Bitcoin price finally broke the $4,000 barrier and traded towards $4,100 against the US Dollar. There was a break above a major bearish trend line with resistance at $3,830 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently consolidating gains and dips towards $4,000 and $3,920 remain supported.…
The cryptocurrency markets have been able to maintain their upwards momentum and Bitcoin has now broken above its resistance level that was previously set around $3,900. Bitcoin’s upwards move has sent the overall markets surging. Although Bitcoin is showing signs of increasing buying pressure, many altcoins have not yet been able to break above their resistance…
Following yesterday’s market surge most cryptocurrencies have continued to rise, and Bitcoin has now surged above $4,000. Whether or not the markets can extend their upwards momentum long-term is very important for reversing the persisting bear market. The past few months have been especially tumultuous for the markets with most cryptocurrencies setting fresh 2018 lows.…
In an unexpected turn of events, the official Fortnite merchandise store recently began to accept Monero (XMR) purchases through crypto-friendly payment service GloBee. That begs the million-dollar question — Is Epic Games, the creator of the aforementioned video game, enamored with cryptocurrencies, Bitcoin, blockchain technologies, and the like? A recent tweet from a member of…
Since Bitcoin volumes began to dissipate in late-2018, which came alongside price plunges, the crypto’s curious investors have sought to determine where the money has fled. For the longest time, it was assumed that over-the-counter (OTC) desks picked up where spot exchanges, namely Bitfinex and Coinbase, were slacking. Yet, a recent company update from Circle has touted…
Bitcoin (BTC) became all the rage in late-2017, as the crypto asset surged to all-time highs, backed by an influx of naive, but money-hungry retail investors. And while many have argued that the project is stronger than ever, specifically in terms of fundamental factors (not price), it has become ostensibly apparent that the hype train…
Key Points Bitcoin price failed to gain momentum above $3,900 and declined recently against the US Dollar. There is a major contracting triangle formed with support at $3,765 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is approaching the next significant break either above $3,850 or below $3,750. Bitcoin…
In a recent interview with Business Insider, legendary investor and analyst, Gary Shilling, explained why he won’t be investing in Bitcoin anytime soon, calling it a “Black Box.” Shilling’s comments are the latest in a long string of negative commentary from traditional investors regarding Bitcoin’s status as both a currency and an investment, with prominent investors like…
Following a period of choppy trading in the crypto markets, it now appears that the bulls have at least temporarily gained the upper hand over bears, causing multiple altcoins to surge. Ethereum is one altcoin that is performing quite well today, primarily because of its upcoming Constantinople fork. Although today’s positive price action in the…
A popular cryptocurrency recently made its way into the checkout payment option of a top-rated video game. And yes, it was not Bitcoin. Monero, a privacy-enabled offspring of the same technology that powers the Bitcoin payment protocol, can now be used to purchase gaming merchandise on Fortnite. The online video game, first released in 2017,…