Bitcoin Price Slips Below $3.8K as Bullish Bets Tank

Bitcoin is losing altitude as an unwinding of bullish bets is creating downward pressure on prices. As of writing, BTC is changing hands at $3,780 on Bitstamp – down 5 percent on a 24-hour basis – having found offers above $4,000 at 06:00 UTC. Notably, the price drop is accompanied by a decline in the bullish bets. For instance, the BTC/USD long positions on the Bitfinex exchange fell to an eight-day low of 31,237 earlier today and are currently down 8 percent at 31,255 – the biggest single-day drop since Dec.…

The First Live Enterprise Blockchain Sets Sights on Every Area of Global Trade

In a space infamous for promising radical transformation but delivering mostly prototypes so far, Roberto Mancone, we.trade’s chief operating officer, has a record of making good on his pledges. Early last year, he promised the trade finance blockchain platform would go live by mid-2018 – which it did, with a focus on trading between small and medium-size enterprises (SMEs) in various European countries. Later in the year, we.trade pledged it would make its first move outside Europe – which it did, announcing a project to explore interoperability with Hong Kong’s…

Bitcoin Price Watch: BTC Likely Preparing For Bullish Ride

Bitcoin price is placed nicely above the $3,965 and $3,980 support levels against the US Dollar. There is a short term triangle forming with resistance at $4,045 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may continue to move higher towards $4,250 if there is a clear break above $4,080. Bitcoin price is gaining bullish momentum above $4,000 against the US Dollar. BTC remains supported on dips and it may soon climb above the $4,150 and $4,200 resistances. Bitcoin Price Analysis Yesterday, we discussed…

Ripple Price Analysis: XRP Could Dip and Rip Above $0.3900

Ripple price recently gained bullish momentum above the $0.3650 resistance against the US dollar. There was a break above a key triangle with resistance at $0.3665 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair traded towards the $0.3840 level and it is currently correcting lower. Ripple price is back in a positive zone against the US Dollar and Bitcoin. XRP/USD could dip a few points towards the $0.3700 support before a fresh upward move in the near term. Ripple Price Analysis Yesterday, we discussed…

Ethereum Price Analysis: ETH Sellers Could Gain Control Below $146

Key Highlights ETH price traded in a range above the $146 support area against the US Dollar. There are two major bearish trend lines formed with resistance at $152 and $154 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline below the $146 support if buyers struggle to push the price above $154. Ethereum price is trading in a tight range against the US Dollar and bitcoin. ETH/USD remains at a risk of a downside break as long as it is below $154. Ethereum Price…