As the Bank of Japan tries in futile to reach their goal of a 2% inflation rate through monetary stimulus, new methods for lifting the economic constraints caused by deflation are being discussed. Japan may find that following in Sweden’s footsteps by abolishing cash may solve many of their economic problems. How Abolishing Cash Could End… […]
Archive | August 5, 2018
Key Highlights Ripple price is forming a solid support base near the $0.4270 level against the US dollar. There was a short-term break above a bearish trend line at $0.4320 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could move above $0.4370 to gain traction towards the $0.4500 level… […]
Key Highlights ETH price is holding the $400-402 support area and is currently consolidating against the US Dollar. There is a crucial bearish trend line in place with resistance at $412 on the hourly chart of ETH/USD (data feed via Kraken). The pair is facing many resistances on the upside near $412, $416 and $428… […]
Adoption news keeps flowing this week, from Wall Street to Australia, and now San Francisco. The United States largest cryptocurrency bank, Coinbase, announced it is expanding its commerce section to include Woo Commerce via a plugin downloadable from Github. It could be just what more online merchants need to get comfortable with cryptocurrency. Also read: […]
Cardano Price Highlights Cardano price recently broke below its ascending channel to signal that a reversal is underway. Price found support around 0.1200 and may need a correction before resuming the drop. Applying the Fibonacci retracement tool shows where more sellers might be waiting to join in. Cardano price could be in for a correction… […]
Bitcoin Price Key Highlights Bitcoin price is in the middle of a larger correction to the area of interest previously highlighted. If support holds, bitcoin could recover to the Fibonacci extension levels marked on the 4-hour time frame. Technical indicators appear to be suggesting that there’s still a chance for bulls to charge at these… […]
newsBTCBitcoin (BTC) Price Watch: Last Chance for Bulls?newsBTCBitcoin price took some hits after Starbucks clarified that it is not accepting bitcoin payments in stores, even after partnering with ICE for a digital platform called Bakkt. Traders could…
Key Points Bitcoin cash price found support near the $684 level and started a recovery against the US Dollar. There was a break above a short-term bearish trend line with resistance at $705 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair could continue to trade higher towards the next… […]
Three years since Coinbase pulled out from Wyoming, it is now returning to the Cowboy State after renewing its money transmitter license.
A cryptocurrency investor has brought a lawsuit against cryptocurrency exchange Okcoin regarding 38.748 BCH. The plaintiff accuses the exchange of failing to allow him to claim the Bitcoin Cash that were created following last year’s fork, to which the exchange allegedly responded that he had failed to claim the coins within an apparently undisclosed deadline. […]
Ethereum World News (blog)Bitcoin (BTC) Price Analysis: Will Sellers Return Here?Ethereum World News (blog)Bitcoin is still in a weak spot even as it broke to the upside of a short-term consolidation pattern. Price is currently testing the 38.2% Fibona…
CoindeskDon’t Expect New Bitcoin Price Highs in 2018CoindeskDespite an already six month cool-off period, for 2018 we see more sideways and downside potential in the bitcoin price due to sluggish retail demand, hesitation from institutions and a current market cap that seems too high relative to the activity …
newsBTCBitcoin (BTC) Technical Analysis: Star Bucks Yet To Accept Bitcoin PaymentsnewsBTCRegardless of all these strong fundamentals ranging from CoinBase custodial services to Star Buck “acceptance of Bitcoin” via International Exchange, Bitcoin (BTC) isn’t finding any support. As a matter of fact, it looks likely that sellers might drive …and more »
While bullish on bitcoin’s long-term prospects, an economist and investor heeds caution for more short-term price optimism.
Regardless of all these strong fundamentals ranging from CoinBase custodial services to Star Buck “acceptance of Bitcoin” via International Exchange, Bitcoin (BTC) isn’t finding any support. As a matter of fact, it looks likely that sellers might drive prices below $6,800 this week. Of course, when this happens, our long position would no longer hold…. […]