Cryptocurrency

Tron, a decentralized app platform looking to rival ethereum, has leaped higher over the last 24 hours, adding more than 10% and making the top 10 cryptocurrency worth more than $2 billion in total for the first time since August. The tron price has now passed both litecoin and stellar after a strong few months to take the seventh spot in the rankings of world's biggest cryptocurrencies by market capitalization, according to CoinMarketCap, which tracks most major digital tokens. Tron's recent rally has seen its total value climb above the $2 billion mark. Getty Tron has outperformed both bitcoin and the U.S. dollar over the last month, with its price climbing over 130% since its bull run began in mid-December. Tron is however down by some 90% since its all-time high 12 months ago, which saw it propelled to an eye-watering market capitalization of more than $16 billion by bitcoin and the wider cryptocurrency market's massive 2017 bull run. Tron's recent ...

A recent  report published by Diar indicates that roughly $15.42 billion have been added to cryptocurrency’s overall market cap. The figure is attributed to the creation of new tokens and crypto asset inflation during the year. The report found that the creation of new cryptocurrencies has added over 12% of the current combined cryptocurrency market cap. The largest contributor to this was new token additions, making up over $4.96 billion of the $15.42 billion that was added last year. According to the research, more than 700 cryptocurrencies were added to the market in 2018 – more than existed during 2018 – representing a 50% increase at the start of 2019 vs 2018. Bitcoin was responsible for adding more than $2.62 billion to the total combined crypto market cap – the largest of any single cryptocurrency. Ethereum contributed around $1.55 billion. The inflation of all circulating cryptocurrencies in 2018 added a further $4.17 billion. Stablecoins and the creation of Bitcoin ...

As per a research piece released by LongHash a couple of days back, Bitcoin is still the undisputed alpha of the crypto world. To put things into perspective, the study shows that the premier asset has more active wallet addresses than the next four coins (from the POV of total market cap) behind it. In terms of determining the popularity of a crypto project, LongHash’s research team believes that using the number of ‘active wallet addresses’ associated with an altcoin is a better metric than employing its overall market cap. On the subject, the study notes: “Wallet addresses help measure a cryptocurrency’s ‘foot traffic’. Thus, by looking at the number of unique participants engaging with a cryptocurrency, we can better understand its popularity.” A Closer Look at the Study For their study, the folks over at LongHash took into consideration the wallet activity associated with today’s top 5 digital currencies for a period of seven days. Upon the completion of this timespan, ...

CBOE withdrew the application with the SEC. The market reaction has been muted so far. The cryptocurrency market is nursing losses with Bitcoin and all major altcoins staying in the red zone. The capitalization of digital assets in circulation drifted lower to $119.5B from $120B this time on Wednesday. Meanwhile, CBOE withdrew filed with the SEC request for changes that would allow it to launch Bitcoin ETF. The statement is published on the website of the regulator. The Commission does not explain the reason behind the decision; However, experts believe that CBOE expected an adverse decision  "They haven't given a reason yet, but withdrawal implies that they expected denial & didn't want another SEC order setting a bad precedent for the future, ”Jake Chervinskiy wrote in Twitter. The market reaction to the announcement has been somewhat muted as major coins are still oscillating within the recent ranges. Bitcoin is changing hands at $3,543, down nearly 1%...

Major coins are marginally in green on Friday. The market needs strong catalysts to start moving. The cryptocurrency market is rangebound with early signs of recovery. Bitcoin and major altcoins are mostly in green; however, the upside bias looks unconvincing so far. The total value of the market stays above $120.B after a short-lived dip to $119B on Thursday. While the market is snoozing in tight ranges, investors should be on the alert, as prolonged periods of low volatility are usually followed by strong movements. Bitcoin is changing hands at $3,573, gaining nearly 1% since this time on Thursday. The first digital coin cannot break free from the tight range since the beginning of the week, and there are no signs of the upcoming breakthrough yet.  Still, many experts believe, that Bitcoin’s short-term risks are skewed to the downside. Ripple’s XRP is hampered below $0.3200 XRP/USD is trading at $0.3178 by press time with marginal gains on a day-over-day basis. The secon...

JP Morgan analysts predict Bitcoin to crash further below $1,260. The market turns red and Bitcoin, Ethereum and Ripple’s XRP defend key support levels . The cryptocurrency market is still bleeding even as this week’s trading comes to an end. The European trading hours have witnessed a sudden slight dip as the market is turned in a sea of red. However, according to the data on CoinMarketCap, the market value has remained stable above $119 billion since Monday 21. Bitcoin is still the market leader with a dominance of 52.5% and a market capitalization of $62 billion. Bitcoin price technical picture As reported in an earlier published piece, Analysts from the leading investment bank in the U.S., JP Morgan have predicted that Bitcoin could slump below $1,260 unless a reversal from the current bear trend occurs. Bitcoin is trading at $3,551 at press time and is below both the 50-day Simple Moving Average (SMA) and the 100-day SMA. The slight dip appears to have found support from ...

DUBLIN--(BUSINESS WIRE)--Jan 25, 2019--The “Global Cryptocurrency Market Analysis 2019” report has been added to ResearchAndMarkets.com’s offering. Cryptocurrency is defined as a medium of exchange that is formed and managed through cryptography to safe the transactions, control the configuration of new units, raise the supply, and avoid fraud. Unlike cash, these currencies are purely digital and used in online transitions. Huge remittances in developing countries and expansion in venture capital investments are some of the factors driving the market growth. However, lack of knowledge about the cryptocurrency among people is restraining the market. Based on offering, Hardware segment has a steady growth owing to needed to run and authenticate enormous cryptocurrencies transactions, in turn, creates a need for mining hardware in the cryptocurrency market. Key Questions Answered in this Report: How this market evolved since the year 2016 Market size estimations, forecasts and CAGR...

The cryptocurrency market’s sideways movement has been a cause for concern for investors and users alike. Popular cryptocurrencies like Bitcoin [BTC], XRP and Ethereum [ETH] have all shown similar patterns wherein the bull has emerged as the dominant player. XRP, which has been in the news multiple times due to updates and developments has still not been able to get out of the bear pit. 1 hour: The one-hour graph for XRP shows a significant downtrend that brought the price down from $0.33 to $0.31.  The support has been holding at $0.32 while the resistance is at $0.34. The Chaikin Money Flow indicator has fallen drastically to the bottom of the graph. This is a sign of the capital leaving the market being much higher than the capital coming into the market. Compared to the previous days, the Awesome Oscillator displays a lull. The slowdown indicates that the market momentum is relatively low. 1 day: XRP’s one-day graph displays a prolonged sideways movement that has contin...

Bitcoin and cryptocurrency adoption has failed to meet expectations since the 2017 bitcoin price explosion catapulted the nascent technology into the public consciousness —something that's been partly blamed for the subsequent bitcoin bear market .  Many in the bitcoin and crypto sector expect increased bitcoin adoption , if or when it finally comes, will herald the next crypto bull run — but are waiting on app and retail development . Now, leaked images of the upcoming new Samsung Galaxy S10 suggest the smartphone could aid bitcoin adoption with a built-in cryptocurrency wallet. The bitcoin and cryptocurrency sector has been trapped in a bear market for the past 12 months, with many expecting it to drag on throughout 2019. Getty The leaked images, first reported by Samsung news outlet SamMobile , appear to show  the rumored Samsung Blockchain Keystore cryptocurrency wallet app running on the new Galaxy S10. Ethereum, currently...

The cryptocurrency markets remain unfazed after an ETF withdrawal announcement on Wednesday did little to affect bitcoin’s price. The Cboe BZX exchange has withdrawn a proposed rule change that would have, if approved, paved the way for an ever-elusive bitcoin exchange-traded fund (ETF) backed by VanEck and SolidX. The announcement, however, did little to spur investors into selling, leaving others to speculate that the events of the day were already priced in days before. Daily chart The daily chart shows stagnation for the entire trading session with a small $80 rangebound candlestick providing evidence of little interest in the bitcoin and crypto market in the last 24 hours. Total growing volume has dropped significantly in recent weeks and is typically quite low during unsettled periods.  Low volume also reflects a lack of confidence that usually leads to long periods of consolidation and sideways momentum, similar to the one bitcoin is currently experiencing after a di...

The market returned to the previous ranges after a spike of volatility on Tuesday. Lack of demand caps Bitcoin’s recovery. Despite a sudden outburst of volatility, cryptocurrency market is practically unchanged on a day-over-day basis. The total capitalization of digital assets in circulation amounts to $120.9B against $120B this time on Tuesday. Bitcoin is changing hands at $3,583, having gained 1% in recent 24 hours. The first digital coin tested critical $3,600 on Tuesday, but the barrier proved to be too strong for Bitcoin bull so far. Cryptocurrency experts believe that Bitcoin’s price recovery is limited due to weak demand caused by a strong bearish market in 2018. “Demand remains an Achilles’ heel for all cryptocurrencies because most people have soured on this investment class and have no interest in putting in new money. Every bounce continues to be a selling opportunity,”  Jani Ziedins of the CrackedMarket explains. Ripple’s XRP stays marginally above $0....

The market is hibernating in tight ranges. TRON is the growth leader on Tuesday. Cryptocurrency market is rangebound early on Tuesday. Bitcoin and all major altcoins have stuck in tight ranges after the Sunday collapse. The total capitalization of all digital assets in circulation settled marginally below $120B, down from $124B on the weekend. Bitcoin is changing hands at $3,535, unchanged both on a day-over-day basis and since the beginning of Tuesday trading. Moreover, the first digital coin is locked in a tight range ever since it broke down on Sunday.  A sustainable move below $3,600 handle is still regarded as a prerequisite for an extended recovery.  Ripple’s XRP has settled at $0.3200 handle. Apparently, traders cannot decide where from here. The second largest coin has been rangebound for the last couple of days, moving in sync with the broader market. Ethereum dropped below $118.00, though the downside momentum has faded away. At the time of writing, ETH/IS...

The cryptocurrency market’s volatile nature has been prolonged with a majority of the top coins suffering the same fate. Cryptocurrencies like Bitcoin [BTC], XRP and Ethereum have been going through a mixed phase of bullish and bearish trends, sometimes taking the side of the bull for a longer time. XRP, at the time of writing, had a bearish undertone, which was reflected by most of the other cryptocurrencies too. 1-hour: XRP’s one-hour graph paints the picture of a cryptocurrency undergoing sideways movement as a result of the unmoving market. XRP’s immediate support has been holding at $$0.318 while the resistance is at $0.343. The downtrend brought the prices down from $0.337 to $0.322. The Relative Strength Index shows the graph staying in the middle of the overbought zone and the oversold zone. The hold in the middle is a sign of a relative equilibrium between the buying pressure and the selling pressure. The MACD indicator comprises of the signal line and the MACD line mov...

Markets and Prices The market downturn that has prevailed since early 2018 is now within weeks of becoming the longest winter in the history of the cryptocurrency markets. Despite being on course to become the longest downtrend in BTC’s annals, the current market has produced the weakest drawdown of the three major bear trends experienced by BTC so far. Also Read:  How to Buy Bitcoin Anonymously Cryptocurrency Markets Within One Month of Comprising Longest Downtrend Ever On Jan. 16, 2019, CNBC’s Ran Neuner tweeted that the 2018/2019 bear trend had entered its 390th day – just 30 fewer days than the entirety of the 2014/2015 bear trend, which he estimates lasted 420 days. While the exact length of a bear trend is hard to precisely quantify, the tweet highlights the length and intensity of the prevailing cryptocurrency downtrend. When counting from BTC’s all-time high of approximately $19,700 on Dec. 17, 2017, it has been 401 days since the start of the current downtrend...

The London Stock Exchange today took a major step towards correcting the skewed perception the general public has about the speculative field of cryptocurrencies by agreeing to sell some of its trading technology to a Hong Kong-based digital assets exchange. The deal, made by the London Stock Exchange Group with the fintech company Atom Group for its digital assets exchange AAX comes at a time when genuine concerns about the safety, legality and regulatory environment over cryptocurrencies remain. Under the deal, the LSEG will be equipping AAX with the latest Millennium technology to help match trades on the Hong Kong-based exchange. With this technology, AAX will be able to deliver high performances, even at peak-time trading periods, while also simultaneously giving assurances in the face of rising security concerns. In a statement, Ann Neidenbach, Chief Information Officer, LSEG said, “We are delighted to have been selected by Atom to provide a best-in-class technology solutio...

The authorities are concerned that digital assets are used in criminal activity. Cryptocurrency community says the ban will do more ham than good. The Netherlands authorities are actively looking for effective ways to ban anonymous cryptocurrency transactions. Namely, they want to force cryptocurrency exchanges and crypto wallet service providers to obtain licenses.  The Authority for the  Financial Markets (AFM) and  De Nederlandsche Bank (DNB) lodged a recommendation with the minister of finance Wopke Hoekstra to bring in a licensing system for cryptocurrency-related companies. The Minister supported the idea and said that he would follow the recommendation right away, according to the local media outlet NOS. It Is worth noting that in December 2017 Mr. Hoekstra openly called for obligatory licensing for cryptocurrency trading platforms and wallet services. However, the interest in digital assets subsided amid bearish market, making hash steps less urgent. ...

The market ignores positive fundamentals and focuses on bad news. All digital coins are nursing losses on a day-over-day basis. Cryptocurrency market is a mixed picture with Bitcoin and all major altcoins struggling to recover after a deep collapse on Sunday. The total capitalization of all digital assets in circulation ha settled marginally above $120B, down from $124B the day before. It seems that the market has a hard time fighting the bearish trend. Negative news like Constantinople delay and Cryptopia theft spoiled the sentiments and killed the nascent recovery as traders chose to ignore positive developments. Thus, the previous week brought us some good news. US citizens now can shop for Bitcoins in Coinstar kiosks , which makes the cryptocurrency more accessible and helps to attention to digital money. Also, cryptocurrency trading platforms reported positive growth of users and transactions volume despite the bearish sentiments on the market. Meanwhile, Grayscale Inves...