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Author Archives: admin

Ethereum Classic Price Analysis: Can ETC/USD Hold The $10.00 Support?

Key Highlights Ethereum classic price tumbled and broke the $12.50 and $11.20 support levels against the US dollar. There is a key connecting bearish trend line forming with resistance at $11.30 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is slowly correcting higher towards the $11.00 and $11.30 resistance levels. Ethereum classic price made ...

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Crypto Markets Continue to Decline, Tokens Especially Affected by Bear Market

The cryptocurrency markets continue to fall despite strong fundamentals, and the market decline has been largely led by tokens.  The continued decline precedes a short lived, yet promising, rally when Bitcoin rose to approximately $8,400 on July 24th before gradually falling to lows of $6,100 on August 10th. Major Tokens Setting New Yearly Lows Although Bitcoin has fallen nearly 30% ...

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Ripple Price Analysis: XRP/USD Nosedives, Recoveries Remain Limited

Key Highlights Ripple price fell significantly and broke the $0.2800 and $0.2600 supports against the US dollar. Yesterday’s highlighted important bearish trend line is intact with resistance near the $0.2950 level on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting higher, but it could face sellers near $0.2700 and $0.2800. Ripple price ...

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Ethereum Price Analysis: ETH/USD Could Drop To $200-220

Key Highlights ETH price extended declines and dropped below the $260 support zone against the US Dollar. Yesterday’s highlighted crucial bearish trend line is intact with resistance at $305 on the hourly chart of ETH/USD (data feed via Kraken). The pair may well correct a few points higher towards $277-280, but it is likely to face sellers. Ethereum price dropped ...

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Square Cash Opens Bitcoin Buying and Selling in All 50 States

Less than two weeks after sharing Square’s cryptocurrency profits had doubled in the second quarter, the payments company made the long-awaited announcement on Twitter: users can now use Cash App to buy bitcoin in all fifty states. Red, white, and bitcoin. Now you can use Cash App to buy bitcoin in all 50 states. pic.twitter.com/D4fhVRz7WL — Cash App (@CashApp) August ...

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ChainXchange Day 1: Wired Editor-in-Chief Talks AI, Automation, Blockchain

With the opening night of ChainXchange blockchain convention, Las Vegas blockchain week is officially under way. Tonight’s main stage was headlined by World Food Programme CFO Houman Haddad, Wall Street Journal Deputy Editor Sam Walker, and Editor-in-Chief of Wired Magazine, Nicholas Thompson. The theme of the night, and the convention as a whole, is the idea of the emergence of ...

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Bitcoin Cash Price Analysis: BCH/USD Tumbles, Sell on Rallies

Key Points Bitcoin cash price failed to move past the $580-600 resistance and tumbled against the US Dollar. There was a break below a key bullish trend line with support at $500 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair traded below the $475 level and it is currently correcting higher towards $500-510. Bitcoin ...

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Ripple (XRP) Price Watch: Bearish Pullback in the Making

Ripple Price Key Highlights Ripple price recently fell through short-term consolidation to test the bottom of its channel. Support appears to be holding, so price could be due for a pullback to the descending channel resistance from here. The Fib retracement tool shows the potential correction levels where more bears might be waiting. Ripple price fell to the bottom of ...

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Bitcoin (BTC) Price Watch: Another Day, Another Breakdown

Bitcoin Price Key Highlights Bitcoin price has broken below a short-term consolidation pattern and is setting its sights on the next floor. Price is still trading inside its descending channel and might be due to test the bottom around $5,600 soon. Technical indicators continue to reflect the presence of selling pressure but there are also signs of a possible bounce. ...

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