Tag Archives: Trading

Crypto Trading Volume Hits 9 Month High at $34 Billion

Crypto Trading Volume Hits 9 Month High at $34 Billion

Crypto markets still rallying; EOS and BCH running away with it, Cardano, Dash and ETC performing well. The big crypto rally which began with Ethereum yesterday has continued today where a different top performer has emerged. Total market capitalization reached a high of $134 billion as a further $9 billion was added to yesterday’s pump. Daily volume has not been over $34 billion since late April 2018 according to Coinmarketcap. This marks a huge 9 month milestone in crypto trading volumes and some analysts have predicted the […]

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Crypto Tidbits: BitGo Launches Bitcoin Trading, Ethereum’s Lubin Joins ErisX, Cryptopia Hacked

Crypto Tidbits: BitGo Launches Bitcoin Trading, Ethereum's Lubin Joins ErisX, Cryptopia Hacked

Although Bitcoin (BTC) and its crypto asset brethren have effectively stabilized, seeing little-to-zero movement, this industry’s startups have continued to make strides in an array of directions. Some preeminent companies made monumental steps forward, while others took devastating steps back. Regardless, the bottom line is that the crypto sector hasn’t slowed, contrary to sentiment touted by cynics. Crypto Tidbits Bitcoin Giant BitGo, Genesis Trading Launch Cold Storage-Secured OTC Desk: Palo Alto-headquartered BitGo, a long-time industry powerhouse that has served Pantera Captial, Ripple Labs, Bitstamp, among others, recently joined […]

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Bitcoin: BTC Sinks Below $3,600, Nears Bottom of Recently Established Trading Range

Bitcoin: BTC Sinks Below $3,600, Nears Bottom of Recently Established Trading Range

Bitcoin (BTC) has failed to maintain its recently established position in the $3,700 region, which has led it to drop over 4% today. Bitcoin’s latest downwards leg has led the entire crypto markets to drop, and most altcoins are currently trading down around 4%. Bitcoin is now nearing the bottom of its previously established trading range between $3,550 and $4,200, which, if the former price is to be broken, could lead to another, much larger, drop. Bitcoin Plunges Over 4% Yesterday, Bitcoin surged to highs of over […]

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Crypto Market Wrap: $5 Billion Dumped to Bottom of Trading Range

Crypto Market Wrap: $5 Billion Dumped to Bottom of Trading Range

Crypto markets dump to bottom of trading range, Ethereum, Bitcoin Cash and Litecoin suffering, TenX still climbing. Following almost a week of inactivity crypto markets have started to dump again. A break through support zones for several of the major crypto assets has resulted in total market capitalization plunging back below $120 billion again for the fourth time since the end of November. Bitcoin has failed to hold above $3,700 and dumped almost 4% to an intraday low of $3,585. It is currently clinging on to support […]

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Bitcoin (BTC) Climbs Slightly as Crypto Markets Experience Mixed Trading Session

Bitcoin (BTC) Climbs Slightly as Crypto Markets Experience Mixed Trading Session

The past several days have been particularly volatile for the cryptocurrency markets, with Bitcoin (BTC) surging to highs of nearly $3,750 on Saturday before fully retracing to lows of $3,550. Despite this volatility, Bitcoin has been able to hold $3,550 as a level of support and has led the entire crypto markets to rise slightly today. Analysts are now saying that the market’s ability to hold above its recently established support levels may lead to further gains in the near future. Bitcoin (BTC) and Crypto Markets Hold Steady The […]

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Coinbase Targets Whales in Europe and Asia With New Trading Services

Coinbase Targets Whales in Europe and Asia With New Trading Services

As the crippling US government shutdown rolls into its fifth week major crypto exchanges are looking at alternative markets. They don’t come much bigger than Coinbase which has just expanded trading options for big traders in Europe and Asia. High Volume Traders Only The new options are not available to everyone though as only Coinbase Pro and Prime customers have been selected. The biggest improvement is the ability to use cross border wire transfers to fund Coinbase accounts. Previously the bank had to be in the same […]

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Ripple Price Analysis: XRP Trading Sideways Below Key Resistance

Ripple Price Analysis: XRP Accumulation, Bull Pressure Building Up

Ripple price corrected lower and tested the $0.3130 support area against the US dollar. There was a break above a key declining channel with resistance at $0.3145 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently trading in a range below the key resistance levels at $0.3200 and $0.3220. Ripple price remains supported on dips against the US Dollar and Bitcoin. However, XRP/USD must break the $0.3200 and $0.3220 resistance levels to gain bullish momentum. Ripple Price Analysis Yesterday, we […]

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Bitcoin (BTC) Could Be Gearing up For a Big Move as Sideways Trading Persists

Bitcoin (BTC) Could Be Gearing up For a Big Move as Sideways Trading Persists

Over the past several days Bitcoin (BTC) has seen an extended period of sideways trading within an extremely tight trading range between approximately $3,550 and $3,650. Although this lack of volatility may be welcomed by investors who are tired of the cryptocurrency’s frequent price movements, historically involatile price action leads to a massive price movement in one direction or another. Bitcoin Stable Around $3,600 At the time of writing, Bitcoin is trading up nominally at its current price of $3,600. Last Sunday, BTC dropped from $3,750 to […]

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Bitcoin Price Weekly Analysis: BTC Trading Near Make-or-Break Levels

BTC Volumes Shrink 22% From Jan 10

Bitcoin price is trading nicely above the $3,500 support area against the US Dollar. There is a major ascending channel formed with resistance at $3,650 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair needs to surpass the $3,650 and $3,720 resistance levels to gain bullish momentum in the near term. Bitcoin price made a few bullish breakout attempts, but it failed against the US Dollar. BTC/USD must stay above $3,500 and $3,480 to avoid a downside break in the coming days. […]

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Crypto VC: Bitcoin And S&P 500 Trading At Near-Zero Correlation

Crypto VC: Bitcoin And S&P 500 Trading At Near-Zero Correlation

The crypto market‘s lack of correlation with traditional equities, like American stocks, bonds, and real estate, has always been an integral part of the tantalizing, entrancing nature of Bitcoin. And while the broader cryptocurrency space has matured drastically over yesteryear, data indicates that the legacy financial system and the realm of blockchain-based assets have aren’t two peas in the same markets pod. Related Reading: Bitcoin: If History Repeats Itself, BTC May Not Reach Previous All-Time-Highs Until 2021 Bitcoin And U.S. Stocks Remain Non-Correlated In late-December, mere days after […]

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