Tag Archives: BTC

Cryptocurrency Prices Will “Slowly Recover” Due to “Real Utility,” Blockchain Professional Says

Cryptocurrency Prices Will “Slowly Recover” Due to “Real Utility,” Blockchain Professional Says

Josh Fraser, co-founder at Origin Protocol, an Ethereum-based peer-to-peer (P2P) solution for enabling economic transactions without intermediaries, recently told MarketWatch he thinks cryptocurrency prices will “slowly recover.” Fraser explained in an email to the financial information website that the “shift towards development” will “see real utility, versus speculation” in the volatile crypto ecosystem. The Clemson University computer science graduate wrote […]

Bitcoin Price Analysis: BTC/USD Holding Key Supports

Bitcoin Price Analysis: BTC/USD Holding Key Supports

Bitcoin price failed to break the $6,410 hurdle against the US Dollar. BTC/USD declined, but it is holding important supports above $6,250. Important points Bitcoin is trading well above the $6,220 and $6,250 support levels. BTC/USD is trading inside a contracting triangle with resistance near $6,350 on the 2-hours chart. BTC price is positioned nicely […]

CFTC Chair: Crypto Needs ‘Do No Harm’ Approach That Regulators Gave the Early Internet

CFTC Chair: Crypto Needs ‘Do No Harm’ Approach That Regulators Gave the Early Internet

U.S. Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo has said that crypto needs a “do no harm” approach from regulators to flourish, in an interview at the annual Singapore Summit today, Friday 14. Chairman Giancarlo said he took the precedent from the early days of the Internet, which he argued was able to develop and […]

Bitcoin Price Intraday Analysis: BTC/USD Invalidates Bear Pennant

Bitcoin Price Intraday Analysis: BTC/USD Invalidates Bear Pennant

Bitcoin price on Thursday escaped its prevailing downtrend and appreciated close to 3 percent against the US Dollar. The BTC/USD started the day in support of the late-night breakout action from Wednesday, in which the pair broke above the symmetric triangle resistance – what could have been a bear pennant if the price had continued to […]

Bitcoin Price Watch: BTC/USD’s Resistance Turned Support at $6,320

Bitcoin Price Watch: BTC/USD’s Resistance Turned Support at $6,320

Key Points Bitcoin price climbed higher and broke the $6,320 and $6,380 resistance levels against the US Dollar. There was a break above a major contracting triangle with resistance at $6,330 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently correcting lower and the previous resistance at $6,320 […]

Altcoins Keep Dropping While Bitcoin Breaks Another Record of Market Dominance in 2018

Altcoins Keep Dropping While Bitcoin Breaks Another Record of Market Dominance in 2018

Tuesday, September 11: crypto markets have seen another decline today, with most of the top 20 coins by market cap in the red, according to data from CoinMarketCap. The majority of altcoins are recording losses, reaching around 5-6 percent among those top 20 currencies. Market visualization from Coin360 Bitcoin (BTC) is slightly down today and currently trading at $6,238, which […]