Month: November 2018

Bitcoin Cash Price Analysis: BCH/USD Crash Could Gain Pace Below $400

admin

Key Points Bitcoin cash price crashed and declined more than $100 towards the $400 level against the US Dollar. There is a major bearish trend line in place with resistance at $470 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently consolidating above the $400 level and it could correct a few points in the near term. Bitcoin cash price declined heavily below $450 against the US Dollar. BCH/USD tested the $400 support and it is currently consolidating losses. Bitcoin Cash Price Analysis…

Market Loses Staggering $26 Billion in 24 Hours

admin

Twitter Facebook LinkedIn Over the last 24 hours, the crypto market suffered a devastating wipeout of more than $26 billion, making it one of the most intense daily sell-offs in all of 2018. Bitcoin (BTC), which demonstrated a record high level of stability from August to November, recorded a drop of more than 11 percent within a 12-hour period. The unforeseen decline in the price of BTC led other major cryptocurrencies and small market cap digital assets to initiate steep downward movements. Bitcoin Cash (BCH) recorded the worst drop on…

Ethereum Classic Price Analysis: ETC/USD Tumbles To New 2018 Low

admin

Key Highlights Ethereum classic price declined sharply and broke the $8.00 and $7.00 supports against the US dollar. There is a short term consolidation pattern forming with resistance at $7.70 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is in a major downtrend and it could decline again towards $7.00 or $6.70 in the near term. Ethereum classic price is under heavy selling pressure against the US Dollar and Bitcoin. ETC/USD traded to a new 2018 low below the $7.00 support. Ethereum Classic Price…

Ripple Price Analysis: XRP/USD Nosedives, Turns Bearish Below $0.4600

admin

Key Highlights Ripple price declined heavily and broke the $0.4860 and $0.4400 support levels against the US dollar. There is a crucial bearish trend line formed with resistance at $0.4720 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is struggling to recover above the $0.4600 and $0.4700 resistance levels. Ripple price fell sharply below key levels against the US Dollar and Bitcoin. XRP/USD is correcting higher, but it remains sell on rallies near $0.4700. Ripple Price Analysis The past three sessions were destructive as…

Below $200 ETH Mining is Useless, Hash Rate Drop

admin

After 11 months of relentless bears, statistics from Susquehanna, a US based trading and technology firm has confirmed that mining Ether is no longer profitable. This is mostly due to a relentless bears that have since drove prices from $1400 to $200. Because of this, monthly mining profitability is now zero, down from $150 registered mid last year. The Drop in ETH Mining is Because of Serenity Unlike Bitcoin, Ethereum mining utilizes GPU chip sets. Though they guarantee complete decentralization, Ethereum does not have a predetermined issuance model. Then again…

BCH/USD Could Test $300 or $850 by End Week

admin

Latest Bitcoin Cash News Today marks the a new beginning or the end of Bitcoin Cash assuming Craig Wright wins the hash rate game and mine empty blocks before Roger Ver mining pools. For all we know, this is going to be a supremacy war. As Craig and Calvin Ayre commit to save the original Satoshi protocol from dissolution, the market is jittery. Therefore, before tomorrow we may witness serious price capitulation and inevitable losses for ordinary investors. Interesting read. Bitmain should stop forcing Hash wars and look after their…

BTC/USD Must Dump before Bulls Reign in 2019

admin

The Bitcoin FUD It’s a capitulation. It’s the end of Bitcoin. It’s a Bitcoin Sell-off. And it’s true; a typical Bitcoin investor is bleeding right now. But a critical look at price action and historical price movement paints a rosy picture: Prices will most likely recovery and print higher in the next few months. Hello, yes, SEC? Yeah hi, I put all my money in this bitcoin game and I’m not having fun anymore… I’d like to process a refund? I think the man’s name is Satooshi Nakomoku? Yes, I’ll…

The Crypto Market Just Fell to a New 2018 Low

admin

Bitcoin sank to its lowest price in over a year on Wednesday, with the prices of other major cryptocurrencies falling alongside it. As of press time, bitcoin is trading at $5,525.92 – a more than 12 percent decline on the day – in the latest sign that volatility around the world’s largest cryptocurrency by market capitalization has returned with a vengeance. Indeed, bitcoin’s collective market cap dropped below the $100 billion level for the first time since November 12 of last year, according to CoinDesk’s Crypto-Economics Explorer (CEX). In the past 12-hours…