The new year couldnt have got off to a better start for cryptocurrency enthusiasts.

After the significant Bitcoin pump that took place early in the year, where the price of BTC increased close to 20% in the space of a few days, it seems the market has now stabilised.

Meanwhile, even with Bitcoins rise, some top altcoins have experienced some impressive gains versus the worlds pre-eminent cryptocurrency.

Lets take a look at the top altcoins that have outperformed Bitcoin so far this year, courtesy of Mesari.io.

As you can see, the top-performing altcoins in January are Bitcoin SV, Dash, Bitcoin Gold, Ethereum Classic, and Zcash.

However, looking at the last column, with the exception of Bitcoin SV, most altcoins are still well below their all-time highs versus Bitcoin.

Nevertheless, today my goal is to look into which altcoins might help you increase your Bitcoin portfolio in the short term.

During January 2020, some altcoins doubled in price versus Bitcoin, meaning you could conceivably greatly increase your Bitcoin holdings if you spread your investment out to include some top-performing altcoins and then convert your profit back into Bitcoin.

As always, the views in this article should not be considered financial advisement. The volatility of the crypto markets means money can easily be lost. Never invest more than you can afford to lose and always do your own due diligence.

Lets take a look at the top three coins of January 2020: Bitcoin SV (BSV), Dash (DASH), and Bitcoin Gold (BTG).

Above we can see the chart for Bitcoin SV vs Bitcoin, courtesy of TradingView. BSV has been performing quite well versus BTC in 2020 so far.

At the time of writing, BSV has pumped from 1,300,000 sats to nearly 3,300,000 since the start of the year. That represents a 153% gain since early January 2020.

All of Bitcoin SVs EMAs are currently spiking as well, and the 20-day EMA has crossed both the 50-day and 200-day EMAs. If the trend continues, I expect BSV to continue making new highs.

In my last BSV price analysis, I underlined how the next target was around 3,400,000 sats. It seems BSV is coming close to breaching said target to keep the positive momentum going a bit longer.

As long as volume does not decline too much, I dont see a reason why BSV couldnt keep pumping over the next few months.

Story continues

Dash is a popular altcoin among a great deal of cryptocurrency investors and traders.

Since its early DarkCoin days, Dash has been attempting to solve scalability and privacy two major issues for many crypto-enthusiasts.

Looking at the chart above, again courtesy of TradingView, we can quickly see Dash has been performing quite well during January 2020.

Essentially, the altcoin has grown close to 135% in the span of 30 days against Bitcoin, going from around 600,000 sats to 1,600,000 sats.

If the altcoin is capable of sustaining its current volumes and stays above the 200-day EMA (blue line), we could see its momentum keep going for longer.

Much like Bitcoin SV, Bitcoin Gold is yet another hard fork of the Bitcoin Core software.

Since early January 2020, BTG has grown over 80% versus BTC. At its height two weeks ago, the altcoin peaked close to 130%. Price now seems to be struggling to maintain its positive momentum.

If BTG is capable of sustaining its price above the 200-day EMA, we could see new highs for Bitcoin Gold.

At the moment, BTG is trading close to 136,000 sats. If the altcoin breaks to the upside, we could see 200,000 sats soon, since the volume profile shows little resistance until then.

If the opposite happens, BTG could drop down to its 50-day EMA at around 105,000.

Safe trades!

Disclaimer: The views expressed in this article are the authors only.This article isnt financial advice or promotional material; it represents my personal opinion and should not be attributed to Coin Rivet.

The post Which altcoins have outperformed Bitcoin in January 2020? appeared first on Coin Rivet.

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Which altcoins have outperformed Bitcoin in January 2020? - Yahoo Finance

Presidential candidate Andrew Yang has advised an overhaul in crypto regulation. Speaking to Bloomberg yesterday, the democratic candidate lauded the "high potential" of cryptocurrencies, adding that regulation couldn't "impede" Bitcoin.

Yangmore than most politicianshasn't been one to shy away from crypto talk. So with the US elections looming, and other candidates polishing up their own policies, here are seven times Yang has spoken about Bitcoin.

In a recent Bloomberg interview, Yang was asked how he would handle crypto regulation. In response, the democratic candidate highlighted the current state of affairs, suggesting that the "hodgepodge" of regulation from a jumbled set of agencies is producing a cacophony of mixed signals. Instead, Yang argued that a cohesive and clarified framework for regulation was paramount in fulfilling crypto's "high potential."

Andrew Yang has been a fan of Bitcoin since 2013. Image: Shutterstock.

"Right now, we're stuck with this hodgepodge of state-by-state treatments, and it's bad for everybody. It's bad for innovators who want to invest in this space," he said.

Moreover, while promoting the need to reform the prevailing policy, Yang caveated that Bitcoin couldn't be impeded by regulation.

Yang has long-held ideas around the reformation of existing crypto regulations. Within a policy proposal regarding digital asset administration, Yang recommended renovating regulation into "one national framework," to increase innovation and add clarity.

"Investment in cryptocurrencies and digital assets has far outpaced our regulatory frameworks in the US We should let investors, companies, and individuals know what the landscape and treatment will be moving forward to support innovation and development. The blockchain has vast potential," reads the proposal.

Less about what he said this time, and more about what he did. Back in July 2018, Yang started accepting Bitcoin, Ethereum, and a range of other cryptocurrencies to fund his campaign.

While he wasn't the first to accept digital currencies, the democratic hopeful cemented his position as the crypto community's commander-in-chief for doing so.

Yang is perhaps best known for his pledge to give all Americans aged 18-64 $1,000 per month. The idea is that everyone receives the same amount, regardless of their income or other factors.

Speaking on an episode of the "Off The Pill" podcast, Yang toyed with the notion of settling his Universal Basic Income (UBI) in Bitcoin.

When the interviewer floated the idea, Yang replied, I love where youre headed.

He added, "just about everyone in the cryptocurrency community loves the idea of the Universal Basic Income."

Although with Bitcoins wild fluctuations, everyone might end up with different amounts.

Speaking of the crypto community, in a since-removed episode of "The Coin Chat" with Crypto Joe, Yang affirmed that he felt an affinity with the space, remarking that his ideals of how the economy should be run lined up with many within the crypto industry.

"My vision of the economy is very consistent with the people who are in the cryptocurrency community," Yang stated while arguing for further decentralization in politics.

"Sometimes people call me a 'futurist,' but I believe I'm a 'presentist.' It's just that most politicians are stuck in the past. I've worked in technology for twenty years and know what's possible," he added.

While not mentioning Bitcoin directly, back in 2018, Yang cited blockchain's potential in response to a Twitter user questioning his stance on Bitcoin. Striving to stay neutral on the matter, the Democrat gave a somewhat veiled answer:

"The blockchain has a wealth of potential. Could make many things more secure transparent and efficient."

Be the first to get Decrypt Members. A new type of account built on blockchain.

He later specified that one use case would be to replace the current voting set-up.

"It is 100% technically possible to have fraud-proof voting on our mobile phones today using the blockchain. This would revolutionize true democracy and increase participation to include all Americansthose without smartphones could use the legacy system and lines would be very short," he said.

Yang is a Bitcoin OG. While many in the crypto community entered in late 2017, Yang was actually watching the technology back in 2013. When the price of Bitcoin crashed to $573after a previous bubble hitting $1,000and everyone was proclaiming the death of Bitcoin, he stayed calm.

I sense the bitcoin price correction will make some Fellows nervous, he tweeted. Not Yang, apparently.

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7 times Andrew Yang has spoken about Bitcoin - Decrypt

Bitcoin (BTC), judging from candlestick arrangements, can easily surge to June 2019 highs.

Given the strong reversal of Nov-Dec 2019 losses and positive signals generated by one of the most closely followed technical indicator, the MACD, there is little argument to remain bearish. This is according to one of the crypto space most respected trader, FlibFlib, who took to twitter to express his two cents.

At pixel time, BTC is trading at over $9,500 and retesting a key liquidation level. For all there is, bulls are firmly in control and have reversed losses of Dec 2019.

As it is, it is highly likely that prices will close above Nov 2019 highs, setting the foundation for another rally that may lift BTC further into the green.

Going forward, it is imperative that BTC bulls comprehensively break and close above the $9,500-600 resistance zone at the back of high trading volumes.

This, as per candlestick arrangements, will nullify the bear breakout of Sep 2019 more so if the accompanying bull bar is with high participation as aforementioned.

Failure could see BTC crater and the bear breakout pattern of September 2019 confirmed in a move that would pour cold water on the current anticipation despite expectations of better prices, four months before a decisive halving.

According to FlibFlib, the confluence of supportive technical factors derived from the daily chart is supportive of bulls and therefore, there is little reason for a bearish argument.

Bitcoin closes the Month tomorrow. A close above $9158 prints a higher high on the monthly close for the first time since June 2019. There is also a bullish cross on the MACD above zero. Difficult to have a bearish argument tbh.

Away from candlestick arrangements, several factors are playing into bulls, and could support prices going forward. For example, the rise of Google search terms for Halving is on the rise indicating interest from the public.

Secondly, ahead of an emissions shock, the network is secure and hash rate at new highs.

Also, the number of unique BTC addresses has been on a steady uptrend. This translates to perfect distribution and use of BTC not only as a safe haven but a medium of exchange as originally designed.

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Bitcoin (BTC), judging from candlestick arrangements, can easily surge to June 2019 highs and there is no argument to remain bearish says analyst.

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Dalmas Ngetich

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CoinGape

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Bitcoin (BTC) at $9,500; There is No Argument to be Bearish Says Analyst - Coingape

As Bitcoin continues its steady climb toward $10,000, crypto traders are closely watching whale movements connected to the leading cryptocurrency.

Hours ago, a large Bitcoin holder moved 2,000 BTC worth $18.6 million onto the crypto exchange Binance where it could potentially be sold for altcoins or cash.

The 2,000 BTC is only part of the whales total Bitcoin holdings. The owner still has 4,053 BTCremaining in the original wallet.

So far, Bitcoins price remains undeterred. The king of crypto is up 0.42% at $9,352, according to COIN360 at time of publishing.

The rest of the market is rising alongside BTC, with Ethereum (ETH) up 4.86% at $182.36, XRP up 3.12% at $0.2412 and Bitcoin Cash up 0.03% at $384.58.

Meanwhile, the XRP community is monitoring an ongoing series of large transfers involving the South Korean cryptocurrency exchange Bithumb.

In the last 24 hours, 250,000,000 XRP worth $60 million left a known wallet owned by Bithumb and was sent to a separate wallet that was activated by the exchange. It happened in two separate transactions, with the first moving 100,000,000 XRP and the second moving 150,000,000 XRP.

The movements could either be Bithumb shifting its own funds around or the sale of XRP to a user or institutional player on its exchange. Last week, Bithumb sent 212,000,000 XRP from the same wallet.

Featured Image: Shutterstock/JanineS

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Crypto Whale Loads 2,000 Bitcoin (BTC) on Binance As Traders Track 250,000,000 XRP on the Move - The Daily Hodl

Bitcoin corrected lower, but stayed above the $9,150 support against the US Dollar. BTC bears need to push the price below $9,150 or the price could rally above $9,500.

After a strong upward move, bitcoin found resistance near $9,400 against the US Dollar. Recently, BTC corrected lower below the $9,350 and $9,300 levels, but the bears struggled to gain strength.

There was a break below the 23.3% Fib retracement level of the key upward move from the $8,875 low to $9,426 high. The price even spiked below the $9,200 support level.

However, the bulls remained active above the main $9,150 support. It seems like the 50% Fib retracement level of the key upward move from the $8,875 low to $9,426 high acted as a strong support.

More importantly, this weeks important bullish trend line is intact with support near $9,210 on the hourly chart of the BTC/USD pair. Bitcoin price is currently rising and it is trading above the $9,300 level.

Bitcoin Price

The first key resistance is near the $9,420 area. If the bulls manage to surpass the $9,420 level, there are high chances of a clear break above the $9,500 resistance area. In the mentioned case, the price is likely to surge towards the $9,880 and $10,000 levels in the coming sessions.

On the downside, the trend line support near $9,210 is the first important support. The main support is near the $9,150 level.

If bitcoin bears succeed in clearing the $9,150 support, the price is likely to start a larger decline towards the $8,860 support level or the 100 hourly simple moving average. An intermediate support is near $9,000 or the 76.4% Fib retracement level of the key upward move from the $8,875 low to $9,426 high.

Technical indicators:

Hourly MACD The MACD is likely to move back into the bullish zone.

Hourly RSI (Relative Strength Index) The RSI for BTC/USD is currently rising and it is just above the 50 level.

Major Support Levels $9,150 followed by $9,000.

Major Resistance Levels $9,400, $9,425 and $9,500.

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Do or Die For Bitcoin Bears: Its The Most Critical Period For BTC - newsBTC

Since Bitcoin broke firmly above the $9K price line last Tuesday, we saw the coin consolidating mostly inside the range of $9300 $9400.

The beautiful thing about Bitcoin is that its volatility will ever stay. It doesnt really matter whether Bitcoin price is trading for $10, $100, or $9000.

Yesterday we saw another volatile move a-la Bitcoin: in under 30 minutes, we saw Bitcoin dropping from $9450 to $9000, only to mark a new yearly high at $9570 not so long after.

The day traders who had kept their positions with stop-loss commands in that region were very unhappy to find their position liquidated in loss following this mini flash-crush.

As a reminder, the $9550 was mentioned by us on the previous price analysis as the next level of resistance above $9400.

Bitcoins recent price action is respecting the ascending channel on the 4-hour chart below. As can be seen, yesterdays low of $9170 (Bitstamp) reached down precisely to the supporting line.

The overall picture is bullish; however, some signs suggest that Bitcoin might need to visit lower areas in the short-term, before continuation further above.

Total Market Cap: $258 billion

Bitcoin Market Cap: $170 billion

BTC Dominance Index: 66.0%

*Data by CoinGecko

Support/Resistance levels: Bitcoin is now back at the confluence zone between $9300 $9400. The first level of resistance lies at the yearly high at around $9550.

Further above lies the resistance area of $9700 $9800, which includes the top boundary of our marked ascending price channel (marked on the following 4-hour chart). Higher above lies $10,000 and $10,300.

In the likely event of a correction, then the first level of support is the marked ascending trend-line on the 4-hour line (~$9280). Down below lies $9200 before the $9000 benchmark. Further down lies the significant 200-days moving average line, roughly around $8850.

The RSI Indicator: As mentioned in the previous price analysis, the momentum indicator had failed to breach the short-term ascending trend-line, together with the 71-72 RSI levels. This had resulted in a bearish divergence that supports the idea of a possible correction.

Besides, the Stochastic RSI oscillator is about to make a bearish crossover at the overbought area. This also supports the correction option in case the crossover is made.

Trading volume: The volume levels had started to increase over the past days, which is a bullish sign supporting the longer-term bullish trend.

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Cryptocurrency chartsby TradingView.

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Bitcoin Price Analysis: $10,000 In Sight, However Bearish Divergence Might Ruin The Bulls Party? - CryptoPotato

The CEO of the Chicago-based investment firm GLJ Research is comparing Teslas skyrocketing stock to Bitcoin.

In a new interview with Fox Business, Gordon Johnson saysElon Musks flagship car company is like Bitcoin on wheels and the bubble is bound to burst.

We think this is a bubble. We think its effectively Bitcoin on wheels. We think a lot of people are scared to miss the upside. If you look at the numbers, their net income for the year was just under negative $900 million. The revenue growth in Q4 was up just 2.2%, and we think that 2020 is going to be a disaster for them. The growth story is China. The coronavirus is going to significantly dent car demand in China. And their US sales last year were down 3%. GMs were only down 2.2%.

Johnson also compares the number of cars Tesla is delivering to the number General Motors is pumping out, and says the wide gap shows Teslas market cap should be significantly lower.

If you look at the numbers, Tesla is effectively guiding to just over 500,000 in production this year effectively by those estimates, deliveries. In February of last year, they guided to 420,000 to 600,000 cars delivered. They delivered 367,500 cars. So the guidance for this year is lower than the high end of the guidance they gave for 2019 last year.

Think about it. They are trading at a multiple of GMs market cap. GM does 500,000 cars in three weeks, so we think its gotten ahead of itself.

Bitcoin (BTC) is known for its extreme volatility and its history of mounting parabolic rallies followed by crashes of 80% or more.

Although the emerging asset remains extremely risky, the top cryptocurrency was the best performing investment of the last decade, beating stocks, bonds and commodities worldwide.

Featured Image: Shutterstock/ParabolStudio

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Elon Musks Tesla Is Bitcoin on Wheels and the Bubble Will Burst, Warns GLJ Research CEO - The Daily Hodl

Bitcoin (BTC) just experienced some wild volatility, with bulls catalyzing a sharp upwards movement to highs of $9,500 before bears ramped up the selling pressure and led the cryptocurrency to dip all the way to $9,200. This immense drop was followed up by another rapid surge, which came about when bulls posted a strong defense []

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The Bitcoin.com Exchange continues to rapidly expand its offerings. The latest asset to join it is the Trustverse token, which is now listed for trading on Bitcoin.coms premier trading platform. To promote the success of the new listing, Trustverse is conducting a giveaway of 1 million TRV tokens.

Also Read: You Can Now Buy Cryptocurrency With Credit Card on Bitcoin.com Exchange

Bitcoin.com Exchange has listed the Trustverse token for trading (TRV/BCH) on January 28, 2020. This AI-powered blockchain-based platform strives to create an invest and relax experience where investors can obtain the information they need in a comprehensible manner to make informed decisions.

Ultimately the project aims to build a universe of trust, hence the name. To achieve this goal, they have integrated a variety of services into the platform, which are all named after planets in the solar system.

Jupiter is their Digital Asset Analytics service that helps traders navigate complex indicators and markets by providing a comprehensive outlook on the crypto markets, similar to the weather forecast. When the market is bullish, Jupiter will show a sunny outlook, while bearish sentiment will result in an image of less clement weather.

The wallet complementing the platform is called Mars and provides users with control and transparency. Currently, the wallet can be used to store bitcoin, bitcoin cash and ERC20 tokens. In addition to enabling peer to peer transfers, the wallet offers escrow services.

The third planet in this universe is Pluto, a Wealth Management dapp helping people to properly take care of insurance and managing inheritance. To prevent losses of digital assets in case of death, Pluto allows users to define conditions in which private keys are released to their inheritors with the help of smart contracts.

Two of the offered services, Jupiter and Mars, have been integrated with the Samsung blockchain ecosystem, making them more broadly available. And Trustverse is working on soon adding the next two planets, Mercury and Neptune. In the joint platform, all services can be accessed via the token (TRV), which is used to pay for different financial services and to run smart contracts.

Bitcoin.com Exchange was launched in early September 2019 as an easy-to-use platform with world-class security and a powerful trading engine. The platform employs institutional-grade encryption, two-factor authentication (2FA) and IP whitelisting to keep user accounts secure at all times. Available digital assets include ADA, ATOM, BCH, BTC, EOS, ETC, ETH, LTC, ONT, TRX, USDT, WAVES, XLM and XRP.

To promote the success of the new listing, Trustverse is giving away 1,000,000 TRV tokens to users on the platform. Users with net deposits (deposits minus withdrawals) of over 50,000 TRV made during the activity period will share a pool of 1,000,000 TRV. The activity period ends 31/01/2020 at 23:59 (UTC). See full details here.

What do you think about Bitcoin.com Exchange listing the Trustverse token? Share your thoughts in the comments section below.

Images courtesy of Shutterstock.

Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

Avi Mizrahi is an economist and entrepreneur who has been covering Bitcoin as a journalist since 2013. He has spoken about the promise of cryptocurrency and blockchain technology at numerous financial conferences around the world, from London to Hong-Kong.

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Trustverse Token Now Listed for Trading on Bitcoin.com Exchange and Users Can Win 1 Million TRV - Bitcoin News