Coinbase’s Ethereum (ETH) Volume Spike a Hint, Up 28.1 Percent

Ethereum (ETH) up 28.1 percent Trading volumes surge ahead of Istanbul hard fork and Serenity Serenity is supportive of prices. So far, Ethereum (ETH) is up 28.1 percent. Even so, there is room for further upsides once there is a close above the psychological $300 mark. Ethereum Price Analysis Fundamentals Several factors are behind investors’ confidence in Ethereum (ETH). Apart from liquidity, fundamentals are overly bullish. Because of expectations and belief of how prices will pan out in days ahead, ETH is literally on a roll. Week to date, prices…

Strong Barriers at $8,500, But Bitcoin (BTC) Bulls are Firm

Bitcoin (BTC) stable and ranging The US SEC delays VanEck Bitcoin ETF decision date by another three months Bulls are resilience, and after shaking off the $1,000 drop of May 19, Bitcoin is stable and ranging. Even so, any break and close above $8,500 will draw buyers aiming at $10k or higher confirming bulls of early April. Bitcoin Price Analysis Fundamentals That the dreaded crypto winter is finally over, is true. Analysts say fundamental and technical factors are aligning and that will likely lift Bitcoin prices to new highs as…

Bitcoin Businesses Push Back Against Proposed Canadian Crypto…

On May 16, 2019, San Francisco-based crypto exchange Kraken posted on Twitter a summary of its response to the Canadian Securities Administrators (CSA) “Proposed Framework for Crypto-Asset Trading Platforms”: “Kraken strongly recommends against Canada imposing a security law framework on cryptocurrency exchanges in public response to the Proposed Framework for Crypto-Asset Trading Platforms published by the CSA,” Kraken wrote. Jonathan Hamel, a Bitcoin technology consultant with the Montreal Economic Institute and founder of Académie Bitcoin, told Bitcoin Magazine that, in his view, the proposed security framework is a clear attempt…

Ripple (XRP) add 21.7 Percent, Resistance at 40-43 cents Zone

Ripple (XRP) ranging but the uptrend is firm XRP classification will either trigger a rally or a large-scale dump Like most liquid assets, Ripple (XRP) is consolidating, trading inside May 14th and 15th high low in a bullish breakout pattern. All the same, bulls are in pole position. As fundamentals and candlestick arrangement diverge, it is only a matter of time before prices breach 50 cents as buyers aim at 60 cents. Ripple Price Analysis Fundamentals At 39 cents, Ripple (XRP) market dominance is 6.75 percent, trailing Bitcoin and Ethereum…

Hedge Fund Execs Predict Bitcoin Price will Close 2019 at $9,659

The bitcoin price has surged a little above 114 percent in 2019 so far. But, according to a new poll, the cryptocurrency has extra fuel to sustain its upside action further. US comparison website Finder surveyed ten FinTech capitalists, including executives from hedge funds Arca and BitBull Capital, on Friday. The portal found that a majority of them expected that bitcoin would pullback from its recently tested $8,000-level. However, they forecasted a strong rebound in June, which would push the cryptocurrency’s rate to as high as $9,659 by the end…

Why JPMorgan Chase Suddenly Found “Intrinsic Value” in Bitcoin

Banking giant JPMorgan Chase & Co. is not much of a bitcoin fan. The $2.63-trillion behemoth found itself on the opposite side of cryptocurrencies ever since its chief executive officer, Jamie Dimon, called bitcoin a fraud. He said in 2017 that the cryptocurrency was “not a real thing,” and will eventually die. Two years later, bitcoin is well and alive, sitting atop a $141.8 billion valuation at press time. It is likely to grow further as a wave of mainstream financial institutions builds an investment-worthy infrastructure around it. Fidelity Investments…

Bitcoin (BTC) Price Watch: Breakout or Further Decline?

Bitcoin price started a downside correction after tagging the $8,300 resistance against the US Dollar. The price tested the $7,575-7,600 support area and recently rebounded towards $8,100. Yesterday’s highlighted important bullish trend line is intact with support near $7,810 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to trade in a range before the next move either towards $8,300 or below $7,575. Bitcoin price is holding a couple of important supports near $7,600 against the US Dollar. BTC could either climb above…

Crypto Market Holding Key Support: Bitcoin Cash, Litecoin (LTC), ADA, TRX Analysis

The total crypto market cap is currently above the key $225.0B and $230.0B support levels. Bitcoin price seems to be struggling to clear the $8,000 barrier and is trading in a range. Litecoin (LTC) price is currently consolidating above $90.00, with resistances near $92.00 and $95.00. Bitcoin cash price settled above the $400 resistance area after a strong recovery from $350. Tron (TRX) price is slowly grinding higher towards the key $0.0300 resistance area. Cardano (ADA) price is facing a strong resistance near the $0.0850 and $0.0880 levels. The crypto…

Ripple (XRP) Price Consolidating Above Key Supports: $0.3600 Holds Key

Ripple price failed to break the $0.4300 resistance and recently corrected lower against the US dollar. The price declined below the $0.4000 support and tested the $0.3800 support area. There is a key bullish trend line forming with support near $0.3850 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may continue to trade in a range above the $0.3610 support area before a fresh increase. Ripple price is currently consolidating above key supports against the US Dollar, but declining vs bitcoin. XRP must stay…

Ethereum (ETH) Price Following Rising Channel: Targets $270, $280

ETH price is trading nicely above the $245, $240 and $232 support levels against the US Dollar. The price recently tested the $265 level and corrected lower to test the $240 support. There is a new rising channel forming with support near $245 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains well supported on the downside near the $245 level and the 100 hourly simple moving average. Ethereum price is following bullish path above $245 versus the US Dollar, but struggling vs bitcoin. ETH is…