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| March 23, 2019

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A gain of just 20,000 U.S. jobs may signal a slowdown. But at least wages are rising

March 9, 2019 |

The United States added just 20,000 jobs in February, way below expectations of a 180,000 gain, and a sign that the job market might be beginning to cool.

The unemployment rate fell slightly to 3.8%, the Labor Department reported Friday. Wages gained 3.4% in the past year, the best annual gain…


L.A. Times – Business

Chinese Shares Gain Global Sway Thanks to Index Firm’s Move

March 1, 2019 |

MSCI said it would more than quadruple the contribution of mainland Chinese shares to an influential global benchmark, a move that will make shares in Shanghai and Shenzhen much more important to global investors.
WSJ.com: What’s News Asia

Markets Update: Altcoins Gain on BTC

February 23, 2019 |

Markets Update: Altcoins Gain Against BTC Amid Consolidation

The recent bounce in the value of many leading cryptocurrencies relative to fiat currency has comprised the first bullish action in several months. Since bottoming out during the third quarter of 2018, many leading altcoins have made significant bullish moves against BTC.

Also Read: BTC-e Operator Alexander Vinnik Terminates His Hunger Strike

BTC and BCH Produce Sideways Consolidation

BTC has entered its fourth day of consolidation at approximately $ 4,000, with bitcoin core currently trading for $ 3,940 on Bitstamp and $ 4,040 on Bitfinex. As of this writing, BTC appears to be on the verge of posting its first green monthly candle since July 2018.

Markets Update: Altcoins Gain on BTC
BTC/USD – Bitstamp – 1W

Bitcoin core currently has a market capitalization of $ 69.88 billion and a dominance of 51.9%. Approximately $ 7.3 billion worth of BTC has changed hands during the last 24 hours.

BCH is currently in its fourth day of consolidation above $ 140 following Feb. 18’s 15% rally. January is presently poised to comprise the first green monthly candle for BCH since July 2018.

Markets Update: Altcoins Gain on BTC
BCH/USD – Kraken – 1W

When measured against BTC, BCH has similarly consolidated for several days at the 0.036 BTC area.

Markets Update: Altcoins Gain on BTC
BCH/BTC – Bittrex – 1W

Bitcoin cash is currently the sixth largest crypto asset with a capitalization of nearly $ 2.55 billion and a dominance of 1.89%. Almost $ 1.18 billion worth of BCH was traded over the previous 24 hours.

Leading Altcoins Make Significant Gains Over BTC in Recent Months

A number of top altcoins have made considerable strides over BTC in recent months, suggesting that an altcoin season may be quietly underway.

Ethereum currently appears poised to post its second green monthly candle in months against BTC. ETH is currently trading for approximately 0.0376 BTC, up roughly 50% from December’s low of 0.025 BTC.

Markets Update: Altcoins Gain on BTC
ETH/BTC – Poloniex – 1W

ETH is currently trading for nearly $ 150. Ethereum is the second largest crypto asset by capitalization with a market cap of $ 15.6 billion.

Despite posting a bearish performance during February so far, XRP has generated three green candles since September, with XRP currently trading for 0.000081 BTC, more than 95% higher than last year’s low of 0.000041 BTC.

Markets Update: Altcoins Gain on BTC
XRP/BTC – Poloniex – 1W

Currently trading for $ 0.32, XRP is the third largest cryptocurrency with a capitalization of nearly $ 13.24 billion.

LTC to Post Fifth Green Candle Against BTC in 6 Months

Litecoin has been among the strongest performing altcoins relative to BTC in recent months, with LTC about to post its fourth consecutive green monthly candle after gaining 36% since the start of February. LTC is currently trading for roughly 0.0124 BTC, up 80% from December’s low of 0.0069.

Markets Update: Altcoins Gain on BTC
LTC/BTC – Bitfinex – 1W

Litecoin is trading for $ 49 and comprises the fifth largest cryptocurrency with a market cap of almost $ 3 billion.

TRX appears poised to post its first red monthly candle in five months, following a 13.5% drop against BTC since the start of the month. Despite February’s performance, TRX is currently trading for 630 satoshis, up 120% from November’s low of 290 satoshis.

Markets Update: Altcoins Gain on BTC
TRX/BTC – Binance – 1W

Tron is trading from $ 0.025 and comprises the ninth-largest cryptocurrency with a capitalization of $ 1.67 billion.

ADA is less than a week away from posting its third consecutive green candle, with cardano currently trading for 0.0000116 BTC, up nearly 40% from December’s low of 835 satoshis. Cardano is worth $ 0.046 and comprises the 11-largest crypto asset with a market cap of $ 1.19 billion.

Markets Update: Altcoins Gain on BTC
ADA/BTC – Bittrex – 1W

How long do you expect the current altcoin season to last? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Tradingview


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The post Markets Update: Altcoins Gain on BTC appeared first on Bitcoin News.

Bitcoin News

Stocks climb, putting S&P 500 on track for its fourth straight weekly gain

February 22, 2019 |

Technology and healthcare companies led U.S. stocks higher Friday, erasing some of the market’s losses from the prior day and placing the benchmark Standard & Poor’s 500 on track for its fourth weekly gain in a row.

The broad rally came as investors weighed a mixed batch of corporate earnings reports.


L.A. Times – Business

Markets Update: Cryptocurrencies Gain Billions in Less Than an Hour

February 8, 2019 |

Markets Update: Cryptocurrencies Gain Billions in Less Than an Hour

Cryptocurrency prices have spiked significantly in value during afternoon trading sessions on Feb. 8. The entire market cap of the top digital assets recorded today has added over $ 15 billion in fiat value in just one hour.

Also Read: Public Transportation Across Argentina Can Now Be Paid With BTC

Cryptocurrency Markets Gain Billions in One Hour

Earlier today, news.Bitcoin.com reported on a slew of leading digital currency markets breaking the descending trendline since December 2017’s all-time high (ATH). Not too long after our markets update, the bearish price trend for most cryptocurrencies has started to show signs of reversing. At the moment the entire digital asset economy is worth roughly $ 120.5 billion and global trade volumes have spiked to $ 20 billion+ worth of 24-hour trades.

Markets Update: Cryptocurrencies Gain Billions in Less Than an Hour
Top 10 digital assets according to Satoshi Pulse on Feb. 8, 2019, at 1:40 p.m. EST.

Bitcoin core (BTC) is currently trading for $ 3,657 per coin and has a market capitalization of $ 64 billion at the time of publication. 24-hour statistics show BTC has jumped 7.3% today in value so far, giving it a 4.8% lead in value for the last seven days. This is followed by ripple (XRP) markets, which are up 7.2% as each XRP is swapping for $ 0.31 a token. Ethereum (ETH) has jumped considerably seeing a 13.5% gain today with each ETH trading for $ 118 apiece. In a surprising move today, litecoin (LTC) jumped to the fourth largest market cap as the cryptocurrency has gained 28.4%. Each LTC is trading for $ 42 per coin at the time of writing. Lastly, eos (EOS) has seen a 16% increase over the last 24 hours and each coin is around $ 2.72.

Bitcoin Cash (BCH) Market Action

Bitcoin cash (BCH) markets are up over 10% today and 9.7% over the last seven days. At the moment, one BCH is trading for $ 128. The overall market valuation for BCH is around $ 2.27 billion and the cryptocurrency has about $ 306 million in trade volume. The top five exchanges trading the most BCH today are Lbank, Hitbtc, Fcoin, Huobi, and Coinbase. USDT is the strongest pair today against BCH and currently captures 32% of today’s trade. This is followed by ETH (29%), BTC (21.5%), USD (7.5%), and KRW (4.3%). Bitcoin cash today holds the seventh highest trade volume below XRP and above TRX.

Markets Update: Cryptocurrencies Gain Billions in Less Than an Hour
BCH/USD price 7-day on Feb. 8

BCH/USD Technical Indicators

Looking at the BCH/USD 4-hour chart on Poloniex and Kraken shows bitcoin cash bulls have pushed the price past heavy resistance much like most of the top coins. At press time the two Simple Moving Averages (SMA) are still spread, with the 200 SMA above the 100 SMA. This indicates the path toward the least resistance is still the downside. However, the two trendlines seem as though they will crossing hairs in the near future which would further solidify today’s gains if things reversed.

Markets Update: Cryptocurrencies Gain Billions in Less Than an Hour
BCH/USD 4-hour on Poloniex on Feb. 8

RSI levels are screaming oversold conditions on the 4-hour BCH/USD chart but this is true for most coins at the moment. After the initial jump in price, there’s been a slight correction but nothing too crazy. Order books show a bunch more resistance for BCH all the way until the $ 145 range and from there, things look a touch lighter. On the backside, lots of foundational support has formed and if bears attempt to grab the reins again then they will see pit stops between now and $ 110 again.

Markets Update: Cryptocurrencies Gain Billions in Less Than an Hour
BCH/USD 4-hour on Kraken on Feb. 8

Breaking the Descending Wedge and the Eventuality of a Bitcoin ETF

Many traders are curious about what will happen next after many of the top digital assets broke out of their descending wedges. Many coins tried to overcome resistance in the past and today’s daily spike shows a bullish engulfing candle on BCH, BTC, ETH, and many other charts. Traders and speculators are also talking about bitcoin exchange-traded funds (ETF) today. The commissioner at the U.S. Securities and Exchange Commission (SEC), Robert J. Jackson Jr., explained he believes an ETF will “eventually” happen. Jackson thinks that someone will satisfy the SEC’s regulatory standards. For now, today’s cryptocurrency trading session seem far brighter than the last two weeks and the faithful remain positive a change will come.

Where do you see the price of BCH, BTC, and other coins heading from here? Let us know in the comments below.

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”


Images via Shutterstock, Trading View, Bitstamp, Coinlib.io, and Satoshi Pulse.


Want to create your own secure cold storage paper wallet? Check our tools section.

The post Markets Update: Cryptocurrencies Gain Billions in Less Than an Hour appeared first on Bitcoin News.

Bitcoin News

Stocks gain after reports of possible progress on U.S.-China trade dispute

January 17, 2019 |

U.S. stocks climbed Thursday after a report that U.S. officials could reduce the new tariffs on Chinese imports as part of trade negotiations between the two countries — the latest in a series of potentially conflicting updates on the trade dispute.

Citing sources close to the discussions, the…


L.A. Times – Business

Stocks Post 5th Gain in a Row

January 10, 2019 |

The stock market shook off a rocky start and managed to end higher, stretching its winning streak into five days, the longest run since September, the AP reports. Industrial companies and chipmakers were among the biggest winners in a choppy day of trading Thursday. General Electric jumped 5.2% and…
Newser

In 2019, California workers gain on pay and working conditions. Employers say it will be costly

January 1, 2019 |

For minimum-wage earners, port truckers, farm laborers, sexual harassment victims, nursing mothers, high-powered female executives and workers injured on the job, 2019 offers reason to celebrate.

A score of new state laws took effect on Jan. 1, expanding the rights of many employees while placing…


L.A. Times – Business

Federal Reserve Chairman Jerome Powell has much to lose and little to gain in sit-down with Trump

December 29, 2018 |

Of all the holiday gatherings Jerome Powell gets invited to, a sit-down in the Oval Office might be one of the last he’d want to attend.

Just days after President Trump blamed the Federal Reserve chairman for the stock market’s December swoon and discussed with aides his desire to fire him, White…


L.A. Times – Business

Tech Rout Erases Market’s Gain for the Year

November 20, 2018 |

Stocks are closing sharply lower, erasing the market’s gains for the year, as losses for big technology companies like Apple mount, the AP reports. Apple sank 4.8% Tuesday. Retailers also fell sharply. Target plunged 10.5% after reporting weak results. Victoria’s Secret parent company L Brands fell 17.7%….
Newser