I predicted for 2018, we’re going to see $5,000 and $60,000.
So $5,000, we pretty much hit it, so let’s see if we can do the $60,000.
Since then, the cryptocurrency has recouped some of its recent losses, last trading at $6,363.93 at 11:00 a.m. HK/SIN on Wednesday, according to CoinDesk’s bitcoin price index.
Still, bitcoin is currently trading more than 67 percent below its all-time high of nearly $20,000, which it hit in December.
Still, there was some relief after the Securities and Exchange Commission clarified last month that bitcoin and ether were not securities.
After a feeble rally on diminishing volume, bitcoin is currently in the middle of its first major pullback in about 2 weeks. Over the last week or so, bitcoin managed to break its sustained downtrend and trend back inside the macro trading range (TR) — both of which are quite bullish market characteristics.
Augur, a blockchain-based predictions platform, has opened to the general public. The platform becomes the “world’s first” decentralized prediction-market platform.
Ripple XRP is about to see three brand new exchange listings that could very well mark a new era for XRP as a cryptocurrency. Of course, the more exchanges a cryptocurrency is available on, the more trading pair options become available and of course, this also ensures that the customer base and target demographic of the cryptocurrency grows.
Finally, there is a pump of demand as far as Bitcoin (BTC) price action goes. Bitcoin is trading above $6,500 and odds are we might see further gains this week after week ending July 8 bullish confirmation and push above $6,000.
Huobi has made its plans to enter the US market crystal clear. Its new trading platform, known as HBUS, went live last week. The new marketplace is now accepting registrations from US residents. The “official” launch will occur on July 10.
Crypto markets continue to see mixed signals, but hold recent gains today, July 6, according to data from Coin360. All but one of the top ten coins on CoinMarketCap are seeing only minor fluctuations over the past 24 hours to press time.
Seattle-based cryptocurrency exchange Bittrex announced the upcoming launch of a new cryptocurrency exchange focusing on the European market. In partnership with Invest. com, the new exchange will open to European Union customers and operate under the Invest.
Seattle-based cryptocurrency exchange Bittrex announced the upcoming launch of a new cryptocurrency exchange focusing on the European market. In partnership with Invest. com, the new exchange will open to European Union customers and operate under the Invest.
The Association of Securities Firms (ASCO), Thailand are alleged to be planning the launch of a brand new cryptocurrency exchange in order to keep up with the demand for cryptocurrencies in Thailand, driven by research into retail interest and interest within cryptocurrency trading.
In the future, with the implementations of new custody solutions, the market may see an increased influx of big funds and capital, driving prices up. At the moment, this is one of the most important factors that could affect the virtual currency market in a positive way.
Bitcoin sits precariously perched at the bottom of the annual market low and many bitcoin investors aren’t sure what to make of it. Although the market seems to be continuing its drift to new lows with greater and greater ease, there are a couple of bullish signals worth considering while the market continues to consolidate: Figure 1: BTC-USD, Daily Candles, New Market LowOn Friday, June 29, 2018, for the first time this year, the daily candles closed below the annual low of $6,000s.
For interested game developers or enthusiasts, the mention of blockchain is a good concept that could finally see the disruption of the gaming industry to benefit them. While developers and gamers are facing challenges regarding payment processing, fraud and game item trading, blockchain is proving the ultimate solution in implementing new gaming technology. Right now, […]
Although we are yet to see confirmations, the fact that most alt coin prices as Litecoin, IOTA, EOS and to some degree Stellar Lumens are stable and trading within tight ranges means bear pressure is slowing down.
Ripple (XRP) is trading close to the bottom of a bullish channel. It is about to complete a cypher pattern in the weeks ahead. Just a completion of this cypher pattern will see Ripple (XRP) reach the bottom of this bullish channel at around $0.
Venezuela authorities are worried as they see hyperinflation driving bitcoin trading volumes beyond control. In the last week, the records have been astonishingly high, as trading in the ‘grey market’ financial trading continued to soar.
A sideways market has many bitcoin investors wondering if the downward volatility has finally subsided. As stated in our previous discussion of the bitcoin market, the $6,425 support level was a very important level to hold.
Tether Ltd. , which issues a stable coin allegedly tied to U. S. dollar reserves, claims it has hired Freeh Sporkin & Sullivan LLP — a law firm co-founded by FBI Director Louis Freeh — to confirm its bank deposits and assure investors that its cryptocurrency is backed by USD.
Cardano (ADA) is in the midst of a critical rebranding phase that could see the cryptocurrency’s price skyrocket in coming months.
Currently trading around $0. 164 USD (1), it might initially seem a bit hopeful that the cryptocurrency could reach close to $10 in just 18 months.
Bittrex, is one of the worlds leading cryptocurrency exchanges. With a market capitalisation of $36,883,136. 00 at the time of writing, it is clear to see the full scale of Bittrex’s size and dominance.
Новозеландская криптовалютная биржа Cryptopia сообщила о добавлении на платформу TokenPay (TPAY). Депозиты и снятие средств уже доступны пользователям, торговля начнется в течение ближайших 24 часов (3:00 UTC).
Within minutes of rumors spreading regarding the SEC’s classification of both bitcoin and ether, the entire crypto market breathed a sigh of relief as everyone enjoyed a nice bounce.
Coinbase dominated headlines across the space this week with a pair of significant developments. The San Francisco–based exchange announced on Monday, June 11, its intention to add Ethereum Classic to its trading platform and then quickly followed the news on Tuesday with the official opening of a crypto index fund.
Market visualization from Coin360 Bitcoin (BTC) has taken an over 11 percent negative hit, trading around $6,449 to press time, bringing its monthly losses to almost 25 percent. The leading cryptocurrency has now fallen below what some commentators consider to be an average BTC mining profitability threshold of $6,500. Aside from hardware costs, the local cost
It is not a surprise to see a cryptocurrency’s price shoot up when one of the exchange adds a trading pair or lists the coin itself on its platform. It is true the other way too at times, when an exchange is hacked or delists a currency, the prices have been observed to dip tremendously. […]
In the previous BTC-USD market analysis, we discussed a macro pattern forming, called a “symmetrical triangle. ” A symmetrical triangle (shown in red) is a directionally agnostic consolidation pattern.
South Korean cryptocurrency exchange Coinrail reported a hack on its website during the early morning hours of June 10, 2018. The thieves allegedly made off with over $40 million worth of altcoins and assorted tokens.
U. S. Securities and Exchange Commission (SEC) chairman Jay Clayton states that the SEC will not be bending the rules anytime soon when it comes to cryptocurrencies and that while bitcoin remains a commodity, all initial coin offering (ICO) tokens — or coins offered through a fundraising process — classify as securities.
A Texas federal court has rejected the U. S. Securities and Exchange Commission's recent rule expanding the definition of a securities dealer to include a wider swath of firms — including some in the cryptocurrency sector.
U.S. Rep. Maxine Waters (D-Calif.), the House Financial Services Committee's ranking Democrat, suggested in a Securities and Exchange Commission oversight hearing on Tuesday that she and the Republican chairman should finish a bill this year to regulate U.S. stablecoin issuers.
Amidst ongoing broader efforts to align the cryptocurrency space with the White House policies, Ripple Chief Executive Officer (CEO) Brad Garlinghouse has publicly criticized the United States Securities and Exchange Commission (SEC) chairman Gary Gensler, underscoring the tensions between the digital asset industry and government regulators.
The settlement bans Kwon and Terraform Labs from buying and selling crypto asset securities while agreeing to pay $4.5 billion in disgorgement, prejudgement interest, and civil penalties.
U.S. Securities and Exchange Commission Chair Gary Gensler said that the final approvals for exchange-traded funds (ETFs) trading Ethereum's ether {{ETH}} should be finished this summer, he told senators in a budget hearing on Thursday.