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| September 24, 2018

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Prices Archives -

Cord-Cutters Beware: Streaming TV Prices Are Marching Higher

September 15, 2018 |

Streaming services like DirecTV Now and Sling TV have added millions of customers by promising big savings over traditional cable and satellite-TV subscriptions. But prices are going up.
WSJ.com: US Business

Southern California home prices climb 5.8% from a year earlier but slip from June’s record high

September 3, 2018 |

The Southern California median home price slipped in July from June’s record high, but it was still up 5.8% from July 2017, according to data released Thursday by real estate firm CoreLogic.

The report showed that last month’s median price — the point at which half the homes sold for more and half…


L.A. Times – Business

S&P 500 touches all-time high as earnings reports drive up stock prices

August 21, 2018 |

U.S. stocks rose Tuesday, placing the Standard & Poor’s 500 index on track to close at an all-time high. The benchmark index of large U.S. companies briefly traded just above its last closing high set seven months ago. The latest gains came as investors welcomed solid results from home builders,…


L.A. Times – Business

Markets Update: Crypto Prices Consolidate After Failing to Surpass Resistance

August 19, 2018 |

Markets Update: Crypto Prices Consolidate After Failing to Surpass Resistance

Cryptocurrency prices have seen some recovery after our last markets update four days ago when a large majority of digital assets lost quite a bit of value. Since then, and more so over the last 48 hours, the entire crypto-economy capitalization ($ 216B) has gained roughly $ 20B. The action yesterday was more bullish as most of the top digital assets were up between 6-20 percent but have since lost some of those gains during this weekend’s trading sessions.

Also read: Testing the Newly Transformed Non-Custodial Coinbase Wallet

Up Moves, Down Moves, and Eight Months of Corrections

Last week was pretty bad for most of the top digital asset markets, except we mentioned during our last markets update that bitcoin core (BTC) spot market prices took the least of the blows downward. Then a little less than 48 hours ago and mostly yesterday cryptocurrency markets picked up again with BTC touching a high of $ 6,615 on Bitstamp. But on Friday, August 17 most digital asset markets besides BTC reaped a lot more gains as a good portion of the top markets saw 10-20 percent spikes.

Markets Update: Crypto Prices Consolidate After Failing to Surpass Resistance

The biggest gainers were ripple (XRP), monero (XMR), and stellar (XLM) as the values of each currency are up between 2-5 percent over the last seven days. Top digital currency trade volumes today are held by BTC, USDT, ETH, EOS, XRP, and BCH. There’s been about $ 14B USD worth of trade volume swapped among all 1600+ virtual currencies.  

Bitcoin Cash (BCH) Market Action

Bitcoin cash (BCH) markets are down today 4.3 percent while the past seven days show BCH is also down 2.2 percent. At the time of writing, BCH/USD markets are valued at $ 560 per coin with an overall market valuation of around $ 9.68B today. The top five exchanges swapping the most BCH this weekend are Okex, Coinex, Binance, Hitbtc, and Bitfinex.

Markets Update: Crypto Prices Consolidate After Failing to Surpass Resistance

Market volume is fairly decent, but weaker with $ 420M USD worth of BCH traded over the last 24 hours. Right now the top currency paired with bitcoin cash on exchanges is tether (USDT) which captures 49.2 percent of all trades. This is followed by BTC (27.5%), USD (10.5%), ZB (3.44%), QC (3.16%), and the KRW (2.15%).

Bitcoin Core (BTC) Market Action

Bitcoin core (BTC) prices are up about 1 percent over the last seven days worth of trading sessions but are down 1.9 percent today. At press time the average price for BTC is around $ 6,430 per coin and BTC’s market capitalization is $ 110B. The top exchanges today trading the most BTC include Bitflyer, Binance, Coinbene, Bitfinex, and Okex.

Markets Update: Crypto Prices Consolidate After Failing to Surpass Resistance

As mentioned above, BTC captures the top volume position with around $ 4B in 24-hour trade volume which is much weaker than the $ 5.5B traded four days ago. The top pairs trading with BTC involve the following currencies tether (USDT 59.1%), USD (19.6%), JPY (11.5%), EUR (2.9%), KRW (2.3%) and bitcoin cash (BCH 1.7%).

The Verdict: Uncertain Predictions

At the moment, even with prices showing some upswing, and some traders believing cryptocurrencies will enter a bullish trend, most traders still seem pessimistic. It’s difficult to see digital assets rise with dwindling trade volumes. Furthermore, a lot of confidence has been shot over the last eight months of false bull flags and many psychological price levels degrading. Some believe there is a noticeable support zone and prices may still move sideways and test these zones again. Other, more optimistic traders think the path of least resistance is towards the upside and markets are entering a bearish-to-bullish trend. Much of these short-term theories will likely be confirmed within the next 48 hours.

Where do you see the price of BTC, BCH and other coins headed from here? Let us know in the comment section 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, and Satoshi Pulse.


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

 

The post Markets Update: Crypto Prices Consolidate After Failing to Surpass Resistance appeared first on Bitcoin News.

Bitcoin News

Cable’s answer to cool new streaming services? Soaring internet prices

August 14, 2018 |

The good news: More “skinny bundles” of pay-TV channels will be available to consumers as a growing number of households abandon fat programming packages and seek cheaper online streaming options for home entertainment.

The bad news: Analysts say cable and phone companies, quickly adapting to this…


L.A. Times – Business

Markets Update: Crypto Prices Consolidate After Some Volatility

August 11, 2018 |

Markets Update: Crypto Prices Consolidate After Some Volatility

Cryptocurrencies markets have been volatile and very indecisive over the last 48-hours as the entire digital asset economy lost billions in value since US regulators postponed their decision concerning the Cboe/Vaneck BTC-based exchange-traded fund (ETF) last week. This Saturday, August 11, during the afternoon’s digital currency trading sessions (EDT), cryptocurrency trade volumes and price values are seeing some slight recovery.

Also Read: Wormhole Mainnet and Developers’ Guide Launched

Saturday Trading Sessions Show Some Market Rebounds

At the moment a vast number of digital assets have rebounded back a hair after being smashed down by bearish forces over the last two days. At the time of writing the entire cryptocurrency economy is valued at $ 219B and there’s been $ 13.5B worth of digital assets traded over the last day. The top cryptocurrency market capitalizations are seeing some recovery after dropping very low during the early morning trading sessions. For instance, bitcoin core dipped to a low of $ 6,062 this morning, but around 1 pm EDT BTC/USD market valued pumped back up to a high of $ 6,494 per coin. However, most coins besides BTC have lost significantly more and BTC’s market dominance among all 1,600+ capitalizations has crossed the 50 percent region.

Bitcoin Core (BTC) Market Action

At the time of publication, the price of bitcoin core (BTC) per coin is roughly $ 6,390 on Bitstamp. The currency’s market valuation is $ 110B and there’s been $ 4.6B traded over the last 24-hours. The top trading platforms swapping the most BTC today includes Bitflyer, Okex, Binance, Bitfinex, and Fcoin. The biggest pair traded with BTC on August 11 is tether (USDT) which is capturing 54 percent of trades. This is followed by USD (25.6%), JPY (9.7%), EUR (3.12%), and BCH (2.6%).

Markets Update: Crypto Prices Consolidate After Some Volatility

BTC/USD Technical Indicators

After the quick pump up, BTC/USD charts are moving sideways for the time being after losing a touch of the gains. Right now the 4-hour BTC chart on Bitstamp and Coinbase show the MA100 is above the MA200 but the trend lines look like they may cross hairs. Currently, this indicates the path of less resistance could be towards the upside if things stay positive. RSI levels are mid-range (47.15) confirming indecisiveness at the moment, for now, buyers are able to keep the current support afloat. Looking at order books on the upside is not so bad if BTC bulls keep pressing without exhaustion. There will be definite pit stops at $ 6,650 through $ 7K for bulls to penetrate the higher ground. On the flipside, if bears can manage to fight harder then things will be tough for them at $ 6,100-6,200 and broader support at $ 5,850.

Markets Update: Crypto Prices Consolidate After Some Volatility

Bitcoin Cash (BCH) Market Action  

Bitcoin cash (BCH) prices are around $ 568 per coin right now and the overall market valuation of BCH is $ 9.87B today. BCH markets hold the fifth highest trade volume above ripple (XRP) and below EOS. There’s been $ 359M worth of BCH traded over the last 24-hours and the top BCH exchange today is Coinex. The other top exchanges swapping the most BCH this Saturday includes Okex, Binance, Huobi, and Hitbtc. Tether (USDT) captures the most BCH trades today with 56 percent of all bitcoin cash swaps. This is followed by BTC (27.5%), USD (9.2%), QC (2.3%) and ETH (1.9%).

Markets Update: Crypto Prices Consolidate After Some Volatility

BCH/USD Technical Indicators

Looking at charts today shows BCH markets have also seen a small uptick in price values this Saturday. The MA200 is above the MA100 trendline which could mean some downside dips after the day’s higher percentages. RSI levels (38) are lower than BTC as BCH/USD trading session showing signs of bears getting exhausted. Similarly to BTC/USD prices, BCH peaked earlier but since then the heat has simmered down. Looking at order books towards the northside shows BCH bulls must muster up enough energy to surpass resistance between the current vantage point and $ 600. Beyond that, there could be another pitstop around $ 650 per BCH as well. If bears find a way to bring markets down again there’s plenty of foundational support at $ 550 through $ 530.

Markets Update: Crypto Prices Consolidate After Some Volatility

The Verdict: Short-Term Uncertainty and Indecisive Markets

As we stated above the verdict this weekend is uncertainty mixed with a dose of indecisive markets. With the ETF decision postponed and the past seven months of pumps and dumps its hard to know what’s in store for cryptocurrency values over the next few weeks.

Markets Update: Crypto Prices Consolidate After Some Volatility

For now, prices are showing signs of consolidation and traders are moving into new positions — While some traders definitely are hoping to catch some cheap prices others think a reversal may be in the cards soon.

Where do you see the price of BTC, BCH and other coins headed from here? Let us know in the comment section 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, and Satoshi Pulse.


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

 

The post Markets Update: Crypto Prices Consolidate After Some Volatility appeared first on Bitcoin News.

Bitcoin News

Stocks slip; oil prices weigh on energy companies

August 8, 2018 |

U.S. stocks are slightly lower Wednesday morning after a four-day winning streak brought the Standard & Poor’s 500 index to a six-month high. Energy companies are slipping along with oil prices. Wall Street is mainly focused on company earnings even after the United States said it will put new…


L.A. Times – Business

Crowd Psychology Driving BTC Prices, Finance Experts Say

July 28, 2018 |

Crowd Psychology Driving BTC Prices, Finance Experts Say

According to a survey conducted among finance professionals, ‘crowd psychology’ is the main factor determining the movements of bitcoin market prices. More than half of the polled experts shared this opinion. Many of the individuals surveyed also expressed concerns about the issue with crypto custody, saying that the way cryptocurrency is stored now prevents BTC from becoming a global reserve asset.

Also read: PR Specialists in the Russian Crypto Space Paid 10x the Average Salary

The Phenomenon Behind the Recent Price Spike

Cryptocurrencies have been through a lot of downturns this year but the latest upward trend on the back of positive expectations has provided ground for optimism. Bitcoin core markets are recuperating from this year’s lows of less than $ 6,000 USD per one BTC in June to more than $ 8,000 USD this month (~40 percent increase). Now a new survey has revealed what finance professionals think about the major factors that are moving the price of the digital asset.

Crowd Psychology Driving BTC Prices, Finance Experts SayMore than half of the respondents in the poll conducted by Data Trek Research believe the recent market developments are closely correlated to the so-called “crowd psychology” phenomenon, also known as herd or pack mentality. 52 percent of the questioned said that’s the main driver of the price of the cryptocurrency with the largest market capitalization.

According to Nicholas Colas, co-founder of Data Trek Research, this is the single most surprising response of the whole survey, Market Watch reported. Commenting on the results of the study, he said:

Finance professionals make their livings by analyzing asset values through the lens of fundamental/quantifiable factors. That more than half of respondents believe valuation in the crypto space is “purely a function of crowd psychology” is refreshing in its honesty.

Usage Not a Significant Factor

Crowd Psychology Driving BTC Prices, Finance Experts SayOn the other hand, only 15 percent of the polled experts think the price of bitcoin core (BTC) is a function of the growing usage of the cryptocurrency.

The survey also found that the issue with crypto custody, or the way cryptocurrencies are held and stored, is a major concern for many investors. 38 percent of the questioned said BTC would never become a reserve asset on a global scale.

Of the 216 professionals that have participated in the Data Trek poll, 42 percent are employed in the traditional money management industry and another 24 percent are working as brokers.

Just in the past two weeks, BTC markets have gained approximately 30%. After a brief descent below $ 8,000, at the time of writing bitcoin (BTC) is again trading above this threshold.

What is your opinion about the major factors influencing the prices of cryptocurrencies? Tell us in the comments section below.


Images courtesy of Shutterstock, Michael Novogratz (Twitter).


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The post Crowd Psychology Driving BTC Prices, Finance Experts Say appeared first on Bitcoin News.

Bitcoin News

Chinese Reversing Big U.S. Real Estate Buying Spree That Had Helped Boost Prices

July 25, 2018 |

Chinese real-estate investors, facing pressure from Beijing, are reversing a yearslong buying spree in the U.S. where they often paid record prices for marquee properties like New York’s Waldorf Astoria hotel.
WSJ.com: What’s News Asia

Airfares continue to drop even as jet fuel prices climb

July 17, 2018 |

The average domestic airline ticket cost $ 346 in the first three months of the year, an approximately 3.7% decline from the same period last year and the latest drop from an industry that has been facing rising jet fuel prices.

The airfares, reported Tuesday by the U.S. Bureau of Transportation…


L.A. Times – Business