BitTorrent Token Is Already Nearly 6 Times Its ICO Price

The price of BitTorrent Token (BTT) is closing in on six times the price of its initial coin offering (ICO), which occurred just one week ago. 59.8 billion BTT tokens were sold through Binance’s token sale platform on Jan. 28 at a price of $0.00012 per token, according to sale information provided by the exchange. Up nearly 40 percent today alone, BTT is now trading at a considerably higher price of $0.000798 – representing a 565 percent increase from its ICO price, Coinmarketcap data reveals. That sale sold out in…

BTC Transaction Volumes “Very Low”

Bitcoin prices in range mode Lightning Network in beta but drawing interest Market participation is “very” low The recovery of Bitcoin prices depends on adoption levels and favorable regulations. While we are bullish, buyers are free to ramp up once we see strong gains above $3,800. Before then, traders should take a wait and see approach. Bitcoin Price Analysis Fundamentals There has been much debate around Bitcoin. Often, the discussion revolves around the ability of Bitcoin to perform as billed. That is to act as a peer to peer electronic…

Ripple’s Plan for China, Hiring A Country Manager

XRP price technically bullish Ripple to hire a Country Manager, plans to open a physical office in Shanghai Transactional volumes are low, may rise if prices recover from 30 cents Ripple has grand plans. After funding the Fintech Research at Tsinghua University (THUIFR), the company plans to open a physical office in Shanghai. To that end, they are hiring a Country Manager. The trajectory taken is indicative and a hint of future involvement in China. This is in line with our XRP/USD trade trajectory. XRP Price Analysis Fundamentals With each…

BitTorrent Speed Set For Q2 2019, TRX Outperforms

Tron price vibrant, adds 4.7 percent in the last day BitTorrent Speed to reward and incentivize users Participation on the rise, bulls in control A combination of favorable candlestick formation and fundamentals mean TRX is a top performer in the last day. The coin is up 4.7 percent and looks likely to expand towards 4 cents in coming days validating our previous TRX/USD trade plans. Tron Price Analysis Fundamentals Behind Tron is BitTorrent. Billed as the world’s largest peer to peer network, it is more than software. BitTorrent is a…

Token Issuers Must Stop Paying for Market Making

Eric Gravengaard is the co-founder of several digital currency businesses including Athena Bitcoin and Red Leaf Advisors. ——— I have spent much of my career in financial services working for Chicago’s proprietary trading firms which act as market makers on the derivatives exchanges. These firms are responsible for providing prices to the derivatives exchanges (CBOT, CME, CBOE) for options contracts, futures, etc. and are an important part of an orderly marketplace. In this post, I will discuss both the function and role of a market maker, the rules that govern…

The Art of Cutting Losers and Letting Winners Run in Crypto Trading

One of the most important rules for trading financial markets is cutting losses quickly and letting winners run. Generally, you want to let your trades that are in the green run as long as the market is willing to provide.  Conversely, you should cut your losses and exit the position to preserve your capital when you immediately identify that a trade is going/staying south. In other words, the trade is not going to come through and you’d be better off cutting your losses and reducing your risk exposure.  The idea is…

Binance’s Crypto Winter Strategy: Build and Beef Up Partnerships

Malta-based cryptocurrency exchange Binance has an ambitious mandate for its 400 employees in 2019: leverage industry partnerships to diversify the brand beyond its primary trading platform. Trust Wallet, which Binance acquired last summer, recently joined the Foundation for Interwallet Operability (FIO), CoinDesk has learned. The coalition includes the exchange ShapeShift, and wallet startups BRD and MyCrypto, among many others. Guided by the foundation’s instigator, a Denver-based startup called Dapix, the coalition plans to build a protocol to standardize crypto wallet addresses across currencies and platforms. Boosters say this protocol could…

Bitcoin Decline in February Will Mark Its Longest Bear Market

Bitcoin has come closer to establishing its longest-running bear market, alarmed Alex Kruger. The famous cryptocurrency trading analyst said Monday that it was the first time bitcoin had entered a long period of selling sentiment in its 10-year history. In December 2017, the value of bitcoin per piece was close to $20,000. As of January 31, 2018, it was close to $3,450. That marks a circa 82% drop in 13-months. Bitcoin has never before traded more than six months in the same direction. A down February would represent seven straight…

Bitcoin Price Charts Offer Glimmer of Hope to Struggling Bulls

View Bitcoin has charted a falling wedge pattern on the daily chart. A break above $3,450 would confirm a wedge breakout and expose key resistance lined up at $3,658 (the high of the gravestone doji candle created on Jan. 26). A violation there would expose the psychological resistance of $4,000. The prospects of a falling wedge breakout would weaken if the cryptocurrency suffers a channel breakdown on the 4-hour chart. The slow drip bitcoin (BTC) price sell-off seen over the last six weeks has produced a bullish pattern on the…

Bitcoin Price Watch: BTC Primed For More Declines Below $3,350

Bitcoin price struggled to surpass the $3,500 resistance and declined sharply against the US Dollar. There was a break below a connecting bullish trend line with support at $3,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is under pressure and it could continue to move down towards $3,350 or $3,300. Bitcoin price moved back in a bearish zone below $3,440 against the US Dollar. BTC price might correct a few points, but upsides are likely to face sellers near $3,440 or $3,475. Bitcoin…