Ripple XRP Price Analysis Nov.21: Is XRP the ultimate hedge-altcoin against Bitcoin’s decline?

Following the recent news on Ripple and XRP, its management is clinching for ties with the Bank of America for a blockchain business to facilitating the cross-border transaction (Money Gram and Western Union) amongst crypto enthusiasts. The Asian Bank (CIMB) also shows interest in the Ripple-economy adoption as they prepare their customers to position for a peer to peer...

Bitcoin Price Analysis Nov.21: Another low has been captured, what’s next?

Unfortunate to all Bitcoin lovers, another low was captured. To whoever whose reading my BTC price analysis from yesterday, I stated there clearly that breaking the $4500 support level means that the next target is $4050. As seen by the following chart, Bitcoin’s yesterday’s low (actually the yearly low) is precisely at $4048. Getting there, a slight correction has taken...

More fuel to the fire? Bakkt Bitcoin Futures Launch Date Postponed to 24 of January 2019

Bad news for the crypto markets has emerged following a notice released by the Intercontinental Exchange (ICE) the U.S, today Nov 20. The securities and commodities exchange company (whose parent company is the NYSE) says it will delay the launch date of the Bitcoin Futures offered by crypto custody firm Bakkt, while trading of the contract could begin on January...

Crypto Market Update Nov.20: Black November. Crypto crushes, is the bleeding over?

After a relatively long period of stability, the crypto markets suffered a significant blow, and the crash is now in full swing, as described by me last week. The price of Bitcoin has fallen around 30%, and the alternative coins, altcoins, have also been painted red with severe losses of up to 50%. After the hype of 2017, the crypto...

Is India close to regulate crypto? A draft is expected in December

TL;DR The Indian government has announced that regulations regarding the use of cryptocurrency will be drafted in December 2018 This happens following heavy restrictions on banks in regards to providing services for cryptocurrency exchanges and has led businesses, including Zebpay Exchange, to migrate out of India. India seems to be a step closer to drafting detailed regulations for cryptocurrencies. The draft, that is...

Are BCH miners using their Bitcoin to fund the war? Bitcoin hash rate drops by 10%

On November 3, 2018, Bitcoin’s hash rate was standing on 57.5 million TH/s. Now, the BTC hash rate dropped below 42 million TH/s, and we suspect that the Bitcoin Cash hash wars have the answers for this sudden decrease. According to Blockchain.com’s stats, the main backers of the Bitcoin ABC proposal have lowered their BTC hash power significantly. Bitcoin.com, one...

OKEX Denies Guilty in the BCH Futures Issue: Customers’ Lousy Management Led to Losses

TL;DR Due to BCH hard fork and following hash wars, numerous investors experienced significant losses, with a lot of them blaming cryptocurrency exchange OKEX for it. The exchange was accused of an attempt at market manipulation by ending BCH futures contracts trading early and suddenly, while the prices were damaging to investors. OKEX denied these allegations, explaining its acts and methods, and...

Bitcoin Price Analysis Nov.20: HODLer’s nightmare, a chance for a correction?

A nightmare. No words can describe the past 24 hours of Bitcoin’s trading. For the first time, I had to switch to the Bitcoin’s daily chart since the 4-hour chart has no much space to show the $2000 decline over the past days. The positive aspect is that Bitcoin is strong and survived even more severe declines: BTC all-time highest declines  When...

Crypto Community’s Daily Digest: Can Ripple Overtake Bitcoin to Become The Largest Cryptocurrency?

While Bitcoin, along with most cryptocurrencies, has severly decreased, Ripple kept getting stronger and gained value against Bitcoin. Ripple has taken the second place from Ethereum in the market cap leaders, and currently, the two coins are almost $4 Billion away, which is around 23% from each other. Is Ripple aiming to replace Bitcoin for the long-term as the top...

Ripple XRP Price Analysis Nov.19: Ripple as a hedge against Bitcoin

To summarize, XRP is bearish against the USD, despite being a hedge for Bitcoin. Against the leading cryptocurrency, Ripple looks bullish and just recently surpassed Ethereum as the second largest crypto. XRP-USD Market The XRP market is moving in a downward direction following high seller’s volume. A breakout may occur above $0.55 resistance level should the buyers react strongly with a...