Bitcoin Approaches $3,700 as Top Cryptos Report Gains

Tuesday, Jan. 15 — all the top 20 cryptocurrencies are seeing slight to moderate gains in the 24 hours to press time. Bitcoin’s (BTC) price has approached $3,700 again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is up nearly 3 percent on the day, trading at around $3,680. Looking at its weekly chart, the current price is lower than $4,060, where Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap Ripple (XRP) is up just under 3 percent on the day, trading at around $0.33 at…

Crypto Market Gains Traction: EOS, Tron (TRX), Bitcoin Cash, ADA Price Analysis

The total crypto market cap found support near $112.00B and recovered above $120.00B. EOS price is up more than 8% and it may extend gains above the $2.50 resistance. Bitcoin cash price is back above the $130 level and it could test the $135 and $138 resistances. Tron (TRX) price rallied close to 10% and cleared the $0.0250 resistance. Cardano (ADA) price found support above $0.0400 and recovered above $0.0430. EOS and Tron (TRX) are gaining bullish momentum as the crypto market recovers nicely. Bitcoin, BCH, Ethereum, and altcoins like…

Research Suggests Russian-Based Hackers Behind Ryuk Ransomware’s $2.5 Million Gains

A recent spate of ransomware attacks estimated to have earned hackers 705.08 Bitcoin (BTC) ($2.5 million) likely came from Russian cybercriminals, not North Korean state-sponsored actors as initially thought. The development was reported on The Next Web’s crypto-focused news site Hard Fork on Jan. 14. Hard Fork cites evidence from cybersecurity research teams McAfee Labs and Crowdstrike, which have analyzed the strategies used in developing and disseminating the Ryuk ransomware strain, and concluded that the identity and motivations of its masterminds have most likely until now been misreported. The Ryuk…

Sep 2018 Gains Shore XRP Bulls

Ripple price is trading within Sep 2018 high low and bullish The management team at Circle convinced crypto valuation would rise. Bear trading volumes high, XRP prices likely to find support at 30 cents Although losses were market wide, XRP is resilient, absorbing sell shocks and rising above ETH for the first time in 2019. Even with this safe-haven status, we expect XRP to slide against the USD towards 30 cents. Ripple Price Analysis The ability of XRP to absorb shocks may be the reason why the coin is in…

Bitcoin Price Between Holding Gains and Losing Gains as Breakout Waits

The bitcoin price held onto its gains this Monday as the trading session across the Asian and European markets expressed its calm. The bitcoin-to-dollar pair is trading at $4,009, down 1.93 percent from Monday’s high. The correction appears natural to an overperforming asset, and its significance should be weighed in when it extends as far as 10 percent from the recent peak. As bitcoin heads into an interim sideways trend, the asset has attempted to pierce below $4,000 on five separate occasions today. It seems that there is a decent…

Bitcoin Price Watch: BTC Breaks $4K, More Gains Possible

Bitcoin price finally broke the $4,000 barrier and traded towards $4,100 against the US Dollar. There was a break above a major bearish trend line with resistance at $3,830 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently consolidating gains and dips towards $4,000 and $3,920 remain supported. Bitcoin price gained bullish momentum and cleared $4,000 against the US Dollar. BTC could correct a few points, but it is likely to resume uptrend above $4,100. Bitcoin Price Analysis Recently, we discussed about a…

Crypto Market Records Decent Gains But Bitcoin Must Rise Above $4,500

In the past 24 hours, the crypto market added $3 billion to its valuation as Bitcoin (BTC) and Ethereum (ETH) performed relatively well against the U.S. dollar. Several crypto assets in the likes of Litecoin, TRON, and Cardano recorded the largest gains on the day in the range of 6 to 12 percent. Bitcoin Has Needs to Break Above $4,500 As the cryptocurrency market avoided a further drop below the $130 billion mark, Bitcoin defended the $3,800 level and stabilized at around $3,850. According to a technical analyst with an…

Bitcoin Price Watch: BTC Correcting Gains, But Dips Remain Supported

Key Points Bitcoin price recently traded as high as $3,919 and later started a downside correction against the US Dollar. There is a major bearish trend line formed with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price must stay above the $3,740 support level to bounce back in the near term. Bitcoin price started a downside correction towards $3,700 against the US Dollar. BTC could climb higher once again if buyers continue to defend $3,740. Bitcoin Price Analysis Yesterday, we saw…

Single Mining Pool Gains 50% of Bitcoin Cash Hashrate

Bitcoin Cash mining centralization has reached a level where just one pool is controlling half of its hashrate, according to Coin Dance. The crypto statistics service found that BTC.TOP mining pool, a China-based private entity, took over as high as 50.2% of the entire Bitcoin Cash network at some point today. It contributed the hashrate of 679 Peta-Hash per second against other major competing pools including BTC.com (257 PH/s), ViaBTC (215 PH/s), AntPool (125 PH/s), and Bitcoin.com (187 PH/s). SOURCE: COIN.DANCE Bitcoin Cash and Centralization The notable increase could have…

Top Cryptos See Modest Gains After Wavering Earlier Today

Jan. 1 — the top 20 coins are seeing moderate gains over the 24-hour period. Bitcoin has scaled back above $3,800 after falling below the mark earlier today. Market visualization from Coin360 At press time, Bitcoin (BTC) is up 3.1 percent and is trading at $3,863.18. On its weekly chart, the major cryptocurrency is still down by over five percent, and is lower than the Dec. 29 high of $3,961. Bitcoin 7-day price chart. Source: CoinMarketCap The second largest cryptocurrency by market capitalization, Ripple (XRP), is up over three percent…