Bitcoin Decline in February Will Mark Its Longest Bear Market

Bitcoin has come closer to establishing its longest-running bear market, alarmed Alex Kruger. The famous cryptocurrency trading analyst said Monday that it was the first time bitcoin had entered a long period of selling sentiment in its 10-year history. In December 2017, the value of bitcoin per piece was close to $20,000. As of January 31, 2018, it was close to $3,450. That marks a circa 82% drop in 13-months. Bitcoin has never before traded more than six months in the same direction. A down February would represent seven straight…

Genesis Capital | Crypto Lending Weathers a Bearish Market

Crypto lending firm Genesis Capital processed $1.1 billion in loans last year. This is according to the company’s recently released ‘Lending Snapshot’ for Q4 2018. Genesis Capital The figure shows the massive growth in processed loans as Bitcoin price fell over 44% in 2018. The first Digital Asset Lending Snapshot was released at the end of Q3 2018. This reported that Genesis processed $553 million in loans from the period starting March 2018. Therefore the most up-to-date figures show that “Q4 loan originations increased more than 100% in the final three months of 2018…

Blockchain Predictions Market Stox and Founder Sued for $4.6 Million

Israel-based blockchain prediction market platform Stox and its founder Moshe Hogeg are reportedly being sued by a Chinese investor for over $4.6 million over alleged fraud. As reported in The Times of Israel on Friday, investor Zhewen Hu claims in a lawsuit, filed in the Tel Aviv District Court on Jan. 24, that Hogeg had misappropriated some of the crypto millions invested in the firm. The filing also names Yaron Shalem, former CFO at Hogeg’s venture capital firm Singulariteam Ltd. as a defendant, says CTech. Hu said in the filing that he had invested ether…

Why Crypto is En Route to the Longest Bear Market in History

Image: Shutterstock By CCN.com: The crypto market is en route to experiencing the longest bear market in its 10-year history. As Ran Neuner, the host of CNBC’s Crypto Trader said, if the latest bear market lasts for another month, it will surpass the 420-day correction the crypto market experienced from 2014 to 2015. “If this bear market continues for another month it will be the longest bear market in Crypto history; 2014/15 – 420 days. 2018/19 -390 days,” said Neuner. What is Triggering the Crypto Bear Market to Extend Across…

Crypto Market Update: Litecoin (LTC), Bitcoin Cash, Tron (TRX), ADA Price Analysis

The total crypto market cap is currently struggling near the $117.00B and $118.00B levels. Litecoin (LTC) price is currently trading in a tight range above the $30 support. Bitcoin cash price may climb back above $130 and $132 resistance levels. Tron (TRX) is consolidating above $0.0240 and it could trade higher in the near term. Cardano (ADA) price gained more than 3% and broke the $0.0450 resistance level. Bitcoin (BTC) and Ethereum (ETH) traded in a range, with bearish moves. The crypto market is facing hurdles, increasing pressure on ripple,…

This Price Resistance Level May Hold Key to Bitcoin Bull Market

That bitcoin (BTC) may be closing on a long-term bottom is generally accepted by now. After all, the leading cryptocurrency by market value has dropped by close to 70 percent over the last 13 months. The challenge now is to pick up early signs of a long-term bearish-to-bullish trend change, which may be possible with the help of the 10-week simple moving average (SMA). Acting as resistance, that moving average proved a tough nut to crack in the eight weeks to Nov. 14 – the day BTC reentered the bear…

Crypto Market Update: Bitcoin Cash, Tron (TRX), ADA, IOTA Price Analysis

The total crypto market cap declined heavily and broke the $115.00B support level. Bitcoin cash extended losses and traded below the $130 support level. Tron (TRX) started a downside move and traded below the $0.0250 support level. Cardano (ADA) is moving lower and it may soon test the $0.0400 support zone. IOTA (MIOTA) is down more than 7% and it recently broke the $0.3000 support. The crypto market is under a lot of selling pressure, dragging bitcoin (BTC) and Ethereum below key supports. Moreover, ripple, Litecoin (LTC), Tron (TRX), IOTA…

Crypto Will Recover Far From 2018 Bear Market

Vinny Lingham, a general partner at Multicoin Capital and the CEO of Civic, believes the crypto market won’t recover any time soon. He said: The crypto market will rise again, but most likely only when the pain of the recent fall becomes a distant memory. Don’t underestimate the power of psychology in free markets. Why Crypto Could Take a Long Time to Recover Top cryptocurrency assets including bitcoin (blue), ethereum (red), and ripple (orange) have taken steep losses over the past several days. In 2017, the crypto market saw one…

Crypto Market Won’t Recover Anytime Soon

Vinny Lingham, a general partner at Multicoin Capital and the CEO of Civic, believes the crypto market won’t recover any time soon. He said: The crypto market will rise again, but most likely only when the pain of the recent fall becomes a distant memory. Don’t underestimate the power of psychology in free markets. Why Crypto Could Take a Long Time to Recover Top cryptocurrency assets including bitcoin (blue), ethereum (red), and ripple (orange) have taken steep losses over the past several days. In 2017, the crypto market saw one…

Crypto Market Turned Bearish: Stellar (XLM), Bitcoin Cash, Tron (TRX), ADA Price Analysis

The total crypto market cap tumbled and declined more than $20.00B in the past 2 hours. Stellar (XLM) price is down more than 15% and tested the $0.1000 support. Bitcoin cash price tumbled 20% and broke the $150 and $140 support levels. Tron (TRX) trimmed most its recent gains and traded below the $0.0280 level. Cardano (ADA) price is down around 20% and traded below the $0.0450 support level. The crypto market turned bearish recently and lost more than $20.00B. Bitcoin, BCH, Ethereum, XRP, Stellar (XLM), Tron (TRX) and Cardano…