Archive | April 24, 2018

Ripple Price Technical Analysis – XRP/USD Could Retest $0.80

Key Highlights Ripple price formed a short-term top at $0.9615 and started a downside correction against the US dollar. There was a break below a connecting bullish trend line with support at $0.8850 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is moving lower and it seems like it… […]

Ethereum Price Technical Analysis – ETH/USD Dips Remains Supported

Key Highlights ETH price corrected lower after trading as high as $712.43 against the US Dollar. Yesterday’s highlighted two key bullish trend lines with current support at $675 and $665 are intact on the hourly chart of ETH/USD (data feed via Kraken). The pair remains well supported on the downside and it could bounce back… […]

Bitcoin Cash Price Technical Analysis – Can BCH/USD Hold This?

Key Points Bitcoin cash price started a downside correction and traded towards $1,350 against the US Dollar. There is a crucial bullish trend line in place with support near $1,360 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair must hold the trend line support and $1,350 to remain in… […]

South Korean Gaming Giant Nexon Reported to have Acquired Bitstamp

Europe’s oldest cryptocurrency exchange is on the block and it looks like Nexon is going to be the buyer according to unknown sources who spoke to Business Insider. Gaming Giant Bids On Crypto Exchange South Korean based gaming behemoth Nexon is said to be acquiring Bitstamp, the worlds first cryptocurrency exchange for $350 million according to… […]

Bitcoin cash and coin burning: what does it mean?

The sharpest rise in Bitcoin Cash the past week coincided with the announcement on Twitter by one of the currency’s miners, Bitmain’s Antpool, that it was burning 12 percent of the coins it earned through mining.