Bitcoin Price Slips as VeChain Moves Higher

2019-11-15 16:56

The cryptocurrency market remains under pressure on Friday, with Bitcoin and the top-10 cryptocurrencies by market capitalization trading in the red.

Ethereum, Ripple, Bitcoin Cash, Litecoin, Binance Coin, EOS, Bitcoin SV, and Stellar Lumen are posting losses of between -1.5% to -2.8%. VeChain is the notable outperformer with gains of over 20%.

The VET/USD pair is trading at its highest level since July 10th, 2019, and has been advancing since Chinese President Xi Jinping announced Beijing’s embracement of blockchain technology.

The total cryptocurrency market capitalization is currently $236 billion, down $11 billion from last week — a loss of 4.5%.

Bitcoin

Bitcoin has fallen to a low of $8,495 as of press time. The BTC/USD pair currently trades around its 50-day moving average located at the $8,550 level. 

Key technical support below $8,500 is located at the October 20th swing-high at $8,350, as well as the psychological $8,000 level.

Bitcoin’s 200-period moving average on the four-hour time frame offers the strongest form of near-term resistance at $8,686. 

Scalpex’s Social Index, a measure of Bitcoin’s market expectations, shows that traders are heavily bearish towards the BTC/USD pair.

 

BTC/USD by TradingView

VeChain

The VET/USD pair is gaining strength above its 200-day moving average and is currently up by 30 percent on a monthly basis.

The four-hour time frame shows that a bullish breakout from a large inverted head and shoulders pattern has occurred. The neckline of the pattern is located at the $0.0065 level, with the overall size of the pattern projecting a possible move higher towards the $0.0095 resistance level. 

Key VET resistances are located at the $0.0082 and 0.0090 levels, while near-term support is found at the $0.0070 and $0.0065 level.

VET/USD by TradingView

Sentiment

According to the latest data from theTIE, market sentiment toward the entire cryptocurrency market is neutral at 50%.

Litecoin has the weakest sentiment reading among the top-10 cryptocurrencies at 44%. Meanwhile, Bitcoin Cash sentiment is strongest at 65%.

The post Bitcoin Price Slips as VeChain Moves Higher appeared first on Crypto Briefing.

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bitcoin vechain market slips price higher moves

Источник: cryptobriefing.com

bitcoin vechain → Результатов: 62


Фото:

China: People’s Daily Gives Blockchain Project VeChain (VET) a Mention

VeChain, a Singapore-based blockchain project was directly mentioned in China’s major newspaper, People’s Daily, a move that could fuel the adoption of the platform in China, as the country has now renewed its interest in distributed ledger technology and crypto, following President Xi Jinping’s recent bullish statement on distributed ledger technology (DLT).

2019-11-14 22:00


Latest Deloitte Research Shows Warming Interest in Blockchain Among Corporate CEOs

Deloitte has already taken steps to become involved with blockchain. The company has ditched Ethereum, adopted VeChain, and is looking ahead at overtaking bitcoin transactions. Director and Consultant Cillian Leonwicz shared in LinkedIn about a week ago: “We wrote more transactions than Bitcoin over the weekend by migrating our client work from Ethereum to VeChain […]

2019-5-8 20:45


Deloitte Ditches Ethereum for VeChain, Brags Beating Bitcoin Transactions

By CCN. com: VeChain, which uses Proof of Authority rather than Proof-of-Work, clocked in more transactions than Bitcoin on Saturday. A Reddit user noticed and raised the celebratory alarm; Deloitte executive Cillian Leonowicz then claimed the activity via LinkedIn, writing: We wrote more transactions than Bitcoin over the weekend by migrating our client work from Ethereum to VeChain – we managed to execute 20+ smart contract transactions per second.

2019-5-2 09:57


ТОП востребованных блокчейн-проектов

Власти и бизнес разных стран часто критикуют криптовалюту, но почти всегда позитивно отзываются о блокчейне. Сегодня сложно представить, чтобы крупная компания не пыталась внедрить эту технологию хотя бы в какой-нибудь элемент своей работы.

2018-12-27 22:07


Фото:

Japanese Tea Products Can Get Verified Proof of Origin on VeChain

Blockchain project VeChain announced that it is working closely with the Fuji MARUMO Tea Garden, one of the historic tea businesses in Japan to prove traceability of tea products. The blockchain network uses an advanced IoT and traceability solution which will enable Fuji MARUMO’s customers to verify the origins of their tea products by using a […] Japanese Tea Products Can Get Verified Proof of Origin on VeChain was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-12-6 19:29


VeChain introduces its Digital Carbon Platform while competition orchestrated a FUD against FunFair

China lifting the Bitcoin ban is fake news A couple of days ago we saw multiple reports come through claiming that China has lifted its infamous “Bitcoin ban”. The reports came out after Shenzhen Court of International Arbitration recognized Bitcoin as “a legal asset to be owned, transferred and utilized as a medium of payment […] The post VeChain introduces its Digital Carbon Platform while competition orchestrated a FUD against FunFair appeared first on CaptainAltcoin.

2018-11-10 22:59


VeChain выпустил обновление Mainnet 1.0.2

Проект VeChain на этой неделе сделал 2 шага вперед. Во-первых, проект выпустил версию 1. 0. 2 их главной сети Thor, которая приносит несколько улучшений в протокол. Во-вторых, китайский страховой гигант People's Insurance Company of China (PICC) объявил о партнерстве с VeChain и давним сотрудником VeChain - DNV GL.

2018-9-8 12:42


Цена VeChain (VET) выросла более чем на 10% после мощного заявления

Криптовалютный рынок становится еще более непредсказуемым, так как на ежедневной основе есть одна монета (в основном из ряда альткоинов), которая очень выделяется по сравнению с остальными. В большинстве случаев, когда медведи захватывают рынок, цена токена не влияет на то, что в значительной степени связано с объявлением команды, новостями улучшения сети или партнерскими отношениями.

2018-9-4 13:23


Причина роста стоимости VeChain состоит в грамотных партнерствах компании

Стоимость криптовалюты VeChain выросла более чем на 50% в течение дня, аналитики утверждают, что это связано с успешными сделками компании. Сообщение Причина роста стоимости VeChain состоит в грамотных партнерствах компании появились сначала на Freedman.

2018-8-19 17:34


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