Bitcoin is becoming a hedging instrument even against the rest of the cryptocurrency market. The largest cryptocurrency profited as much as 6 percent on Friday to close above $8,700. At the same time, other leading cryptocurrencies, such as Ethereum, Litecoin, and EOS, trended in negative territory. The massive contrast between the bitcoin and the rest of…
Bitcoin price is n a positive zone and recently climbed above the $8,500 level against the US Dollar. The price is gaining momentum and it seems like it could even trade towards the $8,800 level. There is a major bullish trend line forming with support near $8,500 on the hourly chart of the BTC/USD pair…
Bitcoin (BTC) expands, up 7.4 percent Capital flight from Italy could end up in Bitcoin By zeroing in and targeting personal saving accounts, Matteo Salvini, the Deputy Prime Minister of Italy, is inadvertently advertising Bitcoin. Resilient and thriving with an unpopular decision, BTC bulls are back. Ending the week strongly, prices are up 7.4 percent…
Link prices surge, up 38.4 percent The involvement of Google may cement ChainLink’s position Google’s interest is enough to propel Link’s prices to new highs. Consequently, ChainLink may end up dominating the Oracle market. Thanks to yesterday’s announcement, Link is up 38.4 percent. However, this appears to be the early stages of a possible mega…
Dash bulls in control, prices up 5.4 percent ChainLocks is an assurance of Dash security Before Evolution, the latest Dash upgrade introduces ChainLocks. It is a shield against the disastrous effects of a Majority Attack. Since the benefits of Evolution are massive and instills confidence, Dash prices responded. At the time of writing, it is…
Bitcoin price extended gains recently and broke the $8,100 and $8,200 resistances against the US Dollar. The price seems to be setting up for more gains above the $8,300 resistance area. There is a crucial bullish trend line forming with support near $8,140 on the hourly chart of the BTC/USD pair (data feed from Kraken).…
LEO surges, up 32 percent FOMO likely accelerating LEO demand The tokenization of BitFinex through the sale of LEO tokens was an opportunity for investors to draw maximum benefits from a liquid exchange. At the time of writing, LEO is up 32 percent week-to-date. LEO Price Analysis Fundamentals Desperate times call for desperate measures. That’s…
Bitcoin price broke to the upside and cleared the $7,950 and $8,000 barriers against the US Dollar. The price even broke the $8,200 resistance area and it is currently correcting lower. There is another major breakout pattern forming with resistance near $8,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…
ETH price started a strong upward move after it broke the key $250 resistance against the US Dollar. The price even broke the $255 and $260 resistance levels to move into a positive zone. There is a major bullish trend line forming with support near $252 on the hourly chart of ETH/USD (data feed via…
Bitcoin (BTC) adds 6.1 percent Ahead of next year’s halving, BTC is likely to inch higher Tone Vays, a Bitcoin supporter and a former Financial Analyst at JP Morgan, is edgy of the current uptrend. BTC is ranging, and prices aren’t steady above $8,000. That’s what’s visible in the daily chart. Therefore, unless otherwise there…