BTC

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 $197 billion. ● Bitcoin price remains captive between the $7,000 and $7,500 marks. ● Ethereum moves slightly above the $130 barrier. ● Ripple ends the year disappointingly under the $0.20 threshold. ● YouTube flags and deletes cryptocurrency-related videos Crypto Trends 23-29th of December 2019: PERFORMANCE & ANALYSIS The last week of 2019 does…

The ministry of power in India is offering blockchain training across various cities in the country, with its government’s permission. People will learn about blockchain technology, its applications, smart contracts, cryptocurrencies, and mining. The ministry arranged a program known as Blockchain Technology, which will hold at various NPTI locations. Three of the training will happen in January, February, and March in Nangal, New Delhi, and Shivpuri. The NPTI is in charge of the program, and the All India Council for…

At the start of December 2019, the one week chart of Bitcoin revealed an outrageous bullish sign. That is, the 50-week SMA crossed the 100-week SMA, known as a Golden Cross. A golden cross means that buyers are in charge. The same golden cross signal appeared before the over 1000 % upsurge that ensued between 2016 and 2017. Despite the long-term bullish signal, some renowned analysts highlighted BTC’s susceptibility to a last move to the downside before an ultimate return…

Currently, Bitcoin’s price seems to be trading within the $ 7000 range. Further, the performance of altcoins is quite bearish in the previous few weeks. Some of the altcoins are moving towards the support levels attained in November 2018 before reversal. As for the performance of XRP, its price is under $ 0.2, which is a two-year low. The price was 92% lower than its high in December 2017. Meanwhile, ETH, LTC, and BCH are close to last year’s November…

The cryptocurrency industry is experiencing challenges from governments and regulators. A renowned internet entrepreneur, Kim Dotcom, recently forecasted a massive crackdown within the United States cryptocurrency industry. Dotcom warned that cryptocurrency might become illegal in the US. The regulatory agencies in the US are keeping a close leash on the cryptocurrency industry in the country. However, Bitcoin, to be specific, is facing the most scrutiny than praise in the country. Kim Dotcom is the founder of Megaupload and hugely supports…

BitMEX is among the leading crypto exchanges in daily trading volume. Nonetheless, the amount of Bitcoin on the exchange is 0.18% of the coins in circulation. On the 26th of December, James Lopp tweeted about the exchange’s dedicated insurance fund’s upsurge by 62% this year. The exchange’s insurance fund’s historical records show that it was 20,776 Bitcoin on the 1st of January and 33 449 on the 26th of December. As of the time of writing, the value is close…

The performance of BTC has been bullish for some period before now. Nevertheless, each time it surges to the upside, it experiences a powerful rejection and leads to a total correction of its gains. It happened some hours ago as its price attained highs around $7.5k but could not continue to the upside. It was rejected and may have initiated a notable fall. According to analysts at the moment, it is possible for BTC to fall back towards $7k before…

Okex platform recently expanded derivative trading. The announcement made by the exchange maintained that it is launching a test on Bitcoin futures. Okex is a renowned exchange, which currently very active in future trading, and therefore the leading Bitcoin futures operations. Options carry higher risks, but enable bitcoin trading, on the basis of predictions. At the moment, predictive markets are becoming speedy, as anticipations tend to become further crucial even than real activity on the spot market. Additionally, Bakkt exchange…

The BTC/USD pair is struggling to stay above the support at $7.12k and $7k. The price needs to recover over $7.24k and $7.4k if it does not experience a remarkable fall. In the past three days, the BTC/USD pair’s price steadily moved to the downside, from resistance at $7.7k. The pair’s price further moved to the downside by breaking critical supports at $7.4k and $7.3k. It established a level under $7.3k as well as the 100 hourly SMA. The price…