Dollar Vigilante Founder Talks Covid-19 and Economic Crisis: ‘The Modern Financial System Is at the End of It’s Rope’ | Interview – Bitcoin News

Jeff Berwick is an entrepreneur with a lot to say these days and hes released a number of videos discussing the coronavirus pandemic and the government-induced lockdowns. Berwick is the founder of The Dollar Vigilante, an anarcho-capitalist media outlet focusing on gold, silver, mining stocks, cryptocurrencies, and offshore banking. News.Bitcoin.com chatted with Berwick this week in order to get his perspective on the current events tied to the Covid-19 outbreak, the stay-at-home orders, the financial turbulence, and what he envisions will happen next. Berwick chats about precious metals like gold, his thoughts on a few digital assets, and the concept of self-ownership. He believes that humans are faced with a choice Either continue down the nasty road of manipulation and fraud or break the invisible chains of subordination and authority figures.

Bitcoin.com (BC): Can you tell our readers your thoughts on the Covid-19 pandemic, the government lockdowns, and the media surrounding this event?

Jeff Berwick (JB): To put it bluntly, there is no pandemic. Even if you take the numbers given out by the WHO and CDC, which are absolutely not to be trusted, this supposed pandemic has fewer hospitalizations and less deaths than even the 2017-2018 flu seen. Ive been researching and following the activities of what you could call the elite or globalists for nearly two decades and this has been long planned for as a type of false flag event in order to bring in a dozen or more globalist agendas.

BC: Your recent videos have been raising awareness about certain elements of the pandemic that are not natural. Would you say that the central banks and politicians are in the midst of a financial reset?

When I started The Dollar Vigilante in 2010, I said that by the end of this decade the financial and monetary system would be in collapse. I even began predicting last summer when I saw the first signs of it hitting that it would happen in days, weeks, or months. The modern monetary and financial system has reached the end of their rope. The entire world, whether it be governments, businesses, or individuals are beyond the point of no return in terms of indebtedness. I believe the pandemic, which I call a plandemic was all a part of collapsing the system and blaming it on anything but the real culprits, governments, and central banks. In many ways, the 2020 crisis is no different from 9/11 which was a pre-orchestrated and planned false flag event to crash the system and bring in a massive reduction in civil liberties that continue on to this day.

BC: Do you think that the lockdown or stay-at-home measures are deliberate in order to halt the economy and the supply chain?

Yes. The Rockefeller Institute, in 2010, after David Rockefeller had met with Bill Gates and George Soros in something they called the Good Club. They put out a document called Lockstep which outlines using a virus pandemic scenario to bring in worldwide totalitarian control, break down the supply chains and essentially bankrupt most of the world and have them all go on Universal Basic Income (UBI) and become not much more than destitute slaves much like in places like Cuba and Venezuela.

BC: If you were to give a timeline in months or years, how long do you think the USD will last as the globally dominant fiat currency?

Its really just a race to the bottom now for all fiat currencies. Nearly every government in the world is beyond bankrupt and nearly every central bank in the world is counterfeiting up trillions of new fiat currency units at unprecedented rates which all but ensures a total collapse in them all. This too is part of the plan as they intend to destroy nearly every governments finances and hyperinflate all the currencies in order to bring in a one-world, digital currency which will track, and tax, every single thing that people do with it. As for the timeframe, it depends on a lot of factors.

But we are talking just a few years likely. I see hyperinflation coming to nearly all fiat currencies in the next few years. Hopefully a lot more people begin using cryptocurrencies now. If so, many can avoid the total destruction coming.

BC: Equities, commodities, oil, and many other investments have pretty much crapped the bed or are on life support. However, Bitcoin has done surprisingly well since Black Thursday March 12. In fact, it has performed better than any asset or equity since then. Where do you see bitcoin (BTC) going from here price wise or as far as a safe haven asset like gold?

As I said earlier, I was expecting this crisis and had told all our Dollar Vigilante subscribers (you can subscribe here) to expect a crisis of never before seen proportions at any moment now. I also told them to lighten up on our favorites, cryptocurrencies, and precious metals, as I said they would go down in the initial stages of the crisis. I stated in a number of speeches and videos over the last year that I expected bitcoin could hit a bottom near $4,000 during that crisis. And, that is almost exactly where it hit. We then pounded the tables to buy. As you pointed out, it has done incredibly well since and has proven itself as a type of safe-haven asset now. As for where it goes from here? Itll be volatile but with every central bank printing fiat currency like Zimbabwe now, precious metals and the best cryptocurrencies will skyrocket over the coming months and years in nominal terms and will do very well compared to almost anything else in real terms.

BC: BTC specifically has issues with fees, do you see other bitcoin branches or alternative cryptocurrencies doing well during a global economic depression?

I have been one of Bitcoin Core (BTCs) biggest critics of the way in which it was so slow to adapt to increased usage, particularly back in 2017 when transaction times would sometimes take days and transaction fees would sometimes be over $100. But, things have improved a lot since then. I have some doubts and issues with Segwit and the Lightning Network but I am waiting to see how that plays out. Ive said since the original Bitcoin Cash fork to hold on to all your BCH and BSV as well. There are still lots of potential pitfalls with the BTC version of bitcoin but it is by far the most widely used so I am still very bullish on it. I like a lot of the innovation and development I am seeing in BCH and BSV so continue to hold on at least a 1:1 basis with BTC and may even increase that slightly soon.

As for my favorite with the biggest potential reward, it is monero (XMR). As an anarcho-capitalist, I was drawn initially to bitcoin in 2011 as I thought it was quite a private currency. As time went on and as BTC moved even further away from a privacy focus I was thrilled to find out about Monero a few years ago. And, having a crypto team at The Dollar Vigilante and The Crypto Vigilante, they have shown just how incredible of an innovation Monero is for a truly 100% private, untrackable, untraceable currency. And, being at such a low valuation compared to bitcoin right now, I think it has the most potential to have exponential gains.

That said, governments and central banks will try everything they can to stop its usage. But, the great thing is, there isnt much they can do. And, screw them anyway, they are criminal organizations that need to find their way to the trash heap of history as a very, very, very bad, evil, deadly and stupid idea.

BC: Bank of America and many other estimates predict gold prices per ounce to jump to over $3K per ounce in 2020. Would you agree that gold will see a price increase like this due to the macroeconomic turmoil?

That sounds pretty close to what we expect for this year. Over the next 2-3 years, though, we expect much higher than $5,000. If we go right into hyperinflation, pick any number you want. It wont mean anything at that point though.

But, I dont see it rising based on macroeconomic turmoil, I see it rising as people flee hyperinflating fiat currencies for something of real value like the precious metals and some cryptocurrencies.

BC: Right now businesses are being told not to open and remain on lockdown. Many people think that their freedoms are being taken away as well. What would you tell business owners to do and average citizens who want to protect their freedoms? What should they do?

Governments should not exist. They are an illegitimate criminal organization. Every individual should make their own decisions on their own risks and rewards and act on those. Adhering to anything government tries to force on people using violence is always a horrible idea. As for losing your freedom. What freedom? The human race as a whole has never been so enslaved, tracked, and extorted. Your average person now has to ask the government for permission to do just about anything. Drive, fish, cut hair, travel. And, anyone who produces anything has more than half of it stolen by the government.

If people want any chance to have even a sliver of freedom they should immediately walk away from anything related to the government. Dont vote. Dont pay extortion fees. Dont ask for permission to do anything. Nobody owns you but you. If people ever realize that then we will have a world of peace and prosperity like weve never known it. If they dont, we are headed to something even worse than George Orwell imagined. And, he imagined a boot stamping on a human face forever. It will be worse than that if people dont wake up.

What do you think about our discussion with Jeff Berwick? Let us know in the comments below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, The Dollar Vigilante

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.

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Dollar Vigilante Founder Talks Covid-19 and Economic Crisis: 'The Modern Financial System Is at the End of It's Rope' | Interview - Bitcoin News

The CoinDesk 50: Bitmain, the Behemoth of Bitcoin Mining – CoinDesk

Founded in 2013, the Beijing-based Bitmain Technology remains at the center of the crypto economy. With its flagship AntMiner bitcoin mining equipment still dominating the hardware market and its mining pools accounting for about a quarter of the bitcoin networks computing power, it retains a uniquely powerful place in the ecosystem of by far the largest cryptocurrency and blockchain project.

Thats not to say it isnt also controversial. Its vocal support for a Bitcoin hard fork (Bitcoin Cash) in 2017, following contentious community disagreement, won the company, and its masterminds, many enemies.

This post is part of the CoinDesk 50, an annual selection of the most innovative and consequential projects in the blockchain industry. See thefull list here.

Over the years, Bitmain has been involved in many controversial developments to the point that the Chinese crypto community refers to its foes as the mining avengers. In 2017, Bitmain filed a lawsuit against Yang Zuoxing, the former design chief behind Bitmains AntMiner S9 who started a rival miner manufacturer MicroBT, over patent infringement. But Bitmain lost the case eventually.

Then in 2018, it brought another lawsuit over non-compete violation against the former creators of Bitmans mining pool BTC.com, who left the company to start a rival service PoolIn, which has become the worlds top two bitcoin mining pool by total hash rate.

Bitmains story started with Wu Jihan, one of the earliest bitcoin evangelists in China, translating Satoshi Nakamotos white paper to Chinese in 2011.

He invested in probably the worlds first known bitcoin-denominated initial public offering in 2012. It was a project started by Jiang Xinyu, a.k.a Friedcat., who was crowdfunding bitcoin to roll out an application-specific integrated circuit just for bitcoin mining.

The hardware sold well initially and sensational success followed. In 2013, Wu, with a finance and psychology degree from Chinas prestigious Peking University, decided to start his own company to manufacture mining hardware. He was joined by Zhan Ketuan, his partner on the technology side, who, in six years, would find himself ousted from the company in a coup started by Wu.

Bitcoins last halving event in the summer 2016 marked the beginning of two years of extraordinary growth at Bitmain.

In 2017 alone, still only four years old, it made $1 billion in profits. It made another $1 billion for the first six months in 2018 and then went on a high-profile fundraise in the summer, netting $700 million from external shareholders with a bet. The deal is this: if Bitmain cant go public within five years since the fundraise at an agreed term, external investors could require the company to redeem all of their investment with an interest.

At that time, Bitmain was boasting a hardware market share of nearly 80 percent. So the agreed term for the IPO was nothing but ambitious: raising at least $500 million at a valuation of no less than $18 billion.

So much has changed in 2019, since its first IPO attempt failed in March in Hong Kong.

Its rising rival, MicroBT, whose founder won over Bitmains patent infringement lawsuit, is seriously undermining Bitmains market dominance.

In 2019, Bitmains mining pools BTC.com and Antpool lost the top two spots to F2Pool and Poolin, the latter of which still has an ongoing case with Bitmain over alleged non-compete violation.

When Wu Jihan returned in a coup in November 2019 to kick out his founding partner Zhan, he told his people hes back to save the sinking ship. Whether his tough comeback will work as he expected is yet to be proven, although it appears prepared to roll out more powerful equipment to weather the upcoming halving.

It remains to be seen if Bitmain can replicate the sensational success it once had following the 2016 bitcoin halving.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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The CoinDesk 50: Bitmain, the Behemoth of Bitcoin Mining - CoinDesk

Bitcoin And Altcoins At Risk of More Losses – Cryptonews

This past week, we saw a strong bearish reaction in bitcoin price from the USD 10,000 resistance. BTC/USD broke the USD 9,500 and USD 9,000 support levels to move into a bearish zone. The price is currently consolidating above USD 8,500 and remains at a risk of more downsides.

Similarly, most major altcoins are declining and facing an increase in selling pressure, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD traded below the key USD 202, USD 200, and USD 192 support levels. XRP/USD is now (08:30 UTC) trading well below USD 0.200 and it could continue to move down towards USD 0.185 or USD 0.180.

Total market capitalization

After a failed attempt near USD 10,000, bitcoin price reacted to the downside. BTC broke many key supports near USD 9,500 and USD 9,000 to move into a short term bearish zone. It tested the USD 8,200 support zone and currently consolidating losses above USD 8,500. On the upside, an initial resistance is near USD 8,850, but the main weekly resistance is now near USD 9,000.On the downside, a break below the USD 8,500 support could open the doors for more downsides towards the USD 8,200 and USD 8,000 levels in the near term.

Ethereum price failed to stay above the USD 202 and USD 200 support levels. ETH even settled below USD 192 and it is currently consolidating near USD 185. If there are more downsides, the next major support is seen near the USD 178 and USD 175 levels.On the upside, an initial resistance is near the USD 192 level. The main weekly resistance is now near the USD 200 zone (the previous key support), above which the price could revisit USD 220.

Bitcoin cash price declined heavily below the USD 245 and USD 240 support levels. BCH/USD tested the USD 220 support zone, but it is now trading in a bearish zone. To start a fresh increase, the bulls need to push the price above USD 230 and USD 235 levels. On the downside, a break below USD 220 might call for a test of USD 205.Litecoin declined sharply below the USD 45.00 support level. LTC even broke the USD 42.20 level and tested the USD 40.00 level. It is currently correcting higher, but the USD 42.20 and USD 43.20 levels are likely to act as key hurdles for the bulls in the near term.XRP price declined sharply from well above USD 0.215 and settled below the USD 0.200 support. It tested the USD 0.182 support zone and currently attempting a decent recovery. However, the previous supports near USD 0.200 and USD 0.202 are likely to act as major hurdles for the bulls.

In the past three sessions, a few small-capitalization altcoins gained more than 5%, including CRPT, SNT, RCN, LEND, RDD, ZIL, BHT, TNT, ENJ, REP, and FXC. Conversely, HYN, THETA, ZRX, XTZ, BCN, BSV, and NEO are down more than 8%.

Overall, bitcoin price is showing bearish signs below USD 8,850. To start a fresh upward move, BTC must climb and settle above USD 9,000. If not, the bears are likely to aim a test of the USD 8,000 support._____

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Bitcoin And Altcoins At Risk of More Losses - Cryptonews

Renewed Bitcoin Rally May Be Triggered by This $2 Trillion Investor Cash Pile – Bitcoinist

Bitcoins growing correlationwith the U.S. equities could lead its spot price further higher, according to a suggestive analysis.

Analysts at Unigestion said in a note that investors are holding $2.3 trillion worth of cash and cash-based securities on the sidelines. The U.S. money market funds, for instance, have attracted an inflow of $1.1 trillion during the coronavirus pandemic. Meanwhile, bank deposits have shot up to $1.2 trillion since stocks crashed in February.

The Swiss investment management firm tracked hedge fund strategies to realize that they find risk-on assets attractive at their lower positionings. It further noted that declines in the U.S. equities realized and implied volatility could lead institutional investorsin favor of holding riskier assets.

This mountain of cash could be invested in the short term if the Covid-19 curve continues to decline, Unigestion told FT.

Unigestions assessment surfaced after Bitcoin, and the Wall Street index closed higher in sync amid cautious reopening of economies across the world. While the cryptocurrency surged 1.58 percent, the U.S. benchmark S&P 500 index climbed 0.9 percent.

Analysts noted that easing lockdown policies could bring economies back in business, which would lead up to higher, if not the best, corporate earnings in the second quarter. Helped further by accommodating central bank policies, U.S. firms have scope to give back employment opportunities, long after witnessing a stunning rise in joblessness (over 20 billion).

US labor data | Source: Vox

Under that scenario, investors can take a portion of their cash holdings to invest it across the risk markets.

Bitcoin could benefit as well, owing to its long-term bullish scenario post halving. Meanwhile, the cryptocurrency has tailed the gains and losses in the S&P 500 with a record positive correlation. And given the fears of the second wave of coronavirus, both retail and institutional investors could hold it for its short-term, higher risk-reward profile.

Market sentiment is very volatile. As such, the trajectory of global markets will depend on how the coronavirus pandemic fares after reopening economies tentatively. A medium-term loss of economic activity would end up reducing demand for all the unnecessary assets, even Bitcoin.

The massive injection of money by central banks can only delay a bear market. Should this bear market continue longer than it has, investors will dump their BTC and stock positions to seek shelter in cash, once again.

As BitMEXs CEO wrote in a recent newsletter:

Bitcoin will be owned unlevered. Could the price retest $3,000? Absolutely. As the SPX rolls over and tests 2,000 expect all asset classes to puke again.

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Renewed Bitcoin Rally May Be Triggered by This $2 Trillion Investor Cash Pile - Bitcoinist

Vitalik Buterin criticizes Bitcoin for its centralized middlemen and defends Ethereum – Crypto News Flash

Vitalik Buterin was at the centre of a discussion on the present and future of the two main cryptocurrencies: Bitcoin and Ethereum. The debate was initiated on Twitter by the user Danger. The user affirmed that both cryptocurrencies are on the same path and emphasized that Bitcoin and Ethereum not only share values and principles, but also objectives. In that sense, he urged the users of these cryptocurrencies and their community to agree and work accordingly:

Vitalik Buterin founded Bitcoin Magazine. I think this fact is important for both Bitcoiners and Etherians to digest. The core values that drive Ethereum and Bitcoin are not all that different and the end goals are the same.

Immediately, the publication received a response from the community of both cryptocurrencies. For example, Dan Hedl, co-founder of Zero Block, responded that Buterin has attempted to destroy Bitcoin. Hedl expanded his commentary upon receiving a response from Buterin, and outlined 4 points that contributed to what he called the destruction of Bitcoin or at least harmed the network in his opinion. His argument is mainly centered on Buterins support, according to Hedl, for the Bitcoin Cash hard fork:

Marginalizing/persecuting Bitcoiners by calling them maximalists

Trying to undermine confidence in the core dev teams, roadmap, and feature set

Supporting the fork attack called bcash

False equivalency attacks calling bitcoin effectively premined

However, Buterin rejected Hedls statements. The conversation continued when Hctor Crdenas, founder of the website CriptoNoticias, responded that although Buterin may still be following a Bitcoiner, the cryptocurrencies share no common objectives. Crdenas said the Ethereum is in fact prolonging the legacy financial system with the DeFi sector. This sector allows users to take out loans, acquire debt and access other services offered by traditional banks, but using Ethereums platform and smart contracts. Buterin established the opposite:

I really and truly think its the opposite. BTC people seem happy to have lots of centralized middlemen (bitmex, tether, liquid.) and its the ETH community thats trying to decentralize these functions with smart contract constructions.

Although it was impossible to reach a consensus on the similarities that could exist between Bitcoin and the Ethereum and how both projects could work to their mutual benefit, Buterin made a proposal. The co-creator of Ethereum has stated that he wants to build a bridge between BTC and ETH. According to Buterin, it is shameful that there is no mechanism to make swaps between the two cryptocurrencies. Buterin proposed the creation of a decentralized exchange to resolve the issue:

We should put resources toward a proper (trustless, serverless, maximally Uniswap-like UX) ETH <-> BTC decentralized exchange. Its embarrassing that we still cant easily move between the two largest crypto ecosystems trustlessly.

At the time of publication, Bitcoin and Ethereum share the general feeling of the market. BTC has a price of $8,740 with a loss of 8.79%, while the ETH has a price of $189 with a loss of 9.86% in the last 24 hours.

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Vitalik Buterin criticizes Bitcoin for its centralized middlemen and defends Ethereum - Crypto News Flash

Telegram Forces US Investors to Take 72% Refund and Exit Gram Token Project | Altcoins – Bitcoin News

Telegram is now forcing U.S investors to immediately exit its TON blockchain project by accepting a 72% refund on their original investment.

The encrypted messaging platforms unexpected volte-face also disqualifies American investors from the loan option, which promised a 110% refund either in Gram token or in any other cryptocurrency.

According to a letter sent to investors on May 4, Telegram said American-based investors will not be allowed to stay another 12 months in the project. The decision has been necessitated by regulatory challenges in the U.S., it said.

Telegram now expects to launch its Gram token next April, after failing to do so twice in the past. The latest failure came a week ago.

Unfortunately, given your status as an investor from the United States and based on later discussions with the relevant authorities and our lawyers, we made the difficult decision not to use this option with you due to an uncertain regulatory attitude in the United States, the company stated.

Last week, Telegram tabled two options to refund all investors who channeled $1.7 billion into the Telegram Open Network (TON) in 2018: either receive 72% of their investment immediately or loan Telegram for a year, then be paid in cash, Gram or another crypto, with an additional 10% bonus.

However, the new letter reportedly retracted from the crypto option too, meaning loan refunds will be in cash or something else apart from digital currency. This is contrary to an offer from a week ago.

.We have made the difficult decision not to pursue an option involving grams or another cryptocurrency due to its uncertain reception from the relevant regulators, Telegram told investors.

The company has faced serious legal challenges. The U.S Securities and Exchange Commission (SEC) wants the Gram project stopped because of alleged illegal activity by the Telegram development team.

What do you think about Telegrams treatment of U.S investors? Let us know in the comments below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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.

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Telegram Forces US Investors to Take 72% Refund and Exit Gram Token Project | Altcoins - Bitcoin News

Bitcoin Cash DeFi Startup Raises $1 Million in Seed Round – Cointelegraph

The General Protocols startup is developing its Decentralized Finance (DeFi) vision on Bitcoin Cash after raising more than $1 million in a seed funding round.

This round of funding allows the Singapore-based team to develop their flagship product AnyHedge on Bitcoin Cash. Anyhedge is an open source derivatives tool that exchanges and OTC desks can embed allowing them to create new markets with smart contracts.

The funding came from investors including cryptocurrency trader Marc De Mesel and BCH thought leader Molecular, and the team includes two former Bitcoin.com employees and individuals who helped build the voluntary BCH Cash fundraising project Flipstarter.cash.

DeFi refers to digital assets and financial smart contracts, protocols and decentralized applications (DApps) built on various blockchains.

The President of General Protocols said:

We are delighted that aligned investors are supporting us in our vision to bring DeFi to Bitcoin Cash. We are building a team of dedicated supporters of peer to peer electronic cash here at General Protocols.

DeFi on Bitcoin Cash faces an uphill battle due to the network effects of Ethereum based projects. According to defiprime.com, of the 213 DeFi projects listed, 199 are built on Ethereum, with roughly 10% being supported by other platforms such as Bitcoin (BTC), EOS (EOS) or Tron (TRX).

In February this year, the amount locked in the Defi market hit an ATH of $1.24 billion in USD value before dropping back to $887 million (as of press time) with 99% of that on Ethereum. Bitcoins Lightning Network only has $9.3 million locked (1.05% of total value locked).

Total value locked in DeFi markets, May. 8. Source: defipulse.com

Last year Bitcoin Cash released their own version of a generic ERC-20 token via their Simple Ledger Protocol (SLP). While only 30 SLP tokens have been created to date, the largest stable coin Tether has launched on Bitcoin Cash.

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Bitcoin Cash DeFi Startup Raises $1 Million in Seed Round - Cointelegraph

The Crypto Daily Movers and Shakers -09/05/20 – FX Empire

Bitcoin fell by 1.88% on Friday. Partially reversing a 9.06% rally from Thursday, Bitcoin ended the day at $9,792.4.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $10,025 before hitting reverse.

Falling short of the first major resistance level at $10,340.07 and 62% FIB of $10,034, Bitcoin slid to a mid-morning intraday low $9,705.0.

Steering clear of the first major support level at $9,324.07, Bitcoin bounced back to $10,000 levels before a late slide.

Falling short of the 62% FIB of $10,034, Bitcoin slid back to $9,700 levels to end the day in the red.

The near-term bearish trend, formed at late June 2019s swing hi $13,764.0, remained firmly intact, reaffirmed by the March swing lo $4,000.

For the bulls, Bitcoin would need to break out from $10,000 levels to form a near-term bullish trend.

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

Bitcoin Cash ABC rose by 2.71% to lead the way.

Binance Coin (+0.53%), Bitcoin Cash SV (+0.91%), Cardanos ADA (+1.19%), Litecoin (+0.65%), Stellars Lumen (+0.41%), Tezos (+1.14%), and Trons TRX (+1.10%) also saw green.

It was a bearish day for the rest, however, with Moneros XMR sliding by 3.52% to lead the way down.

EOS (-0.64%), Ethereum (-0.43%), and Ripples XRP (-0.05%) also joined Bitcoin in the red.

Through the current week, the crypto total market cap rose from a Monday low $240.56bn to a Friday high $271.32bn. At the time of writing, the total market cap stood at $269.10bn.

Bitcoins dominance held onto 65% levels following Mondays modest loss, before the mid-week breakout that delivered 68% levels. At the time of writing, Bitcoins dominance stood at 67.5%.

24-hour trading volumes fell to a Tuesday current week low $145.07bn before jumping to a Friday high $205.18bn. At the time of writing, 24-hr volumes stood at $168.77bn.

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The Crypto Daily Movers and Shakers -09/05/20 - FX Empire

The Crypto Daily Movers and Shakers -08/05/20 – Yahoo Finance

Bitcoin rallied by 9.06% on Thursday. Following on from a 1.47% gain on Wednesday, Bitcoin ended the day at $9,979.6.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $9,029.0 before making a move.

Steering clear of the first major support level at $8,904.73, Bitcoin rallied to a final hour intraday high $10,045.0.

Bitcoin broke through the first major resistance level at $9,409.13 and the second major resistance level at $9,666.77.

More significantly, Bitcoin tested resistance at the 62% FIB of $10,034 before easing back to sub-$10,000.

The near-term bearish trend, formed at late June 2019s swing hi $13,764.0, remained firmly intact, reaffirmed by the March swing lo $4,000.

For the bulls, Bitcoin would need to break out from $10,000 levels to form a near-term bullish trend.

Across the rest of the majors, it was a bullish day for the pack on Thursday.

Moneros XMR led the way, rallying by 12.33%.

Bitcoin Cash ABC (+5.59%), Cardanos ADA (+4.69%), EOS (+4.14%), Ethereum (+6.72%), Litecoin (+5.37%), and Stellars Lumen (+4.09%) also found strong support.

Binance Coin (+3.84%), Bitcoin Cash SV (+2.71%), Ripples XRP (+3.23%), Tezos (+2.39%), and Trons TRX (+3.83%) trailed the front runners.

Through the current week, the crypto total market cap rose from a Monday low $240.56bn to a Thursday high $270.61bn. At the time of writing, the total market cap stood at $269.25bn.

Bitcoins dominance held onto 65% levels following Mondays modest loss, before the mid-week breakout that delivered 68% levels. At the time of writing, Bitcoins dominance stood at 67.8%.

24-hour trading volumes fell to a Tuesday current week low $145.07bn before jumping to a Thursday high $195.08bn. At the time of writing, 24-hr volumes stood at $194.91bn.

At the time of writing, Bitcoin was down by 0.67% to $9,912.4. A mixed start to the day saw Bitcoin fall to an early morning low $9,857.1 before striking a high $10,025.0.

Bitcoin left the major support and resistance levels and the 62% FIB untested early on.

Elsewhere, it was another bullish start to the day for the rest of the majors.

Cardanos ADA led the way, rallying by 2.41%, with Bitcoin Cash SV up by 1.93%.

Bitcoin would need to move back through to $10,000 levels to bring the first major resistance level at $10,340.07 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from the 62% FIB of $10,034.

Barring a broad-based crypto rally, the 62% FIB would likely leave Bitcoin short of the first major resistance level.

In the event of another breakout, $10,500 levels could come into play before any pullback.

Failure to move through to $10,200 levels could see Bitcoin fall deeper into the red.

A fall through back through to sub-$9,685 levels would bring the first major support level at $89,324.07 into play before any recovery.

Barring a crypto meltdown, however, Bitcoin should steer clear of sub-$9,700 levels.

This article was originally posted on FX Empire

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The Crypto Daily Movers and Shakers -08/05/20 - Yahoo Finance

What is an online bitcoin wallet? – iNVEZZ

Also known as a web wallet, an online wallet is a way ofstoring your bitcoinon the internet. In other words, its a wallet that runs on your browser, just like a website. Online wallets are regarded as more vulnerable to hacks than other types of wallet, but they are very convenient as you can access your wallet anywhere as long as you have an internet connection.

Web wallets are designed to be very user-friendly. You begin by signing up with your preferred provider, which is simple and quick. You will then access your account with a username and password. Sending or receivingbitcoinis easy because all you need is your wallet address (for receiving money) and the address you want to send bitcoin to (for transferring out).

Yes, online wallets are very much like online banking portals for bitcoin. Like online banking, you can log on with your password and carry out transactions, see your balance, and look at your transaction history on the website of your wallet provider.

When it comes to bitcoin wallets there are a number of options from which to choose:

Yes, online wallets are completely free. All you need to do is choose your preferred provider, sign up, and start using your wallet.

There are no additional fees that you have to pay to the provider in order to use your online wallet. However, theres a small transaction fee charged when you spend bitcoin (but not when you receive it). These transaction fees are to pay the miners who verify the movement of bitcoin on the blockchain. Typically these are very low, usually around 0.2mBTC (which means two thousandths of a bitcoin under 2). Most wallets will also give you an option of paying a higher amount in order to motivate miners to verify your transactions faster.

There are many different web wallet services to choose from, heres a small selection of some of the best known:

Yes, you will find online wallets, such as Blockchain, that support a variety of different cryptocurrencies includingEthereumand bitcoin cash. The widest variety of coins, however, will usually be able to be held in web wallets that have integrated exchanges, such as Coinbase.

In some cases, online wallets are exchanges. If you use an option such as Coinbase, you can not only store your coins, but also buy andtrade other cryptocurrenciesthat are then automatically held in the wallet. Other online wallets that hold multiple currencies will often allow you to transfer different currencies between each other (for instance changing bitcoin into litecoin) within the wallet.

Yes, but exactly how will depend on your chosen platform. As a web wallet is like an online account, each company will have security features that allow you to gain access in case you forget your password. Wallets such as Blockchain allow you to set up your recovery seed and enter the 12-word recovery phrase when you lose your password in order to create a new wallet with your balance. Others such as Coinbase have an option for resetting your password, where you get an email with a link to set up a new password. Just to be safe, its better you write down your password somewhere and keep it safe in case you ever forget it.

Setting up an online bitcoin wallet is much like registering for an account on any other online service. Every provider will be slightly different, but usually this is how it will go:

Web wallets are the least secure type of wallet and are not recommended for storing anything more than a small number of bitcoins. The major risks associated with them are being targeted by hackers, as their servers will hold the information of a lot of different bitcoin wallets. This isnt to be alarmist, all online wallet providers will have strong security, but the risks are there.

The main advantage is being able to access your bitcoin wallet anywhere and on any device, provided you have an internet access. Also, the fact that many online wallets are exchanges means you can change your coins into othercryptocurrenciesand react quickly to market fluctuations to cash in on the profits.

It depends. Yes, if you want to be accessing your coins quickly for the purpose of making payments and exchanging; no, if you are looking for a safer option to store a large amount of coins. If your goal is long-term investment, you are better off with a hardware or paper wallet. An online wallet is only recommended for holding a small amount of bitcoin.

Right here. We have reviewed all the options to help you narrow down to the best online wallet for your needs. Go ahead and read through our reviews to find your perfect web wallet. Or continue to the next lesson.

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What is an online bitcoin wallet? - iNVEZZ

Bitcoin Gains Traction Ahead of Halving, Altcoins Struggle To Follow – Cryptonews

In the past two days, there was a steady rise in bitcoin price above the USD 9,000 and USD 9,200 resistance levels. BTC even broke the USD 9,500 resistance and spiked above USD 10,000. It is currently (08:30 UTC) correcting lower, but dips remain supported above USD 9,550 and USD 9,500.

However, there was lack of bullish momentum in most major altcoins, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD is up close to 2% and it failed to stay above the USD 212 resistance. XRP is now well below the USD 0.220 resistance and it might revisit the USD 0.212 support zone.

Total market capitalization

There was a strong increase in bitcoin price above the USD 9,500 resistance. BTC gained more than 6% and broke the USD 9,800 and USD 10,000 resistance levels. It topped near the USD 10,080 level and recently started a downside correction. The price is currently trading below USD 10,000 and it is approaching the USD 9,800. The main supports on the downside are near USD 9,550 and USD 9,500.On the upside, a successful close above the USD 10,000 level might open the doors for another leg higher towards the USD 10,500 and USD 10,800 levels.

Ethereum price spiked above the USD 212 resistance level, but it failed to gain bullish momentum. ETH is now trading near USD 210 and it might continue to move down. The first support is near USD 208, below which the price might to revisit the USD 202 and USD 200 support levels.On the upside, a successful close above USD 212 and a follow-through above USD 215 are needed for a strong upward move.

Bitcoin cash price is rising and trading above the USD 250 resistance. If BCH/USD continues to rise, it could test the USD 265 resistance level. The next key resistance is near USD 275. If the price fails to stay above USD 250, it could correct lower towards USD 240 or USD 235.Litecoin remained well bid above the USD 45.00 resistance and it is now trading above the USD 46.20 level. An initial resistance is near USD 47.50, followed by the key USD 48.50 resistance. Any further gains could lead LTChttps://www.tradingview.com/symbols/LTCUSD/ towards the USD 50.00 level. On the downside, a break below USD 45.00 might call for a push to USD 42.50.XRP price failed to continue higher above USD 0.220 and it started a fresh correction wave. It is trading below USD 0.218 and it might continue to move down towards USD 0.212 and USD 0.210. On the upside, a close above USD 0.220 and USD 0.222 is needed for a steady rise to USD 0.235.

In the past three sessions, many smaller altcoins gained more than 6%, including CRPT, ZRX, ABBC, LEND, KMD, MAID, RCN, XMR, OMG, ICX, HOT, DATA, NEO, THETA, and VET.

Overall, bitcoin price is trading in a bullish trend ahead of the upcoming halving event. If BTC settles above USD 10,000, it could start a strong rally towards USD 10,800 or even USD 11,200._____

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Bitcoin Gains Traction Ahead of Halving, Altcoins Struggle To Follow - Cryptonews

What is a bitcoin hardware wallet? – iNVEZZ

A bitcoin hardware wallet, also known as a hard wallet, is a physical electronic device that stores your bitcoins. Hardware wallets are the most secure type ofBitcoin walletsand act like cryptocurrency safes, important for after having paid for your bitcoin.

Exactly how your hardware wallet will function depends on which model you buy some will have display screens, some will have different security features such as PINs and backup recovery phrases, and some can be as simple as a USB. What they all do, however, is give you a wallet address that stores yourbitcoinscompletely offline to keep them out of reach for hackers. Think of hard wallets as miniature computers that can handle bitcoin transactions without having to be connected to the internet.

When it comes to bitcoin wallets there are a number of options from which to choose:

Hardware wallets are more secure, and the only type of wallet that comes in the form of a physical device rather than something you download (or make in the case of a paper wallet). Hard wallets are cold wallets meaning that they keep all bitcoins offline. This makes hard wallets safer than mobile or desktop wallets, which are stored on devices connected to the internet, or online wallets, which are hosted directly.

There are a variety of hardware wallets, with each coming with unique security features and extras. Here are factors you need to keep in mind when choosing one:

The main purpose of hardware wallets is to secure your bitcoins. Hard wallets typically require you to set up a PIN code that you will have to use to access the wallet, so in case you lose your device nobody else can access your coins. Another feature you should look out for is the recovery seed. This feature allows you to add a custom phrase, with which you can restore your hardware wallet if it gets lost or damaged (this is very important or you could lose access to your coins forever).

Some hardware wallets such as Trezor and KeepKey have display screens that allow you to view details of your transactions without having to connect the devices to a computer. Others, such as Ledger HW.1 wallet dont have this display screen, meaning that you will need to connect them to a computer when you need to use them.

There are very intuitive hardware wallets out there, and ones that are more complex. There are those, such as Trezor, which dont require you to have a very technical understanding of cryptocurrencies: all you need to do is turn them on and start using the device. And there are those, such as Ledger Nano S, that need to be connected to a computer and configured first. As a whole, hard wallets do not require much technical knowledge and are generally very easy to get to grips with.

Generally, all hardware wallets are small (easily fitting in your hand), but some, such as the Ledger HW.1, are tiny. Some are also shaped like cards (such as Bitlox, and BitBox) whereas others are shaped like the normal flash drives (Ledger Nano S and Opendime). Depending on how/where you want to store your wallet, size and shape could be a factor you want to consider.

Yes. Like with any other wallet, transactions between bitcoin hardware wallets are completely anonymous. Only wallet IDs display on the blockchain and theres no way of tracing them back to your identity.

Sometimes you may need to download the software and configure your hardware, but it all depends on the hardware wallet youre using. Most popular hardware wallets such as Trezor and KeepKey will only require you to download a plugin/extension from Google Chrome and configure your device, which includes setting up a PIN. If you are using Ledger Nano S, you will just need to connect it to your computers USB port and follow the instructions.

Each different hardware wallet will have its own steps to set up, but dont worry because they are usually very simple and involve plugging in the device via USB and going to the companys website. However, there are hardware wallets such as Trezor and KeepKey that will require you to download an extension on your Chrome in order to configure the wallet. As you set up the hardware, remember its imperative that you record the recovery seed. This is a string of words (usually 24) to help you restore your wallet in the future should the device get stolen. You can read more about recovery seeds in our FAQ section.

Its simple. Heres how to go about it:

Set up your device and access your wallet (whether thats through the in-built screen, website, or specific software will depend on the device). Generate the bitcoin address (public key) by clicking Receive and copy it. Go to the platform/wallet you wish to transfer your bitcoins from, choose the send option, and paste/enter the wallet address (public key) you had earlier generated. Hit send and the bitcoins will transfer to your hard wallet usually instantly.

Plug in your device to a computer and launch your wallets official app or a compatible desktop app to unlock the wallet. Go through the security steps (password/pin number etc.) to open it. Go to the Send option and enter the wallet address to which you would like to send bitcoin.

If you havent recorded your recovery seed, it can be a real problem because theres no way you will be able to access your bitcoins and its more than likely youve lost those coins forever. Fortunately, if you have taken the necessary backup steps then there are steps you can take to restore your hardware wallet. Exactly where you have to go to enter your recovery phrase will depend on the wallet, but once you have done so you will regain access to your coins.

While there are many companies producing bitcoin hardware wallets, theres only a few of them that are well known to dominate this industry with quality hardware. The most popular brands include:

Ledger is run by security experts in cryptocurrencies and blockchain applications and is one of the most trusted providers around. Some of Ledgers products include Ledger Nano S (most recent bitcoin hardware), Ledger Nano USB hardware wallet, and Ledger HW.1 USB Smartcard hardware wallet.

TREZORs hardware wallets have a reputation of being both very secure and easy to use. Aesthetically designed and with an inbuilt screen, their signature product the TREZOR One is a very popular option for storing bitcoin and other cryptos.

The KeepKey hard wallet is compatible with a number of digital assets, including Ethereum, Bitcoin, Bitcoin Cash, Litecoin, Dash, Dogecoin, and Namecoin. It also has an LED display and great security features.

CoolWallet S is the main hardware wallet developed by CoolBitX, a Taiwanese company founded in 2014. It aims to build a bridge that connects blockchain and widespread public use. Its hardware wallet is sleek, slim and light (like a credit card) and can secure several cryptocurrencies (Bitcoin, Ripple, Ethereum, Litecoin and Bitcoin Cash).

This is another brand thats known for developing hardware wallet with ample features and compatibility. One of its hardware wallets the BitLox Advanced can store up to 100 different wallet addresses and is slim enough to fit in your regular wallet. Other products it offers are BitLox Ultimate, BitLox Advanced, and BitLox Extreme Privacy Set.

This Company believes in a future where entrepreneurs and individuals will enjoy independence in their digital world, without worrying about cyber theft. Their flagship product is the BitBox, a very compact USB bitcoin hardware wallet.

Well, it depends on how you want to use your bitcoins. If youre looking to trade regularly then they can be inconvenient because you will need to keep transferring your coinsfrom your hard wallet to an exchange. If your goal is to hold your bitcoins for long-term, they are by far the most secure option.

Thats the easy part. Browse through our reviews and find the right hardware wallet for your needs. We have only reviewed the quality and most reputable hardware to ensure you get a perfect fit.

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What is a bitcoin hardware wallet? - iNVEZZ

Market Wrap: Interest in Bitcoin Rises as Prices Near $10K, but Can It Continue? – CoinDesk

The clock is ticking down to the expected halving event on Monday and bitcoin is capturing the interest of investors who may not normally follow the cryptocurrency markets.

At press time, bitcoin (BTC) was trading up less than 1 percent over 24 hours at $9,966 and above its 10-day and 50-day moving averages,bullish technical indicators. The cryptocurrency has spent much of its U.S. trading hours with a $9,900 handle on spot exchanges like Coinbase, a small retreat after briefly breaking above the $10,000 barrier Thursday.

Most of the people I know are buying bitcoin and gold as a hedge against global recession. Most likely this trend will continue to grow strong, said Constantin Kogan, partner at crypto fund of funds BitBull Capital.

A boost above the $10,000 price level is certainly a big draw if you are interested in bitcoin. Whats more, conversations about the bitcoin reward halving, expected Monday, May 11, have increased in the past week. Kogan believes bitcoin prices can push up to as much as $12,000 before the halving, an every-four-years event that this time will lower bitcoins generation of new cryptocurrency from 12.5 to 6.25 BTC.

Additionally, investor Paul Tudor Jones II, who manages $38 billion in assets, published an outlook and change to one of his funds strategies to reflect trading in bitcoin futures on Thursday.

Paul Tudor Jones has written quite a knowledgeable piece on bitcoin. Adoption on Wall Street-fueled halving-FOMO is my bet, said Henrik Kugelberg, a Sweden-based over-the-counter crypto trader.

Its clearly lots of casual investors coming in and picking it up. Im even getting friends and contacts asking me again, said Chris Thomas, head of digital assets at Swissquote Bank.

However, in his note, Jones revealed his funds strategy is around bitcoin derivatives, likely on advanced futures platforms like CME, not purchasing spot bitcoin on exchanges like Coinbase. We have set the initial maximum exposure guideline for purchasing bitcoin futures to a low single digit exposure percentage, Jones wrote in his outlook titled The Great Monetary Inflation.

Indeed, derivatives such as futures are seeing an uptick, and Swissquotes Thomas expects an interesting dynamic in the coming weeks. As more investors have conversations on bitcoins place in an uncertain global economy, professional traders active in the crypto derivatives market are hedging their bets with both futures and options.

The crypto options market is experiencing record highs over $1 billion but there are more bearish bets in the form of put options than bullish calls. Looking at bitcoin options we can see that puts are more expensive than calls, said Thomas. This implies that more people are picking up downside protection.

New money is driving us higher ahead of the halving and professionals will push us lower afterwards, he added. Medium term, still very much bullish, just short term were in for a rough ride.

Digital assets on CoinDesks big board are mostly in the green on Friday. Ether (ETH), the second-largest cryptocurrency by market capitalization, less than a percent in 24 hours, trading at $213 as of 20:00 UTC (4:00 p.m. EDT).

Cryptocurrency winners include neo (NEO) in the green 6.6%, iota (IOTA) climbing 5.5%, and bitcoin cash (BCH) higher by 3.7%. Losers include dogecoin (DOGE) in the doghouse down 2.2% and decred (DCR) losing 1%. All price changes were as of 20:00 UTC (4:00 p.m. EDT) Friday.

In commodities, oil mostly traded flat but rallied late, up 4.6% Friday. Gold is trending down today, down less than a percent and closed the New York trading session at $1,706. For the year, the yellow metal is up 13%.

In the United States, the S&P 500 index of large cap stocks was up 1.7% despite the worst jobs report in over seven decades; 20 million people were laid off from work in April and the unemployment rate is now at a devastating 14.7%. U.S. Treasury bonds were mixed. Yields, which move in the opposite direction as price, were up most on the 10-year, in the green 4.8%.

In Europe the FTSE Eurotop 100 index of publicly traded companies ended trading up 2.3%.

The Nikkei 225 index in Asia ended its day up 2.5%. Its a surge attributed to positive news surrounding Japanese policymakers planning to subsidize landlords of small businesses up to $20 billion over the next six months.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Market Wrap: Interest in Bitcoin Rises as Prices Near $10K, but Can It Continue? - CoinDesk

Latest Bitcoin Cash price and analysis (BCH to USD) – Coin Rivet

Bitcoin Cash has failed to break above the daily 200 moving average in spite of a wider rally across the cryptocurrency market.

While Bitcoin and Ethereum both enjoyed staggering surges to the upside, Bitcoin Cash struggled to make progress after suffering a brutal rejection 200MA.

Even though it momentarily rallied to $276 Bitcoin Cash soon lost momentum before falling back down to the $255 level of support.

The failure to form a crucial lower high signals a distinct lack of optimism from investors and traders, with the potential of a correction now becoming increasingly likely.

Downside price targets continue to emerge at both $238 and $200, although a re-test of the low at $142 may also come into fruition if Bitcoin Cash continues to struggle on lower time frames.

When compared against its BTC trading pair BCH is 40.68% down since February 14 which demonstrates how far it has fallen in such a small space of time.

In order for Bitcoin Cash to invalidate its bearish forecast it needs to begin closing daily candles above the daily 200MA, which is currently in confluence with the $269 level of resistance.

Following on from that it would need to trade back above $282 as this was the point the sell-off began in early March.

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

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:

US Dollar BCHtoUSD

British Pound Sterling BCHtoGBP

Japanese Yen BCHtoJPY

Euro BCHtoEUR

Australian Dollar BCHtoAUD

Russian Rouble BCHtoRUB

Bitcoin BCHtoBTC

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.

If you want to find out more information about Bitcoin Cash orcryptocurrenciesin general, then use the search box at the top of this page. Heres 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 ofcryptocurrency guidesalong with the latest cryptocurrencynews.

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Latest Bitcoin Cash price and analysis (BCH to USD) - Coin Rivet

Bitcoin Cash News Today – Bitcoin Cash BCH Moves Above the $250 Level Before Downside Correction Kicks In – May 2nd, 2020 – Smartereum

Bitcoin Cash BCH News Today Bitcoin Cash BCH joined Bitcoin and the rest of the cryptocurrency market in the bull run during the week. The token moved to the $280 level before or faced resistance. Thankfully, the bears resumed control of the market as the bulls were unable to sustain their grip against the USD. The price of Bitcoin Cash BCH fell as low as $250 before the uptrend resumed again driving the price as high as $256 against the USD. Strong support was set at the 250 level.

With strong support firmly at the $250 Level, it is possible that the bulls havent lost their momentum. Moving higher against the USD will see the price of Bitcoin Cash retest the $280 level which it tested last week. If the bulls can move above this $280 level which now serves as strong resistance, higher highs to the $350 level will be possible. The next key resistance levels after this would be $440, $480 and $520. Otherwise, if the support at $250 is lost, there is a high possibility that the token will fall as low as $200 eventually. Apart from this crucial support, there are other key support levels at $160 and $120.

Bitcoin Cash (BCH) Price Today BCH / USD

The price of Bitcoin Cash BCH is currently below the 80% daily stochastic indicator. This proves that even though the bears are exhausting their momentum, there is still a fight between the bears and the bulls. The bulls are strong around the $250 level and would most likely support higher highs near-term. At the time of writing, the price of Bitcoin Cash BCH was $256.66. It is down by 0.89% against the USD and down by 0.79% against the price of Bitcoin BTC. The trading volume over a 24 hour period is $3,156,941,123 and the market capitalization is $4,721,447,103.

It is important to note that the price of the BCH token is correcting lower along with the price of Bitcoin BTC and many other top cryptocurrencies on CoinMarketCap. Bitcoin BTC was unable to test the $9000 level despite the bullish pressure during the week. It is still holding strong at $8,883.22 and would hold this level as long as the bears dont put too much pressure on the market.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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Bitcoin Cash News Today - Bitcoin Cash BCH Moves Above the $250 Level Before Downside Correction Kicks In - May 2nd, 2020 - Smartereum

The Crypto Daily Movers and Shakers -03/05/20 – Yahoo Finance

Bitcoin rose by 1.81% on Saturday. Following on from a 2.23% gain on Friday, Bitcoin ended the day at $8,982.3

A mixed start to the day saw Bitcoin fall to an early morning intraday low $8,756.2 before making a move.

Steering clear of the first major support level at $8,609.53, Bitcoin rallied to a late afternoon intraday high $9,004.0.

Falling short of the first major resistance level at $9,053.03, Bitcoin briefly slid to sub-$8,900 levels and into the red.

Finding late support, however, Bitcoin broke back through to $8,900 levels to wrap up the day in the green.

The near-term bearish trend, formed at late June 2019s swing hi $13,764.0, remained firmly intact, reaffirmed by the March swing lo $4,000.

For the bulls, Bitcoin would need to break out from $10,000 levels to form a near-term bullish trend.

Across the rest of the majors, it was a bullish day for the pack on Saturday.

Litecoin, Stellars Lumen, and Tron TRX led the way, with gains of 4.56%, 3.92%, and 3.05% respectively.

Bitcoin Cash ABC (+2.27%), EOS (+2.52%), Ethereum (+1.02%), Moneros XMR (+1.93%), Ripples XRP (+2.80%), and Tezos (+1.16%) also found strong support.

Binance Coin and Bitcoin Cash SV trailed the back with more modest gains of 0.46% and 0.84% respectively.

Following a 7.17% breakout on Friday, Cardanos ADA slipped by 0.08%, however, to buck the trend on the day.

Through the current week, the crypto total market cap rose from a Monday low $220.56bn to a Thursday high $263.29bn. At the time of writing, the total market cap stood at $255.17bn.

Bitcoins dominance recovered to 64% levels following Wednesdays breakout before breaking through to 65% levels. At the time of writing, Bitcoins dominance stood at 65.6%.

24-hour trading volumes rose from sub-$130bn levels to a Thursday high $253.89bn before sliding back. At the time of writing, 24-hr volumes stood at $145.81bn.

At the time of writing, Bitcoin was up by 1.87% to $9,150.0. A bullish start to the day saw Bitcoin rally from an early morning low $8,944.6 to a high $9,198.0.

Steering clear of the major resistance levels, Bitcoin broke through the first major resistance level at $9,072.13 and second major resistance level at $9,161.97.

Elsewhere, it was a bullish start to the day for the majors.

Bitcoin Cash ABC (+1.19%), Bitcoin Cash SV (+1.45%), Cardanos ADA (+1.02%), EOS (+1.50%), Ethereum (+1.53%), and Tezos (+1.08%) led the way early on.

Bitcoin would need to break back through the second major resistance level at $9,161.07 to bring $9,400 levels back into play.

Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $9,198.0.

Barring an extended crypto rally, the second major resistance level and resistance at $9,200 would likely pin Bitcoin back on the day.

In the event of another breakout, the third major resistance level at $9,409.77 would come into play.

Failure to break back through the second major resistance level could see Bitcoin struggle later in the day.

A fall back through to sub-$8,920 levels would bring the first major support level at $8,824.33 into play.

Barring a crypto meltdown, however, Bitcoin should clear of sub-$9,000 levels on the day.

This article was originally posted on FX Empire

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The Crypto Daily Movers and Shakers -03/05/20 - Yahoo Finance

The Crypto Daily Movers and Shakers -02/05/20 – Yahoo Finance

Bitcoin rose by 2.23% on Friday. Reversing a 1.71% fall from Thursday, Bitcoin ended the day at $8,822.8.

A bullish start to the day saw Bitcoin rally from an early morning intraday low $8,626.5 to a late morning intraday high $9,070.0.

Falling short of the first major resistance level at $9,243.80, Bitcoin fell back to sub-$8,700 levels.

Steering clear of the major support levels, Bitcoin recovered to $8,800 levels to wrap up the day in the green.

The near-term bearish trend, formed at late June 2019s swing hi $13,764.0, remained firmly intact, reaffirmed by the March swing lo $4,000.

For the bulls, Bitcoin would need to break out from $10,000 levels to form a near-term bullish trend.

Across the rest of the majors, it was a bullish day for the pack on Friday.

Cardanos ADA and Stellars Lumen rallied by 7.17% and by 6.37% to lead the way.

Binance Coin (+3.07%), Ethereum (+2.85%), and Trons TRX (+4.22%) also found strong support.

Bitcoin Cash ABC (+1.62%), Bitcoin Cash SV (+1.70%), EOS (+1.53%), Litecoin (+1.55%) Moneros XMR (+1.62%), Ripples XRP (+2.94%), and Tezos (+1.58%) saw more modest gains on the day.

Through the current week, the crypto total market cap rose from a Monday low $220.56bn to a Thursday high $263.29bn. At the time of writing, the total market cap stood at $249.47bn.

While Bitcoins dominance recovered to 64% levels following Wednesdays breakout before breaking through to 65% levels. At the time of writing, Bitcoins dominance stood at 65.4%.

24-hour trading volumes rose from sub-$130bn levels to a Thursday high $253.89bn before easing back. At the time of writing, 24-hr volumes stood at $152.80bn.

At the time of writing, Bitcoin was up by 0.19% to $8,840.0. A mixed start to the day saw Bitcoin fall to an early morning low $8,764.5 before striking a high $8,843.7.

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

Elsewhere, it was a mixed start to the day for the majors.

Bitcoin Cash ABC (-0.26%), Bitcoin Cash SV (-0.06%), Cardanos ADA (-0.22%) and Trons TRX (-0.49%) saw red early on.

Tezos and Moneros XMR led the way, however, with gains of 1.00% and 0.99% respectively.

Bitcoin would need to move through to $8,850 levels to support a run at the first major resistance level at $9,053.03.

Support from the broader market would be needed, however, for Bitcoin to break back through to $9,000 levels.

Barring an extended crypto rally, the first major resistance level and Fridays high $9,070.0 would likely limit any upside on the day.

In the event of another breakout, the second major resistance level at $9,283.27 would come into play.

Failure to move through to $8,850 levels could see Bitcoin struggle later in the day.

A fall back through to sub-$8,800 levels would bring the first major support level at $8,609.53 into play.

Barring a crypto meltdown, however, Bitcoin should steer of the second major support level at $8,396.27.

This article was originally posted on FX Empire

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The Crypto Daily Movers and Shakers -02/05/20 - Yahoo Finance

Bitcoin Cash (BCH) Up $1.52 On 4 Hour Chart, Started Today Up 1.89%; Price Base in Formation Over Past 30 Days – CFDTrading

Bitcoin Cash 4 Hour Price Update

Updated May 02, 2020 11:17 AM GMT (07:17 AM EST)

254.63 (USD) was the opening price of the four-hour candle for Bitcoin Cash, resulting in the previous 4 hours being one in which price moved up 0.6% ($1.52) from the previous 4 hours. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 3rd since the previous 4 hours in terms of percentage price change.

254.87 (USD) was the opening price of the day for Bitcoin Cash, resulting in the day prior being one in which price moved up 1.89% ($4.72) from the day prior. The change in price came along side change in volume that was down 69.27% from previous day, but up 18.78% from the Friday of last week. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 4th for the day in terms of price change relative to the day prior. The daily price chart of Bitcoin Cash below illustrates.

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. 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 17 of the previous 30 trading days.

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

Need more of the Bitcoin Cash community following this account#Followback #BitcoinCash #BCH

URGENT!!!!#Bitcoin cash stock to flow model suggests value of 90 000 usd by the end of 2020!!!

@zebpay @eth_us @Xerksis1 Zebpay is crediting bitcoin cash BCH after 10 confirmations to Zebpay wallet. It way too much wait for traders.

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Bitcoin Cash (BCH) Up $1.52 On 4 Hour Chart, Started Today Up 1.89%; Price Base in Formation Over Past 30 Days - CFDTrading

Bitcoin And Altcoins Correcting Strong Gains – Cryptonews

In the past two days, there were strong bullish moves in bitcoin above USD 7,550. BTC/USD surged around 20% and surpassed many key hurdles such as USD 8,000, USD 8,500, and USD 9,000. It traded to a new monthly high close to USD 9,500 and it is currently correcting gains.Similarly, there was a steady rise in most major altcoins, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD extended its rally above the USD 220 level and it traded close the USD 230 resistance. XRP/USD also rallied more than 10% and tested the USD 0.235 resistance zone.

Total market capitalization

After a successful close above USD 8,000, bitcoin price gained bullish momentum. BTC/USD surged around 20% and broke many resistances near USD 9,000. It even traded above the USD 9,200 resistance and tested the USD 9,500 hurdle. The price is currently (08:30 UTC) correcting gains and it could retest the USD 9,050 and USD 9,000 support levels.On the upside, the price is likely to face a strong selling interest near USD 9,450 and USD 9,500. If there is another show of strength, the price could surge towards the USD 10,000 level.

Ethereum price extended its rally above the USD 205 and USD 220 resistance levels. ETH/USD even surpassed USD 225 and traded close to USD 228. It is currently correcting lower and approaching the USD 220 support. If there are more losses, the price may perhaps test the USD 212 support.On the upside, the USD 225, USD 228 and USD 230 levels are key hurdles. A successful break above USD 230 might lead the price towards USD 250.

Bitcoin cash price gained more than 10% and it broke the USD 245 and USD 250 resistance levels. BCH/USD even climbed above USD 265 and tested the USD 275 zone. It is currently correcting lower to USD 265, below which the bears are likely to aim a test of the USD 250 level.Litecoin succeeded in gaining traction above the USD 46.50 and USD 48.50 resistance levels. LTC/USD tagged the USD 50.00 barrier and it is currently correcting lower. On the downside, the USD 48.50 level is likely to act as a strong support. On the upside, the USD 50.00 and USD 50.50 are short term hurdles, followed by USD 52.00.XRP price extended its rise above the USD 0.212 and USD 0.220 resistance levels. The price even climbed above USD 0.232 and tested the USD 0.235 resistance. The price is currently retreating lower and it seems like it could test the USD 0.224 support zone.

In the past three sessions, many smaller altcoins rallied more than 10%, including DATA, SC, OMG, HYN, MONA, BCD, CKB, OKB, NRG, CRO, BSV, BCN, MAID, BTG, BTT, and FTT. Out of these, DATA rallied 54%.

Overall, bitcoin is surging before the upcoming halving event and it is now trading above USD 9,000. In the short term, there could be a downside correction, but BTC/USD still might continue moving higher towards USD 9,800 and USD 10,000._____

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Bitcoin And Altcoins Correcting Strong Gains - Cryptonews

Nexo Revolutionizing the World of Finance Supporting HODL Bitcoin and NEXO – The Cryptocurrency Analytics

Nexo celebrated its birthday on April 30, 2020. In 2 years, they are feeling good about 700,000 users +. They are confident in that they will revolutionize the world of finance.

Nexo tweeted, Volatility tilts favor towards Bitcoin. Crypto is down only about 5% in 2020 vs. almost 22% for S&P500. For the nascent crypto, its also an indication of a transition toward gold-like adoption. Stay in the know. Make the most of your #BTC with Nexo.

Nexo has helped several investors make the crypto work for them. It is the only insured account that permits borrowing instantly in 45 plus fiat currencies, thus making it possible for a daily interest on the idle interest of users.

Being licensed and regulated and providing $100 Million Insurance on Custodial assets sets them apart from other lenders. The Nexo Instant Crypto Credit Line works very instantly.

Sydney Ifergan, the crypto expert, tweeted: Nexo has a reason to be happy about anything that leads to Bitcoin (BTC) growth and betterment, because they are focused on facilitating instant loans that get backed with Bitcoin.

Nexo is also excited about anything like Bitcoin, because they recently expressed that following clients feedback, NEXO is pleased to announce that BCH gets facilitated as a repayment option for their Instant Crypto Credit Lines. Thus they have already expanded the benefits of using Nano_io, but are contributing to enriching BCHs adoption and utilization. It is good that Bitcoin Cash is now available as a repayment method for the BCH community.

Coinmarket Cap recently covered the fact that Nexo Finance have evolved to have grown their global brand to reach out to a highly engaged audience and acknowledges the substantial customer growth with their advertising campaign.

CoinmarketCap tweeted: See how NexoFinance grew its global brand to reach a highly engaged audience, and experienced substantial customer growth with CoinMarketCaps advertising campaigns!

Making money apart, NEXO have contributed to a good cause. They expressed that they were feeling proud to be matching $10k worth in crypto donations to Savethechildrens noble cause with SavewithStories initiative!

At a point in time when investors are looking towards safe-havens, Nexo opines that it would be good for investors to make use of the potential of probably the best store of value. They have introduced a credit line process where it is possible for customers to borrow against tokenized gold when they need liquidity rather than selling it. Typically, relatable to pawn broking Token Broking.

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Nexo Revolutionizing the World of Finance Supporting HODL Bitcoin and NEXO - The Cryptocurrency Analytics