Nothing drives up demand for Bitcoin more than economic and political uncertainty. Well maybe a large dose of China initiated FOMO, but fundamentally BTC acts as a solid hedge against failing fiat and economic policy. This year has not been one to remember for a number of nations, and that has clearly been reflected in...
Bitcoin price is declining and struggling to stay above the $9,000 support against the US Dollar. The price is could correct higher, but it might face resistance near the $9,200 and $9,300 levels. There is a declining channel forming with resistance near $9,400 on the hourly chart of the BTC/USD pair (data feed from Kraken)....
Ripple price is facing an increase in selling pressure below the $0.2980 resistance against the US dollar. The price is likely to decline below the $0.2880 support before it could start a fresh increase. There is a key bearish trend line forming with resistance near $0.2940 on the hourly chart of the XRP/USD pair (data...
Ethereum price declined recently and traded below the $180 support area against the US Dollar. Bitcoin is under pressure and it seems to be struggling to stay above the $9,000 support. There is a new connecting bearish trend line forming with resistance near $183 on the hourly chart of ETH/USD (data feed via Kraken). The...
One of the reasons Bitcoin was envisaged was to provide freedom from the banking system, which is clearly in trouble. Banks literally hold their customers to ransom when services are pulled. This is exactly what is happening now in China as citizens rush to withdraw their savings. China Bank Run Day Three Banks are becoming...
Ethereum (ETH) has been closely tracking Bitcoin's price action over the past several days and weeks and was able to incur some bullish momentum this past Tuesday separate from Bitcoin, although this movement was short-lived and was closely followed by a retrace back towards its current price levels. Analysts are now nothing that Ethereum may...
A group of "very powerful nations" is increasingly making moves to reduce their dependence on the US dollar according to a global security analyst. Traditionally a planetary store of value, will Bitcoin benefit from such a global exodus from the dollar? Anne Korin of the Institute for the Analysis of Global Security identifies strong motives...
In the next few hours, Bitcoin will see its monthly candle for October close. As the cryptocurrency has been subject to immense volatility over recent weeks, this close will be immensely important for Bitcoin's directionality for the next few months. Related Reading: Bitcoin Holds Above $9,000 as Buyers Look to Extend Its Upwards Momentum So,...
After hovering just above $9,250 for an extended period of time, Bitcoin (BTC) has now been able to climb slightly, signaling that buyers did not want to lose this level to sellers, who had been building significant strength over the past couple of days. Analysts are now noting that the cryptocurrency may be positioned for...
A study by Bitcoin mining firm Genesis Mining has shown that a startling number of US citizens have no idea about how their financial system works. A whopping 29 percent of respondents said they thought the US dollar is still backed entirely by gold. The study's findings highlight just how little is really known by...
