Markets

Bitcoin options traders on a major bitcoin futures market are expecting the bitcoin price to keep cooling through June 2020.If their market consensus projections hold true, bitcoin’s price won’t be getting a boost from May 2020’s halving.On the bright side, bitcoin futures are pricing in a 4% probability of a new all time high price above $20,000 in June.Bitcoin futures traders are bundling up for a long crypto winter. According to Skew Analytics data, bitcoin futures markets project a less...

Place/Date: Poly World Trade Center Expo, Guangzhou, China - November 27th, 2019 at 9:40 pm UTC · 2 min read Contact: Lanches, Source: Guangdong Grandeur International Exhibition Group China’s smart home products users have spiraled to 60 million from 2017 to 2018, and by 2020 China’s smart home market will reach RMB 582 billion, as reported by ASKCI Consulting. In the past few years, a lot of China’s renowned high-tech companies have been investing in smart home development. With the...

Bitcoin price touches intraday high of $7,668 Wednesday. Earlier in the day, BTC/USD bottomed at $6,847.72, a six-month low. Cryptocurrency markets recover north of $200 billion. Bitcoin’s price reclaimed the $7,500 handle on Wednesday after plunging to its lowest level in over six months. BTC/USD Stages Relief Rally Wednesday’s roller coaster session saw bitcoin’s price breach $6,900 for the first time in over six months. The largest cryptocurrency would eventually find...

Institutional investors are pouring into bitcoin. Trading volume across top U.S.-regulated BTC futures markets is skyrocketing. Retail investors are losing interest in the pioneer cryptocurrency. The massive downturn that the cryptocurrency market experienced over the last week sent retail investors into “extreme fear,” according to the Crypto Fear and Greed Index (CFGI). Even Mark Dow, a former U.S. Treasury and International Monetary Fund economist, boasted on Twitter that bitcoin was...

XRP suffered a rough week as its price declined by 12%. The cryptocurrency attempts to recover, and it marked an increase of 1.69% over the past 24 hours to reach the current price of $0.2220The cryptocurrency has been trapped within a wide range between 3324 SAT and 3000 SAT against BTC in November 2019.XRP may be able to go higher as the technical indicators start to flatten out in oversold conditions.Key Support & Resistance LevelsXRP/USDSupport:  $0.215, $0.200, $0.185 Resistance:...

Matic Network, the platform working on solutions to the scalability issues of the Ethereum blockchain and using Plasma side chains and a Proof-of-Stake network, has announced its public incentivized staking testnet event Counter Stake is finally live.Counter Stake has arrived!Matic’s public incentivized staking testnet event is now officially live.We have released a detailed step-by-step guide on setting up your node. Over 3 million $MATIC tokens are to be shared among participants ?Read...

The past week has been anything but positive for the cryptographic industry. Ethereum, the second-largest market capitalization cryptographic asset, also recorded an 8% dump, marking a downward period for the market. Incidentally, the market fell just after the People’s Bank of China revealed that the central bank would close all local encryption centers.Speaking of Ethereum, despite the drop, ETH’s fees have increased by 21.6% over the past week. As observed in the main markets, the increase...

Place/Date: Bristol, United Kingdom - November 27th, 2019 at 4:56 pm UTC · 3 min read Contact: Saga, Source: Saga Monetary Technologies Limited Photo: Saga / FacebookSaga Monetary Technologies (Saga) is delighted to announce that its Saga token (SGA) will launch on Tuesday 10 December 2019. In advance of this, its full onboarding process is now open online. Compliant with the ERC-20 token standard and addressing key concerns regarding volatility, governance and regulatory compliance,...

SummaryTRON saw a 6% price increase over the past 24 hours. The cryptocurrency is close to entering the top 10 projects by market cap, as it’s currently occupying the 11th spot. The cryptocurrency is looking promising against BTC as it attempts to break October highs.TRX is poised for a leg up as the technical indicators suggest bearish pressure is fading.Key Support & Resistance LevelsTRX/USDSupport: $0.0136, $0.0125, $0.0118,.Resistance: $0.01580, $0.018, $0.020.TRX/BTC:Support: 200...

Over the past two days, the volatility surrounding the price of Bitcoin had calmed down a bit.Despite a little glitch to the downside, Bitcoin (BTC) is trading between $7000 and $7400 over the past 48 hours.The good news could be the formation of an inverse head and shoulders pattern, that if played out, can grant Bitcoin a decent short-term target around $8300.The pattern can be clearly seen on the following 4-hour chart, and it will play out in the case of a breakout of the $7400 neckline...