Markets

The new year is here and it started off kicking. Bitcoin went on a rollercoaster, dropping to a low of $6,850 only to surge back up to $8,000 days later. As it’s almost always the case, the cryptocurrency market followed. Looking at how January turned out for altcoins throughout the past 4 years, it’s safe to say that it acted as a catalyst to both bullish and bearish markets. It’s interesting to see whether 2020 will ignite a new altcoin season. So far it seems that this is where it’s headed...

Tron price is rising and trading above the $0.0140 resistance level against the US Dollar.TRX price is currently trading near a key resistance area at $0.0148.There is an ascending channel in place with resistance support near $0.0141 on the 4-hours chart (data feed via Bitfinex).The bulls are likely eyeing a clear break above the $0.0148 and $0.0150 resistance levels.TRON price is showing a lot of positive signs against the US Dollar, similar to bitcoin. TRX price must climb above $0.0150 to...

Bitcoin is on the move again, heading north. The largest cryptocurrency is recording impressive gains over the last 24 hours, and it even touched $8,000 before retracing to the current level of $7,900.Just yesterday, BTC was trading around $7,300, and, in a few positive candles, surged with almost 10%. However, as Cryptopotato reported, the $8,000 mark served as a significant resistance line, which also contains the 100-days moving average, and BTC couldn’t break it, yet.BTCUSD 4h Bitstamp....

Ethereum price is gaining bullish momentum above the $140 resistance against the US Dollar.ETH price is likely to continue higher towards the $150, $152 and $155 levels.There was a break above a key contracting triangle with resistance near $134 on the 4-hours chart (data feed from Coinbase).The price could correct lower, but dips remain well supported in the near term.Ethereum price is trading in a bullish zone against the US Dollar. ETH/USD is likely to accelerate further if it breaks the...

Many market participants were talking about the grand crash possible in the Q1 2020. And now it looks like the disaster is slowly entering the room.The stock market is crashing on Monday, opening with a 136 points drop. Apple and Microsoft were saving the situation at the end of the year, but the overall picture now is not so good. The trading issues between the U.S. and China, as well as the recent actions of President Donald Trump against Iran, seem to add uncertainty to both local and...

The XRP price climbed 14%, making it the second-highest gainer in the market cap top hundred. The unexpected surge coincided with a healthy yearly report, and the news that Ripple investment Moneygram achieved record transaction growth. XRP coin price returns to early December levels. Editor’s note (01/08/2020): The article has been updated for clarity.The XRP price jumped 14% on Monday, coinciding with the news that Moneygram had just achieved record online transaction growth.Moneygram’s...

Bitcoin has had something of a shaky start in 2020, but the currency has managed to remain above the $7,000 line, which is always a good thing.Bitcoin Trading Volume Isn’t High EnoughAccording to one source, however, cryptocurrency enthusiasts and analysts are focusing too much on the movement of the price and not enough on the daily doings that occur behind closed doors. It points out that bitcoin volumes are as low as they were in April of last year, which could lead to an increase in...

At the time of writing, bitcoin – the number one cryptocurrency by market cap – is trading above $7,400, which is the highest it’s been in the new year and the highest it’s been in a while.Things Are Both Shaky and Stable for BitcoinTo say things have gotten off to a rocky start for bitcoin in 2020 would be a bit of an understatement. While the currency did begin above $7,000, enthusiasts and traders everywhere got a bit of a scare when two days later, the currency fell into the $6,000 range...

So far, the new decade is in favor of Bitcoin’s Bulls. Following the break-out from two days ago, the price finally managed to get over the $7300 – $7400 resistance area, while setting a new 2-week high at $7600 (Bitstamp), as of writing these lines.While the global stock markets are seeing heavy red, Bitcoin is enjoying the war talks between the US and Iran, following the death of General Soleimani by the US.As can be seen on the following 4-hour chart, over the past days Bitcoin had been...

Recently, the crypto community has been observing the rapid growth of Bitcoin prices. Besides, gold is also enjoying a price increase. As Galaxy Digital CEO and founder Mike Novogratz believes, this good performance is a result of the U.S.-Iranian conflict. At the very beginning of 2020, the U.S.-Iranian conflict escalated. As a result, fears of a new war raised. The current political uncertainty has led to Bitcoin surging by more than five percent several hours after the U.S. airstrike...