Popular cryptocurrency exchange OKEx has launched a new options trading program for customers interested in digital currencies.OKEx Teaches How to Take Advantages of Price SwingsThe program is designed to help investors better understand issues such as hedge risks and volatility. They will also be trained on how best to take advantage of low prices so that they can add to their portfolios without delay.Volatility is a serious problem in the cryptocurrency space, but representatives of OKEx...
Read More »Turbulent Week For Bitcoin’s Price, Volatile Christmas Coming Up? The Weekly Market Update
December is almost over, and it’s safe to say that it has been action-packed. Over the past week, Bitcoin’s price went on a rollercoaster, dropping to a low of around $6,500 only to correct to approximately $7,200 where it currently trades, leaving many to question whether the bottom was already in. Looking at the bigger picture, however, one year ago, Bitcoin was trading at around $3,122, which means that it has managed to more than double its value.It’s worth noting that while the price was...
Read More »Blockchain Analyst Arianna Simpson Predicts Staking Market Centralization
According to Arianna Simpson, founder and managing partner at ASP, Binance just increased the heat on the staking market. It offers 0% staking fees for the XTZ fans, a week after Coinbase‘s announcement of XTZ support. This is the beginning of a staking war, where centralized players take operational costs on themselves and achieve brand recognition, new clients and centralization of the future market.1/ Coinbase adds automatic staking for XTZ, and less than a month later, Binance introduces...
Read More »Crypto Price Analysis & Overview December 20th: Bitcoin, Ethereum, Ripple, Litecoin, and Binance Coin.
BitcoinBitcoin went through a rollercoaster of price action this week. On Monday, the cryptocurrency started to fall, and it dropped by a total of 10% by Tuesday to reach a low of $6,430. However, after that, it rebounded higher, gaining a total of 15% to climb back above the $7,000 level and reach the current support of $7,125.If the buyers continue to drive the coin higher, an initial resistance is expected at $7,400. Above this, resistance lies at $7,686 (bearish .382 Fib Retracement), and...
Read More »Coin Floor Turns Its Back on Ethereum
Coin Floor – a cryptocurrency exchange licensed by the Financial Conduct Authority (FCA) in the United Kingdom – has announced that it will be turning its back on Ethereum – the world’s second largest cryptocurrency by market cap and the number one competitor to bitcoin – and removing it from its present list of available (and tradeable) cryptocurrencies.Coin Floor Says It Will Be a Bitcoin Only ExchangeAll ether-based listings will disappear starting on January third. The company says it...
Read More »Tron Price Analysis: TRX Struggling Heavily, Will It Reach The Lows Of December 2018?
Tron saw a sharp 25% price fall over the past month, causing it to drop into the $0.0129 level.The cryptocurrency is struggling against BTC after falling beneath a rising trend line in early December.Tron could rebound higher from here as the Stochastic RSI lines up for a bullish crossover signal.Key Support & Resistance LevelsTRX/USDSupport: $0.0121, $0.0112, $0.0101 Resistance: $0.014, $0.0162, $0.018.ETH/BTC:Support: 171 SAT, 162 SAT, 152 SAT.Resistance: 191 SAT, 200 SAT, 207...
Read More »Apprehension on Ethereum as ICO Investor Supposedly Moves 300,000 ETH
Yesterday’s article emphasized the extreme overselling of the market and, therefore, the high probability of the appearance of discount hunters. And they appeared.The news of the day is that of apprehension over Ethereum, as an ICO investor allegedly moves 300,000 ETH.The recent movement of funds from an early participant in the Ethereum ICO is causing some apprehension in the Ethereum market. Over the past few months, the account has transferred about 300,000 ETH to exchanges. A few days...
Read More »Bitcoin Price to Cross $20,000 in 2020, Says Blockchain Capital
It has been two years now that Bitcoin price hit its all-time high of $20,000 in December 2017. Since then it has been a tough ride for Bitcoin investors as the world’s largest cryptocurrency lost 80% of its value in 2018.In April 2019, the crypto market along with Bitcoin revived as the BTC price surged from $3500 levels to go above $13,500. This price surge brought some renewed optimism among crypto enthusiasts. However, Bitcoin has been again moving sideways facing downward pressure since...
Read More »PlusToken Dump Continues: $100 Million Worth Of Ethereum (ETH) Transferred Out Of PlusToken’s Wallet
The saga with one of the largest alleged scam projects in the cryptocurrency world continues. PlusToken’s officials were arrested several months ago, but a recent report shows that over $100 million worth of Ethereum was transferred from a company wallet to an unknown one.$100 In ETH Transferred From PlusTokenThe popular cryptocurrency monitoring resource, Whale Alert, recently caught a large transaction of 789,525 ETH worth over $105 million at the time. What’s conspicuous about it is that...
Read More »EOS Price Analysis: Primed For Bullish Reversal Above $2.50
EOS price is recovering nicely from the $2.149 monthly low against the US Dollar.The price is up around 10% and it even tested the main $2.500 resistance area.There is a crucial bearish trend line forming with resistance near $2.480 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair is likely to move into an uptrend if it settles above the $2.500 resistance area.EOS price is showing a lot of positive signs against the US Dollar, just like bitcoin. Still, the price...
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