The bear market continued on Wednesday morning as the top cryptocurrencies saw losses that varied from the high single digits to double digits in cases. Bitcoin was the main catalyst for this slump as it tanked down by 8% to the $7,545 level on Bitfinex at around 0800CEST. Although there were indications that the cryptocurrency market seemed to have shaken off the bear cycle of the past two months, these recent developments have shown that this is not yet the Read more …
Key Highlights ETH price extended declines and broke the $440 and $426 support levels against the US Dollar. There are two key bearish trend lines formed with resistance at $429 and $442 on the hourly chart of ETH/USD (data feed via Kraken). The pair is in a major downtrend and it remains at a risk of more declines below $410 in the near term. Ethereum price declining sharply against the US Dollar and bitcoin. ETH/USD extended losses below $430 and Read more …
Featured Recently, we covered some of the most popular debit cards used for crypto payments and we’d like to tell you more about the cryptocurrencies they support. Most of these cards are issued by well-known names in the space, but a new project is now offering you fast and cheap transactions with BCH – a feature that makes the use of crypto cards much more attractive. Also read: Bitcoin (Almost) Everywhere: Bitcoin Debit Cards Worth Checking Out Fuzex Chooses BCH Read more …
Bitcoin’s bullish reversal appears to be in peril as bears unexpectedly rocked up and grabbed the bull by the horns. Is today’s pullback caused by current events or are fundamentals impacting Bitcoin price? Weekly Chart 4 Hour Chart Running bulls appear to be halted by bears as a lower high was notched on the weekly chart. A clear pattern of lower highs and lower lows can be seen on the 4-hour and hourly chart. Yesterday’s abrupt drop to $7,860 was followed by Read more …
CryptoGlobeJuly Google Trends Roundup: ETF Fever, Bitcoin vs. Beyoncé, Altcoins and ExchangesCryptoGlobeThe most revealing Google trend this month came in the dramatic increase in search interest for “Bitcoin ETFs" – – as can be seen in the title graph. With anticipation surrounding several bitcoin ETF proposals to the SEC (the US Securities and Exchange …Should I Buy Bitcoin Now?Cameron Bowen (press release) (blog)all 27 news articles » Source
Market Updates On Tuesday, July 31 a great majority of cryptocurrency prices dropped in value with many coins losing anywhere between 3-10 percent during the last 24-hours. Currently, with the sudden cryptocurrency market turbulence, bears have taken control of the exhausted bulls. In one intra-day of trading, the entire cryptocurrency market capitalization of all 1,600+ coins ($270Bn USD) has lost roughly $25Bn in value. Also Read: Bitcoin Cash Fans Celebrate Independence Day One Year Later Digital Asset Prices Turn Bearish as Read more …
Bitcoin Price Key Highlights Bitcoin price broke below its short-term triangle consolidation and rising channel to pave the way for a larger pullback. The Fibonacci retracement tool shows the potential support levels where buyers could be waiting. Price might also be forming a larger ascending channel on its 4-hour time frame as indicators still support an uptrend. Bitcoin price was unable to sustain the climb after previously consolidating, as a larger correction seems necessary. Technical Indicators Signals The 100 SMA Read more …
Key Points Bitcoin cash price tumbled sharply and broke the $800 support area against the US Dollar. There are two bearish trend lines formed with resistance at $770 and $810 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to extend the current decline below the $740 support level in the near term. Bitcoin cash price is under pressure below the $800 support against the US Dollar. BCH/USD is trading below $760 and Read more …
Nine banking giants are taking part in an app store trial for programs which are based on distributed ledger technology (DLT), further showcasing their interest towards the field and validating its merits. Financial News reported on July 27 that LedgerConnect, the lovechild project of foreign exchange processing giant CLS and tech mogul IBM, is in trials. Major banking giants are already lining up to test it out. Bridge Between New and Existing Technologies LedgerConnect attempts to provide a comprehensive platform in Read more …
Wallets With the vast amounts of money going around, it’s no surprise that the greater Bitcoin ecosystem is rife with scams, hacks and cyber attacks of all kinds. Operating in such an environment, cautious users are always mindful of their security and learn to avoid outrageous claims that are sometimes nothing more than just that. A recently released wallet was said to be “unhackable” by its promoters, including John McAfee, and this has naturally triggered security researchers. Also Read: Football Read more …
Bitcoin bears may be in the midst of taking an upper-hand. At press time, BTC is changing hands at $7,536 on Bitfinex, down 6.9 percent on the day, a figure that also finds the price breaking a key support level at $7,800. The world’s largest cryptocurrency by market capitalization has been largely confined to a narrow price range of $7,673–$7,800, since it broke $8,000 yesterday. However, mounting sell volume continues to apply downward pressure, presenting a bleak outlook for bulls looking to Read more …
A PwC Switzerland executive said that among the various types of digital asset, only digital currencies are can reasonably be used at present, according to a post on the PwC website July 31. In the post, Roland Stadler, Senior Manager and Data & Analytics Specialist at PwC Switzerland, claims that while digital assets “seem similar at first glance,” on closer inspection they differ. Stadler makes a distinction between “digital assets” and “currencies,” because “only a few” can be considered currencies Read more …