Latest Bitcoin Cash price and analysis (BCH to USD) - Yahoo Finance

Latest Bitcoin Cash price and analysis (BCH to USD) - Yahoo Finance
XRP Receives Australian Love as Market Volume Overtakes Bitcoin’s - TWJ News
One of world’s most popular crypto exchanges to open in Australia - Micky News

Posted: 25 Feb 2020 09:53 AM PST

Bitcoin Cash remains on the brink of a major correction after suffering a 26% decline over the past 11 days.

It is now hovering above the $360 level of support despite momentarily rallying to around $400 on Monday.

The lack of positivity from a technical perspective is in stark contrast to that of Ethereum which remains in a bullish posture with daily candles consistently closing above the $257 level of support.

A break down in price from $360 will see Bitcoin Cash test the 100 exponential moving average (EMA) at $327 with potential that it may slide all the way down to the 200 EMA $307.

In order to invalidate the current bearish bias it needs to rally and close daily candles above the $418 level of resistance, failure to do this would add momentum to a further swing to the downside.

In spite of the coming weeks looking bleak for Bitcoin Cash, it is still 88% up since the turn of the year when it was trading below the $200 mark.

The rise in price can be attributed to a unified softening of views towards cryptocurrencies in light of increased institutional investment and mounting anticipation surrounding Bitcoin's halving in May.

The Bitcoin halving will see miner rewards slashed from 12.5BTC to 6.25BTC per block, which has historically caused a surge in the price of all cryptocurrencies as the notion of digital scarcity comes into effect.

With less supply the market price will naturally increase. This should, in turn, drive potential demand to increase the likelihood of a rally.

For more news, guides and cryptocurrency analysis, click here.

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Current live BCH pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest BCH price. Pricing is also available in a range of different currency equivalents:

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About Bitcoin Cash

Bitcoin Cash was born out of the idea of making Bitcoin more practical for small, day-to-day payments. In May 2017, Bitcoin payments took about four days unless a fee was paid, which was proportionately too large for small transactions. A change to the code was implemented and Bitcoin Cash was born on 1st August 2017.

More Bitcoin Cash news and information

If you want to find out more information about Bitcoin Cash or cryptocurrencies in general, then use the search box at the top of this page. Here's an article to get you started:

https://coinrivet.com/roger-ver-to-launch-crypto-exchange-on-bitcoin-com/

As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.

You may be interested in our range of cryptocurrency guides along with the latest cryptocurrency news.

The post Latest Bitcoin Cash price and analysis (BCH to USD) appeared first on Coin Rivet.

XRP Receives Australian Love as Market Volume Overtakes Bitcoin’s - TWJ News

Posted: 17 Feb 2020 06:26 PM PST

The latest bull rise in the market has caused a substantial increase in prices with several cryptocurrencies climbing in value. Apart from the price, other factors such as market cap and 24-hour market volumes have also taken a bullish tangent.

XRP enthusiasts would have been enthused over the weekend when they discovered that the cryptocurrency's volume was 4 times higher than that of Bitcoin on BTCmarkets, a popular Australian cryptocurrency exchange.

Market volumes have usually been considered a key metric in judging the performance of a cryptocurrency. In the wake of this, several enthusiasts made it a point to clock the volumes during peak bullish hours. On February 16, it was spotted that XRP's volume had trumped that of Bitcoin's to reach 7.244 million AUD on BTC Markets.

At the same time, Bitcoin's volume on the Australian exchange was 1.772 million AUD after a 2.11 percent drop in value. Ethereum came in third place with a total market volume of 999.567 million AUD. Smaller cryptocurrencies such as POWR had also jumped on the list to overtake bigshots such as Litecoin, Bitcoin SV and Bitcoin Cash.

POWR had witnessed a 14.67 percent surge in price which also caused its market volume to rise to $477.768 million. Many members of the cryptocurrency community have come forth and commented on the volume spike because of it affects the trading markets. It is also a known fact that BTC Markets is one of Ripple's ODL exchange partners.

BTC Markets successfully partnered with RIpple for the On-Demand Liquidity platform in Australia which leverages XRP. The third-largest cryptocurrency in the market was set to act as a bridge currency to eliminate the need for pre-funding in cross border payments. The organization had also announced a new CEO Caroline Bowler three weeks ago to set higher goals for the exchange that trades crypto worth $8 billion. She had said:

"Our clients are assured by our complimentary asset protection fund, safe in the knowledge their crypto assets are secure. Our on-going priority is to look after the interests of our loyal customer base with continuous innovation and valued partnerships. My experience will drive our strategic direction, and ultimately our growth strategy for Australia and beyond. I look forward to working with industry stakeholders as we continue our key role, leading Australia towards a digital economy."

XRP, in general, has had a rollercoaster ride over the past few weeks. The cryptocurrency was now trading for $0.28 with a total market cap of $12.42 billion. XRP's total 24-hour market volume was $43.71 billion after a 4.08 percent price increase in the last 7 days.

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One of world’s most popular crypto exchanges to open in Australia - Micky News

Posted: 31 Jan 2020 12:00 AM PST

The fifth biggest exchange in the world by liquidity is setting up shop in Australia, offering hopes of many more AUD pairs.

One of the world's most popular exchanges, Kraken, is headed down under.

Measured by liquidity – CoinMarketCap's new metric to 'derank' wash trading exchanges – Kraken is only just behind HitBTC, Bitfinex, Binance and Huobi.

Measured by reported volume though, it's at No.62.

Kraken is making the move by acquiring one of Australia's longest running cryptocurrency services Bit Trade.

Kraken offers 32 cryptocurrencies

Bit Trade currently offers Bitcoin, XRP, Ether, Litecoin, Bitcoin Cash and Stellar Lumens currently, but there are hopes the acquisition will lead to additional pairs as Kraken has 32 cryptocurrencies on its books

Kraken has taken onboard the entire Bit Trade team including managing director Jonathon Miller.

Bit Trade was established in 2013 by Ronald M Tucker and is one of the founding members of the Australian Digital Commerce Association, now known as Blockchain Australia.

Bit Trade bills itself as a multi exchange aggregator that takes the order books from multiple exchanges and combines them into one stream to offer the best prices.

Kraken's announcement says it aims to become "the premier crypto service in Australia with the best AUD liquidity, trading experience, and support for both institutional and retail clients."

Kraken recently acquired the Circle Trade desk (one of five recent acquisitions) and said it will offer one of the largest OTC trading desks in the country for institutions and wealthy clients to buy large amounts without slippage.

Kraken acquisition 'crowning achievement' for MD

Co-founder Jonathon Miller told the Kraken blog that Bit Trade was founded shortly before Mt Gox collapsed.

"In 2013, it became apparent quickly that there was no strong, local market for cryptocurrency – the only option was to send cash offshore and deal with risky foreign exchanges.

"A lot of us were victimized by the collapse of Mt. Gox. We launched Bit Trade to make the process easier, safer and cheaper for investors and other interested parties," he said.

"It has been a wild journey, but it is fair to say that our crowning achievement is our most recent acquisition by Kraken, a brand and product we have long admired."

Miller said Kraken was one of the most trusted exchanges in the space.

"This is a crucial point, as there remain several bad actors in the industry, and it is important to build trust among clients and regulators alike.

"We are incredibly excited at the prospect of helping Kraken grow its presence in APAC and helping service the growing demand globally for institutional-grade cryptocurrency platforms and services."

Micky readers - you can get a 10% discount on trading fees on FTX and Binance when you sign up using the links above.

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