Markets Update: BTC Prices Dip Below $10K

Markets Update: BTC Prices Dip Below $10KBTC prices and a vast majority of other cryptocurrencies have taken a significant dive over the past 24-hours as the entire crypto-economy shaved $75Bn from its recent highs this week. BTC/USD markets dropped to a low of $9,730. Also Read: China Censors Cryptocurrency Ads on Search Engines and Social Media Crypto-Markets See Losses Between 3-20 Percent […]

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Bitcoin Cash Price Technical Analysis – BCH/USD Correcting Higher

Key Points Bitcoin cash price declined further and traded towards the $1,250 support against the US Dollar. There is a new bearish trend line forming with resistance at $1,320 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is currently correcting higher, but it could face sellers near the $1,320 and $1,350 … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Correcting Higher

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Bitcoin Cash Price Technical Analysis – BCH/USD Breaks Down

Key Points Bitcoin cash price declined sharply and broke a major support area near $1,450 against the US Dollar. There was a break below two bullish trend lines at $1,505 and $1,450 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair traded as low as $1,312 and it is currently correcting higher. … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Breaks Down

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SegWit Finally Embraced by Coinbase and Bitfinex, Bright Future Ahead

Today, Coinbase — cryptocurrency exchange, brokerage, wallet, and operator of GDAX — and Hong Kong-based exchange Bitfinex have announced the implementation of P2SH Segregated Witness (SegWit). As per the companies’ tweets, users will experience improved transaction processing times and lower fees across the Bitcoin network. Our engineering team has finished testing of SegWit for Bitcoin … Continue reading SegWit Finally Embraced by Coinbase and Bitfinex, Bright Future Ahead

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82.4 Million Tokens: Venezuela Officially Launches ‘Petro’ Cryptocurrency Pre-Sale

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The Venezuelan government has officially launched the pre-sale of its Petro (PTR) cryptocurrency. The Petro, as previously covered, is an Ethereum-based ERC-20 token that’s supposedly pegged to the country’s notable oil reserves. The cryptocurrency’s token, expected to be worth about $60, will be divisible into 100 million parts, with the smallest one being the “mene.”

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Can Default SegWit Support Make Bitcoin Price Rise Even Higher?

Bitcoin is undergoing some big changes as we speak. In the latest client update, SegWit becomes enabled by default. It is a big step forward to improving the scalability of this cryptocurrency ecosystem. Boosting SegWit Adoption Quite some time ago, the Bitcoin network was slated to receive a scaling update. Known as Segregated Witness, the … Continue reading Can Default SegWit Support Make Bitcoin Price Rise Even Higher?

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Bitcoin Cash Price Technical Analysis – BCH/USD To Make Next Move

Key Points Bitcoin cash price is trading above the $1,500 support and is preparing for the next move against the US Dollar. There is a short-term contracting triangle forming with resistance at $1,540 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is likely to break the triangle resistance at $1,540 and … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD To Make Next Move

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