|Day's range||0.8 - 0.83|
|Volume (24 hrs)||738.13k|
|Volume (24 hrs) all currencies||235.24M|
It’s a mixed start to the day, with Bitcoin Cash in the red, while the broader markets sit in positive territory to hold on to Thursday’s gains, though we can expect a choppy day ahead, caution playing a hand in direction today.
Mobile banking app Revolut now lets users buy, sell and hold Ripple's XRP and bitcoin cash, in addition to bitcoin, litecoin and ether.
There was some relief in the early hours, with Bitcoin and the broader market recovering some of Wednesday’s losses, though whether Bitcoin can hold on remains to be seen, investors likely to be quick to lock in profits.
Key PointsBTCUSD Fresh Bullish Kumo BreakoutETH/USD Fresh Bullish Kumo BreakoutXRPUSD may start a new uptrendBitcoin (BTCUSD) Technical Analysis
Bitcoin flat at the start of the week, with the bulls needing to hold on to $8,500 levels to support a run at $8,700, the bulls’ next target to continue reversing the bearish trend formed in early May.
Bitcoin Cash leads the chart early on, with the majors looking to recover from Saturday’s woes. It’s going to be a challenge to shake off the bearish trend, as the majors continue to fall well short of key resistance levels.
It’s been a mixed start to the day and volatility is likely to persist as investors consider what lies ahead for the cryptomarket near-term, the longer-term outlook still bullish in spite of concerns over the regulatory landscape.
Following its acquisition of a qualified custodian, BitGo is unveiling a new product suite Sunday designed to appeal to institutional investors.
It’s red again for the majors, following some respite on Saturday, investors looking ahead to a week that not only includes a Bitcoin Cash hard fork, but also likely regulatory chatter, following last week’s raid on UpBit.
Crypto trading platform Crypto Facilities, which helps the CME Group provide bitcoin futures contracts, will be launching ethereum futures today.
The cryptos are on the move, but can they hold on to early gains to support another afternoon rally and restore confidence across the markets? Support levels will come into play and resistance may be that little bit tougher to get through
A subsidiary of South Korean cryptocurrency exchange Coinone is turning to Ripple's xCurrent blockchain network for cross-border payments.
Winklevoss IP, the company owned by Cameron and Tyler Winklevoss, has been awarded with a patent that aims to settle ETPs holding cryptos.
Large financial institutions are rushing to bring regulated crypto products to market and attract billions of new investment capital. Goldman Sachs, CME/CBOE, JPMorgan, Nasdaq and Morgan Stanley are already embracing cryptocurrencies.
It’s a positive start to the day, but if the majors fail to break clear of key support levels, a reversal may be on the cards with investors still bruised from Monday’s slide across the market.
It’s been a positive start to the morning, with the recovery from the 1st quarter continuing, though sentiment could be tested early on with the upward trajectory for the week likely to be too good to be true for some of the more cautious.
Blockchain and cryptocurrencies caused so much hype, buzz, and confusion in the investment world. A multifunctional blockchain-based gaming platform Game Stars has recently announced the start of the Token Sale. The amount of tokens allocated for the sale is limited to only 500 million. It means that not everyone willing to buy GST will be able to get one. Game Stars tokens are expected to sell as hotcakes from the counter.
There are no comprehensive laws on the books when it comes to cryptocurrencies, though. Whether it’s differences from country to country or from one US state to another, there are no hard and fast rules when it comes to the legality of dealing with crypto wherever you live. The most useful way to rectify this, therefore, is to provide as detailed information as possible depending on your specific geographic location.
Cryptocurrencies are still traversing the stronger parts of their range early this morning. Chatter from the U.S indicated the SEC may be considering a hard line regarding its definition of tokens.
Bitcoin recovered from an early fall, but needs to move through to $9,200 levels to restore confidence and draw in investors sitting on the sidelines following April’s run. A lackluster morning could see Bitcoin struggle later.
Digital assets continue to retreat from their highs early this week. Bitcoin did well in April, but it faces questions regarding which direction it will now traverse.