Ripple prices are upbeat on Monday morning, benefitting from two tailwinds: A reverse-rotation from Bitcoin to altcoins, and the start of Ripple’s SWELL conference.
We will provide a rundown of SWELL highlights in tomorrow’s Ripple news update. However, today’s update will focus on the reverse-rotation of cryptocurrency funds.
The shift in flow was apparent to anyone looking at BTC Dominance.
For those unfamiliar with BTC Dominance, it is a measure of how concentrated funds are in Bitcoin (relative to the rest of the crypto market). When it.
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Ripple Price Forecast: XRP Surges 9% on Reverse-Rotation from Bitcoin to Altcoin
The Litecoin to USD exchange rate rose 10.31% on Friday morning, bringing the currency to a month-long high of $59.63. Then, after scoring another 6.3% gain on the weekend, Litecoin prices reached $63.37.
The last time they traded that high was September 12.
By now, most of you are familiar with what happened, but let me fill in the blanks for the few that are new to the story.
Litecoin was trading at record highs at the start of September. Investors were making money hand over fist. But then China ended cryptocurrency trading without any warning,.
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Litecoin Price Forecast: LTC Soars 23% in 1 Week as Bitcoin Price Slows
It’s official: the Ethereum update is now live.
Developers have successfully implemented the Ethereum improvement protocols (EIPs) known collectively as Byzantium. Which is a wonky piece of Ethereum news, to be sure, but one with an incredibly important investment takeaway:
Byzantium will help Ethereum scale more successfully. Scaling more successfully means an explosion in ETH price forecast.
As a result of the fork, the Ethereum to USD exchange rate rose 4.51% in the last 24 hours. It reached $339.35 by the time this article went to press, while also.
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Daily Ethereum Price Forecast – ETH Rises 4% on Byzantium Rollout
Bitcoin’s ascent to $5,000 was put on hold yesterday as investors priced in harsh comments from Russian authorities. Based on those comments—some of them from President Vladimir Putin himself—it seems as if the Kremlin is turning bearish on cryptocurrencies.
BTC prices weren’t hurt by the regulatory shift, but investors should be wary. This is major Bitcoin news. It could affect our.
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Daily Bitcoin Price Forecast: Russia Crackdown Threatens Bitcoin $10,000 Timeline
As the only one of the top five cryptocurrencies to have appreciated in the last 24 hours, you could say that Bitcoin is the cool kid at the party (again). It is fast approaching our Bitcoin price forecast.
Many of them are rotating funds from altcoins to Bitcoin. This could either be an attempt to capitalize on soaring BTC prices or else voice support for Bitcoin Classic ahead of the hard fork. Or perhaps it’s both—they aren’t mutually exclusive, after all.
For those who may not be familiar with the Bitcoin hard fork, it is an attempt by renegade Bitcoin developers to protest upgrades to the blockchain. There was a similar attempt at the start of August, which some of you.
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Daily Bitcoin Price Forecast: BTC Is One Trading Session Away from $5,000
The Ethereum to USD exchange rate slipped ever so slightly on Monday, falling 0.46% to $303.14. However, the fall against Bitcoin was of a different magnitude.
The Ethereum to Bitcoin rate fell 5.47% to 0.06249410 BTC.
Why was there such a stark discrepancy?
At first blush, one would imagine that bearish Ethereum news was the culprit. Perhaps.
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Ethereum Price Forecast: ETH Hard Fork Can Start Rally to $400
It’s hard to accept when you’re looking at a trading screen that’s flashing red, but the current slump in Litecoin prices has nothing to do with Litecoin.
There wasn’t any disastrous Litecoin news (since China), nor any blow to the long-term Litecoin price forecast (once again, since China). In fact, Litecoin’s sweeping narrative is relatively upbeat…
…except, of course, for the drop in LTC prices.
But it doesn’t take a rocket scientist to figure out what is happening here—investors are rotating their funds into Bitcoin. So what? Rotations such.
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Litecoin Price Forecast – LTC to BTC Ratio Suggests 60% Upside
On Monday, Ripple prices traded as high as $0.278758 before an intra-cryptocurrency rotation diverted the momentum towards Bitcoin. The result was an 11.36% depreciation of XRP against BTC.
What caused this sudden rotation—was it an unexpected bout of bad Ripple news? Sadly, no.
Cryptocurrencies should trade independently, based on their underlying strengths or weaknesses, but they often do not. The market is heavily distorted by uncertainty, a half-baked regulatory environment, and far too many scams. Which is why you get days.
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Daily Ripple Price Forecast: XRP Wounded 11% by BTC Dominance
Bitcoin is facing another mutiny in the coming weeks, but you wouldn’t be able to tell that from its price action. The Bitcoin price forecast appears cool, calm, and collected.
What do I mean by mutiny? Well, some of you are old enough to remember the Bitcoin news in June and July. Remember the minor civil war started by a small group of developers that wanted to upgrade Bitcoin’s source code?
You see, for all its hype as a global digital currency, Bitcoin is incredibly slow at sending money. It takes hours, sometimes days, to complete a transaction.
In order to increase efficiency, some developers offered a solution. But once their peers saw that it involved fundamental.
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Bitcoin Price Forecast: BTC Gains 5% in One Week Despite Upcoming Hard Fork
XRP prices are flirting with $0.24 after another strong trading session on Thursday, heading closer to our Ripple price prediction. This means that Ripple is up 23.87% for the week, including the 5.86% from yesterday.
Ultimately the strength of this week’s trading goes back to marketing. I tip my hat to CEO Brad Garlinghouse and his minions at Ripple because this was truly a PR coup.
Surely, everyone remembers that cryptocurrency prices were in freefall during the latter half of September. It was a bloodbath from which Ripple was not excused. The.
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Ripple Price Forecast: XRP Rises 24% on Increased Transparency
For what seems like the hundredth time in the last month, ETH prices crossed back above $300.00. The random flips between bullish and bearish behavior have stalled the Ethereum price prediction around this level.
It’s tempting to think that yesterday’s uptick came after investors earnestly appraised recent bits of Ethereum news, but that is a dream. All of the top 10 biggest cryptocurrencies were in the green, suggesting that it wasn’t currency-specific forces that pushed ETH above $300.00.
But that doesn’t mean there isn’t a silver lining here. A.
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Ethereum Price Forecast: ETH Up 3% as Crypto Market Cap Approaches $150B
On Tuesday, Ripple announced that it had reached an important milestone: 100 financial institutions on its enterprise blockchain. (Source: “Ripple’s Blockchain Network Is Now More Than 100 Strong,” Ripple, October 10, 2017.)
Investors celebrated this Ripple news by sending prices up 2.66% against Bitcoin.
However, it should be noted that the Ripple to USD exchange rate only advanced 1.87% to $0.262645. This suggests that existing crypto investors are more excited.
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Ripple Price Forecast: 100 Customer Benchmark Sends XRP Up 3%
It seems like a lifetime ago when Ethereum founder Vitalik Buterin was in Moscow, wining and dining the Russian elite. He sat on stage next to President Vladimir Putin and forged relationships with government agencies. All seemed well.
That is, until yesterday.
On Tuesday, Putin warned against the growing influence of cryptocurrencies. He cited “opportunities to launder funds acquired through criminal activities, tax evasion, even terrorism financing, as well as the spread of fraud schemes” as his main concerns.
But there were even harsher words from his.
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Daily Ethereum Price Forecast – ETH Above $300 Despite Russia Concerns
Remember the Ethereum flash crash in June? It was front-page Ethereum news when it happened. Prices dropped from $365.79 to $0.10 in an instant, then recovered to $300.00 once the technical difficulties were overcome.
Apparently, regulators at the Commodity Futures Trading Commission (CFTC) remember the crash quite clearly, because the agency is investigating what happened with margin trading accounts during the crash.
Does this affect the Ethereum price forecast? Probably not.
There’s a chance margin trading rules could change, in which case ETH prices might take a hit. But U.S..
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Daily Ethereum Price Forecast – ETH Gains 2.75% Against Bitcoin Despite CFTC Probe
Bitcoin’s share of the overall cryptocurrency market rose again on Monday, getting ever closer to the dangerous halfway mark.
Since the rise of BTC dominance generally rises at Litecoin’s expense (LTC market share fell from about 2.02% to roughly 1.91%), no other Litecoin news was needed to push LTC price forecast lower.
At the time of writing, the Litecoin to USD exchange rate fell around 3.83% to land near $52.14. The Litecoin to Bitcoin exchange rate, however, only depreciated 1.14%.
Trading volumes fell across the past week, from $220.36-million to.
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Litecoin Price Forecast: LTC Slumps as BTC Dominance Rises to 49.6%
Although BTC slipped 3.74% on Monday, there is more than enough Bitcoin news to reenergize the price.
For example, Goldman Sachs Group Inc (NYSE:GS) is “weighing a new trading operation dedicated to Bitcoin and other digital currencies,” according to an exclusive report in The Wall Street Journal. (Source: “Goldman Sachs Explores a New World: Trading Bitcoin,” The Wall Street Journal, October 2, 2017.)
That’s pretty big.
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Daily Bitcoin Price Forecast – BTC Rally Blunted by Minor 3.7% Correction
Bitcoin Price Forecast
Over the last week, there was a broad-based recovery in the cryptocurrency market as memories of a Chinese crackdown faded into the rearview. It was front-page Bitcoin news.
That said, let’s not pretend that the recovery is evenly spread—it isn’t.
There is a handy little metric called BTC dominance that shows us Bitcoin’s market share as a percentage of total cryptocurrency market share. In the last week, it rose steadily from 47.5% to 49.3%.
What does that mean?
It means that investors consolidated around Bitcoin..
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Daily Bitcoin Price Forecast: BTC Dominance Rises, Sending Prices Up 15%
October is here, and with it comes Ripple’s inaugural conference. The conference will take place at the same time and in the same city as the company’s archrival, SWIFT, will host its own annual event.
This may seem like an obscure piece of Ripple news, but I assure you it’s not. By our estimation, it will affect the Ripple price prediction for several weeks (at the very least).
For one thing, ex-Chairman Ben Bernanke is speaking at the conference. He was the head honcho at the Federal Reserve for a long, long time, and his tenure fell right in the middle of the 2008 financial crisis. He is the picture of credibility in financial circles.
Even though many.
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Daily Ripple Price Forecast: XRP Prices Up 12.9% Ahead of SWELL Conference
In the last week, XRP prices have crossed the $0.20 handle 12 different times. Half on the way up, half on the way down. Did Ripple news really fluctuate that much day to day? Of course not.
It doesn’t really matter where Ripple prices land on a daily basis. What truly matters is the direction it trends in and the spectrum of its potential. Right now, that spectrum appears to have tightened around $0.20.
But don’t be fooled into thinking that $0.20 is our Ripple price prediction.
This is a temporary lull in Ripple’s growth, most likely caused by a fear-driven.
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Ripple Price Forecast and Analysis: Is XRP Stuck at $0.20?
As ETH prices oscillated between $290.00 and $306.00 last week, investors seemed immune to some of the more subtle Ethereum news that emerged. If they had paid attention, it seems likely that ETH would have accelerated to our short-term Ethereum price forecast of $400.00.
For instance, a senior official from the Federal Reserve Bank of Boston said the Fed is working on an Ethereum proof-of-concept. No one batted an eye at this announcement, which seems peculiar, to say the least.
The official is Jim Cunha, Senior Vice-President of the Boston Fed. He was giving a speech at a fintech conference in Philadelphia on the subject of “Bitcoin, Blockchain and other Cryptocurrencies.”.
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Daily Ethereum Price Forecast – ETH Headed to $400?