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Chinese Bank Invests in Bitcoin Wallet After President Xi's Remarks: Report
10/28/2019 07:24
On Friday, China's leader, President Xi Jinping, absolutely floored the Bitcoin community. Speaking at a meeting of the Political Bureau of the Chinese Communist Party's Central Committee, Xi called for the adoption of blockchain "as an important breakthrough for independent innovation of core technologies." State-run outlet Xinhua revealed that Xi lauded the potential benefits of blockchain technologies...
Tron (TRX) Surges On Massive Partnership Plug, China's Latest Crypto Rankings
10/28/2019 06:30
The news has all been China this weekend and its native crypto assets have been on fire. From bully to hero, Beijing has boosted crypto markets by 25% in just two days. Bitcoin led the rally but a slew of Chinese crypto coins are surging today, and Tron is one of them. China Crypto Rankings...
Bitcoin (BTC) Price Steadies Uptrend But Another Correction Likely
10/28/2019 05:30
Bitcoin price is gaining bullish momentum and is trading above $9,500 against the US Dollar. The price is facing a strong resistance on the upside near the $9,820 and $9,850 levels. There is a crucial bullish trend line forming with support near $9,500 on the hourly chart of the BTC/USD pair (data feed from Kraken)....
Ripple (XRP) Bulls Are Quiet While Many Altcoins Rally Significantly
10/28/2019 04:38
Ripple price is rising slowly and it is still below the $0.3150 resistance area against the US dollar. The price is facing a lot of hurdles on the upside near the $0.3120 and $0.3150 levels. There is a key bullish trend line forming with support near $0.2950 on the hourly chart of the XRP/USD pair...
Chinese Crypto Crank, Has China Just Ignited Another Altseason?
10/28/2019 04:00
This weekend has been one of the best in recent history in terms of crypto asset performance. Bitcoin's epic rally to retouch five figures has given its brethren a boost but there appears to be a pattern emerging. Chinese crypto assets are leading the way resulting in speculation that the red dragon may have just...
Ethereum (ETH) Grinding Higher, Bitcoin Could Revisit $10K
10/28/2019 03:28
Ethereum price is showing positive signs above the $175 and $180 levels against the US Dollar. Bitcoin price is climbing higher and it is likely to revisit the key $10,000 resistance area. There is a rising channel forming with support near $183 on the hourly chart of ETH/USD (data feed via Kraken). The pair is...
Analysts: Bitcoin Price May "Cool Off" After Rally to $9,700
10/27/2019 23:50
Bitcoin (BTC) bulls have started to push the cryptocurrency markets into the weekly close, which is set to take place in minutes as of the time of publishing. The leading cryptocurrency is now trading for $9,600 — up a tad under 10% from Saturday's low of $8,900. Altcoins have largely followed BTC higher, posting similar...
CME Bitcoin Futures to Print Massive $1,000 Price Gap: Bullish or Bearish?
10/27/2019 21:50
Last Friday, the Bitcoin futures contract on the Chicago Mercantile Exchange (CME) closed the week at $8,715. It was a strong performance, especially considering that on Wednesday, the leading cryptocurrency had plunged to $7,300 in a flash crash event. $BTC CME Futures closed today at $8715 The current price of Bitcoin has been ranging in...
Chinese Cryptos Incur Explosive Rallies with NEO Surging Over 40%
10/27/2019 21:30
Bitcoin has been caught in a firm uptrend over the past several days, which has begun spilling over into the aggregated altcoin markets, with multiple smaller cryptocurrencies like NEO posting meteoric gains over the past-24 hours. It does appear that the cryptocurrencies incurring the biggest gains are Chinese altcoins, which may be because they are...
China's State-Controlled Media Explains Bitcoin to Millions: Knock-On Effect
10/27/2019 20:30
Many wrote off Chinese president Xi Jinping's recent endorsement of blockchain as non-beneficial for Bitcoin and other cryptocurrencies. But this is quickly proving itself to not be true. For those who missed the memo, a quick interlude. On Friday, Chinese state media outlet Xinhua revealed that China's leader had called for the adoption of blockchain...
 
 


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