Bitcoin Price Watch: BTC/USD Accelerating Gains Toward $6,700

Key Points Bitcoin price traded further higher and broke the $6,515 resistance area against the US Dollar. There was a break above a key contracting triangle with resistance at $6,440 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to accelerate gains above the $6,550 and $6,600 levels in the near term. Bitcoin price is placed nicely above the $6,480 support against the US Dollar. BTC/USD is likely to grind higher towards the $6,700 level in the near term. Bitcoin Price Analysis Yesterday,…

Early Stages of a Mega Rally

It’s back to profitability for most altcoins as they register double digit gains. Leading the pack is XLM/USD and ADA/USD trading above important resistance levels. We expect most altcoins to keep expanding throughout this week as they reverse 2018 losses as price action form the foundation of a mega-rally. Let’s have a look at these charts: EOS/USD Price Analysis At the back of strong gains, EOS/USD is up four percent in the last day and 12 percent in the last week. The result is clear and most importantly prices are…

After 55 cents, XRP/USD Bulls Now Aim $1.65

With shifting sentiment and new-found bull momentum, XRP/USD is rising. It’s up 20 percent in the last week and trading above 55 cents meaning following yesterday’s spike in market participation. Because our trade conditions are now live, we suggest traders to buy at spot in line with week ending Sep 23 bull trend. Latest Ripple News It’s that time of the year to fill your crypto bags. Double digit gains and rumors of SWIFT integration was enough to temporarily propel XRP market cap above that of Ethereum. But the writing…

eToro Launches Bespoke Cryptocurrency Wallet for Bitcoin and Three Altcoins

Global cryptocurrency and fiat trading platform eToro announced the release of its own cryptocurrency wallet today, Nov. 6, with initial support for four cryptoassets. EToro, which last month became the first platform to offer fiat trading of cryptocurrency exchange Binance’s in-house token Binance Coin (BNB), promises to add additional functionality to the product following the initial release. “The eToro wallet today is just the beginning and we will adding a whole host of additional functionality which will include supporting additional crypto and fiat tokens, crypto to crypto conversion, the ability…

Bitcoin Cash Price Analysis: BCH/USD Extending Gains Above $600

Key Points Bitcoin cash price rallied above the key $600 resistance against the US Dollar. There is a major bullish trend line formed with support at $580 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may correct lower, but dips towards the $580 zone remain supported in the near term. Bitcoin cash price is placed heavily in an uptrend above $550 against the US Dollar. BCH/USD traded as high as $629 before it started a downside correction. Bitcoin Cash Price Analysis Yesterday, we discussed…

Ripple Price Analysis: XRP/USD Approaching Buy Region Near $0.5250

Key Highlights Ripple price extended gains towards $0.5620 before started a downside correction against the US dollar. There are two bullish trend lines in place with support at $0.5320 and $0.5200 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting lower, but dips remain supported near the $0.5200 zone. Ripple price is placed nicely in an uptrend against the US Dollar and Bitcoin. XRP/USD may find buyers once again near $0.5200 for a fresh upward move. Ripple Price Analysis After a minor…

Coinbase Offers $5k Egg-Freezing Benefit in Bid to Retain Talent

Silicon Valley cryptocurrency unicorn Coinbase has taken an unusual and expensive step to recruit and retain diverse employees. Since the summer, Coinbase has quietly offered to cover up to $5,000 a year for treatments like egg-freezing through the fertility benefits startup Carrot. This employee perk, which helps women conceive children later in life, is provided in addition to Coinbase’s health insurance options. One Coinbase employee, who preferred to stay anonymous, told CoinDesk: “It’s definitely a luxury, which is why I feel fortunate that Coinbase and Carrot help make family planning more simple…

Ethereum Price Analysis: ETH/USD Breaks Key Resistance, $230 Next?

Key Highlights ETH price traded higher and broke the $215 and $220 resistance levels against the US Dollar. Yesterday’s highlighted key breakout pattern was breached with resistance at $208 on the hourly chart of ETH/USD (data feed via Kraken). The pair traded towards the $223 level and it remains well supported on dips near $216. Ethereum price is climbing higher against the US Dollar and bitcoin. ETH/USD broke the important $215 resistance to move further into a bullish zone. Ethereum Price Analysis Recently, there was a minor downside correction from…

Crypto Market Surges in Daily Volume to $13 Billion, Renewed Optimism

Twitter Facebook LinkedIn Over the past three days, the volume of major cryptocurrencies and the rest of the crypto market has increased substantially, from around $10 billion to $13 billion. Bitcoin, in particular, has seen a large increase in volume from $3.1 billion to $4.3 billion within a week, by more than 40 percent. Led by the positive price movement of Bitcoin and its noticeable increase in volume, the value of other major cryptocurrencies like Stellar (XLM), Cardano (ADA), and Tron (TRX) has increased by the range of 3 to…