Markets

Bitcoin price started declining after it failed to surpass the $7,380 resistance area against the US Dollar.The price is now trading well below the $7,300 pivot level and the 55 simple moving average (4-hours).There was a break below a connecting bullish trend line with support near $7,220 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could dive below the $7,060 support in the near term before a decent upward move.Bitcoin price is slowly moving lower towards the...

Bitcoin delivered investors the highest return on investment (ROI) of any security in any asset class in the 2010s. Jack Dorsey’s Square Crypto says, “This decade was just bitcoin warming up.” Here are four reasons to expect even more from bitcoin in the 2020s. Square Crypto, the bitcoin division of Twitter founder Jack Dorsey’s Square Payments, rang in the new decade with a prediction.Source: TwitterHere are four reasons why Square Crypto’s assessment holds true.Now why should you take any...

Former hedge fund manager Mike Novogratz is joining the ranks of Tim Draper, Charles Hoskinson and Ross Ulbricht and making some wild predictions about bitcoin’s price for the year 2020.Mike Novogratz: $12K for Bitcoin SoonIn a recent tweet, Novogratz commented that he thinks the world’s leading cryptocurrency by market cap will spike to $12,000 in the coming months. While $12K is certainly a fine number by most standards, it doesn’t quite garner attention or interest the way the predictions...

Bitcoin marked the end of 2019 at around $7,150, which is a notable increase of over 90% since January 1st.  Looking at the price on a smaller time frame, BTC has decreased by 1% in the last 24 hours and is currently trading at $7,190.Just yesterday, the largest cryptocurrency attempted to break the $7,400 resistance but to no avail. Part of the reason could be related to the CME price gap at around $7,300, and as it often happens, it was filled in less than 24 hours.If BTC is to increase, it...

SummaryXRP starts 2020 trapped within a narrow range between $0.20 and $0.1815.Against BTC, it is struggling to break above the crucial resistance at 2700 SAT.The cryptocurrency remains ranked in the 3rd place with a market cap of $8.39 billion.Key Support & Resistance LevelsXRP/USDSupport:  $0.181, $0.17, $0.167. Resistance: $0.19, $0.20, $0.212.XRP/BTC:Support: 2600 SAT, 2530 SAT, 2455 SAT.Resistance: 2750 SAT, 2900 SAT, 3000 SAT.XRP/USD –  When Will XRP Break This Present Range?The...

The Ethereum team will activate Muir Glacial hard fork on January 1 or 2. An update is important to defer the purported difficulty bomb by another 4 million blocks, and this will occur in block 9,200,000.Ethereum (ETH), the second-biggest computerized asset with a continuous market estimation of $14.5 billion, totally changed its benefit toward the end of the week and added up to $130.50 at the hour of composing. ETH/USD has lost over 2.5% over the most recent 24 hours and has stayed...

At the time of writing, BTC/USD was changing hands for $7,230.01, down about 2% in the last 24 hours and not changing since the start of the day. The cryptocurrency of the first choice is closed in the range with a moderate bearish bias before the New Year.Brokers and financial specialists will, in general, leave the space during significant occasions. Accordingly, low, slow action prompts low volumes and low liquidity. While the generally merry season in the business sectors is exhausting,...

It’s safe to say that Bitcoin, as well as the entire cryptocurrency market, were in for one wild ride in 2019. This is true in terms of price, but also for new developments, exciting events, important community positions, and so forth. A lot of people believe that 2019 was the preparation year for Bitcoin and other cryptocurrencies – the period during which digital assets could claim a higher ground and be more recognizable, especially for regulators across the world. And this is no doubt the...

With only a few hours left to the start of 2020, a recent market report from Santiment, a platform for accessing cryptocurrency data and insight, revealed that Saturdays proved to be the best days for Bitcoin in 2019 with Fridays being the worst. According to Santiment, they created a backtesting solution to calculate the daily average performance of any cryptocurrency, including Bitcoin, Ether, and other altcoins in the market. Bitcoin (BTC) 2019 Daily TrendFrom the chart above, Bitcoin had...

Just a quick update to yesterday’s extended Bitcoin update: Shortly after reaching the significant resistance of the month-old descending trend-line, as of yesterday, Bitcoin got rejected and rapidly lost momentum.Failing to hold the $7400 and breach the December descending trend-line (marked light green on the following daily chart), had sent Bitcoin below the next support level at $7200. As of writing these lines, Bitcoin is trading slightly above $7200.Part of the reason could be the...