Long-Term Bitcoin Bull: Likely That Crypto Market Hasn’t Bottomed Yet

2019-2-3 04:00

Crypto Market Bottom Likely Isn’t In As Bitcoin (BTC) has found itself in the midst of a lull, as it’s held the $3,400 level over the past days and weeks, some optimistic cryptocurrency traders have claimed that the bottom is clearly in.

Yet, two leading industry commentators recently sought to somewhat dispell these thought processes, […]

The post Long-Term Bitcoin Bull: Likely That Crypto Market Hasn’t Bottomed Yet appeared first on Ethereum World News.

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Bitcoin Price Analysis: Major Support Broken on Expanding Volume and Spread

After weeks of consolidation, bitcoin finally broke through support. The market now finds itself cruising toward prior lows. On expanding volume and spread, the bitcoin market appears ripe for a continuation of the downtrend:Figure 1: BTC-USD, Daily Candles, Broken SupportAlthough the current daily candle has yet to close, unless there is a strong influx of demand hitting the market, it stands to reason that bitcoin will be closing a new daily low for the first time since mid-December.

2019-1-29 02:01


Two of the Most Underrated Cryptocurrencies, yet Highly Promising Tokens

When newbies get into cryptocurrency for the first few weeks, it is easy to get drowned in the notion that only the top 10 highly ranked coins and tokens are worth investing in. With everyone talking about Bitcoin and Ethereum, it becomes harder for tokens with lower market caps to make the front page of […] The post Two of the Most Underrated Cryptocurrencies, yet Highly Promising Tokens appeared first on ZyCrypto.

2019-1-24 21:46


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Top Officials at Two Korean Cryptocurrency Exchanges Face Fraud Indictments

Several of South Korea’s top crypto exchanges have found themselves in hot water, with executives at a couple of exchanges facing criminal charges and jail time. According to a news report on the Korean website Blockinpress, the CEO of Komid, a Korean crypto exchange, has received a three-year prison sentence for committing fraud against investors by artificially inflating the exchange’s actual trading volume.

2019-1-23 00:57


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Bitcoin Price Analysis: Bitcoin Tests Boundary Support as Demand Weakens

Following last Friday’s drop, bitcoin has found itself coiled, once again, at the bottom of the range it established back in December. With the current market unable to close a new high, the market finds itself in a precarious position:Figure 1: BTC-USD, Daily Candles, Range Support TestThe blue support level shown above illustrates the boundary of the multi-week range bitcoin has been bound by.

2019-1-18 02:02


Crypto Startup Ripple Breaches 200 Client Milestone Amid Market Plunge

It goes without saying that the cryptocurrency market downturn of 2018/2019 irked many of this industry’s startups, even those which have established an unquestioned hegemony. An Ethereum Classic development group folded entirely, while Bitmain, ConsenSys, Steemit, Huobi, and ShapeShift most recently were mandated to purge staffers to maintain a sufficient financial runway.

2019-1-9 21:00


Tron (TRX) Displaces Bitcoin SV (BSV), Moves to 9th Position in Market Capitalization

The woes of Bitcoin Cash (BCH) hard fork, Bitcoin Satoshi Version (BSV) is not yet over as the Tron coin has just displaced it and pushed to the 9th position in Coin market capitalization. This is following a recent announcement by Justin sun, who also doubles as the CEO of Tron Foundation and BitTorrent Foundation […] The post Tron (TRX) Displaces Bitcoin SV (BSV), Moves to 9th Position in Market Capitalization appeared first on ZyCrypto.

2019-1-7 18:50


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Bitcoin Price Analysis: Range-Bound Market Coiled for Next Move

For the better part of a month and a half, bitcoin has been fairly range-bound and unable to establish new lows or new highs. There are some bullish and bearish setups on the horizon for bitcoin, so let’s check out both sides of the argument because currently the market is sitting in the middle of Indecisionville — the most immediate sign of which is this glaringly obvious head-and-shoulders bottom reversal pattern:Figure 1: BTC-USD, Daily Candles, Head-and-Shoulders BottomThis current pattern is nothing more than a setup at the moment, but it represents one potential outcome of this sustained consolidation.

2019-1-4 02:22


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The Daily: Arguing Over Augur, Regulated Stablecoins Attract Flak

Welcome to the final installment of The Daily for 2018. It seems fitting that the year’s ultimate edition should focus on one of 2018’s overarching themes within the cryptoconomy – stablecoins. We’ve also got space to squeeze in a critique of Augur’s crowdsourced prediction market and to consider yet another bitcoin-based Patreon alternative.

2018-12-31 15:25