Markets

Only a few days ago, the price of Bitcoin plunged to $6,850 (Bitstamp) in a violent red candle. However, the bulls quickly took charge, and the price recovered to over $7,200 in the next few hours, and since then, the state of BTC has been ever healthier.The largest cryptocurrency is currently trading safely above $7,400, which is a 1.5% increase in the last 24 hours. This comes shortly after marking $7500 as the daily high, as of writing these lines. As CryptoPotato recently reported,...

Another alleged bitcoin expert is striking the industry with his lavish predictions for the currency’s price. Antoni Trenchev – the head of BTC lending platform Nexo.io – says that 2020 will be the year in which bitcoin hits approximately $50,000.Antoni Trenchev: BTC Is Quite the AssetEveryone has rushed forward with their bitcoin predictions, including convicted drug runner Ross Ulbricht, Ethereum co-founder Charles Hoskinson and venture capitalist Tim Draper, and by comparison, the...

Normalerweise tankt der Bitcoin im ersten Quartal des Jahres. Doch die Analysten sehen 2020 einen Bullenmarkt und den BTC-Preis auf dem Weg zur 9.000 US-Dollar Marke. Werden sie recht behalten?Bitcoin News: Bitcoin Rallye für Q1 2020 angekündigtIm Vergleich zu den Vorjahren legte der BTC im ersten Quartal häufig eine Bruchlandung hin – mit dem Höhepunkt 2018, als er über die Hälfte seines Preises einbüßen musste. Lediglich 2017 und 2019 ging es leicht bergauf. Traditionell ist Q2 für den BTC...

Most people enter the cryptocurrency market with the sole purpose of making profits by investing, trading, or hodling. This is quite understandable, and for them, prices are the most crucial factor. Furthermore, they can get into real in-depth details to notice some positive or negative changes in the last day, week, month, or even a year.One of the interesting things to consider is whether there is a correlation between the number of active addresses and the prices of different...

 AMF ( ‘Autorité des marchés financiers) is the authority for financial markets there granted ICO approval earlier this week. It gave the approval as conditional based on certain factors. The authority gave its approval based on certain conditions. These conditions tally with standard best practices the world over. It also demonstrates the need for simplistic rules for the activities within the cryptospace. The new rules are to ensure the security of the digital assets to be issued, effective...

Over the past days, the first ones of 2020, we received a reminder of the typical behavior of the Bitcoin price.As we pointed out about the trading volume, which was declining through the past week, we did get a considerable price action day (yesterday), recording the highest amount of volume of the past ten days.After breaking down the $7070 support mark, we saw a rapid drop to $6850. As stated before, the area of the next support level. This was maybe enough for Bitcoin, and together with...

Bitcoin and the alternative coins receive different acceptance from people: from a speculative tool for trading to an investment option, digital gold, etc. Yet, most of them have another, more meaningful purpose that is somehow neglected by the masses when they see only their coins’ prices.While most people are aware of the top digital assets and what they are supposed to do, let’s take a look at other, less-known cryptocurrencies and their usage in the real world, if any.Beginning With The...

It’s safe to say that the beginning of 2020 is everything one might have expected it to be on the cryptocurrency market: volatile. Just a few days after the New Year’s bell rang, Bitcoin went on a rollercoaster, dropping down to a low of $6,850, only to recover hours later, gaining upwards of $500 in the process. Interestingly enough, this move coincided with a significant political event. The US President, Donald Trump, ordered an airstrike against Baghdad’s airport. During this, the leader...

As expressed in the Reuters release, Ripple is getting ready to reveal the most recent Brazilian cooperation in mid-2020. Louise Antonio, overseeing chief of Ripple, said that uncomplicated Brazilian financial guidelines assume a principal role in the organization’s expansion in the nation. Ripple talks about XRP‘s utilization of transfers with banks and controllers.Besides Brazil, Ripple intends to extend to all the South American nations, for example, Chile, Peru, and Argentina.Ripple as of...

Bitcoin’s price went on a rollercoaster over the past week but still remains trapped beneath the December resistance at $7,686. The cryptocurrency fell below $7,000 to find support at $6,885. However, after reaching this level, Bitcoin bounced higher as it now trades around $7,319.If the bulls continue to drive Bitcoin higher and push it above $7,400, immediate resistance lies at $7,698 (bearish .382 Fib Retracement), $8,000 (100-days EMA), and $8,200 (200-days EMA). On the other hand, if the...