Bitcoin price shot 4% on Thursday to surpass $9800 levels along with a sudden spike in the Open Interest. The community is enthusiastic about the upcoming Bitcoin halving event, however, the coronavirus outbreak in China is severely hurting the region’s mining business.In the last three days since February 5, Bitcoin price has added over $500 to its price taking it closer to $10,000 levels. On Thursday, February 6, BTC price surged above $9800 with nearly 4% gains. Moreover, with this move,...
Read More »Litecoin (LTC) Price Analysis: Bulls Aiming $80 or Higher
Litecoin price is rising steadily and it is now trading above $70.00 against the US Dollar.LTC price traded to a new 2020 high at $73.99 and it remains in an uptrend towards $80.00.There is a crucial bullish trend line forming with support near $70.60 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to continue higher towards the $80.00 and $82.50 resistance levels in the near term.Litecoin price is trading in a strong uptrend above $70.00 against the US...
Read More »XRP Has Outperformed Bitcoin in 2020, Ripple CEO Answers Mike Novogratz on His Skepticism
Ripple CEO Brad Gralinghouse has lashed out at Novogratz’s comment on XRP. Galinghouse said that so far in 2020, XRP has successfully managed to outperform Bitcoin. He also pointed out some of Novogratz’s failed predictions from the past.Ripple‘s XRP cryptocurrency remains in the news after it jumped 20% in the last seven days with a sudden volume surge. XRP, the world’s third-largest cryptocurrency has been the talk of the town after its poor show in 2019.While almost all other top-ten...
Read More »Crypto Price Analysis February 5: BTC, ETH, XRP, BCH, LTC
A senior analyst at RoboForex shares his insights into the future scenarios for Bitcoin, Ethereum, XRP, Bitcoin Cash and Litecoin price movement.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.Digital assets continue testing their closest resistance levels. Bulls are increasing the pressure and there is a good chance to witness new rising impulses towards...
Read More »Ripple’s XRP Underperformance in 2020 Is Highly Likely, Says Mike Novogratz
While some experts are rather bullish about the performance of Ripple’s XRP in 2020, Mike Novogratz believes that the coin will underperform again this year.XRP’s underperformance in 2020 is likely. It is the world’s third-largest cryptocurrency by capitalization. But by this moment, it has failed to meet expectations. Many in the crypto space are even wondering if the cryptocurrency token deserves mention. The past few years have been harsh for XRP price. Some experts are laying blame on...
Read More »Ripple’s XRP Price Is Up as BitMEX Launches Perpetual Swaps against U.S. Dollar
Just recently BitMEX has launched XRPUSD swaps. At the very beginning Ripple’s XRP price hasn’t reacted, staying stable. However, now XRP seems to be climbing up.The third-largest cryptocurrency by market cap XRP is now supported for perpetual swaps with the United States Dollar on the crypto derivatives exchange, BitMEX. The XRP price at first failed to react positively. It stayed at the same level. However, now the situation has changed. The price seems to be climbing up. BitMEX confirmed...
Read More »Ripple and Intermex Partnership Targets Cross-border Payments Between U.S. and Mexico
Ripple has entered in a new partnership. Together with International Money Express, Inc. (Intermex) it will ensure faster cross-border payments between the U.S. and Mexico.Ripple, a blockchain company specializing in global payments announced on Feb. 4 that it has partnered with International Money Express, Inc. (Intermex), a company providing remittance services to Latin America and the Caribbean corridor. The partnership between Ripple and Intermex is another testament to the blockchain...
Read More »XRP Price Jumps More Than 10% with Sudden Volumes Surge, Breaks Its Downtrend Momentum
Ripple’s XRP has surprised the market and the investors as its price jumped 10% due to a sudden surge in trading volumes. With today’s move, the XRP price has gained 35% year-to-date.XRP that us actively used by Ripple in its solutions has witnessed a sudden inrush of volumes today gaining over 10%. Despite the majority of top-ten cryptocurrencies showing only minor movement, XRP has successfully broken its downtrend.At press time, the XRP price is 11.84% higher in the last 24 hours and is...
Read More »Bitcoin Dominance At 6-Month Low As Altcoins Stand Strong: Wednesday Crypto Market Watch
Most of the altcoins are trading in the green over the past 24 hours. Bitcoin, on the other hand, remains somewhat stagnant at around $9,200. Consequently, BTC’s dominance dropped to 64.5%, which is the lowest it has been since July 2019.Altcoins Compared To Bitcoin. Source: coin360.comThe sentiment within the community is shifting quickly, hinting at a possible new altcoin season. This was reaffirmed yesterday with two polls indicating that 50% of cryptocurrency traders hold mainly...
Read More »XRP Surges 11% As BitMEX Adds XRP/USD With 50x Leverage: Ripple Price Analysis
XRP witnessed a 10.7% surge in price over the past 24 hours as it breaks above the 200-days EMA to reach $0.277.XRP climbed above the 100-days EM, finding resistance at 3000 SAT against Bitcoin.The latest price hike could be attributed to BitMEX adding the XRP/USD perpetual contract to their platform.Key Support & Resistance LevelsXRP/USDSupport: $0.262, $0.255, $0.245.Resistance: $0.28, $0.289, $0.30.XRP/BTC:Support: 2900 SAT, 2850 SAT, 2710 SAT.Resistance: 3115 SAT, 3255 SAT, 3376...
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Ripple (XRP)
