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As we edge closer to the end of February 2020, the top crypto coins continue performing well, making broad-based gains but with intense volatility. All the top three cryptocurrencies (Bitcoin, Ethereum, and XRP) are trading at higher prices than the weekly lows. Bitcoin may have broken the $10 000-mark last week but has been quite volatile, giving price analysts a difficult time coming up with an accurate price prediction. The prices of altcoins have also increased thanks to a ripple…

XRP/USD's price rallied past the $0.2800 mark. However, it couldn't carry the momentum past the $0.2860 level. Currently, the price is experiencing a downside towards the major supports at $0.2700 and $0.2650. XRP Steady Gain Recently, the price gained steadily from the $0.2650 support zone. Consequently, it broke the   $0.2800 barrier zone in addition to the 100 hourly SMA. Despite the gain, the buyers couldn't push the price beyond the $0.3000 barrier. It established a swing high near $0.2861…

Facebook's Libra cannot drive financial inclusion. This is according to Andreas Antonopoulos the author of Mastering Bitcoin. Mr. Antonopoulos made the remarks during an interview with BLOCK TV NEWS. Part of the interview centered on the stablecoin's ability to bank the unbanked as alluded to in the project's whitepaper. No Stranger To Controversy The Libra project has courted controversy since Facebook announced its intended launch in June 2019.  Consequently, the developers have had to reschedule the launch to an unnamed…

America's largest bank now claims that the banking sector isn't ripe for Blockchain adoption. In a recent report, JP Morgan Chase acknowledges that the ongoing blockchain developments are the foundation for the adoption of digital currencies. However, it holds that full adoption will take years. The report also suggests that the bank is looking beyond blockchain technology. According to the report, the foundations for mainstreaming blockchain adoption, expedited payments and digital currencies is already set. It estimates that it will…

Bitcoin.com's CEO Roger Ver has backed Bitcoin Cash( BCH) to gain in popularity going forward. Mr Ver asserted that BCH aligns best to Nakamoto's vision compared to other Bitcoin Forks. He made these suggestions during an interview with HardForking. A BCH champion, Mr Ver ventured that cryptocurrencies should offer a substitute payment system, but not be another investment instrument. He averred that for us to prevent government control we should use cryptos as money. According to him, using cryptocurrencies for…

The last 24 hours saw the cryptocurrency market make a surprising recovery. As a result, BTC flat-line closed at $9,650. Bitcoin's price surged further settling at $9,945 a few hours ago. Following the quick two percent rise from $9.7k, BitMEX experienced a  push for the liquidation of short-side positions valued at $15 million. This push emanated from traders de-levering their positions in the last two days following Bitcoin's stagnation. Shifting Focus Mexbt,  a renowned trader, avers that BTC attainment of…

The Bitcoin network is about to experience unprecedented scalability thanks to impending upgrades. Announced last month the Schnorr Signature and Taproot Softfork upgrades are the most ambitious that the decade-old network has undertaken yet. Although initially a pull request, it transformed into a distinctive development when it became a formal proposition for a Bitcoin Improvement Proposal [BIP]. In addition to improving scalability to accommodate the daily users, the upgrade will enhance their privacy. Simple and Efficient The Schnorr signature scheme…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $286 billion. Bitcoin loses momentum and falls below $10,000 Ethereum value remains above the $260 threshold. XRP ends at $0.28 and continues its bullish attempt to get beyond the $0.30 mark Tezos almost breaks the $4 barrier before dropping at $3.51 Binance goes through unexpected maintenance work. Concerns over the coronavirus continue to impact…

Feb. 19 saw Bitcoin register its fifth-largest hourly price drop. From $10,214.98 it fell to $9,573.74. Its price remained hemmed below the $10,000 barrier. The decline was reminiscent of the 2017 one when it had reached its peak. Arcane Research suggests that while BTCs volume has been rising, the spot market price has drastically shifted. Again, the currency attained its peak this year.  Its daily volume moved close to $1 billion. Increasing Trading Volume On CME, the research found out…