Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 17

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Mt.Gox, the bankrupt Bitcoin exchange that collapsed in 2014, is soon expected to distribute $1 billion worth of cryptocurrencies to thousands of its creditors. As it has been a long wait, some might offload their bitcoins as soon as they receive them. Can…

Digital Currency Will ‘Soon Replace’ Cash Despite Hurdles

A senior Dubai law enforcement official has predicted that digital currency will “soon” usurp cash, local news outlet Khaleej Times reported Sunday, September 16. Speaking during a panel he was heading, Lt-Gen Dhahi Khalfan Tamim, deputy chairman of the Dubai Police and head of general security in Dubai, said that hurdles to digital currency becoming mainstream remained in lack of public awareness and insufficient crime prevention tactics. “…Faith in digital currencies will always be questioned as long as its source and tracking system remain unknown,” the Times paraphrases Tamim. Dubai…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 14

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Mike Novogratz, founder and CEO of crypto investment firm Galaxy Digital Capital Management, called a bottom in cryptocurrencies on September 13, while conversely the Chief Commercial Officer of BitPay, Sonny Singh believes that Bitcoin will resurge in 2019 but that altcoins “will never come…

‘No Plans’ for Digital Currency, Cash Demand Growing

The European Central Bank (ECB) has “no plans” to issue its own digital currency, President Mario Draghi told the European Parliament Wednesday, September 12. Addressing a query by MEP Jonás Fernández, Draghi said “substantial development” was still needed in the underlying technology behind cryptocurrencies before the Central Bank would consider using them. “The ECB and the Eurosystem currently have no plans to issue a central bank digital currency,” he summarized: “Nonetheless, we are carefully analysing the potential consequences of issuing such a currency as a complement to cash.” Explaining why…

Bitcoin Cash Price Analysis: BCH/USD Could Recover Towards $500

Key Points Bitcoin cash price started an upside correction and moved above the $450 resistance against the US Dollar. There was a break above this week’s followed key bearish trend line near $445 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair climbed above the $450 and $460 levels and it may continue to trade higher towards $500. Bitcoin cash price recovered nicely from the $410 low against the US Dollar. BCH/USD is likely to recover further towards the $480 and $500 levels. Bitcoin Cash…

Bitcoin Cash Price Analysis: BCH/USD Facing Key Resistance Near $450

Key Points Bitcoin cash price traded to a new low at $410 before starting a recovery against the US Dollar. This week’s highlighted important bearish trend line could stop upsides near $450 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is recovering, but it is about to face major hurdles near the $440 and $450 resistance levels. Bitcoin cash price traded towards the $400 support against the US Dollar. BCH/USD is currently correcting higher, but it could face resistance near $450. Bitcoin Cash Price…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 12

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Financial regulators are watching companies involved in the cryptocurrency industry with increasing scrutiny. On September 11, the U.S. Securities and Exchange Commission (SEC) penalized a crypto hedge fund for the first time, while the Financial Industry Regulatory Authority (FINRA) charged broker Timothy Ayre…

Bitcoin Cash Find Temporary Support

A week over week 20 percent drop of Bitcoin Cash (BCH) prices was enough to set the tone for week. From the chart, it’s obvious that the trend is bearish with prices trading within a bear break out strategy set in motion in early August. Going forward, we suggest selling on every high until after a firm bullish reversal pattern prints. From the News There are four main elements of a “proper” cryptocurrency. They include the ability to fix supply, transaction immutability, censorship resistance and though an external factor, the…

Bitcoin Cash Price Analysis: BCH/USD Extending Losses Below $450

Key Points Bitcoin cash price declined further and broke the $460 and $450 support levels against the US Dollar. This week’s followed major bearish trend line is still in place with resistance near $460 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair remains in a downtrend and it seems like it could continue to move down towards $400. Bitcoin cash price is under pressure as it broke the $450 support against the US Dollar. BCH/USD is likely to extend losses towards $410 and $400…

Bitcoin Cash Price Analysis: BCH/USD Could Recover To $500

Key Points Bitcoin cash price is holding the $460 support very well against the US Dollar. Yesterday’s highlighted key bearish trend line is still active with resistance near $475 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair could move higher in the short term towards the $495 and $500 resistance levels. Bitcoin cash price is trading above the recent low against the US Dollar. BCH/USD is likely to recover a few points towards $500 in the near term. Bitcoin Cash Price Support Yesterday, there…