Bitcoin (BTC) US dollar exchange rate ✓ Forecast, analysis & development ✓ Real time exchange rate & chart ✓ Latest news & more – Track Bitcoin BTC / USD exchange rate development now BTC/USD is currently trading at $7300 (-0.55%), price action is comfortably consolidating above the $7000 price mark, next barrier eyed at $7500. ETH/ Veteran Wall Street trader and cryptocurrency analyst Tone Vays says he’s increasingly bullish on Bitcoin. The cautious crypto analyst was bearish on BTC for more than two years, but now he says mainstream trepidation about the asset’s future is actually giving him confidence. Vays, a former Bear Stearns risk analyst, tells BlockTV that Bitcoin has … Markets: BTC/USD is changing hands at $7,380. The coin has stayed mostly unchanged both on a day-to-day basis and since the beginning of Thursday as t
The options market was flooded with liquidity for March 2020, revealing traders’ views that Bitcoin’s halving event would have little effect on price action. But after these options expired, open…
Ethereum depends on mining or “proof-of-work,” meaning that individual users competitively contribute computing power to validate blocks and transactions. They also earn ETH in the process. Though Bitcoin originally introduced…
The economic and legal nature of Bitcoin is one of the most hotly debated topics between professional economists and legal scholars in crypto. The question doesn’t elude the regular crypto…
The two biggest Bitcoin hard forks, Bitcoin Cash (BCH) and Bitcoin SV (BSV), are set to experience a significant reduction in their overall rate of token issuance. As speculation mounts…
Gold-backed cryptocurrency tokens have emerged as a new, commodity-pegged stablecoin in the crypto market. But as many gold bugs turn to these innovative alternatives, many are unsure where to start. …
Institutional investors have rushed to safe havens amid the Mar. 12 crash, but crypto derivatives volumes in retail-oriented platforms remain strong. In the latest, data reveals that OKEx has taken the…
If you’ve been around in the cryptocurrency space for a while, then chances are you’ll have come across your fair share of crypto scams. Projects likeBitconnect, OneCoin, and CentraTech have…
The crypto and open-source community have been working hard to stamp out the spread of Coronavirus. These healthcare efforts have been manifested in several initiatives from ethical tracking measures, 3D…
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Crypto Today: Bitcoin bulls must break down $7500 for greater buying pressure
BTC/USD is currently trading at $7300 (-0.55%), price action is comfortably consolidating above the $7000 price mark, next barrier eyed at $7500.
ETH/USD is currently trading at $170 (-0.45%), resistance remains strong at the $170 mark.
XRP/USD is currently trading at $0.19 (-0.20%), the bulls struggled to break and close above $0.2000.
Among the 100 most important cryptocurrencies, the best of the day are SEELE $0.0004017(+39.80%), BSV $216 (+16.35%) CKB $0.005914 (+7.15%) The day’s losers are CVT $0.036948 (-7.92%), NEXO $0.116372 (-4.55%), SNX $0.764895 (-4.70%).
Bitcoin enthusiast Tim Draper noted that the global spread of the coronavirus played a major role in the dramatic 2020 stock market crash. The bailout bill for saving the world’s economy is $7 trillion and rising fast. Draper believes this confluence of factors may be the tipping point that allows innovations such as Bitcoin and smart contracts to flourish.
U.S. electric car manufacturer Tesla is working with the Shanghai Port Group to test if blockchain can make the process of importing goods into China any easier. In an announcement, blockchain-based logistics provider CargoSmart revealed Tesla, the Shanghai International Port Group (SIPG) – the sole operator of the port – and Chinese cargo ship operator COSCO trialled a blockchain app that shortened the cargo release time and makes it easier for Tesla’s logistics teams to take ownership of goods once they are offloaded.
Multi-billion dollar companies are more likely to use blockchain for traceability and provenance than for payments and settlement, according to a new analysis of the Forbes Blockchain 50. Research from Dutch firm Blockdata, which incorporated its own data in the analysis, found that fifteen have solutions that tackle traceability and provenance, while 13 are using blockchain for payments and settlements. Companies with blockchain traceability solutions include IBM, Nestle, Foxconn, Honeywell, Walmart, Amazon, BMW and Mastercard.
The world economy could be experiencing a new shift from paper to digital during these days of lockdowns and Coronavirus expansion. According to the managing director of Ripple for Southeast Asia, the Middle East and North Africa, Navin Gupta. He added that the Coronavirus crisis has started many changes all over the world and specifically in the economic field. He further noted, Ripple’s payments data will be showing how lockdowns are placing people and companies in a situation where they have to use electronic payments rather than paper.
Since the covid-19 outbreak wreaked havoc across the world’s economies, the global multinational investment bank Deutsche Bank has been encouraging the use of digital currencies. The firm’s Twitter account and macro strategist Marion Laboure have been tweeting regularly about how coronavirus infection risks could “accelerate digital payment systems across the world.”
This is going to be a really interesting time where people say ‘well, why don’t I just use Bitcoin?’ I know there are only 21 million of them and we don’t have to worry about whether a government is diluting their currency by printing tons of it, we can instead just use a currency we all agree on and it’s all a part of the economy and it’s already frictionless and open and transparent and global.
Crypto Analyst Tone Vays Says Bitcoin (BTC) Traders Are Terrified – And It’s Great
Veteran Wall Street trader and cryptocurrency analyst Tone Vays says he’s increasingly bullish on Bitcoin.
The cautious crypto analyst was bearish on BTC for more than two years, but now he says mainstream trepidation about the asset’s future is actually giving him confidence.
Vays, a former Bear Stearns risk analyst, tells BlockTV that Bitcoin has lost its “safe haven status” in most people’s minds after it initially crashed more than 50% in the wake of the COVID-19 outbreak. The stock market, by comparison only dropped by about 30% in the same time frame.
But now, Vays says he believes Bitcoin’s halving is poised to create a long-term Bitcoin bull market. He expects a chorus of nervous naysayers to grow louder after the halving – a scenario he welcomes with open arms.
“I believe this is a great situation for Bitcoin, but what makes it great is that people are starting to get very scared of Bitcoin. Even those that were big bulls on Bitcoin last year while I was a bear, they’re starting to get very, very nervous, and they think that the global economy is going to go down, and this will have bad effects on Bitcoin.
The halving is coming and Bitcoin is sitting here at depressed prices… If Bitcoin is sitting at $6,000 after the halving, a lot of those people are going to think, ‘Bitcoin is dead. It can’t recover. If mining is not profitable, everything is going to collapse.’ And these are the environments that basically make Bitcoin so resilient.
I remember similar things back in early 2017 when Bitcoin was breaking that $1,000 barrier, and everyone was scared of the upcoming split. Everyone was scared how the regulators were shutting down Chinese exchanges. Bitmain decided to go with big blocks, the ETF got rejected – all this bad news was coming, and Bitcoin was just resilient and kept going higher. And that’s exactly what I’m expecting, and the more people around me that are bearish, the more bullish I start to get.”
Vays believes Bitcoin is correlated with the stock market and is likely to fall when the S&P 500 and other private assets plummet in value. However, in the long run, he thinks there’s a major difference between the two.
“I don’t see Bitcoin falling more at this point, while I do think the stock market has a potential lower low to go. I believe Bitcoin’s low is already in. Bitcoin could still fall a little bit, but not much, and this is the time to accumulate while everyone else is scared and running out of money to do so…
For the first time in two years after being a bear for 95% of the time since the second week of January of 2018, I can’t see myself being other than a 95% bull for the next three to four years. This is what I’ve pretty much been waiting for.”
Crypto Today: Bitcoin bulls get ready for a weekend run to $8,000
BTC/USD is changing hands at $7,380. The coin has stayed mostly unchanged both on a day-to-day basis and since the beginning of Thursday as the bullish momentum has faded away on approach to $7,400. Currently, BTC is moving within a short-term bearish trend amid low volatility.
At the time of writing, ETH/USD is changing hands at $170.90. The second-largest coin recovered from the Asian low of $168.42, though it is still 1.3% lower from the start of the day. ETH/USD is moving in a short-term bearish trend amid low volatility.
XRP/USD is hovering below critical $0.2000, down 1.2% since the beginning of the day. The coin is mostly range-bound with short-term bullish bias.
Among the 100 most important cryptocurrencies, Bitcoin Gold (BTG) $9.94 (+17.6%), Seele (SEELE) $0.0747 (+13.9%) and Aave (LEND) $0.0253 (+13.5%) are in the green zone. The day’s losers are Maker (MKR) $326.9 (-4.7%), Synthetix Network Token (SNX) $0.7399 (-4.3%), HedgeTrade (HEDGE) $1.84 (-3.25%).
Chart of the day:
ETH/USD, 30-min chart
Ripple’s co-founder and former chief technical officer Jed McCaleb received 63.7 million XRP tokens worth $12.3 million under the agreement between McCaleb and Ripple. According to the data provided by the Whale Alert Twitter service, the tokens were transferred by McCaleb’s former employer.
Also, the experts of the service noted that the coins transferred under this agreement are usually sold for fiat. If the theory is correct, XRP may experience a selling pressure in the nearest future.
Bitcoin Association Switzerland launched Bitcoin backed token tzBTC on Tezos blockchain. The company says that the new coin will allow to use Tezos blockchain features with Bitcoin.
Today, the Bitcoin Association Switzerland (BAS), together with the involved companies, announces yet another way to use Bitcoin: tzBTC, a token on the Tezos blockchain-backed 1-1 by Bitcoin. With Bitcoin being the de facto reserve-currency of cryptocurrencies, tzBTC is one of the first examples of tokenization on Tezos. It enables the use of the Tezos blockchain features with Bitcoin.
Notably, Tezos Foundation is one of the largest Bitcoin holders, which makes its blockchain a natural choice for Bitcoin-backed token.
Four cryptocurrency gurus made their way to Forbes List of Billionaires. Micree Zhan, the head of Chinese mining company Bitmain, is the richest crypto entrepreneur with $3.2 bln in his coffers. He is followed by former Ripple’s CEO Chris Larsen ($2.6 bln) and Jihan Wu from Bitmain ($1.8 billion).
80% of Swiss cryptocurrency startups went bust due to the coronavirus crisis, according to a survey conducted by the Swiss Blockchain Federation. The report says that the Swiss blockchain industry has been having rough times even before COVID-19 became an issue.
The industry does not qualify for the financial aid promised by Swiss government, which puts may companies on the brink of extinction. over half of them said that they had already laid off staff, while 90% admitted that lay-offs are inevitable in the nearest future.
Justice Gendall in the High Court of New Zealand declined creditor claims and confirmed that the digital assets on the balance of the liquidated cryptocurrency exchange Cryptopia belong to the customers of the exchange.
Today, 8 April 2020, Justice Gendall delivered his judgment finding firstly, cryptocurrencies are “property” within the definition outlined in s2 of the Companies Act 1993 and secondly, that account holders’ cryptocurrency was held on multiple trusts, separated by individual crypto-asset type. This means that the cryptocurrencies are beneficially owned by the account holders and are not assets of the company.