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dimanche 30 juin 2019
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Cybersecurity experts weigh in on the Bitfinex hack after the latest arrests: “The attacks from hackers will only get worse”
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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.
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
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.”
— BrendanEich (@BrendanEich) June 22, 2019
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.
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- The total crypto market cap declined recently, but stayed above the $280.0B support area.
- Bitcoin price is down more than 8% and it recently tested the $10,800-11,000 support area.
- BCH price is trading above the $400 support area and is facing hurdles near $425 and $430.
- EOS price is struggling to settle above the key $6.000 and $6.100 resistance levels.
- Stellar (XLM) price is trading well below the $0.1150 pivot level.
- Tron (TRX) price stayed above the main $0.0320 support area.
Bitcoin Cash Price Analysis
There were strong bearish moves in bitcoin cash price after it broke the key $450 support area against the US Dollar. The BCH/USD pair even spiked below the main $400 support area before correcting higher. It is currently consolidating above $400, but there are many hurdles on the upside.
An initial resistance is near the $425 level, above which there are chances of more gains above the $430 level. On the downside, the main supports are near $400 and $395.
Stellar (XLM), EOS and Tron (TRX) Price Analysis
EOS price declined heavily below the $6.100 and $6.000 support levels. It even traded close the $5.500 support and is correcting higher. However, the same supports near $6.000 and $6.100 are acting as hurdles for the bulls. On the downside, an initial support is near $5.800, followed by $5.600.
Stellar price somehow managed to stay above the $0.1000 support area, but it settled below the $0.1100 level. On the upside, the $0.1100 and $0.1110 levels are acting as resistances. If there is an upside break above $0.1120, the price could recover towards the $0.1200 level.
Tron price also declined heavily and tested the $0.0320 support area. TRX price is currently trading above $0.0330, but it facing many hurdles near $0.0335 and $0.0340. A successful close above the $0.0340 level might push the price towards the $0.0350 level.
Looking at the total cryptocurrency market cap 4-hours chart, there was a sharp decline below the $335.0B and $325.0B support levels. However, the market cap managed to stay above the $275.0B and $280.0B support levels. At the outset, there is a breakout pattern forming on the same chart, with support near the $292.0B level. If there is a downside break below $290.0B, the market cap could revisit the $275.0B support area. Conversely, it must climb above the $315.0B and $320.0B levels to start a fresh increase. Overall, there could be more range moves in bitcoin, Ethereum, EOS, ripple, litecoin, bitcoin cash, XLM, TRX, BNB, WAN, WTC, ICX, and other altcoins before the next move.
The post Bitcoin And Crypto Market Cap Testing Support: BCH, XLM, EOS, TRX Analysis appeared first on NewsBTC.
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- Ripple price retested the main $0.3900 support area and climbed higher against the US dollar.
- The price is likely forming a decent support base above $0.3900 and it might rise in the near term.
- There was a break above a major bearish trend line with resistance near $0.4000 on the hourly chart of the XRP/USD pair (data source from Kraken).
- Ethereum price is holding the key $290 support, but it seems to be facing many hurdles near $305-310.
Ripple price is likely forming a strong support base near $0.3900 against the US Dollar, while bitcoin declined heavily. XRP price could continue to rise if it clears the $0.4275 resistance.
Ripple Price Analysis
In the past few hours, bitcoin price declined more than 8% below $11,500, but ripple price was stable against the US Dollar. Earlier, the XRP/USD pair declined towards the main $0.3900 support area and settled below the 100 hourly simple moving average. However, the $0.3900 zone acted as a strong barrier for sellers and the price stayed above $0.3900.
It seems like a solid support base is forming near $0.3900. Recently, the price started an upward move and broke the $0.4000 resistance. Moreover, the price surpassed the 50% Fib retracement level of the last decline from the $0.4269 high to $0.3896 low. More importantly, there was a break above a major bearish trend line with resistance near $0.4000 on the hourly chart of the XRP/USD pair.
Ripple price is now trading near the $0.4110 level. It tested the $0.4200 resistance and the 100 hourly SMA. Moreover, the 76.4% Fib retracement level of the last decline from the $0.4269 high to $0.3896 low is also acting as a resistance. If there is an upside break above the $0.4200 resistance, the price could test the $0.4275 resistance.
If there are more gains above $0.4275, there are chances of an upside break above the $0.4300 level. The next main hurdles are near $0.4450 and $0.4500. Conversely, if the price fails to clear the $0.4275 resistance, it could decline once again. An initial support is near the $0.4000 level.
Looking at the chart, ripple price is clearly forming a strong support near the $0.3900 level. As long as the price is above $0.3900 and $0.4000, there are chances of a fresh increase above the $0.4275 resistance. If there is a downside break below $0.3900, the price could slide towards $0.3500.
Hourly MACD – The MACD for XRP/USD is moving back in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently moving higher and it is above the 50 level.
Major Support Levels – $0.4000, $0.3900 and $0.3500.
Major Resistance Levels – $0.4200, $0.4275 and $0.4400.
The post Bitcoin Slides While Ripple Price (XRP) Likely Forming Bottom appeared first on NewsBTC.
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- ETH price failed to break the $322 resistance area and declined again against the US Dollar.
- The price broke the $310 support area and even tested the $290 support level.
- There was a break below a major ascending channel with support near $303 on the hourly chart of ETH/USD (data feed via Kraken).
- Similarly, there were losses noted in bitcoin, ripple, BCH, EOS and a few others.
Ethereum price struggled to remain above the $310 and $315 levels versus the US Dollar, and declined vs bitcoin. ETH price is currently holding $290, but facing many hurdles.
Ethereum Price Analysis
After testing the $275 support area, Ethereum price started an upside correction above $300 against the US Dollar. The ETH/USD pair broke the $310 resistance and the 100 hourly simple moving average. It even surpassed the $320 level, but it seems like the $322-323 zone acted as a major hurdle. A swing high was formed near $323 and recently the price started a fresh decline.
It traded below the key $315 and $310 support levels. During the decline, there was a break below a major ascending channel with support near $303 on the hourly chart of ETH/USD. Moreover, there was a break below the 76.4% Fib retracement level of the upward move from the $291 low to $323 high. The price is currently trading near the last swing low at $291 and is holding the $290 support level.
If there are more losses, the price could test the $284 support area. It represents the 1.236 Fib extension level of the upward move from the $291 low to $323 high. If there are more losses, the price may even revisit the key $275 support area in the near term.
On the upside, there are many hurdles near the $300 and $305 levels. The main resistance is near the $305 level and the 100 hourly SMA. A successful close above the 100 hourly SMA might start a decent recovery above $310. The next main hurdle for the bulls is near the $320 and $323 levels. If the price climbs above the last swing high at $323, it may perhaps rise towards the $350 level.
Looking at the chart, Ethereum price is clearly holding a couple of important supports, similar to bitcoin (above $10,500). However, on the upside, there are many resistances near $305, $310 and $320. As long as the price is below the mentioned levels, it could decline towards $275.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is slowly moving in the bullish zone.
Hourly RSI – The RSI for ETH/USD is recovering from 30 and it is currently near 45.
Major Support Level – $284
Major Resistance Level – $305
The post Ethereum (ETH) Price Holding Support But Facing Many Hurdles appeared first on NewsBTC.
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Indian regulatory agencies have remained hostile towards the cryptocurrency ecosystem. The Indian government has, so far, failed to pursue a definitive stance on the same. Under these doubtful circumstances, another Indian cryptocurrency exchange, Koinex ceased operations following the suit of its predecessors. On a more positive note for the Indian crypto traders and enthusiasts, the […]
The post Binance displays prices in INR, even as Indian exchange bites the dust appeared first on AMBCrypto.
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samedi 29 juin 2019
Haiti completes comeback from 2-0 down to take 3-2 lead on Canada | CONCACAF 2019 Gold Cup Highlights
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Bitcoin’s combined trading volume crosses $3 billion on popular exchanges, on the back of ATH record
The past few weeks have been spectacular for Bitcoin, with its price surge accompanied by major increases in market cap and market volume. While holders of the cryptocurrency were waiting expectantly for it to break the $13,000 mark, the king coin was setting different records in other areas as well. On June 28, it was […]
The post Bitcoin’s combined trading volume crosses $3 billion on popular exchanges, on the back of ATH record appeared first on AMBCrypto.
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Bitcoin falls under the $10,800 mark again as most of the top 20 cryptocurrencies are reporting significant losses on the day
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Coinbase Pro is rolling out support for Chainlink’s ERC-20 token
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Web browser Opera has released new iOS version, complete with an Ethereum wallet and support for Ethereum dApps
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Following a recent oracle issue, Synthetix will reverse the misplaced 37 million synthetic ether in exchange for a bug bounty
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P2P cryptocurrency solutions project Liquality has launched its interface for cross-chain atomic swaps between bitcoin, ether and stablecoin dai on the mainnet
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Bitcoin is busy deleting the last traces of its 2018 bear market
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An asset platform that allows for the minting and trading of synthetic assets recently lost over 37 million synthetic ether in an apparent oracle attack
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Brazilian Development Bank elected interim president. What does it mean for the crypto development of the country?
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Facebook has started advertising for a head of data science to work on its Calibra wallet
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Kik has made inaccurate claims about activity on its blockchain to the U.S. Securities and Exchange Commission, according to a Coin Metrics report
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Bitcoin price consolidating under $11K on Monday after several days of fresh gains
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Facebook’s Libra is currently a “centralized wolf in a decentralized sheep’s clothing,” according to Ethereum co-founder Joseph Lubin
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Microsoft and Ethereum Foundation Swell the Hyperledger Ranks Amid Growing Cross-Industry Blockchain Collaboration
Hyperledger now has more than 270 members, with Microsoft and the Ethereum Foundation becoming the newest
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After briefly reaching $11,000, bitcoin has corrected downward to trade under $10,700
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Canada goalkeeper Milan Borjan denies Haiti with unbelievable save | 2019 CONCACAF Gold Cup Highlights
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vendredi 28 juin 2019
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Gerald Cotten, the founder of the largest Canadian crypto exchange, QuadrigaCX, potentially stole almost $200 million and reportedly died
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Overstock’s crypto subsidiary tZero officially launched its mobile crypto app, touting it as a hack-resistant wallet and exchange tool
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CEX.io's new survey gives new insight into public expectations for cryptocurrencies as well as their reasons for hesitation
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A long-term approach is most appropriate for most bitcoin traders, according to Fundstrat Global Advisers Co-Founder Thomas Lee
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Former Visa exec-led Crypterium has delivered nearly 4,000 crypto cards globally in one week
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Bitcoin payments have been enabled again on Amazon-owned, popular game streaming platform Twitch
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Major crypto exchanges and data market providers are pushing to improve liquidity, strengthening the long-term growth trend of the sector. Is this a sign of maturity?
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Indian crypto exchange Koinex has ceased operations effective immediately, its co-founder has confirmed
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Huobi is “moving aggressively” to the Turkish market, where 20% of citizens reportedly own some form of crypto
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Compared to others, Localbitcoins’ volumes keep falling after it ditched cash trades
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Bitcoin volatility sparks altcoin bloodbath as $13,800 level now become a critical crossroads for BTC
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Long-time bitcoin bulls the Winklevoss Twins have seen their net worth soar 120% since January to hit a combined $1.45 billion
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Amid record trading volumes, BitMEX throws shade at Nouriel Roubini
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Bitrefill has made it possible for Coinbase users to access its suite of Bitcoin Lightning services directly from within their exchange accounts
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Top crypto exchange Binance and stablecoin issuer Paxos have partnered to integrate a new fiat deposit gateway on Binance’s flagship trading platform
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Space might be the final frontier, but it also might end up being the final showdown between crypto asset Bitcoin and the precious metal and chemical element known as gold. In a wild story that sounds like it was ripped from the pages of science fiction novels, NASA is planning a space mission to an asteroid comprised of previous metals – such as gold – to conduct extensive scientific research that could uncover the viability of mining the astroid for the supposed over $10 quadrillion worth it contains.
While such an event is many years away, if asteroid mining companies are able to tap into the golden goose of a rock, it could considerably throw off the supply of gold, rendering it virtually worthless. Such an event would also propel Bitcoin significantly, and really highlight the importance of its hard-coded digital scarcity compared to the perceived scarcity of its physical counterpart.
NASA Plans 2022 Mission to Explore Gold-Filled Asteroid Psyche 16
The National Aeronautics and Space Administration is planning a “mission to a metal world,” when it visits an asteroid called Psyche 16 said to be comprised of $10 quadrillion worth of precious metals including gold.
NASA’s motives are purely for exploration, as they intend to “determine whether Psyche is a core, or if it is unmelted material,” among other scientific research goals. However, the powerhouses of the mining industry that control most of the gold that’s brought to market, would be eager to travel to space and back to further grow their market dominance and control the supply.
Such a thing would still be many years away, as the launch of such a mission would begin in 2022 barring any major delays, take an estimated 2.5 years to reach the golden goose asteroid, and at least a year or two to conduct research. That research would need to be assimilated, and mining companies would need to understand exactly how much of the precious metals could be extracted before venturing into outer space.
Tapping Asteroid Would Cripple Gold Value, Take Bitcoin Price to Final Frontier
The amount the asteroid could potentially contain worth of metals like iron, nickel, gold, and palladium – some more valuable than others here on Earth – is said to be enough to make every human on Earth a billionaire, but that’s just not how basic supply and demand economics works. Based on current gold prices, maybe. But tapping into such an asteroid could potentially be catastrophic for the price of gold – but equally as beneficial for Bitcoin.
Each year, gold miners bring to market between 4-5 million ounces of gold, or between $5.6 and $7 billion dollars, to the market. It takes as much as $210 billion – the entire current market cap of Bitcoin – to move gold just 3%, so the addition of only a few billion dollars doesn’t hinder the asset’s value increasing.
— WhalePanda (@WhalePanda) June 28, 2019
Given that gold’s market cap is $7.5 trillion, the sudden realization that over $10 quadrillion more of the supposedly scarce asset being out there, just waiting to be tapped into, could essentially render all the gold on Earth worthless. Bringing such a supply here on Earth would also destroy the price of gold in a near instant due to supply and demand economics.
Any asset – gold, Bitcoin, crypto or otherwise – is always worth what others are willing to pay for it. Gold is at $1,400 per ounce, and offers so few benefits over its digital counterpart in Bitcoin. Bitcoin is digital, can be sent anywhere in the world, and is coded to be hard-capped so the supply cannot increase – not even if we start exploring the farthest reaches of the universe.
Once the entire world learns that the gold they hold due to how scarce and rare it was, isn’t actually so and that there’s a seemingly endless supply just outside of arms reach, it could cause waves of capital to flow into Bitcoin – an asset that actually has scarcity built directly into its source code.
While this is many years away, it might finally cause a dramatic shift of gold capital outpouring into Bitcoin that eventually flips its market cap, becomes the global currency, and all the other things that the crypto asset can potentially be.
The post Space May Hold the Key To Bitcoin Final Moon Mission and Flipping Gold appeared first on NewsBTC.
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The IMF says central banks are interested in digital currencies, and several countries may join Uruguay in testing out CBDCs soon
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Bitcoin has once again been caught in the throes of massive volatility, experiencing a parabolic price surge yesterday before plunging over 20%. This price action has led many investors to quickly flip bearish on BTC, but a bullish response to its latest drop could lead it significantly higher.
Analysts are now noting that Bitcoin is still caught in a firm uptrend in spite of this recent volatility, which likely signals that it will continue climbing higher in the near-future.
Bitcoin Begins Climbing After Finding Support in $10,000 Region
At the time of writing, Bitcoin is trading up over 4% at its current price of $11,850. BTC’s latest move upwards signals that the cryptocurrency does have support in the $10,000 region, which likely signals that it will continue to extend its upwards momentum in the short-term.
Importantly, BTC is still up significantly over a one-month period, surging from lows of $7,500 to its recently established highs of just below $14,000.
So, while zooming out and looking at Bitcoin’s macro price action, it becomes increasingly clear that bulls are still in firm control, which may mean that yesterday’s drop is actually a healthy pullback that will allow the crypto to continue climbing higher.
Mayne, a popular cryptocurrency analyst on Twitter, spoke about Bitcoin’s price action in a recent tweet, explaining that $9,500 is a key level to hold, and if it does hold above this level it may surge as high as $16,000 in the near-term.
“$BTC Dumped into a HTF block and have recovered nicely. If you panic sold at $10k yesterday you are waking up salty. Patience is key if you are freaking out zoom out! We lose the grey we test $9.5k, I’m a buyer there. Otherwise once [Bitcoin] regain the 2018 y/o I expect $16k quickly,” he said.
Dumped into a HTF block and have recovered nicely. If you panic sold at $10k yesterday you are waking up salty. Patience is key if you are freaking out zoom out!
We lose the grey we test $9.5k, I'm a buyer there. Otherwise once ifregain the 2018 y/o I expect $16k quickly. pic.twitter.com/TUdBbZSjZJ
— Mayne (@Tradermayne) June 28, 2019
Analyst: BTC Still in Firm Uptrend Despite Volatility
Importantly, BTC’s recovery from its recent lows signals that the crypto is still in an uptrend, and is once again gearing up for another big move that will likely send it back towards, or past, its recently established local top at $13,800.
Josh Rager, another popular crypto analyst on Twitter, spoke about this in a recent tweet, explaining that BTC is likely just “1/6 of the way to the top.”
“After a few DMs from people selling out of fear yesterday, I just want to remind you of something. Bitcoin is in an uptrend. Don’t believe me? I circled the last uptrend for you as well as the current uptrend. Probably 1/6 way to the top right now, IMO. It’s going to be okay,” Rager said.
After a few DMs from people selling out of fear yesterday, I just want to remind you of something
Bitcoin is in an uptrend
Don't believe me?
I circled the last uptrend for you as well as the current uptrend
Probably 1/6 way to the top right now, IMO
It's going to be okay pic.twitter.com/vqegY9goVS
— Josh Rager (@Josh_Rager) June 28, 2019
As the week wraps up and the weekend trading session kicks off, it is highly likely that traders and analysts alike will soon garner greater insight into whether or not Bitcoin’s current uptrend will be enough to propel it past its previously established all-time-highs.
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jeudi 27 juin 2019
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- Ripple price failed to hold the key $0.4500 support and declined heavily against the US dollar.
- The price even broke the key $0.4220 support level and it is now trading below $0.4150.
- There is a short term contracting triangle forming with resistance near $0.4120 on the hourly chart of the XRP/USD pair (data source from Kraken).
- Ethereum price also declined heavily and it even broke the key $300 support area.
Ripple price is facing a strong selling interest against the US Dollar, while bitcoin is trimming gains. XRP price could recover only if it corrects above the $0.4220 level.
Ripple Price Analysis
Recently, bitcoin price started a major correction below $12,000, putting pressure on ripple price below $0.4500 against the US Dollar. The XRP/USD pair declined heavily and broke a few important supports near $0.4500 and $0.4450. There was also a close below the $0.4400 level and the 100 hourly simple moving average. It opened the doors for more losses and the price declined below $0.4350 and $0.4220.
Moreover, the decline was such that the price dived below the $0.4000 support. A swing low was formed at $0.3878 and the price is currently correcting higher. Ripple traded above $0.4000, but it facing many hurdles near $0.4120. The 23.6% Fib retracement level of the recent decline from the $0.4948 high to $0.3878 low is also near the $0.4130 level.
Besides, there is a short term contracting triangle forming with resistance near $0.4120 on the hourly chart of the XRP/USD pair. If there is an upside break, the $0.4220 level may be the next hurdle. If the bulls gain pace above $0.4220, the price could start a decent recovery. In the mentioned case, the price could test $0.4400 or the 50% Fib retracement level of the recent decline from the $0.4948 high to $0.3878 low.
On the downside, if there is a fresh decline below $0.4000, the price could resume its slide. An immediate support is at $0.3880, below which there is a risk of a downside break below the $0.3880 swing low. The next key support is near the $0.3500 level, where buyers are likely to emerge.
Looking at the chart, ripple price clearly declined heavily and broke a few key supports near $0.4400 and $0.4200. Therefore, to start a fresh increase, it must regain the $0.4200 and $0.4400 levels. If not, there are chances of more losses below the $0.4000 support.
Hourly MACD – The MACD for XRP/USD is slowly moving back in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently struggling to move above the 40 level.
Major Support Levels – $0.4000, $0.3880 and $0.3500.
Major Resistance Levels – $0.4120, $0.4220 and $0.4400.
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- ETH price topped near the $364 level and declined sharply below $350 against the US Dollar.
- The price is down more than 20% from highs and it is now trading below $310.
- This week’s followed key bullish trend line was breached with support near $318 on the hourly chart of ETH/USD (data feed via Kraken).
- There were sharp losses noted in bitcoin, ripple, bitcoin cash and a few other major altcoins.
Ethereum price is back in a short term bearish zone versus the US Dollar and bitcoin. ETH price could recover above $300, but it is likely to face resistance near $310 or $320.
Ethereum Price Analysis
In the past few sessions, there was a sharp increase in selling on Ethereum and bitcoin against the US Dollar. The ETH/USD pair topped near the $364 level and declined sharply below $350. It broke the main support near the $320 level and the 100 hourly simple moving average. The decline was such that there was a close below the $320 and $318 pivot levels.
Moreover, this week’s followed key bullish trend line was breached with support near $318 on the hourly chart of ETH/USD. Ethereum price is now trading well below the $310 level and it recently declined towards the $275 level. A swing low was formed near $274 and the price is currently correcting higher. It recovered above $290 plus the 50% Fib retracement level of the recent decline from the $314 high to $274 swing low.
However, Ether is facing a strong resistance near the $300 level. Moreover, the 61.8% Fib retracement level of the recent decline from the $314 high to $274 swing low is acting as a hurdle. More importantly, there is a connecting bearish trend line forming with resistance near $300 on the same chart.
It seems like the price may correct higher above $300 in the short term. However, the bulls are likely to face a strong resistance near the $310 and $315 levels. The main resistance is now near $318 and the 100 hourly SMA. A successful close above $320 is needed for the bulls to gain traction.
Looking at the chart, Ethereum price moved back in a bearish zone below $320 and $310. A convincing recovery won’t be easy above $310 or $320. If the price continues to struggle near $300 or $310, there are chances of a fresh decline towards $280 or $275 in the near term.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is slowly moving in the bullish zone.
Hourly RSI – The RSI for ETH/USD is slowly recovering from 30 and it is currently near 42.
Major Support Level – $280
Major Resistance Level – $310
The post Ethereum (ETH) Price Dives 20%: Recovery Could Be Difficult appeared first on NewsBTC.
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There are many reasons to keep bitcoin cash transactions private and the top six ways to make them anonymous are outlined in a new video by Bitcoin.com. Meanwhile, the Financial Action Task Force has just released its global guidance for crypto assets, effectively calling on countries and crypto exchanges to strengthen their KYC measures.
Easy Ways to Keep Transactions Private
There are many ways bitcoin cash users can keep their transactions private. Bitcoin.com has produced a new video outlining the top six easy ways to help crypto transactions become anonymous.
One of the most common ways to increase privacy when transacting in cryptocurrencies is using peer-to-peer (P2P) platforms that do not require KYC information, such as the newly launched platform by Bitcoin.com. Over 22,000 people have signed up for Local.Bitcoin.com which “does not require you to identify yourself and you’re free to accept any of the payment methods listed on the site,” the video explains. It further details how users can stay safe when using P2P platforms in addition to staying “completely anonymous.”
BCH users can also use Cashshuffle which allows them “to shuffle their coins with other users so it’s almost impossible to tie the bitcoin cash to a certain person,” the video describes. It also details the use of Tor and VPN to enhance privacy.
Further, bitcoin ATMs that do not require KYC can be used for private transactions. “Bitcoin ATMs are popping up all over the world. It’s likely that there are several within a few miles of you,” the video notes, adding that anyone can find one using this tool. For those wanting to earn cryptocurrencies privately, this Bitcoin.com video describes the top ways to earn BCH income.
Increased Global KYC Efforts
Many countries and cryptocurrency exchanges could be getting more serious about their KYC measures. The Financial Action Task Force (FATF), the global money-laundering watchdog, released its guidance for virtual assets and virtual asset service providers last week. It recognizes:
The virtual asset ecosystem has seen the rise of anonymity-enhanced cryptocurrencies (AECs), mixers and tumblers, decentralized platforms and exchanges, and other types of products and services that enable or allow for reduced transparency and increased obfuscation of financial flows.
The FATF also acknowledged that new methods continue to emerge “including the increasing use of virtual-to-virtual layering schemes that attempt to further obfuscate transactions in a comparatively easy, cheap, and secure manner.”
The organization subsequently calls on all countries and crypto exchanges to strengthen their measures against products and services that could undermine an exchange’s “ability to know its customers and implement effective customer due diligence.” However, its recommendations are not laws and not binding since each country may choose to implement any or none of the guidelines, as news.Bitcoin.com previously explained.
What is your favorite way to keep your crypto transactions private? Let us know in the comments section below.
Disclaimer: None of the information in this article is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any products, services, or companies. Neither Bitcoin.com nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Images courtesy of Shutterstock and Bitcoin.com.
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