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.
The post Daily Bitcoin Price Forecast: Russia Crackdown Threatens Bitcoin $10,000 Timeline appeared first on Profit Confidential.
See the rest here:
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.
The post Daily Bitcoin Price Forecast: BTC Is One Trading Session Away from $5,000 appeared first on Profit Confidential.
Daily Bitcoin Price Forecast: BTC Is One Trading Session Away from $5,000
What Is Monero?
Monero is an open-source cryptocurrency much like Bitcoin. Its standout features are that it is secure, fungible, and private. Perhaps its most important characteristic is that it is completely untraceable.
The Monero price can be calculated in a number of ways but Monero to USD and Monero to BTC are probably the most popular. In USD terms, the Monero price is currently valued at around $87.50 and as a standalone price, it doesn’t quite capture the volatility in this cryptocurrency or its performance. On January 1, 2016, 1 Monero could be acquired for as little as $0.47, and in August 2017, it hit a high of $154.58. A 32,789.36% return is the type of.
The post What Is Monero? Should You Invest in Monero Over Litecoin? appeared first on Profit Confidential.
What Is Monero? Should You Invest in Monero Over Litecoin?
For those who watch the cryptocurrency market closely, the $400.00 price level is to Ethereum what the $5,000 level is to Bitcoin. It is a crucial milestone that can bolster support for the long-term Ethereum price forecast.
ETH is poised to reach that level after the Byzantium upgrade next week. However, something else may drive Ethereum prices to $400.00—something unconnected to current Ethereum news.
The Bitcoin hard fork: SegWit2X.
Odd as it sounds, ETH could surge after the Bitcoin hard fork takes place. It could generate more than enough momentum to carry the.
The post Ethereum Price Forecast: A Post-Fork Surge Can Take ETH to $400 appeared first on Profit Confidential.
Ethereum Price Forecast: A Post-Fork Surge Can Take ETH to $400
On Thursday, Bitcoin prices took flight across the all-important $5,000 level. It is a landmark moment for the currency, made all the sweeter because it comes on the heels of Russia’s anti-Bitcoin posturing.
The Bitcoin to USD exchange rate lifted off around 7:50 am (UTC). It soared 8.5% to reach $5,222.70.
As suggested by our previous Bitcoin price forecast, BTC only required one strong trading session to top the $5,000 level. Once the price crossed that threshold, it continued to skyrocket, thus breaking new ground for the famous cryptocurrency.
The post Bitcoin Price Forecast: BTC Soars 8% as “Hard Fork” Bulls Drown Out Russia Concerns appeared first on Profit Confidential.
See the article here:
Bitcoin Price Forecast: BTC Soars 8% as “Hard Fork” Bulls Drown Out Russia Concerns
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.
The post Ripple Price Forecast: 100 Customer Benchmark Sends XRP Up 3% appeared first on Profit Confidential.
Follow this link:
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.
The post Daily Ethereum Price Forecast – ETH Above $300 Despite Russia Concerns appeared first on Profit Confidential.
Originally posted here:
Daily Ethereum Price Forecast – ETH Above $300 Despite Russia Concerns
Ethereum prices are on a tear today, rising more than 12% on a broad-based rally in cryptocurrencies. The Ethereum to USD exchange rate is currently at around $341.47.
What’s truly remarkable is that the speed of Ethereum’s recovery is stunning. ETH prices were trading at $206.00 only last month. Earlier in the summer, they were at $143.00.
In between those troughs, there was a brief moment when Ethereum skyrocketed and flirted with the $400.00 price level. But then China pulled out the rug by banning ICOs and cryptocurrency trading. ETH never managed to cross that important price level.
However, the pace of this week’s gains put Ethereum on track to reach $400.00 in a.
The post Ethereum Price Forecast: Today’s 12% Gain Shows That $400 Within Grasp appeared first on Profit Confidential.
Ethereum Price Forecast: Today’s 12% Gain Shows That $400 Within Grasp
Investors that bought Bitcoin last month are looking really smart right now. Some of them, especially those who bought at the bottom, would have gained upwards of 90% on their investment.
Some of the biggest gains came this week.
For instance, we reported yesterday that BTC prices had advanced more than eight percent in a single trading session, putting Bitcoin above $5,000 for the first time ever. Now that milestone.
The post Bitcoin Price Forecast: BTC Skyrockets 9% as Market Optimism Is Restored appeared first on Profit Confidential.
Follow this link:
Bitcoin Price Forecast: BTC Skyrockets 9% as Market Optimism Is Restored
Investors that are new to cryptocurrencies might find it easier to think of Litecoin (LTC) as a parallel to precious metals. Rather than thinking of it as a mysterious digital asset, think of it as the “silver” to Bitcoin’s (BTC) “gold.” It is practical and commercial rather than a store-of-value, exactly like silver.
This relationship is old Litecoin news, but it serves as a healthy reminder that the Bitcoin price and Litecoin price travel as a pair.
Like gold and silver, there is a standard LTC/BTC ratio. Just to give you a sense of it, the last time that Bitcoin traded in the high $4,000 range, Litecoin was trading between $75.00 and $80.00.
The post Daily Litecoin Price Forecast: When LTC/BTC Ratio Corrects, Litecoin Can Reach $85.00 appeared first on Profit Confidential.
See original here:
Daily Litecoin Price Forecast: When LTC/BTC Ratio Corrects, Litecoin Can Reach $85.00
The entire cryptocurrency market took a dive around 9:00 am (UTC), with Bitcoin leading the downward move. However, LTC prices managed to rebound faster and more sharply than most, adding critical support to the beleaguered currency and our Litecoin price forecast.
At the time of writing, the Litecoin to USD exchange rate is up 0.40% to $52.24. Meanwhile, the Litecoin to Bitcoin exchange rate increased 2.19% to 0.01234840 BTC..
The post Daily Litecoin Price Forecast – Rebounding Fast, LTC Jumps 2.19% Against Bitcoin appeared first on Profit Confidential.
Read this article:
Daily Litecoin Price Forecast – Rebounding Fast, LTC Jumps 2.19% Against Bitcoin
Just one day after we heard reports of Goldman Sachs Group Inc (NYSE: GS) getting into Bitcoin services, the company’s CEO, Lloyd Blankfein, took to Twitter to clear the air.
A cursory reading of Blankfein’s tweet suggests that he’s on the fence, but investors should add historical context to his comments. Consider the history of Bitcoin news.
Here’s what he said:
It wasn’t too long ago that Blankfein and his pals.
The post Bitcoin Price Forecast: Goldman Sachs Tweet Sends BTC Tumbling appeared first on Profit Confidential.
The rest is here:
Bitcoin Price Forecast: Goldman Sachs Tweet Sends BTC Tumbling
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.
The post Ripple Price Forecast and Analysis: Is XRP Stuck at $0.20? appeared first on Profit Confidential.
Ripple Price Forecast and Analysis: Is XRP Stuck at $0.20?
Yesterday, I wrote that Ripple appeared to be stuck around the $0.20 handle and that something extraordinary could help it break free. Well, that event is almost here: SWELL.
SWELL is Ripple’s first annual conference, and though it probably won’t make the front page of The New York Times, it’s definitely front-page Ripple news. It is, for example, a much-debated topic on XRPchat.com, the main place to source Ripple trading.
The post Ripple Price Forecast: XRP Rallies 2.5% on SWELL Conference Hopes appeared first on Profit Confidential.
Read the original here:
Ripple Price Forecast: XRP Rallies 2.5% on SWELL Conference Hopes
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.
The post Bitcoin Price Forecast: BTC Gains 5% in One Week Despite Upcoming Hard Fork appeared first on Profit Confidential.
Read the original here:
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.
The post Ripple Price Forecast: XRP Rises 24% on Increased Transparency appeared first on Profit Confidential.
The rest is here:
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.
The post Ethereum Price Forecast: ETH Up 3% as Crypto Market Cap Approaches $150B appeared first on Profit Confidential.
View original post here:
Ethereum Price Forecast: ETH Up 3% as Crypto Market Cap Approaches $150B
Initial coin offerings (ICOs) are shining brightly at the moment, but that may not be helping the Ethereum price forecast. For one thing, ICO regulations are extremely murky and can change at the drop of a hat.
But more than that, ICOs are possibly blinding investors from other, more important Ethereum news.
For instance, ETH prices should have appreciated when core developers finalized the date of Ethereum’s hard fork, but there was zero impact. How is that possible?
The Byzantium hard fork is supposedly a major milestone for Ethereum. It will add privacy.
The post Ethereum Price Forecast: ETH Hard Fork Scheduled for October 17 appeared first on Profit Confidential.
Read this article:
Ethereum Price Forecast: ETH Hard Fork Scheduled for October 17
Two days ago, Ripple CEO Brad Garlinghouse held a Q&A on Quora (the popular Internet forum that syndicates the answers to major news outlets). Today, that Ripple news managed to send XRP prices up 9.99% while Bitcoin, Ethereum, and Litecoin all dropped.
So what exactly did he say?
Well, there was a lot of good stuff—he talked about what’s driving the long-term Ripple price prediction, for example—but his most relevant answer.
The post Daily Ripple Price Forecast: Ripple CEO Hints Send XRP Up 10% appeared first on Profit Confidential.
Read this article:
Daily Ripple Price Forecast: Ripple CEO Hints Send XRP Up 10%
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.”.
The post Daily Ethereum Price Forecast – ETH Headed to $400? appeared first on Profit Confidential.
Read the rest here:
Daily Ethereum Price Forecast – ETH Headed to $400?