Coin Market Cap
 

Bitcoin (BTC) Bottom May Not Be In But Bearish Resolve Damaged Beyond Repair

Bitcoin (BTC) does not seem to have bottomed yet. The price has just run into a trend line resistance and is expected to fall significantly in the days ahead. There may be some room for growth after an initial retracement but for now traders should lookout for a pull back before entering any long positions. Shorting BTC/USD at current levels is certainly not a good idea now that the bearish resolve has been damaged beyond repair. We will discuss in this analysis what that really means but first let us look at what Bitcoin (BTC) is really up to. The...

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Bitcoin In, Fiat Out? Tim Drapers Brave Prediction On Fiat Currencies

The American venture capital investor, Tim Draper has said that even though we are currently undergoing the crypto winter, that isn’t a reason to lose hope as he believes the time of fiat currencies will end in five years. Even when the cryptocurrency market is still going under a lot of pressure from the bear trend, there is still a lot of active supporters of the industry who have strong hopes that there is a bright future ahead for the market. Some of the bravest ideas have come from the billionaire investor, Tim Draper. Only Criminals will use Fiat Draper...

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SBI Holdings CEO: "XRP Is Probably The Number One Crypto Asset"

There is a new set of Ripple’s maximalists which seem to be coming out in the crypto space and they seem to have unlimited funds. The CEO of the Japanese financial organisation SBI Holdings has said that he is very bullish on Ripple’s native token XRP and wants to help it take over Bitcoin when it comes to market cap. Yoshitaka Kitao has been quoted saying that “because the fundamental value (of Bitcoin) is zero, it falls by 80% from the peak. This is rare in the stock market and others. It has been said from the long ago that...

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Was JP Morgan Behind Yesterday’s Bull Run?

Yesterday saw the price of Bitcoin take a big turn and a good one at that! The price of the leading cryptocurrency shot up past $3,900 but many enthusiasts were left wondering why Bitcoin suddenly surged, almost out of nowhere! Part of the reason for this random surge was down the announcement from JP Morgan that they will be launching its own JPM Coin cryptocurrency. Other leading cryptocurrencies, including Ethereum and EOS, experienced some great gains and built on the major market surge earlier this month. JP Morgan Chases decision to launch its own cryptocurrency comes under three years after...

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Bitcoin (BTC) Finally Climbs Past 50 Day MA To Resume Rally Towards $4,500

Bitcoin (BTC) has finally climbed past the 50 day moving average. Yesterday when Ethereum (ETH) was trading well above the 50 day moving average but BTC/USD faced a strong rejection at the 50 day MA, investors were worried as to what is Bitcoin (BTC) really up to. However, as many expected Ethereum (ETH) showed Bitcoin (BTC) the way and the price closed below the 50 day moving average after all. The price has now started a new day in the green and is trading around $3,800 eyeing a rally towards $4,500 which coincides with the 38.2% Fibonacci retracement level. The...

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