Bitcoin Trades Sideways as Major Altcoins Enjoy Sizeable Gains

Sunday, Aug. 11 — It is a largely green picture across the top-20 cryptocurrencies. While Bitcoin (BTC) has remained flat overall, altcoins have enjoyed some sizeable gains, with some rising over 9% on the day Market visualization courtesy of Coin360 Bitcoin’s price was down a fraction at press time, losing 0.61% to trade at $11,352, according to Coin360­­. BTC’s value has tumbled by more than $500 in the past 24 hours — struggling to recover from a sudden $400 drop in the space of just five minutes on Saturday. Prices have remained…

Ripple Price (XRP) Back To Square One But Bitcoin Holding Gains

Ripple price struggled to continue higher and declined below the $0.3100 level against the US dollar. The price is currently consolidating losses after it traded as low as $0.3038. There are two key bearish trend lines forming with resistance near $0.3100 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains at a risk of more downsides as long as there is no close above $0.3120. Ripple price is trading with a bearish below key supports against the US Dollar and bitcoin. XRP price might…

Ethereum Price (ETH) Correcting Gains: Dips Favored Near $224

ETH price extended gains above the $230 resistance and climbed above $235 against the US Dollar. The price tested the $237 level and it is currently correcting gains. There are two bullish trend lines forming with support near $226 and $222 on the hourly chart of ETH/USD (data feed via Kraken). The pair could find a strong buying interest near the $224 and $225 support levels in the near term. Ethereum price is correcting gains from $237 versus the US Dollar, and bitcoin is holding $11,500. ETH price could test…

Brazilians Now Must Declare Cryptocurrency Gains to Brazil’s IRS Every Month

The Brazilian government recently passed a new law, compelling every citizen to declare his or her crypto transactions at the end of every month. The law, which took effect on August 1, is aimed at curbing criminal acts in the crypto sphere including money laundering, trafficking, and tax evasion. According to a major news outlet in Brazil, Agencia Brasil, citizens of Brazil must report their crypto transactions and holdings to the country’s IRS before the last day of the following month. That is, all crypto gains made in August must…

“Golden” Bullish Bitcoin Price Signal: Are 5000% BTC Gains Ahead?

While 2018 was most certainly a bear market for Bitcoin and crypto assets, 2019 has been mostly a bull market or at least the beginning stages of one. The latest in the growing list of signs the leading crypto asset by market cap is building a bullish foundation and will rise to new all-time highs, is a “golden cross” on three-day Bitcoin price charts. The last time this occurred, was in February 2016, and from there, Bitcoin went on to bring investors a 4,900% return on investment. Could the same…

Bitcoin Gains as Trump Threatens $300B Tariffs on Chinese Goods |

The bitcoin price soared higher on Friday after US President Donald Trump announced another $300 billion tariffs on Chinese goods. The world’s largest cryptocurrency touched the $10,527-high ahead of the European market open, posting up to 2.47 percent intraday gains. The upside action brought its weekly profit closer to 11 percent, accompanied by a decent rise in volume on spot exchanges. The move further influenced the rest of the cryptocurrency market to follow suit, with the combined altcoin market capitalization surging from $91.149 billion on July 29 to as high…

Ethereum Price (ETH) Primed For More Gains As Bitcoin Breaks Key Hurdle

ETH price found support near the $210 level and recently climbed higher against the US Dollar. The price broke the $215 resistance and it seems like there could be more gains in the near term. There is a connecting bullish trend line forming with support near $214 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently trading with a bullish angle and it could even surpass the $220 resistance. Ethereum price is trading with a positive bias versus the US Dollar, and bitcoin rallied above…

Bitcoin Price (BTC/USD) Correcting Gains, Dips Remain Supported

Bitcoin price climbed higher recently and broke the $10,000 resistance area against the US Dollar. The price retested the $10,200 resistance area and it is currently correcting lower. There was a break below a short term ascending channel with support near $10,020 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently correcting lower, but dips remain supported near the $9,850 and $9,800 levels. Recently, there was a nice upward move in bitcoin price above $10,000 against the US Dollar. BTC price retested the…

Ripple Price (XRP) Primed For More Gains, BTC Signaling Uptrend

Ripple price extended gains and traded above the $0.3220 resistance area against the US dollar. The price topped near the $0.3240 level and it is currently correcting gains. There is a short term bullish trend line forming with support near $0.3160 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is likely to bounce back as long as it is trading above the $0.3120 support area. Ripple price is placed nicely in a bullish zone above $0.3100 against the US Dollar, and bitcoin rallied above…

Swiss Crypto Finance App Gains Nationally Recognized AML License

Cryptocurrency-focused personal finance app Aximetria has gained a financial standards license recognized by Swiss regulators. In a press release provided to Cointelegraph July 29, Aximetria, which is based in the country, said the Swiss Financial Services Standards Association (VQF) license would allow it to function as a crypto intermediary and streamline its onboarding process. The VQF license is approved by Switzerland’s overarching finance regulator, the Financial Market Supervisory Authority (FINMA). An award means the holder carries out activities in compliance with the organization’s anti-money laundering (AML) and Know-your-Customer (KYC) rules. …