Connect with us

News

Bitcoin Price reached all-time high

Published

on

btc

As of 25th November 2017, Bitcoin price touched all-time high price of $8668 on major Bitcoin exchanges, price was stabilized around the $8000 mark since one week, but one important thing to notice is that in previous week most of the crypto currencies were on the rise, Ethereum which is second largest crypto currency in the world touch all-time new high but Bitcoin was stabilized around the landmark of $8000 and there were rumors about the future of Bitcoin as Bitcoin cash was picking up and reached to $1700 before giving some of its gains, but still stabilized around $1600 mark, so the rumors were that Bitcoin cash may replace Bitcoin in future but each and every time Bitcoin reminds investing community that it is still the “BOSS” as far as Crypto world in concerned.

High Price but Low volume

Although Bitcoin price reached new highs but volume is low, that’s due to the weekend effect as volume is normally low on weekends, It will be interesting to see that how Bitcoin reacts with high volumes, would it be able to sustain with high price? If we take a look at history, the answer is Yes, it will, easily because It has been evident that whenever Bitcoin reach all-time high there is short term profit taking but prices recovers to reach another high in coming days, it seems like history is repeating itself and there are many chances that Bitcoin rally will continue and it will make another high in near future.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Crypto Market cap reached $275 billion

Published

on

By

Market cap of crypto currencies reached the level of $275 Billion after a spike on 4rth July 2018, Bitcoin maintaining its dominance at 42% , making it the biggest crypto currency in the world.

Bitcoin price currently trading at around $6700 after a 3% spike in the price , making it jump from $6500 to $6700 within minutes, analysts are predicting that this recent upside movement in crypto market in weak and need to sustain these levels in order to attract more buyers, otherwise overall bearish market is still in control.

$7000 is a key level for Bitcoin 

$7000 is very important level for bitcoin according to many technical analysts, If it breaks above $7000 and stays there then chances are that upside move will be healthy, otherwise bear will look forward to take control of the situation again.

Continue Reading

News

Switzerland merging Cryptocurrencies with conventional banking

Published

on

By

Switzerland is on the right track to become a Crypto nation and country is making efforts to allow cryptcocurrencies to fully access conventional banking .

Bitcoin and other crypto currencies has taken a big hit in brutal bear market of 2018 but that’s not stopping Switzerland to allow cryptocurrencies to fully access conventional banking system within the country. Switzerland is currently in progress and drafting rules and regulations for such collaborations.

Heinz Tännler, Swiss expert & finance director of Zug canton, told media earlier that politicians were moving to allow crypto companies to work with banks, adding that Switzerland’s central bank, financial supervisor and federal government “are willing to help”.

He said: “We hope to clarify relationships by the end of the year at the latest.

“Time is pressing, other jurisdictions such as Malta and Singapore are very active and making a lot of effort to attract these companies. The lack of access to bank services is a significant competitive disadvantage.”

“We have to push certain national institutions to resolve this problem quickly and effectively, but that now seems to be going well.”

Blockchain becoming the global phenomenon 

The concept of Blockchain is interesting and attractive for all the countries, many countries may disagree on the existence and usage of cryptocurrencies, but all of them agree with the fact concept of blockchain is not going anywhere and governments can benefit from this technology in various fields, but if you ask any expert of blockchain, he would tell you that success of Blockchain technology has to be linked with existence of crypto currencies, without crypto currencies, and ecosystem can’t exist, many governments around the world are slowly recognizing the fact and Switzerland is definitely on the right track if they allow crypto currencies to work in collaboration with the Banks, because many banks around the world are not allowing crypto currencies to offer services through them, but this initiative will open many doors in that regards.

 

Continue Reading

News

Crypto market stabilizing gradually

Published

on

By

crypto trading

Crypto market is stabilizing around $450 billion market cap after gradual increase in overall value in recent weeks.

Leading crypto currencies are on the rise, lead by Bitcoin, Ethereum, Bitcoin Cash and Ripple. Although increase in bitcoin value is less as compared to other crypto currencies but overall market is on rise with current market of $440 billion.

Bitcoin is currently hovering around the $9300 mark after being rejected at $10000 mark couple of times in last days, Ethereum is on the charge as well but the most surprising one is Bitcoin cash. Bitcoin cash was at $600 couple of weeks ago and now at $1600, shows rapid growth in recent weeks.

EOS

Crypto currency of the month has to be EOS, investors of EOS are enjoying a massive rise in value in past few weeks, EOS started April at $5 mark and now is at $18 , value of EOS increased more than 3 times within one month.

Current top 5 crypto currencies

  1. Bitcoin : $9388
  2. Ethereum: $741
  3. Ripple: $0.83
  4. Bitcoin Cash: $1630
  5. EOS: $18.28

 

Continue Reading

Trending

Copyright © 2017 Coinoshi.com