How to live in a country, that banned crypto, using only crypto? (Weekend Digest, Sept 22—23)

How to live in a country, that banned crypto, using only crypto? (Weekend Digest, Sept 22—23)

It turned out that the recent Bitcoin bug was potentially the worst ever. Also, the SEC still thinks about Bitcoin ETF approval, smart contracts on IOTA, new developments by Brave — all in this weekend news!

BTC

8,744 USD
1.84%

BAT

0.3671 USD
3.23%

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Bitcoin Sets a New 2019 High: BTC Price Analysis & Overview Following The Breakout Of $9,000 – $10K Next Target?

Bitcoin doesn’t want to calm down. Just two days ago the coin was trading for $8100, and during the past hours, BTC was ready to set a new 2019 high, almost touching the resistance level at $9400. If you had to put up a survey during late December 2018, when Bitcoin was hovering around $3500, you would find almost no one saying that 2019 will be bullish for Bitcoin. However, crypto is always unexpected. The numbers show that Bitcoin completes a 200%+ move since 2019 begun as well as a weekly move of 24%. Where can it go from here? There’s bullishness surrounding the coin, probably due to the hype of the coming up Facebook coin, along with Binance closing its gates to US traders (which probably caused many to hedge their altcoins into Bitcoin). The last can be seen by looking at the following data. Yesterday the market cap was $273, with Bitcoin $154.4 of it (56.3% dominance). Today, $13 Billion was added to the market cap, but Bitcoin is responsible for most of the addition as it adds $10 Billion. The Altcoins, in response, are tumbling against Bitcoin and raising a lot less in their USD value. Last thing, weekends are so far so good for Bitcoin during the past months. We had recently explained why this happens in detail. Total Market Cap: $286 Billion Bitcoin Market Cap: $164.4 Billion BTC Dominance: 57.3% Looking at the 1-day & 4-hour charts – Support/Resistance: Following the breakout, Bitcoin is now aiming for higher levels, which are old resistance levels from the bearish 2018. The next significant resistnace level lies at $9400. Above is $9600 and the legendary level of $10,000, which seems closer than ever in the past year. From the bearish side, Bitcoin has set the $9000 – $9100 as its first support area, besides lies $8800, before lower support levels at $8500, $8400, $8200 – $8250 and $8100. – Trading Volume: The volume during the weekend isn’t very significant. It will be interesting to see how this move continues to the new week. – Daily chart’s RSI: The RSI had produced a fabulous bullish move, and now facing the 70 RSI resistance level. Stochastic RSI is getting into the oversold territory; however, there is space to go up here. – BitFinex open short positions: Along with the rising Bitcoin, the short positions continue to rise rapidly: There are now 24.8 K BTC of open short positions, which is the highest level of the past 30 days. BTC/USD BitStamp 4-Hour Chart BTC/USD BitStamp 1-Day Chart The post Bitcoin Sets a New 2019 High: BTC Price Analysis & Overview Following The Breakout Of $9,000 – $10K Next Target? appeared first on CryptoPotato.
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Bitcoin Breaches One Million Daily Active Addresses Once Again

According to data from Coin Metrics, Bitcoin has reached an essential breakthrough. As of June 14th, 2019, the original digital asset was pushing towards its highest levels of activity with over 1 million active addresses. The last time Bitcoin saw this level of unique addresses in motion was November 27, 2017. Kevin Rooke pointed out on Twitter that milestone was reached and mocked, “nOboDY uSeS BiTcOin” in a tweet. He followed up with some more information on the last time there were this many active addresses and compared to the current situation in the market. When Bitcoin first broke 1 million active addresses (Nov 27, 2017), 1 BTC was $9,352 and the median tx fee was $3.23. Yesterday 1 BTC was $8,230 and the median tx fee was $1.33. — Kevin Rooke (@kerooke) June 15, 2019 The price is expected to rise with the added activity. As both transactions and active addresses continue to climb, the value of Bitcoin may climb back towards all-time highs. Active addresses and total transaction volume is not the only thing that has been on the rise in the cryptocurrency world. Not too long ago, it was reported that bitcoin-related Tweets were also surging. The Cryptocurrency analytics site, TheTIE.io reported that in May, Tweets about Bitcoin were way up. Cofounder, Joshua Frank said the Bitcoin Twitter action was notable. “At 17 days of consecutive growth, BTC is seeing its longest streak of increased 30-day average tweet volume since 2017.” Every time Bitcoin pumps, the masses are looking for comparisons to late 2017, when BTC was soaring. The cryptocurrency community is feeling optimistic now that Bitcoin is testing the $9000 range again. But if the cryptocurrency markets take another hit and dip, the mood would turn 180 degrees. The post Bitcoin Breaches One Million Daily Active Addresses Once Again appeared first on ZyCrypto.
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