Crypto Markets Trade Sideways After Recent Gains, Stock Market Sees Green

Wednesday, Feb. 20: following the recent wave of green, crypto markets are trading sideways today, with top 20 coins by market cap seeing mixed signals, according to CoinMarketCap. Market visualization from Coin360 After briefly touching the $4,000 threshold twice over the past 24 hours, Bitcoin (BTC) is slightly down at press time. Trading at $3,971, the largest cryptocurrency has lost just 0.44 percent over the day, but still is 9.3 percent up over the past 7 days, according to CoinMarketCap. Bitcoin 24-hour price chart. Source: CoinMarketCap Ethereum (ETH), the second…

Dow, Bitcoin Wobble While Trump Gives Ridiculous Stock Market Analysis

Neither the Dow nor the bitcoin price made a strong move ahead of Wednesday’s opening bell, though US President Donald Trump’s bombastic stock market commentary provided more than enough entertainment for investors on Wall Street and Main Street alike. Dow Quiet as Stock Market Enters Mid-week Session Shortly before the market open, Dow Jones Industrial Average Futures had declined by 24 points or 0.09 percent, implying a fair value loss of 25.32 points. S&P 500 futures declined 0.04 percent, while Nasdaq futures rose 0.11 percent in pre-bell trading. Futures tracking…

Ex-Goldman Sachs Engineers Raise $3 Million to Combat Crypto Market Manipulation

Solidus Labs has raised $3 million to combat crypto market manipulation, according to a press release shared with Cointelegraph on Feb. 20. Solidus Labs is a trade surveillance firm whose team includes former Goldman Sachs fintech engineers. The company reports to helps both traditional and crypto-focused service providers foster compliance while trading digital assets. Through the recent funding round, led by Israeli venture capital firm Hanaco Ventures, the team plans to further develop its crypto-oriented market surveillance tools designed for financial institutions and exchanges interacting with crypto assets. By implementing…

Crypto Market Eyes Additional Gains: BNB, EOS, Bitcoin Cash, Tron (TRX) Analysis

The total crypto market cap traded towards the $132.5B level and later corrected lower. EOS price traded above the $3.50 resistance and it is currently consolidating gains. Binance Coin (BNB) rallied more than 10% and broke the $10.00 resistance area. Bitcoin cash price is placed nicely above the $140 support, with a bullish bias. Tron (TRX) price failed to stay above the $0.0250 support and later declined. The crypto market started a downside correction, but it remains supported. Dips in bitcoin (BTC), Ethereum (ETH), Binance coin (BNB), BCH, ripple, EOS,…

Crypto Market Adds $10B: Litecoin (LTC), Bitcoin Cash, Tron (TRX), XLM Price Analysis

The total crypto market cap added more than $10.0B recently and broke the $130.0B resistance. Litecoin (LTC) price gained momentum and broke the $45 and $47 resistance levels. Bitcoin cash price rallied close to 15% and tested the $150 resistance area. Tron (TRX) price managed to climb back above the $0.0250 resistance zone. Stellar (XLM) price is slowly correcting higher towards the $0.0880 and $0.0920 levels. The crypto market extended gains, with bullish moves in bitcoin (BTC) and Ethereum (ETH). Besides, litecoin, ripple, bitcoin cash, tron (TRX), stellar (XLM) and…

Indonesia’s Commodity Futures Regulator Releases Regulation for Crypto Futures Market

Indonesia’s commodity futures regulator has established a legal framework for operating crypto and digital assets futures markets, according to an official press release published on Feb. 18. The Indonesian Commodity Futures Trading Supervisory Agency (Bappebti), which operates under Indonesia’s Ministry of Trade, has officially required multiple entities involved in crypto futures trading to seek regulatory approval and apply for registration before legally operating in Indonesia. The news follows the recent release of legislation that officially recognizes Bitcoin (BTC) and other digital assets as trading commodities. The Bappebti first greenlighted crypto…

Bitcoin, Ethereum Rally as Market Gains Over $5 Billion in a Day; Crypto Bulls Returning?

Cryptocurrency market started the week with an impressive rally, rising from $120.91 billion to as high as $126.391 billion in a day. The cryptocurrency market witnessed sizable gains over the weekend. | SOURCE: COINMARKETCAP.COM At 0900 UTC, the global crypto market cap was valued at 126.30, up 4.45% from Sunday’s low, with all the top 10 coins trending into their green territories. Bitcoin, the index’s leading cryptocurrency, posted 3.01% gains according to 24-hour adjusted timeframe calculated by TradingView.com. Ethereum, the second largest cryptocurrency, did better by surging 10% within the…

Crypto Market Could Extend Gains: EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis

The total crypto market cap gained momentum and broke the $118.0B resistance level. EOS price broke the $2.85 resistance and it is currently approaching the $3.00 resistance. Bitcoin cash price is up more than 5% and it could soon test the $130 level. Tron (TRX) price is facing a strong resistance near the $0.0250 and $0.0255 levels. Cardano (ADA) price rallied and broke the $0.0400 and $0.0420 resistance levels. The crypto market gained bullish momentum, with gains in bitcoin (BTC) and Ethereum (ETH). EOS, BCH, ripple, tron, ADA and other…

Most Cryptos See Gentle Green Amid Exceedingly Calm Market Picture

Saturday, Feb. 16: Cryptocurrencies are seeing mild price action, with virtually all of the top 20 coins by market cap seeing fluctuations of within 2 percent in both directions on the day, as data from Coin360 shows. Market visualization by Coin360 Top cryptocurrency Bitcoin (BTC) has seen fractional 0.37 percent growth on the day and is trading at $3,631 to press time, according to CoinMarketCap data. On its 7-day chart, the coin has jaggedly traded downward from an intraweek peak of almost $6,700 on Feb. 11 to a low of…

Regulated ETH Futures Would Result in More Robust, Liquid Market

Chicago-based crypto exchange ErisX has filed a comment letter with the United States Commodity Futures Trading Commission (CFTC) in response to the agency’s request for feedback on Ethereum (ETH)’s mechanics and market. The letter, submitted on Feb. 15, sets forth the exchange’s belief that “the introduction of a regulated futures contract on Ether would have a positive impact on the growth and maturation of the market.” As reported, ErisX is a reboot of traditional futures market Eris Exchange, and is expected to begin support for spot trading in Bitcoin (BTC),…