|Day's Range||3,592.04 - 3,632.35|
|52 Week Range||3,271.7600 - 11,431.5498|
TOP TEN MarketWatch rounds up 10 of its most interesting topics over the past week. 1. A warning from George Soros Soros says it’s not too late to save the European Union. 2. Another example of crazy airline rules Imagine you discover it’s cheaper to book a flight to a more distant city that has a layover in a city you really want to go to.
Bitcoin prices slump midday Friday, with one expert cautioning that further declines were on the horizon for the world’s most popular digital asset.
The BTC/USD pair is currently trading at the $3.578 price level and is heading towards the first price congestion resistance level of $3,600. BTC/USD moves in the upper zone of the long term bearish channel and can break up the trend line that acts as the channel ceiling at the $3,650 price level. In the event of such a break, the next resistance level is $3,690 (price congestion resistance).
Daily trading volume on the recently launched tZERO platform is less than 1% the total supply of the only listed security token.
On Thursday, the crypto community notched up a win when JPMorgan Chase & Co. announced they had launched their own cryptocurrency, the JPM Coin. But did they?
Bitcoin's six days in the doldrums has weakened the bull case in the short term, leaving a target of $3,700 for a resumed rally.
Major cryptocurrency prices fall on Thursday morning in New York, extending losses from the previous session.
The largest US-based cryptocurrency exchange Coinbase has allowed its users to withdraw BSV three months after the hard fork.
U.S. banking giant JPMorgan Chase & Co. said on Thursday it had launched its own digital currency, the JPM Coin to service institutional clients in the settlement of funds.
The BTC/USD pair is currently trading at the $3.566 price level, resting on a support level of price congestion at that price level. Above the current price, the first target is at $3,600 (price congestion resistance), a resistance level from which it would be likely to attempt to breach the long term bearish channel's trendline ceiling by $3,650. The behavior of the BTC/USD pair can become explosive from the resistance level of $3,700 (price congestion resistance).
JPMorgan Chase & Co. is set to debut its own digital currency, according to a CNBC report. Such a development would be a striking move for a company led by one of the most vocal critics of bitcoin and its ilk. According to the news channel, JPMorgan, under CEO Jamie Dimon, is preparing to unfurl JPM Coin, a proprietary currency engineered by the bank's technology group. CNBC said that project is being headed by Umar Farooq, JPMorgan's head of blockchain. All of the use cases for JPM Coin aren't entirely clear, but Farooq told CNBC in an interview that its application could be wide-ranging. The so-called JPM Coin is pegged to the U.S. dollar and could be used as a vehicle for international payments. Wall Street companies have long toyed with the idea of using the blockchain, or distributed-ledger technology that underpins most crypotcurrencies, to track trades and help create efficiencies in their businesses. However, few, if any, have effectively rolled out a real-world use for blockchain or cryptocurrencies. The move by JPMorgan comes even as bitcoin , one of the most popular digital currencies in the world, has seen its value crumble by more than 80% since its peak near $20,000 in late 2017 to its current price at around $3,500. Proponents of digital coins, a group viewed as comprising antiestablishment and anti-Wall Street players, have been awaiting increased adoption of blockchain and cryptocurrencies by traditional businesses. Some on Wall Street have been hoping for an exchange-traded fund, or ETF, backed by digital currencies to debut, but none among the handful currently seeking approval has been given the regulatory green light. For his part, Dimon has referred to bitcoin as a "fraud" but has said he sees utility in blockchain. A call to a JPMorgan official wasn't immediately returned. JPMorgan, the biggest U.S. bank by assets, has seen its shares climb 5.6% so far in 2019, underperforming the broader market, with the S&P 500 index up 9.8% and the Dow Jones Industrial Average , of which JPMorgan Chase is a component, gaining 9.5% over the same period.
Researchers have identified a group of bitcoin addresses that likely belonged to the cold wallets of failed exchange QuadrigaCX.
Bitcoin prices fall Wednesday afternoon, extending the slide that has seen the cryptocurrency fall 5% since making a three-week high above $3,700 on Friday.
The saga of QuadrigaCX, the Canadian crypto exchange that can’t access users’ funds because the owner passed away, continued on Tuesday, when court documents revealed the exchange accidentally sent more than 100 bitcoins to the cold wallet of deceased owner after the company had filed for credit protection.
The best way to take advantage of this movement is to look for those assets that will behave better than Bitcoin in the coming weeks and move the capital back to Bitcoin at the time that it nears the level mentioned above of 0.054 ETH/BTC. The ETH/USD pair is currently trading at the price level of 0.03407 ETH/BTC, once again beating the uptrend line lost in January and thus increasing the uptrend potential. The first resistance is at the price level of 0.035 ETH/BTC.
Never one to shy away from a big bet, crytpo evangelist Patrick Byrne has some bold plans for his company in the distributed ledger field.
XRP is in a decisive moment that will mark the way to the rest of cryptocurrencies. The negative data is that the pattern of behavior is not favorable to breaks when it is consolidating so close to the resistance. According to the development phases, Ripple is the one that seems to be closer to reaching the resolution point, followed by Ethereum and finally by Bitcoin.