Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Tron: Price Analysis, June 29
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Back in January of this year, the total market capitalization of all cryptocurrencies reached above $832 billion. At press time, the total market capitalization has plunged to a mere $234 billion, showing the degree of carnage this space has suffered. Such a fall can scare away even the most patient investor, but big …
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRX: Price Analysis, June 27
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The news of Facebook relaxing its ban on cryptocurrency advertisements has failed to cheer the crypto markets. This shows that the market participants continue to focus on the negative news while disregarding the positive news. A study by the research firm Ipsos, conducted for ING Bank B.V found that only 9 percent of …
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Tron: Price Analysis, June 25
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. At the beginning of the year, the total crypto market capitalization had risen above $825 billion, and many expected it to reach trillion dollars during the year. But at press time, June 25, the market capitalization is $236 billion. It is no surprise that interest to cryptocurrencies has decreased. The current investors are …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. In the world of investing, fundamentals and a price of an asset class rarely move in tandem. Usually, one leads the other. In 2017, the prices of cryptocurrencies skyrocketed, but the fundamentals were left lagging behind. That resulted in a sharp correction. While most digital currencies are down more than 50 percent from …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Bitcoin’s rolling 30-day annualized volatility has declined to about 61 percent from the highs of over 150 percent in 2017. The Blue Line Futures president believes that this is a sign that selling has exhausted, and cryptocurrencies are in a bottoming process. We have also held a similar view for the past few …
The automotive industry is regarded as one of the more cutting edge sectors that often leads the way for new technologies such as artificial intelligence and autonomous systems. Blockchain is being seen as one such technology, and it is unsurprising that the industry is immersing itself in this new space. Car manufacturers have been quietly picking up on the blockchain phenomenon, trying to figure out different ways in which they can utilize the immutable ledger to their different needs. For example, on June 11, IOTA and Volkswagen demonstrated a proof-of-concept that uses IOTA’s Tangle system for autonomous cars. This is …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Every bear market tests the patience of the investors. The ones who stick around reap the maximum benefits when the new bull market starts. Most retail investors are easily influenced by the wild forecasts and end up buying near the peaks and selling close to the bottoms. Some people that tend to predict …
Top Stories This Week Fundstrat’s Tom Lee Points To Bitcoin Futures As Reason For Price Declines Tom Lee released a report this week that posited that the reason for the falling price of Bitcoin can be linked to the expiration of Bitcoin futures contracts. According to Lee, Bitcoin’s price usually drops around 10 days before the expiration of the futures contract, but then rises again about 6 days after it expires. German Government Doesn’t Think Bitcoin Threatens Financial Stability Officials from Germany’s federal government do not believe that Bitcoin poses a threat to the existing financial structure, as the volume …
June 13: all of the top ten coins by market cap have fallen by between 9 and 14 percent over the 24-hour period, as Coinmarketcap data shows. Market visualization from Coin360 Bitcoin (BTC) has taken an over 11 percent negative hit, trading around $6,449 to press time, bringing its monthly losses to almost 25 percent. The leading cryptocurrency has now fallen below what some commentators consider to be an average BTC mining profitability threshold of $6,500. Robert Kelly told CNBC earlier today that this figure assumes that Bitcoin miners need to update their hardware almost every 18 months, bringing the …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The crypto markets tumbled on Sunday following the news of hacking of a small South Korean exchange, Coinrail, according to top tier media. The reaction to the news seems to be a little exaggerated because the 24-hour volume traded at Coinrail is only about $2.65 million. While the hackers stole about $40 million …
IOTA and Volkswagen are demonstrating a Proof-of-Concept (PoC) that uses IOTA’s Tangle system for autonomous cars at the Cebit ‘18 Expo in Germany today, June 11th. The PoC enables Volkswagen to use IOTA’s Tangle architecture to transfer software updates “over-the-air” as part of the car manufacturer’s new “Connected Car” systems. Tangle is different than blockchain, in that it does not use “blocks” or mining, but rather is built upon a directed acyclic graph (DAG), a topologically ordered system in which different types of transactions run on different chains in the network simultaneously. According to the PoC press release, Volkswagen’s vision …
Sunday, June 10: crypto markets have seen a sharp drop today, in the wake of the news that the US Commodity Futures Trading Commission (CFTC) has launched a probe into four major crypto exchanges. All of the top-100 cryptocurrencies by market capitalization are in the red over the 24 hours to press time, while total market capitalization is down by about $20 bln over the same period, according to Coinmarketcap. Market visualization from Coin360 Bitcoin (BTC) has lost just shy of 5 percent of its value in the past 24 hours, currently trading at $7,244. The majority of the decline …