Bitcoin (BTC) Validation as Jamie Dimon’s Sentiment Shift

Bitcoin prices ranging with clear supports at $3,400-500 zone JP Morgan and Chase rolls out a stable coin, JPM Transactional volumes average 10k, not enough to trigger buyers into action With the release of a banker’s stable coin, JPM Coin, crypto is technically valid. As such, we expect more bankers to follow suit endorsing the tech. That may help resuscitate Bitcoin (BTC) prices and lift them above $3,800 complete with high market participation. Bitcoin (BTC) Price Analysis Fundamentals Eventually, everybody does go down the endless rabbit hole call crypto. Many…

Bitcoin Price Watch: BTC Buyers Eye Next Crucial Bullish Break

Bitcoin price dived with bearish moves and retested the key $3,540 support area against the US Dollar. There is a crucial declining channel in place with resistance at $3,585 on the hourly chart of the BTC/USD pair (data feed from Kraken). A break above the channel resistance and $3,600 could spark more upsides in the near term. On the downside, the main supports for buyers are near $3,540 and $3,500. Bitcoin price is consolidating above key supports against the US Dollar. BTC buyers are eyeing the next bullish break above…

NASDAQ to Add Liquid Indices Tracking Value of BTC and ETH

NASDAQ is planning to add new, third-party liquid indices, specifically tied to the value of bitcoin and ether. Details were released on affiliate site nasdaqtrader.com, a domain name owned by The Nasdaq, Inc. The site claims that the two indices “are each designed to provide a real-time spot or reference rate for the price of 1 BTC and 1 ETH respectively, quoted in USD.” To determine the most accurate possible value for these indices, the relative value of the BTC index “has been calculated back to 2010” and ETH to…

The Lightning Pump, Bitcoin Adoption Inevitable as BTC Prices Inch Higher

Bitcoin prices are technically bullish, must close above $3,800 Lightning Network picking up, Domino’s Pizza now accepts Bitcoin via LN Participation levels have been shrinking, volumes behind a bull confirming bar must exceed 35k From the look of things, Bitcoin adoption will be fast-tracked by the Lightning Network. Elizabeth Stark’s project recently got a boost. At this rate, it appears as if it’s a matter of when before BTC prices rally to $6,000. Fundamentals It’s the month of love, and it seems like merchants are in love with the Lightning…

Bitcoin Price Watch: BTC Set For Further Gains, Downsides Limited

Bitcoin price stayed above the key $3,560 support area, with range moves against the US Dollar. This’s week’s followed bearish trend line is intact with resistance at $3,590 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could gain bullish momentum if there is a proper close above $3,590 and $3,600. Bitcoin price is trading nicely in a bullish zone above $3,560 against the US Dollar. BTC is likely to accelerate gains above $3,600 as long as the price stays above the $3,540 support. Bitcoin…

First Quadriga Monitor Report: $460k in BTC “Inadvertently” Sent to Cold Wallet

According to the latest court documents in the ongoing QuadrigaCX case, the exchange sent roughly $470,000 CAD (approximately $355, 000 USD) worth of bitcoin from a hot wallet to a cold-storage wallet on February 6, 2019. Ernst & Young’s first report as monitor of scrutinized Canadian bitcoin exchange QuadrigaCX (QCX) complicates the story the exchange has given for its lack of access to company funds following the death of its founder and CEO, Gerald Cotten. The court document states, “On February 6, 2019, Quadriga inadvertently transferred 103 bitcoins valued at…

Bitcoin (BTC) Could “Die” If Block Size Is Reduced From 1MB To 300KB

Bitcoin prices bullish and ranging Proposal to slash block size to 300kb resuscitated Transactional volumes low but likely to expand as BTC demand pick up Luke J is putting forth a bid to reduce block size from 1MB to 300kb. Without a doubt this will affect BTC prices should it make it as a BIP or as a pull request. Meanwhile, BTC prices are consolidating and could print higher if they race past $3,800. Bitcoin Price Analysis Fundamentals There is another twist to the Bitcoin Block size debate. A Bitcoin…

Bitcoin Price Watch: BTC Could Accelerate Gains Above $3,650

Bitcoin price is holding the key support near the $3,580 zone against the US Dollar. Yesterday’s contracting triangle is in place with resistance near $3,610 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely preparing for the next bullish break above $3,610, $3,620 and $3,650. Bitcoin price is setting up for the next crucial break against the US Dollar. BTC could gain bullish momentum if it clears the $3,620 and $3,650 resistance levels in the near term. Bitcoin Price Analysis Recently, we saw…

QuadrigaCX Accidentally Transferred $500K in BTC to Cold Wallets It Cannot Access

Major Canadian crypto exchange QuadrigaCX accidentally transferred nearly $500,000 in Bitcoin (BTC) to its cold wallets earlier this month, according to a report published by Ernst & Young on Feb. 12. The founder of QuadrigaCX, 30-year-old Gerald Cotten, died in December 2018. The exchange has been unable to access its cold wallets since, as Cotten was solely responsible for the wallets and corresponding keys. The vast majority of Quadriga’s assets were reportedly lost in the missing cold wallets. In the beginning of February, it was reported that Quadriga is missing…

Bitmain S15 Firmware “Very Buggy”, Will This Claim Affect BTC Prices?

Bitcoin prices bullish, road to $3,800 A Twitter user picks out a Bitmain S15 vulnerability Transactional volumes low, expansion above 35 k ideal Although Bitmain is a central player in the ASIC mining sphere, their latest firmware S15 has a weakness, a Twitter user has revealed. Luckily, BTC prices are steady, and with a combination of favorable candlestick arrangements and fundamentals, Bitcoin may end up trending above $3,800. Bitcoin Price Analysis Fundamentals A Twitter user claims to have identified a possible vulnerability in Bitmain’s S15 firmware. However, he has his…