The interest of Wall Street firms towards opportunities in crypto custody and asset management has continued to increase despite the 80 percent correction the market experienced in 2018. Sanford C. Bernstein & Co. analysts refuted recent reports about the struggle of cryptocurrency exchanges and stated that digital asset trading platforms have been recording solid volumes, … Continue reading Wall Street Demand For Crypto Rises as Exchange Activity Thrives in Bear Market
Key Highlights ETH price corrected higher recently and traded above $310 and $315 against the US Dollar. There is a key connecting bearish trend line in place with current resistance at $311 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair has to break the $311 and the $320 resistance levels for … Continue reading Ethereum Price Weekly Analysis: ETH/USD’s Upsides Capped Near $320
While investors entered this past week expecting for the crypto market to fall further, it has become apparent that the market has temporarily staved off a move lower. Whether this recovery was a result of positive fundamentals or just a “dead cat bounce” remains to be seen. Nonetheless, this week has had its fair share … Continue reading Crypto Week In Review: The Market Remains Tumultuous Even Amid Bullish News
Key Points Bitcoin price rebounded and moved above the $6,400 level, but it failed near $6,600 against the US Dollar. There was a break below a major bullish trend line with support at $6,460 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair remains in a broad range between $6,000 … Continue reading Bitcoin Price Weekly Analysis: BTC/USD Failed Again Near $6,600, Now What?
Key Points Bitcoin cash price recovered and moved above the $520 and $540 resistance levels against the US Dollar. There is a major contracting triangle forming with support near $545 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair has to stay above the $545 and $540 support levels to … Continue reading Bitcoin Cash Price Weekly Analysis: BCH/USD Holding Key Support at $540
Yoni Assia, the CEO of major multi-asset trading platform eToro, has said that the correction of Bitcoin is positive for the long-term health and growth of the crypto market. Throughout August, Bitcoin recorded its third major correction in 2018, as its price fell from $8,500 to $5,850. But, shortly after dipping below the important $6,000 … Continue reading Major Exchange CEO: Despite Correction, Demand For Bitcoin Has Not Declined
FOMO Moments Markets slowly recovering this weekend; XRP, EOS, Neo and Tron climbing back, VeChain falling slightly. The slow creep upwards has continued into the weekend as cryptocurrencies add more gains following their lowest levels of the year. Total market capitalization has crept up slightly and is currently holding above $215 billion, 14% up on … Continue reading Can The Slow Cryptocurrency Recovery be Sustained?
Like most coins, Ripple and XRP are bullish. Not only are we seeing important partnerships that steels XRP and xRapid, XRP prices are also on a recovery path adding a massive 13 percent in the last day helping propel prices from 25 cents supports. Technically, this recovery might continue though XRP is within a bear … Continue reading XRP Technical Analysis: XRP Spearheads Recovery, Adds 10%
The altcoins market is in recovery mode and after more than two months of persistent sells, their momentum is fading. Though they still lack solid confirmation, price floors are morale boosting for coins as EOS, Tron, IOTA and even Litecoin which were heading lower. Next week’s price action would influence the short term price trajectory … Continue reading Litecoin, EOS, Stellar Lumens, Tron, IOTA Technical Analysis: Altcoins Are Back To (Temporary) Green
One of China’s largest retailers, JD.com, is launching a blockchain platform. The idea behind the JD Blockchain Open Platform is to allow the company’s enterprise customers to develop their own applications based on the innovative and disruptive technology. JD.com Hopes to Encourage Innovation with New Platform The goal of the JD.com’s new platform is to … Continue reading Huge Chinese Retailer Launches Open Blockchain Platform