Markets

The Bitwise digital asset management is still very much interested in creating a Bitcoin exchange-traded fund (ETF). On Wednesday, the firm sent a new letter to the United States Securities and Exchange Commission (SEC), responding to the earlier published 112-page rejection letter it received from the SEC back in October.Published by the SEC on Friday, the new letter addressed the SEC’s manipulation fears. According to the SEC, one of the reasons the Bitcoin ETF could not be approved was the...

It’s a good start to the week as Bitcoin and the majority of altcoins have turned green in the crypto market rally. In the last 24-hours, the overall cryptocurrency market added $10 billion.Simultaneously, the BTC price has surged nearly 5% moving above $7600. Bitcoin is currently leading today’s market rally with Ethereum posting under 3% gains. Last week, Bitcoin was struggling to cross $7000 and instead went all down below $6600 levels.However, it quickly managed to cover its lost ground...

After a few days of trading sideways, Bitcoin’s price appears to be headed north. It was trading at around $7,100, and it surged to over $7,650 on Bitstamp before retracing slightly to the current level of approximately $7,500.Bitcoin marks a 4.6% increase at the moment. The interesting thing is that BTC’s dominance is also on the move. Currently standing at 68.9%, it’s obvious that Bitcoin claims a larger part of the market share as altcoins struggle to note any serious gains.Ethereum has...

One of the world’s leading crypto exchanges Coinbase is winding up the activity of Earn.com, blockchain startup it acquired in April last year. The exchange has decided this time to expand its Coinbase Earn program, and Earn.com may help in that. Earlier, the exchange promised it would completely integrate Earn.com into Coinbase’s operations while the startup’s existing business would continue. However, now Coinbase is going to close Earn.com. As the exchange has stated, it will now use...

Stellar lumen price started an upside correction from the $0.0420 support area against the US Dollar.XLM price is currently trading above $0.0450, but there are many hurdles near $0.0500.There is a significant bearish trend line forming with resistance near $0.0500 on the 4-hours chart (data feed via Kraken).The pair could restart its decline if it fails to stay above the $0.0450 support area.Stellar lumen price is slowly correcting higher against the US Dollar, while bitcoin is rallying. XLM...

The Bitcoin breakout came just hours after our previous price analysis about the fact that BTC is stuck inside a tight range for too long (and it doesn’t like to be in that situation).Those are our words that were written yesterday:“In the micro-level, we can identify a bullish triangle on the 4-hour timeframe; but anything can change. The only thing we predict is a huge move, which is likely to take place in the next 1-2 days.”Bitcoin broke above the bullish triangle at $7200, quickly...

Ripple price started an upside correction from the $0.1750 swing low against the US dollar.The price is trading above the $0.1900 level, but facing many hurdles near $0.2000There is a major bearish trend line forming with resistance near $0.2050 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).A clear break above $0.2000 and $0.2050 is needed for upside acceleration.Ripple price is trading below key hurdles near $0.2000 against the US Dollar. XRP price could either rally...

The cryptocurrency community is usually divided into three major camps when it comes down to potential ways to earn money.The first is inhabited by traders, believing that the best way to make profits is to take advantage of the volatility in the market by trading.The second comes in the form of long-term investors, also known as Hodlers. They believe in a cryptocurrency’s (usually Bitcoin’s) value and that it will increase notably over the years, so they don’t trade it – just hold it.The...

XRP rebounded at the $0.18 support this week but failed to climb above the resistance at $0.20.Against BTC, it is still on the bearish footing as the momentum lies with the sellers.The cryptocurrency remains the 3rd largest project with a total market cap value of $8.40 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: Bounces From...

The United States Securities and Exchange Commission (SEC) has decided to postpone the Wilshire Phoenix’s Bitcoin ETF proposal. According to a document released by the commission, they will continue putting the proposal under review. By February 26th, 2020, the SEC will approve or disapprove the rule changes that will determine the status of the ETF. This decision essentially puts in limbo the status of the ETF. It also indicates the cold feet that the SEC has towards new Bitcoin and other...