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| December 12, 2018

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Mass Shooting Near French Christmas Market

December 12, 2018 |

A shooting in the French city of Strasbourg killed four people and wounded 11 others near a world-famous Christmas market Tuesday, sparking a broad lockdown and a search for the suspected gunman, who remained at large, the AP reports. French prosecutors said a terrorism investigation was opened, though authorities did…
Newser

Near Shooting Site, a New Sign of Anti-Semitism

December 9, 2018 |

Authorities are investigating the dissemination of anti-Semitic pamphlets in Pittsburgh neighborhoods, including the one in which a gunman killed 11 people in a synagogue in October, the AP reports. A spokesman says police and the city department of public safety “are taking this matter very seriously and will follow every…
Newser

Woman’s Body Found Near ‘Sketchy’ Airbnb

December 4, 2018 |

A grim find has been made in the search for a Florida woman who was reported missing after she failed to return from a trip to Costa Rica. Officials with Costa Rica’s Judicial Investigation Department say a woman’s body was found at the back of the Airbnb property where 36-tear-old…
Newser

Home Listing’s Racy Photos Create a Buzz Near Houston

November 26, 2018 |

More than a month ago, real estate agent Kristin Gyldenege put up a listing for a standard-issue three-bedroom house in the Houston suburbs. Crickets. It barely registered on potential buyers’ radar, with fewer than 1,000 views over 40 days. Then, as the Houston Chronicle explains, Gyldenege struck upon a…
Newser

Cryptocurrency Markets Consolidate Near 2018 Low

November 18, 2018 |

Cryptocurrency Markets Consolidate Near 2018 Low

The drama surrounding the recent Bitcoin Cash fork has comprised the catalyst for significant action across the cryptocurrency market, with both BCH and BTC posting new lows for 2018 on Nov. 15. Meanwhile, XRP has again overtaken ETH to rank as the second largest cryptocurrency by market capitalization.

Also Read: Crypto Exchange-Traded Product Live on Swiss Stock Exchange Next Week

Fork Drives New All-Time Price Lows for BCH

In the days leading up to the fork, BCH was trading within an approximately 6% range between $ 500 and $ 530. Support at the $ 500 area then broke at around midday on Nov. 15th, with the price crashing as low as $ 350 on Bitstamp. On Bitfinex, BCH spiked down to $ 250, before BCH trading was halted on the platform in the run-up to the fork.

Markets Update: Bitcoin Markets Consolidate Near 2018 Low
BCH/USD – Bitstamp – 1HR

In the days since the fork, BCH has predominantly traded within a 10% range of between $ 375 and $ 410. The aggressive sell-off has seen BCH lose over 35% of its value against the dollar in just 12 days, although this can be attributed to some of BCH’s value being assigned to the minority SV chain that forked off.

Markets Update: Bitcoin Markets Consolidate Near 2018 Low
BCH/USD – Bitstamp – 1D

When measuring against BTC, BCH established a new low of 0.046 BTC on Bitstamp after the markets broke below resistance at 0.066 BTC. Since Nov. 6th, BCH has lost approximately 45% of its value when measuring against BTC.

Markets Update: Bitcoin Markets Consolidate Near 2018 Low
BCH/BTC – Bitstamp – 1D

Bitcoin cash is currently the fourth largest cryptocurrency by market cap with a total capitalization of $ 6.67 billion.

BTC Consolidates Below $ 6,000

Markets Update: Bitcoin Markets Consolidate Near 2018 LowLooking at Bitfinex, BTC experienced heavy selling pressure starting from approximately 4 a.m. on Nov. 14 when the markets began to test support at approximately $ 6,400. After a short period of consolidation, the markets then fell 9.5% from $ 6,460 to approximately $ 5,850 in less than three hours.

24 hours of sustained selling pressure then drove prices to set an annual low of $ 5,432 on Nov.15, before a sharp bounce found resistance at approximately $ 5,750. The aggressive sell-off saw the price of BTC drop approximately 15% in a single day. Since then, BTC has consolidated within a tight range of less than 5%, with prices hovering between $ 5,550 and $ 5,750.

Markets Update: Bitcoin Markets Consolidate Near 2018 Low
BTC/USD – Bitfinex – 1HR

On Bitstamp, the dump saw BTC lose 16% in 24 hours, falling from approximately $ 6,210 to set an annual low of $ 5,200. Since then, BTC has hovered between $ 5,400 and $ 5,600. BTC currently has a market cap of roughly $ 97.25 billion.

Ripple Boasts Largest Altcoin Market Cap

Markets Update: Bitcoin Markets Consolidate Near 2018 LowXRP has again overtaken ETH to rank as the second largest cryptocurrency by total capitalization, a position it has held since Nov. 15 as of this writing. XRP currently has a market cap of $ 20.6 billion.

When measuring against USD, XRP has fully recovered from its 16% crash that transpired on Nov. 15, with prices currently hovering at roughly $ 0.517.

Markets Update: Bitcoin Markets Consolidate Near 2018 Low
XRP/USD – Bitfinex – 1HR

When looking at XRP/BTC, the Nov. 15 sell-off appears to have formed an inverse head & shoulder pattern on the hourly chart, priming the markets for the Nov. 16 breakout that has driven the price of ripple up to test resistance at 0.000093 BTC in recent hours.

Markets Update: Bitcoin Markets Consolidate Near 2018 Low
XRP/BTC – Bitfinex – 1HR

ETH/BTC Sees Low Volatility

Markets Update: Bitcoin Markets Consolidate Near 2018 LowWhen measuring against BTC, ethereum has held relative stability in recent days, with the Nov. 15 dump trading within a tight range.

As of this writing, ETH is testing support at 0.0325 BTC, with the current price action appearing to follow roughly two months of sideways consolidation following May through July’s heavy selling pressure.

Markets Update: Bitcoin Markets Consolidate Near 2018 Low
ETH/BTC – Bitfinex – 1D

When measuring against USD, the Nov. 15 sell-off drove an approximately 17% drop in the price of ethereum once support at $ 210 broke. After bouncing off a low of $ 170, ETH has since consolidated between $ 175 and $ 185.

Markets Update: Bitcoin Markets Consolidate Near 2018 Low
ETH/USD – Bitfinex – 1D

Ethereum is currently the third largest cryptocurrency by market cap with a capitalization of $ 18.17 billion.

Do you think the markets have posted their lowest position for 2018 or is more selling pressure imminent? Share your thoughts in comments section below!


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The post Cryptocurrency Markets Consolidate Near 2018 Low appeared first on Bitcoin News.

Bitcoin News

Red suitcase stops NYC traffic near Macy’s, proves harmless

November 4, 2018 |

A suspicious red suitcase abandoned in the middle of a bustling Manhattan square near Macy’s forced police to stop traffic and pedestrians while a bomb squad investigated.
FOX News

Image Revealed of Military Base Near Area 51

October 29, 2018 |

Like viewing secretive military bases? Google Maps has long shown the Tonopah Test Range in southwestern Nevada, but didn’t update that image for eight years—so two guys bought satellite imagery of the location and questioned Google about the apparent oversight, LiveScience reports. “Why did you allow the coverage of…
Newser

18 Dead After School Bus Swept Away Near Dead Sea

October 26, 2018 |

A terrifying flash flood in Jordan killed at least 18 people Thursday, most of them middle school children who were on a school bus that was swept away. Authorities say the death toll, which is expected to rise, also includes members of families who were picnicking near the Zara Maeen…
Newser

Abducted Going to Gym, Billionaire Turns Up Near Tennis Court

October 20, 2018 |

Africa’s youngest billionaire is back home. Mohammed Dewji, who was seized Oct. 11 by masked gunmen while headed to the gym in the Tanzanian city of Dar es Salaam, has been released, the BBC reports. “I have returned home safely,” his company, MeTL Group, quoted the 43-year-old father of three…
Newser

Military-Communications Firms Harris, L3 Near Deal to Combine

October 13, 2018 |

Harris and L3 Technologies are nearing an agreement to merge, a deal that would unite two big providers of defense communications and electronics with a combined market value of about $ 33.5 billion.
WSJ.com: US Business