Hello and welcome to News BTC’s Market Outlook September 25. ETH/USD Ethereum markets initially tried to rally during the session on Friday but found enough resistance near the $270 level to turn around. Nonetheless, I think there is a significant amount of support down to at least the $240 level, so I’m looking for some type of bounce or an impulsive candle to start buying. Given enough time, I believe that Ethereum does turn around. ETH/BTC Ethereum went sideways against Bitcoin Read more …
Hello and welcome to News BTC’s Market Outlook September 25. BTC/USD Bitcoin slid slightly against the US dollar as the overall malaise in the market continues. Although we have fallen over the last couple of sessions, I still believe there is a significant amount of support just below, especially near the $3500 level. A breakdown below there would probably have the market looking for the $3400 level next, but I believe it’s only a matter of time before the buyers return. Read more …
Mining Russian media has conducted interviews with several representatives of the country’s bitcoin mining industry. The investigation has provided unique insights into an expansive industry that penetrates all levels of Russian society, ranging “from schoolchildren to pensioners”. Also Read: Russian Government Seeks Cryptocurrency Researchers, Will Pay 2.5 Million Rubles Dramatic GPU Shortages Earlier This Year Signify a Sharp Increase in Russian Crypto Mining Activities During 2017 2017’s cryptocurrency boom sparked widespread graphics card shortages globally, with the most Read more …
Key Highlights ETH price recovered well from the $250.73 low against the US Dollar, but facing sellers near $292. There is a new connecting bullish trend line forming with support at $282 on the hourly chart of ETH/USD (data feed via SimpleFX) was broken. The price has to break the $292 and $294 resistance levels to gain traction in the near term. Ethereum price has recovered well against the US Dollar and Bitcoin. ETH/USD buyers need to take the pair Read more …
Volatility seems to have slowed down across the main cryptocurrencies after last week’s series of negative coverage. Ethereum price have lost momentum and is mostly losing ground against USD despite an overall positive fundamental market outlook. Technical Points After testing briefly above the Ichimoku cloud the beginning of the week, the ETH/USD pair is now back inside the cloud under a bearish sentiment, with the Kijun line, Tenkan line and the Chiko line of the Ichimoku Kynko Hyo all heading Read more …
Key Highlights Ripple price traded below the $0.1700 support against the US Dollar before finding support. There is a bearish trend line forming with resistance near $0.1780 on the hourly chart of XRP/USD (data source from Kraken). The price has to break the $0.1780-0.1800 levels in order to move back into the bullish zone. Ripple price is trading with a slight bearish tone against the US Dollar and Bitcoin. XRP/USD has to clear $0.1800 to move back towards $0.2000. Ripple Read more …
Bitcoin Price Key Highlights Bitcoin price looks ready for more losses as a head and shoulders uptrend reversal pattern can be seen on the 1-hour chart. Price has yet to break below support around $3600 to signal that a selloff is in order. The chart pattern spans $3600 to $4100 so the resulting selloff could be of the same height. Bitcoin price is forming a head and shoulders reversal pattern on its short-term time frame, signaling that more losses are Read more …
Key Points Bitcoin cash price after trading towards the $400 level started consolidating against the US Dollar. There is a short-term contracting triangle pattern forming with resistance near $425 on the hourly chart of BCH/USD (data feed from Kraken). A break and close above $425-430 could take the price towards the $460 level. Bitcoin cash price is consolidating losses against the US Dollar. BCH/USD needs to gather pace to trade higher towards the $460 level. Bitcoin Cash Price Resistance During Read more …
The biggest argument against cryptocurrencies is that unlike fiat currencies, they do not have the backing of any government. As multiple rating downgrades show, government support isn’t what it used to be. Thumbs down to Britain Moody’s downgraded the credit rating of the United Kingdom from Aa1 to Aa2 on September 22, citing weakening public finances and calling into question the Government’s fiscal consolidation plans. The pound sterling, which had been slowly recovering following the Brexit debacle, promptly lost ground Read more …
Cajutel is looking to implement an infrastructure in West Africa for affordable, high-speed internet for the general population. [Note: This is a press release.] Bringing Internet to West Africa With most of the 1.7 million residents in West Africa not having a connection to the internet, Cajutel has decided to focus in this region before expanding globally. The lack of internet has negatively affected West Africa’s GDP per capita, literacy, as well as its human development index. Having this many Read more …
Russia-based eco-farming cooperative LavkaLavka made headlines in recent years amid sanctions put into place by President Vladimir Putin banning the import of a wide range of food and agricultural products in 2014. Now they are in the spotlight once again as they announce BioCoin – a blockchain based loyalty platform and cryptocurrency. [Note: This is a sponsored article.] What is LavkaLavka? LavkaLavka is a farming cooperative whose mission is to support local farmers while upholding the rules of fair trade, Read more …
Forbes Bitcoin Trades Sideways As Investors Look To ChinaForbesBitcoin prices have been trading sideways for the last few weeks, moving within a reasonably tight range as many investors wait to see what China's regulatory environment will look like going forward. The digital currency's price has primarily traded …Will Bitcoin Ruin Your Tax Return?TheStreet.comBitcoin investors should be taxed like any other investorThe Conversation AUBitcoin, blockchain and bubblesIndependent OnlineBitcoin News (press release) -The Merkle -Hackedall 24 news articles » Source