Bitcoin and Altcoins In Slow and Steady Uptrend

  • Bitcoin price remained supported above USD 6,400 with positive moves.
  • Ethereum and ripple are trading in a bullish zone and both eyeing more gains.
    • Many altcoins like cortex, VET, NPXS, nano, ONT and WTC posted more than 30% gains.
      LIONBITBitcoin started a slow and steady rise after testing the USD 6,250 support area. BTC/USD is trading with positive signs above USD 6,400 and it seems like the price could accelerate above the USD 6,500 resistance in the near term. Similarly, ethereum, ripple, bitcoin cash, litecoin and neo traded higher with bullish moves. The current market sentiment is signaling more upsides as long as bitcoin price is trading above the USD 6,250 support.

      Bitcoin
      Bitcoin price remained in an uptrend from the USD 6,000 swing low and it recently settled above USD 6,250. BTC/USD is currently up around 1% with the immediate resistance at USD 6,500 (UTC 08:20 AM). Above this, the price is likely to climb towards the USD 6,700 and USD 6,800 resistance levels.

      On the other hand, if there is a downside correction, the USD 6,250 support zone could act as a strong barrier for sellers. Below this, the price will most likely retest the USD 6,000 support area.

      TIP

      Ethereum
      Ethereum is currently up more than 3% and is trading near the USD 300 – USD 305 resistance zone. If ETH/USD settles above the stated resistance zone, it could continue to rise towards the USD 330 level.

      On the downside, an initial support is at USD 290 followed by USD 284. Below this last, the price may perhaps test the USD 260 support level.

      Bitcoin cash and ripple
      Bitcoin cash is slowly rising towards the USD 540 resistance. If BCH/USD clears the USD 540 resistance, it might accelerate above USD 550 to test the USD 565 resistance. On the downside, there are decent supports near the USD 520 and USD 505 levels.

      Ripple price surging above the USD 0.300 resistance and it is currently up more than 7%. The next resistance for XRP/USD buyers is near the USD 0.325 level, above which, the price could test USD 0.340.

      Other altcoins market today
      Many small cap altcoins rallied today by more than 20%, including cortex, VET, NPXS, nano, ONT, WTC, PPT, kin, verge, bitcoin private and AION. Out of these, cortex and VET were the best performers with 54% and 46% gains respectively.

      Overall, bitcoin is trading with many positive signs above USD 6,250. A successful close above USD 6,500 will most likely trigger more upsides in BTC/USD and altcoins in the coming sessions.



      Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

      Source
      Author: Aayush Jindal
      Image Credit


      Don’t forget to join our Twitter channel for Crypto, Business & Technology news delivered to you daily.

40% of Canadians have sold their Cryptocurrency!

A recent study exploring the investments customs of Canadians discovered that 40 percent of Ontario’s resident shareholders have sold their cryptocurrency holdings.

The research put out from the Ontario Securities Commission (OSC) has been conducted to assess the customs of those spent in cryptocurrency and the amount of understanding individuals that invest possess of their nascent sector.



The analysis which concentrated on the 14 million individual population of Ontario state (over 38 percent of their countrys general inhabitants ) found that only 5 percent of its inhabitants or roughly a half a million adults over age 18 are spent in the cryptocurrency marketplace. While 4 percent in the state had possessed but have sold their crypto holdings.

The poll discovered that the market most likely to be spent in cryptocurrencies are men between the ages of 18 and 34 of that 14% now have some form of digital advantage.
Overall the study found that Canadians are usually careful in their investment habits in regards to the crypto world. For example, less than 9 percent or just about 50,000 individuals have spent over CD$9,999 within their electronic portfolio. Even though 90 percent invested less than $10,000 and 50 percent less than $1,000.

Although ICOs have experienced a record-breaking year in most respects Canadians, based on the study, have bought in. Just 1.5 percent, or 170,000 individuals have participate in any first coin offerings. This low-interest level could possibly be explained by an overall low level of understanding regarding cryptocurrencies. The majority of the participants were not able to describe the manner in that cryptocurrency or even the blockchain technologies that powers them functions.

Perhaps most interesting from the poll was that the wide range of methods that the respondents had acquired their crypto holdings. 18% obtained their holdings totally free through air drops and another 18% obtained everywhere in exchange for products or services.

Because the majority of the participants stated they had used money savings to obtain their cryptocurrencies, a little group used or borrowed credit cards of whom two-thirds have paid off that debt. The research final decision reads:
“The results of this survey indicate that the vast majority of Ontarians are approaching cryptoassets with caution. Only a small percentage own cryptoassets, and those who do own them tend not to spend substantial sums of money acquiring them,” concluded the survey.



Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Source
Author: CryptoCrimsonStaff
Image Credit

Don’t forget to join our Telegram channel for Crypto, Business & Technology news delivered to you daily.

Cardano [ADA] building its league! Still stands red at $0.12

Cardano’s stats on CoinMarketCap don’t look tip-top as of now. It has seen a drop of 5.29% in the last 24 hours and dips to 20.96% in the last week. Currently, it has a market cap of $3.2 billion. The last high price that ADA saw in the past one month was $0.23 on June 3rd, after which it dipped to $0.12 on June 24th.

Cardano Foundation recently announced that the latest addition to its trading platform is eToro. eToro is a Social trading platform and multi-asset brokerage company that has registered offices in Cyprus, Israel, and the United Kingdom.



Cardano [ADA] is a decentralized public blockchain and cryptocurrency project. It was formed by blockchain construction firm Input Output Hong Kong [IOHK], which is headed by Charles Hoskinson, the former Co-Founder of BitShares, Ethereum, and Ethereum Classic. Cardano’s protocol is designed to provide privacy rights for users, while also taking into account the needs of regulators.

Cardano envisions to run smart contracts, decentralized applications, side chains, multi-party computation, and metadata. The fundamental features of Cardano that help in achieving its vision include:
* Emphasizing on the growth of the community and their needs.
* Designing a distributed and resilient network true to the original vision of Satoshi.
* Balancing the movement of research and development so commercial advantage does not win out over the application of scientific rigor.


Don’t forget to join our Telegram channel for Crypto, Business & Technology news delivered to you daily.


Bithumb also announced that they will be listing Cardano on June 13th.
Bithumb tweeted:
“Cardano(ADA) and Status Network Token(SNT) will be listed on Bithumb Today!

eToro after the listing wrote on their blog:
“As the blockchain revolution continues, it can be assumed that companies that present added value, such as Cardano’s blockchain development platform, will have a stronger foothold in the market. While some other cryptocurrencies could fall to the ebb and flow of supply and demand, Cardano’s strong, highly-regarded blockchain platform could be a driving force in maintaining its position as one of the world’s leading cryptocurrencies.”

Keven Cerroni, a Twitter user commented:
“Love Cardano, such an amazing team and vision. Dont even get me started on how fantastic the tech is too.”


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Source
Author: MaxPositives
Image Credit