Archive | August 1, 2017

DASH/USD and LTC/USD Technical Analysis Aug 2, 2017

Hello and welcome to News BTC’s Market Outlook Aug 2. DASH/USD DASH continues to be volatile, as we bounced during the session on Tuesday, but continue to find quite a bit of resistance above. Quite frankly, this market is probably a bit too volatile to be trading currently, but I would suspect that the $170 […]

ETH/USD and ETH/BTC Technical Analysis Aug 2, 2017

Hello and welcome to News BTC’s Market Outlook Aug 2. ETH/USD Ethereum rally during the day on Tuesday, using the $200 level as support. It now looks as if we are trying to break above the $225 level, and once we do we should continue towards the $250 level. There is a lot of noise […]

BTC/USD and BTC/JPY Technical Analysis Aug 2 , 2017

Hello and welcome to News BTC’s Market Outlook Aug 2. BTC/USD Bitcoin initially fell against the US dollar during Tuesday trading but found enough support at the $2600 level again to turn around and bounced significantly. When looking at the daily charts, it is easy to see that we are forming a bit of a […]

Ethereum Price Technical Analysis – ETH/USD Eyes Further Upsides

Key Highlights ETH price gained bullish momentum and traded towards $230 against the US Dollar. There is a connecting bullish trend line with support at $221 forming on the hourly chart of ETH/USD (data feed via SimpleFX). On the upside, a push above the recent high of $231.92 is needed for more gains. Ethereum price […]

Ethereum Classic Price Technical Analysis – ETC/USD Buy Dips

Key Highlights Ethereum classic price registered good gains and moved above the $14.00 resistance against the US Dollar. There was a break above a short-term bearish trend line with resistance near $13.80 on the hourly chart of ETC/USD (Data feed via Kraken). The price is now well above $14.00 and the 100 hourly simple moving […]

Creditbit Price Technical Analysis – CRB/BTC Declines Further

Key Highlights Creditbit price declined further and broke the last low of 0.000135BTC against Bitcoin. There is a steep bearish trend line forming with resistance near 0.000135BTC on the 7-day chart of CRB/BTC (data feed from Coinmarketcap). On the downside, the recent low of 0.000130BTC is providing support, but may be breached soon. Creditbit price […]

Fork Watch: Japanese Exchanges Embracing Bitcoin Cash Post-Fork

As Bitcoin Cash (BCC, BCH) blocks are being mined, all major Japanese exchanges are gearing up to credit their customers with the new cryptocurrency. A growing number of exchanges have already set a date to start trading Bitcoin Cash, while others are still in the planning stage. Also read: How Japanese Exchanges Prepares to Deal with […]

Opus Just Broke 100,000 Listeners, With $500K Raised So Far, Can They Take on Spotify?

Ethereum and other related blockchain technologies are shattering industries ranging from Finance to Computing. With executives in the FinTech industry scrambling to understand how Blockchain technologies work, are other industries safe from the disruptive nature of Blockchain? Music producer, Mark Papai is no stranger to the $50 billion a year music industry. As Papai said: “The greatest challenge I […]

Bitcoin splits, but clone off to slow start – Reuters

ReutersBitcoin splits, but clone off to slow startReutersNEW YORK (Reuters) – Bitcoin’s underlying software code was split on Tuesday, generating a new clone called “Bitcoin Cash,” but the new virtual currency got off to a slow start due to lackluster support for its network. The initiative was headed by a …and more »

BITCOIN EXCHANGE: Orders for bitcoin cash are ‘exploding’ – Business Insider

Business InsiderBITCOIN EXCHANGE: Orders for bitcoin cash are ‘exploding’Business InsiderNEW YORK – Sebastian Quinn-Watson has had more than 12 cups of coffee since he woke up around 24 hours ago. Quinn-Watson is a venture partner for a bitcoin exchange operator based in Australia. As such, he has had to stay wide awake to help the […]

Wait, Bitcoin Just Did What? – MIT Technology Review

MIT Technology ReviewWait, Bitcoin Just Did What?MIT Technology ReviewMiners are what make the Bitcoin world run. Their computers process the digital transactions people make using Bitcoin and add them to its cryptographic ledger, known as the blockchain. In return for this effort, miners are rewarded in bitcoins (see …Bitcoin might split again — here’s what […]