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BTC, ETH, XRP Price Prediction — Bears Are Back Again: Nothing to Worry About or a Deep Correction?



  • Bears have come back on the crypto market. How long are they gonna stay here? Our price prediction helps you to make a decision

May 23 has started with a general dump on the cryptocurrency market, as the prices of all coins are going down. As it usually happens, when the rate of BTC decreases, altcoins decline even deeper. Today’s example is not the exception from the rule. The biggest loser out of the top 10 coins is Cardano; its rate has dropped by almost 9%.

However, there is also positive news against the overall market correction. May has been the most successful month for Bitcoin futures. A record trade volume of 33,677 contracts ($1.3 bln in BTC) was recorded on May 13 at the Chicago Mercantile Exchange (CME).

Bitcoin futures statistics by CME Group

Bitcoin futures statistics by CME Group

What is more, yesterday the crypto community celebrated Bitcoin Pizza Day for the 9th time. In 2010, the programmer Laszlo Hanyecz paid 10,000 BTC for two pizzas. Now they would cost more than $80 mln.

In terms of the technical analysis, the situation on the market looks the following way.


Our BTC forecast made a few days ago is coming true, as the coin is moving to an expected $7,575.

However, there are no fundamental reasons for today’s market dump; traders just fix their profits.

BTC/USD chart by tradingview

BTC/USD chart by TradingView

On the hourly chart, it is noticed that the quotes are located in the descending channel from May 20. Currently, the leading crypto is trading between the support level at $7,500 and resistance at $8,000. We can expect a decline up to $7,500 in a few days, as the trading volume keeps stagnating. Hopefully, BTC should not go below $7,500, because the RSI indicator is near the oversold zone.


Even the positive news background could not keep Ethereum from falling; at the time of writing, its rate has reduced by more than 7% against the US dollar. The quotes are trading according to our scenario predicted a few days ago.

ETH/USD chart by tradingview

The leading altcoin on the hourly chart has almost touched its bottom at the $230 mark. One can expect a rollback from this point to the green zone ($250-$265) within a few days. The end of the correction is also supported by the RSI indicator, which is located on the verge of the oversold area.

The price of ETH is trading at $236.81 at the time of writing.


Against the top 3 coins, Ripple is falling the most: its rate has reduced by 7.5% overnight. However, the coin is not going to capitulate, due to the relatively high trading volume.

XRP/USD chart by tradingview

On the 1-hour chart, Ripple is looking similar to Ethereum and has almost reached the support at $0.36. This is confirmed by the RSI indicator and Fibonacci Retracement. In this regard, one can expect a bounce back to $0.3979 (78.6%) shortly.

The price of XRP is trading at $0.3671 at the time of writing.

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Fidelity Adds XRP to List of Supported Cryptos for Charitable Donations



Fidelity Charitable has added XRP to its list of assets, allowing donors to make contributions using the world’s third-largest cryptocurrency.

According to the announcement,

“The addition of Ripple expands the existing array of assets, including bitcoin, that donors can contribute into their donor-advised funds to fuel their philanthropy.”

Cryptocurrency donations give people a way to increase their charitable giving since gifts are exempt from paying capital gains taxes. Instead, the 501(c)(3) charity receives the full value of a donor’s contribution.

Crypto Donations to Fidelity Charitable

Source: Fidelity Charitable

In the example above there are three key assumptions.

  • Assumes all realized gains are subject to the maximum federal long-term capital gains tax rate of 20% and the Medicare surtax of 3.8%. This does not take into account state or local taxes, if any.
  • Amount of the proposed donation is the fair market value of the appreciated property held more than one year that donor considers, as determined by a qualified appraisal.
  • Assumes a contribution of 100 bitcoin. Alex’s tax basis is assumed to be $100/bitcoin. If Alex sold 100 bitcoin for $250,000, he would have $240,000 in capital gains and would pay $57,120 in tax.

The organization says there’s also another upside to making donations using cryptocurrencies such as Bitcoin and XRP to Fidelity Charitable, which has a donor-advised fund program: participants can recommend how the contribution is invested and potentially grow it tax-free.

The organization has helped donors support more than 278,000 nonprofit organizations with more than $35 billion in grants. It hit a milestone last year with $1 billion in contributions from complex assets such as private stock, limited partnership interest, real estate and cryptocurrency.

The addition of XRP rounds out the organization’s support for the world’s top five cryptocurrencies: Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH) and Litecoin (LTC).

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Ethereum co-founder Vitalik Buterin: Blockchain “is much bigger than just Bitcoin”



  • People need to know that blockchain has transformed from being “just about Bitcoin.”
  • Governments do have a regulatory role in the industry.

Vitalik Buterin is popular for the creation of Bitcoin’s competitor Ethereum. The “skinny visionary” was a speaker at the Blockchain Futurist Conference. However, he was also interviewed by the Star where he shared a lot about the blockchain and the journey in the cryptocurrency field.

According to Buterin, people need to know that blockchain has transformed from being “just about Bitcoin.” He says that blockchain is much bigger than Bitcoin and can take “a lot of different versions.”

He explained:

“For bitcoin, the idea is that you have decentralized cryptocurrency running on blockchain and protected from corporate and state control that’s not going to deflate on you and it’s not going to get confiscated. The blockchain is just a tool to make that specific thing possible.”

While comparing the above Bitcoin scenario to Ethereum, Buterin added:

“That’s the bitcoin side. For Ethereum what we care about is taking the blockchain technology behind bitcoin that makes decentralized cryptocurrency possible and making it more general purpose so that other things can be decentralized in the same way.”

Buterin also clarified that governments do have a regulatory role in the industry. However, there is a lot that needs to be done to understand initial coin offerings (ICOs) when it comes to securities categorization. “The regulators are definitely grappling. They are undecided in many ways,” Buterin said. The founder also shared his opinion on how to improve scalability which will help speed up adoption.

“The main problem with the current blockchain is this idea that every computer has to verify every transaction. If we can move to networks where every computer on average verifies only a small portion of transactions then it can be done better.”

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Bitcoin, Ether, and XRP Weekly Market Update August 19, 2019



The total crypto market cap lost $25.8 billion of its value during the last seven days and now stands at $271.5 billion. The top 10 currencies are all in red for the same time frame with Litecoin (LTC) and EOS (EOS) being the worst performers with 15.1 and 12.3 percent of loses respectively. By the time of writing bitcoin (BTC) is trading at $10,684 while ether (ETH) stands at $200, and Ripple’s XRP climbed up to $0.286.


Bitcoin climbed up to $11,535 on Sunday, August 11 and closed the previous seven-day period with 4.1 percent of price increase.

After failing to regain $12,000 during the weekend, the BTC/USD pair gave up some of its recent gains and fell back down to $11,392 on the start of the new week. It was trading as low as $11,123 on the Bitstamp daily chart or right at the breakpoint of the uptrend channel we created on our last reports.

On Tuesday, August 13, the most popular cryptocurrency decreased to $10,861 after losing 4.6 percent. The majority of the crypto analysts agreed that a breach below the mid-$10k levels would leave the door open for further loses and a drop below the mentioned psychological level in the short-term.

On August 14, bitcoin formed its third consecutive red candle and lost the stunning 8 percent closing at $10,023.

The trading session on Thursday, August 15, saw the coin breaking its losing streak to climb up to $10,296 after trading as low as $9,470 during intraday. As predict, bull traders found support at both $9,400 and $10,000 levels.

On the last day of the workweek, the BTC/USD pair was once again engaged in a high volatility session during which it was moving in the $10,560 -$9,740 zone before closing at $10,360.

The weekend of August 17-18 came with another test of the $10k line on Saturday as bears were still not eager to ease the pressure. Bitcoin closed with a loss to $10,202, still defending the 5 figure price.

On Sunday, August 18 the coin moved North to $10,324 loosing 10.4 percent for the week.

The biggest news this week is without a doubt Bakkt announcing its official launch date. The institutional digital assets trading and custody platform, which is a subsidiary of the Intercontinental Exchange (ICE) announced on August 16 it will start offering bitcoin futures and warehouse services on September 23.

The company received the required approvals from the U.S. Commodity Futures Trading Commission (CFTC) and the New York State Department of Financial Services to provide physically-delivered daily and monthly bitcoin futures contracts. The new product will be traded on the ICE Futures U.S. exchange.


Ver entrada

The Ethereum Project token ETH added 5.6 percent to its value on Sunday, August 11 and closed the previous seven days at $216 or 4 percent down for the period.

ETH, which was caught in the $230-$200 zone since July 14, started to move downwards since the last time it was rejected at $230 on August 8. It opened the new week on August 12 with a drop to $211, which was followed by another loosing session, this time to $208 on Tuesday, August 13.

The ETH/USD pair fell off a cliff on August 14 and lost 11 percent to close at $185. The ether moved South of the $200 support, eyeing the levels around $180.

On Thursday, August 15, the coin made a slight comeback and closed with a green candle to $188 but only after touching $173 during intraday. The last time ETH visited these levels was in May 2019. Buyers did not allow further decline and successfully regained their positions later in the day.

The ETH/USD pair lost $3 on Friday, August 16 and once more it was briefly trading below the critical support of $180.

We saw the coin remaining relatively flat on Saturday, August 17 and on the last day of the week It gained 4.8 percent to close at $194. The Ether was 9.8 percent down for the seven-day period.


The Ripple company token XRP regained its position above $0.30 on Sunday, August 11 and closed the day at $0.303 with a 5 percent of weekly loss.

The coin opened the new trading period with a move to the above-mentioned support on Monday, August 12. It fell as low as $0.291 on the next day, August 13 and even though it managed to erase some of the day trading losses, the XRP/USD pair closed with a loss to $0.297.

On August 14, the “ripple” experienced its worst day since June 27 and lost 11.7 percent, dropping to $0.262. The coin visited levels not seen since September 2018 as bulls were already turning to $0.26 as their next stronghold.

The XRP visited $0.225 during the trading session on August 15, still, it managed to recover and closed the day at $0.263.

The workweek ended with another red candle to $0.26.

During the weekend, the ripple token attempted a comeback by first climbing up to $0.265 on Saturday and then to $0.282 on Sunday. It was down 6 percent for the week.

Altcoin of the Week

Our Altcoin of the week is HyperCash (HC). The open-source platform, which is designed to intermediate between the blockchain and non-blockchain environments, gained 46.6 percent for the last seven days and moved to #47 place on CoinGecko’s top 100 list. The coin is currently trading at $3.23 with a total market capitalization of approximately $143 million.

The project consists of two separate blockchains – HyperCash (HC), which is the main chain and HyperExchange (HX) – a fork, built to facilitate communication between different blockchains and non-blockchains. It is V Label Project on the Binance Info page. The latest project update was published on August 16 providing detailed status of the current technical work on the ecosystem.

In the early hours of trading on August 19, the HC/BTC pair is trading at $0.0003064 on Binance.

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