Cryptocurrency Dogecoin was at $0.057410 at 10 a.m. ET Friday, according to Coingecko, up around 150% on the day. This followed a Reddit board discussion about making it the cryptocurrency equivalent of GameStop. The price eased from $0.070755 late Thursday when it had experienced a jump of 800% in just 24 hours Dogecoin started out as a 'joke' cryptocurrency based on a popular internet meme...

Bitcoin  briefly fell below $30,000 Monday, just two days after topping  that level for the first time.

The cryptocurrency rallied to edge past the $34,000 mark during the weekend.But it was still down more than -5%.

Bitcoin had a historic, more than +300% rally in 2020.

But the volatility in the crypto market has been quite apparent from time to time, with the latest intra-day roller-coaster in bitcoin probably a result of short-term profit taking by investors, among other potential factors.

 

Since an approximate 41% drop on March 14, (around the time the lockdown was beginning), BTC.X saw a steady rise throughout 2020, with a 43% surge from December 12 through yesterday, December 28.Tickeron’s outlook, as of today, is fairly positive, with four technical indicators, one fundamental analysis rating, and our A.I.

Coinbase announced that it will halt trading of the XRP cryptocurrency, after the Securities and Exchange Commission last week deemed it a security (versus a digital currency).

The largest U.S. cryptocurrency exchange said it will suspend trading of XRP in its market by mid-January.That means, customers would still be able to avail deposit and withdraw functionality.

 

 

This week, the Securities and Exchange Commission tweeted out its guidelines for those launching and investing in ICOs, although many would say that over a year on from the peak of the cryptocurrency boom, the guidelines amount to too little, too late. READ MORE...  

The cryptocurrency has gained  +220% this year.

The digital coin surged more than +9% on Thursday, reaching $23,256.92.Scott Minerd, the chief investment officer at Guggenheim Investments, said on Bloomberg TV on Wednesday that Bitcoin’s scarcity coupled with “rampant money printing” by the Federal Reserve mean the digital currency should eventually rise to about $400,000.

Dan Gunsberg, CEO of Hxro, a crypto trading platform commented that if  Bitcoin sustains its momentum, then “testing $36,000 will be the next real objective” .

Bitcoin traders around the world all agree that a record price was reached recently, but there's no consensus on what that price level actually was. According to Refinitiv, the all-time high for bitcoin is $19,510.While a few exchanges are reliable and even regulated, others operate a bit more in the shadows with unverifiable trading volumes and data feeds that are not transparent.  Solutions to this issue may be in the offing.

On Tuesday, cryptocurrency Bitcoin topped $17,000 for the first time in almost three years. After December 2019, the digital coin  a uneven uptrend, but has more then tripled since March 11. While digital currencies themselves could be relatively volatile, the underlying blockchain technology shows strong promise, and could lead to more crypto currencies in future.

After enjoying gains of almost 40% over three recent trading days, for example, the 24-hour period from June 27-28, 2019 saw the asset decline from $13,800 to $10,500.A.I.-powered Crypto Day Trading Patterns give you the information you need to predict and respond to market shifts as they happen. This trend has played out time and again – 2017’s boom meant a growth of 1,400%, followed by a correction of 74% over 2018.

The mainstream hype surrounding cryptocurrency has cooled, but reports of its demise appear to have been greatly exaggerated.“I think you’re seeing signs that fundamentals are improving, technicals are improving, and now there’s real activity by, essentially, crypto holders,” Lee told CNBC.

powered market predictions every day * Learn the secrets pro traders use to find great trades * Research historical statistics * Become a better trader with our optimized A.I. And more!Coinbase CEO Weighs In Cryptocurrency has endured its fair share of ups and downs in recent years.

The US Securities and Exchange Commission (SEC) announced a set of guidelines in early April aimed at “[providing] a framework for analyzing whether a digital asset has the characteristics of one particular type of security – an ‘investment contract.’” The move is the latest effort from the SEC to clarify and enforce the digital asset and initial coin offering landscape long characterized by legal gray areas and a wild west mentality – occasionally to the detriment of investors, who have fallen victim to fraud and other malfeasance. Prior legal rulings have found an investment contract to exist “when there is the investment of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others.” Determining whether a digital asset falls into this category requires “[analyzing] the relevant transactions to determine if the federal securities laws apply” using a standard system for analysis called the Howey Test.This well-known methodology uses

The 2017 boom vaulted digital currencies to prominence and garnered rare mainstream media coverage, while 2018’s bust cycle saw the allure of possibilities mostly wear off, replaced by doomsday predictions and death pronouncements. While crypto remains volatile, it is perhaps more firmly entrenched, and on a wider scale, than at any point in its history.On April 2, Brian Armstrong, the CEO of crypto exchange Coinbase, laid forth in a live AMA his blueprint to achieve that important milestone: reducing volatility while enhancing scalability and usability. Traditional investors find the inherent volatility of cryptocurrencies extremely off-putting.

CNBC commentator and CEO of digital currency investment firm BKCM LLC, Brian Kelly, believes that, “Bitcoin is about 50 percent undervalued.” However, just because it is undervalued is not a good enough reason for it to move up.Kelly opines that due to extreme negative sentiment, he will not be surprised even if Bitcoin drops to $1,500. READ MORE...

But focusing on bitcoin’s price volatility – value has decreased by 80-plus percent since that peak – misses the point, says seasoned crypto software engineer Jameson Lopp.In fact, Lopp argues that bitcoin has never been stronger than it was in 2018 – if you look at metrics independent from economics. Lopp, who is CTO at crypto security firm Casa, described bitcoin in a Medium post as being “at the forefront of an increasingly complex ecosystem that continues to grow in a variety of ways.

Blockchain and cryptocurrency have established themselves as an industry of goldmine, and you know where the cash flow, fraud, and scams defianlty going to happen. Crypto space has attracted its share of shrewd opportunists whose scams such as the infamous pump-and-dump schemes have grabbed international headlines. READ MORE...

Bitcoin’s (BTC) price saw its biggest drop for seven weeks on Thursday, weakening the prospects of a bullish breakout above $4,100. The world’s largest cryptocurrency by market value hit a 3.5-week low of $3,503 yesterday, before closing (as per UTC) at $3,627 – down 9.4 percent on the day.That was the biggest single-day drop since Nov. 24 and the fourth biggest daily loss of the last two months, according to CoinDesk’s Bitcoin Price Index (BPI). READ MORE...

Cleveland.com reported that US Rep. Warren Davidson (R) of Ohio announced legislation at the recent Blockchain Solutions Conference in Cleveland – an event that is part of the city’s Blockland rebranding initiative – that “would prevent [crypto] from being classified as securities but would also allow the federal government to regulate initial coin offerings more effectively.” Cryptocurrency regulation became a hot-button issue in the wake of 2017’s crypto boom, as the government was forced to confront the potential issues raised by digital currency’s burgeoning popularity.Clarity has been hard to come by – regulations around the world have been piecemeal, though some governing bodies have taken clear stances (without being able to pass clear legislation). Individual stances from organizations have not added up to a unified, multi-body view.

Some crypto enthusiasts were elated, viewing the announcement as one of the first true adoptions of cryptocurrency by the government in the United States, where lawmakers have gravitated to its underlying blockchain technology rather than virtual currencies themselves. State treasurer Josh Mandel led the initiative, part of a rebranding effort to paint Ohio as a hub for tech and blockchain in the Midwest.“We’re doing this to provide Ohioans more options and ease in paying their taxes and also to project Ohio’s leadership in embracing blockchain technology.” Any business in Ohio can register at OhioCrypto.com, the state government’s official website for the effort, to pay any of “23 taxes eligible for payment” with bitcoin.

There is still a lot of Ethereum tied up in ICO projects and the fear is that a mass liquidation could send the token back below three figures in price or, even worse, to early 2017 levels. READ MORE...