After Rallying 150% YTD, is Bitcoin (BTC) Going to Collapse?

Bitcoin (BTC) cool off, correction in the cards.  Shapeshift’s Erik Voorhees says bubbles are normal.  At the back of record transaction volumes and ultra-bullish news, Bitcoin (BTC) is one of the top performing assets. All the same, upside momentum is slowing, and BTC could slide back to $7,500, or $5,500. Bitcoin Price Analysis Fundamentals Bubbles are normal, says Erik Voorhees,the CEO of the crypto-to-crypto exchange ShapeShift. In a recent interview with Bloomberg TV, the crypto pioneer and one of the first entrepreneurs of Bitcoin notes that most analysts believe that…

Ethereum (ETH) Goes Parabolic After Bitcoin, Looks To Push $300

Ethereum (ETH) add 55 percent in the last week Cryptopia folding explains exchanges should be after verticals, not listing and trading fees According to Vijay Boyapati, exchanges are walking the wrong path of short-term profitability over future dominance better exemplified by Cryptopia decision to list as many as coins/tokens as possible before falling prey to hackers. Meanwhile, Ethereum (ETH) bulls are rampant, stepping on the gas pedal with targets at $300 and $400. Ethereum Price Analysis Fundamentals By design, blockchain and related businesses should function in a decentralized manner. That…

Stellar Lumens (XLM) Surges 55% to Pass Resistance, Outdoes Bitcoin

Stellar Lumens (XLM) rally, add 55.6 percent The network failed for two hours on May-15 Stellar’s validator nodes “trust” the SDF nodes. Because of that, there was a failure, and the system couldn’t reach consensus for two hours on May-15. At the moment, XLM is under pressure but up 18.8 percent in the last day. Stellar Lumens (XLM) Price Analysis Fundamentals In the words of Yorke Rhodes, development around blockchain feels like it is back to 1995. Then, the internet had little interest to the average consumer. Fast forward, 19…

Ethereum Could Almost Double its Price This Year: Analyst

A notable cryptocurrency analyst has projected double-growth for Ethereum in the second half of 2019. Jacob Canfield, the co-founder of SignalProfits.com, predicted Ether at circa $546 based on the asset’s historical price moves dating back to 2017. The analyst noted that the Ether price is trending inside a Rising Channel that looked strikingly similar to a channel that formed between June 2017 and early December 2017. The ETH/USD rate in 2017 posted 186.58 percent gains inside the Rising Channel. The pair later broke out and settled its all-time high of…

Ripio Is Launching a Crypto Exchange for 3 Latin American Nations

UPDATE May 16, 18:30: The article was updated with new information from Ripio on the exchange launch date. ––––––––– Ripio, a startup that’s been working to boost crypto adoption in Argentina, is opening a new exchange platform for three Latin American markets. The exchange will operate in Argentina, Brazil and Mexico, though due to regulatory hurdles, only fixed-price purchases will be available for Mexican users, Ripio CEO Sebastian Serrano told CoinDesk at Consensus 2019. The company already offers a crypto wallet and peer-to-peer lending, and is launching over-the-counter (OTC) trading for…

Trouble for Bitcoin if Price Corrects Below $7,500

A prominent analyst fears difficulty for bitcoin if its spot rate drops below $7,500. Nick Cote, the chief information officer at US-based Redacted Capital, said holding the $7,500-level is essential for bitcoin as it began correcting from a yearly high of $8,388 this Thursday. The analyst noted that bitcoin falling below $7,500 could switch the interim market bias in favors of bears, as shown in the chart below. Bitcoin Price Breaks Below Interim Ascending Trend Line | Image Credits: Nick Cote Cote showed bitcoin breaking below a crucial ascending trendline and…

2018 Was a Nightmare for Most

The shutdown of Coinnest on April 18, one of the major crypto exchanges in South Korea, showcased the intense brutality of the 16-month bear market, which came crashing down as soon as bitcoin achieved an all-time high at a price of $20,000. While not many major crypto exchanges have closed their operations in the past year, most exchanges — with the exception of some platforms considered to have real daily volumes by Bitwise Asset Management — have struggled to maintain a stable inflow of revenue. The bear market was particularly…

Bitcoin (BTC) Price Correcting Gains: Key Supports Nearby

Bitcoin price traded to a new 2019 high at $8,370 and recently corrected lower against the US Dollar. The price traded below the $8,200 support, but there are many supports above $7,800 and $7,600. This week’s followed bullish trend line could provide support at $7,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). There were strong gains in Ethereum (broke $265) and ripple (tested $0.4800) in the past few hours. Bitcoin price traded further higher before it faced sellers near $8,370 against the US Dollar. BTC…

Crypto Market Rally As Altcoins Join Party: Bitcoin Cash, XLM, EOS, TRX Analysis

The total crypto market cap surged further and tested the key $250.0B resistance level. Bitcoin price is currently consolidating above the $8,000 and $8,100 support levels. Bitcoin cash price surged above the $400 and $425 resistance levels. EOS price is up more than 10% and it recently cleared the key $6.50 barrier. Stellar (XLM) price rallied more than 25% and broke many hurdles near $0.1300 and $0.1400. Tron (TRX) also joined the party and broke the key $0.0250 and $0.0300 resistance levels. The crypto market cap surged above $250.0B, with…

Ripple (XRP) Price Skyrockets: More Gains Above $0.50, $0.52 Likely

Ripple price extended its rally above the $0.4500 and $0.4700 resistances against the US dollar. The price tested the $0.4800 area and it looks set to extend gains above $0.5000. Yesterday’s highlighted important ascending channel is intact with support near $0.4390 on the hourly chart of the XRP/USD pair (data source from Kraken). There were sharp gains in Ethereum above $250 and $260, opening the doors for $300. Ripple price started a significant upward move against the US Dollar and bitcoin. XRP broke $0.4750 and it looks set to surpass…