Tuesday, May 28, 2019

What Had Caused Bitcoin To Gain 230% In 2019? Year In Review

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Crypto Market Update

Market Cap: $273 B
BTC Dominance: 56.4%
 BTC: $8700
 ETH: $270
 XRP: $0.45

If so far we wondered about the direction of the market, now it is official: 2019 has awakened the market and changed its course upwards.

As time passes, the HODL and the DCA strategies continue to prove themselves as the best investment methods because of the great difficulty in trying to schedule the market or design short-term trading plan.

Bitcoin is the most dominant currency on the crypto markets, and it's again stealing the spotlight from the altcoins. However, there are still some opportunities to invest in trading against the dollar as well as in the IEOs that are still being launched successfully on exchanges.

After a relatively quiet period on behalf of the mainstream media, Bitcoin is coming back to the headlines as people are looking for reasons for the current bullish wave. Still, as we already know, it's difficult to predict or to explain the behavior of the market rationally for a long time.

2019 So Far In Crypto

2019 has been so far full of events and news which seemingly catalyzed Bitcoin's price surge. In February, Litecoin's price went up significantly alongside the launch of two new MimbleWimble-based privacy coins called Grin and Beam. They attracted interest in what used to be a sleepy market.

Additionally, we can see talks about the bottoming prices, as well as such for new highs around the upcoming Bitcoin halving which contributed to changing the bearish trend. And if that wasn't enough, Binance Launchpad - a platform for launching new projects backed by the leading crypto exchange, gave birth to the IEO phenomenon which set fire to the whispering embers and woke the put the bear market to rest.

What started as moderate lesions, continued to gain further momentum thanks to large corporations which expressed their renewed interest in the quickly growing cryptocurrency ecosystem. Among them, we saw big industry names such as Nike, Disney, Facebook, Samsung, Fidelity, and other companies who want a share of the pie of a market that's shaping up right in front of their eyes.

Moreover, the VanEck/SolidX Bitcoin ETF, which has been postponed on multiple occasions still elicits interest, as well as anticipation. It's also important to mention the Lightning Network which continues to gain momentum and appears to be a very reliable solution to the problem of payments in Bitcoin, without making any substantial changes to its core code.

The last few weeks can be concluded as vibrant, with quite a lot of news and updates. We saw the market respond accordingly as the trading volume soared and miners woke up in anticipation to pile up as much Bitcoin as they can for the next wave and the upcoming advance.

Full Market Report & Analysis

8 Must-Have Tips Trading Crypto 

We had updated our legendary 8 must-have tips trading Bitcoin & Altcoins
Read Article

What is IEO?

ICOs are dead! Meet the IEO craze. Stands for Initial Exchange Offering. Binance, Bittrex, Huobi and more had joined the revolution.
Read Article

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This week chart analysis of:
BTC ETH XRP & EOS



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Tuesday, May 21, 2019

Crypto Weekly Market Update: Binance IEOs Surge As BNB Reaches $30

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Crypto Market Update

Market Cap: $249 B
BTC Dominance: 56.4%
 BTC: $7920
 ETH: $253
 XRP: $0.39.6

After a few weeks packed with news, as well as the sharp increase in Bitcoin's price, this week was relatively quiet as the BTC rally appeared to calm down a bit. As usual, Bitcoin's price has a strong impact on the market of the Alternative coins, which have also marked gains against the US dollar as the volume increased so notably that people started talking about the end of the crypto winter.

The one question that lingers in the background is where do we go from here and whether the rally will continue to shape Bitcoin's parabolic graph or weather this is just a bullish trap. At this stage, it remains difficult to outline what the future holds. What can be said, however, is that the market wasn't moved by the sell-offs of the past week and despite the rapid decline, Bitcoin's price managed to hold and returned to the levels of around $8,000.

As it's well-known, Bitcoin's pattern of behavior is also dragging the altcoins that are recovering after a tough period. Their declines appear halted for the time being and the price of most altcoins has also increased. Moreover, we saw new all-time highs (ATH) being established against the dollar in certain cases: A good example of this will be Binance Coin (BNB), which continues to surge, crosses the $30 threshold.

The IEO phenomenon persists. Despite all of the assumptions that the hype around IEOs will fade and despite the warning which came from SEC executives, it seems that the hype continues. Furthermore, after Binance recovered from the $40 million Bitcoin hack, the price of some tokens issued on the exchange continues to rise significantly. FET and CELR increased by more than 20 percent while Matic saw a spike of 110 percent. If this trend continues, it's expected to see more investors joining in. It's also possible that some of the investors will realize their success and spread the risk between different altcoins. Thus, this could pour more fuel and potentially trigger yet another official Altcoin season.

Full Market Report & Analysis

8 Must-Have Tips Trading Crypto 

We had updated our legendary 8 must-have tips trading Bitcoin & Altcoins
Read Article

What is IEO?

ICOs are dead! Meet the IEO craze. Stands for Initial Exchange Offering. Binance, Bittrex, Huobi and more had joined the revolution.
Read Article

We Are On

TELEGRAM!

Join our announcement group so you won't miss any future news report
Join Us

This week chart analysis of:
BTC ETH XRP ENIGMA & BTT



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