Day: September 4, 2017

Hello and welcome to News BTC’s Market Outlook September 4. DASH/USD DASH rallied slightly during the day on Friday, but in general continues to be very quiet. We are near the $390 level, and I think it’s only a matter of time before we go to the $400 level. I think that pullbacks continue to be … Continue reading DASH/USD and LTC/USD Technical Analysis September 4 2017

The post DASH/USD and LTC/USD Technical Analysis September 4 2017 appeared first on NEWSBTC.

Just two days after achieving a historic high of over $5,000 on September 2, bitcoin’s price has plummeted to below $4,400.

Hello and welcome to News BTC’s Market Outlook September 4. ETH/USD  Ethereum was suspiciously quiet during the Friday session as the US dollar was very volatile. That being said, I think that the biggest concern right now is the $400 level above, and the potential resistance that a large number like that can cause. That being … Continue reading ETH/USD and ETH/BTC Technical Analysis September 4 2017

The post ETH/USD and ETH/BTC Technical Analysis September 4 2017 appeared first on NEWSBTC.

Hello and welcome to News BTC’s Market Outlook September 4. BTC/USD Bitcoin initially fell on Friday but fell to the $4680 level to find support. We did so and bounced significantly. Ultimately, I think that this market continues to be volatile, but I think that the uptrend is still very much in effect, and therefore I … Continue reading BTC/USD and BTC/JPY Technical Analysis September 4 2017

The post BTC/USD and BTC/JPY Technical Analysis September 4 2017 appeared first on NEWSBTC.

China is preparing to legislate and even potentially ban ICOs according to documents released this week.

Today looks like another very bleak day for the Bitcoin price. This also means altcoin prices will continue to drop quite a bit over the next few hours. Right now, we are looking at a 6.91% Bitcoin price decline over the past 24 hours. Although people are still buying Bitcoin, the price is slowly going down toward the $4,250 mark. It is possible will see a trend reversal later today, to say the least.

Bitcoin Price Keeps Dropping Even Further

It is never all that appealing to see the Bitcoin price drop further after a few days of downward momentum. Although a dip during the weekend is not surprising by any means, the momentum usually reverses during the first few days of next week. Today will not necessarily be one of these days,  as the downward momentum continues unabated. Right now, the Bitcoin price hovers around $4,340 and it looks like it may keep dropping for quite some time to come.

Price corrections are not uncommon in the world of cryptocurrency by any means. Everything that goes up in value pretty sharply will go through a rough patch sooner or later. For Bitcoin, that rough patch has been present for a few days now and it seems we are going to see a lower Bitcoin price in the coming hours. People looking to stock up on some additional BTC will be quite happy with this trend as it allows them to make some additional purchases in the coming hours.

Even though Bitcoin still shows a trading volume of over $2bn, it seems most of the trades are related to selling BTC right now. No one knows for sure if this trend will continue, as we have seen some trend reversals materialize over the past few weeks. Upward momentum is followed by a flash crash, whereas downward trends are followed by sharp price increases. Right now, Bitcoin seems to be caught between the two with no indication of what will happen next.

Bitfinex, HitBTC, and bitFlyer are still the largest exchanges by trading volume as we speak. Bitfinex has a strong lead over the rest, as it is the only trading platform with over $100m in Bitcoin trading volume right now. Eight out of the top 10 markets by volume related to fiat currency trading, which is good to see. Unfortunately, with so many people seemingly cashing out, these markets are driving the Bitcoin price down even further.

As one would expect, this negative Bitcoin price momentum is also affecting all other cryptocurrencies in the market right now. None of the main currencies show any positive gains over the past 24 hours, which is only to be expected. After all, altcoin prices are inherently linked to the Bitcoin price, even though some people would like to think otherwise. Now would be a good time for altcoins to shine, though, but it seems none of them are even remotely capable of doing so.

It is difficult to judge where the Bitcoin price will head next. It is evident the price can go a lot lower than it is right now,  yet it can bounce back toward $4,600 in a heartbeat as well. There are a lot of different opinions on what is causing this Bitcoin price momentum right now and how the markets will evolve in the coming days. It is evident a lot of people will be completely wrong in their predictions. All we can hope for is to see the Bitcoin price rebound sooner rather than later.

TEAM aims to build a universal “Contribution Graph”: a verified, distributed & immutable register of projects & who contributed to them. Such a system can answer the following question: Who contributed what, where? e.g. “Linus Torvalds created the Linux Kernel” or “Brian Chesky co-founded AirBnB in 2008”. Such a register can be of tremendous value … Continue reading TEAM ICO Launches: Blockchain Contribution Graph

The post TEAM ICO Launches: Blockchain Contribution Graph appeared first on NEWSBTC.

A newly announced startup is raising funds via an ICO to develop the world’s first decentralized search engine platform for products. Ahoolee, as the startup and the platform titled, is purely dedicated to online shopping worldwide. It proposes to collect and index from open sources, all while utilizing blockchain to confirm the authenticity of products. … Continue reading Ahoolee Announces ICO for World’s First Search Engine for Products

The post Ahoolee Announces ICO for World’s First Search Engine for Products appeared first on NEWSBTC.

How financial firms in the Netherlands are approaching blockchain, and how trends in the technology are shaping their work and progress.