Yesterday, Bitcoin’s saw a sudden price increase to $7900 (Bitfinex) after trading as low as $7100. The sudden surge in volatility was due to a significant volume in the market which recorded about +10% gains within an hour. After opening at $7200 today, Bitcoin is now trading back around $7300 zones. Currently, BTC dominance has […]
Since the monthly short opening, Bitcoin has been relying on the $7200 support but has failed to bounce back due to low pressure in the market. A drive beneath the above-mentioned support may lead to a weakness in price. However, BTC dominance currently increased by 0.1%. We may see a bullish rally if the percentage […]
A data scientist at India’s Vellore Institute of Technology has developed a new technique for forecasting cryptocurrency prices in real-time through the use of a Long Short-Term Memory neural system. According to a news publication on the 2nd of December, Abinhav Sagar explained the process involved in using machine learning technology to forecast price movement […]
The last 7 days of price actions have made Bitcoin stay above $7000 for the month of November. Starting the new month on a short opening could be a bit send a negative sentiment in the market if Bitcoin fails back roll back to November low. However, there’s hope for a bullish continuation if buying […]
The recent hack event targeted at Upbit serves as a reminder of just how risky it is storing your digital assets on an exchange. We will be looking at seven prominent hacks that happened to exchanges in 2019. 1- Cryptopia got disabled on the 15th of January after it learned about an infringement in security […]
During the week, Bitcoin recorded a monthly low of $6600 after witnessing a series of decline for about four weeks. On November 25, Bitcoin regained strength back above the $7000. This recovery led to a forming an inverse head-and-shoulder pattern which was quite significant in the weekly trading with a lot of bullish sentiment. Meanwhile, […]
A new bill is being considered in Germany which could see banks become managers and merchants of Bitcoin and other altcoins by 2020. Based on a news release by Handelsblatt on the 27th of November, the bill now seeks approval from the 16 states in the country, now that it has been passed by the […]
Since the daily opening, XRP has been showing a sign of small recovery, amounting to +1.07% gains. The correction may become significant if volumes can troop into the market. Otherwise, XRP price would continue to drag sluggishly. However, it’s not too late to accumulate some amount of XRP as the value might become more enticing […]
Bitcoin’s price is on a slow growth for a while now, owing to the recent selling shakeout in the entire crypto market. But recently, it appeared that Bitcoin has found its mid-year low around $6600 on November 25. This setup was quite synonymous to late October surge in volatility that saw after the Chinese […]
