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EOS, Ethereum and Ripples XRP Daily Tech Analysis 05/01/20

Its a bullish start to the day with resistance levels in play. A move back through early highs will be needed, however, to avoid a reversal

After a range-bound Saturday, the bulls look to wrap the 1st week up on a high. It could get choppy, however. Bitcoin will need to hit $7,500

Its a bearish start to the day for the majors after Fridays breakout. A move through Fridays highs would bring resistance levels back into play, however.

On this day, 11 years ago, the first Bitcoin block (known as the genesis block) was mined by its mysterious creator Satoshi Nakamoto. Through Block0, Bitcoin was officially born. Lets take a look at the crazy ride its taken us on throughout its short and remarkable life so far. Happy birthday Bitcoin! Heres to the next 11 years On Jan 3 2009, the first Bitcoin block was mined. You can see it on Block Explorer here. The block contains one transaction only, which is the 50 BTC reward Satoshi received for mining it.  The anniversary of the Bitcoin genesis block is coming up on January 3rd! In this talk, I recount the origins of Bitcoin, the meaning of the messageThe post Happy birthday Bitcoin! Celebrating the life of a remarkable 11-year-old appeared first on Coin Rivet.

Bitcoin (BTC) is currently trading at around $7,315 following a steep decline in price since Monday. Over the past 24 hours, though, BTC increased by a whopping 6%. As we enter 2020 Bitcoin seems to be still consolidating below its 20-day EMA. Even though were still on a clear bearish trend, price seems to have stabilised above $7,000. Will Bitcoin maintain its positive price action and start its recovery towards $10,000 soon? Lets take a look at Bitcoins chart, courtesy of TradingView. Since the massive bull market that took Bitcoin close to $14,000 earlier last year, BTC has been dropping in value following a downtrend that was only broken in late October 2019, when BTC surprisingly broke through a numberThe post Latest Bitcoin price and analysis (BTC to USD) appeared first on Coin Rivet.

Today the price of Bitcoin is US$$7,338.72; Ethereum is US$132.12; XRP is US$0.192754; Bitcoin Cash is US$212.48 and Tether is US$1.00. These are the top five cryptocurrencies by market capitalisation. About the top five cryptocurrencies The top 5 cryptocurrencies are the biggest and most significant cryptocurrencies and constitute the top half of The Top 10 Cryptocurrencies by market capitalisation. Bitcoin In August 2008, the domain name was registered. On 31st October 2008, a paper was published called Bitcoin: A Peer-to-Peer Electronic Cash System. This was authored by Satoshi Nakamoto, the inventor of Bitcoin. To date, no one knows who this person, or people, are. The paper outlined a method of using a P2P network for electronic transactions without relyingThe post Top five cryptocurrencies – latest price appeared first on Coin Rivet.

The majors got hit by a crypto meltdown on Thursday. Bitcoin will need to move back through to $7,060 levels to restore confidence

The adjusted value settled on Bitcoin dropped only slightly in 2019, but it still paints a stark contrast to the dominant run of December 2017. The Block found that the month with the most on-chain settlements in 2019, June, did less than half of the value reached in December 2017. The roughly $93 billion settled []The post Adjusted value settled on Bitcoin fell slightly in 2019; contrast shows strength of late 2017 appeared first on The Block.

Cryptocurrency miner Argo Blockchain is installing new 3,616 Bitmain machines to increase its mining capacity by 75%. Announcing the news on Thursday, the London Stock Exchange (LSE)-listed firm said the new Bitmain Antminer T17 machines are expected to be operational by Jan. 10. These machines represent 159 petahash (PH), an increase of 75% from Argos []The post Crypto miner Argo Blockchain installing new Bitmain machines to increase its capacity by 75% appeared first on The Block.

Bitcoin endured a turbulent yet significant year in 2019, surging from lows of $3,500 all the way to $14,000 before losing 50% of its value in a matter of months. It is now trading above $7,000 following a minor scare in December that saw it slump to $6,450, although price action to the downside remains a daunting possibility over the coming months. As previously reported by Coin Rivet, the exponential moving average death cross on the daily chart came into fruition on November 22. Bitcoin proceeded to drop by more than 19% but its worth noting that EMA previous death crosses have caused 62% and 71% corrections to the downside. However, if Bitcoin can close a daily candle above theThe post Bitcoin establishes key support above $7,000 as bulls target reversal appeared first on Coin Rivet.

Tendayi Kapfidze, chief economist at Nasdaq-listed online lending marketplace Lending Tree, has said that bitcoin is a pyramid scheme. You only make money based on people who enter after you, Kapfidze told Yahoo Finance in an interview published Thursday. He added that bitcoin has no real utility. Theyve been trying to create a utility for []The post Bitcoin is a pyramid scheme, says an economist appeared first on The Block.

Its a bearish start to the day. Failure to move through to key levels by late morning will likely bring support levels into play.

Its a mixed start to the day for the majors. A slide could be on the cards should key levels not be hit by late morning

Its a mixed start to the day, with Trons TRX bucking the trend early on. The majors will need to make a move by the early afternoon to avoid a sell-off.

Its a bullish start to the day for the Majors. Bitcoin would need to steer clear of $7,235 levels to avoid dragging the pack into the red

The majors are under pressure early, with more losses on the cards should they fail to move back through early highs by the late morning.

Its a mixed start to the day. Failure to move through to key levels will put the bulls under pressure once more

New York-based trading software provider CoinRoutes said Monday that the company saw more than $1 billion worth of digital assets in order flow on its platform over the course of 2019. The firm, which develops algorithmic trading tools for cryptocurrencies, said it has processed more than 21,000 unique orders across over 120 cryptocurrency pairs on behalf []The post Algorithmic trading platform CoinRoutes reports $1 billion in order flow for 2019 appeared first on The Block.

With the majors seeing a choppy start to the day, a move back through early highs would bring resistance levels into play

Its a mixed start to the week. A Bitcoin move back through to $7,425 would signal a move

Its a mixed start to the day for the pack. Failure to move through to key levels by late morning may well lead to a bearish end to the week.

Its a bullish start to the day, as the holidays deliver some much-needed relief. Holding on through the mid-afternoon will be key, however.

Bitcoin failed to deliver the Christmas cheer many were expecting as a strong push back from $7,400 saw the worlds most dominant cryptocurrency looking dangerously like spending the remainder of the festive period battling to stay above $7,000. Things had appeared decidedly buoyant on Christmas Eve as $7,600 looked like it was going to be the springboard that would propel BTC above $8,000 in time for its 11th birthday. However, the ghost of Christmas past saw history repeating itself as trading volume suddenly rose late on Christmas Eve driving downward movement and quickly knocking 300 off the price. Within 24 hours, Bitcoin was unsteady on its feet and the defence of $7,200 began. As most people were sleeping off ChristmasThe post Bitcoin set to test $7,000 in Christmas hangover appeared first on Coin Rivet.

Its a positive start to the day for the majority of the majors. Bitcoin will need to return to $7,300 levels to avoid a reversal, however.