BCHUSD forecast & technical analysis Bitcoin Cash bearish trend Jan 23 Bitcoin cash price failed to settle above $2100 against the US Dollar. BCH/USD is again correcting lower and is trading below the $2000 . INSIGHT Bitcoin Cash bearish trend BCHUSD This morning at 10:40 EST, the BCH is trading at $ 1,575.68 against the […]
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cryptocurrency buzz A cryptocurrency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information through a process made possible by certain principles of cryptography. Cryptography is used to secure the transactions and to control the creation of new coins. The first cryptocurrency to be created was Bitcoin back in 2009. Today there are hundreds of other cryptocurrencies, often referred to as Altcoins.
Unlike centralized banking, like the Federal Reserve System, where governments control the value of a currency like USD through the process of printing fiat money, government has no control over cryptocurrencies as they are fully decentralized.
Most cryptocurrencies are designed to decrease in production over time like Bitcoin, which creates a market cap on them. That’s different from fiat currencies where financial institutions can always create more, hence inflation. Bitcoin will never have more than 21 million coins in circulation. The technical system on which all cryptocurrencies are based on was created by Satoshi Nakamoto.
XRPUSD forecast & technical analysis RIPPLE BEARISH TREND Jan 23 The entire cryptocurrency world is experiencing a much-anticipated market correction with prices across the cryptocurrency sphere trading down INSIGHT RIPPLE BEARISH TREND XRPUSD This morning at 10:40 EST, the XRP is trading at $ 1.20 against the USD, -13.14% lower from the New York close. This […]
LTCUSD forecast & analysis LITECOIN bearish trend Jan 23 the $175 level is a pivot zone, with the next support around the $140 swing low. INSIGHT LITECOIN bearish trend LTCUSD This morning at 10:40 EST, the LTC is trading at $ 176.89 against the USD,–8.11% lower from the New York close. This morning, the pair […]
ETHUSD forecast & analysis Ethereum downward trend jan 23 The second-largest cryptocurrency, Ethereum (ETH), shed 9% of its value over the last 24 hours. INSIGHT Ethereum downward trend ETHUSD This morning at 10:40 EST, the ETH is trading at$ $ 1,028.46 against the USD, -5.46% higher from the New York close. This morning, the pair traded […]
BTCUSD forecast & analysis BITCOIN downward trend Jan 23 Peter Boockvar, the Chief Investment Officer at Bleakley Advisory Group, Over the next year I wouldn’t be surprised if it’s [BTC] down to $1,000 to $3,000 people in South Korea, Japan, and the US who have been taking on credit card debt in order to invest in cryptocurrency will be hit […]