What Crypto Bear Market? Japanese Banking Giant SBI Will Soon Mine Bitcoin

SBI Holdings, a major financial and banking giant in Japan, has formally announced the launch of SBI Mining Chip Co., Ltd., officially entering the bitcoin mining industry. In recent months, the most dominant forces in the global bitcoin mining industry in the likes of Bitmain, Cannan, and Japanese internet conglomerate GMO have struggled to adjust to market conditions. As the bitcoin bear market extended to a 15-month correction, despite the gradual increase in hash power, the demand for bitcoin mining due to the general decline in profitability of mining noticeably…

Bear Market Will Stop Crypto Exchanges Faking Volume, Says Researcher

A report by the Blockchain Transparency Institute (BTI) claims that many exchanges are using bots to fake trading volume. Their research shows that wash trading affects over 80% of the top 25 bitcoin pairings. Furthermore, allegations of this being a deliberate business practice present significant concerns for the industry. Which is already struggling to gain mainstream acceptance. Wash Trading Wash trading is where a trader sells and then immediately buys a financial instrument. This practice manipulates legitimate makers and takers into believing a trading pair is more active than it…

Crypto Market Rebound Facing Hurdles: Bitcoin Cash, EOS, BNB, TRX Price Analysis

The total crypto market cap failed near the $136.0B resistance and declined sharply. EOS price broke the $3.70 support and tested the $3.62 support area. Binance Coin (BNB) is down more than 4% and settled below the $15.00 support level. Bitcoin cash price is correcting lower and it may test the $150 support zone. Tron (TRX) price is stable and still holding the key $0.0220 support level. The crypto market could turned red and facing a lot of hurdles, with bearish moves in bitcoin (BTC) and Ethereum (ETH). Binance coin…

Bitcoin Price Charts Echo Pattern Seen Before 2015 Bull Market

View Bitcoin’s drop from a record high of $20,000 clocked in December 2017 has ended up creating a falling channel similar to the one created in the 18 months leading up to the long-term bullish reversal seen in October 2015. If the same sequence of events unfolds, BTC could see a channel breakout later this year. An early move out of the falling channel cannot be ruled out, but may not yield stronger rally while the crucial 21-week moving average is trending south. The short-term bullish view put forward by…

Crypto Market Rally Inevitable: ONT Surges, Bitcoin Cash, XLM, EOS, TRX Analysis

The total crypto market cap is about to break the $136.0B resistance level for the next bullish wave. Bitcoin cash price is back above the $160 level and it may continue to rise towards $165. EOS price is slowly moving higher towards the key $3.80 resistance area. Stellar (XLM) price is currently consolidating above $0.1110 and it could move towards $0.1200. Tron (TRX) could recover and test the $0.0230 resistance level. The crypto market seems to be positioned for an upside break, with solid gains in ONT and XTZ. Bitcoin…

Crypto Market Remains Vulnerable: Litecoin (LTC), BCH, TRX, ADA Price Analysis

The total crypto market cap is struggling to climb higher and it could break the $133.0B support. Litecoin (LTC) price moved below the $60 support and it could extend the downside correction. Bitcoin cash price declined below the $160 support and it may retest the $155 or $150 support. Tron (TRX) price failed to stay above $0.0230 and it is moving down towards $0.0220. Cardano (ADA) price is up more than 3% and it is trading nicely above the $0.0500 support area. The crypto market cap is currently at a…

Bitcoin’s Share of Total Crypto Market Slips Back Toward 50%

Bitcoin’s dominance rate, or its share of the total cryptocurrency market, is on the verge of falling below 50 percent for the first time in over seven months. At press time, the world’s largest cryptocurrency accounts for 50.9 percent of the total capitalization of the entire market and fell as low as 50.54 on March 17, according to data from CoinMarketCap. Before 2017, bitcoin’s dominance rate was perpetually in excess of 70 percent, but it began to deflate as new cryptocurrencies were created and sold to investors in initial coin…

Bitcoin (BTC) Price Watch: Market Presents Last Chance To Buyers

Bitcoin price struggled to climb above the $3,990 and $4,000 resistance levels against the US Dollar. The price declined again and retested the key $3,940 support area and the 100 hourly SMA. There is a short term bearish trend line in place with resistance at $3,980 on the hourly chart of the BTC/USD pair (data feed from Kraken). Buyers might have the last chance for an upside break above the $4,000 resistance. Bitcoin price is holding an important support near $3,940 against the US Dollar. BTC is likely to make…

Crypto Market Testing Crucial Support: XLM, Bitcoin Cash, EOS, TRX Analysis

The total crypto market cap corrected lower recently and tested the $132.0B support area. Bitcoin cash price started a downside correction after testing the $165 resistance. EOS price is slowly moving lower towards the $3.70 support level. Stellar (XLM) price is up more than 4% and broke the $0.1120 and $0.1140 resistances. Tron (TRX) is currently flat near the $0.0230 support level. The crypto market is trading above key supports, with range moves in bitcoin (BTC) and Ethereum (ETH). Stellar (XLM) gained traction, while BCH, EOS, ripple and tron (TRX)…

Crypto Market In Clear Uptrend: EOS, Bitcoin Cash, TRX, ADA Price Analysis

The total crypto market cap rallied recently and broke the key $130.0B resistance area. EOS price broke the key $3.65 and $3.70 resistance levels and tested $3.80. Bitcoin cash price rallied more than 10% and broke the $150 and $160 barriers. Tron (TRX) price is slowly moving higher and it could break the $0.0240 resistance level. Cardano (ADA) price cleared the $0.0500 resistance to move into a positive zone. The crypto market broke key resistances to move into an uptrend. Bitcoin (BTC), Ethereum (ETH), EOS, bitcoin cash (BCH), ripple, tron…