Markets

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...

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...