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.
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.
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.
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.
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.
When looking across all of the cryptocurrency markets available today, there is far too much red for comfort. Not entirely surprising, when considering how the Bitcoin value is subjected to a dip as well. The XRP price, while often relatively stable under most circumstances, is also losing a bit of value at this time. However, it seems to be able to contain those losses pretty well.
XRP Price Might Stay Above $0.32
It is always interesting to see how individual cryptocurrency markets deal with the overarching conditions.
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.
A lot of eyes are on the Bitcoin price chart right now. That is only normal, as this market dictates the pace for all other cryptocurrency markets as well. As Bitcoin is now subjected to some uncertain momentum, the mid-term price predictions are becoming all the more relevant. The following predictions show things can get pretty interesting, although not everyone will agree with these outlooks.
The Ongoing Bull Cycle Hype
For the past few weeks, it would appear a lot of cryptocurrency users claimed the bear market is finally over.
Virtually all of the cryptocurrency markets derive value from Bitcoin first and foremost. While some altcoin maximalists will gladly claim otherwise, it is evident that is not the case. As such, a positive Bitcoin price trend is of the utmost importance. So far, the world’s leading cryptocurrency appears to be on the right track, although the road ahead could be bumpy.
Bitcoin Price Momentum is Crucial
With a positive Bitcoin trend, the rest of the cryptocurrency markets will usually see some form of promising momentum.
Any news coming out of China tends to trigger some cryptocurrency market momentum. In recent years, most of the news has been negative, which won’t surprise too many people. In the most recent development, it would appear China’s state planner wants to put an official end to Bitcoin mining in the country. It is one of several dozen activities to be “blacklisted’ in the country.
China Goes After Bitcoin Again
Ever since Bitcoin trading in China took a big hit due to new regulatory measures, the country has continued its effort to thwart any cryptocurrency activity.
After last week, it has become more than apparent Bitcoin is capable of turning bullish when people least expect it. To start off this week, the world’s leading cryptocurrency is still going strong, as the Bitcoin price sits at $5,230. While there is some minor bearish pressure to contend with, it seems the $5,000 level will remain in place for at least another day.
Bitcoin Price Momentum Should Continue
It is always difficult to make any accurate predictions where Bitcoin is concerned Although this currency is the market trend setter first and foremost, it is also pretty fickle even under the best of circumstances.
Plenty of cryptocurrency enthusiasts and traders are looking at Bitcoin right now. After a minor wobble a few days ago, it seems the $5,000 level has been recaptured successfully. It is interesting to see a resilient Bitcoin price trend, as that is something people haven’t seen much of in the past 18 months.
Bitcoin Price Bulls are In Control
No cryptocurrency enthusiasts will be dismayed by how the markets are developing in the past few weeks.
The notoriously difficult Chartered Financial Analyst (CFA) Program exams are about to get that much tougher.
Dubbed “the most brutal exam in the world of finance” by Business Insider, the three-part test covering several different areas of finance – all with a heavy focus on ethics – is about to add topics on cryptocurrencies and blockchain as examinable material in August 2019.
Cryptocurrencies were not brought up for criticism at an annual Chinese consumer protection event, despite rumors to the effect.
Multiple sources had shared rumors with CoinDesk in early March that major policy changes would be announced on Mar. 15 night during a national TV program to curb cryptocurrency activities in China, such as trading and disguised initial coin offerings (ICOs).
The annual show is hosted by China Central Television, the country’s official broadcast mouthpiece, in celebration of the World Consumer Rights Day, during which questionable company conducts are exposed for the sake of public safety.
The cryptocurrency industry is subject to a lot of attention by criminals and hackers. This has caused many problems in the past, yet also affects present proceedings. The latest victim in this regard is Cryptopia, one of the more prominent altcoin exchanges. After a recent incident, the team confirmed someone accessed specific information and funds without authorization.
The Mysterious Cryptopia Incident
Over the past ten years, numerous Bitcoin exchanges and trading platforms have been infiltrated by criminals and hackers.
Another day dawns upon the cryptocurrency industry. While most markets are moving up slowly, the number of arbitrage opportunities continues to increase accordingly. A lot of good money can be made today by flipping the following altcoins between the associated exchanges. Depending on how all markets evolve, there will be further gains waiting on the horizon.
Ethereum (Gate / KuCoin / EXMO)
A fair few price differences can be noted where Ethereum is concerned.
Very few industries are subject to as much criticism and personal opinions as cryptocurrency. It seems the opinions on Bitcoin and other currencies or projects are all over the place. While that creates some exciting conversations, it also appears they lead to a lot of misinformation. When it comes to the recent market sell-off, for example, it was seemingly a matter of time until the positive momentum was turned into a negative spree.
Explaining the Recent Crypto Market Drop
A lot of people were surprised to learn all major cryptocurrency markets lost a ton of value earlier this week.
As the cryptocurrency industry remains subject to a lot of bearish price pressure, it would appear the demand to short these assets is increasing. For most users, this process needs to be automated as well. Some trading bots on the market allow for such functionality, although it is always risky to engage in such financial activities.
Shorting Cryptocurrency Makes Sense
To users who only want to make money with Bitcoin and altcoins, any opportunity to do so will be worth exploring.
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...