Could Bitcoin’s Dominance Help BTC Based Projects Pull Ahead of the Competition?

If the 2017/2018 cryptocurrency boom was altcoin season, then 2019 undoubtedly belongs to Bitcoin (BTC). The world’s biggest crypto is currently enjoying its highest level of market dominance in over two years. On the other hand, Ethereum has been progressively losing market share over 2019. The numbers demonstrate that BTC is still the most trusted of cryptocurrencies, which is underscored by the record levels of institutional investment currently flowing in. While this may not be great news for Ethereum and other alts, it’s excellent news for the projects involved in…

Researchers Have Found Bitcoin’s Most Volatile Daily Period

Cryptocurrencies, unlike stocks and currencies, are quite difficult to trade and keep a track of simply because the market is always open. According to a detailed analysis by LongHash, using data from July 2017 to July 2019, Bitcoin shows the most volatility between 12 A.M and 1 A.M UTC, July 17, 2019. Time Zone Analytics Initial insights drawn from the data shows over the past two years, a bulk of the price movement comes between 12 A.M and 1 A.M UTC. More daily lows and high have come during this…

Short of Target: Bitcoin’s $1K Rally Still Leaves Bear Bias Intact

View Bitcoin’s short-term outlook will remain bearish as long as prices remain below $11,080 resistance. A break above that level would invalidate bearish lower-highs setup. The bulls may have a tough time forcing a break above $11,080 amid news of BitMEX exchange facing a regulatory probe and talks of harsher crypto regulation. Prices could drop below $10,000 in the next 24 hours with daily chart indicators continuing to report bearish bias. A weekly close (Sunday, UTC) above $12,000 is needed to revive the bullish view. Bitcoin (BTC) has rallied sharply…

The Case $7.5K Could Become Bitcoin’s New Price Support

Amidst a decline in the price of bitcoin, the world’s most valuable cryptocurrency could find support at $7,500 – that is if it follows past patterns on the charts. Bitcoin has faced selling pressure over the last few days, despite an impending golden crossover on the three-day chart – a bullish crossover of the 50- and 200-candle moving averages, as discussed last week. As of writing, the 50-candle moving average (MA) is on an upward trajectory and looks set to cross above the 200-candle MA in the next few days.…

The Case $7.5K Could Become Bitcoin’s New Price Support

Amidst a decline in the price of bitcoin, the world’s most valuable cryptocurrency could find support at $7,500 – that is if it follows past patterns on the charts. Bitcoin has faced selling pressure over the last few days, despite an impending golden crossover on the three-day chart – a bullish crossover of the 50- and 200-candle moving averages, as discussed last week. As of writing, the 50-candle moving average (MA) is on an upward trajectory and looks set to cross above the 200-candle MA in the next few days.…

A Security on Bitcoin’s Lightning Network Could Protect Users from Thieves

In the last research report published on July 15, 2019, Bitmex analyzes the Bitcoin Lightning Network with respect to channel closure. The research is focused on a mechanism called “Justice Transactions” that punish dishonest parties and prevent them from stealing funds from other Lightning channels. According to the report, 241 Justice transactions were identified, representing 2.22 bitcoin in value, since the Lightning Network was launched at the end of 2017. Justice Has Been Served On July 15, 2019, Bitmex published its third report on the Lightning Network concerning channel closures and…

Bitcoin’s 3-Day Price Charts Point to an Impending ‘Golden Cross’

A bitcoin price indicator is about to turn bullish for the first time since the early stages of the 2016-17 bull market. The 50-candle moving average (MA) on bitcoin’s three-day chart is in a solid upward trajectory and looks set to cross above the 200-candle MA in the next few days. That would be the first golden crossover on the three-day chart since early February 2016. CoinDesk reported on a golden cross for bitcoin’s daily chart back in April. Seasoned traders often refer to that long-term bull market signal as…

Bitcoin’s 3-Day Price Charts Point to an Impending ‘Golden Cross’

A bitcoin price indicator is about to turn bullish for the first time since the early stages of the 2016-17 bull market. The 50-candle moving average (MA) on bitcoin’s three-day chart is in a solid upward trajectory and looks set to cross above the 200-candle MA in the next few days. That would be the first golden crossover on the three-day chart since early February 2016. CoinDesk reported on a golden cross for bitcoin’s daily chart back in April. Seasoned traders often refer to that long-term bull market signal as…

Bitcoin’s Clobbering Bank Stocks So Badly It’s Not Even Funny

According to data published by crypto research firm Messari, bitcoin has massively outperformed the largest banking stocks in the world over the past five years. In fact, the cryptocurrency is pummeling them so badly it’s not even funny anymore. They say a picture is worth a thousand words But this is worth 5: “Long bitcoin, short the bankers” pic.twitter.com/HI2DdO6ria — Jack Purdy (@jpurd17) July 10, 2019 JPMorgan, Bank of America, Deutsche Bank, Morgan Stanley, Citigroup, and Wells Fargo have recorded total returns in the range of -89 percent to -99…

Bitcoin’s Clobbering Bank Stocks So Badly It’s Not Even Funny

According to data published by crypto research firm Messari, bitcoin has massively outperformed the largest banking stocks in the world over the past five years. In fact, the cryptocurrency is pummeling them so badly it’s not even funny anymore. They say a picture is worth a thousand words But this is worth 5: “Long bitcoin, short the bankers” pic.twitter.com/HI2DdO6ria — Jack Purdy (@jpurd17) July 10, 2019 JPMorgan, Bank of America, Deutsche Bank, Morgan Stanley, Citigroup, and Wells Fargo have recorded total returns in the range of -89 percent to -99…