Markets

Bitcoin cash price is trading above the key $192 support area against the US Dollar.The price is showing positive signs above the $200 pivot level.There is a major bullish trend line forming with support near $196 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is likely to surge if it clears the $210 and $215 resistance levels in the near term.Bitcoin cash price is facing a strong resistance near $215 against the US Dollar. BCH/USD could continue to climb unless...

Bitcoin price tumbles 4% to $6,900 on Thursday, the lowest since mid-December. Bitcoin is slowly bleeding while traditional assets like stocks and commodities continue to rise. Bitcoin trade volumes plummet at the start of 2020 as market participants remain on the sidelines. The price of bitcoin tumbled to fresh multi-week lows on Thursday, as the largest cryptocurrency continued to trade independently of broader market forces. The fresh dump came as central-bank liquidity fueled strong...

Ripple, the third-largest cryptocurrency by market cap, has announced that it will spend most of 2020 trying to build new partnerships with banks in Brazil and South America.Ripple Wants to Build Itself Up in South AmericaThe main goal is to make remittance payment capabilities stronger within the nation’s borders. Ripple began building up its presence in Brazil in mid-2019 and has already established relationships with several leading financial institutions including Bradesco, Santander and...

Alex Copenhagen decided to come back to his YT channel dedicated to crypto and bring a new life to it. He will be posting new videos about business, self-development, lifehacks, interviews with entrepreneurs and more. He said that losing $500,000 in 2019 taught him important life lessons.Alex is sharing his story in a short video, sending out the hope that his data will be valuable for lots of crypto-related folks. Copenhagen got into cryptocurrency space in around 2013 when Bitcoin was worth...

Ethereum, the decentralized computing platform behind the token, has been trying to extend its network for years with a series of upgrades that may eventually transform its Proof-of-work protocol into a staking network. The improvements took longer than expected, and some analysts doubt that this difficult technical achievement can be achieved. Besides, several new entrants to the sector have put pressure on Ethereum as an increasing number of developers are moving towards newer options.The...

Ethereum has seen a small 3% price increase over the past 7 days as it trades at the $130 level.Against BTC, ETH still is struggling to break above the resistance at 0.01820 BTC.Ethereum must break above $135 to turn bullish.Key Support & Resistance LevelsETH/USDSupport:  $128, $120, $118.Resistance: $133.50, $145, $152.ETH/BTC:Support: 0.0171 BTC, 0.0169 BTC, 0.0164 BTC.Resistance: 0.0179 BTC, 0.0184 BTC, 0.019 BTC.ETH/USD –  ETH Still Struggling To Break $133.50 Since our last analysis,...

One of the most anticipated events in 2020 is coming close. Bitcoin’s halving, that will slash the reward miners get for adding new blocks to the network, is about 4 months away. Given that it would likely decrease the demand of freshly minted bitcoins to the market, a lot of people think it would have a positive impact on the Bitcoin price. A prominent analyst, however, thinks that it might already be priced in.Bitcoin Halving Priced In CorrectlyThere is a serious and continuous debate going...

Litecoin price is currently declining and trading well below $44.00 against the US Dollar.LTC price is likely to continue lower below $41.00 and $40.00 in the near term.There was a break below a major bullish trend line with support near $41.30 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair might find support near $39.50 and start a fresh recovery above $42.00.Litecoin price is struggling to rise above key hurdles against the US Dollar, similar to bitcoin. LTC...

Despite the extremely positive last decade, Bitcoin has also received a lot of criticism and negativity. Such is the case with an economist from Lending Tree, calling it a pyramid scheme that has no real utility in the world. At the same time, a Chief Market Strategist noted that he actually owns five cryptocurrencies, but people need to be familiar with the possible risks.Bitcoin – A Pyramid Scheme?In a recent interview with Yahoo Finance, Lending Tree Chief Economist Tendayi Kapfidze spoke...

The Bitcoin bulls didn’t expect that this is how the new decade would start, but this is Bitcoin, always doing the unexpected.This might also be true regarding the current halving year. The Bitcoin halving event is anticipated to take place somewhere in the middle of May. The majority of the crypto community are eager to see the price “going to the moon,” however, as more traders expect X, then usually Y takes place.One thing we can say for sure is that 2020 going to be another volatile year...