Digital currencies and social mediaThe price of major cryptocurrencies such as Bitcoin fell on Tuesday. Yesterday, on August 26 the price of Bitcoin increased and at some point even surpassed the $10,400 level. It continued its rise to the top when Bitcoin’s price reached more than $10,500. However, it was unable to increase its price and Bitcoin experienced problems.
At the moment, the price remains above $10,000 level. At the time of writing Bitcoin’s price is $10,019. However, Brian Kelly who is the founder of the investment company BKCM thinks the situation will improve in the future. Kelly even added that right now is an excellent time to buy Bitcoin.
He also talked about the reasons which affected the price of Bitcoin. Kelly stated that the number of active Bitcoin addresses decreased which might indicate that cryptocurrency is close to sell-off. According to Kelly, after sell-off, the Bitcoin’s price will strengthen its position.
The price of another digital currency Ethereum also declined on August 27. Right now Ethereum is the second-largest cryptocurrency on the market. Yesterday, its price reached $193, 44 but in a couple of hours, the price of Ethereum fell to less than $190. Right now, Ethereum’s price is $186.
Litecoin’s price followed the footsteps of other major cryptocurrencies. Litecoin’s price is $73.
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BTC on MondayOn Monday, Bitcoin’s price increased, and at some point, it even reached more than $10,500 per Bitcoin. This happened as Bitcoin enjoyed strong support during the early morning on Monday.
The price of the biggest cryptocurrency in terms of market capitalization managed to recover from less than $10,000 to more than $10,660. It is worth mentioning that the price has changed in several hours.
At the moment the price decreased, but it is well above the $10,000 level. Right now price per Bitcoin is $10,344. As mentioned above, there are several factors which affected the Bitcoin price. One of the most important elements at the moment is the ongoing trade war between the U.S. and China.
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Bitcoin’s price increased on August 23The price of Bitcoin surpassed $10,000. For the last couple of days, Bitcoin struggled to overcome this level. However, at the moment the price of Bitcoin is $10,207. There is a chance that Bitcoin will continue its journey to the top.
Bitcoin’s price reduced to less than $10,000 during the past several days. It worth mentioning that Cryptocurrencies play an important role as some analysts argue that Bitcoin can act as “digital gold.”
It means that the number of people willing to invest in the cryptocurrencies is on the rise. Every time the price of Bitcoin falls below $10,000 this creates uncertainty regarding the digital currency market. However, people should keep in mind that Bitcoin, Ethereum can reverse the trend as it happened on Friday.
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Bitcoin’s price decreased on ThursdayFor the last several days, the most prominent cryptocurrency in the world in terms of market capitalization continues to experience problems. Yesterday on August 21, the price of Bitcoin fell to less than $10,000.
This happened after it lost support at $10,250 against the U.S. dollar. However, the troubles of Bitcoin did not end there, and price continued to decrease below $10,000. Moreover, in several hours the price reduced to $9,757. At the moment the price of Bitcoin increased and reached $9,965.
There are several factors which affected the price of the cryptocurrencies. One of the main reasons is that investors are cautious regarding the ongoing situation. Let’s have a look at the latest results from alternative.me’s Fear & Greed Index. Nevertheless, this index it’s pointing out to extreme fear. It means that this is bad news for Bitcoin and digital currencies in general.
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Price of BTC declinedThe price of the biggest cryptocurrency in terms of market capitalization decreased on Wednesday. Bitcoin was unable to break the resistance. It means that Bitcoin’s price failed to surpass the $11,000 level. Moreover, in several hours price decreased from $10,900 to below $10,100.
At the time of writing, Bitcoin’s price slightly increased and reached $10,112. Nevertheless, in comparison with the day before this is still a significant decline for Bitcoin. At the moment, it is hard to make the prediction, but it is essential to keep the price above $10,000 level. It is worth mentioning that Bitcoin’s price since mid-June did not fall below the $9,300 level.
Ethereum is the second biggest digital currency in terms of market capitalization. Its price also decreased on Wednesday. Ethereum’s price dropped by more than 5% in the last 24 hours. The price of the Ethereum fell below $190. Right now, the Ethereum’s price is $187.49. However, there is a chance Ethereum might be able to reverse this trend in the upcoming days.
Another cryptocurrency Litecoin is also experiencing problems. The price of Litecoin decreased by more than 2%. Litecoin’s price fell below $75 level. Yesterday at some point price was $77, but after several hours the price decreased to less than $75 per Litecoin. At the moment, the price of Litecoin is $72.06.
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Cryptocurrency market newsThe number of businesses which embrace cryptocurrencies such as Bitcoin, Ethereum, and other others is on the rise. NBA teams Sacramento Kings and Dallas Mavericks accept cryptocurrencies. It means that fans who would like to pay for the tickets by crypto money no longer have to exchange the cryptocurrencies for the U.S. dollars.
Moreover, NBA teams are not alone when it comes to using digital currencies as a form of payment. Recently, a luxury condominium complex in Orlando, Florida signed an agreement with BitPay. It means that from now on Grove Resort & Water Park will accept the cryptocurrencies. At first glance, this might seem as minor progress for Bitcoin and digital currencies; however this agreement is another good news for the crypto community. Investors can purchase the condo residences by Bitcoin payments.
It is worth mentioning that this is not the agreement connected with the real estate market. For example, in 2017, BitPay handled almost $20 million in real estate sales. Even though the results fell in 2018 when the company processed around $6 million in real estate development; the interest remains high.
Cryptocurrency’s code of practiceCrypto rules and regulations
The popularity of digital currencies increased the risk of illegal activities. The Association of Cryptocurrency Enterprises and Startups of Singapore (ACCESS) created a code of Practice. This organization, in cooperation with law firm Linklaters, developed this document to tackle illegal activities.
The purpose of this code of practice is to provide detailed information about the money laundering. However, it covers other issues as well such as financing of terrorist activities by using the digital currencies. Also, it is important to mention that government officials support this code of Practice. The Monetary Authority of Singapore, which is the central bank of Singapore, fully supports this initiative.
Singapore is one of the biggest business hubs in the world. This code of practice will once again underline the importance of Singapore as a global business hub.
Digital currencies on August 16On Friday, the price of primary cryptocurrencies changed several times in one day. The price of the biggest cryptocurrency was unstable as on Thursday price decreased below $10,000. Bitcoin’s price reduced after it lost support at $10,000, it further reduced to $9,650 on Thursday.
Based on the information provided by CoinDesk, Bitcoin’s price fell by 21% during the last seven days. It means that from August 8 to August 15 the price of Bitcoin decreased by more than 20%.
The ongoing trade war between the U.S. and China influenced the Bitcoin’s price. During last week, after another round of mutual accusations, the price of Bitcoin fell to less than $10,000. On August 15, stock market prices fell due to the ongoing trade war. The shares of the S&P 500 decreased 3% while FTSE-100 shares fell by about 1.3%.
For a short period of time, the price of Bitcoin managed to increase to $10,385. However, in several hours, the price fell again to less $10,000. On Friday, at the moment of writing, the price per Bitcoin was $10,036.
Cryptocurrencies on FridayPrice of cryptocurrencies such as Bitcoin, Litecoin, and Ethereum changed multiple times during the last 24 hours. It is worth mentioning that Bitcoin’s price continues to decrease for several days in a row. There are several factors which affected the cryptocurrencies. Bitcoin’s price dropped as it was unable to hold the momentum when the price was $10,000. After Bitcoin lost support at $10,000, its rate further decreased to $9,650 on Thursday.
According to CoinDesk, Bitcoin’s price fell by 21% during the last seven days. It means that from August 8 to August 15 the price of the number one cryptocurrency decreased by more than 20%.
The trade war between the U.S. and China started over a year ago. However, as the conflict escalated this week, it created additional problems for Bitcoin. On Wednesday, stock market prices fell due to the ongoing trade war. It is worth mentioning that the S&P 500 lost 3%. At the same time, FTSE-100 in London also experienced problems as its shares fell by about 1.3%.
In this situation, the price of Bitcoin still managed to increase to $10,385. However, in several hours the price fell again to less $10,000. At the moment, the price per Bitcoin is $10,036.
Litecoin and EthereumCryptocurrency news
The price of other cryptocurrencies also decreased on Friday. Ethereum is the second biggest cryptocurrency in terms of market capitalization. The price of Ethereum declined and at the moment, the price per Ethereum is $184. On Thursday, the price declined to the lowest point of this month when the price of Ethereum reduced to $173.
The price of another of Litecoin fell on August 16. Right now, the price of Litecoin is $74.21.
Digital currencies such as Bitcoin, Ethereum, and others are famous around the world. Even though the price of the biggest cryptocurrency changed several times, there is a chance that Bitcoin’s price will increase in the upcoming days.
A new tax bill on crypto in the US – good or bad news?A new tax bill on cryptocurrency was introduced in the United States House of Representatives. The bill is aiming to allow the exclusion of gain or loss on similar exchanges of virtual currency. That means that BTC might be tax-exempt.
The name of the bill is the Virtual Value Tax Fix Act of 2019, originally introduced by Ted Budd. The bill has to introduce amendments to the Internal Revenue Code of 1986. According to that code, no gain or loss can be recognized on the exchange of real property. So if you swap one car for another, it is not recognized as productive use in a trade or business. So this new bill would treat cryptocurrency the same as real property.
If the tax bill gets accepted, it will preclude cryptos from double taxation under this code. Additionally, cryptocurrency would become a real deal in the world. Not that it is not a real deal currently, but now there would be an actual law somehow protecting it. This is a big step in the cryptocurrency world.
Bitcoin price and updates
Overall BTC is on the rise again after the major drop in July. As expected, August has been a more productive month for the famous cryptocurrency. We mainly see bullish signs, and though the market tried to go bearish at some point, the bulls won’t let it happen.
At the time of writing, the bitcoin price is at $11,931.30. There is hope that BTC will be able to pierce the $12,000 resistance by the end of the day. This will be great news as long as the price manages to stay above that resistance, turning it into support. With the current tax bill being introduced in the US, this should help with the popularity of all kinds of crypto. Still, as we have learned, BTC remains to be the favorite among all. So, if the bill gets accepted, the rise in demand is unavoidable.
Iranian crypto mining industryThe Iranian economy is struggling to deal with economic problems. U.S. sanctions hurt the local economy. One of the possible solutions for Iran was to authorize crypto mining. However, to start crypto mining, potential investors might receive permission from Iran’s Ministry of Industry, Mine, and Trade. Another condition is that crypto mining should take place outside of provincial centers. They even specified that miners have to establish such facilities at least 30 km from the provincial centers.
It does not mean that citizens can use cryptocurrencies to pay for the products. The Iranian government released a new law on August 4 regarding this issue. According to this law, the Iranian government is not going to recognize any domestic transactions which involve cryptocurrencies.
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Interesting pattern in bitcoin total market cap chartLooking at the total market cap one can see a much higher amounts of volume in the recent months when compared to the bull run up to 20k. Why is this significant and what does it mean? Please comment below
My Theory is that for whatever reason there is a lot more buying and selling going on around these levels however I don't have an exact reason as to why the price hasn't reflected the massive rise in volume yet. What is a story being told here from within the volume? I am not proposing a bullish or bearish direction. I would just like to here theories about why this is happening. Thank you
Performance #XBTUSD #BTCUSD #BITCOINBTC koreksi cukup dalam dari Harga tertingginya sudah hampir turun $4000.
Kondisi chart btc juga sangat tidak bagus, weekly candle ditutup buruk, daily candle Lower Low, Lower High
Satu2nya yg masih positif adalah di USDT marketcap.
Umumnya saat btc drop USDT duluan drop, menandakan uang keluar crypto.
TP drop kali ini beda, BTC drop, USDT tidak turun.
Apakah peluang another pump ?
BTC Market capLooking at BTC market cap we can see that we have reached 200 Billion dollar level and it is exactly the level that we have top out on february 2018. but in price we have some way to go. it is really hard time for shorting bitcoin but i think may be we have topped out in we should see a big big correction or a new bottom below 3100 usd. be cautious.
Bitcoin BTC/USD price forecast timing analysis.BTC/USD investing strategies
Read more: www.pretiming.com
Investing position about Supply-Demand(S&D) strength: Strong buy as Rising section of high profit & low risk
Supply-Demand(S&D) strength linkage Trend Analysis: About to begin an adjustment trend as a upward trend gradually gives way to a slowdown in rises and falling fluctuations
Today's Supply-Demand(S&D) strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 3.3% (HIGH) ~ -0.7% (LOW), 1.1% (CLOSE)
%AVG in case of rising: 3.7% (HIGH) ~ -1.1% (LOW), 2.8% (CLOSE)
%AVG in case of falling: 1.6% (HIGH) ~ -3.0% (LOW), -1.1%(CLOSE)
Price Forecast Timing Criteria: price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.






















