Tag Archives: btc

Bitcoin Price Watch: BTC/USD Turned Short-term Bearish

Key PointsBitcoin price extended its downside correction and declined below $7,400 against the US Dollar.There was a break below a major ascending channel with support at $7,520 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair is now trading well below the $7,550 pivot level and the 100 hourly simple moving average.Bitcoin price has… Read More »

Cryptocurrencies Legalized as Futures Trading Commodities by Indonesian Regulator

Bappebti, the Indonesian Trade Ministry’s Futures Exchange Supervisory Boards has legalized cryptocurrencies as commodities in the country. Local media sources announced the landmark decision on June 3, 2018. Bappebti’s directive comes even as the country’s central bank does not recognize cryptos as means of payments. Cryptocurrencies are Now Commodities in Indonesia According to The Jakarta Post, Bappebti’s decision… Read More »

Bitcoin Price Watch: Can BTC/USD Hold This Support?

Key PointsBitcoin price surged higher and traded close to the $7,800 resistance against the US Dollar.There is a key connecting bullish trend line forming with support at $7,540 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair must stay above the $7,500 support area to stay in a positive zone in the near term.Bitcoin… Read More »

German Bank Survey Shows High Percentage of Cryptocurrency Awareness in the Country

A recent survey by the German bank, Postbank revealed that many in the country maintain an active interest in the emerging cryptocurrency market. Even with the 65 percent decline in the value of the market since the start of 2018, Germans appear to be buoyed by bitcoin and other digital assets. Germany is already a crypto-friendly nation that… Read More »

Bitcoin Price Weekly Analysis: BTC/USD Could Accelerate Gains

Key PointsBitcoin price is trading with bullish moves above the $7,000 level against the US Dollar.There was a break above a major bearish trend line with resistance at $7,610 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).The pair is now facing another important barrier near the $7,700 level and the 100 simple moving average… Read More »

More Reasons To Support Ethereum (ETH) Turning Crypto-King

“Only when moving, one can comfortably maintain one’s balance.” reportedly; Albert Einstein The above saying that compares riding a bicycle with a successful living can be found very relatable to everything in general. And so to our beloved crypto-verse too. As cryptocurrencies have a similar in-the-core goal of making life easier in various aspects, only then ones that… Read More »

Bitcoin Price Watch: BTC/USD About to Explode

Key PointsBitcoin price is still struggling to break the $7,580 and $7,600 resistance levels against the US Dollar.Yesterday’s highlighted important bullish trend line is in place with support at $7,450 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair is about to make the next move either above $7,600 or below $7,400 in the… Read More »

Ripple CEO Says XRP is Better Than Bitcoin, Calls BTC Napster

During a panel discussion at yesterdays Recode Code Conference in which blockchain, digital assets, and cryptocurrencies were on the program Ripple’s CEO called out Bitcoin as an idea that technology has passed by.Bitcoin is the Napster of CryptoAs reported by Techcrunch a four-person panel at the Recode Code Conference including Brad Garinghouse gathered to discuss what the role of… Read More »

Bitcoin Price Watch: BTC/USD Signaling Bullish Reversal

Key PointsBitcoin price formed a strong base around $7,050 and moved higher against the US Dollar.This week’s followed important bearish trend line with resistance at $7,320 was breached on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair is now placed nicely above the $7,400 level and the 100 hourly simple moving average.Bitcoin price is… Read More »

UK-Based Company Secures ‘Bitcoin’ Trademark; Serves Etsy Seller with Cease and Desist

Georgi Georgiev · May 29, 2018 · 9:30 am A UK-based company has succeeded in obtaining a registered trademark for the word “Bitcoin” for three different asset classes. The trademark holder has allegedly served an Etsy seller with a cease and desist order for using the BTC logo on his themed T-shirts. Bitcoin™– It’s Official A.B.C. IPHoldings South… Read More »