$3.2 Trillion in Bitcoin Payments Processed in 2018, Better Version of Gold?

Image: Shutterstock By CCN.com: Throughout 2018, more than $3.2 trillion worth of Bitcoin payments were processed on the public blockchain network. The high on-chain transaction volume of the dominant cryptocurrency has demonstrated the efficiency of the asset as a cross-border payment method and as an alternative to existing settlement systems for international payments. Is Bitcoin a More Efficient Version of Gold? Often, Bitcoin is compared to gold as a store of value and a medium of exchange. Both assets are unaffected by the performance of the broader financial market and…

Bitcoin Price Watch: BTC At Continued Risk of Weakness

Bitcoin price remained in a bearish zone below the $3,580 and $3,600 resistance levels against the US Dollar. There is a major bearish trend line in place with resistance near $3,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading inside an expanding triangle with resistance near the $3,580 level. Bitcoin price started consolidating losses above the $3,480 support against the US Dollar. BTC is likely to face a strong selling interest near the $3,580 and $3,600 levels. Bitcoin Price Analysis Yesterday,…

Ripple Price Analysis: XRP’s Recovery Could Face Major Hurdles

Ripple price traded towards the $0.3100 level recently and later started a correction against the US dollar. There was a break above a connecting bearish trend line with resistance at $0.3180 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently following an ascending channel with support at $0.3160 on the same chart. Ripple price is slowly recovering against the US Dollar and Bitcoin. However, XRP/USD is likely to face a lot of hurdles on the upside near the $0.3220 and $0.3250 levels. Ripple…

Ethereum Price Analysis: ETH Consolidating Below Crucial Barriers

ETH price declined recently below $120 and tested the key $112 support area against the US Dollar. Yesterday’s highlighted important bearish trend line is intact with resistance at $118 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently consolidating below the $118 and $120 resistance, with a few positive moves. Ethereum price is placed in a bearish zone against the US Dollar and bitcoin. ETH/USD must break the $118 and $120 resistances to start a short term upside correction. Ethereum Price Analysis Yesterday, we saw…

TRON (TRX) and Ripple (XRP) Up, Despite $5 Billion Loss this Weekend

The entire cryptocurrency market has hit a bit of a bear run moving into the new week. Towards the end of last week, most digital currencies saw quite a spike in prices. That didn’t last long as most of them quickly plummeted towards the end of the weekend, taking off $5 billion from the total market cap. Today, we’ll take a look at TRON (TRX) and Ripple (XRP). Both of these coins are seeing green today. Let’s take a closer look at why this may be. TRON (TRX) TRON, now…

Tron Price Analysis: TRX Trend Setting, Up 18% From Last week’s Close

Tron prices surge, adds 7.8 percent in the last day Justin Sun hires former SEC official; crypto is no scam Accompanying recent surges are high trade volumes While most trading pairs register losses, TRX is a top performer and up 7.8 percent in the last day. At this pace, TRX bulls will likely drive prices towards 4 cents in coming few days. Tron Price Analysis Fundamentals In one of Nouriel Roubini tweetstorm, the NYU professor goes to great length discrediting crypto calling the burgeoning market a “4800 Pump & Dump…

Autonio Welcomes Stan Larimer | Autonio Team Expands

The Autonio team is proud to announce that Stanley Larimer (@stan) has joined Autonio’s advisory board. Stan will be working closely with the Autonio team to advise on the development of the NIOdex, assisting Autonio in developing their network within the cryptocurrency industry, and ensuring the humanitarian values of Prosperism remain an important influence on the project. https://steemit.com/bitshares/@stan/autonio-and-the-sovereign-sky Stan has four decades of experience in software, hardware, and systems engineering, program management, and business development. He contributed on 17 different R&D programs for air, ground, sea and space systems and…

Ripple Price Analysis: XRP Accumulation, Bull Pressure Building Up

Ripple prices stable above 30 cents SWIFT—Ripple competition should heat up in coming days Transactional volumes low and dropping XRP success depends on adoption. That’s why an increase in xRapid users is bullish for investors. Even still, the slide of XRP prices have been deflating, and after 12 months of lower lows, we expect Sep 2018 to guide medium to long term price trajectory. Ripple Price Analysis Fundamentals As long as SWIFT dominates, we expect determined competitors to step up their marketing, pitch to potential clients—mostly in areas where most…

Bitcoin Price Analysis: $3,800 is Definitive for BTC

Bitcoin Price drop 4.1 percent in the last day Wyoming could be the blockchain and crypto center in the US Participation levels low, prices may consolidate in days ahead. Despite bullish fundamentals, BTC continues to cede ground against the USD. At spot rates, prices are steady and trending within our support zone. Unless otherwise there are sharp gains above $3,800, sellers may snap back to trend. Bitcoin Price Analysis Fundamentals Wyoming may be the center of crypto attention thanks to their openness and embrace of new technology, but the real…

Why Crypto is En Route to the Longest Bear Market in History

Image: Shutterstock By CCN.com: The crypto market is en route to experiencing the longest bear market in its 10-year history. As Ran Neuner, the host of CNBC’s Crypto Trader said, if the latest bear market lasts for another month, it will surpass the 420-day correction the crypto market experienced from 2014 to 2015. “If this bear market continues for another month it will be the longest bear market in Crypto history; 2014/15 – 420 days. 2018/19 -390 days,” said Neuner. What is Triggering the Crypto Bear Market to Extend Across…