Markets Update: Crypto Prices Sink Lower Finding New Support Levels
Crypto Asset Home
by admin
5y ago
On June 9, digital currency markets have been meandering along in a consolidated manner after the slight downturn this afternoon. At the moment, the entire cryptocurrency market is around $243 billion, but global trade volume has dropped from $80 billion on June 5 to $56 billion this weekend.   Crypto Markets Under Pressure About six days ago digital currency markets lost between 2-15% throughout June 2 through June 5, but market participants managed to recapture some of those losses throughout last week. Currently, bitcoin core (BTC) spot prices are hovering between $7,625-7,700 per BTC an ..read more
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Crypto Whale Buying Activity Is Good and Bad News for Bitcoin Bulls
Crypto Asset Home
by admin
5y ago
By CCN: A bitcoin analyst and blogger confirms that the recent rise in the bitcoin price was not due to any kind of organic investor flow. My theory was that crypto whale traders swooped in late last year not merely because of the 85% decline in BTC but because of a key technical trading factor – and nothing more. Willy Woo confirms that the recent price rise was driven more by whales buying and trying to manufacture a short squeeze ..read more
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Cardano’s Charles Hoskinson explains his views on the new ‘Cardano Roadmap’
Crypto Asset Home
by admin
5y ago
IOHK shared the redesigned roadmap for Cardano after scrapping the old one. The new roadmap details their vision for Cardano from 2019 through 2021. Charles Hoskinson detailed the reasons that went into the new roadmap in “The Cardano Effect” Podcast on June 9. IOHK tweeted: Today, we’re very pleased to share our completely redesigned roadmap, charting our progress towards the Cardano 2020 vision. Here’s where we’ll keep the community updated over the months ahead https://t.co/t1kjKY09lk #Cardano #CardanoCommunity #Blockchain — Input Output (@InputOutputHK) June 5, 2019 Hoskinson said that r ..read more
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Indicators point to a sale
Crypto Asset Home
by admin
5y ago
Stellar Lumen’s Lumen cryptocurrency (XLM) is gaining ground slowly in monthly numbers, but it’s lost a bit in the daily and weekly ones. The coin has been quite volatile recently, so the Bollinger bands remain quite extensive around the average. That leaves the possibilities open for a trend that could go either way. Trading volumes remain very low, almost utterly irrelevant, so the whole picture looks like it’s profiling a sideways period instead of producing great heights or significant lows. The hourly analysis is for strong sells, while the weekly one is for the bulls (but not too strong ..read more
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Top 5 Crypto Performers: ATOM, LTC, BSV, BNB, XRP
Crypto Asset Home
by admin
5y ago
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. For the past few days, cryptocurrencies have managed to hold onto a large part of their gains. This is a positive sign, as it shows that the bulls are not in a hurry to book profits. It is also comforting to see that the gains have come on the back of increasing volumes. Bitcoin’s (BTC) trading volume on ..read more
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Ripple (XRP) Price Analysis: Ripple is Still Missing the Midas Touch to Bring XRP Prices Out of the Loop
Crypto Asset Home
by admin
5y ago
XRP keep the traders waiting on coming out of the $0.47 loop Ripple releases insights on the power of data and its impact on the financial industry Ripple is empowering the future of the banking industry for the platform enables cross border payment and asset transfers within seconds, but the XRP token seems to be gaining nothing out of it. There has been a repeat mode on for XRP, and the currencies keep going up and down within $0.47 range in the last 30 days. The current market data has nothing new to report; however, the traders seem to be losing patience and feel distracted & disinter ..read more
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Tom Lee: If Bitcoin Hits $10K, It’s Going to Make a Run for $40K – Spotlight
Crypto Asset Home
by admin
5y ago
In a podcast with Binance, Tom Lee, Co-Founder and Head of Research at Fundstrat Global Advisors, stated that if Bitcoin can hit $10k, it will most likely make a run for $40k.  Tom Lee has made a lot of Bitcoin predictions over the last 2 years. The industry analyst made several price predictions in 2018 that turned out to be completely wrong. Nevertheless, it is always interesting to hear what Lee has to say about Bitcoin. In an podcast with Binance CFO Wei Zhou, Lee showed that he is still bullish, despite the fact that Bitcoin recently slipped below $8,000. Lee stated that once bitcoin re ..read more
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The Crypto Week – The Majors Hit Reverse 09/06/19
Crypto Asset Home
by admin
5y ago
It’s been a bearish start to the month of June as the bears look to claw back control of the reins. Bitcoin fell by 0.95% on Saturday. Partially reversing a 2.36% gain from Friday, Bitcoin ended the day at $7,924.0. Bearish through most of the day, Bitcoin fell from an early morning intraday high $8,069.0 to a late afternoon intraday low $7,800.1. Falling well short of the first major resistance level at $8,178.63, Bitcoin came within range of the first major support level at $7,791.53 before finding late support. For the current week, Monday through Saturday, Bitcoin was down by 9.34% in spi ..read more
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Ripple Price Analysis – XRP Price Is Steady Around $0.4, Can We Expect A Surge?
Crypto Asset Home
by admin
5y ago
an hour ago | Azeez Mustapha Ripple Price: $0.41 Key XRP resistance levels: $0.46, $0.48 Key XRP support levels: $0.38, $0.36 *Price at the time of writing Ripple price long term trend: Neutral Since the May 14 surge in volatility that surpassed the $0.38 resistance and is now a support level, Ripple has held trading within a symmetrical wedge boundary which is about to move out of the trend line. In the next few days to come, we are more likely to experience an actual direction for the token. As of now, the market is in a bearish trend. Now that price movement is ranging in a wedge boun ..read more
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Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 09/06/19
Crypto Asset Home
by admin
5y ago
Bitcoin Cash – ABC – Sees Red Bitcoin Cash ABC fell by 1.85% on Saturday. Reversing a 1.08% gain from Friday, Bitcoin Cash ABC ended the day at $392.17. A relatively choppy morning saw Bitcoin Cash ABC rise to an early intraday high $403.86 before falling to a morning low $390.38. While steering clear of the major support and resistance levels, Bitcoin Cash ABC fell through the 23.6% FIB of $393. Falling short of $400 levels through the rest of the day, Bitcoin Cash ABC fell to a late afternoon intraday low $385 before finding support. Bitcoin Cash ABC fell back through the 23.6% FIB of $393 ..read more
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