Tag: Bitcoin

Ripple (XRP) Price Trend Overwhelmingly Negative, Bitcoin Diving

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Ripple price is declining and trading below the $0.2560 pivot level against the US dollar. Bitcoin is down more than 3% today and Ethereum broke a major support near $178. There is a new connecting bearish trend line forming with resistance near $0.2530 on the hourly chart of the XRP/USD pair (data source from Kraken). The price tumbled recently and tested the $0.2400 support area. Ripple price is trading in a crucial downtrend against the US Dollar, while bitcoin is approaching $8K. XRP price is likely to struggle near the…

Tassat and Blockfills Launch Trade at Settlement Product for Bitcoin

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New York-based fintech provider Tassat is partnering with digital asset market maker Blockfills to launch an institutional Trade at Settlement (TAS) product for spot Bitcoin (XBT/USD). According to a Nov. 18 report by Hedgeweek, Blockfills — which specializes in digital asset electronic market making, trading and prime brokerage — will join forces with Tassat, formerly known as trueDigital to launch the product by mid-December. New products for crypto traders to hedge risk TAS is a specific type of electronic order book that enables buyers and sellers to trade at —…

US SEC Takes Another Look at Rejected Bitwise Bitcoin ETF Proposal

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The United States Securities and Exchange Commission (SEC) is reviewing its decision to reject the Bitcoin (BTC) exchange-traded fund (ETF) filing from Bitwise Asset Management and NYSE Arca. Taking a second look In an announcement on Nov. 18, the commission said that the ETF filing from Bitwise Asset Management and NYSE Arca will return to review, following the earlier rejection for not meeting the necessary requirements. In October the U.S. regulators said that the applicants did not meet the necessary requirements regarding possible market manipulation and illicit activities. The SEC…

Crypto Markets Continue to Drop, Bitcoin Briefly Slips Below $8,200

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After another sell-off earlier today, crypto markets have continued to fall, with Bitcoin (BTC) briefly dropping below the $8,200 threshold. At the time of writing, 19 out of the top 20 coins by market cap are seeing significant losses. Texos (XTZ), the 17th altcoin by market cap, is resisting the bearish movement, still trading up around 1% over the past 24 hours at press time, according to Coin360. Market visualization. Source: Coin360 After Bitcoin failed to reclaim $8,500 earlier today, its price has only continued to fall, dropping to as…

Family Offices Finally Accept the Benefits of Investing in Bitcoin

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There is a lot of chatter going on about the uncertainties of cryptocurrency and how an attempt to tame the raging seas of the crypto market could spell doom for investors. As expected, in the middle of this conversation is Bitcoin (BTC), whose popularity continues to grow in the investment world.  Although Bitcoin’s volatility is well-documented, this has not stopped investors from adopting cryptocurrencies as a way of effecting a diversified investment strategy. Interestingly, the volatility narrative is somewhat losing its potency as Bitcoin slowly establishes stability. Hence, I will…

Bitcoin Price Key Pattern Is Suggesting 68% Chance of Bullish Reversal

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Bitcoin (BTC) closed the week down almost 6% at $8,500. Altcoins performed slightly better than BTC but collectively also closed lower for the week, down 3.5% against the dollar. Bitcoin dominance remains relatively flat and continues to hold 68% of the total share of the cryptocurrency market. Monday has brought lower prices on open with Bitcoin down around 0.75% and the rest of the market following suit.   After a slow start to the week, let’s take a closer look at the price action to determine if there is any change…

Bitcoin (BTC) Diving, Can Bulls Protect $8.2K Support?

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Bitcoin price is extending losses and it recently broke $8,375 support against the US Dollar. The price is currently correcting, but upsides are likely to be capped by $8,500. Morning’s key bearish trend line is active with resistance near $8,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). Ethereum is still holding the $180 support area and ripple is trading in a range above $0.2520. Bitcoin price is showing signs of more losses below $8,500 against the US Dollar. BTC could drop towards $8,200 before a…

Bitcoin, Ether, and XRP Weekly Market Update November 18, 2019

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The total crypto market cap lost $5.7 billion of its value during the last seven days which now at time of writing stands at $234.5 billion. The top 10 currencies are all in the red for the same time frame with Bitcoin Cash (BCH) and Stellar (XLM) being the worst performers, each losing 10 and 9.8 percent respectively. At the time of writing bitcoin (BTC) is trading at $8,468 while ether (ETH) stands around $183. Ripple’s XRP is trading at $0.259. BTC/USD Bitcoin climbed above the $9,000 mark on Sunday,…

Crypto Market Heading Northwards, Bitcoin Price Sits Calm at $8600 Levels

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After a poor drag down last week, the overall cryptocurrency market is showing signs of mild recovery today. While the crypto markets are eyeing a northward journey, Bitcoin still looks hesitant to take the lead. Last week, Bitcoin took a hit as the BTC price first slipped below $9000 and later even below its crucial support at $8700. Now, at press time, Bitcoin is trading at $8641.61 with a market cap of $156 billion. While Bitcoin has been showing a mild response to the market recovery, some of the altcoins…

Bitcoin Price in ‘Golden Pocket’ as Trader Warns of $7,400 Breakdown

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Bitcoin (BTC) failed to reclaim $8,500 on Nov. 18 as market sentiment continued trending downwards over the weekend. Cryptocurrency market daily overview. Source: Coin360 Bitcoin hovers at decisive $8,400 level Data from Coin360 showed BTC/USD attempting to crack the $8,500 level on Monday, only to see rejection after falling from $8,600 late on Sunday.  At press time, the pair traded around $8,450 – a crucial area which analysts suggest could dictate whether the mood going forward is bullish or bearish.  Bitcoin daily price chart. Source: Coin360 “Do or die for…