Crypto xBit

Friday, December 13, 2019

Crypto Bollinger Band Squeeze Will Take Next Big Step

Technical indicators are reaching a stage where another important step in Crypto markets is imminent. After several weeks of consolidation, this is usually the case that leaves us with a big question; Up or down?

Bitcoin still In Sleep

Recently there has been very little in the BTC markets. Digital assets decreased 6% on Thursday to $7,100 due to a slowdown of a full week.

Since then, it has been moving at a very slow pace at $7,250 where Bitcoin currently trades on its lower three-week side channel.

Ethereum Is at Multi-Year Lows; Signal Massive Movement Imminent

Ethereum and aggregate crypto markets have been caught in a strong downtrend since early November, and face ETH and other cryptocurrencies as a result of the decrease in trading volume, a continuous side trading period that investors and traders have been the same for

This lack of volatility has particularly affected Ethereum, which is currently seeing the lowest volatility level of 60 days seen since 2016. Which may indicate that a massive movement is imminent.

Ethereum enters the adjusted trading range as the volume Dives

At the time of writing, Ethereum is trading just below 1% at its current price of $144.55. Indicating a slight drop from its daily high of more than $146.

Since last week, ETH has been in the middle of the $140 zone. Finding strong support at around $140 and strong resistance at $150.

Bitcoin Maybe at Critical Junction; What do Analysts Say Here

Analysts began to widely anticipate Bitcoin due to increased volatility after a recent pace of up to $7,500, which followed by a full rebound. Despite these expectations, BTC remains stuck within the $7,200 zone as it struggles to reach momentum.

Analysts now point out that the cryptocurrency may currently be at a critical junction that will determine the direction in the coming weeks and months in which BTC appears to be trapped within a narrow commercial channel.

Bitcoin caught in the ascending channel as analysts move towards the next big move

At the time of writing, Bitcoin is trading at just under 1% at its current price of $7,275, which expands to the side trade that it had been experiencing during the past week.

Ethereum Based DeFi is Estimated to Tap $5 Billion in 2020

The future of finance is evolving and DeFi based on Ethereum is at the forefront. This year has seen explosive growth in decentralized finance, despite the performance of the recession’s crypto assets. 2020 is ready to grow even more with the upcoming DeFi projections.

2020 may be too big for DeFi

Decentralized finances have literally exploded this year. It provides a unique way to earn interest on digital assets without deducting the intermediary. With the current traditional banking system on the verge of collapse and interest rates entering negative territory, savers are being punished on a large scale.

Tezos Comes in Top Ten Crypto as Fundamentals Improve

It has been another largely fruitless day for most crypto assets, but one is proceeding independently. Tezos has just reached the top ten as the fundamentals of this altcoin continue to improve.

All changes in crypto top ten

Tezos has caught fire again today and is in the top ten with an increase of 18%. From an intraday low of around $ 1.55, the XTZ increased further to exit at $ 1.83 a few hours before a brief setback.

According to CoinMarkCap, the daily volume has increased from $ 70 million to $ 117 million and again Binance and OKEx are taking most of the trade. The measure allowed Texas to change Stellar for the top ten position, as its market capitalization reached $ 1.2 billion.

Bitcoin Gets Rejection Again, But Here’s Why the Bull Case Stay Strong

Bitcoin has fallen into a recessive pattern of major exclusion movements that come after the almost immediate rejection. Overcoming the large wicks on the BTC candlestick chart and generally causing problems in the direction of what will be in the short term. Management trends.

Yesterday, Bitcoin further exacerbated this pattern, as it was a fleeting rebound on popular trading platforms like Bitmax to a maximum of around $7,500, with the move almost to the starting point.

Despite this recessive movement, analysts believe that the case of the bull cannot yet be eliminated. Since a historically precise technical factor indicates that Bitcoin will soon see much-needed stability.

Thursday, December 12, 2019

Ethereum Price Hits 9 Month Low as DeFi Markets Growing

It has been another miserable week for Ethereum as prices continue to erode. New sales have stalled the second largest crypto asset in the world in a minimum of nine months today. Decentralized Finance (DeFi) markets are in an opposite trend with continued growth in the sector.

Ethereum Hits $140

Ethereum is still in a two-year bear market and has made little effort to overcome itself despite the solid fundamentals. Its market capitalization has been reduced by $15 billion. Much more than the $100 billion invested in tokens in early 2018.

A 4% dump on the day has seen ETH prices drop to $140 a few hours earlier. In addition to a brief fall on November 25, the asset has not weakened since the end of March nine months ago.

Ethereum May Guides Other Altcoins, Claims Analyst

Ethereum has had a turbulent week, with most vendors in favor of its recent price action as crypto faced a constant flow of pressure in the coming years after the recent visit of more than $150 of ETH last week.

While all eyes are closely watching Bitcoin’s short-term price action, it is important to keep in mind that an analyst believes that where Ethereum is heading in the next few days is an important guide for other major Altcoins, regardless of BTC can provide.

Ethereum Stuck in a Short-Term Downtrend

At the time of writing, Ethereum is trading only 2% below its current price of $143, indicating a marked drop from its weekly high of $153 that was set a few days earlier.

China Continue to Keep Global Bitcoin Mining Leadership, But How Long?

New research shows that China’s dominance in the total Bitcoin hash rate is constantly increasing. Currently, the nation owns approximately 66% of all the computing power currently supported by the Bitcoin network.

China has historically been a leader in global Bitcoin mining. However, with the large online mining operations in the US. And Russia in 2020, this time the industry may look quite different next year.

Ripple Distribution Nearly Finished, XRP MarkDown Could Follow Soon

The cryptocurrency known as XRP, also known as Ripple. It has been the worst performing crypto asset throughout the year of 2019.

While many crypto investors expect a massive oversold asset that has long since been finally invested and returned to the previous high prices. An encryption analyst believes Ripple’s distribution is almost complete and a reduction phase will soon follow. Such an event would take the price of cryptocurrency even further, to levels not seen since the beginning of 2017.

Tuesday, December 10, 2019

Cryptocurrency is Causing Disputation as Community Calls it a Scam

Cryptocurrency traders and investors are constantly looking for the next big thing. One thing learned from the 2017 bomb is that FOMO can spread like a forest fire and a cryptographic property can grow virtually without cause. HEX is attracting a lot of attention right now, but it may not be all it seems.

Cryptocurrency Community Vexed by HEX

The project describes itself as a blockchain certificate of deposit (CD), similar to the term deposit interest service traditionally offered by banks. Richard Hart, the founder of the vocal project has been extremely vocal lately. The scenario has generated many criticisms and controversies.

It is described as a great pyramid scheme with questionable morals. Essentially, token holders will be able to bet them again to obtain potentially huge returns in terms of interest. Depending on how much the total supply is.

Ethereum Maybe Below 90% But ICO Investors are Up Over 400x

The market limit, the price of the second largest cryptocurrency Ethereum is perhaps 90% lower than its historical maximum price of more than $1,400. But ICO investors still exceed 400 times their initial investment.

Could you suggest that Ethereum has a much higher place to fall, even though most of its 2017 bull profits are already fading?

Ethereum investors Still Up Over 400x On Initial Investment

Ethereum today dominates the cryptocurrency market with bitcoin and ripple. The big investment is the first investment option for those who consider exploring the world of crypto assets.

Bitcoin Price: Bear Penon Aim $4,600, Has Breakdown Started?

There has been a steady decline in the price of Bitcoin in recent months, bringing the price of the cryptocurrency to almost 50% of the year’s maximum of $14,000.

After the last sustained decline, Bitcoin now begins to appear as a tolerable chart pennon, suggesting that there is still another decrease, and the price of the leading cryptocurrency by market capitalization could be as low as $ 4,600 to come.

What is Libra coin? Things to know about Facebook’s upcoming coin Libra.

Recently Facebook made headlines when they announced their plans about Calibra. It is a new subsidiary of Facebook that focuses on financial services. Their goal will revolve around utilization of a new digital currency, powered by blockchain, called Libra. Calibra will first introduce a digital wallet and is expect to release in 2020. This announcement has received mixed reactions from both crypto and mainstream media.

Despite the split opinions, there seems to be a general agreement that Facebook can very well pave the way to the global adoption of blockchain technology. The reason behind general agreement is that it has more than 30% of entire world’s population or say 2.38 billion people as its users.

Altcoin go nowhere-Bitcoin consolidates gains

Bitcoin is hovering around $10,400 with a shortpessimistic bias
Cosmos (ATOM) is that the best-performing altcoin with twenty third of gains.
The cryptocurrency market scenario has barely modified in recent twenty four hours. Bitcoin and therefore the majority of altcoins out of top-20 managed to recover throughout late Th hours; but, no major breakthroughs happened. the fullmarket capitalisation stays edged towards to $264 billion, a mean daily mercantilism volume softened to $49 billion, whereas Bitcoin’s market dominance increased to $70.3%.
Read more...