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Market Update: Economists Envision Global Recession While Crypto Prices Soldier On

August 26, 2019 |

Last week cryptocurrency prices bounced around after a majority of coins dropped in value on August 21. Today on August 26, digital currency markets have gained around 1.52%, gathering $ 4 billion since the initial slump. Despite the volatility, cryptocurrencies have consolidated and a few speculators believe a breakout is on the cards that could send prices sky-high or plunge below the current support.

Also read: Send Token Payouts With Ease Using Bitcoin.com’s SLP Dividend Calculator

Top Crypto Coins Slowly Move Northbound

On Sunday, August 25, the price of bitcoin core (BTC) gathered steam again after tumbling below the $ 10K zone. During the late evening trading sessions, BTC prices vaulted upwards $ 500 in a matter of minutes and many other markets also saw gains. Currently, the price of BTC is hovering around $ 10,342 per coin and there’s more than $ 17 billion worth of trade volume today. BTC’s market cap is $ 185 billion this Monday, which is 69% of the $ 267 billion dollar market cap of all 2,000+ coins.

Market Update: Economists Envision Global Recession While Crypto Prices Soldier On
Top 10 digital currency markets on Monday, August 26, 2019.

BTC/USD markets are up 2.27% today but are down 3.4% for the week. Following BTC is ethereum (ETH), which is up 0.5% today and down 5.3% over the last seven days. ETH is trading for $ 189 a coin and has an overall market valuation of about $ 20.4 billion. Ripple (XRP) is selling for $ 0.27 and prices have dipped in value over 3.8% in the last week. The fifth largest market valuation is held by litecoin (LTC) which is swapping for $ 74. LTC lost 3.9% last week but over the last 24 hours, LTC is up 1.61%.

Bitcoin Cash (BCH) Market Action

Bitcoin cash (BCH) markets have been holding steady and at press time one BCH is swapping for $ 309. BCH/USD is up 1.31% today but lost 4% over the course of the week. On Monday, August 26, BCH is the sixth most traded coin below EOS and above XRP with $ 1.37 billion in trade volume. USDT is the strongest pair trading against BCH with 56% of all global trades. This is followed by swaps with BTC (26%), USD (7.7%), ETH (6.4%), KRW (1.9%), and EUR (0.43%). The exchanges swapping the most bitcoin cash include Coinbene ($ 182M), Hitbtc ($ 70M), Okex ($ 50.4M), Digifinex ($ 46.6M), and Bibox ($ 38M). Bitcoin cash transactions in the last 24 hours were around 39,310 with a daily average this week just above 40K.

Market Update: Economists Envision Global Recession While Crypto Prices Soldier On
Bitcoin cash (BCH) spot price on August 26, 2019.

With a Possible Economic Crisis on the Horizon, Will BTC Act as a Safe Haven Asset Like Gold?

As the global economy shudders and prepares to embrace a looming recession, precious metal markets have rocketed while cryptocurrencies have seen lighter inflow. Some digital currency influencers are not so sure BTC is a safe haven asset right now. Speaking in an interview on the financial newswire Bloomberg, Spencer Bogart, a Blockchain Capital executive, is not quite convinced that an economic crisis is on the horizon. “When you think about really severe crises taking place, a liquidity crunch, another global financial crisis, I think that bitcoin will struggle to do very well from a price perspective,” Bogart explained. Despite the possible struggle, Bogart thinks in the “longer term bitcoin will absolutely be a safe haven.”

Market Update: Economists Envision Global Recession While Crypto Prices Soldier On
Bitcoin core (BTC) spot price on August 26, 2019.

In another interview on Nasdaq Trade talks, Nelson Minier, Kraken’s over-the-counter (OTC) lead executive, shared similar opinions. “I’m not so sure that it’s a safe haven asset yet, but I do think that it’s starting to act like one. I think that people are starting to portfolio manage, are starting to come in slowly. And when the market is getting shaky you saw Bitcoin rise, I mean, you wouldn’t see that before, it was trading like a risky asset,” Minier said. Just like Bogart, however, Minier remarked that BTC will likely fall into that category, stating “we’re heading that way for sure.”

BTC Price Reacts in Real-Time to Trump Trade War Tweets

On August 23, U.S. President Donald Trump told the American public that the trade war between the U.S. and China would continue to escalate. Immediately after the Trump tweets the price of BTC/USD spiked and well-known macro trader Alex Krüger noticed a chart milestone. “Today was the first time BTC reacted sharply in *real-time* to a Trade War breaking headline or USD/CNY fix,” Krüger tweeted. “As far as I can recall, this, in fact, is the first time BTC reacts in real-time to any event outside of crypto,” the trader added.

Similarly to gold, some speculators believe digital currencies can act as a safe haven asset in order to hedge against macroeconomic uncertainties. The tensions between the U.S. and China also made the price of gold jump more than 2.4% and the price per ounce of gold (Au) right now is $ 1,530.

Market Update: Economists Envision Global Recession While Crypto Prices Soldier On
Gold (Au) spot price on August 26, 2019.

Bitcoin Cash (BCH) Markets Still Indicate an Upward Trend

According to cryptocurrency price analysts, bitcoin cash (BCH) looks poised to break out northbound. The trader Mehak Punjabi explained on August 26 that the price of BCH may continue to rise higher and could target a price of around $ 330 per coin. “By comparing the price of BCH coin from its lowest value which was $ 283.29 on 15-Aug-19 at 05:00 UTC and the current trading price, BCH indicates a bullish trend by 10%,” Punjabi said. “The CMF indicator also reflects that the bitcoin cash price is indicating an upward trend. The 7-day high price of the coin $ 326.88 points the next target of BCH towards $ 330.” The analyst added:

Trading in the BCH for a long term will yield great returns and dividends.

Crypto Markets May Experience Extreme Economic Fallout for the First Time

Overall, most crypto supporters are still positive about the long term game but are still uncertain about the current period and whether digital currency markets will remain vibrant during a deep economic recession. Currently, the economies in Latin America are floundering and many countries in South America are dealing with severe inflation compared with the rest of the world. Economic growth in India is falling below average and the country’s Finance Minister Nirmala Sitharaman has plans to focus on priming lending and foreign funding. Moreover, Time reports that 34% of U.S.-based business economists are concerned that the U.S. will see a deep economic recession within the next two years. Most of the economists who participated in the National Association for Business Economics survey believe that America will see the economy tumble hard by the end of 2021.

Market Update: Economists Envision Global Recession While Crypto Prices Soldier On
Money flow into crypto on August 26, 2019.

With the macroeconomic uncertainty in the air and signs of distress, it is still hard to picture what crypto markets will do during an economic fallout. Bitcoin itself was born from the ashes of the 2008 economic crisis and has yet to experience a global recession of that magnitude. For now, with all the ‘doom and gloom’ happening worldwide, seeing a macro hedge spur from gold markets is normal. Despite over-exuberant optimism, no one really knows if cryptocurrencies such as BTC will act in the same manner if the global economy worsens. For now, it’s a case of wait and see.

Where do you see the price of bitcoin cash and the rest of the crypto markets heading from here? Let us know what you think about this subject in the comments 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, Crypto Fear & Greed Index, Trading View, Bitcoin.com Markets, and Coinlib.io.

Want to create your own secure cold storage paper wallet? Check our tools section. You can also enjoy the easiest way to buy Bitcoin online with us. Download your free Bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely.

The post Market Update: Economists Envision Global Recession While Crypto Prices Soldier On appeared first on Bitcoin News.

Bitcoin News

Market Update: Prices Drop as Crypto Sentiment Enters the Fear Zone

August 21, 2019 |

Markets Update: Prices Drop as Crypto Sentiment Plunges Below the Fear Zone

Cryptocurrency markets fell hard on August 21 following the $ 700 price drop bitcoin core (BTC) saw during the early morning trading sessions. Most digital assets have lost 2-8% in value as the overall market valuation of all 2,000+ coins has plunged to $ 263 billion. Crypto price movements have been following a trend of strong volatility, having been turbulent for several weeks.

Also read: The World Bank’s Blockchain Bond Is Just a Fancy Way of Selling Debt

The Top Digital Currency Markets See Percentage Losses

BTC and a slew of other digital assets dropped significantly on Wednesday. At the time of publication, there’s been around $ 59 billion worth of daily trades happening between the most popular coins. BTC holds the top position and commands 69% of the $ 263 billion dollar market cap. At the moment, BTC is hovering at around $ 10,124 per coin and has an overall market valuation of about $ 181 billion. The top fiat currencies traded with BTC on Wednesday include JPY and USD and tether (USDT) captures more than 66% of all BTC trades. BTC has lost 5.8% over the last 24 hours and 2% in the last seven days.

Market Update: Prices Drop as Crypto Sentiment Enters the Fear Zone

The second highest valued market cap belongs to ethereum (ETH) where each coin is being swapped for $ 185 per coin. ETH is down 5.8% today and there’s $ 7.4 billion in global ETH trades. Following ETH is ripple (XRP) which has seen the least volatility over the last few weeks. One XRP is trading for $ 0.26 and markets are down 3.3% today and 4.9% for the week. Lastly, litecoin (LTC) commands the fifth-largest valuation and each LTC is trading for $ 72. LTC has dropped only 3.5% today but lost more than 8% this week.

Market Update: Prices Drop as Crypto Sentiment Enters the Fear Zone
On August 21, 2019 during the price slide, tether (USDT) is a dominant pair for every major cryptocurrency. Did you know you can now easily buy Bitcoin with a credit card? Visit our Purchase Bitcoin page where you can buy BCH, BTC, ETH, XRP, BNB, and LTC securely, and keep your BCH and BTC secure by storing them in our free Bitcoin mobile wallet.

Bitcoin Cash (BCH) Market Action

Bitcoin Cash (BCH) still holds the fourth position and each BCH is trading for $ 299. BCH has an overall market cap of around $ 5.3 billion and about $ 1.39 billion in trade volumes. Today BCH is down more than 5% and over 8% over the last seven days. Daily transactions (txn) this Wednesday have been around 43,000 and BCH has had an average of about 40K txn every day since April. BCH is the sixth most traded digital asset on August 21, just below EOS and above XRP. Tether (USDT) captures around 58% of all BCH trades which is followed by BTC (22.5%), USD (8.4%), ETH (6%), and KRW (2.5%).

Market Update: Prices Drop as Crypto Sentiment Enters the Fear Zone

The Verdict: Short-Term Crypto Sentiment Shows Extreme Fear While Long-Term Believers Are Still Cheerful

Despite the falling prices, traders and crypto enthusiasts on social media are still optimistic about digital currency markets and BTC prices. Popular Twitter trader Jacob Canfield says the charts look like a “pretty classic rising wedge that hit resistance.” “First support zone didn’t hold up price at all — Ideal buy zone $ 8900-$ 9100 if we can get there,” Canfield concluded on Wednesday. Meanwhile, Mark Mobius, the founder of Mobius Capital Partners, told the press this week that cryptocurrencies like bitcoin are “psycho currencies.” “I call them psycho currencies because it’s a matter of faith whether you believe in bitcoin or any of the other cyber-currencies,” Mobius explained during an interview.

Market Update: Prices Drop as Crypto Sentiment Enters the Fear Zone
“[The crypto surge] began with the European Central Bank and was followed swiftly by a U-turn into interest rate cuts from the Federal Reserve,” Henny Sender said this week.

Meanwhile, traditional markets like stocks and bonds have been just as shaky and some people believe that institutional and retail investors are hedging macro risks with digital currencies. The Financial Times’ chief correspondent Henny Sender wrote a column for the Nikkei Asian Review which suggests central banks are pushing investors toward cryptocurrencies. “Central banks drive demand for bitcoin by devaluing their currencies,” the reporter detailed. “Cryptocurrency, wildly popular in China, is now a safe-haven asset.” Sender’s editorial continued:

Central banks have played a big role in driving this latest rally in crypto. That is because they have adopted policies which amount to competitive currency devaluations in the name of reflating their economies, in response to protectionist policies as the trade war leads to slower growth everywhere.

Market Update: Prices Drop as Crypto Sentiment Enters the Fear Zone
Today the current Fear & Greed Index is an 11, which points to “extreme fear” in regard to the crypto community’s emotions and sentiments.

For now, BTC, ETH, BCH and the rest of the top digital currencies are feeling the pressure of weak hands, day-trading scalpers, and short-sellers. Even with a large number of optimistic hopium huffers on crypto Twitter, people are uncertain of what will happen next according to sentiment data. The current Crypto Fear & Greed Index, which analyzes the emotions and sentiments from different sources and crunches them into one simple number, is low today. At press time, the Fear & Greed Index for BTC and other popular digital assets rests at “extreme fear” or #11. The index was in “fear” (39) yesterday, where it has spent the entire month.

Where do you see the price of bitcoin cash and the rest of the crypto markets heading from here? Let us know what you think about this subject in the comments 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, Crypto Fear & Greed Index, Trading View, Bitcoin.com Markets, and Coinlib.io.


Want to create your own secure cold storage paper wallet? Check our tools section. You can also enjoy the easiest way to buy Bitcoin online with us. Download your free Bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely.

The post Market Update: Prices Drop as Crypto Sentiment Enters the Fear Zone appeared first on Bitcoin News.

Bitcoin News

Bitcoin Futures Update: Bakkt Testing, CME Breaks Records, and a $100K Call Option

July 23, 2019 |

Bitcoin Futures Update: Bakkt Testing, CME Breaks Records, and a $  100K Call Option

Over the last few months, the interest surrounding cryptocurrency derivatives products has been growing fast. For some time now, open interest in CME’s bitcoin futures has been breaking records. Bakkt’s futures platform began testing contracts on Monday and the company says there are participants from all around the world. Elsewhere, bitcoin derivatives provider Ledgerx is listing a huge $ 100K call option with a December 2020 expiry.

Also read: Honestnode Founder Discusses the First Stablecoin Built on Bitcoin Cash

Bakkt Begins Testing Its Daily and Monthly Physically-Settled Bitcoin Futures

On July 22, the Intercontinental Exchange’s (ICE) long-awaited cryptocurrency futures trading subsidiary Bakkt began testing its futures contracts. “Today kicks off user acceptance testing ICE markets for the Bakkt Bitcoin daily and monthly futures contracts. Testing is proceeding as planned with participants from around the world,” Bakkt tweeted on Monday. The parent company of the New York Stock Exchange, ICE announced the BTC futures offering about a year ago, but Bakkt’s physically-settled bitcoin futures was delayed. In order to provide the new derivatives products, Bakkt partnered with the ICE futures exchange so the service can provide clearing infrastructure for physical delivered bitcoin futures contracts to market participants. “Participants will undergo applicable AML/KYC reviews, consistent with CFTC-regulated markets and connect via ICE’s existing infrastructure,” Bakkt’s website explains.

Bitcoin Futures Update: Bakkt Testing, CME Breaks Records, and a $  100K Call Option
Intercontinental Exchange chairman and CEO, Jeff Sprecher (right), with his wife and Bakkt CEO Kelly Loeffler (left).

According to Bakkt’s blog, the company is testing two different kinds of products traded at ICE Futures U.S. and cleared at ICE Clear US. Former Coinbase executive and Bakkt COO, Adam White, said the launch will usher in a new standard for accessing cryptocurrency markets. “Compared to other markets, institutional participation in crypto remains constrained due to limitations like market infrastructure and regulatory certainty — This results in lower trading volumes, liquidity, and price transparency than more established markets like ICE’s Brent Crude futures contract, which has earned global trust in setting the world’s price of crude oil,” White opined. The Bakkt executive added:

Bakkt’s efforts to help institutions launch safely into this market is the right stuff for the future.

Other firms like Erisx and Ledgerx are also planning to offer physically-settled bitcoin futures contracts. On June 25, news.Bitcoin.com reported on Ledgerx’s designated contract market (DCM) license approval by the U.S. Commodity Futures Trading Commission (CFTC) to offer these products to institutional and retail investors.

Bitcoin Futures Update: Bakkt Testing, CME Breaks Records, and a $  100K Call Option
Bakkt Bitcoin (USD) monthly futures contract. The exchange is also offering a daily contract as well.

The Centurion Contract: A $ 100K BTC Call Option

The U.S.-based crypto derivatives and clearing platform Ledgerx announced on July 17 that current investors can purchase a $ 100K call option called the “Centurion Contract” with a December 2020 expiry. Essentially this means that the price has to be $ 100,000 per BTC by 2020 and the market capitalization of BTC would be over 2 trillion dollars. “How much would you pay today for the right to buy one bitcoin for $ 100,000 in December 2020?” Ledgerx tweeted. “$ 100K option now available to Ledgerx customers, coming to all investors soon,” the company teased.

“Dozens and dozens of institutions got back to us saying we’d be interested in trading a contract like this,” Chief Executive Officer Paul Chou told the press. “I understand $ 100,000 is a large number, but a lot of us who’ve been in this space remember Bitcoin at $ 1, and then it hit $ 10 and $ 100 and $ 10,000. A $ 100,000 contract doesn’t even make us blink.”

Following May’s Records, CME Group’s Bitcoin Futures Touch All-Time Highs in June

During the first week of June, news.Bitcoin.com briefed our readers on the Chicago Mercantile Exchange (CME Group) seeing a massive amount of interest for its bitcoin futures in May. For instance, the exchange posted 33,000 contracts ($ 1.3 billion notional value) on May 13. After that record day, CME’s open interest for its bitcoin derivatives positions saw an all-time high of approximately 5,190 contracts the following week. The rise in interest in CME’s bitcoin products had continued to grow larger in June.

“CME Bitcoin futures reached a record $ 1.7B in notional value traded on June 26, surpassing the previous record by more than 30% — The surge in volume also set a new open interest record of 6,069 contracts as institutional interest continues to build,” CME Group stated.

Bitcoin Futures Update: Bakkt Testing, CME Breaks Records, and a $  100K Call Option
CME Group’s bitcoin futures open interest broke records in May and then again in June with 6,069 contracts.

CME Group has reaped the benefits of more investors when the Chicago Board Options Exchange (Cboe) announced it was ending its bitcoin futures products back in March. Being one of the largest derivatives marketplaces worldwide, CME Group followed Cboe’s trail after the company launched its futures products in December 2017. For a while, Cboe smashed records and led the race between the two global market companies. Many spectators have assumed that the latest bullish prices have been due to professional traders and larger financial institutions who want to get in on these types of markets, even with the large price fluctuations.

Bitcoin Futures Update: Bakkt Testing, CME Breaks Records, and a $  100K Call Option

Overall, people think that large institutions gearing up to offer cryptocurrency derivatives and other types of crypto products will continue to entice institutional investors who would rather use traditional investing terminals. Two weeks ago, Fidelity International launched a cryptocurrency trading simulator, and according to reports a few days ago, the company has also filed an application to be a New York Trust. Prior to launch, Bakkt will have to obtain approval from the New York Department of Financial Services (NYDFS) as well. The company Seed CX revealed two of its subsidiaries, Seed Digital Commodities Market and Zero Hash, were granted the 20th and 21st Virtual Currency License approvals from the NYDFS. When the company announced the approvals, Seed CX disclosed it also has plans to offer a market for CFTC-regulated digital asset derivatives products.

What do you think about the recent interest in cryptocurrency derivatives products? Let us know what you think about this subject in the comments section below.


Image credits: Shutterstock, Pixabay, CME Group, Twitter, and Bakkt.


Do you want to keep an eye on moving cryptocurrency prices? Visit our Bitcoin Markets tool to get real-time price updates, and head over to our Blockchain Explorer tool to view all previous BCH and BTC transactions.

The post Bitcoin Futures Update: Bakkt Testing, CME Breaks Records, and a $ 100K Call Option appeared first on Bitcoin News.

Bitcoin News

Bitcoin Cash Merchant Adoption Grows and Exchange Supports BCH in the Weekly Video Update

July 14, 2019 |

Businesses around the world continue to adopt bitcoin cash as a payment method and an exchange adds support for trading BCH. Watch these and other developments discussed in this week’s video update hosted by Roger Ver on Bitcoin.com’s Youtube channel.

Also Read: Win 2019 Rugby World Cup Tickets When You Play at Games.Bitcoin.com

Bitcoin Cash Adoption Grows Around the World

In the weekly video update, Bitcoin.com CEO Roger Ver talks about some of the work that is happening to onboard new merchants to BCH around the world, from Venezuela to Japan. He also discusses technological developments happening in the Bitcoin Cash ecosystem and planned celebrations for the August 1 anniversary. Plus, watch the video to the end to see Roger’s response to U.S. President Donald Trump’s crypto tweetstorm.

There are currently over 1,250 merchants accepting BCH listed on Marco Coino and about 2,000 ATMs around the world. For Japan, www.bitcoin.jp/merchants has a list of BCH-accepting merchants with location details, contact info, pictures and more.

Singapore-based cryptocurrency trading platform Liquid has announced the addition of a new BCH/USDC trading pair, allowing its users to accept bitcoin cash or to trade it for the stablecoin. Exchange users will also soon be able to connect their accounts to the Bitcoin Cash Register app and receive USDC directly. This is a simple point-of-sale (PoS) app from Bitcoin.com that allows any business to accept BCH payments.

Bitcoin Cash Register lets merchants choose from over 150 fiat currencies, and cash out customers wanting to pay in BCH in a non-custodial manner, without any registration. The app is available for iOS and Android devices and has surpassed 10,000 installs on the Google Play store.

Local.Bitcoin.com Referral Competition

Bitcoin.com is giving you the chance to win $ 1,500 to spend on flight tickets to the destination of your choice, $ 500 to spend on the mobile phone of your choice, and one of eight $ 100 Amazon gift vouchers. Sign up at Local.Bitcoin.com and share your unique referral code for a chance to win. The more referrals you make, the higher your chances of winning. Follow our Twitter channel @BitcoinCom for more details.

Since its launch on June 4, Local.Bitcoin.com has grown to over 27,000 users and facilitated the trading of more than $ 300,000 in total volume. The peer-to-peer marketplace allows users to trade bitcoin cash anonymously and without any KYC. It lets traders choose from a range of payment methods, with the most popular being bank transfer at 35%, Paypal 11%, Alipay 12%, Venmo 6%, cash in person 6%, UPI (India) 5%, cash deposit 5% and gift cards at 5%.

Make sure to subscribe to the Bitcoin.com Youtube channel and leave a comment on the latest video.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post Bitcoin Cash Merchant Adoption Grows and Exchange Supports BCH in the Weekly Video Update appeared first on Bitcoin News.

Bitcoin News

Bitcoin Cash Register Surpasses 10,000 Installs and BCH is Coming to Brave in Weekly Video Update

July 1, 2019 |

Bitcoin Cash Register has surpassed 10,000 installs on the Google Play Store, live streaming platform Twitch reinstates cryptocurrency payments and BCH is coming to the Brave web browser. Watch these and other developments discussed in this week’s video update on Bitcoin.com’s Youtube channel.

Also Read: Over 22,000 Traders Have Now Signed up to Local.Bitcoin.com

Twitch Reenables Cryptocurrency Payments

Twitch is a video streaming platform owned by Amazon with more than 15 million unique daily visitors who mainly use it for watching live gaming and esports. Earlier this year, the website stopped accepting cryptocurrency payments by removing support for Bitpay. However, recently Twitch users have reported that the option to pay with bitcoin cash (BCH) and bitcoin core (BTC) is available once again.

Speaking about Bitpay, the leading cryptocurrency payment processor has launched a new directory for anyone who is looking for recommended places to spend their BCH or BTC. The directory features a variety of retailers, arranged by categories such as electronics and fashion. The entertainment and gaming section still doesn’t mention that Twitch is back, but does cover other online play options such as Chess.com.

In addition to enabling businesses to accept crypto payments, Bitpay also empowers charities to accept donations in digital assets. Recently the Tony Hawk Foundation announced it is now accepting cryptocurrencies from supporters through Bitpay.

BCH is Coming Soon to Brave Browser

Brendan Eich is creator of the Javascript programming language, co-founder of Mozilla and Firefox and current CEO of Brave Software. Eich revealed on Twitter that bitcoin cash (BCH) is coming soon to the Brave browser as an additional funding option in version 0.68 of the app. Brave is an open-source web browser based on Chromium that blocks ads by default but allows users to support the sites they visit with cryptocurrency.

The HTC Exodus 1 phone will also feature Brave as the default browser in its upcoming release. Bitcoin.com CEO Roger Ver commented: “I think I may have to switch my phone to an HTC phone once all of this is out.”

Bitcoin Cash Register Surpasses 10,000 Installs

Bitcoin Cash Register is a simple point-of-sale (PoS) app from Bitcoin.com that allows any business to accept BCH payments at any retail location. Merchants can choose from over 150 fiat currencies, and cash out customers wanting to pay in BCH in a non-custodial manner, without any registration. The app is available both for iOS and Android devices and has surpassed 10,000 installs on the Google Play Store.

The weekly video update also covered a couple of upcoming community events. The newest Bitcoin Cash Conference is coming to North Queensland, Australia, on Sept. 4 – 5. And Anarchovegas is coming up this July 20 – 21 in Las Vegas, Nevada, promoting individualism and freedom, with a special benefit to support Ross Ulbricht.

Make sure to subscribe to the Bitcoin.com Youtube channel and leave a comment on the latest video.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post Bitcoin Cash Register Surpasses 10,000 Installs and BCH is Coming to Brave in Weekly Video Update appeared first on Bitcoin News.

Bitcoin News

Markets Update: Cryptocurrency Prices Continue to Accelerate

June 26, 2019 |

Markets Update: Cryptocurrency Prices Continue to Show Accelerated Growth

Digital asset markets have been on a tear lately, gaining $ 68 billion in five days. Currently, there’s over $ 100 billion in global trade volumes and crypto bulls don’t seem to be letting up any time soon.

Also Read: How to Find a Bitcoin Cash Meetup Near You

The Cryptoconomy Captures $ 368 Billion

Cryptocurrency markets have seen incredible gains over the last few weeks and between a few small corrections, prices continue to rise. The price of bitcoin core (BTC) has reached a 17-month high and has gathered a market valuation of around $ 228 billion. BTC has about $ 32.9 billion worth of global trade volume and at $ 12,828 per coin, the cryptocurrency is up 40% for the week.

Markets Update: Cryptocurrency Prices Continue to Accelerate

Many other coins have been seeing significant gains as well and ethereum (ETH) prices have jumped 28% in the last 7 days. One ETH is trading for $ 345 per coin and the currency’s market valuation is around $ 36 billion on Wednesday, June 26. Following behind ETH is ripple, which has seen very small gains compared to many other coins. XRP is swapping for $ 0.48 per coin and the market is up 13% for the week. The fifth largest market valuation belongs to litecoin (LTC) and each coin is trading for $ 136 per unit and markets are actually down 0.75% over the last 7 days.

Markets Update: Cryptocurrency Prices Continue to Accelerate

Bitcoin Cash (BCH) Market Action

Bitcoin Cash has been on a roll this week as well in fourth position as markets have spiked 21%. One BCH is swapping for $ 505 and the market has a total valuation of around $ 9 billion today. BCH is also up more than 7.5% today with around $ 2.8 billion in global trades. The top exchanges trading the most BCH on June 26 include Coinbene, Binance, Bibox, Digifinex, and Huobi Pro. BCH is still the sixth most traded coin below EOS and above XRP. There are six dominant pairs with BCH this Wednesday with tether (USDT) capturing 44% of all BCH trades. This is followed by BTC (28%), USD (11%), KRW (7.8%), ETH (2.6%), JPY (2%), and EUR (1.4%). The KRW, JPY, and EUR pairs against BCH have increased considerably over the last few weeks.

Markets Update: Cryptocurrency Prices Continue to Accelerate

BCH/USD Technical Indicators

Looking at the technical analysis gauges displayed real-time shows BCH bulls have been moving steadily, breaking upper resistance levels. Looking at the 4-hour chart for BCH/USD on Kraken shows most moving averages and oscillators are still fairly bullish. The Relative Strength Index (RSI), however, is showing overbought conditions with a value of ~72.30 at press time. Stochastic percentages (~87.50) are impartial at the moment which indicates some uncertainty exists among traders at these levels. Although, the two Simple Moving Averages (SMA) continue to indicate that the path toward the least resistance is still very much pointing toward the upside. MACd levels show things are still quite bullish suggesting room for more price improvements. Looking toward the upside, order books show strong resistance between the $ 530-560 zones and smoother seas up until $ 600. On the backside, if bears managed to exhaust the bulls then there will be pit stops between $ 485, 460, and $ 440 respectively.

Markets Update: Cryptocurrency Prices Continue to Accelerate

Lots of Bull Run Driver Theories Circulating

Many coins have jumped to prices they once held over a year ago today but this was when the prices were in a downward spiral. Spectators are curious about what’s driving the current bull run and various theories abound. For one, many skeptics are looking at tether (USDT) for possibly moving the market. Since May there’s been more than $ 600 million in tether printed when BTC broke above the $ 8K range.

Markets Update: Cryptocurrency Prices Continue to Accelerate

Because the bullish crypto prices have seemingly moved in tandem with the printing of fresh USDT, some believe these events are correlated. BTC whales have been moving very large sums to unknown wallets as well, and according to Whale Alert, more than $ 200 million worth of BTC was transferred in a few hours on June 25. Looking at when BCH and BTC whales accumulated massive amounts of coins back in February shows that mass accumulation has begun to slow. Rich list data stemming from BCH and BTC whales shows there wasn’t a lot of aggregation of wealth between this period.

Markets Update: Cryptocurrency Prices Continue to Accelerate

Other possible drivers of the crypto bull run include the world economy which seems to be on the brink of another long recession. Central banks around the world are discussing slashing interest rates and people speculate the U.S. Federal Reserve may do the same this July. An example of people moving money into safe haven assets because of the economic forecast shows gold touching an all-time high of $ 1,450 per ounce. Google trends when searching specific words like “buy bitcoin” and “bitcoin” are not nearly as high as they were in 2017. This indicates the mainstream may not be paying attention to the current spike as they did two years ago, but some speculators believe the ‘new money’ is stemming from institutional investors. It’s hard to say where the cryptoconomy will take us next but we can be pretty damn sure it’s going to be an interesting ride.

Where do you see the price of bitcoin cash and the rest of the crypto markets heading from here? Let us know what you think about this subject in the comments 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, Bitcoin.com Markets, JP Morgan, and Coinlib.io.


Want to create your own secure cold storage paper wallet? Check our tools section. You can also enjoy the easiest way to buy Bitcoin online with us. Download your free Bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely.

The post Markets Update: Cryptocurrency Prices Continue to Accelerate appeared first on Bitcoin News.

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In This Week’s Video Update: BCH Dev Fund Exceeds Target, Bitcoin.com Reveals Rebrand

June 23, 2019 |

In This Week’s Video Update, BCH Dev Fund Exceeds Fundraising Goal, Bitcoin.com Reveals Rebrand

The Bitcoin Cash Developer Fund has reached its 800 BCH goal in less than a month since the start of the community-driven fundraising campaign. You’ll find more details on how to support the initiative in the weekly update from Bitcoin.com. Check out the video for other interesting news from the Bitcoin Cash space.

Also read: Riddell Travel Will Help You Arrange Your African Tour With BCH

Developer Fund Doubles Donation Goal to 1,600 BCH

The BCH Dev Fund has surpassed its 800 BCH goal by well over a quarter in less than a month since the start of the campaign. The threshold has been exceeded with another month to go. The fundraiser for Bitcoin Cash developers will continue until August 1 with a recently doubled 1,600 BCH donation goal. If you want to help reach it, visit Bitcoin.com/fundraise where you can either support the developer groups individually or donate to the General Dev Fund to have funds distributed for you.

Also this week, Bitcoin.com revealed on Monday a newly rebranded look which can be seen throughout our website and product line. Users can now explore our newly revamped website, commencing with the Get Started section that aims to communicate our products in a more relatable way.

“Reimagining our brand, we took a step back and identified our values,” explained Bitcoin.com Head Designer Andrew Todd. “With universal accessibility being our most important value, we set out to create a color palette that would not only resonate with people and help create a lasting identity, but would work seamlessly across devices and in different environments.”

Other positive news covered in the video include a partnership with Cred that will allow Bitcoin.com customers to earn up to 10% interest on their cryptocurrency holdings in both BCH and BTC. Also, bitcoin cash adoption is growing in Tokyo and Australia. Luxury watch and jewelry shop Gem Castle Yukizaki is now accepting BCH payments at all of their 13 locations across Japan.

Meanwhile, the number of locations in Australia where you can pay with bitcoin cash has reached 145, according to the Marco Coino app. And since its launch, Local.Bitcoin.com has grown to almost 20,000 users. The peer-to-peer marketplace allows you to trade bitcoin cash. If you haven’t claimed your referral link, set up an account with your email to start earning BCH – you’ll receive 20% of all fees from users signing up with your link.

Make sure to subscribe to the Bitcoin.com Youtube channel and leave a comment on the latest video.


Images courtesy of Shutterstock.


Do you need a reliable Bitcoin mobile wallet to send, receive, and store your coins? Download one for free from us and then head to our Purchase Bitcoin page where you can quickly buy BCH and BTC with a credit card.

The post In This Week’s Video Update: BCH Dev Fund Exceeds Target, Bitcoin.com Reveals Rebrand appeared first on Bitcoin News.

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Markets Update: Digital Currency Economy Surpasses $300 Billion

June 21, 2019 |

Digital currency prices have spiked considerably in the last 24 hours and bitcoin core (BTC) stopped short about $ 70 in an attempt to cross the $ 10K price zone. Most cryptocurrencies are up between 2-8% on Friday, June 21 and the entire cryptoconomy surpassed $ 300 billion.

Also read: These Are 2019’s Biggest Cryptocurrency Winners and Losers so Far

$ 300 Billion and Still Rising

Six days ago news.Bitcoin.com reported on the surge that took place after a majority of cryptocurrency prices pulled back the week prior. This Friday, just before the weekend, on June 21 digital currency prices have spiked considerably and the entire market valuation of the 2000+ coins in existence has gained more than $ 25 billion. During the early morning trading sessions on Friday, BTC’s fiat value touched a high of $ 9,921 on Bitstamp but has since retreated to prices between $ 9,700 and $ 9,875.

Markets Update: Digital Currency Economy Surpasses $  300 Billion

At the time of writing 1 BTC is trading for $ 9,860 per coin and the market is up today by 5.6%. This is followed by ethereum (ETH) markets which are up 6.7% today and each ETH is swapping for $ 286. Ripple (XRP) is only up 3.5% and each XRP unit is trading for $ 0.44. Lastly, the fourth market cap position still belongs to litecoin (LTC) which has gained 2.4% today and is trading for $ 137 per LTC.

Bitcoin Cash (BCH) Market Action

Bitcoin Cash (BCH) markets have advanced today by 5.4% and each BCH has a price average of around $ 431 at press time. BCH trade volume has picked up and there’s been about $ 1.81 billion worth of BCH traded over the last 24 hours. BCH has jumped from the seventh top trade volume position to the sixth, just above XRP and below EOS. The largest pair trading against BCH this Friday is tether (USDT) capturing 40% of today’s BCH trades. This is followed by BTC (34%), USD (10%), ETH (5.5%), KRW (4.8%), and JPY (1.75%). The top five exchanges trading the most bitcoin cash before the weekend include Coinbene, Bibox, Hitbtc, P2pb2b, and the ZBG exchange. Bitcoin cash has an overall market valuation of $ 7.7 billion with 17,850,100 BCH currently in circulation.

Markets Update: Digital Currency Economy Surpasses $  300 Billion

BCH/USD Technical Indicators

Looking at the technical indicators on the 4-hour chart referencing the exchange Kraken shows that most oscillators are either neutral or signaling a buy opportunity. The Relative Strength Index (RSI) is high (~59.29) but still not indicating overbought conditions. Stochastic shows similar findings and the oscillator (~77.38) is impartial as well. The two Simple Moving Averages (SMA) still have a decent gap between the short term 100 SMA and the long term 200 SMA. With the 100 SMA trendline still above the long term 200 SMA, the path toward the least resistance is still pointing toward the upside.

Markets Update: Digital Currency Economy Surpasses $  300 Billion

Ichimoku Cloud (9, 26, 52, 26) baseline is neutral, but a majority of moving average indicators are bullish. The MACd, a momentum oscillator that subtracts the longer-term moving average from the shorter-term moving average, shows more bullish upswings will likely come to fruition. Order books show BCH bulls have to surpass the $ 460 range again to keep the momentum going strong and there will likely be resistance within the $ 500 zone as well. On the backside, there’s still strong foundations at the current vantage point and the $ 385-400 region.

Markets Update: Digital Currency Economy Surpasses $  300 Billion

The Verdict: Overwhelming Optimism Coupled With Psychological Resistance

Overall, traders are extremely positive about the advancements and many are watching to see if BTC crosses the 5-digit price region once again. However, $ 10K represents a psychological resistance point which will be tough to overcome. So far, many cryptocurrencies are much healthier price-wise than they were back in December 2018. Traders believe the outlook is quite positive and digital assets will remain in a bullish trajectory as long as they don’t lose 30% of the value they’ve captured in 2019.

Where do you see the price of bitcoin cash and the rest of the crypto markets heading from here? Let us know what you think about this subject in the comments 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, Bitcoin.com Markets, JP Morgan, and Coinlib.io.


Want to create your own secure cold storage paper wallet? Check our tools section. You can also enjoy the easiest way to buy Bitcoin online with us. Download your free Bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely.

The post Markets Update: Digital Currency Economy Surpasses $ 300 Billion appeared first on Bitcoin News.

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Crypto Cards Expand and a Futuristic Promotion in the Weekly Update From Bitcoin.com

June 16, 2019 |

Crypto debit cards supporting bitcoin cash expand their international reach and a platform offers shopping at Walmart using BCH. Watch these and other developments discussed in this week’s video update on Bitcoin.com’s Youtube channel, and get a chance to take part in a futuristic promotion.

Also Read: What Makes Slovenia a Cryptocurrency Adoption Leader – Bitcoin.com Mini-Documentary

Futuristic Promotion in the Weekly Video Update

This week’s show features a number of technological and businesses developments that make bitcoin cash payments more accessible around the world. These include Coinbase expanding its Visa debit card service to six new European markets, allowing its users from these countries to spend BCH from their accounts to pay in millions of locations where Visa is accepted, as well as to make fiat cash withdrawals from ATMs.

The show also provides an update on Local.Bitcoin.com, the privacy-focused peer to peer global marketplace for trading bitcoin cash (BCH) which was officially launched on June 4. Over 14,000 people have already signed up to the service and created thousands of active orders. Additional topics cover Coinex exchange listing the SLP token honestcoin (USDH), a stablecoin issued on the Bitcoin Cash network backed 1-to-1 for USD, Cointext integration into Electron Cash allowing users to send BCH to any phone with SMS messaging capabilities, and the Alagoria platform which lets you buy items sold by Home Depot and Walmart using BCH and get a 10% discount.

The weekly update also features a promo code to the Blockchain Futurist Conference 2019, taking place August 12-14 in Toronto, Canada. Starting this Monday, you can save 50% off the price of tickets when paying with bitcoin cash and using the code shown in the video. Bitcoin.com will take part in this event as a sponsor, with a special video presentation from Roger Ver.

Make sure to subscribe to the Bitcoin.com Youtube channel and leave a comment on the latest video.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post Crypto Cards Expand and a Futuristic Promotion in the Weekly Update From Bitcoin.com appeared first on Bitcoin News.

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Markets Update: Crypto Prices Surge After Last Week’s Pullback

June 15, 2019 |

Digital currency markets have regained some of the losses they endured last week, with the entire cryptoconomy now valued at $ 275 billion this Saturday. Most cryptocurrencies are up in value between 2-8% today but global trade volumes have tapered off with only $ 63 billion swapped in the last 24 hours.

Also read: Bitcoin.com’s Local Bitcoin Cash Marketplace Is Now Open for Trading

Digital Asset Markets See Fresh Gains

Cryptocurrency markets have been all over the place lately, giving enthusiasts and traders constant surprises. Most markets have seen decent gains after last week’s slump brought most coins down to foundational support. This Saturday, June 15, bitcoin core (BTC) is trading for $ 8,791 per coin and has a market valuation of around $ 156 billion. BTC markets are up today around 4.4% and up over 10% for the last seven days.

Markets Update: Crypto Prices Surge After Last Week's Pullback
Top 10 cryptocurrencies by market cap on Saturday, June 15, 2019.

The second largest market cap belongs to ethereum (ETH) which is priced at $ 265 per unit. ETH has gained 3.3% this Saturday and roughly 7.6% for the week. Ripple (XRP) is trading for $ 0.40 per coin and has a market cap of about $ 17 billion. Lastly, litecoin (LTC) is up 5.2% today and trading for $ 135 per LTC. Additionally, the market price of LTC has gained 17.4% over the last seven days.

Bitcoin Cash (BCH) Market Action

Bitcoin cash (BCH) is up today around 2.4% and 6.4% for the entire week. One BCH is swapping for an average of $ 419 at the time of writing and the market capitalization is worth $ 7.49 billion. The top exchanges today swapping the most BCH include Huobi Korea, Coinbene, P2pb2b, Hitbtc, and Digifinex. The top trading pair with BCH today is tether (USDT), capturing 46.6% of all trades. This is followed by BTC (32.5%), USD (10.2%), KRW (5.1%), and JPY (1.57%). Both the EUR and ETH pairs have increased but the Korean won (KRW) paired against BCH has grown significantly this week. Right now BCH is the sixth most traded coin as far as global volume is concerned. Bitcoin cash has about $ 1.66 billion in global trade volume in the last 24 hours.

Markets Update: Crypto Prices Surge After Last Week's Pullback
BCH on Saturday, June 15, 2019.

BCH/USD Technical Indicators

Today the 4-hour BCH/USD chart on Kraken indicates that BCH bulls have managed to surpass resistance at the $ 400 mark. Currently, most oscillators are showing neutral signs at the moment as the Relative Strength Index (RSI) hovers around ~62.42, which is closer to overbought conditions. The two Simple Moving Averages (SMA), both long term (200 SMA) and the short term (100 SMA) trendlines, have crossed paths once again with the 100 SMA above the long term trendline.

Markets Update: Crypto Prices Surge After Last Week's Pullback
BCH/USD on Kraken – Saturday, June 15, 2019.

This would indicate that the path toward the least resistance, for the moment, is in the bulls’ favor and most moving average indicators show buy signals. The Ichimoku Cloud (9, 26, 52, 26) baseline is currently impartial, while the MACd ~6.65 shows there’s room for more price improvements. Looking at order books shows some strong resistance above the $ 440 zone and BCH bulls will need to surpass this region. On the backside, order books give a good visualization of some solid foundational support between the $ 390 price range and the $ 365 area.

Markets Update: Crypto Prices Surge After Last Week's Pullback
24-hour money flows into crypto – Saturday, June 15, 2019.

The Verdict: Newfound Crypto Market Optimism

The last 48 hours of increased prices have injected some positivity into the community and many wonder if things will remain bullish. Litecoin has done well over the last few weeks and traders believe the recent push is due to the supply cut taking place in August. Moreover, BCH has seen incredible amounts of development over the last few months and programmers have shown off lots of innovative concepts like Cashshuffle, SLP tokens, and Shnorr signed transactions. The price of bitcoin cash and its incredible gains this year have likely been a reflection of ongoing development improvements. Crypto prices this month, in general, are doing a whole lot better than the market performances back in December 2018. This has given people newfound optimism and a sense of relief after the long crypto winter.

Where do you see the price of bitcoin cash and the rest of the crypto markets heading from here? Let us know what you think about this subject in the comments 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, Bitcoin.com Markets, and Coinlib.io.


Want to create your own secure cold storage paper wallet? Check our tools section. You can also enjoy the easiest way to buy Bitcoin online with us. Download your free Bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely.

The post Markets Update: Crypto Prices Surge After Last Week’s Pullback appeared first on Bitcoin News.

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