For many in the cryptocurrency space, a safe-haven is an egregious word. To be a safe-haven would imply that Bitcoin is not the only haven, to be a safe-haven would imply that Bitcoin is an unlikely option in a testing time, and would mean Bitcoin is still an outlier. No no, there is no place for safe haven in Bitcoins ascendance to becoming the only medium of exchange andstore of value, but contrary to the larger claim, Bitcoin in the here and now is a safe-haven.

Traditional safe-havens, for the global market, are broadly the US dollar and gold, with Bitcoin the clear outsider in the space. However, if you were to look at the way these three respective leaders of their own asset-classes played out, amid cash-hoarding fears, followed by liquidity flooded hope, there is a similarity between them.

Indeed, this similarity was brought to the fore by the rising correlation between Bitcoin and the S&P500., while the commodity ignored its peers. Owing to this rather surprising correlation, and the skewed movement of gold, a report from Ecoinometrics pointed to Bitcoin, not once again entering the fray of safe-haven assets, but never leaving the club in the first place.

The report tracked the price and correlation from February, an optimum pre-crash baseline, and here it is important to go chronologically and follow the crypto leader and equity index. When the liquidity crisis hit, everybody wanted the dollar-dollar bills, and they were willing to give up stocks held and coins hodled for it, as was evident by the S&P500 crash and cryptos Black Thursday, naturally, the correlation rose.

Once the bottom was found, the Federal Reserve kicked in with the printing and both assets began to rally,

Next the Fed put kicks in and the stock market starts to rally. Of course people also buy Bitcoin on the cheap at the same time. Simultaneous rally equals again high correlation.

Following the rally, fatigue sets in by June, post the BTC halving. Both the stock market and Bitcoin begin sideways movement, and the correlation dips down to normal levels. During this crash in volatility in Bitcoin, the cryptocurrency begins to see price action on the short term. With no long term price action, as expectations are skewed, volatility drops and correlation rises once again.

Now, halfway through July, the equity markets are moving up, while Bitcoins volatility is moving down. At this point, a Bitcoin breakout could have a two-fold effect,

A BTC breakout should trigger a rise in volatility and a drop in correlation [with the S&P500]

While the times are unique, the movement of Bitcoin and the S&P500 is not. There is nothing unexpected in this sequence, suggests the Ecoinometrics report. In fact, this is akin to any large-scale global asset, with convenient on and off ramps.

This right out of the playbook of a typical safe-haven asset, dumped during a cash-crisis, and pumped during rising liquidity. But now Bitcoin is stuck and whatll get it out? One word whales. The best friend of derivatives trades on the right side of leveraged trades, worst nightmare of those on the opposite end, and a close acquaintance to exchanges, a big whale move could send Bitcoin into its next bullorbear market. The report said,

There is no FOMO so whales have all the power when it comes to triggering price actions. My guess is that a few whale trades from now Bitcoin will break out of this tight range

However, if we were to go by the same macro-asset narrative, breaking out of correlation and a volatility slump, could Bitcoin go the way of gold? The yellow metal has, since the March crash, increased by 25 percent, and let me remind you, this is gold were talking about, an asset whos 2019 was labelled positive because it surged by a whopping 29 percent.

The need to accumulate [hoard] gold following a financial crisis is understood, it happened a decade ago during the housing crash. But the question we must ask ourselves is, if Bitcoin is indeed turning into a safe-haven asset, and the worlds most recognized safe-haven has now reached an 8-year high, how much could Bitcoin rise after the crisis, especially if the whales go up?

More here:

Bitcoin never left the safe-haven club - AMBCrypto English

Bitcoin, BTC to USD, rose by 0.19% on Friday. Partially reversing a 0.66% fall from Thursday, Bitcoin ended the day at $9,167.3.

It was a bearish start to the day. Bitcoin fell to a mid-morning intraday low $9,102.1 before making a move.

Steering clear of the first major support level at $9,041.73, Bitcoin rose to a mid-day intraday high $9,194.0.

Falling short of the first major resistance level at $9,242.33, Bitcoin fell back to $9,141 levels before finding support.

Bitcoin briefly revisited $9,190 levels before easing back.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

Across the rest of the majors, it was yet another mixed day on Friday.

Stellars Lumen and Tezos rose by 2.22% and by 2.34% to lead the way.

Trons TRX (+0.19%) also joined Bitcoin in the green.

It was a bearish day for the rest of the majors.

Cardanos ADA led the way down, falling by 2.95%.

Binance Coin (-0.58%), Bitcoin Cash ABC (-0.24%), Bitcoin Cash SV (-0.43%), EOS (-0.19%), Ethereum (-0.33%), Litecoin (-0.45%), Moneros XMR (-0.13%), and Ripples XRP (-0.03%) also saw red.

In the current week, the crypto total market cap rose to a Monday high $273.18bn before falling to a Thursday low $258.89bn. At the time of writing, the total market cap stood at $264.46bn.

Bitcoins dominance fell to a Monday low 63.09% before rising to a Thursday high 64.28%. At the time of writing, Bitcoins dominance stood at 63.80%.

At the time of writing, Bitcoin was flat at $9,167.5. A mixed start to the day saw Bitcoin rise to an early morning high $9,175.0 before falling to a low $9,163.3.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was another mixed start to the day.

Bitcoin Cash SV (-0.67%), Cardanos ADA (-1.06%), Moneros XMR (-0.50%), Stellars Lumen (-3.46%), Tezos (-1.72%), and Trons TRX (-0.15%) saw red early on.

Binance Coin (+0.26%), EOS (+0.08%), Ethereum (+0.11%), Litecoin (+0.10%), and Ripples XRP (+0.33%) found early support.

Bitcoin would need to avoid a fall through the $9,155 pivot to support a run at the first major resistance level at $9,206.83.

Support from the broader market would be needed, however, for Bitcoin to break out from Fridays high $9,194.0.

Barring an extended crypto rally, the first major resistance level and Fridays high would likely cap any upside.

In the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,246.37. Resistance at $9,300 would likely cap any upside.

Failure to avoid a fall through the $9,155 pivot level would bring the first major support level at $9,114.93 into play.

Barring an extended crypto sell-off, however, Bitcoin should avoid sub-$9,000 levels. The second major support level at $9,062.57 should limit any downside.

This article was originally posted on FX Empire

See the original post:

The Crypto Daily Movers and Shakers July 18th, 2020 - Yahoo Finance

Not many traders are depositing their Bitcoin into exchanges. And it is suitable for the cryptocurrency.

So says the data provided by an analyst. On Tuesday, he shared a chart supplied by Santiment, a crypto-focused behavior analysis platform, which showed a unique relationship between exchanges Bitcoin balances and its price. So it appears, a declining BTC credit typically prompts the cryptocurrency price to grow higher.

The analyst noted a similar pattern taking place presently. He highlighted that BTCs exchange inflows are at their severe lows. There has been no selling interest and the longer the Bitcoin price stays inside its current $8,100-$10,500 range, the more the selling sentiment would decline.

Bitcoin capital injection into exchanges going down while price remains stable. Source: Santiment

With BTCs exchange inflows falling, its great to compare the pattern to prior years and see how its foreshadowing a potential upcoming price run-up, said Santiment in a separate post.

The bullish prediction serves a popular notion that people move their Bitcoin into trading platforms only when they want to sell or exchange it.

Over the past years, cold wallets have become an ideal destination to store cryptocurrencies. It is because exchanges are vulnerable to security thefts all the time. People, therefore, keep a larger portion of their crypto holdings away from exchanges unless they want to put them up for trading or selling.

So a declining BTC balance across the exchanges shows traders tendency to hold their tokens further. That, in turn, reduces the selling pressure off the cryptocurrency market. It explains why Bitcoin has avoided a deeper bearish correction below $9,000 in the last three weeks. There are more buyers near the said level.

Bitcoin is consolidating amid two converging trendlines, expecting a breakout. Source: TradingView.com

Santiment, meanwhile, also discussed the probability of a sell-off. Part of the reason was an equally growing bearish sentiment near Bitcoins range resistance levels. The cryptocurrency in the past two weeks faced an upside rejection near the $9,300-9,500 range.

Meanwhile, it also faced an extreme selling pressure near the local quarter tops inside the $10,000-$10,500 area.

Part of the reasons traders are cautious about buying Bitcoin at local highs is global uncertainty. The cryptocurrency, more or less, has tailed the S&P 500 a risk-on market that rallied in the second quarter despite a looming economic crisis led by the COVID-induced lockdown.

Observers see a correction in the US index as fatal for Bitcoin. They believe a plunge in the stock market would prompt investors to offset their losses by selling Bitcoin for cash. The same happened during the infamous March global rout.

But holding $9,000 shows that traders want to wait-and-watch on how the global economy recovers after the pandemic. That would keep Bitcoin bears off the lid.

Read the original here:

Analyst Predicts Bitcoin Rally as Exchange Inflows Hit Severe Lows - Bitcoinist

Bitcoin Cash 4 Hour Price Update

Updated July 18, 2020 03:18 PM GMT (11:18 AM EST)

Bitcoin Cash is up 0.09% ($0.21) since the previous 4 hours, marking the 4th candle in a row an increase has occurred. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 4th since the previous 4 hours in terms of percentage price change.

Bitcoin Cash is down 0.66% ($1.48) since the previous day, marking the 5th day in a row it has gone down. This move happened on lower volume, as yesterdays volume was down 34.18% from the day before and down 27.85% from the same day the week before. On a relative basis, Bitcoin Cash was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the previous day. Lets take a look at the daily price chart of Bitcoin Cash.

Coming into today the current price of Bitcoin Cash is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 30 days Bitcoin Cashs price has gone down 20 them.

Over on Twitter, here were the top tweets about Bitcoin Cash:

@newbie_6 @rogerkver If youre transaction fee was too low then your BTC transaction is probably stuck. Thats because BTC has been changed to not accommodate low fees causing huge problems. You should use Bitcoin Cash instead, where fees are typically under a penny and are fast!

@rogerkver Bitcoin = Satoshi Nakamoto White PaperSo as such, #Bitcoin is Bitcoin Cash (#BCH)While Bitcoin Core is a shitcoin that no longer follows the Original White Paper. Bitcoin Core should NEVER be called Bitcoin. Its simply Bitcoin Core, Bitcore or BTCPlain and Simple

Top 10 Cryptocurrencies prices during the past weekStar of the week was Chainlink $LINK, reaching a price of $8.42; an increase of 41.92% in 7 days onlyBitcoin Cash $BCH was the biggest loser, it has dropped to $223.61, representing a loss of -5.70%

In terms of news links for Bitcoin Cash heres one to try:

Bitcoin Cash price analysis: only bullish above $245

Bitcoin Cash technical analysis shows that bulls need to keep the BCH/USD pair above the $205 level to avoid a $75 sell-off.Watch out for a powerful technical breakout if price moves above the neckline of the pattern, around the $245 level. Bitcoin Cash technical analysis shows that the cryptocurrency needs to move above the $245 level to activate a bullish reversal pattern.

Read more:

Bitcoin Cash (BCH) Up $1.7 Over Past 4 Hours, Fares the Worst Out of Top Cryptos to Start the Day; Started Today Down 0.66% - CFDTrading

Bitcoin Cash (BCH) tested the intraday low of $224.04 and recovered to $230.00 by the time of writing. The coin takes fifth place in the global cryptocurrency rating with the current market value of $4.24 billion and an average daily trading volume of $1.4 billion. BCH/USD has lost over 2.6% in the recent 24 hours and stayed mostly unchanged since the beginning of the day.

Bitcoin Cash has lost over 4% of its value in a matter of hours after a failed attempt to settle above $240.00. The price slipped below 1-hour SMA100 at $239.00 and smashed 1-hour SMA50 at $237.00 as the downside momentum has gained traction. A sustainable move below $230.00 is an ominous signal for the coin, as it is a pivotal level in the short run. If it fails to return above this barrier, the sell-off is likely to continue towards the intraday low os $224.00 and the lower line of the 1-hour Bollinger Band at $213.00.

On the upside, the initial resistance area is created by the above-mentioned MAs. Once it is out of the way, the upside is likely to gain traction with the next focus on $240.00.

Link:

Bitcoin Cash Price Analysis: BCH/USD flirts with pivotal $230.00, bears are on the alert - FXStreet

Bitcoin Cash 4 Hour Price Update

Updated July 18, 2020 07:19 AM GMT (03:19 AM EST)

The back and forth price flow continues for Bitcoin Cash, which started the current 4 hour candle off at 223.02 US dollars, down 0.12% ($0.26) from the previous 4 hours. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 4th for the four-hour candle in terms of price change relative to the previous 4 hours.

Bitcoin Cash is down 0.66% ($1.48) since yesterday, marking the 5th day in a row it has gone down. This move happened on lower volume, as yesterdays volume was down 34.18% from the day before and down 27.85% from the same day the week before. Those trading within the Top Cryptos asset class should know that Bitcoin Cash was the worst performer in the class during yesterday. The daily price chart of Bitcoin Cash below illustrates.

Coming into today Bitcoin Cash is now close to its 20 day averages, located at 229.63 respectively, and thus may be at a key juncture along those timeframes. Also of note is that on a 30 day basis price appears to be forming a base which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone down 7 out of the past 10 days.

Behold! Here are the top tweets related to Bitcoin Cash:

@rogerkver Bitcoin = Satoshi Nakamoto White PaperSo as such, #Bitcoin is Bitcoin Cash (#BCH)While Bitcoin Core is a shitcoin that no longer follows the Original White Paper. Bitcoin Core should NEVER be called Bitcoin. Its simply Bitcoin Core, Bitcore or BTCPlain and Simple

Now that I am loose enough to be honest, I feel the need to mention @MultiBitcoiner offered me bitcoin cash for dick pics. I wont say what my answer was, but does @Binance_Info exchange BCH for BTC?

@SkyHODL @rogerkver #Bitcoin wasnt created to be an investment asset to be speculated on. It was created to be electronic cash that everyone could use as cash, free from the banks debilitating control.Bitcoin Cash (BCH) keeps that dream alive.

Read the original post:

Bitcoin Cash (BCH) Down $0.26 Over Past 4 Hours, Fares the Worst Out of Top Cryptos to Start the Day; Moves Down For the 5th Day In A Row - CFDTrading

Bitcoin Cash 4 Hour Price Update

Updated July 15, 2020 11:19 AM GMT (07:19 AM EST)

Bitcoin Cash came into the current 4 hour candle up 0.31% ($0.7) from the open of the last 4 hour candle, marking the 2nd candle in a row it has gone up. On a relative basis, the last 4 hour candle were pretty good: Bitcoin Cash bested all 5 of the assets in the Top Cryptos class

Bitcoin Cash closed yesterday down 0.81% ($1.87); this denotes the 2nd day in a row a decrease has occurred. This move happened on lower volume, as yesterdays volume was down 48.37% from the day before and down 27.72% from the same day the week before. On a relative basis, Bitcoin Cash was the worst performer out of all 5 of the assets in the Top Cryptos asset class during yesterday. Lets take a look at the daily price chart of Bitcoin Cash.

Coming into today Bitcoin Cash is now close to its 20, 50 and 100 day averages, located at 229.89, 237.7 and 239.12 respectively, and thus may be at a key juncture along those timeframes. Also of note is that on a 30 day basis price appears to be forming a base which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Bitcoin Cashs price has gone up 7 of the previous 14 trading days.

Behold! Here are the top tweets related to Bitcoin Cash:

ADA after having taken over Litecoin has now surpassed Bitcoin SV in the global crypto market and is now ranked at 6th position after Bitcoin Cash#ADA #cardanofoundation

Stablecoin Tether Is Now Circulating on the Bitcoin Cash Network$BCH for the win

Whether for Bitcoin Cash (#BCH) or any other cryptocurrency, growth is not a one way path trials and errors lead to winning..@BitcoinCash

Follow this link:

Bitcoin Cash (BCH) Up $0.7 Over Past 4 Hours, Fares the Worst Out of Top Cryptos to Start the Day; Started Today Down 0.81% - CFDTrading

Someone hacked Twitter Wednesday and used bitcoin to capitalize on it.

Why?

Bitcoin is an alternative money system based on the value of censorship resistance. In other words, Bitcoin was built from the ground up to evade third-party interference (think banks, governments and law enforcement), making it a natural tool in the hands of a world-class hacker.

Related: Twitter Hack 2020 Was Probably Done by a Bitcoiner But Not a Savvy One

Read more: Why Use Bitcoin?

Bitcoins value proposition can be broken into a few categories, all based on the technology under the hood.

Bitcoin is electronic. A popular meme for bitcoin is magic internet money, which, in a sense, it is. Bitcoin operates natively online you can send bitcoin from your phone or computer to anyone else, just about anywhere in the world, in a few clicks, without anyone being able to stop you. And once youve sent it, you cant get it back.

Read more: Twitter Breach Reactions: Security Professionals Offer an Early Assessment

Related: No, the Twitter Hack Wasn't About Bitcoin

That feature or in this case, a bother is a prime reason the Bitcoin blockchain exists. Bitcoin relies on what are called Peer-to-Peer (P2P) transactions so it cant be confiscated by middlemen such as law enforcement. Once the coins are in someone elses wallet, count them as good as gone.

Like many Twitter handles, Bitcoin is pseudonymous. We cant link an address to a personal identity very easily.

Stolen U.S. dollars (USD), on the other hand, would be near impossible to get into and out of a bank account without being flagged. Traditionally, money is moved from one account to another through a third party.

Legacy systems have the upside of being able to reverse transactions and attach identities to them. That is clearly a disadvantage to hackers. (Notably, reports surfaced of the hacker running a similar campaign on CashApp for USD).Bitcoin transactions, by comparison, are a lot harder to control.

Bitcoin is also traded online in a lot of places. Holding bitcoins in your wallet wouldnt be worth much without people to swap dollars for bitcoins. Launched in 2009, bitcoin is the most established and most highly traded digital asset. Its also available on popular financial apps such as CashApp or PayPal.

Read more: Is Bitcoin Legal?

Its common sense that the attackers would choose bitcoin. Bitcoin is the most censorship resistant and liquid asset in existence, Blocksteam CSO Samson Mow said in a private message.

All this to say the Twitter hacker chose the right cryptocurrency to get U.S. dollars.

Addresses can be tracked, however. And they can also be blackballed by others. By nature, the Bitcoin blockchain is 100% transparent. That means the ins and outs of transactions from one party to another are viewable for all to see with a little know-how.

For example, popular cryptocurrency exchange Coinbase would not allow users of its service to transfer funds to the Twitter hackers address.

Blockchain analytics firm Chainalysis says the 12 or so bitcoins (worth about $110,000 at the time) the hacker netted are already on the move. But we can see where they are going. Some firms are even able to match meatspace identities with blockchain ones based on small details hackers overlook.

Having said that, there are tools available to people who really want to obfuscate their transactions, and whoever perpetrated this particular heist seems to be prepared to take measures to protect their loot.

At the end of the day, its important that people be wary of promises of free money on the internet whether that comes in the form of dollars, pounds or bitcoin.

Read more from the original source:

Twitter Hack Used Bitcoin to Cash In: Heres Why - Yahoo Finance

Bitcoin, BTC to USD, rose by 0.76%% on Sunday. Reversing a 0.63% decline from Saturday, Bitcoin ended the week up by 2.50% to $9,315.8.

It was a mixed start to the day for Bitcoin. Bitcoin fell from an early morning high $9,303.8 to a late morning low $9,251.2 before finding support.

Steering clear of the major support and resistance levels, Bitcoin rallied to an early afternoon intraday high $9,368.4.

Breaking through the first major resistance level at $9,305.37 before hitting reverse. Coming up against the second major resistance level at $9,364.43, Bitcoin slid to a late intraday low $9,175.0.

Bitcoin fell through the first major support level at $9,193.67 before bouncing back to $9,340 levels.

The rebound saw Bitcoin break back through the first major resistance level at $9,305.37 to wrap up the day in the green.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

Across the rest of the majors, it was a mixed day on Sunday.

Tezos rallied by 4.97% to lead the way on Sunday.

Binance Coin (+4.03%), Bitcoin Cash SV (+1.73%), Cardanos ADA (+1.45%), Ethereum (+1.52%), Moneros XMR (+0.82%), Ripples XRP (+0.18%), and Stellars Lumen (+0.37%) also saw green.

It was a bearish end to the week for the rest of the majors.

Bitcoin Cash ABC (-0.40%), EOS (-0.19%), Litecoin (-0.07%), and Trons TRX (-0.85%) saw red.

For the week,

Stellars Lumen led the way, surging by 41.84%.

Binance Coin (+18.26%), Bitcoin Cash SV (+19.58%), Cardanos ADA (+29.24%), Ripples XRP (+13.79%), and Tezos (+23.31%) also made solid gains.

Bitcoin Cash ABC (+6.20%), EOS (+8.78%), Ethereum (+6.67%), Litecoin (+7.50%), Moneros XMR (+9.32%), and Trons TRX (+7.24%), trailed the front runners.

In the week, the crypto total market cap rose from a Monday low $254.55bn to a Wednesday high $274.58bn. At the time of writing, the total market cap stood at $268.46bn.

Bitcoins dominance fell from a Monday high 65.58% to a Thursday low 63.55%. At the time of writing, Bitcoins dominance stood at 63.60%.

Link:

The Crypto Daily Movers and Shakers July 13th, 2020 - FX Empire

Someone hacked Twitter Wednesday and used bitcoin to capitalize on it.

Why?

Bitcoin is an alternative money system based on the value of censorship resistance. In other words, Bitcoin was built from the ground up to evade third-party interference (think banks, governments and law enforcement), making it a natural tool in the hands of a world-class hacker.

Related: Twitter Hack 2020 Was Probably Done by a Bitcoiner But Not a Savvy One

Read more: Why Use Bitcoin?

Bitcoins value proposition can be broken into a few categories, all based on the technology under the hood.

Bitcoin is electronic. A popular meme for bitcoin is magic internet money, which, in a sense, it is. Bitcoin operates natively online you can send bitcoin from your phone or computer to anyone else, just about anywhere in the world, in a few clicks, without anyone being able to stop you. And once youve sent it, you cant get it back.

Read more: Twitter Breach Reactions: Security Professionals Offer an Early Assessment

Related: No, the Twitter Hack Wasn't About Bitcoin

That feature or in this case, a bother is a prime reason the Bitcoin blockchain exists. Bitcoin relies on what are called Peer-to-Peer (P2P) transactions so it cant be confiscated by middlemen such as law enforcement. Once the coins are in someone elses wallet, count them as good as gone.

Like many Twitter handles, Bitcoin is pseudonymous. We cant link an address to a personal identity very easily.

Stolen U.S. dollars (USD), on the other hand, would be near impossible to get into and out of a bank account without being flagged. Traditionally, money is moved from one account to another through a third party.

Legacy systems have the upside of being able to reverse transactions and attach identities to them. That is clearly a disadvantage to hackers. (Notably, reports surfaced of the hacker running a similar campaign on CashApp for USD).Bitcoin transactions, by comparison, are a lot harder to control.

Story continues

Bitcoin is also traded online in a lot of places. Holding bitcoins in your wallet wouldnt be worth much without people to swap dollars for bitcoins. Launched in 2009, bitcoin is the most established and most highly traded digital asset. Its also available on popular financial apps such as CashApp or PayPal.

Read more: Is Bitcoin Legal?

Its common sense that the attackers would choose bitcoin. Bitcoin is the most censorship resistant and liquid asset in existence, Blocksteam CSO Samson Mow said in a private message.

All this to say the Twitter hacker chose the right cryptocurrency to get U.S. dollars.

Addresses can be tracked, however. And they can also be blackballed by others. By nature, the Bitcoin blockchain is 100% transparent. That means the ins and outs of transactions from one party to another are viewable for all to see with a little know-how.

For example, popular cryptocurrency exchange Coinbase would not allow users of its service to transfer funds to the Twitter hackers address.

Blockchain analytics firm Chainalysis says the 12 or so bitcoins (worth about $110,000 at the time) the hacker netted are already on the move. But we can see where they are going. Some firms are even able to match meatspace identities with blockchain ones based on small details hackers overlook.

Having said that, there are tools available to people who really want to obfuscate their transactions, and whoever perpetrated this particular heist seems to be prepared to take measures to protect their loot.

At the end of the day, its important that people be wary of promises of free money on the internet whether that comes in the form of dollars, pounds or bitcoin.

See the original post here:

Twitter Hack Used Bitcoin to Cash In: Heres Why - Yahoo! Voices

Bitcoin, BTC to USD, fell by 0.66% on Thursday. Following on from a 0.58% decline on Wednesday, Bitcoin ended the day at $9,149.6.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $9,227.2 before hitting reverse.

Falling short of the first major resistance level at $9,267.06, Bitcoin slid to a late morning intraday low $9,026.6.

The reversal saw Bitcoin slide through the first major support level at $9,166.07 and the second major resistance level at $9,122.03.

Finding support at the third major support level at $9,021.03, Bitcoin revisited $9,160 levels before easing back. While breaking back through the second major support level, the first major support level at $9,166.07 pinned Bitcoin back.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

Across the rest of the majors, it was another mixed day on Thursday.

Stellars Lumen rallied by 8.65% to buck the trend on the day.

It was a bearish day for the rest of the majors.

Cardanos ADA (-3.50%), Moneros XMR (-4.02%) and Tezos (-3.53%) led the way down.

Binance Coin (-2.61%), Bitcoin Cash SV (-2.84%), Ethereum (-2.07%), and Litecoin (-2.80%) also struggled.

Bitcoin Cash ABC (-1.28%), EOS (-1.18%), Ripples XRP (-1.58%) and Trons TRX (-1.90%) saw relatively modest losses.

In the current week, the crypto total market cap rose to a Monday high $273.18bn before falling to a Thursday low $258.89bn. At the time of writing, the total market cap stood at $263.90bn.

Bitcoins dominance fell to a Monday low 63.09% before rising to a Thursday high 64.28%. At the time of writing, Bitcoins dominance stood at 63.72%.

At the time of writing, Bitcoin was down by 0.10% to $9,140.5. A bearish start to the day saw Bitcoin fall from an early morning high $9,150.8 to a low $9,137.4.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

At the time of writing, Stellars Lumen was up by 0.67% to buck the trend.

It was a bearish start for the rest of the majors.

Binance Coin and Tezos were down by 0.64% and by 0.66% respectively to lead the way down.

Bitcoin would need to avoid a fall through the $9,135 pivot to support a run at the first major resistance level at $9,242.33.

Support from the broader market would be needed, however, for Bitcoin to break out from Thursdays high $9,227.2.

Barring an extended crypto rally, the first major resistance level and Thursdays high would likely cap any upside.

In the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,335.07. Resistance at $9,400 would likely cap any upside.

Failure to avoid a fall through the $9,135 pivot level would bring the first major support level at $9,041.73 into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid sub-$8,900 levels. The second major resistance level at $8,933.87 and 23.6% FIB of $8,900 should limit any downside.

This article was originally posted on FX Empire

See more here:

The Crypto Daily Movers and Shakers July 17th, 2020 - Yahoo Finance

Bitcoin, BTC to USD, rose by 0.13% on Tuesday. Partially reversing a 0.73% loss from Monday, Bitcoin ended the day at $9,263.4.

It was a bearish start to the day. Bitcoin slid to a late morning intraday low $9,107.0 before finding support.

Bitcoin fell through the first major support level at $9,198 and the second major support level at $9,144.0.

Steering clear of sub-$9,100 levels, Bitcoin bounced back to a late intraday high $9,287.3.

While falling short of the first major resistance level at $9,328.0, Bitcoin avoided a fall back into the red.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

Across the rest of the majors, it was another mixed day on Tuesday.

Cardanos ADA (+6.59%), Stellars Lumen (+3.09%), and Tezos (+2.07%) led the way.

Bitcoin Cash ABC (+0.17%), EOS (+0.55%), Ethereum (+0.49%), Litecoin (+0.09%), Ripples XRP (+0.10%), and Trons TRX (+0.85%) saw more modest gains on the day.

Binance Coin (-1.74%), Bitcoin Cash SV (-0.42%), and Moneros XMR (-1.69%) saw red to buck the trend on the day.

In the current week, the crypto total market cap rose to a Monday high $271.57bn before falling to a Tuesday low $262.96bn. At the time of writing, the total market cap stood at $268.27bn.

Bitcoins dominance fell to a Monday low 63.37% before rising to a Tuesday high 64.00%. At the time of writing, Bitcoins dominance stood at 63.66%.

Read this article:

The Crypto Daily - The Movers and Shakers - July 15th, 2020 - FX Empire

Bitcoin Cash 4 Hour Price Update

Updated July 15, 2020 11:19 AM GMT (07:19 AM EST)

Bitcoin Cash came into the current 4 hour candle up 0.31% ($0.7) from the open of the last 4 hour candle, marking the 2nd candle in a row it has gone up. On a relative basis, the last 4 hour candle were pretty good: Bitcoin Cash bested all 5 of the assets in the Top Cryptos class

Bitcoin Cash closed yesterday down 0.81% ($1.87); this denotes the 2nd day in a row a decrease has occurred. This move happened on lower volume, as yesterdays volume was down 48.37% from the day before and down 27.72% from the same day the week before. On a relative basis, Bitcoin Cash was the worst performer out of all 5 of the assets in the Top Cryptos asset class during yesterday. Lets take a look at the daily price chart of Bitcoin Cash.

Coming into today Bitcoin Cash is now close to its 20, 50 and 100 day averages, located at 229.89, 237.7 and 239.12 respectively, and thus may be at a key juncture along those timeframes. Also of note is that on a 30 day basis price appears to be forming a base which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Bitcoin Cashs price has gone up 7 of the previous 14 trading days.

Behold! Here are the top tweets related to Bitcoin Cash:

ADA after having taken over Litecoin has now surpassed Bitcoin SV in the global crypto market and is now ranked at 6th position after Bitcoin Cash#ADA #cardanofoundation

Stablecoin Tether Is Now Circulating on the Bitcoin Cash Network$BCH for the win

Whether for Bitcoin Cash (#BCH) or any other cryptocurrency, growth is not a one way path trials and errors lead to winning..@BitcoinCash

See the article here:

Bitcoin Cash (BCH) Down $0.23 Over Past 4 Hours, Fares the Worst Out of Top Cryptos to Start the Day; Came Into Today Down For the 2nd Day In A Row -...

Bitcoin Cash 4 Hour Price Update

Updated July 15, 2020 07:19 PM GMT (03:19 PM EST)

Bitcoin Cash is down 0.58% ($1.31) since the last 4 hour candle, marking the 2nd candle in a row it has gone down. Those trading within the Top Cryptos asset class should know that Bitcoin Cash was the worst performer in the class during the last 4 hour candle.

Bitcoin Cash is down 0.81% ($1.87) since the previous day, marking the 2nd day in a row a decrease has occurred. This move happened on lower volume, as yesterdays volume was down 48.37% from the day before and down 27.72% from the same day the week before. Those trading within the Top Cryptos asset class should know that Bitcoin Cash was the worst performer in the class during the previous day. Below is a daily price chart of Bitcoin Cash.

Coming into today the current price of Bitcoin Cash is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 10 days Bitcoin Cashs price has gone down 6 them.

For laughs, fights, or genuinely useful information, lets see what the most popular tweets pertaining to Bitcoin Cash for the past day were:

@escape1979uk @rogerkver @feeonline Roger Ver had nothing to do with the creation of Bitcoin Cash. Also Bitcoin Cash is alive and well. It may not be in price, but development is still very much active. BCH is coming up with more every day.

@deadalnix @JaEsf @im_uname @freeAgent85 Encouraging someone who dislikes the destruction of community cohesion to fork Bitcoin Cash is comically ironic. I believe it will lead to a forkMaybe try to convince enough people it is the best option, that will show ABC has very strong history of making good decisions.

@cryptorecruitr Sell your BTC and Buy Bitcoin Cash and XRP

See original here:

Bitcoin Cash (BCH) Up $0.72 in Last 4 Hours, Fares the Worst Out of Top Cryptos to Start the Day; Entered Today Down For the 2nd Day In A Row -...

Bitcoin, BTC to USD, fell by 0.63% on Saturday. Reversing a 0.60% gain from Friday, Bitcoin ended the day at $9,246.3.

It was a bearish start to the day for Bitcoin. Bitcoin fell from an early morning intraday high $9,311.8 to a late morning intraday low $9,200.1 before finding support.

Steering clear of the first major support level at $9,193.6, Bitcoin moved back to a late high $9,263.0 before easing back.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

Across the rest of the majors, it was a mixed day on Saturday.

Cardanos ADA (+5.67%), Tezos (+5.61%), and Trons TRX (+5.11%) led the way.

Binance Coin (+1.85%), Litecoin (+0.92%) Moneros XMR (+2.10%), Ripples XRP (+0.86%), and Stellars Lumen (+1.27%) also found support.

It was a bearish day for the rest of the majors, however.

Ethereum led the way down, with a loss of 0.87%.

Bitcoin Cash ABC (-0.48%), Bitcoin Cash SV (-0.21%), and EOS (-0.10%) saw relatively modest losses on the day.

In the current week, the crypto total market cap rose from a Monday low $254.55bn to a Wednesday high $274.58bn. At the time of writing, the total market cap stood at $267.71bn.

Bitcoins dominance fell from a Monday high 65.58% to a Thursday low 63.55%. At the time of writing, Bitcoins dominance stood at 63.79%.

Read this article:

The Crypto Daily Movers and Shakers July 12th, 2020 - FX Empire

Bitcoin price made a couple of attempts to clear the USD 9,300 and USD 9,320 resistance levels. BTC failed to continue higher and recently declined by 1%. It is currently (08:30 UTC) approaching the USD 9,150 support, below which it could revisit USD 9,000.Similarly, most major altcoins are slowly declining and approaching key supports, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD is down 2% and it is trading below USD 240. XRP/USD is also declining and it seems like it could test the USD 0.192 support region.

Total market capitalization

In the past few sessions, bitcoin price struggled to continue higher above USD 9,300 and USD 9,320. BTC is currently trading below USD 9,200 and it is approaching the USD 9,150 support level. Any further losses may perhaps lead the price toward the USD 9,000 support. A bearish close below USD 9,000 could start a strong decline in the coming sessions.Conversely, a successful break above the USD 9,300 resistance level is likely to clear the path for a sustained upward move. The next major hurdle is near USD 9,500 and USD 9,550.

Ethereum price is down close to 2% and it is trading below the USD 240 level. The first major support is near the USD 235 level, below which there is a risk of more losses. The next support for ETH could be USD 230, followed by USD 228.On the upside, an initial resistance is near the USD 242 level. The main resistance is still near USD 245, above which the bulls might attempt to clear USD 250.

Bitcoin cash price dived 4% and it is gaining bearish momentum below the USD 230 level. BCH is likely to continue lower towards the USD 222 and USD 220 support levels. Any further losses might lead the price towards the USD 200 support. To start a fresh increase, the price must move back above USD 235.ADA is down 7% and it is trading below the USD 0.1250 support level. However, there are many supports near the USD 0.1200 level. As long as the price is above the USD 0.1200 level, the price is likely to start a fresh increase. On the upside, the bulls are likely to face hurdles near USD 0.1300 and USD 0.1320.XRP price failed to stay above the USD 0.202 and USD 0.200 support levels. XRP is declining and it is approaching the USD 0.195 level. The main support is near the USD 0.192 level, below which there is a risk of a sharp decline towards the USD 0.185 and USD 0.182 level. Conversely, a close above USD 0.202 could push the price higher in the near term.

In the past three sessions, many small-capitalization altcoins declined over 8%, including AMPL, NEXO, QNT, THETA, DOGE, BCD, CKB, SNX, REN, ATOM, BNT, and IOST. Conversely, AOA rallied close to 240% to surpass the USD 0.0125 level.

Overall, bitcoin price is slowly moving lower and trading below USD 9,300. It seems like BTC is preparing for the next significant move either above USD 9,300 or below USD 9,000._____

Continue reading here:

Bitcoin and Altcoins Trading Near Make-or-Break Levels - Cryptonews

Bitcoin, BTC to USD, rose by 0.60% on Friday. Following a 2.32% slide on Thursday, Bitcoin ended the day at $9,304.6.

It was a bearish start to the day for Bitcoin. Bitcoin fell to an early morning intraday low $9,133.1 before finding support.

Finding support at the first major support level at $9,132.03, Bitcoin rallied to a late intraday high $9,324.6.

In spite of the late recovery, Bitcoin fell well short of the first major resistance level at $9,407.73.

The late recovery, however, saw Bitcoin wrap up the day in positive territory.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

Across the rest of the majors, it was a mixed day on Friday.

Binance Coin (+2.73%), Bitcoin Cash ABC (+1.00%), Moneros XMR (+0.25%), and Tezos (+0.34%) bucked the trend on the day.

It was a bearish day for the rest of the majors.

Cardanos ADA led the way down, with a loss of 4.63%.

Bitcoin Cash SV (-2.00%), XRP (-1.69%) Stellars Lumen (-0.99%), and Trons TRX (-2.02%) also struggled.

EOS (-0.72%), Ethereum (-0.33%), and Litecoin (-0.02%) saw relatively modest losses on the day.

In the current week, the crypto total market cap rose from a Monday low $254.55bn to a Wednesday high $274.58bn. At the time of writing, the total market cap stood at $267.03bn.

Bitcoins dominance fell from a Monday high 65.58% to a Thursday low 63.55%. At the time of writing, Bitcoins dominance stood at 64.05%.

At the time of writing, Bitcoin was down by 0.06% to $9,299.0. A mixed start to the day saw Bitcoin rise to an early morning high $9,311.8 before falling to a low $9,294.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (-0.19%), Ethereum (-0.02%), and Litecoin (-0.02%) joined Bitcoin in the red.

It was a bullish start for the rest of the majors, with Stellars Lumen up by 3.53% to lead the way.

Bitcoin would need to avoid a fall through the $9,254 pivot level to support a run at the first major resistance level at $9,375.6.

Support from the broader market would be needed, however, for Bitcoin to break out from Fridays high $9,324.6.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a crypto breakout, Bitcoin should break out from the second major resistance level at $9,445.6 before any pullback.

Failure to avoid a fall through the $9,254 pivot level would bring the first major support level at $9,183.6 into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid sub-$9,000 levels. The second major resistance level at $9,062.6 should limit any downside.

This article was originally posted on FX Empire

Continue reading here:

The Crypto Daily Movers and Shakers July 11th, 2020 - Yahoo Finance

Just recently, Bitcoin Cash proponents were introduced to a new foundation called the Permissionless Software Foundation aimed at spreading Bitcoin Cash and SLP token technology.

This week an organization called the Permissionless Software Foundation (PSF) revealed an announcement to the BCH community. The groups mission aims to foster the growth of open-source software and growing adoption of Bitcoin Cash across the globe.

Moreover, the PSF plans to bolster Simple Ledger Protocol innovation. Crypto fans can read about the PSF on the organizations new web portal called psfoundation.cash. The organizations business model states:

The Foundation is a community-oriented, highly automated, and legally-nonexistent decentralized autonomous organization whose purpose is to foster the growth of open-source software and the adoption of Bitcoin Cash across the globe. The PSF will offer a Simple Ledger Protocol (SLP) token on the Bitcoin Cash (BCH) network to self-fund the development of open-source software, and reward contributors that help the organization grow.

According to the press release, PSF and the web portal fullstack.cash will offer consulting services going forward.

More and more businesses are looking into the great opportunities of integrating Bitcoin Cash and SLP tokens into their operations, explains the announcement. Finding the right information and the best people can be a daunting task but this service is already proving helpful for those businesses wanting to step into the world of Bitcoin Cash.

The Bitcoin Cash (BCH) proponent and host of the developers monthly video series, David R. Allen, joined the PSF as the Business Development Manager. [Allen] has agreed to assist and support the Permissionless Software Foundation and to be a primary contact for businesses as the community grows out of its infancy. His experience and contributions are a welcome addition to the foundation, the PSF announcement details.

PSF also aims to offer white-label BCH and SLP wallets as well, according to the press release details. At the time of publication, the work is being executed in order to provide the community with a fully functional white-label web wallet.

With this wallet, businesses will be able to release reliable web wallets with organisation-specific branding, the announcement notes. This will lower the barrier to entry for businesses even further. An early prototype of the wallet can be seen at wallet.fullstack.cash.

The software developer Chris Troutner is also involved with the PSF, and nine days ago he created a post about the subject on the Reddit forum r/btc. Troutner and the PSF have also released an introductory video which can be viewed on Youtube.

BCH supporters seemed to like the project, according to a number of comments within the Reddit post. Super interesting [and] very exciting, one person wrote.

What do you think about the Permissionless Software Foundation (PSF) for Bitcoin Cash? Let us know what you think about this subject in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, psfoundation.cash

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read the original here:

Permissionless Software Foundation Aims to Foster Open-Source Software With Bitcoin Cash - Bitcoin News

Bitcoin Cash 4 Hour Price Update

Updated July 14, 2020 11:19 AM GMT (07:19 AM EST)

The back and forth price flow continues for Bitcoin Cash, which started the current 4 hour candle off at 228.47 US dollars, up 0.04% ($0.09) from the previous 4 hours. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 4th for the four-hour candle in terms of price change relative to the previous 4 hours.

The choppiness in the recent daily price action of Bitcoin Cash continues; to start today, it came in at a price of 231.99 US dollars, down 2.29% ($5.44) since the previous day. The price move occurred on volume that was up 93.51% from the day prior, but down 32.35% from the same day the week before. On a relative basis, Bitcoin Cash was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the previous day. Here is a daily price chart of Bitcoin Cash.

Coming into today the current price of Bitcoin Cash is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Also of note is that on a 30 day basis price appears to be forming a base which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 10 days Bitcoin Cashs price has gone up 5 them.

For laughs, fights, or genuinely useful information, lets see what the most popular tweets pertaining to Bitcoin Cash for the past day were:

Stablecoin Tether Is Now Circulating on the Bitcoin Cash Network$BCH for the win

Whether for Bitcoin Cash (#BCH) or any other cryptocurrency, growth is not a one way path trials and errors lead to winning..@BitcoinCash

@rogerkver I just heard about Bitcoin Waffles (BTCW) Just curious is bitcoin cash as good as BTCW? Im hesitant because bitcoin waffles seems like the next big thing but bitcoin cash Im not sure about

Follow this link:

Bitcoin Cash (BCH) Up $0.09 Over Past 4 Hours, Fares the Worst Out of Top Cryptos to Start the Day; Entered Today Down 2.29% - CFDTrading

Bitcoin Cash 4 Hour Price Update

Updated July 11, 2020 11:18 AM GMT (07:18 AM EST)

Bitcoin Cash is down 0.73% ($1.73) since the previous 4 hours, marking the 3rd candle in a row a decline has happened. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 4th for the four-hour candle in terms of price change relative to the previous 4 hours.

The choppiness in the recent daily price action of Bitcoin Cash continues; to start today, it came in at a price of 238.29 US dollars, up 0.06% ($0.15) since the day prior. The change in price came along side change in volume that was down 32.78% from previous day, but up 7.38% from the Friday of last week. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 2nd since the day prior in terms of percentage price change. Here is a daily price chart of Bitcoin Cash.

Notably, Bitcoin Cash is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 6 out of the past 10 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Behold! Here are the top tweets related to Bitcoin Cash:

21 days to #Bitcoin fork day.On August 1st, 2017 after a long community debate on how to better scale Bitcoin, a hard fork was made in the Bitcoin blockchain, resulting in BCH & BTC.Bitcoin Cash enables an increased volume of trades per second to speed up txns. & lower fees.

@cryptoo_moon @BitcoinCom The only thing thats dead is the dream of #bitcoin.Oh, waitIts alive and well in Bitcoin Cash.The truth hurts, I know.

@rogerkver Bitcoin cash will never be bitcoin!

For a longer news piece related to BCH thats been generating discussion, check out:

TikTok Dogecoin Operation Explodes; Chainalysis Raises $13 Million; Tether Mints $6 Million on Bitcoin Cash CoinSpice

Tether, the stablecoin company, appears to have started distributing its SLP version of USDT by minting $6 million worth on top of the Bitcoin Cash blockchain.For example, Karen deposits an asset such as USDT to @AaveAave and delegates her credit line to Chad, who draws funds such as ETH from Aave Protocol.The system use credit delegation, where traders collateralized a position and then use it to delegate a credit line to another user that will be the one to draw the resources from the Aave platform.

Original post:

Bitcoin Cash (BCH) Down $1.73 Over Past 4 Hours, Entered Today Up 0.06%; Eyes 50 and 100 Day Averages - CFDTrading