Crypto Market Update: Bitcoin Cash, EOS, Stellar (XLM), Tron (TRX) Price Analysis

Crypto Market Update: Bitcoin Cash, EOS, Stellar (XLM), Tron (TRX) Price Analysis The total crypto market cap is placed nicely above the $115.00B support level. Bitcoin cash is showing positive signs and it could recover above $130 and $132. EOS price is slowly moving higher towards $2.50, with a bullish angle. Stellar (XLM) is moving…

Binance Follows Major Cryptocurrency Exchanges With Launch of OTC Trading Desk

Binance Follows Major Cryptocurrency Exchanges With Launch of OTC Trading Desk Number-one ranked cryptocurrency exchange Binance has announced it had launched its over-the-counter (OTC) trading desks for larger transactions, according to a Jan. 23 blog post. The new tool, simply known as Binance OTC, offers services geared to users performing trades worth at least 20 BTC ($71,000). “Our OTC desk…

Crypto Analysts: Bitcoin Strong After ETF Mishap Is Sign Of Bottom

Crypto Analysts: Bitcoin Strong After ETF Mishap Is Sign Of Bottom Crypto’s worst nightmares came to life on Wednesday, as the U.S. Securities and Exchange Commission (SEC) revealed that the long-awaited Bitcoin (BTC) exchange-traded fund (ETF) from VanEck had lost steam. Interestingly, however, the value of cryptocurrencies barely budged. This simple bout of nonaction sparked…

UK Financial Regulator Releases Consultation Paper on Crypto

UK Financial Regulator Releases Consultation Paper on Crypto The United Kingdom’s financial regulator has published a consultation paper titled “Guidance on Cryptoassets” today, Jan. 23. The stated goal of the Financial Conduct Authority’s (FCA) paper on cryptocurrency is to provide more regulatory clarity on the subject for market participants. The consultation period on crypto, which the paper initiates, is scheduled to…

Novogratz: Billionaires Disappearing In China Presents A Bitcoin Bull Case

Novogratz: Billionaires Disappearing In China Presents A Bitcoin Bull Case The world’s your oyster. No, no it’s not. Since capitalism became the norm, every common Joe and Jill, whether confined to suburban sprawl or trapped in rural farmland, have had dreams of making it big in the world. However, for many, these vision of grandeur…

VCs are Expecting Crypto Market to Deliver Massively in 2019, Will Price Reflect it?

VCs are Expecting Crypto Market to Deliver Massively in 2019, Will Price Reflect it? To many onlookers, the crypto market is unpredictable as the weather. No one expected the jaw-dropping Bitcoin price rally in late-2017, nor what played out afterward. Yet, a recent quip from a leading cryptocurrency investor claims there may be an underlying…

Bitcoin’s Proof-of-Work Algorithm Needs Replacing, Argues BIS Study

Bitcoin’s Proof-of-Work Algorithm Needs Replacing, Argues BIS Study The proof-of-work (PoW) algorithm used by bitcoin and some other cryptocurrencies is not viable in the long-term and needs to be replaced, argues a new study from the Bank of International Settlements (BIS). BIS, considered to be the central bank of central banks, published a research report on Monday,…

Bitcoin Price Analysis: BTC Exposed, ETF Hopes Dimming?

Bitcoin Price Analysis: BTC Exposed, ETF Hopes Dimming? Bitcoin Price slide, potential support at $3,400 or 78.6 percent Fibonacci level SEC may not approve Bitcoin ETF Reaction at $3,700 important for bulls In the short-term, sellers seem to be in charge and yesterday’s drop below our immediate support at $3,700 may lead to reductions towards…

Ripple Price Analysis: XRP a “Stable”, Range-bound

Ripple Price Analysis: XRP a “Stable”, Range-bound Ripple Price is surprisingly ranging within a 6-cents zone. Bulls yet to break above the all-important resistance level at 40 cents Kuwait House Finance Adopts Ripple’s Technologies Bitrue avails four more trading pairs with XRP as base Although participants are raving about Ripple (XRP), prices are stable and…

Bitcoin (BTC) Price Watch: Bullish Correction Needed?

Bitcoin (BTC) Price Watch: Bullish Correction Needed? Bitcoin Price Key Highlights Bitcoin price continues to tread sideways in tight consolidation, and bulls might need to gather more energy on a correction. Applying the Fibonacci retracement tool shows the potential support zones where more buyers might be waiting. The flag or pennant still seems intact even…