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Bitblock Capital has published an alternative mining valuation model for BTC. The company has published a report that examines data from July 2016 to Dec. 2018 that seeks to “explain the relationships between [BTC] price and its intrinsic value” using the model. Also Read: Google Play Store Forces Samourai Wallet to Remove Security Features Bitblock Capital … Read more
The 2018 bear trend brought an increase in correlation across the leading cryptocurrency markets, with recent research indicating that 10 of the top 15 crypto assets by market cap show a price correlation of more than 64%. Additionally, five cryptocurrency pairs show a correlation larger than 80% for 2018 – ADA and XLM, BTC and … Read more
Bitcoin’s reported average daily price change this year is the lowest value in the past 9 years Go to Source Powered by WPeMatico
On the cusp of the new year, most of the top 20 coins by market cap are solidly in the red, with losses capped below 6 percent Go to Source Powered by WPeMatico
We are coming to the last stretch for 2018. For people in the United States there are less than 24 hours left before the New Year. At this point we can safely say that the $589 EOY prediction for XRP is not going to happen. At the time of writing XRP is holding support at … Read more
Ever since Christmas eve, cryptocurrency markets have been changing directions every single day. After peaking at $0.44 earlier this week, XRP has been looking for support ever since. Currently XRP is trading at $0.36, down roughly 3% in the past 24 hours. Other than a huge price spike of over 50% back in September, XRP … Read more
After a day of no movement, cryptocurrency markets dropped another 5% come Thursday. Most coins are in the red at the time of writing including Ethereum which is down almost 10%. ETH price dropped sharply from $124 to the current $117 in a matter of an hour, not a pleasant sight to look at. As … Read more
With Christmas over, cryptocurrency markets at at a standstill. Traders are on the sidelines waiting for the next move. With New Year coming up, the sentiment is hopeful. However, as of right now there isn’t much momentum in either direction. XRP is staying above the $0.36 support but the real question is whether it will … Read more
Cryptocurrency markets were blessed with bullish momentum on Christmas eve. Unfortunately, once Christmas day hit the tables have turned and the bears made their presence known. Luckily the market has somewhat stabilized since then and crypto stopped bleeding for the time being. Dogecoin lost roughly 8% in the past 24 hours currently looking to establish … Read more
After rising heavily earlier this week, XRP is now correcting, heading down. On Xmas, Dec 25, the coin is trading around $0.3903. On H1, the ascending trend reached 61.80% Fibo, and may then continue rising to reach 76.00%, or $0.4936. However, the MACD is converging, meaning the price is likely to plunge, with the current … Read more
