Tag: Analysis

Crypto Market Update: EOS, Tron (TRX), Bitcoin Cash, ADA Price Analysis

BITCOIN CASH, EOS, NEWSBTC
The total crypto market cap tested the $117.50B resistance and later corrected lower.EOS price is currently correcting lower and it may test the $2.40 support level.Bitcoin cash price tested the $130 resistance and it is currently moving lower towards $126.Tron (TRX) price remains in an uptrend and it could accelerate towards the $0.0300 level.Cardano (ADA) price settled above $0.0420 and it is currently consolidating in a tight range.The crypto market started a downside correction after yesterday’s recovery. Bitcoin (BTC), EOS, Ethereum, BCH, ripple, ADA and altcoins are approaching key supports where buyers could emerge.Bitcoin Cash Price AnalysisBitcoin cash price made a nice upward move above $126 and $128 against the US Dollar. BCH/USD even broke the $130 resistance level, but it fail
[Guest Post] FinTech’s effect on Financial Services in 2019

[Guest Post] FinTech’s effect on Financial Services in 2019

CRYPTOCURRENCY
by Stephen HarkeyFinancial technology (FinTech) solutions are expected to have an exceptional year in 2019, predominantly with new solutions designed to assist the unbanked and underbanked populations. According to media sources, there are suspected to be an estimated 1.7 billion adults across the world who do not presently enjoy access to traditional financial services. This equates to 31% of the adult populace who are not currently leveraging financial services, products and benefits from a traditional bank account. This means that 31% of the world’s adult population are unable to borrow money, lawfully save funds, or invest finances. They are simply not capable to gain access to the global money system that allows for economic freedom. What’s worse, because of their limited means to fin
[Guest Post] Will Blockchain Help Streamline Data Management?

[Guest Post] Will Blockchain Help Streamline Data Management?

BLOCKCHAIN, CRYPTOCURRENCY
by Rae SteinbachThe digital age has obviously yielded major benefits for businesses. That said, keeping up with technological shifts can be challenging. A major struggle organizations often face is data management. Solutions businesses may have relied on in the past are no longer sufficient for managing large volumes of data. Even relatively new approaches, such as using third-party cloud storage providers, aren’t ideal. A business that entrusts a third party with its data must be confident that data is secure. This isn’t always guaranteed. On top of that, cloud storage systems can’t always be relied upon to perform quickly enough to meet the needs of customers. Organizations must consider stronger data management solutions that offer enhanced security and reliability. For example, your bu
Bitcoin Price Watch: BTC At Continued Risk of Weakness

Bitcoin Price Watch: BTC At Continued Risk of Weakness

BITCOIN, NEWSBTC
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 AnalysisYesterday, there was a significant downward move below the $3,650 support level in bitcoin price against the US Dollar. The BTC/USD pair even traded below the $3,560 support level and the 100 hourly simple moving average. It spiked below the $3,500 support and ...
Ripple Price Analysis: XRP’s Recovery Could Face Major Hurdles

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

NEWSBTC, RIPPLE
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 Price AnalysisYesterday, there was a sharp decline in ripple price below $0.3300 similar to Ethereum and bitcoin against the US Dollar. The XRP/USD pair even broke the $0.3200 support and settled below the 100 hourly simple moving average. It traded close to the $0.3100...
Ethereum Price Analysis: ETH Consolidating Below Crucial Barriers

Ethereum Price Analysis: ETH Consolidating Below Crucial Barriers

ETHEREUM, NEWSBTC
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 AnalysisYesterday, we saw a nasty decline in ETH price from the $125 swing high against the US Dollar. The ETH/USD pair broke the $122, $120, $118 and $115 support levels to move into a bearish zone. It tested the $112 support area where buyers emerged. Later, the price started co
TRON Records 2x Increase in Price Since November, What Caused it?

TRON Records 2x Increase in Price Since November, What Caused it?

NEWSBTC
Tron has become an exception in a long-running bear market of cryptocurrencies.The decentralized blockchain protocol experienced a twofold surge in the value of its native token TRX. Between November 20, 2018, and January 18, 2018, the TRX/USD pair rose from 0.0132 to 0.0249, according to CoinMarketCap.com. In the same timeframe, the Bitcoin price dropped 18.37%, from $4474.58 to $3,652.50 while TRX’s closest competitors Ether and EOS experienced 18.39% and 33.42% worth of losses in US Dollars, respectively.Source: CoinMarketCap.comThe surge assisted TRX to maintain its position among the top ten cryptocurrencies. Tron’s total market capitalization at press time touched $1.67 billion, as confirmed by CoinMarketCap.com’s aggregated data.What Made Tron’s TRX RiseEarlier this month, Tron’s fo

Experts on 10th anniversary of first bitcoin transaction

BITCOIN, CRYPTOCURRENCY
Bitcoin logoJanuary 12, 2019 marked the 10th anniversary of the very first bitcoin transaction. Bitcoin creator Satoshi Nakamoto sent 10 bitcoins to a U.S. software engineer named Hal Finney (who some believe may have been one and the same) on January 12, 2009. A number of digital currency and blockchain industry experts have reflected on the last 10 years and on what the next decade possibly holds for blockchain technology as well as crypto-assets. CoinReport would like to thank PR firm Wachsman for sharing with us the following expert commentary. Brent Jaciow, Head of Blockchain Affairs at music data tracking platform Utopia Music: “Reflecting on the last ten years, by and large the greatest innovation to the world of crypto is the invention of the smart contract given it is what allows
Bitcoin Price Watch: BTC’s Trend Overwhelmingly Bearish Below $3,600

Bitcoin Price Watch: BTC’s Trend Overwhelmingly Bearish Below $3,600

BITCOIN, NEWSBTC
Bitcoin price failed to break the $3,750 resistance and declined sharply against the US Dollar.There was a break below a crucial bullish trend line with support at $3,620 on the hourly chart of the BTC/USD pair (data feed from Kraken).The price is currently recovery, but it likely to face a strong selling interest near $3,560 and $3,600.Bitcoin price fell significantly below the $3,600 support against the US Dollar. BTC is currently trading in a downtrend and it could resume its decline if it fails to surpass $3,600.Bitcoin Price AnalysisThis past week, there was a slow and steady rise above the $3,600 level in bitcoin price against the US Dollar. The BTC/USD pair even broke the $3,700 resistance level. However, it seems like buyers failed to gain strength above the $3,750 level. As a resu...
Crypto Market Tumbles: EOS, Tron (TRX), Bitcoin Cash, ADA Price Analysis

Crypto Market Tumbles: EOS, Tron (TRX), Bitcoin Cash, ADA Price Analysis

BITCOIN CASH, EOS, NEWSBTC
The total crypto market cap made a sharp U-turn and declined below the $115.00 support.EOS price is down around 5% and it broke the $2.45 and $2.40 support levels.Bitcoin cash price is under pressure and it recently broke the $125 support level.Tron (TRX) price failed to stay above the $0.0250 support and it could revisit $0.0220.Cardano (ADA) price declined more than 6% below the $0.0450 support level.Bitcoin and the whole crypto market fell sharply in the past few hours. BTC, Ethereum, ripple, EOS, BCH, ADA and altcoins are currently under a lot of selling pressure.Bitcoin Cash Price AnalysisBitcoin cash price failed to stay above the $130 support level and recently started a sharp decline against the US Dollar. BCH/USD declined below the $126 and $125 support levels to move into a beari...