Tag: Trading

Major Coins Trading Sideways With Moderate Losses, Bitcoin Near $10,400

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Sunday, July 21 — Major coins are mostly trading sideways, remaining relatively quiet with moderate losses over the past 24 hours, according to data from Coin360. Market visualization from Coin360 The leading cryptocurrency Bitcoin (BTC) broke the $11,000 threshold earlier yesterday, but could not hold its position and dipped to its current price point of $10,406, down by 1.86% on the day. In terms of its weekly performance, BTC has lost 2.20%. Bitcoin 24-hour price chart. Source: Coin360 The second-largest crypto, Ether (ETH), has taken a downturn as well and…

CFTC Investigates Crypto Exchange BitMEX over Alleged Illicit US Trading

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Seychelles-based cryptocurrency subsidiaries exchange BitMEX is being examined by the America Commodity Futures Trading Commission (CFTC) to decide if it defied guidelines by permitting U.S dealers into its platform. As per a Bloomberg report on Friday, the investigation would take several months to explore the issue since BitMEX isn’t enlisted with the CFTC. BitMEX CEO and founder Arthur Hayes was quoted saying about the crypto exchange’s imbroglio: “BitMEX gives secured, quick, and standard methods for the individuals who see the capability of crypto and to exchange and fence digital currency…

Coinbase CEO Wants Firm to Move Beyond Trading in Next 5 Years

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Brian Armstrong, CEO of major American crypto exchange and wallet service Coinbase,  believes that the firm will be less about trading and more about adoption five years from now. Armstrong wants the firm to connect people in crypto industry  In an AMA session on July 19, Armstrong presented his vision of the company in five years, claiming that he sees Coinbase as not just a crypto trading service provider, but rather a more universal entity driving adoption to crypto. Armstrong pointed out Coinbase’s mission to help grow the global crypto…

Litecoin (LTC) Trading Volumes Swelling, Will $100 Stop Buyers?

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Litecoin (LTC) recovery, adds 13.3 percent in 24 hours Ron Paul is a supporter of cryptocurrencies Despite FUD around cryptocurrencies, Litecoin bulls are active. Rejecting lower prices, LTC could float higher to $100 or better in coming days. Currently, bears will likely press lower since prices are down 17.4 percent week-to-date. Litecoin Price Analysis Fundamentals Undoubtedly, for what they seek to achieve, cryptocurrencies are the building blocks of a borderless future. As Bitcoin’s founder Satoshi Nakamoto laid down the seed that is now blossoming, attracting comments from Donald Trump and…

Coinbase Announces Three Data-Based Trading Signals for Users

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American cryptocurrency exchange and wallet service Coinbase announced that it has released aggregated data in the form of three trading signals to its customers. Coinbase announced the new offerings in an official blog post on July 17. The three trading signals that are being offered are top holder activity, typical hold time and popularity, and price correlation. The purported aim of each of these offerings is to allow investors to create more informed trading strategies, by means of insights that go beyond raw price metrics. The typical hold time signal,…

Top 5 Trading Options in Hong Kong to Look Out For

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Over a period of time, Hong Kong has gained its position as a leading trading economy in the world. Today, it is the 13th largest trading economy around the world. Hong Kong has become a crown jewel of Asia’s trading and commercial world. There are a number of factors that contribute to Hong Kong’s present status in the trading world. One of the most important factors is Hong Kong’s free trade policy. Unlike other places, the authorities of Hong Kong does not impose any tariff on the import and export…

Bitcoin Price (BTC) Trading Near Inflection Point After Recent Recovery

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Bitcoin price started a decent upside correction after trading as low as $9,784 against the US Dollar. The price traded above the $10,500 and $10,800 resistance levels to start the recent recovery. Yesterday’s highlighted major bearish trend line was breached with resistance near $10,680 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is now facing a strong resistance near the $11,000 and $11,100 resistance levels. Bitcoin price started a strong recovery above $10,500 against the US Dollar. However, BTC is still struggling to settle…

Ripple Price (XRP) Trading Near Make-or-Break Levels

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Ripple price found support near $0.2960 and recently recovered higher against the US dollar. The price traded above the $0.3100 resistance area, but it is struggling to break the $0.3200-0.3230 area. The bulls are struggling to gain strength above a bearish trend line with resistance at $0.3185 on the hourly chart of the XRP/USD pair (data source from Kraken). The price must gain strength above $0.3200 and $0.3230 to continue higher in the near term. Ripple price is slowly recovering against the US Dollar, while bitcoin gained nearly 8%. XRP…

Crypto Markets Continue Trading in Red, Oil Reports Losses

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Thursday, July 11 — major cryptocurrency markets are trading in the red zone, with just a few coins reporting moderate gains, according to Coin360. Market visualization courtesy of Coin360 The leading cryptocurrency Bitcoin (BTC) has continued coming down after yesterday;s sharp drop to trade at around $11,740 as of press time. The coin has lost 4.39% over the past 24 hours. During the day, Bitcoin has been trading in a narrow corridor between $12,191 and $11,377. As reported earlier today, Bitcoin trading in Zimbabwe has continued to surge after the government…

Binance Launches Bitcoin Margin Trading on 2.0 Platform with 3x Leverage

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Binance, the world’s largest cryptocurrency exchange by trading volume, has officially launched a margin trading platform. After strong demand from traders, the Binance 2.0 platform will allow users to leverage their trades across six digital assets: Bitcoin (BTC), Binance Coin (BNB), Ethereum (ETH), XRP, Tether (USDT), and Tron (TRX). #Binance Launches Margin Trading service for Evolving Cryptocurrency Traders Binance Margin is now available to all eligible users. #TradingEvolvedhttps://t.co/GPDIwKtO6E pic.twitter.com/85DtUtsJC5 — Binance (@binance) July 11, 2019 Margin trading on Binance The new margin functionality allows Binance users to amplify their trades…