Bitcoin still Consolidating, but Monero and Nano Looking for Growth

Key Takeaways BTC still ranging, testing support indicative of buyer exhaustion. Monero seeks to develop a bullish market structure. Nano has broken out of the 3-month range. BTC/USD Daily 1 BTC/USD Hourly 4 Bitcoin has been ranging for 2 weeks between the $9k and $9.4k mark. It has struggled to remain above or below this range multiple times, and now bears are taking another shot at breaking the lower support line at $9k. If this support level breaks, Bitcoin will…

How Bitcoin (BTC) Shape up the Current Geopolitical Issues

Bitcoin is the revolutionary concept that is about to change how we understand and deal with finances forever. Since its release in 2009, the best-known cryptocurrency has taken the world by storm. It delivers an alternative to fiat money, quicker bank transfers, and countless possibilities of development for blockchain-based digital assets. Many see Bitcoin as the next best thing since the invention of the internet. Like the world wide web, its influence might surpass the financial system's borders and shape…

Bitcoin on the rise and China gets behind blockchain technology

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary ● The Crypto Market ends the week at a total market capitalization of $247 billion. ● Bitcoin price recovers from last week’s slump and nears the $10,000 mark. ● Ethereum continues its upward journey beyond the $180 threshold. ● Ripple rests on the sidelines patiently waiting for next week’s Swell Conference. ● Libra’s chances of success get another blow. This time from a social media giant…

Bitcoin and Etherum Showing Strength

Key Takeaways: Bitcoin showing strength consolidating after last week’s jump. Ethereum looks for support to move higher. Everyone’s eyes are on Bitcoin. After last week’s massive 42% jump, not only did Bitcoin reclaim 2% market dominance, totaling at 67.5%, it equally brought the total market capitalization of the cryptocurrencies market to $250 billion. Indeed, this has breathed bullishness into a stagnant, ranging market. The question remains, what Bitcoin’s next major step is: will it break out of the descending channel…

Are Cryptocurrencies Ready to Replace Central Banks?

There is undoubtedly a lot of noise in the cryptocurrency space, and not all of it constructive. Narratives projecting Bitcoin as a global panacea; the “decentralize everything” movement; or the infinitely faster, more scalable, and secure blockchain…the list goes on. Separating true from false is an incessant task, and one that this article intends to do for another of these claims: cryptocurrencies are ready to replace central banks (CB).  To begin, let us take a step back and understand what…

Bitcoin price oscillates while Google claims “Quantum Supremacy”

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $250 billion. Bitcoin price drops to $7,300 before rising over the $10,000-mark and dropping again. Ethereum finally breaks over the $180 target. Ripple attracts more investors in its bid to overcome the $0.30 threshold. Google’s parent company Alphabet claims that its new Sycamore processor is the peak of quantum computing. Crypto Trends 21-27th of…

Bitcoin and Ethereum Awaiting Confirmation of Market Direction

Key Takeaways Bitcoin reaching key support zone. Ethereum appears to want a rally but lacking conviction on the USD and BTC pair. BTC/USD Weekly Daily After 26 days, Bitcoin decided to make a move - many were expecting a bounce, but this proved to be premature.  On Wednesday, BTC/USD fell through its range support at the $7800 zone, finding a new local bottom at $7308. The 200-week moving average was acting as support for this range until the price fell…

WMA: Bitcoin price drops below $8000 and Libra loses the backing from VISA and PayPal

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $217 billion. Bitcoin’s price drops below $8,000 Ethereum price fails to reach the $180 threshold. Ripple still struggles to overcome the $0.30 hurdle. Facebook's Libra loses support from Visa, MasterCard, and PayPal. Crypto Trends 13-20th of October 2019: Performance & Analysis The third week of October 2019 has seen the crypto market continue its…

How can Blockchain Technology and Bitcoin change the financial systems?

Blockchain technology is rapidly evolving and expanding its use to various industries. It has already rocked the financial sector and set its sights on changing the world as we know it forever. Blockchain surfaced as another nonconventional term in the technical dictionary that accompanied the Bitcoin inception more than a decade ago. At first, blockchain was part of the uncharted territory of the cryptocurrency world. Today, it is an established technology with game-changing capacity and limitless possibilities for development. It…

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