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Teen’s Story Is Wrenching. Now, the Wait for Confirmation

April 4, 2019 |

Is it really Timmothy Pitzen? The FBI and authorities in multiple states are now investigating what could be an astonishing turn in the case of a boy who went missing seven years ago. “This could be the story of a decade,” says Sgt. Bill Rowley of the Aurora, Illinois, police…
Newser

Trump: ObamaCare Plan Will Wait Until After 2020

April 2, 2019 |

President Trump shifted strategy on ObamaCare in a series of late-night tweets: He still hates it, but he won’t push for a Republican alternative until after the 2020 election, reports Bloomberg . “Everybody agrees that ObamaCare doesn’t work,” he wrote . “Premiums & deductibles are far too high.” He said the GOP…
Newser

Markets Update: Traders Patiently Wait for Crypto’s Longest Bear Run to End

February 3, 2019 |

Markets Update: Traders Patiently Wait for Crypto's Longest Bear Run to End

Cryptocurrency prices have been seemingly stable lately as there hasn’t been much volatility in the last two weeks in either direction. The overall market capitalization of the entire crypto economy has lost about $ 4 billion since our last markets update and global trade volumes are much slimmer than weeks prior.

Also read: Properties Are Still Being Sold for Cryptocurrency Despite the Bear Market

Traders Are Patiently Waiting for the Next Big Move

Traders are itching and waiting for the next big move in crypto land as the entire digital asset economy of all 2000+ coins has been relatively stable. There have been a few price spikes here and there by a few lesser known coins, but most of the top digital currencies haven’t moved very much. This Sunday, Feb. 3, the price of bitcoin core (BTC) is hovering around $ 3,477 and has a market valuation of about $ 60 billion. BTC is down a hair today percentage-wise and down more than 3% for the week.

Markets Update: Traders Patiently Wait for Crypto's Longest Bear Run to End
Top 10 cryptocurrencies according to Satoshi Pulse on Feb. 3, 2019.

The second largest market capitalization is captured by ripple (XRP) and each coin is swapping for $ 0.30. Not too far behind ripple is ethereum (ETH) which holds the third highest market valuation at $ 11.3 billion. ETH is trading for $ 108 per coin and the market is down over 5.9% in the last seven days. In the fourth position is eos (EOS) which is priced at $ 2.38 per token at press time and is up 1.89% today leading the top 10 pack.

Bitcoin Cash (BCH) Market Action

Moving on to bitcoin cash (BCH), traders will see that the coin is trading for $ 119 per BCH this Sunday. The decentralized cryptocurrency has an overall market valuation of around $ 2.1 billion but has lost more than 3.4% this week. The top five BCH trading platforms swapping the most BCH this weekend include Lbank, Fcoin, Binance, Hitbtc, and Huobi.

Markets Update: Traders Patiently Wait for Crypto's Longest Bear Run to End
BCH/USD 7-day. Sunday – Feb. 3, 2019

USDT (tether) is dominating the BCH trades today by 39% and ETH is not too far behind at 33.5%. Following behind those pairs are BTC (14.8%), USD (5.4%), KRW (4.9%), and JPY (0.90%). This weekend, bitcoin cash is the seventh most traded cryptocurrency as far as global trade volume below XRP and above CKUSD.

Markets Update: Traders Patiently Wait for Crypto's Longest Bear Run to End
Poloniex BCH/USDC 4-hour. Sunday – Feb. 3, 2019

BCH/USD Technical Indicators

Looking at the 4-hour BCH/USD chart on Bitstamp shows the price has been consolidating but still has been dropping slightly, hence the 2% loss over the last seven days. Currently, the two Simple Moving Averages (100-200 SMA) are still spread apart but looks as though they may cross hairs in the near future. For now, the long term 200 SMA is well above the short term 100 SMA, which indicates the path toward the least resistance is still in favor of the bears. RSI and Stochastic oscillators show oversold conditions are still dominating the playing field and MACd seems as though it will be heading southbound in the short term.

Markets Update: Traders Patiently Wait for Crypto's Longest Bear Run to End
Kraken BCH/USD 4-hour. Sunday – Feb. 3, 2019

There’s been six months of downward prices and dead kitties bouncing so bulls need to press past the 200-week moving average (MA) in order to gain some better headway this time around. Order books show there’s some pretty good resistance up until $ 130 a coin and things look smoother from there. On the back side, after a week of consolidation, foundations are slimmer than the week prior and bears will see pit stops between now and $ 110 for the second time in two weeks.

The Verdict: The Growing Sentiment of Uncertainty Dominates the Entire Global Economy and Is Not Secluded to Crypto Markets

Overall, traders are still waiting patiently for the next big move and other global markets may be playing a role. The global economy has been stuttering and many leaders and economists worldwide believe society is on the brink of another economic crisis like 2008. Safe haven assets like gold have experienced a significant increase since the economic tides began shifting and this sentiment may have kept cryptocurrencies from dropping further.

Markets Update: Traders Patiently Wait for Crypto's Longest Bear Run to End
The entire cryptocurrency to fiat money flow in the last 24-hours. Sunday – Feb. 3, 2019

Moreover, the U.S. Federal Reserve has been heavily discussing pausing interest rates which could affect the western economy a great deal. Since cryptocurrencies like BTC and BCH have seen price declines, the global SHA-256 hashrate has declined since last October by more than 35%. However, there’s been a slow and steady increase in hash power this year and around 10% of that power has been recovered. This indicates miners who have a lot of skin in the game are more confident and cryptocurrency price values could follow suit. For now, traders must wait but still many hope the longest bear run in crypto history will soon see a reversal.

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

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


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


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

The post Markets Update: Traders Patiently Wait for Crypto’s Longest Bear Run to End appeared first on Bitcoin News.

Bitcoin News

Markets Update: Consolidation Continues as Traders Wait for a Breakout

January 28, 2019 |

Markets Update: Crypto Consolidation Perseveres as Traders Wait for a Breakout

On Sunday, Jan. 27, a vast majority of cryptocurrency markets have seen sideways consolidation as prices have been following a narrow range for over a week. A few major digital asset markets have seen decent gains this week, but most crypto prices remain tight as traders await a strong breakout.

Also read: Bloq Labs Reveals Software Suite That Aims to Increase Hash Power by Double Digits

That Narrow Range

At the time of publication, the entire cryptocurrency economy is valued at $ 118.6 billion. Since our last markets update, the entire market cap has shaved a few billion and daily trade volume worldwide has decreased a hair. This Sunday’s trade volume for all 2,000+ digital assets is around $ 16.4 billion. The leading cryptocurrency by market capitalization, bitcoin core (BTC), is currently trading for $ 3,581. BTC’s market cap captures $ 62.6 billion right now and global trade volume is roughly $ 5.5 billion. Ripple (XRP) holds the second position as each token is being swapped for $ 0.30 and the coin has a market valuation of $ 12.7 billion – officially, at least.

Markets Update: Consolidation Continues as Traders Wait for a Breakout
Top 10 cryptocurrencies on Jan. 27, 2019.

Below ripple is ethereum (ETH), which is trading for $ 113 per coin and has a $ 11.8 billion market cap. Out of the top five market caps, ETH’s 4% weekly loss is the deepest cut of them all. Lastly eos (EOS) is trading for $ 2.39 per coin and holds the fifth largest market valuation this weekend. One notable mention is the cryptocurrency tron, which has jumped to seventh position and gained more than 25% over the last seven days.

Bitcoin Cash (BCH) Market Action

Moving on to bitcoin cash (BCH) markets and the currency is being traded for $ 123 at the time of writing. BCH markets are down 2.8% today and have an overall market valuation of around $ 2.17 billion. The top exchanges this Sunday swapping the most bitcoin cash are Lbank, P2pb2b, Fcoin, Hitbtc, and Binance. Ethereum trades are dominating BCH swaps today as ETH captures 53% of all trades over the last 24 hours. This is followed by USDT (24.8%), BTC (12.2%), KRW (3.5%), and USD (3.4%) with JPY and EUR trailing not too far behind. It’s worth noting the South Korean won has captured a lot more BCH volume in recent days. Bitcoin cash is the eighth most traded coin today by volume below XRP, and just above ZEC.

Markets Update: Consolidation Continues as Traders Wait for a Breakout
BCH/USD daily chart. Jan. 27, 2019.

BCH/USD Technical Indicators

Looking at the BCH/USD charts on Bitstamp, particularly the four-hour and daily, shows BCH bulls continue to fail at breaking overhead resistance. At the moment, RSI levels are much closer to oversold conditions (-34.61) and MACd is meandering downward showing a similar reading. Looking at the two Simple Moving Averages (SMA) indicate the same sentiment as the long-term 200 SMA is still well above the short-term 100 SMA. This says the path toward the least resistance is still favoring the bears.

Markets Update: Consolidation Continues as Traders Wait for a Breakout
BCH/USD 4-hour Jan. 27, 2019 at 7:40 p.m. EST.

Moving on, we can see small dumps breaking light foundations and Bollinger Bands are extremely coiled indicating a strong move will take place soon. In terms of an upward breakout scenario, BCH bulls need to push past overhead resistance around $ 175. Currently, order books show there is heavy resistance between the current vantage point and $ 150. On the backside, there’s a bunch of support up to the $ 110 range, and then from there, things begin to lighten.

Markets Update: Consolidation Continues as Traders Wait for a Breakout
BCH/USD 4-hour Bitstamp. Jan. 27, 2019.

Monotonous Markets Usually Mean Something Will Happen Soon

For traders, the tedium and lack of volatility continue. Both ETH and BTC shorts positions on Bitfinex and Bitmex are not particularly high this weekend and uncertainty is still in the air. On Jan. 25, during an interview, Fundstrat founder Tom Lee touched on his previous year-long prediction of BTC charging to $ 25K by the end of 2018.

Markets Update: Consolidation Continues as Traders Wait for a Breakout
Money flow in the last 24 hours. Sunday, Jan. 27, 2019.

Lee says it was a “huge disappointment” that it didn’t come to fruition and made note of the initial coin offering (ICO) space collapsing. The Fundstrat executive still wholeheartedly believes his $ 25K forecast was “actually a fair value for bitcoin.” For now, that prediction seems very far off for the many depressed traders missing the days when everything was bullish.

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

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


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


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

The post Markets Update: Consolidation Continues as Traders Wait for a Breakout appeared first on Bitcoin News.

Bitcoin News

Thanks, Shutdown: This Airport Has Worst Wait Times

January 23, 2019 |

With no end in sight to the government shutdown and TSA experiencing higher than normal absence rates , how are the security lines at airports? Not too bad, according to a press release from the agency that notes “national average wait times are within normal TSA times of 30 minutes for…
Newser

Wait … What Did Grover Say?

December 28, 2018 |

Production of Sesame Street moved from PBS to HBO a couple of years ago. Could it be that the cable network famous for series like The Sopranos and Deadwood has retooled the long-running kids show to make it more consistent with its other programming? Case in point: Sesame Street’s Grover…
Newser

After Year-Long Wait New York-Based Exchange Gemini Lists Bitcoin Cash

December 7, 2018 |

After a Year-Long Wait the New York-Based Exchange Gemini Lists Bitcoin Cash

Cryptocurrency exchange Gemini announced the launch of bitcoin cash (BCH) support and detailed that BCH will be available for trading on the platform this weekend. Bitcoin cash supporters have been waiting for Gemini to list BCH since the fork on Aug. 1, 2017. Beginning Saturday, at 9:30 a.m. EST, customers will be able to deposit bitcoin cash into their Gemini account in order to trade.

Also read: Previously Inactive Whales Are Moving Large Amounts of BTC

Gemini Exchange Adds Bitcoin Cash Support

After Year-Long Wait New York-Based Exchange Gemini Lists Bitcoin CashBitcoin cash fans found out on Dec. 7 that the New York-based trading platform Gemini was adding BCH to the exchange interface this weekend. It’s been 15 months since the Aug. 1 BCH fork, and proponents have been waiting for what seemed like forever for Gemini to list the coin. The exchange will add bitcoin cash with five trading pairs which include USD, BTC, ETH, LTC, and ZEC. Gemini’s vice president of engineering, Eric Winer, detailed that BCH seeks to “build on the goal of the original Bitcoin and become an electronic cash system.” Furthermore, in light of the recent Nov. 15 hard fork which resulted in a split and the birth of BSV, the company explained that the BCH ticker will be assigned to the ABC side of the fork.

BCH Will Be Available for Gemini’s Trading and Custody Services, but No BSV Support

Bitcoin Cash, a fork of the Bitcoin network, was recently forked into two distinct networks and blockchains: Bitcoin ABC and Bitcoin SV — At this time, we will only be providing support for the Bitcoin ABC network and we will be referring to it as Bitcoin Cash with ticker: BCH,” detailed Winer’s post.

The engineering executive also noted the company had added replay protection and continued by stating:

Any cryptocurrency sent to Gemini over a blockchain that we do not support, such as Bitcoin SV (BSV), will be invalid and irrecoverable. We are continuing to evaluate Bitcoin SV over the coming weeks or months, and we may or may not choose to support withdrawals and/or trading of Bitcoin SV in the future.  

Of course, BCH proponents were pleased to hear that the trading platform was finally adding bitcoin cash. Moreover, on Dec. 6, the bitcoin cash fork BSV jumped ahead of BCH as far as coin market capitalization is concerned. However, since the Gemini announcement, BCH has temporarily reclaimed the fifth position but both assets have been toe-to-toe in price over the last 48 hours.

After Year-Long Wait New York-Based Exchange Gemini Lists Bitcoin Cash
A preview of the BCH trading engine on Gemini. Trades will open tomorrow, Dec. 8, 2018, at 9:30 a.m. EST.

Gemini’s Winer further detailed that the company worked closely with the New York State Department of Financial Services (NYSDFS) in order to list BCH. Winer and Gemini associates believe the New York company is “the world’s most regulated cryptocurrency exchange and custodian.” Bitcoin cash will also be available to Gemini’s cryptocurrency custody business model which aims to attract institutional investors.

What do you think about Gemini adding bitcoin cash (BCH) to the company’s trading and custody services? Let us know what you think about this subject in the comments section below.


Images via Shutterstock, Gemini, Twitter, and Pixabay.


Need to calculate your bitcoin holdings? Check our tools section.

The post After Year-Long Wait New York-Based Exchange Gemini Lists Bitcoin Cash appeared first on Bitcoin News.

Bitcoin News

Thought you got burned by bitcoin in 2018? Just wait till next year

December 5, 2018 |

Bitcoin is turning negative again. And the technicals aren’t looking too good either going into 2019.

The largest cryptocurrency slumped as much as 5.9% to $ 3,668.09 on Wednesday, approaching the more than one-year low of $ 3,522.58 reached on Nov. 26. After a few days of relative stability, volatility…


L.A. Times – Business

People Wait in Rain for Hours on East Coast’s First Day of Pot Sales

November 21, 2018 |

Customers waited in long lines, sometimes for hours, on a cold and rainy New England day to be among the first people to legally buy recreational marijuana on the East Coast, the AP reports. More than two years after Massachusetts voters approved of legalizing marijuana for adults, the state’s first…
Newser

Technology may help cut airport wait times, but you will have to do a bit more work

November 17, 2018 |

With forecasts predicting that airline travel worldwide will grow steadily over the next 20 years, airports are turning to technology to try to ease the inevitable human crush that could lead to long wait times and frustrated passengers.

But to curb those queues, airports plan to ask travelers…


L.A. Times – Business