Investments, Expenditures and More from the Cryptoverse

Investments, Expenditures and More from the Cryptoverse

All of the latest major news, solely on investments in the crypto market over the second week of September are in our Investment Digest

ETH

272.72 USD
3.25%

XLM

0.1406 USD
0.61%

MDN

0.000000 USD
0.00%

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Ethereum Price Analysis: ETH Trading Above Key Supports

Ethereum price is struggling to surpass the $192 and $194 resistance levels against the US Dollar. ETH price is somehow holding the key $182 and $180 support levels. There is a major bullish trend line forming with support near the $184 level on the 4-hours chart (data feed from Coinbase). The price could start a sharp decline if it fails to stay above the $182 and $180 support levels. Ethereum price is showing a few bearish signs below $192 against the US Dollar. However, ETH price is still trading above the main $180 support area. Ethereum Price Analysis Recently, Ethereum price made another attempt to surpass the $192 and $194 resistance levels against the US Dollar. The bulls struggled to gain strength and ETH price formed a high near the $192 level. Later, there was a bearish wave below the $190 and $188 levels. Moreover, there was a break below $185 and the 55 simple moving average (4-hours). Similarly, there were strong bearish moves in bitcoin, but ETH remained supported above the $182 level. A low was formed near $183.78 and the price is currently correcting higher. An immediate resistance is near the $186 level. It coincides with the 23.6% Fib retracement level of the recent decline from the $192 high to $183 low. The first key resistance seems to be near the $188 level. It represents the 50% Fib retracement level of the recent decline from the $192 high to $183 low. Besides, the main resistance for Ethereum price is still near the $192 and $194 levels. Therefore, a successful close above $194 is needed for a strong upward move towards the $200 and $210 levels. On the downside, there are many supports near the $182 and $180 levels. More importantly, there is a major bullish trend line forming with support near the $184 level on the 4-hours chart. If ETH fails to stay above the trend line, the next key support is near $180. Any further losses may perhaps start a major decline towards the $175 and $170 levels. Ethereum Price Looking at the chart, Ethereum price is clearly trading above key supports near $182 despite the recent decline. If the price fails to stay above $182 and $180, there could be a sharp decline. Conversely, a clear break above $194 could start a strong increase in the coming days. The next resistances are near $200 and $208. Technical indicators 4 hours MACD – The MACD for ETH/USD is slowly moving in the bullish zone. 4 hours RSI (Relative Strength Index) – The RSI for ETH/USD is currently rising towards the 50 level. Key Support Levels – $184, followed by the $180 zone. Key Resistance Levels – $188 and $192. The post Ethereum Price Analysis: ETH Trading Above Key Supports appeared first on Live Bitcoin News.
Live Bitcoin News

Highly Anticipated “Bithumb Coin” Officially Announced by Bithumb Global

SINGAPORE –  Bithumb Global, the leading digital asset exchange in the world, announces the highly anticipated crypto asset, Bithumb Coin (BT), which is the native token for the recently announced Bithumb Chain. Bithumb Global announces the release of their native token titled “Bithumb Coin” which will hold the ticker name, $BT. The token allows transactions […] The post Highly Anticipated “Bithumb Coin” Officially Announced by Bithumb Global appeared first on CCN.com
CCN

Highly Anticipated 'Bithumb Coin' Officially Announced by Bithumb Global

SINGAPORE, Nov. 11, 2019 /PRNewswire/ -- Bithumb Global, the leading digital asset exchange in the world, announces the highly anticipated crypto asset, Bithumb Coin (BT), which is the native token for the recently announced Bithumb Chain. Bithumb Global announces the release of their native token titled "Bithumb Coin" which will hold the ticker name, $BT. The token allows transactions within Bithumb Chain which enables a plethora of different use-cases. Bithumb Chain is built by first-rate esteemed professionals within the IT, security, cryptography and financial verticals. What is Bithumb Coin Bithumb Chain is the decentralized open-source protocol that powers the products, services, and infrastructure within the Bithumb Family ecosystem which helps capture value from both upstream and downstream of the trading business. To further bolster the infrastructure of the Bithumb Chain ecosystem, Bithumb Family has a variety of new technologies adding to the value network of the blockchain, including a creative EaaS (Exchange-as-a-Service), which is a unique protocol PSP (Profit Sharing Protocol). The EaaS allows users to access the service through one-click, and adding to this structure to incentivise users is Bithumb Coin (BT). Bithumb Coin (BT) enables transactions within Bithumb Chain and provides the necessary mechanism for facilitating true incentives and value within the protocol. The first principle of the Bithumb Coin (BT) mechanism design is to facilitate the flow of value of the Bithumb Family ecosystem, thereby promoting sustainable development. Token distribution has been described as follows: 30% of the token distribution is based on ...Full story available on Benzinga.com
Benzinga

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