Archive | price

Ethereum Classic Price Technical Analysis – ETC/USD Steadies Above $30

Key Highlights Ethereum classic price is in a decent uptrend and is placed nicely above the $30.00 level against the US Dollar. There is a major ascending channel forming with support at $30.00 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair might continue to rise in the near term […]

Ethereum Price Technical Analysis – ETH/USD To Rise Further

Key Highlights ETH price made a nice upside move and traded above the $720 resistance against the US Dollar. There are two important bullish trend lines forming with support at $685 on the hourly chart of ETH/USD (data feed via SimpleFX). On the upside, a break above the $735 level would open the doors for […]

The Cryptocurrency Market Cap Surpasses Half a Trillion Dollars

The combined market valuation of every cryptocurrency in the market has recently surpassed $500 billion or half a trillion dollars, because of the strong performance of bitcoin, Ethereum, and Litecoin. The combined crypto asset market cap has breached $500 Billion pic.twitter.com/v23p2uF86S — Jameson Lopp (@lopp) December 12, 2017 Since earlier this week, the price of […]

Ethereum Price Technical Analysis – ETH/USD Upside Drift

Key Highlights ETH price surged above the $640 level recently and traded to a new all-time high at $653 against the US Dollar. A monster connecting trend line with resistance near $650-660 is preventing gains on the hourly chart of ETH/USD (data feed via SimpleFX). On the downside, there is a bullish trend line with […]

Can Price of RaiBlocks Reach $2.00 Amidst Exchange Attacks?

Of all cryptocurrencies, RaiBlocks boasts perhaps the most exciting chart to look at currently. The coin has experienced a massive surge, appreciating almost 10 times in USD since the start of December and over 50 times since the Summer. However, with the two exchanges where it is majorly traded on down, will the surge continue from its […]

Ethereum Classic Price Technical Analysis – ETC/USD Remains Buy

Key Highlights Ethereum classic price is moving nicely above the $26.00 support level against the US Dollar. There is a crucial contracting triangle forming with support at $26.50 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair might soon make the next move and will most likely break the $28.00 […]

Ethereum Price Technical Analysis – ETH/USD Surges to New All-time High

Key Highlights ETH price spikes higher and breaks the $500 and $515 resistance levels against the US Dollar. There was a break above a major contracting triangle with resistance at $470 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is currently unstoppable and it might soon blast towards the $550 level. […]

Investors are Selling Gold to Invest in Bitcoin, Key to Multi Trillion Dollar Market Cap

According to ACG Analytics US macro strategy head Larry McDonald, investors have begun to sell gold to invest in bitcoin through the newly launched bitcoin futures exchange of the Chicago Board Options Exchange (CBOE). Bitcoin is Penetrating into the Gold Market Since September, the value of gold miners ETF (GDX), the largest gold exchange-traded fund […]

Bitcoin Up After CME Futures Launch

The general consensus throughout the Bitcoin community in anticipation of the launch of Bitcoin futures was one of uneasiness and uncertainty. Many individuals announced they were selling Bitcoin prior to Chicago Mercantile Exchange’s Bitcoin futures trading launch today, and many technical and fundamental analysts alike expected a sizable drop in response to this Bitcoin milestone. […]

Ethereum Price Weekly Analysis – ETH/USD Uptrend Intact

Key Highlights ETH price rushed towards the $495-500 resistance recently where it faced sellers against the US Dollar. There is a major bullish trend line forming with support near $408 on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair might continue to move lower, but it remains supported on the downside near […]

Ethereum Price Technical Analysis – ETH/USD’s Bearish Path

Key Highlights ETH price declined further and followed a short-term bearish path below $445 against the US Dollar. There are two bearish trend lines forming with resistance at $428 and $442 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair might correct towards $440-442 in the near term, but could face sellers. […]

Legendary Trader Expects Bitcoin Price to Hit $14,000 in 2018, Analysts Argue it Will be Faster

Peter Brandt, a highly respected and experienced trader, believes the bitcoin price could surge up to $14,000 in 2018. However, the majority of analysts in the cryptocurrency space see the price of bitcoin surging beyond $40,000. Bitcoin Heading Towards $18,000 Over the past month, the price of bitcoin has increased from around $7,000 to $12,500, […]

Bitcoin May be Significantly Undervalued, as 3.79 Million of Supply is Not Spendable

3.79 million bitcoin is estimated to be lost permanently on the public blockchain. Given that nearly 20% of its supply is unspendable, bitcoin is currently undervalued. At the time of reporting, the market valuation of bitcoin is at around $196 billion. The price of bitcoin is calculated by dividing the market cap with its circulating […]