Bitcoin Price Celebrates New Year Inside an Interim Falling Channel

Bitcoin price on January 1st saw a minor decline of less than 1 percent against the US Dollar on a 24-hour adjusted timeframe. The digital currency, which established a weekly high towards $4,239 ahead of Christmas, corrected to as low as $3,561 on Coinbase in later days. It attempted a minor bull run on December 28 but fell just short of $4,000 in absence of adequate bullish sentiment and trading volume – probably because of the New Year break. The first day of the year is now seeing Bitcoin consolidating…

Bitcoin Falls Under $3,800 as Top Cryptocurrencies Remain Mostly in Red

Tuesday, Jan. 1 — most of the top 20 cryptocurrencies are seeing discreet to moderate losses, while a handful report gains. Bitcoin’s (BTC) price is under $3,800 again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down over one and a half percent on the day, trading at around $3,740. Looking at its weekly chart, the current price is slightly lower than $3,814, the price of BTC one week ago. Furthermore, the current price is lower than the Sunday high of $3,961 and notably higher than…

Media Reports Central Bank Has Postponed ‘Crypto-Rupee’ Plans

The Reserve Bank of India (RBI) is pausing its plans to release a digital currency, Indian business news outlet the Hindu Business Line reported on Jan. 1. India’s central bank had originally announced its intentions to consider a central bank digital currency (CBDC) in April of this year, at the time noting the establishment of an interdepartmental group to look into potential advantages and feasibility. In August, RBI confirmed the creation of the group, specifying that it was researching a CBDC that would be backed the rupee for reasons including…

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Ripple Price Analysis: XRP Set For 40 Cents, Ripple Founder Bullish

Latest Ripple News 2018 was a testing year for coin holders. The bear market wrecked the space and with the anchor coin, Bitcoin, dropping 75 percent, altcoins followed suit. The damage was severe in Ethereum (ETH), and their losses saw XRP replace it as the second most valuable coin. This is despite XRP falling a massive 84 percent from 2017 peaks. Regardless, there is optimism, and while the price is just but one of the many metrics used to gauge overall performance, bulls are confident strongly believing that digital asset…

Crypto Markets Teeter on New Year’s Eve, With Mostly Losses Across the Board

Monday, Dec. 31 — on the cusp of the new year, all but one of the top 20 cryptocurrencies by market cap are in the red, as data from Coin360 shows. Losses among the larger cryptos are tempered, with most losing 2-3 percent, and losses capped at 6 percent. Market visualization by Coin360 Bitcoin (BTC) has seen a mild loss of around 2 percent over the 24 hours to press time, currently trading at $3,816. The closing week of 2018 has been a volatile one, with Bitcoin breaking above $4,200…

2018 Sees Bitcoin’s Lowest Average Daily Price Change: Report

This year Bitcoin’s (BTC) average daily price change was the lowest value reported in the past nine years, self-proclaimed professional cypherpunk Jameson Lopp tweeted Dec. 30. This year, the average daily value change for Bitcoin was -0.33 percent, according to Lopp’s tweet. In second place for lowest average daily price change was 2014 at -0.25 percent. The year with the highest average daily change was 2010, when Bitcoin saw an average 0.82 percent price change daily — followed by 2017, with an average 0.78 percent daily price growth. As Cointelegraph…

Launch Timeline for Bakkt’s Bitcoin Futures to Be Clarified Early 2019: ICE

  The Intercontinental Exchange (ICE) announced an update on the launch of the Bakkt Bitcoin (USD) Daily Futures Contract in an official notice Dec. 31. The document from ICE — the operator of the New York Stock Exchange (NYSE) and creator of digital assets platform Bakkt — states that “[f]ollowing consultation with the Commodity Futures Trading Commission [CFTC], ICE Futures U.S., Inc. expects to provide an updated launch timeline in early 2019 for the trading, clearing and warehousing” of Bakkt’s Bitcoin (BTC) futures contract. The document reiterated that previously the…

Indian Gov’t to Approach Crypto Regulation ‘With Due Caution’

The Indian government is approaching cryptocurrency regulation with caution, tech magazine Quartz reported Dec. 31, quoting Pon Radhakrishnan, the Minister of State in the Ministry of Finance and Ministry of Shipping. The latest episode in India’s increasingly drawn-out path to formalizing its domestic cryptocurrency economy, Radhakrishnan said that the lack of a “globally acceptable solution” meant lawmakers were unlikely to issue formal statues in the short term. Addressing the lower house of parliament, the Lok Sabha, on Dec. 28, he said: “In absence of a globally acceptable solution and the…