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Bitcoin Post-Holiday Consolidation Opens Up New Opportunities for Altcoins

Bitcoin’s market capitalization has grown by 1.4% over the past 24 hours and now stands at $ 197.1 billion. Trading volume also rose to $ 17.2 billion (+ 26.6%). The weakness of the Bitcoin consolidation made it lose a bit of dominance, which now stands at 68.08%.Bitcoin (-0.16%) uninterrupted with growth over the weekend, but with fears among buyers, while Bitcoin SV, Litecoin and Bitcoin Cash has grown by 3.5% over the past 24 hours. Also a solid momentum: Binance Coin (+ 5-15%), Ethereum...

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Ethereum Price Analysis: ETH Back Above $130, Can 2019 Ends In Favor of The Bulls?

SummaryEthereum saw some brief stabilization this week after the cryptocurrency rebounded from $125 and broke above the resistance at $130.Against Bitcoin, ETH surged higher from the 0.017 BTC support as it trades at 0.018 BTC.Despite the recent price rebound, Ethereum has still lost a total of 10% over the past 30 days of trading.Key Support & Resistance LevelsETH/USDSupport:  $130, $128, $120, $118.Resistance: $145, $152, $160.ETH/BTC:Support: 0.0171 BTC, 0.0169 BTC, 0.0164...

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TRON Dump Coming? Justin Sun’s Announcement Has Traders Worried About Huge Price Drop

TRON founder hints at upcoming acquisition, which stands to benefit BitTorrent Token and TRX holders. But TRX holders express skepticism towards Sun’s optimistic claims. Now, the community fears the worst for the 33 billion TRX which is due to be released on New Year’s day. TRON’s Justin Sun repeated the trick that made him famous Monday, as he announced an upcoming announcement for BitTorrent Token holders.Justin Sun Announces Announcement Again Specifically, the TRON CEO hinted at an...

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Bitcoin Cash Attack Imminent? Unknown Miner Controls 70% of BCH Hashrate

Unknown miners currently account for 69.44% of the Bitcoin Cash hashrate. Established mining pools have disappeared completely. Others had their network influence cut in half. The same issue arose in April, when an unknown miner named Satoshi Nakamoto came close to controlling a majority of the BCH mining power. The Bitcoin Cash (BCH) network could be on the verge of a malicious attack after an unidentified mining pool assumed control of 70% of the blockchain’s hashrate.That’s according to...

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Peter Schiff is Right in One Thing: Bitcoin Became Uncorrelated Asset

Even though we can say that Bitcoin was one of the assets that grew almost 100% this year, it seems that Euro Pacific Capital CEO Peter Schiff doesn’t agree.In his tweet, Schiff pointed out that that Bitcoin is the only asset class that is not rallying at the moment.Bitcoin is not disappointing those who claim its true value is that it’s a non-correlated asset. Every asset class in the world is rallying into the end of the year except Bitcoin. Not sure what value this actually adds, but at...

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Elquirex Exchange Set to Expand With New Cryptocurrencies And Loyalty Program In 2020

[PRESS RELEASE]Elquirex brings forward an around the clock cryptocurrency exchange service. The platform is user-centric and simple to use. It doesn’t require any registrations or personal information as the process is supposedly free of all this hassle.Elquirex allows users to quickly switch up between different cryptocurrencies. There are several cryptocurrencies that users can opt to exchange, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), and...

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China is on the Way to Its First Blockchain ETF Approval

The application for the blockchain ETF was accepted by the CSRC on Tuesday, December 24. It was filed by Penghua Fund, an asset management company based in China’s Shenzhen city. While it is currently unclear how long is required before a response, the Chinese blockchain community seems to be carefully watching.First Blockchain ETF In ChinaThe product has been named the Penghua Shenzhen Stocks Blockchain ETF. Penghua intends for the ETF to track and mirror all blockchain firms with public...

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Ethereum’s Newest Hardfork, Muir Clacier, To Take Place On January 1st

The beginning of the new year will deliver a new hard fork for Ethereum, called Muir Glacier. Just a few weeks after the last one (Istanbul), the new fork should address the issues left from it and is supposed to happen on Wednesday, January 1st, 2020.Muir Glacier To Start 2020According to the official announcement from the company, Ethereum’s newest upgrade is called Muir Glacier and will take place at block number 9,200,000, which should be on January 1st, 2020. However, the date might...

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Bitcoin Price Analysis: After Another Rejection, Bulls Need a Little Push To End December In Green

There was some good news since our previous weekend price analysis, as Bitcoin returned to retesting the higher descending angle of the bearish triangle.However, yesterday we saw another fake-out when Bitcoin quickly turned down back under the confluence price area.A new weekend starts today, not a regular one since many traders are still on their vacation. The ones that are trading are not many, as the trading volume levels are close to the month’s low.The new week brings the usual Monday...

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Stellar Lumen (XLM) Price Shows Signs of Important Reversal

Stellar lumen price is currently consolidating above the $0.0450 support area against the US Dollar.XLM price might start a decent increase if it clears the $0.0480 and $0.0500 resistance levels.There is a key bearish trend line forming with resistance near $0.0465 on the 4-hours chart (data feed via Kraken).The pair seems to be forming a strong support base near $0.0450 and $0.0435.Stellar lumen price is sowing positive signs against the US Dollar, while bitcoin is climbing higher. XLM is...

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