Cryptocurrency Analytics from FXOpen - page 21.

voskobojn

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Crypto prices dropped across the board as news emerged that the U.S. government subpoenaed Bitfinex and Tether. One coin is selling for $9,882 right now, down from $11,186 last week. Litecoin followed big brother lower again and is quoted at $161 dollars right now.
Bitcoin Drops on Tether Subpoena

Bitcoin prices dropped over 10 percent today after Bloomberg leaked a rumor that the U.S. government subpoenaed both Bitfinex and Tether. The outstanding supply of tethers snowballed since December of last year, from below 1 billion to over 2.3 billion. In other news yesterday Tether announced that they were terminating the audit that was expected last year:

‘Given the excruciatingly detailed procedures Friedman was undertaking for the relatively simple balance sheet of Tether, it became clear that an audit would be unattainable in a reasonable timeframe,” Tether said.’

According to some speculators, the two companies are printing tethers without USD backing to support crypto prices. More on this controversy HERE.

voskobojn

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Mixed results for the two cryptos we’ll cover today. While Ether gained ground on BTC compared to last week, Dash lost some. But both the gains for ETH and the loss for DSH haven’t been drastic.

ETH/BTC Slowly Trending Higher

The price of ETH/BTC has been slowly trending higher the past few days. Our last update recorded a print of 0.08814 BTC and we’re currently quoted at 0.09294 BTC, a gain of 5.6 percent.

Read more: https://blog.fxopen.com/ether-up-dash-down-vs-bitcoin/

voskobojn

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Bitcoin is trading little changed compared to our last update. We’re quoted at $11,186 right now, compared to $11,550 back then. Litecoin is trading at $177 dollars, down from $197 last week.
Bitcoin Stable in a Downtrend

Bitcoin prices have been volatile during the past seven days but ultimately ended up close to where they started. We are only down by $364 dollars since last Tuesday or around 3.1 percent. This is a very small percentage change for a crypto-currency.

voskobojn

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Both Ether and Dash are trading mostly stable during this crypto market rout, at least versus BTC. Against the U.S. Dollar both altcoins are substantially off their highs.

ETH/BTC Ratio Mostly Stable Amid Rout

The ETH/BTC trading pair has stayed mostly stable as the larger crypto market experienced losses across the board. As you can see on the chart below, we’ve stayed inside that large rectangle for the past ten days.

voskobojn

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Both bitcoin and litecoin have switched into downtrends today after breaking key support levels. News from South Korea and China keeps weighing on market sentiment.
Bitcoin Switches to Downtrend

After a long time bitcoin is finally in a downtrend on the daily charts. The last time this happened was during September of 2017 and the move lower lasted two weeks with prices eventually bottoming out near the $3,000 mark.

voskobojn

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Bitcoin had a sharp drop today, falling from $14,800 to as low as $12,800 before recovering somewhat. We are currently quoted around the $13,900 handle. News that South Korea may ban crypto-currency trading in the country send almost all coins in the red today. Some recovered better then others.

Ether Uptrend Remains

Despite some losses overnight, the rally in ETH/BTC continues. We are currently quoted at 0.08456 BTC, down from 0.0965 BTC yesterday. Strong Ether gains are underpinning this rally, with the ETH/USD counterpart trading at $1201 at the moment.

Read more: https://blog.fxopen.com/crypto-market-sees-declines/

voskobojn

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Not much change for bitcoin and litecoin during the past week. Bitcoin is up by 2.6 percent since last Tuesday while LTC is down by 4.7 percent. Given previous crypto volatility, these are relatively small price movements.
Bitcoin Slightly Up

Bitcoin prices had a wild ride last week but ultimately ended up not far from where they started. Buying one BTC will cost you $14,287 dollars right now, compared to $13,929 last week.

okan

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Quote from: voskobojn on January 02, 2018, 12:45:16 PM

The range in BTC/USD continued during the past week. This wasn’t much of a surprise considering that the period included the Christmas and New Year Holidays. Litecoin is trading little changed, currently quoted at $257 from $263 dollars last week.

Bitcoin Range Continues

After ending the rally on December 22nd bitcoin remained in a range. The top of this range is at $19,850 all-time high while the low is at the latest major swing low of $10,680. A break beyond either of these price extremes could usher in the new trend. For now we remain in ‘wait and see’ mode.

btc will rise after january 15 i thin. it will run a bull week.
it can be 20000 dollar until february

voskobojn

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The range in BTC/USD continued during the past week. This wasn’t much of a surprise considering that the period included the Christmas and New Year Holidays. Litecoin is trading little changed, currently quoted at $257 from $263 dollars last week.

Bitcoin Range Continues

After ending the rally on December 22nd bitcoin remained in a range. The top of this range is at $19,850 all-time high while the low is at the latest major swing low of $10,680. A break beyond either of these price extremes could usher in the new trend. For now we remain in ‘wait and see’ mode.

voskobojn

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Bitcoin had a substantial correction last week leading to the end of the latest month-long bull run. Litecoin followed big brother lower but has not ended the uptrend yet.
Bitcoin Rally Ends

The uptrend started in November is finally over for BTC after prices broke below the important $12,711 swing low last Friday. Subsequently we saw a low of $10,680 on FXOpen. From here we retraced most of the losses with prices topping out at $16,470 yesterday. We are currently quoted at $15,427 dollars per coin.

voskobojn

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Ether, Dash Back in Rally Mode

Both Ether and Dash and now back in rally mode versus bitcoin. The two altcoins had nice gains since our last update.

Ether Back in Rally Mode

Ether prices are back in an uptrend vs bitcoin. Since last Thursday we’ve gone up from 0.03968 to 0.04702 BTC, a gain of 18 percent.

Read more: https://blog.fxopen.com/ether-dash-back-in-rally-mode/

voskobojn

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Another week of gains for Bitcoin and Litecoin. Big brother almost hit the $20,000 mark last week while LTC topped out at $370 dollars per coin.
Bitcoin Nears $20,000 Dollars

Bitcoin prices almost hit the $20,000 figure in the speculative frenzy over the listing of CME futures. A high of $19,850 dollars was hit on Sunday shortly after the new futures launched. The CME futures for January delivery topped out at $20,650.

Read more: https://blog.fxopen.com/bitcoin-nears-20000-dollars/

voskobojn

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The Ether downtrend versus BTC ended yesterday as prices climbed back above the 0.037 level. Dash also clawed back a lot of the earlier losses but remains in a downtrend vs bitcoin.
Ether Downtrend Ends

The short-lived downtrend in ETH is over after prices decisively broke the previous support turned resistance at 0.03712 BTC. Yesterday we hit a high of 0.044 BTC before the pair retraced somewhat. We are currently trading at 0.03968 BTC.

Read more: https://blog.fxopen.com/ether-downtrend-ends/

voskobojn

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Another good week for crypto-currencies. Bitcoin is continuing its climb higher, now in its fifth week with sizeable gains. Litecoin prices have gone parabolic, up from $99 last Tuesday to $301 dollars today.
Bitcoin Continues Bullish Trend

The bullish trend that started last month is still in play for bitcoin. Yesterday we hit a high of $17,547 dollars per coin, up from $11,712 last week. This is a gain of $5,835 dollars or just under 50 percent. We are currently quoted at $16,473 dollars. If prices close above $14,350 this Sunday, it would be the fifth green week in a row with large gains.

Read more: https://blog.fxopen.com/litecoin-prices-go-parabolic/

voskobojn

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Altcoins are getting sold aggressively for BTC. Since last Thursday BTC/USD gained over 60 percent while ETH/BTC dropped by close to 45 percent. Now both ETH and Dash are in a bear market versus BTC.
ETH/BTC Drops by 45 Percent

Ether has lost almost 45 percent of its value versus bitcoin. There’s a speculative rush into BTC, likely preempting the launch of bitcoin futures. The CBOE announced that they will launch bitcoin futures this Sunday at 6 PM EST. Their competitor the CME will do so 8 days later.

Read more: https://blog.fxopen.com/altcoins-sold-for-btc/

voskobojn

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The Great Britain Pound (GBP) inched lower against the US Dollar (USD) on Wednesday, decreasing the price of GBPUSD to less than 1.3450 following some key economic events. The technical bias remains bullish because of a higher low in the recent downside move.
GBP/USD Technical Analysis

As of this writing, the pair is being traded near 1.3422. A hurdle may be noted around 1.3655 (a major horizontal resistance zone) ahead of 1.3900(a psychological level) and then 1.3943 (another major resistance area).

voskobojn

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Both of the cryptos we follow on Tuesdays have hit new all-time highs. Bitcoin peaked at $11,950 dollars today while LTC/USD topped out at $105.30 two days ago.
Bitcoin Clears $10,000 Dollars

After fighting with the $10,000 level for a few days BTC finally managed to clear it and head higher. Today we hit a high of $11,950 before a daily retracement took us back down to $11,461 dollars per coin. We are currently quoted close to the daily highs at $11,712 dollars.

voskobojn

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Both of the cryptos we follow on Thursdays are up compared to seven days ago. But only Dash in still in rally mode.
Failed Breakout for ETH/BTC

Ether had a brief break above the upper end of the range at 0.05545 BTC. A high of 0.05906 BTC was seen on November 25th but prices topped out here. We are currently trading much lower at 0.0435 BTC per coin.

voskobojn

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Both bitcoin and litecoin continued their rallies this week. Bitcoin got close to hitting the psychological $10,000 mark today and LTC/USD broke to new all-time highs.
Bitcoin Nears $10,000 Mark

Bitcoin prices hit a high of $9,960 dollars today, narrowly missing the psychological $10,000 level. We are currently quoted just slightly off the highs at $9,921 dollars per coin.

voskobojn

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Altcoins are finally getting a break from the non-stop selling. Today 6 out of the top 10 alts are showing strong gains versus the US Dollar. The gains are bit higher versus bitcoin because BTC/USD is down around 2 percent today. Alternative crypto-currencies, ‘altcoins’ or ‘alts’ is the term used for all crypto-coins except bitcoin.
Ether Still in Range

Despite being up 5.25% today and 17 % since our last update, ether is still in a trading range (vs BTC) on the daily charts. Against the U.S. Dollar, ether peaked above the $400 round figure earlier today and is nearing its all-time high at $415 dollars.

As you can see on the chart below, ETH/BTC hasn’t broken the two important swing points at 0.03712 on the downside and 0.05545 BTC on the upside.

Read more: https://blog.fxopen.com/large-gains-in-altcoins/

Topic: Cryptocurrency Analytics from FXOpen - page 21. (Read 42505 times)