Cardano Plans To Boost Liquidity As ADA Bears Strike

Cardano (ADA) down 17.7 percent week-to-date.  AlgoZ and Cardano partner for liquidity Charles Hoskinson’s Cardano is distinct because of their insistence on quality and research. Therefore, despite recent sell-off, their deal with AlgoZ could attract institutional backing. Meanwhile, ADA is down 17.7 percent week-to-date. Cardano Price Analysis Fundamentals That Cardano has potential as a top-tier digital asset and smart contracting platform is true. Boasting high trading volumes and managing to compete with the likes of Ethereum and Tron in the liquidity leaderboard, ADA is proving that it deserves to be…

Bitcoin Price (BTC) Testing Crucial Support: Can The Bulls Stage Recovery?

Bitcoin price declined sharply below the $12,000 support area against the US Dollar. The price traded close to the $11,000 support and it is currently consolidating losses. There is a key bearish trend line forming with resistance near $11,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could either recover above $11,400 or it might extend losses below the $11,000 support. Bitcoin price reached the key $11,000 support area against the US Dollar. BTC is currently consolidating and seems to be preparing for the…

Bitcoin And Crypto Market Remains Vulnerable: BCH, XLM, EOS, TRX Analysis

The total crypto market cap declined heavily and tested the $285.0B support area. Bitcoin price is under a lot of pressure and it recently tested the $11,000 support area. BCH price is down 5% today and it settled below the $350 support area. EOS price is currently correcting higher, but it may face hurdles near the $4.80 level. Stellar (XLM) price tumbled below the $0.0900 level and even tested the $0.0850 support. Tron (TRX) price extended losses by more than 8% and broke the $0.0300 support area. The crypto market…

Ripple Price (XRP) Could Underperform: Recovery Could Face Hurdles

Ripple price declined heavily below the $0.3800 and $0.3500 support levels against the US dollar. The price even traded close to the $0.3000 support level and it is currently correcting higher. There is a new breakout pattern forming with resistance near $0.3320 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could correct higher, but upsides are likely to remain capped near $0.3460. Ripple price is currently under a lot of pressure against the US Dollar and bitcoin. XRP price might recover towards the $0.3460…

Ethereum Price Consolidating Losses: ETH & BTC Could Correct Higher

ETH price declined heavily below the key $300 support area against the US Dollar. The price traded close to the $260 support level and it is currently consolidating losses. There is a short term bearish trend line forming with resistance near $274 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct higher in the near term, but it is likely to struggle near the $282 and $285 resistances. Ethereum price started consolidating losses after a sharp dip versus the US Dollar and bitcoin. ETH price…

Stellar Lumens (XLM) Down 50% Since IBM Parted Ways With Jesse Lund

Stellar Lumens (XLM) battered, slides 14.5 percent Even with IBM, bears are relentless Coinciding with Jesse Lund and CTO Yang exit, XLM prices are in a downtrend. Presently, XLM is at a precipice with traders aware that losses below 7 cents could see bears aim for new lows. Meanwhile, the coin is down 14.5 percent from last week’s close. Stellar Lumens Price Analysis Fundamentals Despite seamless communication, finance appears to be lagging. However, the introduction of a new layer, a web built on top of the internet is where future…

Bitcoin Sentiment in Venezuela Negative, BTC Post Double Digit Losses

Bitcoin (BTC) down 10.7 percent Venezuelans lambast Bitcoin Struggling against rampant sellers, Bitcoin is in a downtrend. In the last day, the coin is down 10.7 percent in 24 hours, but with criticism from Venezuela and Latin America, BTC could print lower in days ahead. Bitcoin Price Analysis Fundamentals Social media activity is a metric that gauges impact of a product through buzz and sentiment. Analysis can reveal some interesting facts about especially in digital assets like Bitcoin where hype plays a part. In other case, it reveals what people…

Is Bitcoin Down 15% Due to Fed Chair’s Criticism of Facebook’s Crypto? |

The bitcoin price rally this week hit a snag as the world’s most powerful banker publicized his views on the Facebook’s upcoming cryptocurrency project. The BTC/USD instrument plunged by up to 15.43 percent to settle a session low of $11,169.36 on San Francisco-based Coinbase exchange. The move downside took place after the Federal Reserve Chairman Jerome Powell expressed ‘serious concerns’ about Facebook’s cryptocurrency, Libra. The banker said the social media giant’s project raises issues regarding“privacy, money laundering, consumer protection, and financial stability.” “These are concerns that should be thoroughly and…

‘2017 Was a One-Off, We Were Clueless’

As crypto analysts pontificate that the so-called “altseaon” will soon arrive, bitcoin podcaster Peter McCormack has a simple message: Don’t hold your breath. The “What Bitcoin Did” host went on a Twitter rampage this week to advance the notion that bitcoin will obliterate the rest of the crypto market, leaving a trail of altcoin bagholders in its wake. The series of altcoin-hating tweets began with a shot at bitcoin’s top rival, ethereum. If you own more ETH than Bitcoin, you’re wrong. — Peter McCormack (@PeterMcCormack) July 9, 2019 It appears…

Warning! Bitcoin Could Spiral to $9,000 with Flailing Overheated Indicators

Bitcoin’s parabolic ascent looks unstoppable. Recently, every correction has been seen as an opportunity to buy heavily on dips. This week, the number one cryptocurrency is up by as much as 15 percent and it looks like bulls are gunning for the 2019 high of $13,868.44. The atmosphere is so bullish that CryptoTwitter is starting to feel euphoric. One cryptocurrency trader and investor that goes by the name Josh Rager shared an image of a majestic bull with a caption “$13k $BTC” to illustrate the strength of the uptrend. $13k…