Ethereum (ETH) Snaps Back From $230, Benfica FC Setting Precedence

ETH bulls persistent, rejecting lower prices Benfica FC and UTRUST partnering will benefit fans By partnering with UTRUST, a crypto payment processor, Benfica FC fans will now pay for tickets and other merchandise using Ether or BTC. Meanwhile, the reaction from $230 could be the foundation that will propel ETH to $400. Ethereum Price Analysis Fundamentals The success of any blockchain project depends on reception. That Ethereum is one of the biggest benefactors because of their soft landing is true. Promising to create a platform that improves on Bitcoin, Vitalik,…

XRP Bulls Firm But Down 9.9%, Ripple Can Be A Micropayment Platform

XRP is down 9.9 percent Recent findings could embolden the “XRP Army’s” repeated calls for the adoption of their crypto.  CoinGate is confirming that XRP is suitable for micropayments. Their latest research reveals that more people are procuring services and settling using XRP. However, that did not spur demand, as XRP is struggling against unyielding sell-side pressure. Ripple Price Analysis Fundamentals Seven years later and Ripple is much more than a platform. From what information is publicly available, XRP is increasingly serving the crypto economy as a medium of exchange.…

Despite Warnings of Analyst For Fall to $6,100, Bitcoin Surges Above $8k

The bitcoin price has dropped by as much as 18 percent from its 2019 high of $9,090. And it could lose more value in the coming 20 days, according to an analysis provided by a cryptocurrency analyst. Mr. Teddy Cleps of Crypto Freak Network said on Monday that the bitcoin price historically contacted its 21-weekly exponential moving average (EMA) in every 70-to-90 days. On the 70th day since the last contact, bitcoin was trending almost a thousand dollar above the EMA in concern, which means the cryptocurrency has approximately 20…

Bitcoin Upsets Bearish Investors, Massive Head and Shoulders Still in Play

In the early hours of the morning, Bitcoin exploded upward to $8,000 from a double-bottom local low set over the weekend around $7,500. The rally upset overly bearish crypto investors and traders who had been expecting further downside in the price of the first ever cryptocurrency. The brief, yet powerful green candle may have shocked bears, an ominous and massive head and shoulders has been forming on the price charts of Bitcoin and other leading crypto assets, suggesting that the bears may soon have their party, and the crypto market…

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EOS Tumbles 20.2% After Weiss Ratings Assessment

EOS falls 20.2 percent Weiss Ratings is concerned about EOS centralization The Delegated Proof of Stake consensus necessitates voting. With voting, users can choose validators or Block Producers. However, Weiss Ratings now says because of this, there is “serious problems with centralization.” Meanwhile, EOS is down 20.2 percent from last week’s close. EOS Price Analysis Fundamentals The decision to adopt a consensus algorithm that is flexible, delivering Block One’s objectives did ruffle some feathers. Behind every blockchain project that seeks to launch its mainnet is the desire to meet the…

Bitcoin News Summary – June 10, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  America’s Securities and Exchange Commission filed a complaint against popular messaging app creator, Kik, for failing to register its recent “Kin” ICO as a securities sale. The SEC is seeking to impose a $100 million fine on the Canadian firm; about the same value of Kin sold. This case is likely to set precedent for ICOs which cater to Americans without SEC registration. Portuguese premier league team, Benfica, is now selling tickets and merchandise for Bitcoin, Ethereum, and the…

Bitcoin (BTC) Price Turns Bearish: Bulls Could Face Resistance Near $7,800

Bitcoin price remained in a bearish zone and recently declined below $7,600 against the US Dollar. The price retested the $7,500 support area and it is currently consolidating losses. There is a key bearish trend line forming with resistance near $7,820 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but the bulls are likely to face resistance near $7,800 and $7,900. Bitcoin price declined recently below key support levels against the US Dollar. BTC is facing an uphill task and it…