Binance Burns Over 2 Million Binance Coin (BNB), Will The Price React?

Binance, the world’s leading cryptocurrency exchange, has completed its 9th quarterly burn of Binance Coin (BNB). The event saw upwards of 2 million tokens, worth more than $36 million. This number represents 20% of the company’s quarterly profits. Naturally, as the burn takes place and it eliminates BNB from circulation, the price might react, but will it? Binance Burns 2M...

Bitcoin Price Plunges Below $8000: Are New Monthly Lows $7200 Coming Up? (BTC Analysis & Overview)

Following very calm and steady trading days, where Bitcoin couldn’t overcome the significant 200-days moving average line (marked light green on the attached daily chart), the recent hours saw Bitcoin breaking down below $8000 for the first time in the past ten days. Many see the market bearish as long as Bitcoin is trading below the mentioned MA-200 (currently around...

Ethereum Price Analysis: ETH Falls Below $180, More Pressure Ahead?

Ethereum saw a small decline of around 3.26% over the past 24 hours and it currently trades at $178. ETH has seen a further 10% drop over the past month. The cryptocurrency recently met resistance at the 100-days EMA and failed to break above it which caused ETH to roll over and fall. Ethereum remains the second-largest cryptocurrency with a...

Qtum To Undergo First POS Hard Fork: Upgrades Smart Contract Functionalities

Qtum brings forward a proof-of-stake blockchain and it’s poised to go through its very first hard fork. The upgrade is scheduled for tomorrow, October 17th, and it is intended to introduce a lot of improvements, especially to the functionalities of the network’s smart contracts. Qtum’s First Hard Fork Tomorrow, October 17th will see the first hard fork of proof-of-chain blockchain Qtum....

Crypto Community Bearish On Bitcoin, Predicting $6,000 Soon (But There’s A Catch)

Bitcoin’s price action of late got the community rather bearish. A lot of popular analysts are suggesting that the price might plunge down to $6,000. As we’ve seen plenty of times in the past, however, Bitcoin often does the exact opposite so it’s quite interesting to see where the price will take from here.  Bitcoin’s Price Recent Action And Bearish...

Bitcoin Steady While Altcoins Take-Off: The Weekly Crypto Market Update

This week the market continued to stagnate, but we saw some promising signs in the altcoins field. While most of the attention is towards Bitcoin’s price and whether the support will hold, traders have also moved to altcoins where we saw a lot of interest during the week. Bitcoin’s dominance declined since peaking at 72% and other cryptocurrencies finally managed...

Crypto Price Analysis & Overview: Bitcoin, Ethereum, Ripple, FetchAI, Litecoin

Bitcoin We saw an attempt to break down the resistance at around the 200 MA. Support in this range holds at about $8,000. If it fails, we can expect testing lower levels and this will spell bad news for the market. The chart seems to be technically primed for a turning point. Ethereum Against the USD, we saw attempts to return to...

Cryptojournal Review: Trading Journal For Cryptocurrency Traders

Featured There are plenty of cryptocurrency exchanges that traders can use to receive exposure to the prices of various digital currencies. If there is one thing that the market is associated with, however, it is its extreme volatility. Hence, it’s particularly important to guarantee that your trading logs are kept perfectly. While traditional recordkeeping could still work, it’s undoubtedly challenging to...

Ripple Price Analysis: Will XRP Finally Break Above $0.30?

XRP saw a price increase of around 1% over the past 24 hours and it currently trades at $0.2926. The cryptocurrency has been on a tear these past two weeks after surging by a total of 17.72%, making it the strongest performing cryptocurrency out of the top 5 in the selected period.  The surge has now allowed XRP to retest...

Swedish Central Bank Chief Says Facebook’s Libra Is An Important Catalytic Event

The Governor of Sweden’s Central Bank, Riksbank, said today that Facebook’s Libra has turned out to be a very important event. The bank has already been exploring the issuance of digital currencies, mainly because the usage of cash in Sweden is decreasing dramatically. Libra An Incredibly Important Catalytic Event Despite the recent shakedown which caused a lot of the key backers...