Bitcoin Price Analysis – A perfect storm

Bitcoin has dropped ~USD$400 in the past 24 hours, contributing to a ~USD$1450 drop in the past seven days. The leading cryptocurrency is down ~US$1150 Since the recent high of ~US$4950 on Sept 2nd, or nearly 30%. The lackluster performance can be attributed to both technical and fundamental factors.

On September 4th, China announced an outright ban of all ICOs, suggested refunding any collected funds in any ongoing crowd sales, and hinted at the shuttering of exchanges trading ICOs.

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Bitcoin Cash Price Technical Analysis – Can BCH/USD Hold $400?

Key Points Bitcoin cash price faced an increased selling pressure and broke the $450 support against the US Dollar. There was a break below this week’s highlighted descending channel pattern with support at $430 on the hourly chart of BCH/USD (data feed from Kraken). The price is currently trading just around $400 and struggling to … Continue reading Bitcoin Cash Price Technical Analysis – Can BCH/USD Hold $400?

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Bitcoin Cash Price Technical Analysis – Can BCH/USD Hold $400?

Key Points Bitcoin cash price faced an increased selling pressure and broke the $450 support against the US Dollar. There was a break below this week’s highlighted descending channel pattern with support at $430 on the hourly chart of BCH/USD (data feed from Kraken). The price is currently trading just around $400 and struggling to … Continue reading Bitcoin Cash Price Technical Analysis – Can BCH/USD Hold $400?

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Bitcoin Proponents Respond to JP Morgan Executive’s Statements

Bitcoin Proponents Respond to JP Morgan Executive's StatementsBitcoin proponents got fired up last week when JP Morgan executive Jamie Dimon called bitcoin a “fraud” and told the CNBC news outlet that cryptocurrency markets would end badly. Following Dimon’s opinions, many crypto-enthusiasts responded to the banker’s recent statements. Also read: GMO to Invest 10 Billion Yen in Its Own 7nm, 5nm and 3.5nm Dedicated Bitcoin […]

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DIGI TOKENS SET TO REVOLUTIONIZE ELECTRONIC COMMERCE

Estimates show that the market for digital products is on an upward trajectory and should reach over 500 billion USD before 2020. The exciting growth rate opens lots of opportunities within the sector. There is need to make sure that consumers continuously get goods and services sold to them at affordable rates. Secondly, these digital … Continue reading DIGI TOKENS SET TO REVOLUTIONIZE ELECTRONIC COMMERCE

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DIGI TOKENS SET TO REVOLUTIONIZE ELECTRONIC COMMERCE

Estimates show that the market for digital products is on an upward trajectory and should reach over 500 billion USD before 2020. The exciting growth rate opens lots of opportunities within the sector. There is need to make sure that consumers continuously get goods and services sold to them at affordable rates. Secondly, these digital … Continue reading DIGI TOKENS SET TO REVOLUTIONIZE ELECTRONIC COMMERCE

The post DIGI TOKENS SET TO REVOLUTIONIZE ELECTRONIC COMMERCE appeared first on NEWSBTC.

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