Bitcoin [BTC] Price Logs $11,000 as Crypto Market Hails Secretary Mnuchin’s Speech

The Secretary of the US Treasury held a press conference to address the concerns around the popularity of cryptocurrencies, especially Bitcoin and Libra. Since Facebook’s announcement of Libra, many regulating and statutory bodies in the US have come out and expressed their doubts.
Secretary Steven Mnuchin issued the address as an emergency announcement on cryptocurrencies. The highlight of the speech was primarily security concerns around the illicit use of cryptocurrencies. These include money laundering, trafficking, and terrorist financing.
Nevertheless, he seemed comfortable with the prospects of it being used as a speculative instrument. He said,
I’m not speaking on the investment merits of bitcoin, and using it for speculation. I am speaking on stopping the illicit financial activity.
BTC/USD 4-Hour Chart on Bitstamp (TradingView)
Although it was an emergency speech that made many traders apprehensive at the moment. However, the market has gained about $750 since then. The price of Bitcoin at 3: 45 hours UTC on 16th July 2019 is $10786. It was trading around $10,200 before the announcement and touched a 12-hour high around $11,050.
Mati Greenspan, the Senior Market Analyst at eToro, shared the price analysis of Bitcoin as the speech was made. He tweeted,
Bitcoin is up 5% since Mnuchin started his emergency crypto speech 1 hour ago.
BTC/USD 1-Minute Chart Analysis – The market region represents the time of the Speech (Source)
Nevertheless, he also mentioned that cryptocurrencies are considered “national security at the moment.” Hence, even while the traders and investors seem to be in the clear, various regulations and new law impositions can be expected from the US. Mati Greenspan said,
This attack seems to be targeted at Libra and not at bitcoin but there’s no doubt they’re about to crackdown on the entire industry.
Moreover, Secretary Mnuchin explicitly mentioned that the primary reason behind the emergency address was the attention grabbed by Libra. On Friday, the President of the US, Trump, also expressed similar views. He said that he wasn’t a ‘fan of Bitcoin.’ Both Mnuchin and Trump believe that its value is based on thin air.
Nevertheless, the crypto-community still sees it as a triumph. The mainstream attention and even a partial acceptance at the moment in welcomed by the traders. Vinny Lingham, crypto-Analyst and trader tweeted about these sentiments of progress for a crypto-trader, as he said,
2009: What’s a Bitcoin?
2014: Bitcoin is dead!
2019: Should we ban Bitcoin?
2024: What’s a Dollar?
Watch the full video here,

Do you see this as a win for cryptocurrencies or an issue of concern? Please share your views with us. 
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Source: CoinGape

Fake Satoshi and Binance Rumor in China Cause Bitcoin SV [BSV] Rise: Report

Bitcoin Satoshi Vision [BSV] ‘mooned’ on 30th May 2019 as the price surged by more than 65% in less than 8 hours. The price rose from $120 to a high of $197, rising almost every two minutes. It also the All-Time High for BSV for many exchanges like Bittrex which listed the fork of Bitcoin Cash [BCH] last year 2018 a couple of days later.
BSV/USD 1-Day Chart on Bitfinex (TradingView)
There wasn’t any significant fundamental or technical market indicator supporting the fact. Reportedly, the rise was fuelled by a fake news circulation in the we-chat community. It was first pointed out by Dovey Wan, who tweeted the picture which read the fake news on it in Chinese.
Photo of Fake News on BSV that Went Viral
“It reads “CSW transferred 50k BTC from the biggest BTC wallet to Binance, which confirmed he is the real Satoshi. As such CZ will re-list BSV and make an official apology on Twitter” it’s fake af but many retail will believe it for a while before they figure out it’s fake”
Also Read: Binance Exchange Finally Delists Bitcoin SV [BSV]; BSV Falls by 8% Instantly
The rise was initiated at around 12: 00 Hours UTC on 29th May 2019. According to the update, the news was started at approximately 10: 00 Hours UTC. Hence, the timelines also justify the false news report. Wan also noted that,
“The trick is easy and constantly used by many scams – all chinese crypto media circulate the breaking news via picture as above in wechat, instead of news link. So anybody can just use the same theme template and photoshop one like above”
Satoshi’s anonymity has always acted as a USP for Bitcoin [BTC] to promote its decentralization. However, last few years the split in the ideologies in the Bitcoin core group had caused two popular forks in two years. Craig Wright, the proponent of one of these chains, BSV, claims to be the real Satoshi Nakamoto. Hence, his version of the chain must be most widely accepted as Bitcoin [BTC].
Also Read: How To Prove the Real Identity of Satoshi Nakamoto, the Creator of Bitcoin? CZ Suggests

 Nevertheless, he has failed in his efforts over-all in convincing the crypto-community to support his claims. Moreover, his strategies are mostly causing abnormal movements in the markets and also creating considerable FOMO and FUD.

Do you think other Exchanges must also consider delisting Bitcoin SV like Binance? Please share your views with us. 
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Source: CoinGape

Bitcoin Satoshi Vision [BSV] Gains 200% in a Fortnight as Price Breaks $180

Bitcoin Satoshi Vision (BSV) the controversial hard-fork of Bitcoin [BTC], or rather Bitcoin Cash [BCH], has gained massively in the last couple of hours as it recorded gains above 47% in less than 10 hours. Bitcoin Satoshi Vision [BSV] which was trading around $120 early on 29th May 2019, broke extremely bullish reaching the All-Time Highs it had reached during its launch.
BSV/USD 4-Hour Chart on Bitfinex (TradingView)
The price of Bitcoin Satoshi Vision [BSV] at 13: 45 Hours UTC on 29th May 2019 is $186. It is trading 65% higher on a daily scale. The rise has been beyond one’s imagination, gaining almost every minute. It surpasses 0.0211 BTC.
BSV/USD 4-Hour Chart on Bitfinex (TradingView)
Currently, Bitcoin Satoshi Vision [BSV] is ranked 8th with a total market capitalization of more than 3.2 billion dollars. The price of BSV is almost 70% that of Ethereum at the moment. The rise can be attributed to Craig Wright’s claims over him being Satoshi Nakamoto.
The All-Time High of BSV is around $220-$240. This is recorded just after the hard fork event with Bitcoin Cash [BCH] as the two chains were competing to be recognized as the original payment system with Bitcoin [BTC]. It will meet with massive resistance at that level. Nevertheless, a break above it could trigger another run.
Also Read: Bitcoin SV [BSV] Holds 80% Gains; MIT License To Challenge Craig’s Copyright?
Recently, he had filed a copyright registration for the Bitcoin Whitepaper at the US Copyright Office. BSV Gained more almost 100% after the news broke. Furthermore, beginning at $60 before the claims, BSV has gained over 200% since the copyright registration.
However, it was met with criticism as the claims still provided no proof of the fact that he is, in fact, Satoshi Nakato. Nevertheless, he is probably the only one in the world who is closet to creating fear about the revelation of Satoshi’s identity.
Do you think that the price will increase further? Please share your views with us. 
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Source: CoinGape

EOS Gains Over 15% As Block.one Build Anticipation for #B1June Annoncement

EOS broke $8, gaining over 15% in the past 24 hours. The price of EOS at 4: 00 Hours UTC on 28th May 2019 is $7.9.
The market capitalization of the entire cryptocurrency market rose by around 10% on Monday 27th May 2019, but have retained the gains after that. However, EOS has gained higher than most coins. It also beats Litecoin [LTC] to attain 6th rank by total Mcap.
EOS/USD 1-Day Chart on Binance (TradingView)
The cryptocurrency reportedly retained its first rank in the Chinese cryptocurrency rankings released every month by the Center for Information and Industry Development (CCID) since May 2018. The Chinese Public Agency, CCID, assess the cryptocurrencies based on their application, underlying technology, and innovation. EOS was the leading platforms for Dapps according to their assessment.
‘Big Announcement’: #B1June; All Kept a Secret
The rise can also be attributed to the apprehensions of the ‘big announcement’ that Block.one is expected to deliver on 1st June. #B1June is a favorite caption among EOS proponents. While the details of the announcement are kept a complete secret, Mike Novogratz, cryptocurrency investor, and analyst had also mentioned it in his talk with CNBC Squawk box, he said,
“EOS has a big announcement in June. My guess on that announcement, people get excited, the coin goes higher.”
However, he also mentioned that the Dapps space could take about two to five years to develop. Nevertheless, some of these cryptocurrencies have a “real chance” of being recognized as currencies as well.
Block.One Has Purchased RAM Worth $25 Million on EOS
Reportedly, Block.one has purchased RAM space worth $25 million on the EOS blockchain. They spent their reserve balance of EOS to spend 3,300,000 EOS on it. Moreover, a cryptocurrency user, Rob Finch, also noted in a tweet that the RAM space is not bought to increase space for more users, it will surely be used to build something else. He tweeted,
“NOTE: once RAM is purchased, it cannot be used to create new accounts. The RAM for a new account is purchased at the time of account creation.”
In the recent episode of Everything EOS, where Zack talked about the use of the enormous RAM space that Block.one bought in EOS. It could include support for side chains or a new layer on EOS.
Moreover, he also said that,
“It could be used to provide some sort of scaling solution on Bitcoin..”
Another firm is also expected to co-announce things together with Block.one, which was confirmed by Dan as a “Yes” to the presence of other firms taking the stage. Dan Larimer, the founder of Block.one said in a discussion,
“We are spending on blockchain based social media outside of EOS VC… More code coming in May.”
What according to you will be the primary subject of the announcement? Please share your views with us. 
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Source: CoinGape

Bitcoin [BTC] Crosses $150 Billion MCap with a Surge Past $8700

The cryptocurrency market had entered a weekend rather quietly. However, the end to it has been euphoric. Bitcoin [BTC] gained above 7.5% in a very short interval of time as it breached another yearly high near $8750-$8800. The dominance of Bitcoin [BTC] rose above 57.5% once again as the confidence in Bitcoin [BTC] continues to grow.
The price of Bitcoin [BTC] 21: 00 Hours UTC on 26th May 2019 is $8578. It is trading 6.4% higher on a daily scale.
BTC/USD 4-Hour Chart on Coinbase (TradingView)
The rise has taken the entire market by surprise because the activity on Sunday is expected to be on the quieter side. The total market capitalization of Bitcoin [BTC] breached $150 billion for the first time this year.
Moreover, until now, no specific market indicators have been identified to justify the rise; just that the bullish momentum on Bitcoin [BTC] has recorded another leg-up. However, it is significant as the yearly rise on Bitcoin has now moved up to 137% in 2019. Moreover, from the bottom at $3150, it is nearing 3X valuation.
Also Read: Week in Review: Cryptocurrency Price Analysis for the Week May 19 to May 26
The altcoins market action has been temporarily on hold as Bitcoin [BTC] alone continues to drive the market. The rise in altcoins is more often than not proportional to Bitcoin due to the close ties with it over the cryptocurrency spot exchanges.
Also Read: Bitwise Presents Bitcoin [BTC] Market ‘Myth-Buster’ Statistical Report to the SEC
The total market capitalization of cryptocurrencies rose above $265 billion almost all coins traded in green w.r.t the US Dollar. Nevertheless, the altcoin traders and holders will have a decision to make to choose the dominant side with Bitcoin [BTC] to stick to their beliefs in the specific altcoins as well. Dovey Wan tweeted about the altseason which was quite ominous for altcoins holders.
BTC dominance is now above 57% (when 51% is a very hard resistant even during bear market) Not sure abt Alt season is a thing this time for numerous reasons (will have another thread abt it)
However, Bitcoin proponents and believers would surely celebrate the new high on Bitcoin this year. Ona further brighter side Mati Greenspan, the Senior Market Analyst at eToro, expected to euphoria to increase with the Eastern market about to open in a couple of hours. He tweeted,

Can't wait for the Asian session. pic.twitter.com/VUb5S1VgEX
— Mati Greenspan (@MatiGreenspan) May 26, 2019

Do you think Bitcoin [BTC] will touch $10000 this week or it will finally the significant pullback we’ve been waiting for? Please share your views with us. 
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Source: CoinGape

Bitcoin SV [BSV] Up 100%; Craig Wright Makes Another Attempt To Cause FOMO?

Craig Wright has filed a copyright registration for the original Bitcoin [BTC] whitepaper. The controversy surrounding Satoshi’s real identity and Craig Wright’s claims had reached its height on Twitter when Binance decided to #delistBSV.
Now, Wright has made another attempt to cause FUD and FOMO in the market by filling a registration with the U.S. Copyright Office supporting his claims of authorship Bitcoin’s whitepaper.
Also Read: Vitalik and Hoskinson Support #DelistBSV, But Concerned About Centralization of Cryptocurrency Exchanges

Craig Wright filed a copyright registration for the Bitcoin whitepaper https://t.co/aIvg2BbmL2 pic.twitter.com/TVdU62TRRv
— Neeraj K. Agrawal (@NeerajKA) May 21, 2019

The price of Bitcoin SV shot up by more than 100% as the news of the registration was broken earlier on 21st May 2019. The price of Bitcoin Satoshi Vision [BSV] at 13: 45 hours UTC is around $110. It touched a high of $135 a moment ago this time as the registration was being interpreted as confirmation of Craig Wright being Satoshi Nakamoto.
BSV/USD 1-Day Chart on Bitfinex (TradingView)
As noted by Jerry Brito, the Executive director of Coincenter, 
Registering a copyright is just filing a form. The Copyright Office does not investigate the validity of the claim; they just register it. Unfortunately there is no official way to challenge a registration. If there are competing claims, the Office will just register all of them.
Hence, according to the laws of copyright in the US, while the registration has been granted to Wright it does not confirm or guarantee his identity. the Copyright is granted to anyone who files with a claim.
Do you think that Craig Wright’s attempt will be more detrimental to BSV’s prices now? Please share your views with us. 
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Source: CoinGape

Opera Plans To Support Tron DApps and TRC-20 Tokens on its Web3 Browser

Opera Software announced its intention to soon support TRON’s TRX and other TRC-standard tokens within its browser. Currently, it supports on Ethereum and ERC-20 tokens on its Dapps browser.
Krystian Kolondra, EVP at Opera, Head of Browsers noted in the announcement that,
“TRON is a popular, quickly developing blockchain with a swiftly growing dApp ecosystem. We are happy to open our browser to it,” She added  “By opening products to multiple blockchains, we are accelerating the mainstream adoption of Web 3.”
Opera launched the Web3 browser and in-built crypto-wallet in December 2018. Web3 browsers are new age browsers that enable the browser API to interact with the blockchain and smart contracts underneath it. It works like any other web browser on the top, but the data and information are actually being executed on a secure blockchain platform like Ethereum or Tron. Opera Web3 Browser plans to add support for more such blockchain platforms during this year.
This is a significant piece of news which guarantees increased adoption of Tron across all platforms. TRX instantly surged by over 6% in 4-hours. Currently, Tron is testing the resistance near its yearly high around $0.0305.
TRX/USD 1-Day Chart (TradingView)
The price of TRX at 15: 30 hours UTC on 15th May 2019 is $0.0299. It is trading 11.95% higher on a daily scale.
Also read: 888Tron Dapp displays Tron’s supremacy by clocking 25 transactions per second
Tron has more than 400 Decentralized Applications built on its blockchain. Moreover, it processes more than 3 million transactions daily. It is one of the fastest growing blockchain projects with a wide scale adoption in the entertainment and e-gaming industry. Justin Sun was also excited about the announcement. He said,
“We are excited that Opera, a mainstream browser with hundreds of millions of users, will now seamlessly support TRX and other TRON tokens,” He added”Soon, Opera users will be able to use dApps on the TRON blockchain. “
Do you think Tron will lead the blockchain-based internet in the future? Please share your views with us. 
The post Opera Plans To Support Tron DApps and TRC-20 Tokens on its Web3 Browser appeared first on Coingape.
Source: CoinGape

XRP Price Surges Over 30% On All-Around Positive News, Stellar [XLM] Gains With It

XRP is making a move again, thrice during the same day, as it broke above $0.42 after 4 months. XRP gained more than 30% in a day. Bitcoin’s bull market has had a positive effect on all cryptocurrencies, however, the volatility of Ripple was limited until today.
The price of XRP at 15: 45 Hours UTC on 14th May 2019 is $0.4118 or 0.000051 BTC. It is trading 26.2% on a daily scale in USD.
XRP/USD 4-Hour Chart on Bitstamp (TradingView)
The positive price movement on Ripple can be attributed to the all-around good news for Ripple. Germany’s second largest Exchange released XRP-based ETNs on Monday 13th May.
Furthermore, Coinbase also made a major announcement. XRP trading was prohibited in the state of New York until now. However, Coinbase announced that it has been made available for New York residents on Coinbase.com. We can also expect Coinbase Custody to allow the same as well.
Coinbase XRP Announcement (Tweet)
Ripple’s efforts and the favorability of XRP with banks and other financial institutions, make XRP one of the most popular cryptocurrency. Moreover, XRP had been testing support levels near $0.3-0.31 for more than 3 months and the hodler’s were expecting a ‘trend reversal.’
The CEO of Binance also bantered with the Crypto-community on XRP, sharing a popular jinx that through a tweet about the on-going maintenance at Binance.
“think positively, whenever we do maintenance, #XRP pumps.”
Stellar [XLM] Gains 13.52%; Is it taking Cue from XRP?
In an abundance of cryptocurrency, one which shares history and utility with XRP is stellar. The duo is the only two positive cryptocurrencies w.r.t. Bitcoin [BTC] in the current markets. The rise on XRP and Stellar w.r.t. BTC is about 20% and 7.8% respectively on a daily scale.
XLM/USD 4-Hour Chart on Coinbase (TradingView)
The price of XLM with respect to Bitcoin broke above 0.00001440 BTC after retracing from 0.00001240 BTC. The price of Stellar at 15: 45 Hours UTC on 14th May 2019 is $0.114. It is trading 12.32% higher on a daily scale.
Do you think that the trend would reverse in XRP as it did in Bitcoin? Please share your views with us.  
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Source: CoinGape

Bitcoin Intrinsic Value Debate: Anthony ‘Pomp’ Vs Shark Tank’s Kevin O’Leary

Bitcoin is back in mainstream news as it continues to outperform traditional assets. While BTC proponents continue to praise the technology, new-comers and fresh investors are back at attacking the asset stating it lacks utility.
Also Read: Will Bitcoin [BTC] Smash $10K Before the End of May? Analysts Predict So
Recently, one of the most popular Bitcoin supporter and founder of Morgan Creek Digital, Anthony Pompliano, and another celebrity VC, shark tank’s Kevin O’Leary locked horns at a CNBC interview for the same debate: Bitcoin’s value proposition.
Kevin O’Leary was absolutely against Bitcoin and cryptocurrencies which was evident in his choice of words for it which included B*ll Sh*t and Crypto Cr*ap, He said,
I see nothing here except raw speculation. Where is the intrinsic value inherent in deploying real money and putting it in Bitcoin? The regulators don’t like it… Where is the long term value?
According to O’Leary, Bitcoin is a ‘game’. Moreover, he also criticized the Bitcoin halving mechanism which reduces the value of mining rewards by half every four years. However, his criticism seemed to be coming from ignorance towards the system and lack of knowledge about it. He continued to bash Bitcoin as a glorified game.
Bitcoin Halving Countdown (Source)
However, Pompliano who is popularly known as ‘Pomp‘, who made the phrase Long Bitcoin, Short the Bankers famous held his conviction towards Bitcoin. He revisited the value propositions of Bitcoin due to its demand and supply economic system to which O’Leary seemed oblivious nonetheless. Pomp said,
“It’s a disruptive technology… Money is a belief system. So the only reason why you, and I use it because we belive it has value… Look at the volume. Look at the number of people using it.”
Furthermore, Pompliano went on to challenge the favorite saying of naysayers of ‘how regulators hate Bitcoin’. According to him, the regulators are actually coming around on Bitcoin because of its unified public ledger and transparency, which makes it very easy for tracking the movement of funds.
“I have interviewed a DA agent who came on and they would love for criminals to use Bitcoin over US Dollar and cash. Its much more traceable.”
Also Read: Bitcoin Futures Volume On CME Crosses $1.2 Billion; Is US-China Trade War Driving BTC?
Last but not least, Pomp also reiterated the fact Bitcoin is a “Non-correlated asymmetrical asset” that is must in your investment portfolio, more so ever, because the bull market is back. The institutions like Fidelity and Bakkt are coming for it as well. However, Kevin continued to doubt Pomp’s optimism dubbing it as “Garbaage” and said that he would entirely abstain from making any investment in it.
Which side are you on, the Bankers or Bitcoin? Please share your views on the debate.
The post Bitcoin Intrinsic Value Debate: Anthony ‘Pomp’ Vs Shark Tank’s Kevin O’Leary appeared first on Coingape.
Source: CoinGape

XRP Price Up by 17%; German Exchange Releases Ripple [XRP] and Litecoin based ETNs

XRP gained 17% on a daily scale on 14th May 2019 as the price tested yearly highs above $0.3700 at $0.378.
Moreover, XRP was the only the altcoin currently trading in the green w.r.t. Bitcoin [BTC]. The price of XRP at 4: 20 Hours UTC on 14th May 2019 is 0.3702.
The majority of cryptocurrencies including Bitcoin [BTC] has gained more than 100% since the beginning of the year. However, XRP had been trading in the red since the beginning of the year. The price held the support and resistance level near $0.30-0.31 for quite some time before making a move upwards. The total market capitalization of XRP broke above $15 Billion as it continues to rank third in w.r.t. total MCap.
XRP/USD 1-Day Chart on Bitstamp (TradingView)
Borse Stuttguard Lists XRP and Litecoin ETN
Reportedly, Germany’s second largest exchange, Borse Stuttguard, listed two crypto-based ETNs or Exchange Traded Notes. The ETNs will enable the traders to bet on the price of LTC and XRP as the ETN is made available on the Exchange from 13th May. The Exchange can be made in Sweden Krona (SEK) and EUR.
Furthermore, Europe has been ahead of the rest of the world as earlier this year, SIX, the Swiss-based exchange also launched an XRP-based ETP.
The price of Litecoin [LTC] has been trading above 90$. However, it is on par with the rise on other altcoins at 6.02% on a daily scale.
The rise in the price of XRP can also be attributed to Bitcoin’s bull run and the lower trading price of XRP over the last couple of months. The trading in XRP had been in a small range of around $0.30 for quite some time.
Nevertheless, the price is now looking to gain positive momentum of Bitcoin. Moreover, the last alt-season was initiated by XRP. The room of growth in XRP in tremendous according to past highs.
You might also like: Ripple (XRP) Price Prediction: x3 ($1.0) by the end of 2019?
Do you think that XRP will continue the bullish momentum or the rise is momentary? Please share your views with us. 
The post XRP Price Up by 17%; German Exchange Releases Ripple [XRP] and Litecoin based ETNs appeared first on Coingape.
Source: CoinGape

Crypto-Market Top 5 Weekly Performers: Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Monero

Cryptocurrency gains this year have again out-performed gains from traditional assets like oil, equity, and gold. Moreover, the weekly gains during the last of a couple of weeks have been more than impressive; reviving memories of the 2011 and 2017 parabolic moves in Bitcoin. Nevertheless, Bitcoin and cryptocurrencies have become more sophisticated investment assets since then.
The market gains are primarily governed by the price of Bitcoin [BTC]. Nevertheless, the altcoins have been testing their support levels for long and an anticipation of an alt-season finally came to yield as most cryptocurrencies posted double-digit gains at the end of the week.
Bitcoin [BTC]
The gains on Bitcoin are usually spread larger than altcoins. Moreover, there are a plethora of altcoins, which can be manipulated far more easier and is affected far more greater than Bitcoin on a weekly scale.
Nevertheless, during the second week of May, Bitcoin was the best performing cryptocurrency during the week. The market dominance of Bitcoin near 60% and the total market capitalization of Bitcoin broke above $125 billion. Bitcoin has added more than $25 billion during the week to its total MCap.
BTC/USD 4-Hour Chart (TradingView)
Opening Price: $5717
Closing Price: $7182
The weekly gains: 25.62%
Weekly High/Low:  $7464/
Bitcoin Cash [BCH]:
The altcoin rise began late into the week as Bitcoin [BTC] crossed $7000. The rise in almost all top coins was almost vertical in the next few trading sessions. Bitcoin cash [BCH] crossed $350 level after the break-out towards the end of the week.
Moreover, it also outperformed Litecoin [LTC] to regain 4th position according to the total market capitalization of cryptocurrencies.
BCH/USD 4-Hour Chart on Coinbase (TradingView)
Opening Price: $290
Closing Price: $362
The weekly gains: 24.8%
Weekly High/Low: $387/$270
Litecoin [LTC]:
Litecoin [LTC] was testing the support and resistance in the $70-$78 range for over a week. The bull market momentum from Bitcoin [BTC] pushed Litecoin above this range to test yearly highs again.
LTC/USD 4-Hour Chart on Coinbase (TradingView)
Opening Price: $74
Closing Price: $90
The weekly gains: 21.1%
Weekly High/Low: $95/$70
Ethereum [ETH]:
Ethereum [ETH] reached a new year-to-date high at $207. The price of Ethereum also broke above the resistance and support near $165 it broke upwards. The total market capitalization of Ethereum also broke above $20 billion. The dominance of Ether is also consistent ner 10%.
ETH/USD 4-Hour Chart on Coinbase (TradingView)
Opening Price: $161
Closing Price: $194
The weekly gains: 20.4%
Weekly High/Low: $207/$157
Monero [XMR]:
Monero [XMR], the most popular privacy-focused cryptocurrency also gained a considerable amount after the altcoins break-out began. This is can partly be attributed to the recent attacks on Zcash’s economic system.
XMR/USD 4-Hour Chart on Coinbase (TradingView)
Opening Price: $66
Closing Price: $78
The weekly gains: 18.18%
Weekly High/Low: $63.68
One other cryptocurrency which gained around 20% as well included Bitcoin SV [BSV]. The price of BSV at press time is $63.43.
While most of the cryptocurrencies were in the green, Binance [BNB] Coin and Cosmos [ATOM] recorded negative gains at 6.6% and 24% respectively.
*The percentage dominance of cryptocurrencies w.r.t. to the total market capitalization of the market at $0.5 billion is 0.23%. Hence, for Analysis purpose we will only consider cryptocurrencies with a total market capitalization $0.5 billion or more. For future analysis, we’ll try to maintain 0.25% as a standard for the calculation.
**The data is taken at around 5: 00 Hours UTC on 12th May 2019. 
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Source: CoinGape

QTUM Partners with Google Cloud To Allow Development of Dapps and Staking

QTUM has established a partnership with Google Cloud to further release its open-source client for staking and developing on the cloud itself. A complete set of the free-to-use tool will provide for the development of smart contracts and Decentralized Application (Dapps). It will also increase the ease of access for non-technical users in issuing and also staking/forging Tokens.
Qtum has launched a full scale of tools which is free of cost. Earlier, the developers and stakeholders had to set up the tools and nodes separately. However, an automatically updated open-source, a free suite of tools are made available on the Google Cloud. Qtum aims to bridge the gap between real-world applications and communities of like Bitcoin and Ethereum alike.
Miguel Palencia, Qtum CIO noted that:
“Qtum’s new developer suite introduces helpful shortcuts and tools to make it faster and easier. With a more accessible technology, we hope to open up and expand the Qtum community to include people with a broader range of experience — from experts to the everyday user.”
The Qtum developer toolkit includes Qtum Core, a Solidity Compiler, Qmix IDE, Solar (smart contracts deployment tool), Qt-dev libraries, and all other necessary libraries and tools to develop dApps.
Price Change
The price of QTUM at 14: 45 Hours UTC on 2nd May 2019 is $2.60. It is trading 8.6% higher on a daily scale. Nevertheless, QTUM has corrected almost 97.5% from its All-Time High of $106.88 reached in the bull run of December 2017.
QTUM/USD 1-Day Chart on Kraken (TradingView)
Google cloud also has extended support for the high-demand public dataset which includes cryptocurrencies: Dash, Bitcoin Cash (BCH), Dogecoin, Zcash (ZEC) and Litecoin (LTC) as well. It provides the statistic and data for analyzing the projects without any hindrance.
Do you think QTUM will reach its past glory days again or it was fueled only by speculation? Please share your views with us.
The post QTUM Partners with Google Cloud To Allow Development of Dapps and Staking appeared first on Coingape.
Source: CoinGape

Litecoin [LTC] and Bitcoin Cash [BCH]: The Unstoppable Crypto Duo

Bitcoin initiated the bull run in the cryptocurrency markets on 2nd April 2019. However, Litecoin [LTC] and Bitcoin Cash [BCH] have taken center stage only on the second day of the bull run.
Bitcoin Cash Gains 92% in 2-Days
On the 4-Hour Chart, Bitcoin Cash [BCH] has registered nine green candles out of ten successive four-hour trading sessions. The price of Bitcoin Cash [BCH] at 18: 00 Hours UTC on 3rd March 2019 is $326.28. It is trading 55.5% higher on a daily scale.
Bitcoin Cash [BCH] completed a 92% rise in two days. The price of Bitcoin Cash [BCH] on April 1, 2019, was trading around $167.
The RSI index on the 1D chart was 91 suggesting a correction in the short term. However, a weekly chart the RSI was 55, neither in the over-bought not in the over-sold region. The price also moved above the 200-Day Moving average on the daily scale suggesting that bullish momentum might continue.
BCH/USD 4-Hour Chart on Bittrex
Litecoin Completes 50% Rise
On the 4-Hour Chart, Litecoin has registered nine green candles out of ten successive four-hour trading sessions. The price of Litecoin [LTC] at 18: 00 Hours UTC on 3rd March 2019 is $93.01. It is trading 31.1% higher on a daily scale.
Litecoin [LTC] completes 50% rise in two days. The price of Litecoin [LTC] on April 1, 2019, was trading around $60. Litecoin nears $100 valuation for the first time in 2019.
The RSI on the daily scale was 87, which entered the over-bought region. Moreover, the RSI on the weekly level – 76 has also entered the over-bought territory. However, a move the 200-Day Moving average might pursue the bull run further.
LTC/USD 4-Hour Chart on Bittrex
As cryptocurrency and Blockchain continues to gain mainstream attention, BCH and LTC have evolved as the most reliable and feasible cryptocurrencies as a mode of payment. The transaction cost of sending LTC and BCH transactions are negligible, and both of them can support large volumes of transactions.
Do you think Litecoin [LTC] and Bitcoin Cash [BCH] will continue the momentum of the sudden bull run or corrections are in order? Please share your analysis with us. 
The post Litecoin [LTC] and Bitcoin Cash [BCH]: The Unstoppable Crypto Duo appeared first on Coingape.
Source: CoinGape

Bitcoin Cash [BCH] Rise by $100 As Bitcoin [BTC] Bull Run Continues

Cryptocurrency market has added about $30 billion in two days. The total market capitalization of the cryptocurrency markets crossed the $175 billion mark for the first time since November 2019.
The rise on altcoins early this morning brought the dominance of Bitcoin back to 50.8%. The increase in both Bitcoin and the altcoins was about $15 billion. While no fundamentals were backing the news driving Bitcoin or the altcoins, the traders have been optimistic about cryptocurrencies even during the bear markets. The percentage of ‘hodlers’ has also increased considerably.
The price of Bitcoin continues to rise above the spike initiated yesterday. The price of Bitcoin at 4: 00 hours UTC on 3rd April 2019 is trading at $5032 on Bitfinex. For BTC, $5100 is acting as the new resistance as it tries to break towards $6000. Bitcoin also closed above the 200-Day Moving Average on the daily scale, turning bullish on the 1-Day chart.
The altcoin markets which were awaiting a go-signal from Bitcoin (BTC) have shown a significant increase in the past 24 hours.
Bitcoin Cash Breaks Several Resistances
However, the rise in Bitcoin Cash (BCH) was most stupendous as it gained by more than $100 in a day. The price of Bitcoin Cash (BCH) at 4: 00 hours UTC on April 3, 2019, is $246. The 24-hour high on BCH is $291.9. The spike in price began from $169.
A crossover of the 50-Day Moving average with the 100-Day Moving average was observed on the daily BCH/USD chart; coincidentally it was timed perfectly with the Bitcoin bull run.
The price is trading above the moving averages. However, the RSI (Relative Strength Index) is pushing above 86. Nevertheless, the RSI on the weekly chart in 45, neither in the over-bought nor in the over-sold region.
BCH/USD 1-D chart on Bittrex (50,100-day Moving Average, Volume and RSI feed)
The All-Time High of Bitcoin Cash (BCH) in December 2017 is $4091. Hence, there are many more resistance lines to be breached before the glory of the bull run can be seen. The next significant resistance for BCH is around $410.
The post Bitcoin Cash [BCH] Rise by $100 As Bitcoin [BTC] Bull Run Continues appeared first on Coingape.
Source: CoinGape

Price Alert: Bitcoin breaks $4100, BAT rises by 30%; Has the Bull Run Begun?

Bitcoin breaks the $4100 mark at around 13: 00 hours on 29th March after skirting along $4000 for almost two weeks. Bitcoin Futures Price also increased to $4080, up 70 points on the daily scale.  This is the second this year when Bitcoin (BTC) has attempted to break above the $4100 mark towards $4450. The stop loss for the buy order should be around $3850.
BTC/USD chart on coinmarketcap.com
BAT Surprise 30% Gain
The price of Basic Attention Token (BAT) at around 10: 00 Hours on 29th March was trading $0.295, 28.3% higher on the daily scale.
On the BAT/BTC scale, a rise of 20% was observed from 0.00006316 BTC to 0.00007604 BTC in a span of 4 hours on 29th March. A Bullish Murubuzo at around 12: 00 hours UTC recorded a daily gain of 30% at the moment.
BAT/BTC 4-Hour chart (Tradingview.com)
Tezos also continued it’s unprecedented rise trading 20% higher on the weekly scale. The price of Tezos (XTZ) at 13: 00 hours on 29th March is trading at $0.8667. The rise on Tezos (XTZ) can be attributed to the addition of Tezos (XTZ) on Coinbase Custody platform.
Ethereum (ETH), XRP, EOS, Litecoin (LTC), Bitcoin Cash, Stellar and Tron traders have all taken a step back as there is no movement recorded more than 1% in the top 10 altcoins. Bitcoin’s dominance over the cryptocurrency markets is still higher than 50%. It also sets the benchmark for market sentiments as it is the first and most widely distributed cryptocurrency in the world.
The total market capitalization of the cryptocurrency market at 13: 00 hours on 29th March 2019 was around $143.47 billion.
The post Price Alert: Bitcoin breaks $4100, BAT rises by 30%; Has the Bull Run Begun? appeared first on Coingape.
Source: CoinGape