Bitcoin and Ether Market Update: January 18, 2019

The major cryptocurrencies are in green for the last 24 hours as market capitalization still holds above $122 billion at the time of press. BTC/USD Bitcoin closed the January 16 trading session with a little more than a $20 price increase and did not allow further decline below $3,600. The mentioned level now represents a stable support threshold for bulls to hold. The BTC/USD pair increased gains on January 17 and moved north to $3,720. Malta-based crypto exchange Binance will expand to European markets by launching a new crypto-to-fiat platform…

Mining Closures Reveal Recurring Bitcoin Bear Market Trend

Mining Another bitcoin miner this week shut down its operations, though the news didn’t come as much of a shock. The latest closure, of U.S.-based Giga Watt which went bankrupt last year, follows a trend among large mining operations that stretches back years. Also read: No Reason to ‘Bury’ Cryptocurrencies, Russian PM Medvedev Says Bankruptcy to Closure After declaring bankruptcy last year, Giga Watt, which launched in 2017, announced in a Telegram message that it would be ceasing all operations. “As was reported in November of 2018, Giga Watt voluntarily…

Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), IOTA Price Analysis

The total crypto market cap broke a major resistance near the $117.00B level. EOS price broke the $2.50 resistance and it may rise towards the $2.62 level. Bitcoin cash price jumped above the $130 level and it might head towards the $135 resistance. Tron (TRX) price is up more than 3% and it seems like it could test $0.0262. IOTA gained more than 6% and it is likely approaching the $0.3250 resistance level. The crypto market is slowing recovery, with positive signs for bitcoin (BTC) and Ethereum. Similarly, BCH, ripple,…

Bitcoin, Ether, and XRP Weekly Market Update January 17, 2019

The total crypto market cap is down more than $7 billion for the last seven days as all of the top ten currencies registered double-digit losses. BTC-USD Bitcoin lost nine percent on January 10, 2019, and dropped to $3,712 in its fourth consecutive day in the red. The BTC-USD pair did not change in value on January 11 and 12 and closed sessions with almost no change, staying within the $3,670 to $3,770 zone. On January 13, the price suffered yet another blow and fell below $3,600, to $3,580 ending…

Bear Market Is Not a Reason to Bury Cryptocurrencies

The massive 2018 bear market is not a reason to bury crypto, Russian Prime Minister Dmitry Medvedev claimed in a speech at the Gaidar forum. Russian news agency TASS reported on Medvedev’s comments yesterday, Jan. 15. Medvedev outlined the current crypto market situation as one of the main questions on the world community’s agenda, along with other challenges such as shifts in traditional markets, a rise in protectionism and social inequalities, and the speed and scope of global digital transformation. Speaking at the annual international scientific conference on the economy,…

Bitcoin ( BTC/USD) and Ether (ETH/USD) Market Update: Jan 16

Global crypto market cap is up with $4 billion since Monday and now stands at $121 as Top 10 currencies managed to avoid further loses.  BTC/USD Bitcoin briefly dropped below $3,600 on January 13, but successfully rebounded on the next day, January 14 gaining 4.4% in value. The BTC/USD pair erased all losses from the previous three days and closed the session at $3,750. Yet another hack in crypto world. The New Zealand-based exchange Cryptopia announced that on January 14 it “suffered a security breach which resulted in significant losses.”…

Crypto Investor: Bitcoin (BTC) May Surpass Market Caps of Visa & Mastercard In 3 Years

Focus On Bitcoin, Not BTC Since Bitcoin (BTC) burst onto the digital scene in 2009, the innovation, first headed by Satoshi Nakamoto, has been lauded as an optimized, decentralized version of Visa, Mastercard, and the like. And while the narrative has undoubtedly changed over the years, with the “BTC is digital gold” argument becoming a common sight, many believe that the world’s first blockchain network could still usurp centralized networks with ample research, development, and most importantly, time. In a recent edition of Off The Chain, a crypto-centric newsletter and…

This Price Resistance Level May Hold Key to Bitcoin Bull Market

That bitcoin (BTC) may be closing on a long-term bottom is generally accepted by now. After all, the leading cryptocurrency by market value has dropped by close to 70 percent over the last 13 months. The challenge now is to pick up early signs of a long-term bearish-to-bullish trend change, which may be possible with the help of the 10-week simple moving average (SMA). Acting as resistance, that moving average proved a tough nut to crack in the eight weeks to Nov. 14 – the day BTC reentered the bear…

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…

Despite Bear Market, Crypto Mining Malware Tops Threat Index for 13th Month Running

Three strains of crypto mining malware have topped the latest Global Threat Index from Israeli cybersecurity firm Check Point, according to a press release published on Jan. 14. Check Point Software Technologies Ltd. is a security solution provider for governments and enterprises globally, with over 100,000 organizations reported to be currently using its security management system. As reported, stealth crypto mining attacks — also known as cryptojacking — work by installing malware that uses a computer’s processing power to mine for cryptocurrencies without the owner’s consent or knowledge. According to…