Bitcoin spenders can now use the lightning network to shop at e-commerce sites like Amazon.
Crypto payment processing startup Moon announced today that any lightning-enabled wallet can now also be used through Moon’s browser extension. Before this lightning feature, roughly 250 beta users already used Moon to spend crypto on e-commerce sites by connecting the browser extension to exchange accounts like Coinbase.
It becomes increasingly unlikely this Sunday will end on a high note for the top cryptocurrency markets. The culprit is not hard to find, as Bitcoin’s dip drags everything down with it. This drop below $5,300 is not entirely surprising over the course of the weekend, albeit it remains to be seen when the Bitcoin price will recover this time around.
Bitcoin Price Downtrend Was to be Expected
Despite a solid week of semi-bullish momentum, it seems Bitcoin has finally hit some sort of minor roadblock along the way.
Bitcoin’s 14-week relative strength index (RSI) has moved above above the key resistance range of 53.00–55.00, validating the longer-term bullish reversal signaled by a falling channel breakout witnessed two weeks ago.
As a result, BTC may rise to the former support-turned-resistance of $6,000 over the next couple of months.
A pullback to the 200-day MA, currently located just below $4,500, may precede such a rise.
The cryptocurrency is teasing a falling channel breakout on the hourly chart, which, if confirmed, could see prices revisit recent highs above $5,460 in the next day or two.
As this Saturday trucks along rather nicely it would appear the overall cryptocurrency trend remains rather positive. As long as the Bitcoin price is in the green – like it is today – there is a good chance the uptrend will remain in place. Ever since BTC surpassed $5,300, things have continued to look up despite most traders’ expectations.
Bitcoin Price Continues to Move up
Most cryptocurrency traders and speculators are pretty happy to see the Bitcoin value move up despite the world’s leading cryptocurrency surpassing the $5,300 mark.
Cryptocurrency wallet solutions come in many different forms, shapes, sizes, and versions. All of these offerings tend to offer something slightly different from its competitors, to varying degrees of success. ZenGo is a very different creature, as it is a wallet solution which doesn’t require key pairs whatsoever. As is to be expected, this controversial approach tends to leave the community a bit divided.
The ZenGo Concept is Unusual
While one has to commend cryptocurrency wallet developers on trying a different approach compared to the current offerings, one has to wonder how many of these options will prove to be viable in the long run.
As the weekend almost dawns upon the cryptocurrency industry, there are several possible scenarios waiting to play out. In the bearish sense, Bitcoin might lose a bit of value and drag all alternative markets with it. So far, it seems there is no real pressure yet, as the $5,300 level remains ripe for the taking. This is positive Bitcoin price news, albeit weekends remain unpredictable.
Bitcoin Price Momentum Remains Intact
When the world’s leading cryptocurrency so much as dares to move an inch in either direction, there will be new price predictions being charted.
Bitcoin suffered a rising wedge breakdown, or bearish reversal, on the hourly chart earlier today. The bearish view, however, has been neutralized by the quick bounce from the key support near $5,170.
Acceptance below $5,170 would confirm a head-and-shoulders breakdown on the hourly chart and open the doors to $5,000.
A close below $4,912 on Sunday would validate the previous week’s doji candle and allow a deeper price pullback.
Bitcoin could challenge the recent high above $5,450 if sellers again fail to keep prices below $5,200.
As this Thursday almost comes to a close, there are still pretty high expectations for Bitcoin. More specifically, it seems as if the Bitcoin price is on the verge of testing $5,300 but it has not successfully done so. The current momentum indicates another potential uptrend is looming on the horizon, although its chance of success remains to be determined.
Where Art Thou Heading, Bitcoin Price?
It has been a pretty interesting week for Bitcoin enthusiasts and speculators.
In the cryptocurrency world, it would appear most of the discussions pertaining to ransomware have quieted down. Not because the industry is no longer lucrative, but simply because such attacks have seemingly become so common it isn’t necessarily newsworthy anymore. However, the average Bitcoin payment associated with ransomware attacks has risen significantly.
Ransomware Still Makes the Big Bucks
Over the past few years, there have been numerous news stories involving malware and ransomware.
The average fees required to send a bitcoin transaction are up again.
After hovering steadily around the $0.50 mark over the last six months, data shows average fees hit their highest level in nearly a year in early April, according to data from Bitinfocharts. Since then, averages fees have swelled to around $1 to $2, a move that coincided with bitcoin’s price “break out” earlier this month.
As the day trucks along, all eyes remain on Bitcoin and the other top markets. Since most of these markets derive value from Bitcoin in one way or another, it seems the uptrend may remain in place for some time to come. Speaking of the Bitcoin price, its most recent push to $5.300 is slowly coming to an end again, by the look of things.
Bitcoin Price Shows Signs of Weakness
When it comes to Bitcoin’s current trend, there are always different opinions and perceptions to take into account.
Bitcoin appears on track to end April on a positive note for the fourth consecutive year. The cryptocurrency is currently up 27 percent on a month-to-date basis.
Increasing that monthly gain look unlikely, as the bulls will likely have a hard time forcing a convincing break above multiple resistance levels lined up in $5,200–$5,300 range.
Prices may fall back below $5,100 in the next few hours, as the hourly chart relative strength index (RSI) has diverged in favor of the bears.
Academic researcher Dr. Ayo Akinyele is working on a cryptographic solution to boost privacy across second-layer blockchain solutions like the lightning network for bitcoin.
Akinyele just announced the formation of Bolt Labs, named after the BOLT protocol that aims to give lightning hubs shielded addresses for anonymous payment channels. The startup is launching with a $1.
Now that Bitcoin has seemingly found its groove again, there is a good chance the remainder of the day will yield positive momentum. Whether or not further gains will be realized, is difficult to predict as anything remains possible under these circumstances. Right now, the Bitcoin price sits above $5.200 again, yet a push to $5,300 remains rather unlikely.
Bitcoin Price Push Keeps Traders Happy
This morning, it almost seemed as if Bitcoin would drop below $5,000 again and usher in another wave of bearish pressure.
Cryptocurrency exchange Gemini announced Monday that it has added “full” support for segregated witness (SegWit), an important bitcoin code change that paves the way for scaling improvements.
While many bitcoin companies have adopted SegWit to some degree, Gemini is unique in it’s the largest bitcoin exchange thus far to roll out support for “native SegWit addresses,” a newer type of bitcoin address which helps to scale the cryptocurrency even further but has been adopted to a lesser degree.
At press time, the father of cryptocurrency is trading for roughly $5,128. This is roughly where it stood during our previous price piece.
The news is something of a two-sided coin. While it’s not great to see bitcoin remain perfectly still over a weeklong period, it’s nice to see that there have been no new price drops added to the books.
Chart by TradingShot
Bitcoin has proven very sensitive over the past year-and-a-half.
Bitcoin’s rally from April 2 lows below $4,200 has stalled near the three-day chart’s 100-candle moving average (MA), currently at $5,238.
A three-day close (UTC) above that MA level could invite buying pressure, leading to a sustained move higher toward $5,500 and more.
That bullish close, however, looks unlikely in the short-term, as the cryptocurrency has created a bearish candle on the daily chart, validating signs of bull exhaustion (doji candle) on the weekly chart.
Everything else in the cryptocurrency industry stands or falls depending on how Bitcoin’s price evolves. As has been the case today, the uneasy momentum triggered some losses for several alternative markets. Even so, the Bitcoin price itself is still holding up quite well. A push to $5,200 seems plausible, but it might not happen anytime soon.
Bitcoin Price Stays in the Green
Any cryptocurrency enthusiasts will be happy to see Bitcoin in the green on any given day.
Bitcoin’s out-of-the-blue bounce over the $5,000 mark this month has prompted some predictable pontificating from price-obsessed people within and outside the cryptocurrency community.
Investors who are long-cryptocurrencies have gleefully pronounced that the Crypto Winter, which began when bitcoin’s bubble burst at the end of 2017, is now mercifully over. The most optimistic are forecasting a rerun of bitcoin’s fall 2015 bounce from its prior post-bubble collapse, which sent it not only back above its 2013 high of $1,150 but all the way to a December 2017 peak of $19,500.
A new alternate reality game called Satoshi’s Treasure has hidden the keys to $1 million worth of bitcoin across the globe, forcing players to collaborate and improvise.
“A lot of people have joked we’re doing the bitcoin version of Ready Player One,” Primitive Ventures co-founder Eric Meltzer, the game’s co-creator, told CoinDesk. “The game is going to have a leaderboard to show which teams have the most keys.
Noelle Acheson is a veteran of company analysis and member of CoinDesk’s product team.
The following article originally appeared in Institutional Crypto by CoinDesk, a newsletter for the institutional market, with news and views on crypto infrastructure delivered every Tuesday. Sign up here.
Extremely overbought conditions and other factors seem to have stalled bitcoin’s promising price rally.
Acceptance below $4,912 would validate signs of indecision on the weekly chart (doji candle) and open the doors for a deeper drop to $4,527 (200-day moving average).
As the weekend is within traders’ grasp, the question becomes how all of the cryptocurrency markets will evolve exactly. In most cases, it is a futile effort to make any accurate predictions in this regard. Everything stands or falls based on the Bitcoin price, which is still subjected to rather uncertain momentum right now. This doesn’t bode all that well for the world’s leading cryptocurrency.
Bitcoin Price Doesn’t Appear Stable
While the altcoins are trying to recover some of their lost value as of right now, it is evident the effort will not be without its own hurdles.
Bitcoin dropped to a low of $4,900 on Coinbase after a continued sell-off was seen from its April 11 breakdown. BTC has since moved back above $5,000 and is tentatively holding that line.
Prices remain bullishly above the 200-daily moving average at $4,548, but would flip to short-term bearish with a strong close below $5,000.
The 6-hour candle has closed below a key resistance line at $5,050 and will need to be scaled before the end of today’s trading session.
The Lightning Torch, a Lightning Network payment that has been forwarded to bitcoiners around the world via Twitter, has run its course and reached its end in the charitable hands of Bitcoin Venezuela.
It’s grown a lot since we last covered it in February.
Кто знает подойдет ли этот кошелек для постоянного приема в сатоши? Я просто майнить не решился, но написал несколько ботов для того, чтобы они собирали с кранов монеты. Я так понял, что это веб-кошел...