Investors are irresponsible if their portfolios have no exposure to bitcoin, according to Anthony Pompliano of Morgan Creek Digital Assets. The co-founder & partner said in his latest “Off the Chain” podcast that it makes sense for fund managers and investors to keep 1 to 5 percent of their capital in bitcoin. He explained that…
ETH price traded to a new monthly high close to $240 before correcting lower against the US Dollar. The price is currently holding an important support near the $222 and $224 levels. Yesterday’s highlighted important bullish trend line is active with support near $224 on the hourly chart of ETH/USD (data feed via Kraken). The…
The bitcoin dominance rate on Tuesday inched towards 70 percent for the first time since December 2017. At circa $217.91 billion, bitcoin’s market capitalization now covers 69.93 percent of the total cryptocurrency market. At its lowest, the world’s leading cryptocurrency was covering only 36.68 percent of the overall market in January 2018. Bitcoin Dominance Hits…
Bitcoin price extended gains above the $11,500 and $11,700 resistances against the US Dollar. The price is currently correcting lower after trading close to the $12,000 resistance. There is a connecting bullish trend line forming with support near $11,540 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains in…
The total crypto market cap extended its upside above the $300.0B resistance area. Bitcoin price rallied towards the $12,000 resistance and it is currently correcting lower. Binance coin (BNB) price seems to be consolidating above the $27.20 support area. Litecoin (LTC) price spiked above the $100.00 level, but it failed to stay above $100.00. BCH…
Ripple price traded higher recently above the $0.3250 resistance level against the US dollar. The price topped near the $0.3320 resistance and recently declined heavily below $0.3200. There is a connecting bullish trend line forming with support near $0.3160 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could either…
Bitcoin price rallied more than 8% and climbed towards $11,500 against the US Dollar. The price traded as high as $11,646 and it is currently correcting gains. There is a key bullish trend line forming with support near $10,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is trading…
There was a decent rise in bitcoin price above the $10,500 resistance level against the US Dollar. The price climbed higher and even broke the key $10,650 and $10,800 resistance levels. There is a major ascending channel forming with support at $10,700 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The…
While 2018 was most certainly a bear market for Bitcoin and crypto assets, 2019 has been mostly a bull market or at least the beginning stages of one. The latest in the growing list of signs the leading crypto asset by market cap is building a bullish foundation and will rise to new all-time highs,…
Tezos (XTZ) is proving to be a better near-term investment than bitcoin this week. The altcoin, accompanied by favorable fundamentals, has surged by 44 percent in the last four days as it looks to close the week at an even higher rate. As of 12:29 UTC, the XTZ/USD instrument was trading at 1.452, up 3.71…