Archive | August 6, 2018

Starbucks Pro-Bitcoin but You Can’t Spend It in Stores Yet

Misleading reports following the Starbucks working partnership with the Bakkt ecosystem stated that Starbucks would be accepting Bitcoin in stores. While this is not on its agenda quite yet, the multinational corporation has expressed its support for helping customers exchange their cryptocurrencies for fiat to spend in its over 27,000 cafes. Partnership with Bakkt Starbucks is the flagship […]

Wall Street To Give Bitcoin Another Boost – Forbes

QuartzWall Street To Give Bitcoin Another BoostForbesWall Street is working on a new platform which will ease the trading, storing and spending digital assets. That’s bullish for Bitcoin and other cryptocurrencies. It will help them gain acceptance among investors, merchants, and consumers. Last week …Wall Street isn’t boosting bitcoinQuartzYou won’t be able to pay with bitcoin […]

Ripple Price Analysis: XRP/USD Broke Key Support at $0.4270

Key Highlights Ripple price failed to hold an important support at $0.4270 and declined against the US dollar. There is a new connecting bearish trend line formed with resistance at $0.4270 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may correct a few points, but the broken supports at… […]

Ethereum Price Analysis: ETH/USD Consolidating Above $400

Key Highlights ETH price remained in a tight range above the $400 support level against the US Dollar. Yesterday’s highlighted important bearish trend line is intact with resistance at $410 on the hourly chart of ETH/USD (data feed via Kraken). The pair has to move past $410 and the 100 hourly simple moving average to… […]

EOS, IOTA, Stellar Lumens, Tron, Litecoin Technical Analysis: Altcoins Waiting on Bitcoin (BTC)

As altcoins drag lower syncing with Bitcoin (BTC) drop, fundamentals and technical formations are clearly divergent. Yes, sellers are in charge and are even cancelling the last Stellar Lumens (XLM) bullish attempts of mid-July. However, while we are yet to see proper sell signal below key support lines in Litecoin (LTC), EOS and IOTA for… […]

Ethereum Classic (ETC) Price Watch: Steeper Climb Underway with Coinbase & Robinhood?

Ethereum Classic Price Key Highlights Ethereum Classic price got a big boost after Coinbase and Robinhood added the asset to their trading offerings. Price is trending higher inside an ascending channel on the 4-hour chart and is testing the resistance. A break past this channel top could pave the way for an even sharper rally,… […]

Bitcoin (BTC) Price Watch: Hovering at Make-or-Break Levels

Bitcoin Price Key Highlights Bitcoin price is still in correction territory as it hangs around the area of interest around $6,800 to $7,000. Several inflection points are in confluence on this area, and a bounce could allow the uptrend to resume. However, a break below this key level could mean a continuation of the longer-term… […]

Bitcoin Cash Price Analysis: BCH/USD’s Upsides Capped Near $710

Key Points Bitcoin cash price recovered slightly, but it failed to move past $718 against the US Dollar. There is a new connecting bearish trend line forming with resistance at $708 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may perhaps correct a few points, but upsides are likely… […]

For Wall Street, Bitcoin ETF Decision Could Answer ‘$1 Billion’ Question – CoinDesk

CoinDeskFor Wall Street, Bitcoin ETF Decision Could Answer ‘$1 Billion’ QuestionCoinDeskThat’s Gabor Gurbacs, director of digital asset strategy at New York-based investment management firm VanEck, the company has been making headlines of late for a proposed bitcoin exchange-traded fund (ETF). No lightweight in the arena, though, the …Three Points Of Difference Between Bitcoin ETFs And Commodity […]