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Bitcoin and Altcoins In Corrective Increase But Downtrend Intact


In the past few sessions, there was a downside extension in bitcoin price below the USD 8,250 and USD 8,050 support levels. BTC/USD even tested the USD 8,000 handle and it is currently (09:00 UTC) correcting higher. However, there are many resistances on the upside near USD 8,250 and...

Japan Pushes Cashless Agenda by Rewarding Non-Cash Payments After Tax Hike


Japan’s recent October sales tax increase took the rate from 8% to 10%, the previous such hike occurring in April of 2014, when the rate was raised from 5%. The increase is accompanied this time around by new government policy which rewards cashless payments by allowing merchants to provide...

Instant Crypto Exchange Changelly Secures Access to SLP Tokens


Instant cryptocurrency exchange Changelly will start to use digital asset rates from Bitcoin.com’s trading platform. This will ensure better prices for Changelly users and help increase the reach of all SLP tokens that are exclusively listed on Bitcoin.com Exchange. Also Read: Universal...

Argo Blockchain Intends to Increase the Number of Crypto Mining Machines


The cryptocurrency mining company, Argo blockchain is preparing to raise its production base with the inclusion of over 7000 new crypto mining machines by the mid of next year. Their production capacity will almost treble within the next five months as a result of this business development. The...

Generation QE: How Central Banks Create Money From Thin Air


This year the public has seen a lot of the expansive monetary policy taking place with 37 central banks participating in monetary easing. Unfortunately, most people don’t understand the methods central banks like the Federal Reserve use to increase the money supply and never take the time...

Crypto-Based Commerce Spikes 65% in 7 Months


Commerce fueled by cryptocurrencies has once again started to grow. Data collected by blockchain forensics company Chainalysis shows a significant increase of volume in the first half of the year. The positive change coincided with the remarkable market recovery that followed last year’s...

Bitcoin and Altcoins In Corrective Increase With Downtrend Intact


Yesterday, bitcoin price declined heavily below the USD 7,850 and USD 7,650 support levels. BTC/USD even settled below USD 7,550 and tested the USD 7,300 area. The price is currently (08:00 UTC) correcting higher, but it is likely to face a strong resistance near the USD 7,500 and USD 7,620...

Bitcoin Price, Altcoins Could Attempt Fresh Increase


Recently, bitcoin price managed to recover above the USD 8,000 and USD 8,100 levels. BTC/USD even climbed above the USD 8,200 resistance area, but it seems like the bulls are struggling to gain momentum above the USD 8,250 and USD 8,300 levels. Similarly, ethereum, EOS, bitcoin cash, litecoin...

Bitcoin and Altcoins Start Corrective Increase But Upsides Limited


This past week, bitcoin price remained in a downtrend and broke a few important supports such as USD 8,250, USD 8,200 and USD 8,000. However, the USD 7,850 area acted as a strong support. As a result, the price started an upward move above the USD 8,000 resistance. It gained more than 5% in...

CME Bitcoin Futures Sees Institutional Interest and Demand from Asia


Global markets business CME Group said that institutional interest toward the firm’s Bitcoin futures is thriving and 2019’s third-quarter data showed a record number of open interest. Moreover, despite the lackluster start, the Intercontinental Exchange’s (ICE) Bakkt platform...

Bitcoin and Altcoins in Corrective Increase Towards Hurdles


In the past few hours (08:00 UTC), there was a downside extension in bitcoin price below the USD 8,000 support area. BTC/USD traded close to USD 7,900 and it is currently correcting higher. However, there are many resistances on the upside near USD 8,200 and USD 8,250. Similarly, ethereum,...

The Fed Plans to Inject $60 Billion per Month Into the Economy


On October 11, the U.S. Federal Reserve explained that it would inject more easing into the economy by purchasing Treasury bills at an initial $60 billion per month for the next two months. The purchasing rate could decrease or increase, but the central bank expects the easing plan to last until...

Bitcoin Price Rebounds to USD 8.5K, Altcoins Start Corrective Increase


After a downside extension below USD 8,000 and USD 7,800, bitcoin price found support above USD 7,600. As a result, BTC/USD started an upside correction above the USD 8,000 and USD 8,250 resistance levels. The price gained nearly 8% and tested the USD 8,500 resistance area. Similarly, there was...

Most Top 10 Coins' Trading Volumes Increase; BTC's Drop Further


After the July and August drop in trading volumes for the top 10 coins, some of them have seen an increase in daily average volumes in September. Bitcoin’s (BTC) volumes, however, decreased further. Comparing the total trading volume in June, when bitcoin price jumped above USD 13,000, and that...

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