Friday, August 30: following the mid-week’s strong upswing, the crypto markets subsequently saw widespread corrections, but most cryptocurrencies are today consolidating these higher lows. The vast majority of cryptos are in the green, as Coin360 data shows.Market visualization from Coin360Bitcoin (BTC) is trading at around $6,925 at press time, up around 1 percent on the day, according to Cointelegraph’s Bitcoin price index.Having broken through the $7,000 threshold earlier this week, the top coin began to dip August 29, trading as low as $6,827 by August 30.Bitcoin’s 7-day price chart. Source: Cointelegraph Bitcoin Price IndexOn the week, Bitcoin remains up a solid 6.45 percent, and has closed its monthly losses to around 10.6 percent.Ethereum (ETH) is trading around $277 at press time,
Research firm Satis Group has released a new report making bold price predictions about the current leading cryptocurrencies on the market. It is attempting to create accurate valuations based on real-world data.Individual Crypto Asset ValuationsAs an emerging, disruptive technology that’s value isn’t yet fully understood or demonstrated, it’s increasingly difficult to give each individual crypto asset a valuation. This creates wild price volatility led by speculators working through natural price discovery.The report, penned by researchers Sherwin Dowlat and Michael Hodapp, is a deep dive into cryptocurrency market valuations. The duo used a combination of peer-based metrics, quantity theory, discounted cash flow models, and economic forecasting to come up with their valuations.Satis Grou
Thursday, August 30: following the week’s brief uptick, crypto markets are today seeing widespread corrections, with the top ten coins by market cap losing between 1.5 and 5 percent on the day. All but 13 minor alts among the top 100 ranked cryptos are in the red, as Coin360 data shows.Market visualization from Coin360Bitcoin (BTC) is trading at around $6,942 at press time, down1.52 percent on the day, according to Cointelegraph’s Bitcoin price index.Having broken through the much-fêted $7,000 threshold earlier this week, the top coin has seen a slump set in as of yesterday, August 29.Bitcoin’s 7-day price chart. Source: Cointelegraph Bitcoin Price IndexOn the week, Bitcoin remains up a solid 6 percent, while monthly losses are around 15 percent.Ethereum (ETH) is trading around $284 at pre
Ripple's efforts to consolidate the lawsuits filed against it are proceeding successfully. As previously reported by CoinDesk, Ripple Labs, which has been sued by a number of parties claiming that the XRP token is a security for the company, has been pushing to have the various class action lawsuits against it combined, or at least coordinated, to limit the number of cases it fights at once. And Wednesday, a California Superior Court suit filed by investor David Oconer was formally designated as "complex litigation" – meaning it will now be coordinated with the remaining suits. According to public filings, this follows another California case, filed by investor Vladi Zakinov, which has already been deemed complex as of June 2018. Under California court rules, one of the requirements for a
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.The market data is provided by the HitBTC exchange. The total crypto market capitalization has grown by about $30 billion in 15 days. This shows that the market is rebounding from its lows. Failure of the bears to break below the $5,900 mark in Bitcoin in the past few days has encouraged some buying by the bulls. Various investment firms are launching new products in a bid to attract institutional players. This confirms demand from the larger market participants. However, it is too early to announce the start of a new trend. Last time, the bulls were to...
Wednesday, August 29: crypto markets are largely holding fort after yesterday’s strong upswing, as Bitcoin (BTC) continues to trade near the $7,000 price point and many of the top ten cryptocurrencies see negligible price change on the day.While a number of crypto assets in the top 100 are seeing mild corrections, these are scattered and are not for now correlated as part of a market-wide downtrend, as Coin360 data shows. Market visualization from Coin360 Bitcoin (BTC) is trading at around $7,036 at press time, down just half a percent on the day, according to Cointelegraph’s Bitcoin price index. The top coin yesterday broke through the $7,000 threshold for the first time since August 8, and is trading around $300 higher than just a couple of days ago, August 27. Today’s further consolida
Ripple Price Key HighlightsRipple has been on a tear but is currently hitting a roadblock at the top of its 1-hour range.If the ceiling keeps holding, price could slide back to the bottom or the mid-range area of interest.Technical indicators are giving mixed signals on whether the range resistance would hold or not.Ripple is currently testing the top of its range visible on the 1-hour time frame, still deciding whether to make a bounce or break.Technical Indicators SignalsThe 100 SMA just crossed above the longer-term 200 SMA to suggest that the path of least resistance is to the upside. In other words, the uptrend is more likely to resume than to reverse. However, the moving averages could simply be oscillating at this point as price is still moving sideways.RSI is on the move down to in...
Tuesday, August 28: crypto markets are seeing strong positive momentum bolster a persuasive recovery, as Bitcoin (BTC) breaks above the $7,000 price point and all but 3 altcoins amid the top 100 cryptocurrencies post strong gains on the day. Growth among the top ten largest assets ranges between 4.5 to almost 20 percent, as Coin360 data shows. Market visualization from Coin360 Bitcoin (BTC) is trading at around $7,016 at press time, up around 4.2 percent on the day, according to Cointelegraph’s Bitcoin price index. The top coin has seen several days of recovery since its brief price dent August 22 in the wake of toughened anti-crypto measures in China and a fresh series of disapproval orders for several Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SE
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.The market data is provided by the HitBTC exchange. Can Bitcoin witness a scorching rally in the remaining part of the year? Tom Lee, Head of Research at Fundstrat Global Advisors certainly thinks so and he has his reasons. He is still hopeful that the leading digital currency can reach $25,000 by the end of the year. We, however, have maintained throughout that the people who are hoping for a repeat of the previous year’s rally will be disappointed. With a number of traders reeling under huge losses, it will take a lot of effort to turn sentiment aroun
David Schwartz, one of the original architects of the Ripple consensus network, doesn’t see XRP being the one digital asset to rule them all any time soon and holds an unspecified amount of bitcoin despite calling its Proof-of-Work consensus algorithm a “technological dead-end.” Ripple CTO Offers Interesting Insight David Schwartz, the newly appointed CTO and former chief cryptographer at Ripple, hosted an AMA session on The Next Web earlier this week, answering some of the hottest questions today and providing insight into the company’s future. Despite Ripple being one of the largest and most funded cryptocurrency companies, Schwartz doesn’t believe their XRP Ledger has that bright of a future. When asked about the limitations of the ledger, Schwartz said that he doesn’t think there can b