The Case $7.5K Could Become Bitcoin’s New Price Support

Amidst a decline in the price of bitcoin, the world’s most valuable cryptocurrency could find support at $7,500 – that is if it follows past patterns on the charts. Bitcoin has faced selling pressure over the last few days, despite an impending golden crossover on the three-day chart – a bullish crossover of the 50- and 200-candle moving averages, as discussed last week. As of writing, the 50-candle moving average (MA) is on an upward trajectory and looks set to cross above the 200-candle MA in the next few days.…

Ripple (XRP) is Down 20.8% But Will 30 Cents and Q1 Support Hold?

Ripple (XRP) is down 20.8 percent Spain’s Santander expanding; opens a UK and Poland payment corridor Banco Santander is opening a new corridor from the UK to Poland via its One Pay FX app. Efficient, attention is back to Ripple, which is under pressure to see more of its clients adopt xRapid. Meanwhile, XRP is under pressure and down 20.8 percent from last week’s close. Ripple Price Analysis Fundamentals The idea of xCurrent is to “enable banks to settle cross-border payments with end-to-end tracking.” That, plus the fact that it…

Bitcoin Price Clings to $10K Support After a Volatile Weekend

Bitcoin price (BTC) traded above $10,000 July 15 after a weekend of heavy losses spelled disaster for cryptocurrencies across the board. Market visualization courtesy of Coin360 Data from Coin360 showed BTC/USD holding onto support above the key barrier Monday, having temporarily dropped as low as $9,912.  The 9.7% daily losses compounded a worrying weekly trend which saw the pair fall rapidly from above $13,000. Bitcoin 7-day price chart. Source: Coin360 Driving the bearish sentiment, analysts broadly claimed, was a mixture of criticism by United States president Donald Trump and overall…

Bitcoin Price (BTC) Breaks Key Support: $8,800 Bearish Target Could Be Real

Bitcoin price extended its declined and broke the key $10,800 support level against the US Dollar. The price even broke the last swing low and a major support area near the $10,500 level. There is a key bearish trend line forming with resistance near $10,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains in a strong target and it seems like the $8,880 bearish target seems real. Bitcoin price started a fresh decline below the $10,800 support against the US Dollar. BTC is…

Ethereum Price (ETH) Holding Crucial Support: Next Key Break Nearby

ETH price remained in a bearish zone after it settled below the $280 support against the US Dollar. The price declined heavily and recently tested the key support area near the $260 level. There is a crucial bearish trend line forming with resistance near $282 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to recover as long as it is trading above the key $260 support area. Ethereum price is struggling to recover after a massive decline against the US Dollar and bitcoin. ETH…

Ethereum (ETH) Vulnerable, Prices Below A 3-Month Support Trend Line

Ethereum (ETH) is down 3.2 percent Omar Reyes, a candidate vying for a Congress seat in Florida, wants to issue an Ethereum token Props, an ERC-20 token, is compliant with a key regulation. As a result, investors can have a financial stake in the issuing company following SEC qualification. As of the time of writing, bears are in control after the July 11th’s breakout below the main support trend line. Ethereum Price Analysis Fundamentals Well, it appears as if blockchain is not immune from politics. The disruptive platform may have…

Bitcoin Price (BTC) Testing Crucial Support: Can The Bulls Stage Recovery?

Bitcoin price declined sharply below the $12,000 support area against the US Dollar. The price traded close to the $11,000 support and it is currently consolidating losses. There is a key bearish trend line forming with resistance near $11,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could either recover above $11,400 or it might extend losses below the $11,000 support. Bitcoin price reached the key $11,000 support area against the US Dollar. BTC is currently consolidating and seems to be preparing for the…

Fidelity, Deloitte and Amazon Now Support Workshops for DLT Startups

Major global firms Fidelity, Deloitte and Amazon, have begun supporting a new blockchain accelerator program called Startup Studio, according to a press release on July 11. The companies are backing the program along with 20 other firms, including Ethereum Foundation and ETH Global, Stellar Foundation, crypto analytics firm Messari, and Coinbase-backed NEAR Protocol, among the others. The new blockchain accelerator is an initiative of IDEO CoLab Ventures, the venture capital division of United States-based design consultancy firm IDEO. Supported by Fidelity, Deloitte and Amazon, as well as major crypto industry…

Ethereum Price Holding Key Support: ETH, BTC Down 10% From Highs

ETH price failed to hold gains above the $310 level and recently declined heavily against the US Dollar. The price declined below the main $300 and $295 support levels to enter a bearish zone. There was a downside break below a contracting triangle with support at $308 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now trading above the next major support near the $280 level. Ethereum price declined sharply below the $300 support versus the US Dollar, along with bitcoin. ETH price could recover…

Ripple (XRP) Bleeding, Down 10.5% May Retest Q1 2019 Support

Ripple (XRP) drops 10.5 percent SWIFT and rival platforms are not Ripple’s competitors Christine Lagarde will take over from Mario Draghi. According to analysts plus her previous comments on Ripple, this is bullish for XRP. However, that is not enough to prop XRP, which is down 10.5 percent in 24 hours. Ripple Price Analysis Fundamentals The so-called XRP Army is known for its ferocious protection of Ripple and XRP. Supporting the third most liquid asset in their swarm and vigor, they tear down critics-regardless of the objective or validity of…