Blockchain

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Mining commissions are not a static value. They increase based on the demand that Bitcoin has when you make your movements.

Under the given conditions, Bitcoin continues gaining traction, therefore, Google, Apple, and Facebook need to find new revenue streams. 

On Monday, April 20, 2020, Bitcoin (BTC) price dropped below $7,000. The fall comes amid coronavirus pandemic as findings by new research shows that clear regulation has a direct effect on Bitcoin price volatility.

We are now one step closer to the launch of the latest version of Ethereum, ETH 2.0, that is expected to be faster and more scalable than the existing network.

With Bitcoin halving set to take place on May 12 and 22 days left, institutional investors are catching the fever and can’t help taking advantage of the crypto asset’s huge opportunities.

DForce DeFi Protocol was recently hacked and up to $25 million of customers’ crypto in Bitcoin and Ethereum was lost due to an entirely-known exploit that exists on an ETH token.

Binance CEO Changpeng Zhao hit IPOs and venture capital financing. But he was quite optimistic about the evolution of blockchain technology.

Blockchain is a public ledger of all Bitcoin transactions that have ever been executed. It’s constantly growing as ‘completed’ blocks are added to it with a new set of recordings. The blocks are added to the blockchain in a linear, chronological order.

Click to see more

Source: www.coinspeaker.com

Author: Julia Sakovich


Cryptocurrency Price Analysis: Bitcoin, Ethereum, Ripple, and ChainLink - Where Are They Heading?

Cryptocurrency Price Analysis: Bitcoin, Ethereum, Ripple, and ChainLink – Where Are They Heading?

  • Bitcoin saw a 2.44% price fall today as it straddles the $6,850 support.
  • Ethereum dropped by a total of 4% as it drops into $170.
  • Ripple fell by a total of 2.5% as it drops into $0.18.
  • ChainLink dropped by 4.2% as it reaches support at $3.40.
  • BTC/USD – Daily CHART – SHORT TERM

    Bitcoin has seen an interesting week of trading as it rebounded from the support at $6,600 last week. The support here was provided by a rising trend line and was bolstered by a .236 Fib Retracement level. After rebounding, it went on to break above $7,000 but fell short at $7,200 this weekend which caused the coin to roll over again.

    The cryptocurrency has since dropped beneath $7,000 and is now trading back at the support provided by the rising trend line.

    Bitcoin is considered neutral at the moment, however, if it drops beneath the support line and falls below $6,600, the market would be considered as bearish in the short term.

    Looking ahead, if the sellers push beneath $6,650, the first level of support lies at $6,612 (.236 Fib Retracement). Beneath this, support lies at $6,400, $6,200, and $6,085 (.382 Fib Retracement). 

    On the other side, if the buyers step in and push higher, the first level of resistance lies at $7,000. Above this, resistance lies at $7,174 (bearish .618 Fib Retracement), $7,200, and $7,400. If the bulls can break $7,400, higher resistance lies at $7,676 (1.618 Fib Extension), and $8,000 (bearish .786 Fib Retracement).

    The RSI is trading beneath the 50 line which indicates weak bearish momentum. If it continues to drop further beneath 50, we can expect Bitcoin to drop beneath $6,600.

    ETH/USD – Daily CHART – SHORT TERM

    Ethereum managed to increase as high as $191 this week where it met resistance at a bearish .618 Fibonacci Retracement level. More specifically, it was unable to break above resistance at $187 (1.618 Fibonacci Extension level). It rolled over from here to drop into support at $170.

    Etheruem is bullish right now after creating a fresh high for April. However, if it continues to fall and drops beneath $160 it would be considered neutral with a further drop beneath $150 turning the market bearish.

    The first level of support lies at $167 (.236 Fib Retracement). Beneath this, support lies at $160, $152 (.382 Fib Retracement), and $140 (.5 Fib Retracement).

    On the other side, if the bulls push higher, the first level of resistance lies at $176 (1.414 Fib Extension). Above this, resistance lies at $187 (1.618 Fib Extension), $191 (bearish .618 Fib Retracement), and $200.

    The RSI is above 50 to show that the bulls are not willing to give up control of the market momentum which is a good sign for ETH.

    XRP/USD – Daily CHART – SHORT TERM

    XRP rebounded from support at the rising trend line last week which allowed it to climb as high as $0.196 this weekend. However, we can see that it rolled over from here as it drops back into the support at $0.18 which is further bolstered by the rising support trend line.

    XRP remains neutral at this moment in time, however, if it was to break beneath $0.18 we could consider the market as bearish.

    Beneath $0.18, the first level of support lies at $0.17 (.382 Fib Retracement). Beneath this, support lies at $0.159 (.5 Fib Retracement), $0.147 (.618 Fib Retracement), and $0.14.

    On the other side, resistance is located at $0.19, $0.196, and $0.20. Above $0.20, higher resistance is found at $0.211, $0.22, and $0.229 (bearish .5 Fib Retracement).

    LINK/USD – Daily CHART – SHORT TERM

    ChainLink has been on an absolute surge during April as it manages to rise toward the $3.70 level. It has since dropped lower but has managed to find support at $3.40, where lies the .236 Fibonacci Retracement level. 

    ChainLink remains bullish right now but must break $3.70 to continue this bull run. A break beneath $3.40 would turn it neutral with a further drop beneath $3.00 turning it bearish.

    If the sellers break $3.40, support can be found at $3.20 and $3.13 (.382 Fib Retracement). Beneath this, support lies at $3.00, $2.91 (.5 Fib Retracement), and $2.69 (.618 Fib Retracement).

    On the other hand, the first level of resistance lies at $3.66 and $3.70. Above this, resistance lies at $3.80, $4.00, and $4.13 (1.272 Fib Extension level). Additional resistance lies at $4.38 (1.414 Fib Extension) and $4.50.

    The RSI is well above 50 to indicate the bulls dominate the market momentum.

    Summary

    Market Update: Bitcoin, Ethereum, Ripple, and ChainLink - Where Are They Heading?

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    Source: coingape.com


    TOP 3 Price Prediction: BTC, ETH, XRP — Global Tensions Cause Bearish Mood

    TOP 3 Price Prediction: BTC, ETH, XRP — Global Tensions Cause Bearish Mood

    Denys Serhiichuk

    Has the short-term bearish cycle of Bitcoin (BTC), Ethereum (ETH), and XRP begun?

    The negative mood on the traditional market has affected the cryptocurrency industry as bearish sentiments have returned. All assets are in the red zone, while the top gainer is Binance Coin (BNB). Its rate has dropped by almost 5%.

    The key data for Bitcoin (BTC), Ethereum ETH), and XRP is below.

    Name

    Ticker

    Market Cap

    Price 

    Volume (24h)

    Change (24h)

    Bitcoin

    BTC

    $125 498 558 688

    $6 843.82

    $36 506 948 061

    -2.33%

    Ethereum

    ETH

    $18 949 188 194

    $171.32

    $19 625 654 880

    -3.48%

    XRP

    XRP

    $8 100 016 141

    $0.183717

    $2 131 137 018

    -2.28%

    BTC/USD

    On the daily chart, the bearish short-term mood is becoming more and more visible as trading volume keeps dropping.

    What is more, the candles have long wicks, which is a signal of an upcoming sharp price decrease. In this case, traders can expect the main crypto to trade at the closest support at $6,400 soon.

    Bitcoin is trading at $6,831 at press time.

    ETH/USD

    Ethereum is more affected by the market mood. Respectively, its rate is dropping faster than Bitcoin. The decline over the past day has amounted to 3.59%.

    Ethereum (ETH) is moving to the nearest important zone at $160 where most of the liquidity is concentrated. In case the chief altcoin touches this area, it will retest the lower bottom of the rising channel. The aforementioned level might be reached by the end of the current week.

    Ethereum is trading at $170.58 at press time. 

    XRP/USD

    XRP is doing much better than Bitcoin (BTC) and Ethereum (ETH). Its rate has declined by only 2.88% over the past day.

    Currently, XRP is trading within a sideways range between the resistance at $0.1968 and the support at $0.1771. Most likely, traders can expect a move to the support line soon. If XRP breaks passed it and holds below it, the next vital zone is $0.17.

    XRP is trading at $0.1829 at press time.

    Source: u.today

    Author: Tue, 04/21/2020 – 14:07


    Bitcoin, Ethereum & Litecoin - American Wrap: 4/21/2020

    Bitcoin, Ethereum & Litecoin – American Wrap: 4/21/2020

    Today bitcoin is trading just above flat as the bulls manage to stem the losses seen on Monday’s session. Now the chart structure looks pretty bearish as the market has made a lower high but the orange support zone close to the 38.2% Fib zone would need to be broken to complete the bearish picture. If broken that would make a lower high lower low wave pattern. 

    Ethereum price is trading in the green by 0.40% in the session on Tuesday. 

    ETH/USD is running at two consecutive sessions in the red, after $190 rejection. 

    Price action remains within the confinements of a bearish flag structure. 

    Litecoin price is trading in positive territory by 0.50 % in the session on Tuesday. 

    LTC/USD at risk of another fall, following critical flag breach. 

    The price breached the noted daily flag and has retested, leaving the door open to the bears. 

    Image sourced by Pixabay

    Source: www.benzinga.com

    Author: FXStreet , Benzinga Contributor

     

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