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766

Bitcoin News & Updates / 3 Reasons Why Bitcoin Transactions Are Slow

« on: August 01, 2020, 06:09:15 PM »

Despite Bitcoin offering unprecedented decentralization and security, its network has one significant flow, namely, the transaction speed. A single transaction processing can take up to 10 minutes. But why is this happening?

To understand why bitcoin transactions sometimes take so much time to confirm, it is essential to first understand how they are verified.
Source: https://coinidol.com/bitcoin-transactions-slow/

767

Litecoin News & Updates / Litecoin Breaches $51 Overhead Resistance, Targets $64 High

« on: August 01, 2020, 06:07:03 PM »

Following the breakout above $51 overhead resistance, LTC made a further push to the high of $58. The uptrend could not be sustained above $58 high as sellers provide a defence to the recent high.

Today, LTC is rising after sellers have pushed the price to $56 low. Nonetheless, buyers have earlier retested the recent high twice but fail to break above it. In the interim, the price is fluctuating between $54 and $58 because of the recent resistance.
Source: https://coinidol.com/litecoin-targets-high/

768

Ethereum News & Updates / Ethereum Sustains Above $317, Unable to Push Above $330 Resistance

« on: July 30, 2020, 07:33:31 PM »

Ethereum bulls have established its dominance as price reached a high of $330. The biggest altcoin is now trading in a bull market after breaching the resistance at $286.

Unfortunately, the coin is in the overbought region of the market. Sellers have emerged to push prices to $317 low. In the meantime, Ether is consolidating between $317 and $330 after a minor retracement from the recent high.
Source: https://coinidol.com/ethereum-sustains-resistance/

769

Bitcoin News & Updates / Bitcoin Sustains Gains above $10,500 Support, Targets $11,500 High

« on: July 30, 2020, 07:31:11 PM »

Following the recent breakout above the $10,000 psychological level, BTC price has remained stable in the last 24 hours.

On July 27, the king coin reached the $11,379 high but made a pullback to $11,044 to continue the uptrend. Yesterday, the bulls push BTC to $11,250 high, but it dropped to $10,918.
If the BTC rises and rebounds above $11,000, the $11,250 resistance will be broken and the momentum will rally above $11,500. This recent move will enable BTC to achieve the next target price of $11,500. Conversely, if the bulls fail to break the $11,250 resistance, the king coin will be range-bound below the resistance for a few days.
Source: https://coinidol.com/bitcoin-sustains-gains/

770

Bitcoin Cash Forum / Bitcoin Cash Breaches $281 Resistance, Engages Next Resistance at $300

« on: July 30, 2020, 07:27:48 PM »

Bitcoin Cash has made a tremendous move as price broke the $281 overhead resistance. BCH rebounded thrice above $240 as price rallied to $296 high.

Before the recent breakout, BCH has been trading below the $240 resistance. The bears have earlier broken the support in June and the bulls have been making concerted efforts to push BCH above the $240 resistance. On July 22, the bulls were repelled after retesting the resistance.
Source: https://coinidol.com/bitcoin-cash-engages-resistance/

771

Ripple News & Updates / Ripple Swings up above $0.235 Overhead Resistance, Targets $0.28 High

« on: July 30, 2020, 07:22:37 PM »

Today, Ripple has successfully breached the overhead resistance of $0.235 and rallied above $0.24 high.

Since April 28, XRP has been under bear control when XRP was resisted at $0.235 overhead resistance. The market dropped from $0.235 to $0.17 low and XRP rebounded twice on July 6. The July 6 uptrend caused the coin to be overbought at $0.207 high.
Source: https://coinidol.com/ripple-targets-high/

772

Monero News & Updates / Cryptocurrency Exchanges Delist Monero Due to Its Criminal Reputation

« on: July 27, 2020, 07:28:38 PM »

Monero cryptocurrency offers its users enhanced anonymity features. However, this feature is favourable not only to ordinary traders but also to criminals taking advantage of the coin for illegal purposes. This makes some cryptocurrency exchanges avoid dealing with the coin.

Thus, on July 24, one of the top cryptocurrency exchanges Coinbase announced plans on delisting Monero. The company’s CEO Brian Armstrong stated they want to avoid possible scrutiny due to regulatory uncertainty about Monero in the USA. While taking part in a What Bitcoin Did podcast, Armstrong admitted that privacy coins like XMR might become “more mainstream” over time, and then Coinbase would consider listing them again.
Read More: https://coinidol.com/cryptocurrency-exchanges-delist-monero/

773

Bitcoin News & Updates / Bitcoin Breaks above $10k Mark, Attempts to Break Resistance at $10.5k

« on: July 27, 2020, 07:25:44 PM »

The king coin has made a sudden rise on July 26, breaking the next resistance before $10,000. BTC rallied to $10,200 but pulled back to $9,980.

Today, the bulls have recouped as the coin marginally trades above $10,000. This will be the fourth time; BTC will be trading above the $10,000 mark. In the previous encounters, the bulls could not sustain the bullish momentum as a result of overwhelming selling pressure. Before now buyers have been making frantic efforts to break the $9,650 resistance. The coin resumed upward move after breaking the initial resistance.
Source: https://coinidol.com/bitcoin-breaks-above-mark/

774

Ethereum News & Updates / Ethereum Surges Above $300 Support, Retests June 2019 Highs

« on: July 27, 2020, 07:24:17 PM »

Ethereum price has continued to accelerate on the upside after the breaching of the $253 resistance. The biggest altcoin is in a strong trend as price movement is without a pullback.

It is currently trading at $320 at the time of writing. The bulls have succeeded in breaking above the next resistance before $300.
Read More: https://coinidol.com/ethereum-retests-highs/

775

Binance / Binance Coin Breaches $18 Resistance, Larger Uptrend Is Still Intact

« on: July 27, 2020, 07:22:43 PM »

Binance Coin has risen to a new high of $20 high. Price accelerated upward after breaching the previous resistance at $18.

Before now the market has been consolidating above $17.50 as bulls made an effort to push price above the $18 resistance. After five days of consolidation, BNB rebounded to break the $18 resistance.

The market reached a high of $19 but pulled back to $18.50 to resume the current uptrend. BNB has risen to the recent high at $20. The bulls and bears are still contesting the recent high as the coin reaches the overbought region. A downward move may follow if the recent high is repelled.
Source: https://coinidol.com/binance-coin-breaches-resistance/

776

Bitcoin SV / Bitcoin SV Is Stuck Below $200, May Resume Upside Range Correction

« on: July 27, 2020, 07:18:35 PM »

Today, Bitcoin SV rebounded above $180 to revisit the $200 high. The coin has earlier traded and reached a high of $200 on July 6 but was repelled.

The bulls could not sustain the upward move because BSV reached the overbought region of the market. In retrospect, the $200 resistance has not breached since the last bearish impulse on May 10.
Source: https://coinidol.com/bitcoin-sv-resume-correction/

777

Ethereum News & Updates / Ethereum Uptrend Is Powerful, Engages the Next Resistance at $286

« on: July 25, 2020, 08:55:55 PM »

Yesterday, Ethereum has continued its impressive bullish run as it reached a high of $288. In the previous day, the biggest altcoin surged to the high of $280.

It made a pullback to $270 low and continued the bullish run to $288 high. Ether has retested the next resistance at $286 as the coin is trading below it. After a minor retracement from the recent high, ETH fell to $283 at the time of writing.
Source: https://coinidol.com/ethereum-uptrend-powerful/

778

Ripple News & Updates / Ripple Is Holding Recent Gains but Stuck Below $0.21 Resistance

« on: July 25, 2020, 08:51:07 PM »

Ripple in its uptrend has breached the resistance at $0.20 and $0.205 but has failed to break the resistance at $0.21. Buyers have retested the resistance at $0.21 twice without breaking it.

The bulls are making their third attempt at the resistance. In the first uptrend, buyers pushed XRP above $0.21 as price reached the overbought region. There was a bearish reaction as XRP was repelled. Ripple dropped to $0.19 low.
Source: https://coinidol.com/ripple-holding-gains/

779

Litecoin News & Updates / Litecoin Sustains Holds above $43, Faces Rejection at $46 Resistance

« on: July 25, 2020, 08:47:01 PM »

Litecoin has made an impressive move to the high of $46 after a strong bounce on July 21. Buyers have already retested this price level on July 8 in the first uptrend.

Later, the coin dropped to a low of $41. The price corrected upward but reached a high of $43. The bulls could not penetrate the $43 resistance as the coin was compelled to a range-bound movement below the resistance.
Source: https://coinidol.com/litecoin-sustains-holds/

780

Ripple News & Updates / Ripple Rebounds above $0.20 Resistance, as Bulls Gain More Ground

« on: July 25, 2020, 08:42:59 PM »

Ripple has made another push into the previous highs as price broke the resistance at $0.20. Before now the coin has been range-bound between $0.19 and $0.20 for the past week.

The bulls have tested the resistance at $0.20 on four occasions without breaking it. Yesterday, the resistance was broken but failed to break the $0.205 resistance.
Read More: https://coinidol.com/ripple-bulls-gain-grounds/

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