Archive | February 6, 2018

Ripple Price Technical Analysis – XRP/USD Facing Barrier at $0.7250

Key Highlights Ripple price recovered nicely from the $0.5180 swing low against the US dollar. There was a break above yesterday’s highlighted crucial bearish trend line with resistance at $0.6100 on the hourly chart of the XRP/USD pair (data source from SimpleFx). The pair faced a major barrier on the upside near $0.7250 and is […]

Opinion divided over Bitcoin and digital money investment – BBC News

BBC NewsOpinion divided over Bitcoin and digital money investmentBBC NewsFor example Japan last year legalised [Bitcoin] as legal tender,” she said. However international opinion is divided, and the UK government is considering regulation of digital currencies because of fears they can be used for money laundering. Welsh …Bitcoin is bonkers right now. Here’s why you […]

Bitcoin Price Technical Analysis for 02/07/2018 – Another Trend within a Trend

Bitcoin Price Key Highlights Bitcoin price is trending lower on its 4-hour time frame but is bouncing off support. A pullback to the channel resistance could be underway, but there are also nearby inflection points. In particular, a descending trend line connects the highs since the start of the year and lines up with Fib […]

Bitcoin: Bullish Fundamental Truths – Seeking Alpha

Popular ScienceBitcoin: Bullish Fundamental TruthsSeeking AlphaBitcoin has yet to see major fund inflows from institutional investors as well as millennials entering their peak earnings years. Fundstrat’s Thomas Lee, former chief equity strategist at J.P. Morgan and the only sell-sider to publish crypto price …Bitcoin is bonkers right now. Here’s why you shouldn’t count it out.Popular […]

Altcoin Analysis: NEO, EOS, LTC, NEM and Lumens

There are several developments across most of these high cap altcoins hinting of price recovery. Of course that is dependent on price action and it shall come to pass if at all there will be a follow through of yesterday’s bullish pressure. Besides LTC, NEM looks likely to recovery after its 95% of its initial […]

Ethereum Price Technical Analysis – ETH/USD Struggling Near $780

Key Highlights ETH price after declining further, formed a low at $553 and started an upside recovery against the US Dollar. There is a major bearish trend line forming with resistance at $780 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is struggling to break the $780 resistance level and it […]

Music City to Lock in Bitcoin Legality in Tennessee

A Nashville lawmaker wants to ensure the future of cryptocurrency as a legal form of payment for the state of Tennessee. Legislator wants to ensure legal Bitcoin In a city famous for not only making country music stars but also for worthless contracts and payment disputes, Democratic Representative Jim Powell introduced a bill that will officially […]

Dignitaries, Pundits, and Bigwigs Reveal Their 2018 Crypto-Predictions

Bitcoin and cryptocurrency markets have been extremely bearish over the past six weeks straight, and many investors are waiting for the light at the end of the tunnel. Last year around this time we reported on a variety of cryptocurrency dignitaries, pundits, and bigwigs and they revealed to us that their outlook for 2017 was […]

Gold Wins, Bitcoin Loses – Bloomberg

BloombergGold Wins, Bitcoin LosesBloombergOh, Bitcoin. Your problem was never that you were too unpredictable. It was always that you weren’t unpredictable enough. Bitcoin was never really going to cut it as a true currency. Its astronomical volatility — which is a problem if you want …and more »

Bitcoin Cash Price Technical Analysis – BCH/USD Recovers Above $900

Key Points Bitcoin cash price declined as low as $748 and is currently recovering against the US Dollar. There was a break above a bearish trend line with resistance at $890 on the hourly chart of BCH/USD (data feed from SimpleFX). There is another bearish trend line on the upside with resistance at $1060 on […]

Bitcoin: why is it so male-dominated? – Financial Times

Financial TimesBitcoin: why is it so male-dominated?Financial TimesA decade older than my brother, I take some things for granted. I have a professional job, a degree, a credit card; he stays up later than me, knows the cool music and can travel for mo…

Bitcoin Price Analysis – Regulators warm to cryptocurrencies

Bitcoin (BTC) has continued to unwind and is now down almost 70% from the record high on December 17th. Cryptocurrencies as an asset class have followed suit. The combined market capitalization has dropped from highs over US$800 billion in December to …