Throughout the weekend, the cryptocurrency market remained in limbo (as it usually does), but Bitcoin Cash and Litecoin are already getting significant traction this Monday with both registering nearly double-digit week on a bullish note. Meanwhile, Bitcoin is vying to break above the $5,200 level.
(CoinMarketCap: Cryptocurrencies are up across the board)
BCH and LTC boast the biggest gains
Bitcoin Cash and Litecoin are at it again. After witnessing unprecedented growth during the big crypto rally at the beginning of April, they are driving the cryptocurrency market this Monday. The most recent price spike allowed BCH to breach the $300 mark yet again.
It worth noting that the total market capitalization of Roger Ver’s darling has also surpassed $5 bln, occupying fourth spot on CoinMarketCap. Meanwhile, Litecoin, the fifth biggest coin that recently recorded its highest price since June 2018. LTC is currently trading at $83.71.
Overall, there is a bullish sentiment in the broader cryptocurrency market with the whole CMC top 10 (save for Tether) remaining in the green. At the time of writing this article, the BTC price is sitting at $5,191 with a 2.37 percent price increase over the last 24 hours. As predicted, its price is now gradually recovering after a minor correction, so $5,350 could be definitely a possibility in the short-term.
Bitcoin Cash market update: BCH/USD motionless at $280 amid sideways trading
- The price continued to decline below $300 and tested $260 congestion zone.
- Expect the price to stay below $300 in the coming sessions heading to the weekend session.
Bitcoin Cash continues to trade between a wide range between $260 and the upper limit at $340. There was a correction from the new 2019 highs around $351. The price continued to decline below $300 and tested $260 congestion zone. In the last week, the price stayed below the 100 simple moving average (SMA).
Meanwhile, while trading within the range at $281.26 technical analysis shows that the price will continue to trade above $260. However, traders should expect the price to stay below $300 in the coming sessions heading to the weekend session.
According to the RSI, the growing bullish momentum is likely to get stronger as the buyers get more confident in the trend. However, the MACD is still stuck in the negative zone to show that the bearish influence is still present.
BCH/USD 1-hour chart
Bitcoin Price Prediction BTC /USD the gateway to heavenly highs just a breakthrough away – Confluence Detector
- Bitcoin price in the second half of trading on Thursday is trading in the red, nursing losses of 0.10%, as the price consolidates.
- The bulls continue to try and gradually grind down the $5500-600 price range, the key to a $6000 return.
Bitcoin price on Thursday in the second half of the session is trading in minor negative territory, down just some 0.10%. BTC/USD is within consolidation mode, ahead of a further potential committed move north.
BTC/USD bulls are continuing to try and battle a breakdown of the chunky supply region, $5500-600. The noted area is a huge barrier in the way of the big psychological $6000 price mark. Bitcoin last traded here in November 2018.
Looking via the daily confluence detector, firstly the barriers of support; $5364.80, daily pivot point support, $5251.45 weekly 38.2% Fibonacci. To the upside in terms of resistance; $5478.16, daily 23.6% Fibonacci, weekly pivot point resistance, $5591.52, weekly pivot point resistance.
BTC/USD daily confluence detector
The Darknet Rises With 6 New Markets
As Dream dies and Wall Street exits, a string of new darknet markets (DNMs) has emerged to take their crown. The majority of these have only been operational for a matter of weeks, and have launched at a time when trust in DNMs is running low. The success or failure of these marketplaces will be pivotal in shaping the darknet’s crypto-powered economy in the months to come.
Also read: Crescent Cash BCH Wallet Features SLP Token Support for Smartphones
Six New Darknet Markets in a Month
Just as sunrise follows sunset, the death of a darknet market inevitably begets the birth of another. In the past month, Deepdotweb has added half a dozen markets to its DNM list, the majority of which are very new. Names like Cryptonia, Empire, Nightmare, and Yellow Brick Road may not be household names yet, and are unfamiliar to even the darknet’s greatest devotees. Any one of these markets has the chance to become the new Dream or Wall Street, but that will take time and trust.
Wall Street, the darknet’s leading DNM, following the voluntary shutdown of Dream, is confirmed to have pulled an exit scam, making off with millions in vendors’ funds. In less than a week, DNM users will find out whether the onion address that has been cited as the forthcoming home for Dream’s successor will resolve to a working marketplace, or simply a federal seizure notice. For customers who can’t wait that long to find out, there is mercifully no shortage of alternative DNMs to service their needs. News.Bitcoin.com decided to put a few of them to the test.
New Heads on the Darknet Hydra
As the legend goes, for every head the hydra loses, two new ones take its place, and so it seems to be on the darknet. The loss of Dream and Wall Street has spurred four new DNMs, bringing the total of recently launched markets to six. The first of these, Cryptonia, promises two-of-three bitcoin multisig, a wallet-less escrow system, two-factor authentication, strong anti-phishing measures based on public key cryptography, and EXIF metadata stripper for images.
In the interests of journalism, I made a small purchase from Cryptonia and the item arrived three days later, discretely packaged. I paid in BTC, although the site also accepts XMR. The shopping and checkout process was straightforward. Cryptonia sells all the usual darknet vices, but due to its newness, has only a few hundred listings at this time, though the number is growing by the day.
A Quick Tour of the Rest
Agartha is another new arrival. Unlike Cryptonia, it requires a deposit to be made to your marketplace account before you can make a purchase. There are less than 500 listings at present, and thus it’s too early to make an assessment of Agartha’s merits. It looks like it may have potential, however, and notably the site accepts more cryptocurrencies than most – BTC, BCH, LTC, XMR, VTC, and DASH.
Nightmare operates very similarly to Agartha, accepting wallet deposits for six cryptocurrencies including BCH and ZEC. With 24,000 listings for drugs alone, it’s got a significant headstart on the competition, despite having only launched last month. I placed a small order with a vendor who had a high feedback rating, paying with BCH, and the item arrived three days later and was just as described.
Despite repeated attempts, I couldn’t get past the captcha on Yellow Brick Market, and have my suspicions as to the site’s legitimacy, and its Dread forumlooks dead. Empire Market accepts deposits in BTC, XMR and LTC. The site has around 20,000 listings and looks like the real deal. I made a small BTC deposit, but have yet to order anything, as there’s a limit to how much journalistic research one can undertake in a week. Finally, we have Core Market, which takes BTC and XMR and looks to have positive feedback so far. Some of these markets will naturally get shut down or exit scam in due course, but as always, more will rise to take their place.
Have you tried visiting any of the new darknet markets? Let us know in the comments section below.
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