Bitcoin Volume at $6.4 Billion, Up 2x Since Last Week as Crypto Market Surges

The volume of bitcoin, the most dominant cryptocurrency in the global market, has risen by two-fold in the past week, supporting the recent mini bull rally of the crypto market. Last week, CCN noted that the low volume of bitcoin is a concern for the short-term trend of the market. For instance, on July 9, the volume of bitcoin was lower than that of Tether (USDT), a widely traded stablecoin whose value is equivalent to the value of the US dollar. Less than seven days ago, the volume of BTC…

Bitcoin Price Watch: BTC/USD Poised for More Gains

Key Points Bitcoin price surged and broke the $6,800 and $7,200 resistance levels against the US Dollar. There is a short-term ascending channel forming with support at $7,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The BTC/USD pair is currently consolidating gains near $7,500 and it is poised to extend upsides. Bitcoin price climbed above the $7,500 level against the US Dollar. BTC/USD may correct a few points, but it remains in an uptrend above $7,120. Bitcoin Price Analysis Bitcoin price traded further higher and…

Cardano Price Analysis: ADA/USD Surging Towards $0.20

Key Highlights ADA price climbed higher and broke the $0.1500 and $0.1700 resistance levels against the US Dollar (tethered). There is a crucial bullish trend line in place with support at $0.1600 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair may perhaps continue to move higher and it could revisit the $0.2000 resistance zone. Cardano price is surging against the US Dollar, Ethereum and Bitcoin. ADA/USD remains in a solid uptrend and it might accelerate further higher. Cardano Price Analysis After a minor dip,…

Ripple Price Analysis: XRP/USD Accelerating Above $0.5200

Key Highlights Ripple price rocketed higher and broke the $0.5000 and $0.5200 resistance levels against the US dollar. There is a major bullish trend line in place with support at $0.4920 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting lower, but it remains supported near $0.5100 and $0.5000. Ripple price broke key resistances against the US Dollar and Bitcoin. XRP/USD is now placed in a bullish trend with supports above $0.5000. Ripple Price Trend There was a sharp upside move in…

Ethereum Price Analysis: ETH/USD Surging Above $500

Key Highlights ETH price surged higher and cleared a few important resistances near $500 against the US Dollar. Yesterday’s highlighted important bullish trend line is active with support at $480 on the hourly chart of ETH/USD (data feed via Kraken). The pair is placed nicely above the $500 level and it is likely to accelerate higher in the near term. Ethereum price is gaining momentum against the US Dollar and Bitcoin. ETH/USD is surging and it could soon break the $525 level for more upsides. Ethereum Price Trend Yesterday, there…

Bitcoin Cash (BCH) Price Watch: Ready for Uptrend Confirmation?

Bitcoin Cash Price Key Highlights Bitcoin Cash also formed a double bottom reversal pattern and appears to be inching past the neckline. In that case, this could confirm that bulls are back in the game and ready to take price much higher from here. Technical indicators are still reflecting the presence of bearish pressure, though. Bitcoin Cash is attempting to break past the neckline of its reversal pattern to signal that an uptrend is in the cards. Technical Indicators Signals The 100 SMA is still below the longer-term 200 SMA…

Bitcoin (BTC) Price Watch: Bullish Pattern Confirmation!

Bitcoin Price Key Highlights Bitcoin price finally broke above the neckline of its inverse head and shoulders pattern to signal that a rally is underway. The chart pattern is around $1,000 tall so the uptrend has room to go, but a pullback might take place. Technical indicators are showing mixed signals while sentiment favors more bitcoin price gains. Bitcoin price made a strong upside break from the neckline of its inverse head and shoulders pattern. Technical Indicators Signals The 100 SMA just crossed above the longer-term 200 SMA to indicate…

Bitcoin Cash Price Analysis: BCH/USD Could Test $900

Key Points Bitcoin cash price surged higher and broke a major resistance near $850 against the US Dollar. Yesterday’s highlighted key bullish trend line is intact with support near $810 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to accelerate gains above the $875 level and it could test $900 in the near term. Bitcoin cash price rocketed higher and broke the $850 barrier against the US Dollar. BCH/USD remains in a major uptrend and it could test $900. Bitcoin Cash Price…

XRP Technical Analysis

On a weekly basis, XRP is up 14 percent as buyers continue to reverse their two month losses and syncing with April’s rally. As it is, buyers are in charge and poised to gain more thanks to the resurgent ETH and Bitcoin hauling prices from key support line. From the News For once, put aside the drama, the divorce case between Ripple the company and XRP created by Ripple Labs and focus on the real deal: The value proposition that you the investor will directly benefit from. It’s what makes…

Cryptocurrency Market Booms – EOS, Cardano, Stellar and Neo Post Big Gains

The cryptocurrency markets finally appear to be in full recovery mode — at least as of Tuesday afternoon when all the major coins posted considerable leaps with most in the double digits. The total market cap shot up to $291 billion, which is the highest it has been in almost two months. Bitcoin shot upwards in a considerable trajectory, gaining the $7,400 mark in just under an hour. At around 6pm CET, the currency was over the $7,000 level, having traded in the $6,650-6,750 mark for most of the day.…