Posts in category

Prices


Bitcoin is solidly bid on Tuesday and could test the $10,000 mark in the next few days, chart analysis suggests. Following a sharp price spike just after midnight (UTC), the cryptocurrency rose to $9,308 on Bitfinex – the highest level since March 14. At time of writing, BTC was trading at $9,291, up 4.2 percent …

0 35

Bitcoin’s price climbed above $9,200 on Tuesday to hit a 40-day high, according to data from CoinDesk’s Bitcoin Price Index (BPI). Following a steady increase over the past week, the price of world’s largest cryptocurrency by market capitalization jumped above $9,000 soon after the morning trading session began around 00:30 UTC, after which it continued …

0 38

Having rallied more than 80 percent in the last week, bitcoin cash (BCH) looks overbought and due for a pullback. The world’s fourth largest cryptocurrency by market capitalization confirmed a bull breakout on April 15 by crossing the long-term descending trendline. The price rise occurred alongside the broader market recovery seen after bitcoin’s $1,000 rally on …

0 36

Having witnessed a major bullish breakout, bitcoin (BTC) is now struggling to find acceptance above the $9,000 mark. The cryptocurrency crossed the long-term descending trendline (drawn from the Dec. 17 high and Jan. 6 high) in a convincing manner and closed well above the resistance at $8,459 on Friday, signaling a bearish-to-bullish trend change. However, …

0 39

Bitcoin hit four-week highs in Asian hours but continues to underperform when compared to alternative cryptocurrencies (altcoins). Having scaled a long-term bearish trendline, the world’s largest cryptocurrency by market capitalization rose to $9,021 at 07:30 UTC – the highest level since March 22, according to CoinDesk’s Bitcoin Price Index (BPI). As of writing, bitcoin (BTC) …

0 35

Alternative cryptocurrencies shone bright this week, as the wider cryptocurrency market saw continued resurgence. The total market capitalization of all cryptocurrencies rose 25 percent week-on-week to $375 billion, according to CoinMarketCap – that’s up from below $250 billion just 10 days ago. But bitcoin, with 5.4 percent appreciation over the last seven days, ranks only third …

0 35

Is the reversal of a lesser-known bitcoin price indicator signaling a bull trap? That’s the question being asked by Twitter’s more expert crypto analysts after bitcoin’s rise to $8,500 this week, a figure that’s up more than 25 percent since its early April lows. As such, many investors and traders are wondering if the market’s rally, …

0 38

Bitcoin (BTC) saw small gains last night, but the weak move did little to further the bull case. The target resistance level to beat yesterday (long-term descending trendline) was $8,285. A high volume close (as per UTC) above that mark would have signaled a long-term bullish trend reversal. The daily chart below shows bitcoin closed …

0 35

Bitcoin (BTC) remains in bullish territory today, but a major break above the long-term descending trendline has been elusive. That failure on the part of the bulls means the cryptocurrency needs a major move above $8,300 soon to lessen the risks of another sell-off. The trendline resistance is around $8,285 currently. However, soon before press …

0 38

The privacy-focused cryptocurrencies are reporting solid gains today, soon after Pornhub announced it will now accept payments in verge’s XVG token. Monero (XMR), the world’s 11th largest cryptocurrency by market capitalization, clocked a four-week high of $232 earlier today and is changing hands at $227 – up 14 percent in the last 24 hours, according …

0 41

Bitcoin (BTC) remains on the hunt for a major bullish breakout after bouncing back from an overnight dip. Prices hit a four-day low of $7,823 yesterday reportedly due to whale dumping over $50 million-worth of the cryptocurrency in one Bitfinex trade. The news that New York’s attorney general is taking a closer look at major …

0 41

Verge’s XVG token is witnessing a classic “sell the news” trade. The privacy-focused token ran into offers after the news hit the wires at 10:00 EST that PornHub, the biggest website in the porn industry, would accept XVG as a mode of payment, officially putting an end to rumors of a breakthrough partnership that have been …

0 40

Bitcoin remains in a bullish territory for now and is looking at further gains, though a pullback is possible if support at $7,900 is breached, according to technical studies. The cryptocurrency’s first attempt to scale the long-term descending trendline (drawn from the Dec. 17 high and Jan. 6 high) failed on Monday and prices fell …

0 37

Ripple’s XRP token has gone from the worst performing top-5 cryptocurrency to the best performer in just one week. As of writing, the world’s third-largest cryptocurrency by market value is trading at $0.6574 – up 33.66 percent week-on-week, according to CoinMarketCap. The news come, of course, as the wider crypto markets have regained poise over …

0 35

A move above resistance at $8,500 would provide confirmation bitcoin’s bear market has ended, the technical charts indicate. Over the weekend, the cryptocurrency clocked a three-week high of $8,458 on Bitfinex, adding credence to the short-term bull reversal confirmed last Thursday. Further, the 30 percent rally from $6,425 (April 1 low) proved that the much-feared “death …

0 39

The crypto market is finally showing signs of life after a painful first quarter. The total value of all cryptocurrencies, also known as total market capitalization, jumped above $300 billion on Thursday and was last seen at $325 billion, the highest level since March 26, according to CoinMarketCap. Also, the total market capitalization has jumped 31 …

0 38

Bitcoin (BTC) clocked a 2.5-week high of $8,225 on Bitfinex earlier today and could soon scale the $8,500 mark, the technical charts indicate. Prices jumped close to 14 percent on Thursday and moved above the $8,000 mark for the first time since March, according to Bitfinex. The sharp rally was reportedly fueled by the unwinding …

0 36

Bitcoin rallied over $1,000 in an hour this morning, having spent a better part of the last two weeks trading sideways in a narrow price range. The cryptocurrency clocked a two-week high of $8,055 soon before press time and is currently trading at $7,850, according to CoinDesk’s Bitcoin Price Index. The move marks a 13 …

0 47

The stagnant bitcoin charts could spring back to life in the next 24 hours, with a bullish move possibly on the cards. The cryptocurrency has been moving in a more or less sideways manner for over a week now and – currently trading at $6,848 on Bitfinex – is largely unchanged on a 24-hour basis. However, …

0 41

The second quarter of 2018 may bring some respite for the beleaguered bitcoin (BTC) bulls. The world’s largest cryptocurrency by market valuation seems to have found a bottom around the $6,500 mark, having dropped 50 percent in the first quarter – notably, the worst Q1 performance on record and the second worst ever. Soon before …

0 38