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| February 18, 2018

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L.A. County Fair won’t raise ticket prices and will offer food discounts to draw visitors

February 16, 2018 |

Hoping to reverse last year’s drop in attendance, the Los Angeles County Fair is giving visitors a break on ticket and food prices.

The fair announced it won’t raise daily ticket prices when it opens at the Fairplex in Pomona in August. In addition, the fair’s vendors will offer discount prices…


L.A. Times – Business

Stocks tumble on opening as consumer prices jump, adding to inflation fears

February 14, 2018 |

Consumer prices jumped more than expected last month, the Labor Department said Wednesday, adding to the fear of higher inflation that has roiled financial markets in recent days.

The consumer price index increased 0.5% in January, up from 0.2% the previous month and well above analyst estimates….


L.A. Times – Business

Disneyland resort raises prices as much as 18%

February 11, 2018 |

The Disneyland resort raised prices over the weekend, several months before the park plans to unveil a remake of its boardwalk-themed area at the California Adventure Park.

The prices rose the highest for annual pass holders, up as much as 18%. Daily tickets rose nearly 9%.

Daily tickets for the…


L.A. Times – Business

Markets Update: Bears Claw Cryptocurrency Prices Down to New Lows

February 1, 2018 |

Markets Update: Bears Claw Cryptocurrency Prices Down to New Lows

Cryptocurrency markets are suffering from new lows on the first of February as nearly every digital asset is down 3-20 percent. Since the last week of December 2017, bitcoin core (BTC/USD) markets are seeing a continuous downward spiral not seen since 2014. At the moment BTC is desperately trying to climb above the $ 9K region at $ 8,950 but buying pressure is showing signs of some flat trade volume across the boards.

Also Read: U.S. Rating Agency to Issue Bitcoin and Cryptocurrency Grades 

BTC/USD Markets See the Most Continuous Price Dumps Since 2014

Last week digital assets were at a crossroads and many bitcoin traders expected either one of two scenarios — either the dumps were over, or markets would continue to slide in value. Trade volume has been weaker this week as global markets are only swapping $ 8-10Bn during 24-hour trading session intervals.

Markets Update: Bears Claw Cryptocurrency Prices Down to New Lows
Bollinger Bands (BTC/USD Coinbase) are getting tighter indicating another big move will be imminent.

The top five exchanges trading the most BTC include Okex, Bitfinex, Binance, Bitflyer, and Upbit. BTC trading with the USD has dropped significantly since last week as the Japanese yen now commands the top currency pair position. The yen leads by 47.8 percent which is followed by the USD (29%), tether (USDT 9%), euro (7%) and the Korean won (2.7%). The South Korean won’s volume with BTC has dropped considerably over the past two weeks. The most-traded digital asset right now according to Shapeshift is ethereum (ETH).

Markets Update: Bears Claw Cryptocurrency Prices Down to New Lows
The Japanese yen controls the most trade volume by currency on February 1, 2018.

Technical Indicators

BTC/USD technical indicators show the decentralized digital asset has erased most of its gains over the sixty-day average. Cryptocurrencies are suffering the most continuous losses since 2014, and traders are uncertain about the current ‘true market value.’ The two Simple Moving Averages both short-term (100 SMA) and long-term (200 SMA) have converged once again on January 30. The 200 SMA is well above the short-term 100 trendline which indicates bears will relentlessly keep pushing the value towards the downside.

Markets Update: Bears Claw Cryptocurrency Prices Down to New Lows
RSI Stoch-levels 2/1/18

At the moment RSI and Stochastic have room to move northbound, and a spike could be in the cards today. Bollinger bands are incredibly tight which indicates an elastic-like rebound could also play out over the next 48-hours. However, traders believe it will likely be a bull trap with the current market sentiment and predictions of hitting the lower $ 8K regions ($ 8,200-8,400). Order books show some crucial foundations between $ 8,900 to $ 8,200 if things continue to fall to the back side. On the flip side, the upward path has less resistance all the way back to the $ 10K region.

Markets Update: Bears Claw Cryptocurrency Prices Down to New Lows
At press time BTC/USD markets are desperately trying to exceed the $ 9K price region hovering around $ 8,950. 

Cryptocurrency Markets, In General, See Major Losses Except for Ethereum

Cryptocurrency markets, in general, are all in red minus a few digital assets. Ethereum’s value has been the strongest over the past two weeks even quietly touching an all-time high. At the moment the second highest capitalization held by ethereum shows markets are down 4.9 percent as one ETH has an average price of $ 1,050. The second highest valued cap still belongs to ripple (XRP) but markets are down 12.4 percent, and XRP is $ 0.98 per coin. Bitcoin cash (BCH) is following the downward trend as well as BCH markets are down 13.2 percent with an average of $ 1,285 per token. Lastly, Cardano ADA is down significantly, with prices seeing a percentage loss of around 16 percent. Cardanos are worth 0.42 per ADA at the time of publication.

Markets Update: Bears Claw Cryptocurrency Prices Down to New Lows
Every digital asset is seeing significant losses in gains. Ethereum (ETH) has performed better than most over the past seven days.

Large Swathes of U.S. Investors Move to Equities Markets for Tax Cuts, While Crypto-Traders Try to Predict the Next Big Price Move   

Market sentiment across the boards is extremely bearish right now, and many traders expected the lowerbound $ 8K zone to happen. Many believe most cryptocurrencies are in deep search of their ‘fair market’ values after rising so fast two months ago. Alongside this USD trade volume commanded quite a bit of trading but since the recent U.S. tax cuts for equities markets, new money has likely jumped to those investment vehicles. With the special incentives for tax cuts, U.S. equities markets have been on fire since the announcement this past week. Further, there’s been nothing but negative news tied to cryptos, and uplifting news doesn’t seem to be in the pipeline right now. For now, some speculators believe prices could still drop to $ 5-7K per BTC while others think there will likely be a big rebound either at our current vantage point or around $ 8,200-8,400 if prices sink that low.

Where do you see the price of BTC and other digital assets heading from here? Do you think cryptocurrencies will see more gains? 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, the film ‘The Revenant’, Bitstamp, Bitcoin Wisdom, AP, and Coinmarketcap.


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The post Markets Update: Bears Claw Cryptocurrency Prices Down to New Lows appeared first on Bitcoin News.

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Trump once again vows to lower drug prices, and once again you shouldn’t believe him

February 1, 2018 |

President Trump told some whoppers in this week’s State of the Union speech: His tax cuts were the biggest ever (they weren’t), he has added 2.4 million new jobs (only if you count former President Obama’s last few months in office), wages are finally rising (they’ve been slowly but steadily climbing…


L.A. Times – Business

Ford Profit Dented by Swings in Commodities Prices

January 25, 2018 |

Ford Motor Co. reported fourth-quarter operating profit that fell short of earlier forecasts, results that signal continued financial pressure as first-year Chief Executive Jim Hackett tries to transform the auto maker.
WSJ.com: US Business

Markets Update: Cryptocurrency Prices Rebound But Uncertainty Still Lingers

January 20, 2018 |

Markets Update: Crypto Prices Rebound But Uncertainty Still Lingers

After the past few weeks of bearish market sentiment within the cryptocurrency economy, a wide variety of digital assets are starting to gain higher values. BTC/USD markets have hit a 24-hour high of $ 13,050 on January 20, after slowing creeping upwards from the low $ 10K range. Overall nearly every token market is up today anywhere between 2-50 percent higher than yesterday.

Also read: Japan’s GDP Grows Due to Bitcoin Wealth Effect

The Market Storm Has Subsided, But What Lies Ahead Is Whole Lot of Uncertainty

Markets Update: Crypto Prices Rebound But Uncertainty Still LingersCryptocurrency markets have seemingly reversed the downward trend in value and have started to gain steam again. At the moment bitcoin core markets are hovering around $ 12,650-12,950 for the three hours. Volume is decent for a Saturday, as BTC markets are seeing roughly $ 11.6Bn in global trade volume while bitcoin core, ethereum, and tether are hold the highest trade volumes today. The top exchanges swapping the most BTC this weekend include Upbit, Bitfinex, Okex, Bithumb, and Binance. The South Korean exchange Upbit has been trading some notable volumes over the past few weeks and has become one of the largest exchanges worldwide.

Over the past few weeks, the U.S. dollar has been the top nation state issued currency traded with BTC. However this week Japan has taken the lead once again, as the yen now captures 36 percent of the global trade volume. This is followed by the USD (32%), tether (USDT 12.8%), the Korean won (7.5%), and the euro (4.9%). The most popular traded cryptocurrency paired with BTC on Shapeshift is still ethereum. The overall market capitalization of all 1,469 digital assets is $ 635Bn, and bitcoin core markets dominate by 34 percent at the time of writing.

Technical Indicators

Looking at the charts things are a bit more bullish than a few days prior. Volume is definitely not as strong but buyers are controlling the market, and BTC/USD market values continue to rise. At the moment there is deep resistance right now at the $ 13,000-13,150 zone but bulls have been slowly chipping away at those orders. It’s safe to say that BTC is struggling to break past crucial resistance levels which could lead to a sell-off point if things cannot hold.  

Markets Update: Crypto Prices Rebound But Uncertainty Still Lingers
RSI and Stochastic levels.

Currently, the two Simple Moving Averages (SMA) have changed courses since our last markets update. The short-term 100 SMA is still below the longer term 200 SMA which indicates the path to resistance will likely head southbound. However, both RSI and Stochastic oscillators are headed northbound showing more room for price improvements, but there’s also room to drop as well. At present order books show thicker sell walls above the $ 13,500 territory alongside even more in the $ 14K regions. On the backside, there is excellent support at the $ 12,200 through $ 11,900 zones, but after that, the books start to thin out. A lot of traders believe the storm is not over and expected a ‘dead cat bounce’ at $ 13K. These negative speculators think bitcoin could range between $ 9,000 to even $ 5,000 in the short term. More optimistic traders believe the storm is over and we should be heading towards the $ 16K zone over the next week while also reaching all new highs next month.

Markets Update: Crypto Prices Rebound But Uncertainty Still Lingers
The price of BTC couldn’t hold above $ 13K and has started to head downwards slightly. The price per BTC at press time is $ 12,740 USD.

Cryptocurrency Markets In General

As mentioned above most cryptocurrency markets are doing very well, and only tether is suffering today because many traders have exited that strategy so they can plot new positions. The second highest market cap is still held by ethereum (ETH) as the market value is up 12 percent. One ETH is averaging $ 1,163 per token, and the market is the second most traded cryptocurrency today. The third position is held by ripple (XRP) as its markets are up 4 percent and each XRP is priced at $ 1.60. Bitcoin cash BCH markets are up by 13.9 percent, and the currency is seeing over $ 800Mn in global trade volume presently. One BCH has an average price of around 2,014 per coin, and the market has a valuation of around $ 34Bn. Lastly, the fifth highest market cap is still controlled by Cardano (ADA) as markets are up 12 percent and each token is priced at $ 0.71 per ADA.

Markets Update: Crypto Prices Rebound But Uncertainty Still Lingers

Again many traders are uncertain of the short-term future that lies ahead as far as government crackdowns and reaching all-time highs. Many agree that so far bear market sentiment may not be over yet and newer lows could happen. If the price can breach past $ 14-15K rigorously, then the trend reversal could have more of a solid foundation. Bulls are maintaining some momentum at the moment, and the next 24-hours may show some clearer signs.

Where do you see the price of BTC and other digital assets heading from here? Do you think cryptocurrencies will see more gains? 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 courtesy of Pixabay, Bitcoin Wisdom, Coinmarketcap, Reddit, and Bitstamp.


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The post Markets Update: Cryptocurrency Prices Rebound But Uncertainty Still Lingers appeared first on Bitcoin News.

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Bitcoin prices drop as South Korea considers banning cryptocurrency exchanges

January 11, 2018 |

Bitcoin slumped to its lowest level since Christmas Day as South Korea’s justice minister reiterated his proposal to ban local cryptocurrency exchanges, fueling concern that a crackdown will erode demand for digital coins in one of the world’s biggest markets.

The minister’s comments to reporters…


L.A. Times – Business

Southern California home prices surge, tying an all-time high

December 27, 2017 |

Southern California home prices surged 8.6% in November compared with a year earlier, tying an all-time high that underscores a drum-tight housing market with few properties for sale, according to a report released Wednesday.

The six-county region’s median home price hit $ 505,000 last month, a…


L.A. Times – Business

Markets Update: Deflated Digital Asset Prices Bounce Back

December 26, 2017 |

Markets Update: Deflated Digital Asset Prices Bounce Back

The price of bitcoin (BTC) has rebounded significantly since our last markets update. BTC markets reached a high of $ 16,100 across many global exchanges around 11:00 am EDT on December 26. The price spike is a big jump from yesterday’s weighted global averages of $ 13,800-14,000 per BTC on Christmas day.

Also read: Bundesbank Board Member: No Plans to Issue State-Backed Cryptocurrency

After the Holiday Lull Crypto-Markets Bounce Back

Markets Update: Deflated Digital Asset Prices Bounce Back
BTC prices have bounced back and are trading between US$ 15,700-16,100 at the time of writing.

Cryptocurrency markets are rebounding today as 9 out of the top 10 digital assets are seeing gains between 1-16 percent. Bitcoin core (BTC) markets have seen the most significant percentage gains and the most volume during the bounce back. At the moment traders are swapping over $ 12.7Bn worth of bitcoin during the course of the past 24-hours. BTC markets are up 16.2 percent and its market capitalization is around $ 270Bn. This metric has improved BTC dominance among the 1382 other digital assets by 45.8 percent, after it reached a low of 42 percent over the holiday weekend.

The top five trading platforms exchanging the most bitcoins globally include Bitfinex, Bithumb, Binance, Bittrex, and Bitflyer. At the moment Bitfinex 24-hour volumes are very close to touching $ 1Bn while the rest of the top five exchanges are swapping $ 250M or more. The U.S. dollar is still the most traded national currency with BTC at the moment, but Japanese yen volumes have increased. The USD is dominating by 38 percent while the yen is 32 percent, followed by the Korean won, tether (USDT), and the euro. Tether volumes have dropped significantly as traders who once used USDT as shelter seem to be exiting that market in high numbers. Over the past three hours BTC prices have ranged between $ 15,700-$ 16,100 during the early afternoon eastern standard time. 

Technical Indicators

Bitcoin core charts look very bullish today as there has been a lot of changes since yesterday’s holiday trading action. Right now the two Simple Moving Averages (SMA) both the short-term 100 SMA and the longer term 200 SMA have converged at 11 am EDT. This means the path to the upside will likely have less bearish pressure in the short term. The Stochastic and RSI oscillators are showing bullish sentiment in the markets as both indicators have seen an uptick northbound.

Markets Update: Deflated Digital Asset Prices Bounce Back
RSI and Stochastic oscillators are showing a healthy rebound.

If bulls continue to wage war against the sell-side order books, they will meet more substantial resistance in the $ 16,250-16,500 zone. Anything $ 16,700 and above has even thicker resistance, and it will take some strength to break these regions. On the backside, support is definitely narrowing down, and strong foundations can be found in three key areas including $ 15,500, $ 15,000 and even stronger support around $ 14,500.

Markets Update: Deflated Digital Asset Prices Bounce Back
Bitcoin markets touch a high of $ 16,100 across global exchanges on December 26, 2017, at 11 am EDT.

The Top Ten Digital Asset Markets Are On the Move Northbound

The top ten cryptocurrencies are all in the green except for NEM which is coming down from a recent price high. Ethereum (ETH) is up close to 2 percent as one ETH is averaging $ 771. Bitcoin cash (BCH) markets are doing well today as markets have increased around 1.3 percent, seeing BCH prices reach $ 3,010 per token. The fourth top market capitalization held by ripple (XRP) is still hanging above a dollar at $ 1.10 per XRP. Litecoin markets are moving up the ladder, seeing gains above 2 percent with one LTC is averaging $ 281 per coin. The rest of the top ten digital asset markets are slowly nurturing their wounds after last week’s big dip.

The Verdict

Overall digital asset traders are optimistic about the increase after experiencing one of the year’s biggest drops in value. The rebound has been a breath of relief for those not used to the big tumbles after cryptocurrencies spike in value. However, some skeptics don’t believe we are out of the woods just yet, and bears could attack this coming New Years weekend again. Other more positive individuals think we will be reaching more all-time highs at the beginning of 2018.

Bear Scenario: Order books on the buy side are much thinner than the sell side, but are definitely stronger than prior to the last ATH. Although, if bulls can’t manage to keep the upwards pressure going $ 13-14K prices are still in the cards at this vantage point.

Bull Scenario: Buyers have done a great job bouncing back from the holiday lulls which has required a lot of energy. If bulls can manage to muster up even more strength, we will see prices touch the $ 16,500 zone in the short term. From there they have a harder fight ahead of them.

Where do you see the price of bitcoin heading from here? Let us know in the comments below.

Disclaimer: Bitcoin 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 courtesy of Shutterstock, Bitcoin Wisdom, Pixabay, and Bitstamp.


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The post Markets Update: Deflated Digital Asset Prices Bounce Back appeared first on Bitcoin News.

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