bitcoin Bitcoin Trading Cryptocurrency News 

Why Analyst Says Bitcoin Price Likely to Recover to $9,000 After 23% Pullback

The bitcoin price (BTC) fell by more than 23 percent against the U.S. dollar in the past week, triggering a fierce correction in the cryptocurrency market. Since falling to $7,700, the bitcoin price has recovered to $8,200, critically avoiding a steep drop to the low $7,000 region to test low-level supports in the short term. The bitcoin price (BTC) has historically risen after CME bitcoin futures expiration, which could trigger a cryptocurrency market recovery. | Source: Luke Martin Luke Martin, a cryptocurrency trader, said that an upside to $9,000 is…

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bitcoin Bitcoin Analysis Bitcoin Price News Bitcoin Trading Cryptocurrency News Murad Mahmudov 

Bitcoin Could Hit $100K in the Next Bull Run: Hedge Fund CIO

Yet another crypto fund executive sets an ambitious $100,000 price target for bitcoin. Source: Shutterstock Crypto hedge fund executive, Murad Mahmudov this morning added his voice to the growing song of experts calling for $100k a bitcoin. The CIO of Adaptive Capital weighed in on the technical debate observing that the current choppy price action is most likely just a “steady accumulation” phase. At first glance this looks like a weak chop for the next week or so, but my intuition tells me there is steady accumulation happening at these…

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bitcoin Bitcoin Trading Cryptocurrency News 

Bitcoin Price Spikes Fueled by Weekend Trading Surges: Report

The stock market closes on the weekends, but bitcoin never closes. And that’s probably why you see the industry constantly whipsawed by wild bitcoin price fluctuations. While you’re enjoying a relaxing weekend, crypto traders elsewhere are busy buying and selling. Since May, the flurry of weekend trading has accounted for 40% of bitcoin’s price gains this year, Bloomberg reported. The Best Never Rest, and Neither Does Bitcoin? There are several reasons why this may be happening. David Tawil is the president of crypto hedge fund ProChain Capital. Tawil says one…

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CCN is Shutting Down after Google’s June 2019 Core Update

Dear readers, Let’s get straight to it. Google’s June 2019 Core Update rolled out on June 3th 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight. Our traffic has experienced a massive impact by Google’s June 2019 Core Update. Image from Sistrix.com.   CCN’s visibility index on Sistrix.com shows how our site was affected by Google’s Core Update. As data from SEO analyzer Sistrix shows, our visibility on Google dropped from 1.2 to less than 0.6. You might say we ought not to face any…

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bitcoin Bitcoin Analysis Bitcoin Price News Bitcoin Trading Bitcoin Value 

Bitcoin Volatility Indicator Suggests It’s Time You Sell Your Crypto

By CCN: Bitcoin is pulling back sharply as investors and traders alike look to consolidate cryptocurrency gains in 2019. One indicator, however, suggests that the selling pressure isn’t over yet. The VERA Convergence-Divergence signal is a Bitcoin volatility indicator that’s flashing warning signs. Is it time to sell Bitcoin yet? Source: Bloomberg. As Bloomberg reports, the ‘VERA Cvg Dvg’ is once again flashing a sell in 2019. The first and only other sell signal this year was a red herring in late April. If traders had taken the bait then,…

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Bitcoin Companies Bitcoin Trading bitlicense Robinhood 

Robinhood Uses BitLicense, Brings Zero-Fee Crypto Trading to New York

By CCN: Robinhood has brought its popular commission-free crypto trading app to New York investors. The California-based startup announced Thursday that it is launching bitcoin, ethereum, and other cryptocurrency trading services in New York. The announcement appeared precisely four months after Robinhood received a BitLicense from the New York State Department of Financial Services (NYDFS). Excerpts from the press release: “Currently, you can invest in seven cryptocurrencies on Robinhood Crypto: Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, Ethereum Classic, Litecoin, and Dogecoin. You can also track price movements and news for…

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Bitcoin Trading Crypto litecoin XRP 

Germany’s No.2 Stock Exchange Enables Investors to Buy Litecoin, XRP

By CCN: Börse Stuttgart, the second biggest stock exchange in Germany and the ninth largest in Europe, has approved the listing of litecoin and XRP exchange-traded notes (ETNs). “For the first time in Germany, investors can now buy and sell exchange-traded notes (ETNs) based on the cryptocurrencies Litecoin and Ripple (XRP). The four securities issued by XBT Provider in Sweden track the price of the two cryptocurrencies in relation to the euro and the Swedish krona,” the Börse Stuttgart team said. Similar to exchange-traded funds (ETFs), ETNs operate as strictly…

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bitcoin Bitcoin Trading Crypto Ethereum etrade 

US Stock Brokerage E*Trade Prepares Crypto Trading with Bitcoin and Ether

By CCN.com: E*Trade Financial Corp. is waking when it comes to the importance of allowing its customers the ability to trade cryptos. It’s readying to allow them to trade Bitcoin and Ethereum, Bloomberg reports. While banks and others have shunned cryptos, E*Trade’s willingness to allow customers to trade them is significant. It’s another step in the mass adoption of cryptos, which have been plagued by criticism. Entrance Would Do Wonders For Cryptos Bloomberg spoke to anonymous sources about E*Trade’s plans. Allowing crypto trading would make E*Trade one of the largest…

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bitcoin etf Bitcoin Trading Crypto Securities and Exchange Commission 

SEC Receives 84% Negative Feedback on Application

The SEC received just seven comment letters from the public in response to a solicitation for feedback it had requested in February 2019. Of those, six urged the agency to reject the application. (That’s around 84%.) The industry’s enthusiasm for a Bitcoin ETF (exchange-traded fund) appears to be waning — if you judge that by the dearth of new comment letters to the Securities and Exchange Commission in support of the investment vehicle. Commenter: Bitcoin ‘Is Volatile, Manipulated’ Dina Pinto wrote: “It is in my opinion that Bitcoin to date…

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