It was a mixed start to the day. Bitcoin fell to an early morning intraday low $11,523 before finding support.

Steering clear of the first major support level at $11,304, Bitcoin rose to a mid-day intraday high $11,796.

Falling short of the first major resistance level at $11,878, Bitcoin fell back to a low $11,601.

Avoiding sub-$11,600 levels, Bitcoin moved back through to $11,700 levels to deliver the upside on the day.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 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 bullish day for the majors on Saturday.

Cardanos ADA and Tezos led the way, with gains of 5.74% and 9.84% respectively.

Binance Coin (+2.64%), Ethereum (+4.67%), Litecoin (+2.15%), and Trons TRX (+3.19%) also found strong support.

Bitcoin Cash ABC (+1.61%), Bitcoin Cash SV (+1.25%), EOS (+1.89%), Moneros XMR (+1.08%), Ripples XRP (+0.40%), and Stellars Lumen (+0.97%) trailed the pack.

In the current week, the crypto total market cap rose from a Monday low $322.88bn to a Thursday high $355.09bn. At the time of writing, the total market cap stood at $349.48bn.

Bitcoins dominance fell to a Tuesday low 61.24% before rising to a Friday high 63.16%. At the time of writing, Bitcoins dominance stood at 62.15%.

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The Crypto Daily Movers and Shakers August 9th, 2020 - FX Empire

Bitcoin, BTC to USD, rose by 1.59% on Saturday. Reversing a 1.52% fall from Friday, Bitcoin ended the day at $11,764.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $11,523 before finding support.

Steering clear of the first major support level at $11,304, Bitcoin rose to a mid-day intraday high $11,796.

Falling short of the first major resistance level at $11,878, Bitcoin fell back to a low $11,601.

Avoiding sub-$11,600 levels, Bitcoin moved back through to $11,700 levels to deliver the upside on the day.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 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 bullish day for the majors on Saturday.

Cardanos ADA and Tezos led the way, with gains of 5.74% and 9.84% respectively.

Binance Coin (+2.64%), Ethereum (+4.67%), Litecoin (+2.15%), and Trons TRX (+3.19%) also found strong support.

Bitcoin Cash ABC (+1.61%), Bitcoin Cash SV (+1.25%), EOS (+1.89%), Moneros XMR (+1.08%), Ripples XRP (+0.40%), and Stellars Lumen (+0.97%) trailed the pack.

In the current week, the crypto total market cap rose from a Monday low $322.88bn to a Thursday high $355.09bn. At the time of writing, the total market cap stood at $349.48bn.

Bitcoins dominance fell to a Tuesday low 61.24% before rising to a Friday high 63.16%. At the time of writing, Bitcoins dominance stood at 62.15%.

At the time of writing, Bitcoin was down by 0.08% to $11,755. A mixed start to the day saw Bitcoin rise to an early morning high $11,777.1 before falling to a low $11,746.0.

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

Elsewhere, it was a mixed start to the day.

Cardanos ADA and Tezos led the way down, with losses of 1.23% and 1.38% respectively.

Binance Coin (-0.75%), EOS (-0.11%), Litecoin (-0.21%), Moneros XMR and Stellars Lumen (-0.44%) also saw red.

Bitcoin Cash ABC (+0.80%), Bitcoin Cash SV (+0.80%), Ethereum (+0.06%), Ripples XRP (+0.09%), and Trons TRX (+0.47%) found early support.

Bitcoin would need to avoid a fall through the $11,694 pivot to support a run at the first major resistance level at $11,866.

Support from the broader market would be needed, however, for Bitcoin to break out from Saturdays high $11,796.

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

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $11,967.

A fall through the $11,694 pivot level would bring the first major support level at $11,593 into play.

Barring another extended crypto sell-off, however, Bitcoin should steer clear of sub-$11,400 support levels. The second major support level at $11,421 should limit the downside.

This article was originally posted on FX Empire

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The Crypto Daily Movers and Shakers August 9th, 2020 - Yahoo Finance

Bitcoin, BTC to USD, slid by 6.36% on Sunday. Reversing a 4.01% rally from Saturday, Bitcoin ended the week up by 11.11% to $11,053.8.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $12,097 before hitting reverse.

Bitcoin broke through the first major resistance level at $12,022.8 before sliding to an early morning intraday low $10,548.0.

Bitcoin fell through the first major support level at $11,406.8 and the second major support level at $11,008.9.

Steering clear of the third major support level at $10,392.9, Bitcoin briefly revisited $11,300 levels before easing back.

Bitcoin broke back through the second major support level to limit the loss on the day.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 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 bearish day on Sunday.

Bitcoin Cash ABC (-11.53%), Bitcoin Cash SV (-11.14%), EOS (-10.93%) led the way down.

Cardanos ADA (-7.16%), Litecoin (-8.02%), and Trons TRX (-7.24%) also saw heavy losses

Binance Coin (-3.10%), Ethereum (-3.92%), Moneros XMR (-5.16%), Ripples XRP (-1.25%), Stellars Lumen (-4.85%), and Tezos (-4.89%) saw relatively modest losses on the day.

While it was a bearish Sunday, it was a mixed week.

Ripples XRP rallied by 33.5% to lead the way.

Bitcoin Cash ABC (+13.82%), Bitcoin Cash SV (+15.09%), Ethereum (+19.52%), and Litecoin (+17.95%) also found strong support.

Binance Coin (+7.10%), EOS (+8.23%), Moneros XMR (+8.71%), Stellars Lumen (+3.29%), and Trons TRX (+2.29%) trailed the front runners.

Cardanos ADA (-9.99%) and Tezos (-3.19%) bucked the trend in the week, however.

In the week, the crypto total market cap rose from a Monday low $284.79bn to a Sunday high $362.06bn. At the time of writing, the total market cap stood at $331.14bn.

Bitcoins dominance rose to a Tuesday high 64.58% before sliding to a Sunday low 61.66%. At the time of writing, Bitcoins dominance stood at 62.07.

At the time of writing, Bitcoin was up by 0.69% to $11,130.5. A mixed start to the day saw Bitcoin fall to an early morning low $10,943.0 before rising to a high $11,169.0.

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

Elsewhere, it was a bullish start to the day. Stellars Lumen was up by 2.46%, at the time of writing, to lead the way.

Bitcoin would need to move through the $11,233 pivot to support a run at the first major resistance level at $11,918.

Support from the broader market would be needed, however, for Bitcoin to break out from $11,500 levels.

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

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $12,782.

Failure to move through the $11,233 pivot level would bring the first major support level at $10,369 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,500 levels on the day.

This article was originally posted on FX Empire

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The Crypto Daily Movers and Shakers August 3rd, 2020 - Yahoo Finance

Bitcoin, BTC to USD, rallied by 2.04% on Friday. Following a 0.05% gain on Thursday, Bitcoin ended the month up by 24.04% to $11,350.0.

A bearish start to the day saw Bitcoin fall to an early morning intraday low $10,990 before making a move.

Steering clear of the first major support level at $10,923.2, Bitcoin rose to a late afternoon intraday high $11,440.0.

Bitcoin broke through the first major resistance level at $11,255.4 and the second major resistance level at $11,387.8.

A late pullback saw Bitcoin fall back through the resistance levels before finding support.

Bitcoin broke back through the first major resistance level to wrap up the day at $11,350 levels.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 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 (+7.76%), Bitcoin Cash SV (+7.19%), and Ripples XRP (+6.22%) led the way.

Bitcoin Cash ABC (+2.22%), Ethereum (+3.46%), Litecoin (+2.46%), and Moneros XMR (+4.39%), also found strong support.

EOS (+1.36%), Stellars Lumen (+0.73%), Tezos (+1.44%), and Trons TRX (+1.93%) trailed the front runners.

Cardanos ADA bucked the trend, however, falling by 1.17%.

It was a bullish July for the crypto market.

Cardanos ADA surged by 67.38% to lead the majors.

Bitcoin Cash SV (+46.21%), Ethereum (+53.82%), Litecoin (+41.45%), Ripples XRP (+48.21%), and Stellars Lumen (+45.72%) also found strong support.

Binance Coin (+34.44%), Bitcoin Cash ABC (+34.87%), EOS (+30.56%), Moneros XMR (33.17%), Tezos (+20.69%), and Trons TRX (+20.39%) trailed the front runners.

In the current week, the crypto total market cap rose from a Monday low $285.49bn to a Monday high $335.81bn. At the time of writing, the total market cap stood at $326.94bn.

Bitcoins dominance rose from a Monday low 62.44% to a Tuesday high 64.58% before easing back. At the time of writing, Bitcoins dominance stood at 63.53.

At the time of writing, Bitcoin was down by 0.82% to $11,257.0. A mixed start to the day saw Bitcoin rise to an early morning high $11,398 before falling to a low $11,238.0.

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, Bitcoin Cash ABC (+0.14%), Cardanos ADA (+0.21%), and Stellars Lumen (+0.69%) found early support.

It was a bearish start for the rest of the majors, however. Ripples XRP was down by 1.44% to lead the way down.

Bitcoin would need to move through the $11,260 pivot to support a run at the first major resistance level at $11,530.

Support from the broader market would be needed, however, for Bitcoin to break out from Fridays high $11,440.

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

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $11,710.

Failure to move through the $11,260 pivot level would bring the first major support level at $11,080 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$11,000 levels and the second major support level at $10,810.

This article was originally posted on FX Empire

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The Crypto Daily Movers and Shakers August 1st, 2020 - Yahoo Finance

Source: Adobe/pvl

There is currently a resurgence of interest in cryptocurrencies, but this time around its not from retail investors, but rather the financial institutions, the new head of digital assets at investment banking giant Goldman Sachs revealed in a recent interview.

Mathew McDermott, the recently appointed head of digital assets at the investment bank, told CNBC that the bank has definitely seen an uptick in interest across some of our institutional clients who are exploring how they can participate in the crypto space. He added that it feels like there is a resurgence of interest in cryptocurrencies from this segment.

As previously reported, US-based major digital asset manager Grayscale recorded its largest quarterly inflows in the second quarter, saying that it reflects a rapidly growing demand for digital assets, as investors increasingly look to diversify their portfolios amid aggressive monetary and fiscal intervention resulting from the COVID-19 crisis. Also, a US-based major software company MicroStrategy said recently that it may invest part of its cash into bitcoin (BTC) and other alternative investments, citing negative real yield on US dollars.

Meanwhile, London-based McDermott also revealed in the interview that he plans to significantly step up Goldmans efforts in the crypto and blockchain space, doubling his teams headcount across Europe and Asia.

Also, the investment banker has its own vision for financial markets, where all assets reside on a blockchain:

In the next five to 10 years, you could see a financial system where all assets and liabilities are native to a blockchain, with all transactions natively happening on chain. So what youre doing today in the physical world, you just do digitally, creating huge efficiencies, McDermott told CNBC, adding that this could include things like debt issuances, securitization, loan origination.

Essentially youll have a digital financial markets ecosystem, the options are pretty vast, the 46-year-old banker said.

McDermott also revealed that Goldman is currently exploring the commercial viability of developing a fiat digital token of its own, like its competitor JP Morgan has already done with the JPM Coin. He also said that Goldman has been able to lure over JP Morgans former head of digital assets strategy, Oli Harris, who is known to have been involved with the JPM Coin project.

However, the executive added that Goldman Sachs is still early in the process of exploring such a coin, and that it continues to work through the potential use cases of it.___Learn more: Goldman Sachs Strategist Warns of 'Real Concerns' Over US DollarMIT's Narula: If Goldman Sachs Likes Bitcoin, We're Doing Something WrongWhy You Should and Shouldn't Care About Goldman Sachs' Report on BitcoinGold and Bitcoin Surge Exposes Generational Divide JPMorgan

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Goldman Sachs Sees 'Resurgence of Interest' in Crypto from Institutions - Cryptonews

To celebrate the third anniversary of Bitcoin Cash, the world-class gaming platform Bitcoin Cash Games is launching a leaderboard tournament worth $3k.

On August 1, the Bitcoin Cash community will be celebrating the networks third anniversary and the project has come a long way since 2017. Bitcoin cash (BCH) has garnered widespread attention, its the fifth-largest market by valuation, and developers have completed a number of beneficial upgrades over the last few years. BCH has solidified itself as the go-to cryptocurrency for a reliable peer-to-peer electronic cash system.

At Bitcoin Cash Games we want to celebrate the third BCH anniversary so our gaming casino is launching a leaderboard with a total of $3,000 for you to win. Anyone can participate in this special promotion by playing any of these exclusive games available on the casino: Exclusive Slots, Keno and Roulette.

Then the top 15 players will get a bonus reward at the end of the Bitcoin Cash Games promotion. The more a player bets, the higher their ranking will be on the leaderboard. Moreover, we launched a social campaign where you can claim a $10 bonus through the casinos official Twitter.

Bitcoin Cash Games brings yet another opportunity for players to engage in online entertainment and win big jackpots using BCH as its primary currency. Our gaming portal has always hosted a broad array of provably fair gaming for cryptocurrency enthusiasts who like to play for high stakes recreation.

It is an online gaming platform where players can engage in all their favorite casino games without worrying about KYC or upper limits on deposits. Furthermore, BCH withdrawals are always done in a safe and secure digital environment. We think that you will find our platform is the ultimate destination for classic casino gaming with a BCH twist.

At Bitcoin Cash Games our gaming portal offers free spins, exciting promotions, cashback, and regular bonuses. So what are you waiting for? Check out Bitcoin Cash Games today.

What do you think about Bitcoin Cash Games launching a $3,000 leaderboard tournament to celebrate the third Bitcoin Cash anniversary? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Bitcoin Cash Games

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Bitcoin Cash Games Launches $3K Leaderboard Tournament to Celebrate the 3rd BCH Anniversary | Promoted - Bitcoin News

The community for bitcoin cash has recently been split in regards to whether they should change the difficulty adjustment algorithm for the Cryptocurrency. A recent developing meeting seemingly ended with many attendees walking out.

Earlier this week on the 4th of August, Chris Pacia, one of the lead developers of the peer-to-peer marketplace and a volunteer developer for the bitcoin cash system tweeted the following:

Some reports are showing that given the growing tensions over the difficulty algorithm, another chain split for the network could occur. Hayden Otto, an Australian proponent for the network has said that he will be sticking with the network though. Although he later revealed that his tweet was meant to be seen as a joke to those opposing the core bitcoin ABC developers.

However, Otto does add that a chain split is likely to occur saying that the software is not widely adopted by many minors. With this in mind, the supporters wouldnt have the majority voted to get their changes through the upgrade on the date.

They are now relying on proof of social media tactics in an attempt to persuade miners and businesses who run ABC to capitulate and swap over to the BCHN software.

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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Developer Debates on the bitcoin cash network, is a split likely? - Crypto Daily

Bitcoin Cash 4 Hour Price Update

Updated August 03, 2020 07:20 AM GMT (03:20 AM EST)

Bitcoin Cash came into the current 4 hour candle up 0.77% ($2.23) from the open of the previous 4 hours, marking the 2nd candle in a row it has gone up. 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 4 hours.

The end of a 3 day positive run has come for Bitcoin Cash, which finished yesterday down 11.33% ($36.25). As for how volume fared, yesterdays volume was up 51.14% from the previous day (Saturday), and up 219.48% from Sunday of 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. Here is a daily price chart of Bitcoin Cash.

Coming into today the current price of Bitcoin Cash is sitting close to its 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. For another vantage point, consider that Bitcoin Cashs price has gone up 6 of the previous 10 trading days.

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

Few years ago, people were busy creating hard forks of Bitcoin and we have dozens of clones like Bitcoin Cash, Bitcoin SV, Bitcoin Gold, Bitcoin Private etc. In 2020, we have YFI and people have forked it into YFII, YFFI.

#Crypto Top 5 Vol vs. Circ Supply (24H) by Highest Volume$USDT Tether 39,955.29M of 11,065.83M (361.07%)$BTC Bitcoin 2.39M of 18.45M (12.96%)$ETH Ethereum 43.27M of 112.01M (38.63%)$XRP XRP 13,213.83M of 44,862.65M (29.45%)$BCH Bitcoin Cash 11.25M of 18.48M (60.90%)

Im so glad @jeffreyatucker was part of the Bitcoin Cash Fork Day broadcast. What a great talk by him!

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Bitcoin Cash (BCH) Up $2.23 Over Past 4 Hours, Fares the Worst Out of Top Cryptos to Start the Day; Makes Big Move Relative to Past Three Months -...

A bearish start to the day saw Bitcoin fall to an early morning intraday low $10,990 before making a move.

Steering clear of the first major support level at $10,923.2, Bitcoin rose to a late afternoon intraday high $11,440.0.

Bitcoin broke through the first major resistance level at $11,255.4 and the second major resistance level at $11,387.8.

A late pullback saw Bitcoin fall back through the resistance levels before finding support.

Bitcoin broke back through the first major resistance level to wrap up the day at $11,350 levels.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 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 (+7.76%), Bitcoin Cash SV (+7.19%), and Ripples XRP (+6.22%) led the way.

Bitcoin Cash ABC (+2.22%), Ethereum (+3.46%), Litecoin (+2.46%), and Moneros XMR (+4.39%), also found strong support.

EOS (+1.36%), Stellars Lumen (+0.73%), Tezos (+1.44%), and Trons TRX (+1.93%) trailed the front runners.

Cardanos ADA bucked the trend, however, falling by 1.17%.

It was a bullish July for the crypto market.

Cardanos ADA surged by 67.38% to lead the majors.

Bitcoin Cash SV (+46.21%), Ethereum (+53.82%), Litecoin (+41.45%), Ripples XRP (+48.21%), and Stellars Lumen (+45.72%) also found strong support.

Binance Coin (+34.44%), Bitcoin Cash ABC (+34.87%), EOS (+30.56%), Moneros XMR (33.17%), Tezos (+20.69%), and Trons TRX (+20.39%) trailed the front runners.

In the current week, the crypto total market cap rose from a Monday low $285.49bn to a Monday high $335.81bn. At the time of writing, the total market cap stood at $326.94bn.

Bitcoins dominance rose from a Monday low 62.44% to a Tuesday high 64.58% before easing back. At the time of writing, Bitcoins dominance stood at 63.53.

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The Crypto Daily Movers and Shakers August 1st, 2020 - FX Empire

Bitcoin (BTCUSD) may have been late to the party compared with gold prices and the Nasdaq 100, but its price reached a new 2020-high last week. In fact, the price managed to breach a multi-year triangle pattern, with an objective of $20,220, so the bulls had a lot to cheer. Having said that, as with many things in life, great rewards do come with significant risks, and the market experienced this on Sunday morning when Bitcoins price dropped by about 12.5% in a relatively short period of time.

Moreover, Bitcoin Cash (BCHUSD), an improved version of the original Bitcoin, dropped by 28%. Late investors must have choked on their morning coffee, as the decrease happened rather quickly, with a majority of losses happening within just ten minutes.

Yet as quickly as the price fell it recuperated about 50% of its drop, so higher prices despite the shakeout are likely.

The price triggered a breakout from a rectangle pattern. We create this pattern by drawing a trend line via the all-time high of $19632, the 2019-high, and the June 2020 high of $10,522. We can also draw an upward sloping trend line via the March 2017 and December 2018 lows, and the March 16, 2020 low.

As we can see in the first chart below, the price remains outside of the triangle, and there is a reasonable chance that the price will pick up in the weeks ahead. A strong push back into the triangle would normally end the pattern swiftly.

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If we wait for a strong correction there is a reasonable chance that investors that are not already long will not get an entry. Instead, I think they will be happy to see a slide to the $10,500 to $11,000 interval. The $10,500 low is a level just below the low from Sunday, as seen in the chart below.

In the short-term chart seen below, one can also argue that a bearish head-and-shoulders pattern may be forming, but given the overall bullish trend, I think this short-term pattern will morph into something different in the days ahead.

If the price does indeed turn higher from the above-mentioned interval, and it will reach the June 2019 high of $13,945, the risk-reward ratio will be 5.29 times the risk. if we reach the pattern target, the risk-reward ratio would mean a result of 16.53 times the risk.

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Here is why Bitcoin might Reach a New All-Time High - InvestingCube

Bitcoin and a great number of other cryptocurrencies are electronic versions of currency. Many people falsely assume that crypto proponents are for a cashless society and this is certainly not the case.

If we removed the central banks printing fiasco and the inflationary practices from cash, we all know that cash is great for anonymity and fungibility. But the nation-states and central banking cabal are in charge of the fiat game and the monetary system today does come with serious manipulation and inflation.

Most crypto supporters, just because they support an electronic currency, do not support the removal of cash money. But there is little anyone can do to stop the government from going cashless.

Now we all know that cash is great (besides the inflationary aspects), but we also know that cryptocurrencies are even better. Crypto transactions like bitcoin (BTC) do not have to be electronic every time someone transacts.

With cryptos like bitcoin, we can create all kinds of bearer bond instruments. A digital asset can be hidden in mnemonic phrase and most seeds are based on 12, 18, or 24-word phrases that are tied to their private key(s).

The use of mnemonics, or memoria technica, is derived from the era of the ancient Greeks when Aristotle and Plato philosophized about certain types of logic. The photo below is a depiction of the Knuckle mnemonic, which represents the number of days in each month of the Gregorian Calendar.

Any amount of crypto, like a billion dollars worth of crypto assets, for instance, can be stored in a mnemonic.

This means you can keep a billion dollars hidden in a book, or even by memory if you have a decent photographic memory. Bitcoin can be printed on paper, metal, plastic, and people can create all types of cash instruments.

Now just like gold, a bundle of cash can be quite cumbersome to carry. You cannot travel lightly with a billion dollars worth of cash in a few bags. You also have to be vigilant, protective, and someone can take your bundles of cash like a mugger or even law enforcement. For instance, the U.S. agency Homeland Security seized $2 billion in cash from travelers during the course of six years at U.S. airports.

But think about what I just said. You can store any amount of money on a piece of paper. On a small square of aluminum. You can write down 12-words on a piece of paper and hand a family member tens of thousands of dollars no questions asked.

No need for the duffle bags of loot, you can simply leverage a mnemonic or a piece of paper.

Hiding crypto is extremely easy and someone can even do it by leveraging steganographic tools. Literally hiding a million dollars in plain sight. Steganography is the art of concealing images, messages, files, or videos. The practice of obscuring messages in this fashion was first recorded in 440 BC.

So in many ways, cryptocurrencies are an advanced form of cash and you are just not aware of all the possibilities if you think crypto people are anti-cash. This is simply not true.

To a great degree, digital currencies are simply a better form of money and many people just havent figured that out yet. And thats ok we have plenty of time to teach and they have plenty of time to listen. But its simply not true that crypto advocates are helping the global elite create a cashless society. Digital currency supporters can create all kinds of free market-based cash instruments with ease.

What do you think about the fact that cryptocurrency supporters can easily create bearer bond instruments? Let us know in the comments below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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Dispelling the Myth That Bitcoin Proponents Want a Cashless Society | Featured - Bitcoin News

Bitcoin, BTC to USD, rose by 1.70% on Wednesday. Reversing a 1.02% fall from Tuesday, Bitcoin ended the day at $11,117.

It was another mixed start to the day. Bitcoin fell to an early morning intraday low $10,851 before making a move.

Steering clear of the first major support level at $10,594, Bitcoin rallied to a late intraday high $11,355.

Bitcoin broke through the first major resistance level at $11,267 before easing back to sub-$11,200 levels.

The late pullback saw Bitcoin fall back through the first major resistance level at $11,267.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 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 Wednesday.

Cardanos ADA slid by 6.46% to lead the way down.

Bitcoin Cash SV (-2.54%), Moneros XMR (-2.76%), and Stellars Lumen (-2.36%) also saw relatively heavy losses.

Binance Coin (-1.53%), Bitcoin Cash ABC (-1.06%), Litecoin (-1.20%), Tezos (-1.88%) and Trons TRX (-0.12%) saw more modest losses on the day.

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

Ripples XRP rallied by 5.57% to lead the way.

EOS (+0.79%) and Ethereum (+0.20%) also found support.

In the current week, the crypto total market cap rose from a Monday low $285.49bn to a Monday high $335.81bn. At the time of writing, the total market cap stood at $318.81bn.

Bitcoins dominance rose from a Monday low 62.43% to a Tuesday high 64.57% before easing back. At the time of writing, Bitcoins dominance stood at 64.14.

At the time of writing, Bitcoin was down by 0.35% to $11,077.8. A bearish start to the day saw Bitcoin fall from an early morning high $11,117.4 to a low $11,004.0.

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, Moneros XMR and Bitcoin Cash SV were up by 1.04% and 0.92% respectively to lead the way.

Binance Coin (+0.05%), Ethereum (+0.16%), and Stellars Lumen (+0.23%) also found early support.

It was a bearish start for the rest of the majors, with Ripples XRP down by 1.10% to lead the way down.

Bitcoin would need to move through the $11,116 pivot to support a run at the first major resistance level at $11,380.

Support from the broader market would be needed, however, for Bitcoin to break out from Wednesdays high $11,355.

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

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $11,601.

Failure to move through the $11,116 pivot level would bring the first major support level at $10,852 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,800 levels and the second major support level at $10,588.

This article was originally posted on FX Empire

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The Crypto Daily The Movers and Shakers July 30th, 2020 - Yahoo Finance

Bitcoin Cash 4 Hour Price Update

Updated August 02, 2020 07:18 PM GMT (03:18 PM EST)

Bitcoin Cash came into the current 4 hour candle up 2.46% ($6.96) from the open of the last 4 hour candle, marking the 2nd candle in a row an increase has occurred. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 3rd since the last 4 hour candle in terms of percentage price change.

Bitcoin Cash came into today up 6.23% ($18.76) from the open of the previous day, marking the 3rd day in a row an upward move has occurred. As for how volume fared, yesterdays volume was up 65.4% from the previous day (Friday), and up 103.98% from Saturday of the week before. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 3rd for the day in terms of price change relative to the previous day. Here is a daily price chart of Bitcoin Cash.

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Also of note is that on a 90 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 6 them.

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

My panel with @rogerkver will be live at 20:30 (GMT+8) tonight! Make sure to tune in and check out our discussion on the future of both #Huobi & Bitcoin Cash #BCH.Join us

Just went to check on our beloved $BTC maxis and see how they are coping with this #defi freight train approaching.Looks like they are now busy making #UASF hats and cursing at Bitcoin Cash, CSW and Roger Ver. Its like opening up a time capsule a fascinating world!

Instead of celebrating the 3rd anniversary of Bitcoin Cash, Id be thinking about two things:1. Changing the PoW algo ASAP. Only 1% of Bitcoins hashrate is required to 51%-attack Bitcoin Cash. Its not a question of if, its a question of when (see $ETC, $BTG, $VTC and so on).

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

Bitcoin Cash: Scaling the Globe

Founder, HoneyPay Join Amaury Schet, Founder of Bitcoin Cash and Lead Developer of Bitcoin ABC, as he lays out his vision for the future of Bitcoin Cash as world-scale money.To join this panel, email [emailprotected].Founder, BCH Ghana Moderator Be.cash is the next iteration of blockchain payments, and its happening on Bitcoin Cash.

The rest is here:

Bitcoin Cash (BCH) Down $11.01 On 4 Hour Chart, Entered Today Up For the 3rd Day In A Row; in an Uptrend Over Past 14 Days - CFDTrading

Bitcoin cash price rallied over 8% and it broke the $250 and $260 resistance levels against the US Dollar. BCH is likely to continue higher above the $300 barrier.

In the past few days, there was a strong increase in bitcoin and bitcoin cash price above $10,000 and $250 respectively. BCH even traded above the main $260 pivot level and the 100 simple moving average (4-hours).

Finally, there was a break above the $280 resistance. The price traded close to the $300 level and it traded to a new monthly high at $297. It is currently consolidating gains near the $290 level, and testing the 23.6% Fib retracement level of the recent rally from the $265 swing low to $297 high.

It seems like there is a short-term contacting triangle forming with resistance near $295 on the 4-hours chart of the BCH/USD pair. Below the triangle support, there is a major support forming near $280.

The 50% Fib retracement level of the recent rally from the $265 swing low to $297 high might also act as a strong support. On the upside, the price is facing hurdles near $295 and $300.

A successful break above the triangle resistance and then $300 could open the doors for a larger increase. In the mentioned case, the price might rally towards the $320 level in the near term.

If bitcoin cash price starts a downside correction, the $280 level is likely to provide support. Any further losses could lead the price towards the $275 level in the near term.

There is also a crucial bullish trend line forming with support near $270, below which the may possibly decline towards the 100 simple moving average (4-hours) or $250.

Technical indicators

Hourly MACD The MACD for BCH/USD is currently gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) The RSI for BCH/USD is currently rising and in the overbought zone.

Key Support Levels $285 and $280.

Key Resistance Levels $295 and $300.

Take advantage of the trading opportunities with Plus500

Risk disclaimer: 76.4% of retail CFD accounts lose money.

See the rest here:

Bitcoin Cash Rally Reaches $300 and Technicals Indicate Further Upsides | NewsBTC - newsBTC

Bitcoin and a great number of other cryptocurrencies are electronic versions of currency. Many people falsely assume that crypto proponents are for a cashless society and this is certainly not the case.

If we removed the central banks printing fiasco and the inflationary practices from cash, we all know that cash is great for anonymity and fungibility. But the nation-states and central banking cabal are in charge of the fiat game and the monetary system today does come with serious manipulation and inflation.

Most crypto supporters, just because they support an electronic currency, do not support the removal of cash money. But there is little anyone can do to stop the government from going cashless.

Now we all know that cash is great (besides the inflationary aspects), but we also know that cryptocurrencies are even better. Crypto transactions like bitcoin (BTC) do not have to be electronic every time someone transacts.

With cryptos like bitcoin, we can create all kinds of bearer bond instruments. A digital asset can be hidden in mnemonic phrase and most seeds are based on 12, 18, or 24-word phrases that are tied to their private key(s).

The use of mnemonics, or memoria technica, is derived from the era of the ancient Greeks when Aristotle and Plato philosophized about certain types of logic. The photo below is a depiction of the Knuckle mnemonic, which represents the number of days in each month of the Gregorian Calendar.

Any amount of crypto, like a billion dollars worth of crypto assets, for instance, can be stored in a mnemonic.

This means you can keep a billion dollars hidden in a book, or even by memory if you have a decent photographic memory. Bitcoin can be printed on paper, metal, plastic, and people can create all types of cash instruments.

Now just like gold, a bundle of cash can be quite cumbersome to carry. You cannot travel lightly with a billion dollars worth of cash in a few bags. You also have to be vigilant, protective, and someone can take your bundles of cash like a mugger or even law enforcement. For instance, the U.S. agency Homeland Security seized $2 billion in cash from travelers during the course of six years at U.S. airports.

But think about what I just said. You can store any amount of money on a piece of paper. On a small square of aluminum. You can write down 12-words on a piece of paper and hand a family member tens of thousands of dollars no questions asked.

No need for the duffle bags of loot, you can simply leverage a mnemonic or a piece of paper.

Hiding crypto is extremely easy and someone can even do it by leveraging steganographic tools. Literally hiding a million dollars in plain sight. Steganography is the art of concealing images, messages, files, or videos. The practice of obscuring messages in this fashion was first recorded in 440 BC.

So in many ways, cryptocurrencies are an advanced form of cash and you are just not aware of all the possibilities if you think crypto people are anti-cash. This is simply not true.

To a great degree, digital currencies are simply a better form of money and many people just havent figured that out yet. And thats ok we have plenty of time to teach and they have plenty of time to listen. But its simply not true that crypto advocates are helping the global elite create a cashless society. Digital currency supporters can create all kinds of free market-based cash instruments with ease.

What do you think about the fact that cryptocurrency supporters can easily create bearer bond instruments? Let us know in the comments below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

See the article here:

Dispelling the Myth That Bitcoin Proponents Want a Cashless Society - Bitcoin News

Bitcoin Cash 4 Hour Price Update

Updated August 01, 2020 07:17 AM GMT (03:17 AM EST)

Bitcoin Cash came into the current 4 hour candle up 0.08% ($0.24) from the open of the last 4 hour candle, marking the 3rd candle in a row an upward move has occurred. 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 last 4 hour candle.

Bitcoin Cash is up 3.09% ($9.04) since yesterday, marking the 2nd day in a row an increase has occurred. As for how volume fared, yesterdays volume was up 2.68% from the previous day (Thursday), and up 168.81% from Friday of the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 3rd since yesterday in terms of percentage price change. Below is a daily price chart of Bitcoin Cash.

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Also of note is that on a 90 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 30 days Bitcoin Cashs price has gone up 15 them.

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

@vakeraj @BitcoinMemeHub @APompliano @rogerkver Did transaction fees not get high when blocks were full?Is Bitcoin not expensive to transact with?Is Bitcoin not slow for payments?Has Lightning Network been declared production ready by Lightning Labs?Is Bitcoin Cash not cheap for transactions?Theres no lies here

@BTC_Revolution Mine is $DVT it got a hight possibility to give 1000x profit its a clone of bitcoin by bitcoin cashThey give cold rewards 1% monthlyIts very cheap now under 8 sat so yu can fill yur bag and wait for the bull run#DeVault#DYOR

Im still your go-to person if you have Bitcoin and all other altcoins(ethereum, bitcoin cash etc) for sale

As for a news story related to Bitcoin Cash getting some buzz:

My Past, Present, and Future in Bitcoin Cash

Not long after BCH forked from BTC, it was clear to me that Bitcoin Cash was the version of Bitcoin I was most interested in.In my mind BCH represented a movement.I used to think Bitcoin Cash was all about the community, that it was a movement to usher in a new era of economic freedom for the world.Imagine if in 2017 the BTC network had been prepared for the millions of new people that were introduced to Bitcoin for the first time.As of today, I think Amaury is the best person to lead the BCH project.Well I believe the more people use bch the more the price increase so lets all work together and promote bch.

Go here to read the rest:

Bitcoin Cash (BCH) Up $0.24 On 4 Hour Chart, Started Today Up 3.09%; Price Base in Formation Over Past 90 Days - CFDTrading

Bitcoin, BTC to USD, rallied by 4.01% on Saturday. Following a 2.04% gain on Friday, Bitcoin ended the day at $11,804.7.

A bearish start to the day saw Bitcoin fall to an early morning intraday low $11,227 before making a move.

Steering clear of the first major support level at $11,080, Bitcoin rallied to a late intraday high $11,843.0.

Bitcoin broke through the first major resistance level at $11,530 and the second major resistance level at $11,710.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 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 bullish day on Saturday.

Ethereum (+11.69%), Ripples XRP (+12.06%), and Stellars Lumen (+10.76%) led the way.

Bitcoin Cash ABC (+6.05%), Bitcoin Cash SV (+5.97%), EOS (+6.71%), Litecoin (+6.01%), Moneros XMR (+5.94%), and Tezos (+6.87%) also found strong support.

Binance Coin (+4.64%), Cardanos ADA (+3.79%), and Trons TRX (+3.92%) trailed the front runners on the day.

In the current week, the crypto total market cap rose from a Monday low $285.49bn to a Saturday high $349.72bn. At the time of writing, the total market cap stood at $348.82bn.

Bitcoins dominance rose from a Monday low 62.44% to a Tuesday high 64.58% before sliding back. At the time of writing, Bitcoins dominance stood at 62.69.

At the time of writing, Bitcoin was down by 0.04% to $11,800. A mixed start to the day saw Bitcoin fall to an early morning low $11,788 before rising to a high $11,845.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (+0.09%), Ethereum (+0.45%), Moneros XMR (+0.30%), Stellars Limen (+0.58%), and Trons TRX (+0.87%) found early support.

It was a bearish start for the rest of the majors, however, with Litecoin down by 0.87% to lead the way down.

Bitcoin would need to avoid a fall through the $11,625 pivot to support a run at the first major resistance level at $12,023.

Support from the broader market would be needed, however, for Bitcoin to break out from Saturdays high $11,843.

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

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $12,241.

Failure to avoid a fall through the $11,625 pivot level would bring the first major support level at $11,407 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $11,009 and sub-$11,000 levels.

This article was originally posted on FX Empire

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The Crypto Daily Movers and Shakers August 2nd, 2020 - Yahoo Finance

Bitcoin Cash (BCH) has recovered from the intraday low $280.90 and recovered above $285 by the time of writing. The fifth digital coin with the current market capitalization of $5.2 billion is still down nearly 2% on a day-to-day basis despite the upside momentum.

On the intraday charts, BCH/USD bumped into a local resistance created by the middle line of the 1-hour Bollinger Band at $286.00. A sustainable move above this area will open up the way to the next barrier created by a 50-hour SMA at $288.00. Once it is out of the way, the upside is likely to gain traction with the next focus on psychological $290.00 and the upper line of the 4-hour Bollinger Band at $293.30. The ultimate resistance os created by psychological $300.00.

On the downside, if $280.00 gives way, the sell-off may be extended towards 200-day SMA at $273.00. This barrier served as a strong resistance for the best part of the year, so no it may provide strong support and trigger the next bullish wave. a sustainable move below this area will negate the bullish forecast and bring more bears to the market.

Here is the original post:

Bitcoin Cash Price Analysis: BCH/USD switches to the recovery mode, jumps above $286.00 - FXStreet

Bitcoin, BTC to USD, rose by 2.40% on Sunday. Following on from a 1.63% gain on Saturday, Bitcoin ended the week up by 7.77% to $9,948.4.

It was another mixed start to the day. Bitcoin slipped to an early morning intraday low $9,674.8 before rallying to a late morning intraday high $10,190.0.

Bitcoin broke through the days major resistance levels before falling back to sub-$9,900 levels.

The pullback saw Bitcoin fall back through the third major resistance level at $10,073 and the second major resistance level at $9,874.

Finding late support, however, Bitcoin broke back through the second major resistance level to end the day at $9,900 levels.

Resistance at $10,000 pinned Bitcoin back through the 2nd half of the day.

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.

Moneros XMR rallied by 6.16% to lead the way.

Cardanos ADA (+3.43%), Ethereum (+1.90%), and Ripples XRP (+0.28%) also joined Bitcoin in the green.

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

Bitcoin Cash SV (-2.93%), Litecoin (-2.21%), and Tezos (-2.22%) led the way down.

Binance Coin (-1.31%), Bitcoin Cash ABC (-1.29%), EOS (-0.60%), Stellars Lumen (-1.42%), and Trons TRX (-0.99%) also struggled.

It was also a mixed week for the majors.

Stellars Lumen fell by 0.99% to buck the trend for the week.

It was a bullish week for the rest of the majors, however, with Ethereum surging by 30.13% to lead the way.

Bitcoin Cash ABC (+11.20%), Cardanos ADA (+19.80%), Litecoin (+12.77%), and Moneros XMR (+13.35%) also found strong support.

Binance Coin (+8.66%), Bitcoin Cash SV (+9.46%), EOS (+4.88%), Ripples XPR (+7.80%), Tezos (+0.18%), and Trons TRX (+5.73%) trailed the front runners.

In the week, the crypto total market cap fell to a Monday low $262.70bn before hitting a Sunday high $305.28bn. At the time of writing, the total market cap stood at $295.57bn.

Bitcoins dominance rose to a Tuesday high 64.08% before sliding to a Sunday low 61.62%. At the time of writing, Bitcoins dominance stood at 62.40%.

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The Crypto Daily Movers and Shakers July 27th, 2020 - FX Empire

Bitcoin, BTC to USD, rose by 1.70% on Wednesday. Reversing a 1.02% fall from Tuesday, Bitcoin ended the day at $11,117.

It was another mixed start to the day. Bitcoin fell to an early morning intraday low $10,851 before making a move.

Steering clear of the first major support level at $10,594, Bitcoin rallied to a late intraday high $11,355.

Bitcoin broke through the first major resistance level at $11,267 before easing back to sub-$11,200 levels.

The late pullback saw Bitcoin fall back through the first major resistance level at $11,267.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 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 Wednesday.

Cardanos ADA slid by 6.46% to lead the way down.

Bitcoin Cash SV (-2.54%), Moneros XMR (-2.76%), and Stellars Lumen (-2.36%) also saw relatively heavy losses.

Binance Coin (-1.53%), Bitcoin Cash ABC (-1.06%), Litecoin (-1.20%), Tezos (-1.88%) and Trons TRX (-0.12%) saw more modest losses on the day.

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

Ripples XRP rallied by 5.57% to lead the way.

EOS (+0.79%) and Ethereum (+0.20%) also found support.

In the current week, the crypto total market cap rose from a Monday low $285.49bn to a Monday high $335.81bn. At the time of writing, the total market cap stood at $318.81bn.

Bitcoins dominance rose from a Monday low 62.43% to a Tuesday high 64.57% before easing back. At the time of writing, Bitcoins dominance stood at 64.14.

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The Crypto Daily - The Movers and Shakers - July 30th, 2020 - FX Empire