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Bitcoin (BTC) Transaction Volume Nears All-Time-Highs Despite Gloomy Market Conditions

Following an extended period of sideways trading, the cryptocurrency markets dropped today as Bitcoin failed to hold above its recently established support level at $3,800. BTC’s drop below this level has led many cryptocurrencies to plunge 5% or more, signaling that greater volatility is likely to come as the week continues on. дальше »

2019-3-5 01:00


P2P Markets Report: Iranian Localbitcoins Volume Gains 190% in a Week

The peer-to-peer (P2P) markets have seen a dramatic increase in Iranian and Indonesian trade activity, with both markets posting triple-digit volume gains in recent weeks. Localbitcoins volume has also surged in select Latin American markets this past week, with the Dominican Republic, Colombia, and Venezuela posting some of their strongest trade on record. дальше »

2019-3-2 00:30


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Bitcoin Price Analysis: Bullish Rejection Wipes Out Bitcoin’s Weekend Gains

Over the weekend, a strong rally was stifled by an even stronger rejection as the bitcoin market was shoved into a band of overhanging resistance. This band of resistance has been mentioned several times in our analyses over the last few weeks as it has proven impossible to overcome for the time being:Figure 1: BTC-USD, Daily Candles, Failed BreakoutThis run to the low $4,000s coincided with a breakout of a rather large symmetrical triangle consolidation shown above. дальше »

2019-2-26 02:42


Is Bitcoin (BTC) Bear Market Over? Here’s How Leading Advisors on Crypto Twitter Put It

Bitcoin is currently riding at $3,835 with 24-hours loss of 3.16 percent. Since last week at $3,400 on February 17th, Bitcoin has taken a hike of 22.5 percent. One of the strongest factors that are supporting the current bullish sentiments is the ongoing increase in trading volume. At the time of writing, Bitcoin trading volume […] дальше »

2019-2-24 21:50


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Bitcoin Price Analysis: Bullish Setups Could Break Current Market Structure

The cryptomarket remains coiled as we lead into the weekend with no new highs and no new lows being established for bitcoin. However, it is nicely consolidating on lower time frames and hints toward the possibility of another leg up:Figure 1: BTC-USD, Hourly Candles, Consolidating PennantThe pattern shown in Figure 1 outlines a potential continuation pattern called a “bullish pennant. дальше »

2019-2-23 02:23


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Indonesia Follows Venezuela With Giant Localbitcoins Bitcoin Trading Surge

Indonesia Bitcoin traders have fled cryptocurrency exchanges to Localbitcoins in the week the government enacted anti-money laundering regulations for the industry. Volume Up 300 Percent In A Week Data from Coin Dance, which tracks weekly Localbitcoins volumes in various markets, confirms a huge spike for the seven days ending February 16. дальше »

2019-2-18 13:00


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Bitcoin Price Analysis: After Sudden Upswing, Bitcoin Price Drifts Downward

Last week, we saw a violent move to the upside as bitcoin rallied 11% over the course of one day. Since peaking in the upper $3,600s, bitcoin has seen close to zero bullish follow-through, and the price has begun to drift downward over the course of the last week:Figure 1: BTC-USD, Hourly Candles, Downward DriftDownward-drifting markets like this can often be a sign that distribution is taking place. дальше »

2019-2-15 00:21


Venezuela Imposes 15% Commission on Crypto Remittances as Bitcoin Trading Volume Hits ATH

Last week, Venezuela published a provision in the Official Gazette No. 41581 of Venezuela that now imposes a hefty commission on the cryptocurrency remittance payments in the country. The National Superintendency of Cryptoactives and Related Activities (SUNACRIP ) is the in charge of carrying out the regulations. “The natural persons who intend to send in […] дальше »

2019-2-13 19:49


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Venezuela Imposes Capital Controls on Bitcoin Remittance Amid Record Volume

Venezuela continues to reach new heights in terms of weekly Bitcoin trading volume. Meanwhile, the country’s government has issued new regulations that impose fees on Bitcoin remittance. 2,545 BTC: New Weekly Bitcoin Trading Record According to data from Coin Dance, Venezuelans traded 2,454 BTC via Localbitcoins (the P2P trading platform) for the week ending February 9, 2018. дальше »

2019-2-12 08:00


Sudden Spike In Bitcoin’s Volume on LocalBitcoins in Venezuela is the Highest Ever

In last week alone, Venezuela has seen a sudden spike in bitcoin volume with an astounding $7 million worth of Bitcoin traded on LocalBitcoins. Trump and major U.S. allies have sought to unseat Venezuela’s authoritarian socialist president, Nicolas Maduro, and replace him with Juan Guaido, the leader of the country’s political opposition. “It could be […] дальше »

2019-2-3 22:43


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Bitcoin Price Analysis: Strong Move Likely Following Tightly Coiled Market

Days and days of sideways consolidation and tightening volume has been the name of the game for the bitcoin market. A narrow range of $200 has caused a weeks worth of activity to coil and consolidate in preparation for bitcoin’s next move:Figure 1: BTC-USD, Daily Candles, Narrow RangeThe figure above shows just how narrow the range has been over the last week as the market has continued to grind out support and fail to break above overhanging resistance. дальше »

2019-1-26 03:13


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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. дальше »

2019-1-18 02:02


Ethereum [ETH]: Price Rebounded Right Back to Triple Digits, What Is Next?

A look at the Weekly chart for Ethereum in logarithmic form shows that price fell to the first mini-support area at $80 then quickly rallied to meet resistance at $160-$180. The candle for the week of 16-22 December is the largest bullish candle of the year and is accompanied by large volume as well (yellow […] Ethereum [ETH]: Price Rebounded Right Back to Triple Digits, What Is Next? was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News. дальше »

2018-12-27 14:49


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Markets Update: Bitcoin Cash Gains More Than 140% This Week

Cryptocurrency markets have been bullish lately as most of the top digital asset prices have seen decent gains over the last week. The overall market capitalization of all the coins in existence is roughly $132 billion this Sunday and global trade volume has increased significantly considering it’s the weekend before the holidays with $20 billion […] The post Markets Update: Bitcoin Cash Gains More Than 140% This Week appeared first on Bitcoin News. дальше »

2018-12-24 22:25


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Bitcoin Price Analysis: Bear Pennant Breakout Puts $1,700 Price in Sight

Another week, another low. Bitcoin’s market has been bleeding relentlessly for weeks and now, after falling 50% in value in just one month, the market has managed to break south of a major bearish consolidation pattern called a bear pennant:Figure 1: BTC-USD, 4-Hour Candles, Bear Pennant BreakoutThis is a massive bear pennant with a staggering $2,000 measured move. дальше »

2018-12-12 01:52