Bitcoin Price Analysis: Sideways Consolidation Paves the Way for Macro Uptrend

Summary: Buying pressure continues as the bitcoin market holds above the macro, bearish trendline and the monthly resistance level. There was a small amount of selling pressure but it was absorbed by eager bulls. The selling pressure seems to be profit taking as we continue to establish a low time frame uptrend of higher lows and higher highs. On a macro scale, we are sitting in between support and resistance levels and it seems very likely we will continue upward until we encounter the $5,500 toto $5,800 zone. Trading and…

Bitcoin Holds Recent Gains Near $5,000 as Stocks Report Minor Uptrend

Friday, April 5 — most of the top 20 cryptocurrencies are reporting slight to notable gains on the day by press time, as Bitcoin (BTC) hovers near the $5,000 mark. Market visualization courtesy of Coin360 Bitcoin’s price has seen almost no change on the day, trading at around $5,000 by press time, according to CoinMarketCap. Looking at its weekly chart, the current price is a solid 22% higher than $4,096, the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap Data from the Google Trends platform…

Coinbase CEO Names Three Things Crypto Needs for Mass Adoption

Brian Armstrong, CEO of major United States cryptocurrency exchange Coinbase, believes that crypto mass adoption mostly depends on volatility, scalability and usability. Armstrong made his claim during a live ask-me-anything (AMA) session on April 2. Armstrong ran the 45-minute AMA on Tuesday, answering selected questions submitted by the crypto community. Addressing the first question, on the potential for mass crypto adoption, Coinbase’s CEO said that a cryptocurrency can achieve mass adoption by improving scalability and usability, while reducing volatility. As per volatility, if the crypto markets keep swinging dramatically, it…

Bitrefill Adds Thor Turbo to Speed Lightning Connections

The crypto payment platform Bitrefill has announced an upgrade to its Thor service. The upgrade is dubbed “Thor Turbo,” and its expected to speed up the process of connecting to Bitrefill’s Lightning node, according to a press release sent to Bitcoin Magazine. Bitrefill launched the Thor service in January 2019 as an on-demand Lightning channel service that allows users to receive payments whether they have bitcoin loaded into their Lightning wallets or not. Speaking with Bitcoin Magazine via email, Bitrefill COO John Carvalho said that, since Thor launched, the startup…

Canadian Drug Dealer Ordered to Forfeit $1.4 Million in Bitcoin

As part of an ongoing criminal case, a judge in Canada has ordered that a local online drug dealer must forfeit about 281.41 bitcoin (worth about $1.4 million) after it was found that he used the cryptocurrency to fund his illegal activities. It’s been reported as Canada’s largest-ever bitcoin forfeiture. In 2015, local authorities seized the dealer’s laptop and the BTC tokens (worth about $65,885 at the time) were found, according to a report by the Toronto Star. The dealer, Matthew Phan, pleaded guilty to the charges of possessing illegal…

Bitcoin Whales Have Started Splashing

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. On Squawk Box, Fundstrat Global Advisors head of research Thomas Lee said that despite the 16-month correction, bitcoin is en route to a steady accumulation phase throughout 2019. In the…

Is Litecoin (LTC) and Other Assets Rallying Because of Central Banks’ Irresponsibility?

Litecoin prices up with huge trade volumes Irresponsible central banks like the FED will fuel crypto resurgence Travis Kling, the Chief Investment Officer at Ikigai Asset Management, believes that the crypto space will flourish as the public loses faith in the FED thanks to their “irresponsibility.” Thus far, Litecoin (LTC) is up 45.9 percent with ultra-high participation of 2.7 million last recorded in Mar 2018. Litecoin Price Analysis Fundamentals The relief valve is off, and the crypto community can now afford a smile. After a long crypto winter full of…

Bolt-A-Thon, a Virtual Lightning Network Event, Invites Borderless Progress

Bolt-A-Thon, a unique kind of Lightning Network hackathon and conference kicks off today, April 5, 2019, to help gather contributors from all over the world and propel Bitcoin’s vital Layer 2 solution. But rather than host the event in person, the organizers adopted a core tenet of the Lightning Network itself into the very fabric of Bolt-A-Thon. “The Lightning Network was built around the idea of financial inclusivity,” explained Andrew Yang, the COO at BlockFuse and an event organizer. “Anyone in the world can pay and it can be done…

Ripple (XRP) Racing After World Bank Recognition, XRP ETP Launch

Ripple prices solid above 34 cents NGM launch XRP Tracker One allowing investment in a regulated manner attracting institutions and other HNWI Boerse Stuttgart’s NGM did launch two ETPs tracking the performance of Ripple (XRP) and Litecoin. The XRP Tracker One allows investment without exposure and risks of owning the underlying asset and is regulated meaning broadcasting exchanges are under the microscope. A day after launch, XRP is up 6.8 percent, outperforming Bitcoin (BTC) and Ethereum (ETH). Ripple Price Analysis Fundamentals After three, or even five months of consolidation, Ripple…

Canadian Court Rules Drug Dealer Must Hand Over $1.4 Million in Bitcoin

A court in Toronto, Canada, has ruled that a 30-year old drug dealer must forfeit CA$1.88 million (US$1.41 million) in bitcoin used in illegal activities on the dark web. On Wednesday, Superior Court Justice Jane Kelly ordered Matthew Phan to hand over 281.41 bitcoins to the Ministry of the Attorney General, according to a report from The Toronto Star. The funds will go to the province of Toronto. Phan reportedly pleaded guilty last December to attempting to import a gun and possessing cocaine and other drugs for trafficking that prosecutors said were brought…