Cautiously Bullish? $6,000 in Play as Bitcoin Price Stages Sharp Recovery

Cautiously Bullish? $6,000 in Play as Bitcoin Price Stages Sharp Recovery

Having witnessed a solid recovery from the low of $5,100 in the last 24 hours, bitcoin is once again trading on the front foot and looking northwards. At press time, the bitcoin-US dollar (BTC/USD) exchange rate was roughly $5,700. As per CoinMarketCap, the cryptocurrency has gained 6.47 percent in the last 24 hours. Week-on-week, BTC is up 4.77 percent, and on a monthly basis, it is carrying 45.7 percent gains.
Ether Prices Hold Above $300 as Fork Fears Fade

Ether Prices Hold Above $300 as Fork Fears Fade

Ether prices continue to hold strong despite technical headwinds. At press time, the ether-US dollar (ETH/USD) exchange rate is roughly $305, up from a low of $287 in the wake of a recent software upgrade. And while the price may be down from a peak of $350 in the run-up to the release, the relative price stability may be impressive due to the supposedly shaky state of the code.
Healthy Pullback? Bitcoin Price Dips Back Below $5,300

Healthy Pullback? Bitcoin Price Dips Back Below $5,300

Bitcoin may be witnessing a healthy pullback. After having rallied more than 90 percent from a September low of $2,980, the bitcoin-US dollar (BTC/USD) exchange rate is trading at $5,240 today, a figure that, at press time, marks a new daily low. As per CoinMarketCap, the cryptocurrency has shed 7.37 percent in the last 24 hours. Week-on-week, BTC is up 9.9 percent, while month-on-month it is flashing 29 percent gains.
Pump or Progress? Bitcoin Cash Nears $400 on Korea Trading Surge

Pump or Progress? Bitcoin Cash Nears $400 on Korea Trading Surge

Backed by strong volumes out of Asia, the price of bitcoin cash jumped to a two-week high today. At press time, the bitcoin cash-U.S. dollar (BCH/USD) exchange rate is $390 – up 25 percent in the last 24 hours. Week-on-week, the cryptocurrency is up 24 percent, while on a monthly basis, it is still nursing a 5 percent loss. Still, today's move is a jolt for the cryptocurrency, created via a hard fork of the bitcoin blockchain in early August this year.
Bulls Take Breather? Bitcoin Slows as Price Struggles to Breach $6,000

Bulls Take Breather? Bitcoin Slows as Price Struggles to Breach $6,000

Evidence is growing that a recent rally in bitcoin prices may be nearing its end. While bitcoin has been on a tear of late, rising from a Sept. 29 low of $2,980 to new highs above $5,800 last week, the bitcoin-US dollar (BTC/USD) exchange rate failed to capitalize on this upward movement over the weekend's trading sessions.
Priced In? Ether Sees Cautious Boost as Blockchain Upgrade Underway

Priced In? Ether Sees Cautious Boost as Blockchain Upgrade Underway

Ether prices rose to a six-week high of $350 today as ethereum, the second largest blockchain by total value, appears to have successfully executed a widely anticipated software upgrade. The first part of a larger technology update called "Metropolis," the "Byzantium" code was enacted this morning Eastern Standard Time with minimal contention as anticipated by developers.
$5,800: Bitcoin Price Hits New Record High

$5,800: Bitcoin Price Hits New Record High

The value of a bitcoin reached a new all-time high of $5,856.
$5,200: Bitcoin Buoyant as Price Sets New All-Time High

$5,200: Bitcoin Buoyant as Price Sets New All-Time High

Bitcoin has hit a new all-time high today, with prices reaching $5,226 on the CoinDesk Bitcoin Price Index. At press time, the bitcoin-U.S. dollar (BTC/USD) exchange rate is trading at $5,200 levels. Week-on-week, BTC is up 18.75 percent, while month-on-month it's up 23 percent. The new record broke a previous all-time high of $5,013 set in September.
Rally Restored? Bitcoin Is Up 75 Percent from 30-Day Lows

Rally Restored? Bitcoin Is Up 75 Percent from 30-Day Lows

Fresh off setting a new all-time high this morning, bitcoin is once again increasing its 2017 gains. Yet for those just tuning in, it might not be immediately obvious how strong the cryptocurrency's recent performance has been or the conditions under which it's seen the boost. After all, as recently as mid-September, bitcoin's perceived bubble had all but burst when the price fell from $5,000 levels to below $3,000.
Bitcoin Stumbles Near New High But $5k Still in Play

Bitcoin Stumbles Near New High But $5k Still in Play

Bitcoin bears may have had the upper hand in their fight with the bulls on Tuesday, although the positive price action seen today suggests the cryptocurrency is still on the hunt for $5,000 (all-time high) levels. The bitcoin-U.S. dollar (BTC/USD) exchange rate clocked a fresh five-week high of $4,925 on Tuesday, but ended the session with marginal losses at $4,750. The decline lacked clear catalysts, however.
Nearing Bottom? Litecoin Prices Consolidating After Rough September

Nearing Bottom? Litecoin Prices Consolidating After Rough September

Litecoin's price has had a hard time in the fallout of China's initial coin offering (ICO) ban. While both bitcoin and litecoin took a hit after the early September statement from Chinese regulators – followed by domestic cryptocurrency exchanges voluntarily ceasing to offer services in the aftermath – bitcoin quickly recovered and neared record highs against the US dollar this week.
$5,000 in Reach? Bitcoin Falls Back After Hitting 5-Week High

$5,000 in Reach? Bitcoin Falls Back After Hitting 5-Week High

Supported by strong volumes, bitcoin prices sprinted to a five-week high of $4,875 last night before the move ran out of steam. The bitcoin-U.S. dollar (BTC/USD) exchange rate spent 12 hours working hard to retake $4,800. However, at press time, bitcoin's price had dropped to $4,770 – still up 12 percent in the last 24 hours. Week-on-week, the price is up 10 percent, while on a monthly basis, the cryptocurrency has seen 12 percent gains.
Back Above $300: Is Ether Building Momentum?

Back Above $300: Is Ether Building Momentum?

The ether-US dollar (ETH/USD) exchange may be looking to regain some of its past momentum. Ether's ongoing love affair with the psychological level of $300 continues amid low trading volume. At press time, ETH is trading in a sideways manner around the $304 level. Week-on-week, the cryptocurrency is up 4.
Ripple Rebound? XRP Price Jumps to 7-Week High

Ripple Rebound? XRP Price Jumps to 7-Week High

Ripple's native XRP token jumped to a near seven-week high of $0.28 yesterday despite technical indicators that suggested the cryptocurrency's recent rally might be overdone. While a re-test of the August 31 high of $0.26 was on the cards, the rally was something of a surprise given that the broader market is under pressure. At press time, the ripple-U.S. dollar (XRP/USD) exchange rate is up 10.
Two Hurdles? Bitcoin Faces Resistance Ahead of $4,500

Two Hurdles? Bitcoin Faces Resistance Ahead of $4,500

Bitcoin bulls may soon be breathing a sigh of relief. Having defended the 50-day moving average support, the price of bitcoin rose to a four-day high of $4,407 today. Week-over-week, the bitcoin-U.S. dollar (BTC/USD) exchange rate is now up 5.84 percent. Brushing aside uncertainty surrounding a possible upcoming fork, bitcoin is looking northward ahead of the weekend and, should it cut through key technical hurdles ahead, it could be poised to push higher.
Above $4,300: Bitcoin Is Up, But Is It Out of the Woods?

Above $4,300: Bitcoin Is Up, But Is It Out of the Woods?

The bitcoin-US dollar (BTC/USD) exchange rate is gaining altitude after the bearish Doji reversal seen earlier this week failed to keep the cryptocurrency below its 50-day moving average. At press time, bitcoin is trading at $4,325; up 1.46 percent as per data from CoinMarketCap. The two-day sell-off ran out of steam earlier today at the low of $4,150. The subsequent rebound then gathered pace above the 50-day moving average of $4,187.
Losing Steam? Dash Price Rallies Over $300 But Upside in Doubt

Losing Steam? Dash Price Rallies Over $300 But Upside in Doubt

With a rally in bitcoin pushing up the wider cryptocurrency asset class, dash is back above $300. At press time, the dash-US dollar (DASH/USD) exchange rate is down over the last week (as expected) falling to $285 on October 3; its lowest level since September 17. The cryptocurrency is now trading at $306; down 1.
Golden Crossover: Bitcoin Charts Suggest Price Readying for Bump

Golden Crossover: Bitcoin Charts Suggest Price Readying for Bump

The weekend rally in the bitcoin-U.S. dollar (BTC/USD) exchange rate may have come to a halt at $4,470 on Monday, but bulls appear to be crowding out the weak hands. The retreat to $4,255 over the last day suggests investors who lack the financial resources to carry their positions have been spooked by minor price changes. While this unwinding of speculative bets could have gathered pace, spreading uncertainty amongst a wider swathe of investors, that outcome now appears unlikely.
$100 Ahead? Monero Price Holding Strong Above Key Support Level

$100 Ahead? Monero Price Holding Strong Above Key Support Level

The price of monero is showing signs its recent slide may be over. At press time, the monero-US dollar (XMR/USD) exchange rate was up slightly, rising from a low of $84.18 to $89.40 on the day's trading. But, a closer look at the charts indicates the bump may be a telling sign the privacy-focused cryptocurrency could soon break its slump. Week-on-week, monero is down 4.3 percent, while month-on-month, the digital currency is nursing 29.
Slow Ascent? Bitcoin Prices Climb Toward $4,500 on Weak Volumes

Slow Ascent? Bitcoin Prices Climb Toward $4,500 on Weak Volumes

Having defended its 50-day moving average last week, the bitcoin-U.S. dollar (BTC/USD) exchange rate is looking up. Now eying the next psychological resistance level at $4,500, BTC/USD remains well bid even despite the ripple effects of the recent regulatory news from China that caused the fall below $3,000.
Bearish Undertone: OMG Token Flirts With Fibonacci Support

Bearish Undertone: OMG Token Flirts With Fibonacci Support

The ICO token with the largest market capitalization continues to hold its own amidst a bearish news cycle. At press time Monday, OmiseGo, a token issued in July by online payments startup Omise, continues to demonstrate traction amongst traders. Even despite news South Korea would ban the trading of tokens issued through ICO funding models, effectively cutting off OMG tokens from one of the hottest cryptocurrency markets, prices appear to be holding steady.
Holding Strong? Ether Prices Dip as Korea Bans ICOs

Holding Strong? Ether Prices Dip as Korea Bans ICOs

The ether-US dollar (ETH/USD) exchange rate fell to $278 today, a seeming response to news South Korea is joining the global backlash against the initial coin offering (ICO) funding model. News hit the wires during the Asian trading session, with word that South Korea's Financial Services Commission would ban "all forms" of ICOs echoing out across the global market nearly four weeks after China declared ICOs similarly illegal.
Bull Trap? Bitcoin Prices Struggle to Build Momentum Above Moving Average

Bull Trap? Bitcoin Prices Struggle to Build Momentum Above Moving Average

Despite rising above its 50-day moving average again today, the bitcoin-US dollar (BTC/USD) exchange rate is having a hard time gaining altitude. At press time, the cryptocurrency is trading at $4,188, down from a high of $4,269 earlier today; its highest level since September 12. Week-on-week, BTC is up 14.4%, while month-on-month it is still nursing 5.5% loss. Still, with no clear news or technical drivers, there is cause for concern that a potential "bull trap" is developing.
Ether Prices Climb Above $300 to Break Two-Week Lull

Ether Prices Climb Above $300 to Break Two-Week Lull

Ether prices have climbed back above $300 for the first time in more than two weeks. The price of the cryptocurrency first crossed the $300 line after 15:15 UTC, according to CoinDesk market data, sliding back below that level an hour later. Ether's price has traded consistently above $300 since 18:15 UTC. Ether, the underlying cryptocurrency of the ethereum, has consistently traded below the $300 level since September 12, and today's move signifes a break in the two-week lull seen since that date.
Back Above $4,000: Bitcoin Eyes Next Major Price Hurdle

Back Above $4,000: Bitcoin Eyes Next Major Price Hurdle

Having successfully defended the key rising trend line support over the last few days, the bitcoin-US dollar (BTC/USD) exchange rate is well bid above the $4,000 mark today. At press time, the cryptocurrency that powers the world's largest blockchain is trading at $4,070, up 3% on the day. On a monthly basis, though, it is still nursing 6% loss. With the positive price action, investors appear to also be turning a blind eye toward news out of China that indicates at least one major domestic bitcoin exchange has followed through on apparent orders from regulators to stop yuan trading.