Bitcoin price is currently rising and trading nicely above the $8,000 resistance against the US Dollar.The price gained pace above the $8,150 level and the 55 simple moving average (4-hours).There was a break above a major bearish trend line with resistance near $7,340 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair remains well bid and it is likely to continue higher towards the $8,800 level.Bitcoin price is trading in a nice uptrend above $8,000 against the US...
Read More »Court Rejects SEC’s Attempt to Obtain Telegram’s Full Gram Token Sale Bank Records
It has become known that Judge P. Kevin Castel taken a decision to deny without prejudice SEC’s letter which was aimed at revealing the full bank records of Telegram. To deal with this issue the court chose a variant of having a phone call with the participation of all the parties of this dispute.The dispute has arisen as the SEC tries to insist that the Gram token sale that was held by Telegram and that brought the company approximately $1,7 billion from investors was an unregistered...
Read More »Ripple Is Firing on All Cylinders; Spikes Nearly 11 Percent
Bitcoin may be experiencing a bullish reversal at the time of writing, but the currency that’s really putting all its peers to shame is Ripple (XRP).Ripple Is Moving Faster Than Other CoinsRipple is the third-largest cryptocurrency in the world. Recently valued at over $10 billion thanks to a new $200 million funding round, Ripple has set the stage for remittance payments, and claims it can move money faster than both bitcoin and payment platforms like SWIFT.At press time, the currency has...
Read More »Japanese SBI and GMO to Mine Bitcoin at Texas Crypto Mining Farm
The Japanese financial giant SBI Holdings Inc. and internet corporation GMO Internet Group will mine the number one crypto. To mine Bitcoin, SBI and GMO will rent capacity of the world’s leading mining farm based in Rockdale, Texas. As Bloomberg has reported, the companies have agreed with Whinstone Inc., a subsidiary of Frankfurt-based Northern Bitcoin AG. Neither SBI nor GMO has commented on the announcement yet, but those familiar with the matter said that mining begins ‘within the coming...
Read More »Moving On Up: Bitcoin Jumps Past $7,500
Bitcoin is continuing its bullish price run and is now trading above the $7,500 mark.Bitcoin Is Still on a RollThe currency has been gaining steam a little at a time – usually $100 here, followed by $100 there. Bitcoin initially ended last week at roughly $7,300 but has gained $200 from there.This goes back to the argument we reiterated in yesterday’s piece. The way for BTC to get ahead is through a slow and steady pattern; not all at once. The latter method was already utilized and witnessed...
Read More »John McAfee Walks Back on Previous BTC Prediction
John McAfee – the ever-controversial figure responsible for bringing one of the world’s leading antivirus platforms to fruition – has admitted that his whole push for bitcoin to reach $1 million was simply a tactic to move the cryptocurrency into mainstream territory, though he now thinks stronger and more efficient digital currencies will replace it.McAfee Says the Whole Thing Was an ActMcAfee has been saying for nearly three years that bitcoin was likely to reach the $1 million mark by the...
Read More »Bitcoin Rally Unclear while Faltering at $8000, Mining Hash Rate at All-Time High
BTC/USD is currently trading at $7,861 (+1.4% from the beginning of the day). The crypto is in motion as part of a vigorous bull trend in Asia amid growing volatility and a tested zone past the $8,000 price level.As Bitcoin halving approaches, several market analysts are trying to project how this will influence the price, while in some other forecasts, an analyst said that dominance in the Bitcoin market may not surpass 75%, and price recovery may be limited to $15,000.The Bitcoin sphere...
Read More »Tron (TRX) Price Analysis: Bulls Eyeing Crucial Upside Break
Tron price is rising and trading above the $0.0140 resistance level against the US Dollar.TRX price is currently trading near a key resistance area at $0.0148.There is an ascending channel in place with resistance support near $0.0141 on the 4-hours chart (data feed via Bitfinex).The bulls are likely eyeing a clear break above the $0.0148 and $0.0150 resistance levels.TRON price is showing a lot of positive signs against the US Dollar, similar to bitcoin. TRX price must climb above $0.0150 to...
Read More »Ethereum Price Analysis: ETH Gaining Traction, Dips Supported
Ethereum price is gaining bullish momentum above the $140 resistance against the US Dollar.ETH price is likely to continue higher towards the $150, $152 and $155 levels.There was a break above a key contracting triangle with resistance near $134 on the 4-hours chart (data feed from Coinbase).The price could correct lower, but dips remain well supported in the near term.Ethereum price is trading in a bullish zone against the US Dollar. ETH/USD is likely to accelerate further if it breaks the...
Read More »Stock Market Crashes in the U.S., Analysts Predict Dow Jones Crisis
Many market participants were talking about the grand crash possible in the Q1 2020. And now it looks like the disaster is slowly entering the room.The stock market is crashing on Monday, opening with a 136 points drop. Apple and Microsoft were saving the situation at the end of the year, but the overall picture now is not so good. The trading issues between the U.S. and China, as well as the recent actions of President Donald Trump against Iran, seem to add uncertainty to both local and...
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