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Bitcoin Price (BTC/USD) Holding Key Support But Lacks Momentum
07/30/2019 07:00

Bitcoin price is currently consolidating above the key $9,300 support area against the US Dollar. The price is facing a few key resistances near the $9,500, $9,600 and $9,650 levels. There is a connecting bearish trend line forming with resistance near $9,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The...

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Crypto Market & Bitcoin Poised for Declines: BCH, Litecoin, TRX, XLM Analysis
07/30/2019 06:00

The total crypto market cap is under a lot of pressure below the $260.0B and $270.0B resistances. Bitcoin price is down more than 2% and it is currently trading well below $9,600. Litecoin (LTC) price failed to stay above the key $90 support and it could extend downsides. BCH price slowly moving lower towards the...

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Ripple Price (XRP) Trend Near-Term Negative, Similar To Bitcoin
07/30/2019 05:08

Ripple price recovered recently above $0.3100, but struggled to break $0.3140 against the US dollar. The price is currently declining and it might even break the $0.3050 support area in the near term. There is a key bearish trend line forming with resistance near $0.3105 on the hourly chart of the XRP/USD pair (data source...

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Ethereum Price (ETH) Flirts With Key Resistance Amid Negative Sentiment
07/30/2019 04:08

ETH price remained supported above the $205 level, but struggled to gain traction against the US Dollar. The price is facing a few key resistances near the $212 and $215 levels. There is a contracting triangle forming with resistance near $211 on the hourly chart of ETH/USD (data feed via Kraken). The pair could either...

The post Ethereum Price (ETH) Flirts With Key Resistance Amid Negative Sentiment appeared first on NewsBTC.

Gold Investor Peter Schiff Claims Bitcoin Bottom Won't Hold
07/30/2019 02:00

Outspoken gold bug and Bitcoin naysayer Peter Schiff claims that the first-ever crypto asset's "2019 low will not hold" due to the lack of volume during the recent bull run. With Bitcoin price skyrocketing from 2019 lows in the $3,000 to $4,000 range to a local high of $13,800, and its now struggling to sustain...

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Bitcoin Establishes Firm Trading Range as Volatility Abounds; Factors & Trends
07/30/2019 01:00

Bitcoin and the aggregated crypto markets have once again incurred an influx of volatility that has extended the instability that was first incurred just over one week ago when BTC sharply moved towards $11,000 but failed to sustain this movement. Now, analysts are noting that Bitcoin's recent trading action has allowed it to form a...

The post Bitcoin Establishes Firm Trading Range as Volatility Abounds; Factors & Trends appeared first on NewsBTC.

Government Restrictions on Cash Transactions Show Why Bitcoin is Important
07/30/2019 00:00

The government of Australia wants to ban cash payments for goods and services exceeding 10,000 AUD ($6,900). Interestingly, it excludes digital currency, such as Bitcoin, from the restrictions, arguing that if the regulations cover crypto assets, they would also limit innovation. Although Bitcoin is excluded from the proposed ban, such restrictions make the case for...

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Analyst: Bitfinex Court Hearing Could Contribute to Massive Bitcoin Volatility
07/29/2019 23:00

The crypto markets have been closely following the situation that has been unfolding around the popular and controversial Bitfinex cryptocurrency exchange, which also owns the controversial stable coin Tether, which is accused by the NYAG of allowing US-based users to flout the Bitcoin (BTC) and crypto leveraged trading restrictions. Because of the significance of the...

The post Analyst: Bitfinex Court Hearing Could Contribute to Massive Bitcoin Volatility appeared first on NewsBTC.

Ripple Execs Begs US Congress for Lenient Crypto Regulations,
07/29/2019 22:00

Executives at Ripple, the company behind the XRP token, have sent an open letter to Congress pleading to not legislate them out of existence. In it, the firm claims to be one of the digital currency space's most "responsible actors" and states that to lump them in with other projects would be unfair. The tone...

The post Ripple Execs Begs US Congress for Lenient Crypto Regulations, appeared first on NewsBTC.

CNBC Host Pushes Bitcoin, Cites Halving and Scarcity As Catalyst for $55K BTC
07/29/2019 21:00

In recent weeks, CNBC's host of the Squawk Box, Joe Kernen has become a bit of a hero across the crypto industry, often defending Bitcoin and its long-term value during debates with US policymakers, financial elites, and crypto skeptics alike. In "Joe Squawk's" latest comments, he continues to push Bitcoin amongst his co-anchors and guests,...

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