Markets

Cryptocurrency news keep coming hot for yet another week of interesting events as the altcoin market is seemingly waking up. However, the market is in no hurry to buy the news and it doesn’t appear that we will see another altcoin season any time soon.The last quarter of 2019 is ahead of us and it seems that we will sum up the year as a successful one for Bitcoin, which has recently stabilized around $10,000, given that no one predicted it earlier this year. Also, Bitcoin’s hash rate...

BitcoinWe saw an attempt to break through the $11,000 resistance but it failed and we came back to test the support at around $10,200. The entire market anticipates the convergence of the triangle and we also account for a possibility to retrace back to $9,200. Data shows that there are more sellers during this period but demand exists and it’s felt in the price. If the price remains above $10,000, this would be a positive sign going forward.EthereumAgainst the USD, we saw the completion of a...

The cryptocurrency market is more than a few years old now and is still waxing strong. Bitcoin, the first major decentralized digital asset was released back in 2009 and even though that’s about a decade ago, it might not be a very long time in the grand scheme of things.New innovation always comes with some skepticism and cryptocurrency is no different. With the crypto market, four main factors have been identified as the major factors stifling growth in the market. They are general...

Prolific Billionaire Jack Ma has stepped down as Chairman of Alibaba. After twenty years which has seen one of the biggest technology giants come from zero to hero, Ma has been one of the defining icons of the technology industry since the early days when no one thought that technology would be either this big or go this far in defining the human existence.He would remain on the board until the next Shareholders Annual General Meeting when it is expected that he will step down from the board...

The owner of office space company WeWork burned through $900m in the first six months of this year and documents filed with regulators reveal The We Company, valued at about $47bn, invested heavily in expansion. Because of these losses, SoftBank, the biggest external shareholder in WeWork, advised this property group to delay its hotly anticipated initial public offering.Just for reminder, WeWork’s parent company, the We Company, wants to raise between $3 and $4 billion in its flotation....

On Monday, September 9, Binance CEO Changpeng Zhao announced the official launch of Binance Futures. To get an early idea of the market before launch, Binance unveiled its crypto futures testnet last week. The futures testnet was available for a period of five days and launched on two platforms Futures A and Futures B.The two platforms were pitched against each other to see which one performs better. Binance’s own development team created the Futures A platform whereas Binance’s crypto...

Last week we wrote of how Telegram’s blockchain project, TON, has entered the last preparation stage before going live. The code for running a blockchain node was released on the test network and this (or the next) month is expected for the company to finally launch TON.However, it seems that the go-to marketplace for the new Gram tokens could be an emerging exchange with somewhat of 4,000 users.If it’s to believe Blackmoon Crypto, this small, Cayman Islands-registered exchange might be right...

Ethereum price started an upward move and climbed above the $175 resistance against the US Dollar.ETH price is currently consolidating above the $180 level and it could continue to rise.There was a break above a major bearish trend line with resistance near $175 on the 4-hours chart (data feed from Coinbase).The price could climb higher significantly and it may perhaps break the $185 and $190 resistances.Ethereum price is gaining bullish momentum above $175 against the US Dollar. ETH price...

Ripple price is forming a support base near the $0.2475 level against the US dollar.The price is currently struggling to surpass the key $0.2650 and $0.2660 resistance levels.There was a break above a major bearish trend line with resistance near $0.2615 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The price could start a solid upward move if it manages to break the $0.2650 and $0.2660 resistances.Ripple price is consolidating in broad range below $0.2650 against the US...

In the last analysis, we had mentioned the crucial descending trend-line, marked with yellow on the following daily chart. This line is ‘preventing’ Bitcoin from discovering new highs since June 26, when Bitcoin reached $13,880 as the 2019 high.The resisting line was tested for the fourth time, and as it seemed like a breakout is knocking, it turned to be a false one – producing a decent red candle on the daily, with a wick above the line. The hit was hard: Bitcoin plunged $700 in a matter of...