This Top Cryptocurrency Got 51% Attacked. Yet, It’s Up 19% And It’s a Problem

A researcher at the MIT Digital Currency Initiative discovered that Bitcoin Gold was 51 percent attacked on January 23. Yet, in the last 24 hours, the cryptocurrency has increased by 19 percent in price. In a report published on code repository GitHub, MIT DCI research assistant James Lovejoy said two seperate attacks were carried out on Bitcoin Gold blocks within a span two days. More attacks can happen and still, price of the cryptocurrency is up A 51 percent attack is quite possibly the most serious form of attack against…

A “Serious” Bitcoin Correction to Occur if BTC Drops to This Level: Top Trader

After a five percent increase overnight, the bitcoin price is vulnerable to a major correction. A prominent trader Peter Brandt warned that a fall below a key level may trigger a serious correction. Brandt named the 18 displaced moving average (DMA) as the important level bitcoin has to defend to prevent a large pullback. Currently, as of January 27, the 18 DMA is at $8,540 on BitMEX. What happens if bitcoin drops below $8,540 and resumes correction? If the bitcoin price drops below the 17 DMA at $8,540 and enters…

Less Chance that Bitcoin Will Crash Towards $6K, Top Analyst Explains Why

Bitcoin opened 2020 with a bang, rising by as much as 32 percent in January as investors’ appetite for safe-haven assets grew. However, the price rally is now looking to fizzle. The bitcoin-to-dollar exchange rate has dipped by circa 9 percent after registering a local top near $9,200. The pair on Friday tested $8,216 as intraday support, hinting risks of an extended downside move that could push the price into a medium-term bearish channel. The BTC/USD exchange rate eyes a crash towards $6,000 | Source: TradingView.com, Coinbase The Descending Channel,…

Ether Price Drop Slashed Valuation of Crypto Valley’s Top 50 Firms by 40%

The combined valuation of the top 50 blockchain-related firms in the Swiss canton of Zug — known as “Crypto Valley” within the industry — fell by nearly half in 2019. Swiss investment firm CV VC debuted a new report at the World Economic Forum in Davos, Switzerland on Jan. 22, giving an appraisal of the blockchain and cryptocurrency industries in the Crypto Valley during the last year. Per the report, the valuation and subsequent price drop in Ether (ETH), the native cryptocurrency of the Ethereum network, led to a 40%…

Top Crypto Analyst Lays This Case for 100% Cardano (ADA) Price Surge

Near the top of the Bitcoin bull market in 2018, Cardano (ADA) was dominating. Everything. Aside from a few select altcoins in Ethereum, XRP, and BCH, ADA was at the top of the market, rallying on a seemingly strong team and the promise of Cardano becoming the next leading blockchain that could service everything and everyone. But, since then, the cryptocurrency has seen quite the fall from grace. Per TradingView data (seen below), the cryptocurrency has collapsed by 96.74% against the U.S. dollar since the all-time high well above $1.…

Bitcoin Price Drops Over $500 in 5 Minutes, Top Altcoins Also See Red

Sunday, Jan. 19 — most of the top 20 cryptocurrencies are reporting severe losses on the day by press time as well as Bitcoin (BTC) which now hovers just under the $8,600 mark falling from today’s high of nearly $9,200, making it a 7.32% loss. Market visualization courtesy of Coin360 Bitcoin price is currently down by 3.08% on the day, trading at around $8,636 at press time, according to Coin360. Looking at its weekly chart, the coin is still up by about 6.42%. Bitcoin’s price movement has seen the price…

‘Weak Hands Are Out’ — Trader Who Called $20K Bitcoin Top Calls Bottom

Bitcoin (BTC) investors who are waiting for a price dip to even $6,000 have “missed” their opportunity already, veteran trader Peter Brandt says. In a market discussion with Cointelegraph on Jan. 17, the 40-year market stalwart said that contrary to what some believe, BTC/USD has already hit its floor. Brandt: “The weak hands are out” “They all now want to sit and buy a break back to $6,000 or $5,000 and they’ve missed the bottom — and during that bottom, I think you had a lot of people accumulate with…

Bitcoin Just Rejected $8,900 in a Short-Term Top Structure: Traders Fear Bear Trend Isn’t Over

The bitcoin price rose to as high as $8,916 across major cryptocurrency exchanges like BitMEX and Binance on January 15. Since then, BTC fell by three percent in a typical short-term top formation. Lower time frames indicate a double top structure, which normally suggests that the asset tried to break above a key resistance level twice in a short time frame and failed. $8,900 has acted as a heavy resistance level since late October. BTC has breached that level for the first time since mid-November, 2019. What’s next for bitcoin…

Bitcoin Price Rally to $9K in Danger as a Double Top Pattern Appears

Over the last few hours, Bitcoin price (BTC) swiftly dropped 3% from $8,863 to $8,557 and for the third time in 24 hours bulls were forced to defend the $8,600 support level, which has currently been bought into on each dip.  The pullback came after the digital asset struggled to rise above $9,000, twice testing $8,863 over the past day, which could be interpreted as a take profit signal for traders.  Cryptocurrency market weekly overview. Source: Coin360 BTC USD daily chart. Source: TradingView At the time of publishing, the price…