‘Decent Probability’ Bitcoin Price Goes to Zero: Vanguard Economist

Join our community of 10 000 traders on Hacked.com for just $39 per month. An economist at one of the world’s largest asset managers believes there is a “decent probability” that the bitcoin price will eventually crash to zero. Joe Davis, the chief economist for $5.1 trillion asset manager Vanguard, wrote in an ETF.com op-ed that although the firm is enthusiastic about blockchain technology in general, it does not believe cryptocurrencies constitute a viable use case.” “I’m enthusiastic about the blockchain technology that makes bitcoin possible. In fact, Vanguard is…

Tron Price Surges 11 Percent Ahead of Mainnet Launch

Join our community of 10 000 traders on Hacked.com for just $39 per month. The Tron price posted a double-digit percentage rally on Monday, as the much-hyped project moved within 10 days of its official mainnet launch. Tron Price Posts Double-Digit Rally The TRX token had entered the day trading close to $0.0685 on Bitfinex, after which it began a steady rally that quickly carried it past the $0.07 and $0.08 thresholds in quick succession. At one point, the Tron price rose as high as $0.084, though it has since…

Bitcoin Bull Tom Lee Sticks to Strong Forecast Despite Failed Prediction

Join our community of 10 000 traders on Hacked.com for just $39 per month. Widely followed cryptocurrency analyst Thomas Lee’s short-term market forecast may not have materialized, but he’s sticking with his bullish long-term prediction despite the setback. If anything, Fundstrat Global Advisors’ Lee is digging in his heels even further, reportedly reiterating his forecast for a $25,000 BTC price by year-end. What Happened Lee placed a great deal of stock in last week’s Consensus conference, having said that a combination of a “sanity check” among market participants that innovation on the…

Bitcoin Price Watch: BTC/USD’s Bullish Scenario

Key Points Bitcoin price moved higher and broke the $8,300 resistance level against the US Dollar. There is a significant ascending channel formed with support at $8,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to accelerate gains above $8,650 if it continues to follow the ascending channel. Bitcoin price is trading with a positive bias above $8,400 against the US Dollar. BTC/USD could extend the current move above the $8.650 and $8,800 resistance levels. Bitcoin Price Analysis (BTC/USD) After a spike…

Cardano Price Analysis: ADA/USD Bullish Above $0.2500

Key Highlights ADA price started an upside move and traded above the $0.2500 resistance against the US Dollar (tethered). There is a major bullish trend line formed with support at $0.2480 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair remains well supported for more gains above the $0.2480 and $0.2500 levels. Cardano price is gaining bullish momentum against the US Dollar and Bitcoin. ADA/USD may continue to rise as long as it is above the $0.2480-0.2500 support zone. Cardano Price Analysis After a major…

Ripple Price Analysis: XRP/USD Could Extend Upsides

Key Highlights Ripple price is slowly on the move and is currently trading above the $0.6800 resistance against the US dollar. There is a crucial ascending channel forming with support at $0.6850 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently placed nicely in an uptrend and it could extend gains above $0.7100 in the near term. Ripple price is moving nicely in a positive zone against the US Dollar and Bitcoin. XRP/USD may well rise further above $0.7100 and towards $0.7400. Ripple…

Crypto Market Rebounds After Poor Week

Join our community of 10 000 traders on Hacked.com for just $39 per month. On previous reports, CCN noted that the $8,200 resistance level is an important threshold to observe given that a drop below the $8,200 mark could lead the bitcoin price back to the $7,900 region. Over the past 24 hours, the cryptocurrency market has rebounded as the bitcoin price reached $8,500 and tokens such as Tron (TRX), AirSwap (AST) and Ontology (ONT) recorded gains in the 10 to 20 percent range. Ontology, Tron, AirSwap The majority of…

Ethereum Price Analysis: Can ETH/USD Continue Higher?

Key Highlights ETH price gained traction and moved above the $690 and $700 resistance levels against the US Dollar. There is a key connecting bullish trend line formed with support at $704 on the hourly chart of ETH/USD (data feed via Kraken). The pair has to stay above the $704 support and the 100 hourly simple moving average to move higher. Ethereum price is back in a positive zone against the US Dollar and Bitcoin. ETH/USD has to remain above the 100 hourly SMA to extend gains above $715. Ethereum…

Asian Cryptocurrency Trading Update: Tron Trounces Other Altcoins, Surpasses Iota

Another Monday morning in crypto land brings us a little more hope as markets are once again climbing back towards $400 billion. Bullish technical signals are aplenty and Bitcoin is currently 2.9% up on the day at $8,500. The weekend has been flat with no news or momentum in either direction. Altcoins are pretty much all in the green this morning making steady gains. The altcoin everybody loves to hate is shooting off again this morning, Tron. Take a look at any social media crypto group and you’ll see posts…

Bitcoin Cash Price Analysis: Can BCH/USD Hold Gains?

Key Points Bitcoin cash price recovered and managed to move above the $1,250 resistance against the US Dollar. There is a key bullish trend line forming with support at $1,255 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may continue to rise, but it could correct lower to test the $1,240-50 support area. Bitcoin cash price is showing a few positive signs above $1,250 against the US Dollar. BCH/USD is currently correcting lower and it remains supported above $1,240. Bitcoin Cash Price Support After…