Bitcoin Price Update
Following up on the weekend look at Bitcoin’s long term price chart, we will look again today at the long term (8 day candle) chart of BTC, per Kraken. Over the weekend we looked at a Bull Setup. As we saw, that setup suggests a bull move that will likely last several more months. But of course, it goes without saying that there are both bulls and bears in the market at pretty much any given moment. I expect that is well understood by everyone reading this article. So, it is not enough to just look at a bull setup as we did in my last article. We want to gauge bear strength also. So let’s....
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Welcome to the CCN weekly altcoin news update, where we profile newsworthy altcoin stories that have flown under the radar. This week's update includes an analysis of the Stellar price's early volatility, information about Darkcoin's latest update to DarkSend, its anonymous transaction protocol, and Viacoin's smart-contract ClearingHouse announcement and presale. Stellar Price Volatility. Stellar, the new Ripple-esque payment protocol from Mt. Gox and Ripple co-founder Jed McCaleb, has quickly gained adoption due to the project's aggressive distribution strategy, which includes giving away....
Mt. Gox crashed through $200 around 16h00 (JST) after hovering at $250 overnight. An announcement from the exchange has been expected to come out today and it seems the waiting has caused jitters in the market and prompted a devastating sell-off below support. Updates have moved to this post: Mt. Gox Crash - blow-by-blow. Update: 19h05 Tokyo time: An underwhelming announcement by Mt. Gox says nothing about witdrawals at all - instead the company announces that it has employed additional staff to help process customer account verification requests. Update: 18h21 Tokyo time - still no....
The Asian morning session has pulled the Bitcoin price below the weekly pivot level at $476. The question is what the European and US trading sessions will do with today's chart. If the market wants to take a stab at the $412 target, then today presents that opportunity. With each downtick, the conditions increasingly favor a price-rocket ignition spark. Update 17 Sept 13h15 UTC. Just to correct the BTC-e chart from the last update below. I had drawn the Fib Extension tool to show a target at $455 - which was a reaction level - but more correctly the wave target was at $452 as shown in....
Several months ago, Feathercoin developer Pete Bushnell announced the coin would transition to the newly-developed NeoScrypt hashing algorithm, which is resistant to ASIC miners. On October 26, Feathercoin will undergo a hard fork to make the official transition. The Feathercoin price has increased in anticipation of the update. CCN analyzes this altcoin price movement. Also Read: Should I Purchase an ASIC Scrypt Miner? The Feathercoin Price Has Risen Almost 50%. Feathercoin released client 0.8.7.0 on October 13. The update includes the NeoScrypt hard fork, which will take place on October....
Ethereum’s DAO hard fork update landed on GitHub yesterday, allowing users to vote on whether they support the Hard fork that will refund the DAO after the attack that drained around four percent of the total Ethereum (approx. 50 million US dollars worth at the time) in circulation from the smart contract. Ethereum Reaches A Crossroads with Hard Fork Update. This hard fork update, if successful, would wipe one of the biggest failures to happen in the cryptocurrency ecosystem away, giving the people with a stake in The DAO (and others who suffered from the subsequent price depreciation of....