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May 2018, Was It A Complete Crypto-Washout?

We have finally made it through May and into June, a new month that will inspire new optimism and no doubt, some new hope into investors and crypto-fanatics alike. Now we can take a moment to sit back and have a look through May, which fond memories should we keep hold of and which nightmares do we wish to forget? Overall, we started May in a bath of optimism, waist deep in climbing values and innovative ideas, yet, slowly, as we entered the mid-weeks, we saw this optimism disappear, into a sinking market, retracting all of the hard work April...

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When Ripple Shakes Off Bitcoin, XRP Will Reach The Moon

CEO of Ripple, Brad Garlinghouse has recently, in an interview with CNBC, said that he believes at present, the value of XRP and Bitcoin do correlate significantly, but, overall, once XRP can break out of this trend, he believes XRP will come into its own and truly perform as a standalone cryptocurrency. According to Garlinghouse: “There's a very high correlation between the price of XRP and the price of bitcoin, but ultimately these are independent open-sourced technologies, it's early, over time you'll see a more rational market and behaviours that reflect that." See the full report by CNBC for yourself,...

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Is Bitcoin (BTC) Out of The Woods Yet?

Bitcoin (BTC) is aggressively trading above $7,500 as of now which is confidence inspiring and definitely a good sign for long term. It has also formed higher highs and higher lows and the price action seems to be on the verge of a reversal. However, it may yet take some time. Currently, Bitcoin (BTC) is trading in a rising wedge with very low volume. The RSI is at overbought levels on the 1H chart. This means that the price will likely break below the falling wedge to retest previous levels. The bearish voices calling for a $2,000 or $3,000 Bitcoin...

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Bitcoin Tops $7,500, Here’s What This Could Mean

For the first time in a number of days, Bitcoin has finally reached $7,500.00. This is most significant when you consider that very recently, we had to deal with the fact Bitcoin came very close to breaching below $7,000.00, last time this happened we saw an extended period of resistance that in turn crippled the markets. By remaining steadily above $7,500.00, we can expect that, if, a market surge or bull run does take off, Bitcoin will see a jump past $8,000.00 with ease. Throughout the day, we have seen Bitcoin sustain around figures of $7,450.00 plus, which means that...

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Markets See A Change In Direction As Values Shoot Up

We are finally observing an exciting change within the markets today. After weeks of despair and decline, the majority of cryptocurrencies have seen a stoop in value that in turn, have knocked the optimism out of many investors. As the bears have taken over, significant values have been surpassed giving many people reason for concern. Of course, we all knew this decline would be temporary, although many expected it to continue through the start of June. Thankfully though, just as we say goodbye to May, the markets are now starting to gain upward momentum. Could June be the month for...

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