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May 26, 2016, 01:31:43 PM |
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Both Peercoin and Namecoin are continuing their downtrends. Peercoin is down by over 7 percent this week while NMC/USD is trading lower by exactly 3 percent. Let’s start with PPC and we’ll get back to Namecoin later on. Peercoin Down 7 Percent Alternative cryptocurrency Peercoin is down by 7.2 percent compared to last Thursday. The altcoin has fallen from $0.374 dollars to $0.347 dollars right now. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FbpdFl77.png&t=665&c=JC8-Yq_WhV5cUA) Read More https://blog.fxopen.com/peercoin-namecoin-continue-to-sink/
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May 31, 2016, 03:17:24 PM |
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After lingering below recent highs for almost a month, bitcoin finally broke the $465 resistance level on Friday. In the next two days the the $500 round figure gave way as well, marking a high of $544 dollars on Sunday. Litecoin is faithfully following BTC so far, up 11.5 percent since Friday. Bitcoin Surges 17 Percent Everyone’s favorite crypto-currency surged 17 percent in the past few days alone. After clearing the important $462 – $465 resistance level (noted HERE) BTC hit $495 dollars by Saturday and $544.58 dollars on Sunday. The $465 resistance help up prices for the past few months so it’s not a surprise that bitcoin went out of control once the level was finally broken. As expected, a similar spike happened on a break of $500 dollars, last year’s high for BTC/USD on most exchanges. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FeAVNXXY.png&t=665&c=lIjTtKdNaa4wng) Read more https://blog.fxopen.com/bitcoin-surges-17-breaks-500/
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June 02, 2016, 01:58:47 PM |
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Both Namecoin and Peercoin have slowed down their decline. The rally in Bitcoin prices seems to be keeping a floor on these altcoins for now. Namecoin Down by 2.5 Percent The alternative cryptocurrency Namecoin is down by 0.9 cents or 2.5% compared to last Thursday. We are currently quoted at $0.346 per coin. The short-term trend remains bearish, as the medium-term trend is. The long-term trend is still neutral. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F4WL5Ows.png&t=665&c=uE0hSnDIKK0_Dg) Read More https://blog.fxopen.com/namecoin-peercoin-slow-down-decline/
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June 07, 2016, 01:29:15 PM |
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Bitcoin prices hit a new yearly high of $583.76 today. We are currently quoted almost 8 percent higher compared to one week ago. Litecoin is again following BTC, up by 31 cents or 6.8 percent since last Tuesday. Bitcoin Hits New Yearly Highs Bitcoin hit a another yearly high of $583.76 on FxOpen today. On other major exchanges we saw highs of $592 and even $603 dollars per coin. During volatile times like the past few weeks, you will see large price discrepancies between the different exchanges. But as markets trade a bit calmer, arbitragers will tend to close these gaps. For traders, it’s important to note that prices on FxOpen are less reactive and ’emotional’ compared to other exchanges. During strong rallies prices here will usually lag the market. In the past week we saw a discount of $20-$30 dollars below the major exchanges. But because the last few days have been somewhat slower, this gap is now down to only $8 dollars. The reverse is true during sharp declines. Here you’ll see FxOpen prices lag again, not falling as fast as other sites. During crashes you could even see prices trade at a premium for a short period of time. The usual discount to the general BTC market is $2-$3 dollars. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FugBRzBS.png&t=665&c=3OZHYOp4aGxPZQ) Read More https://blog.fxopen.com/bitcoin-at-new-yearly-highs/
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June 09, 2016, 01:13:10 PM |
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Altcoins have broken their downtrends after trading higher. Peercoin is trading at $0.37 right now, up by over 5 percent since last Thursday. Smaller altcoin Namecoin is quoted at $0.373, up from $0.346 last week. Namecoin Higher by 7.5 Percent Alternative cryptocurrency Namecoin stopped its downtrend this week after the gains of 7.5 percent. Prices broke the $0.385 swing high on Monday, peaking at $0.395 per coin before falling back. We’re currently quoted somewhat below this level at $0.373. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fd66xc4S.png&t=665&c=CEB-WtBJDif6YA) Read More https://blog.fxopen.com/altcoins-trade-higher-break-downtrends/
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June 14, 2016, 02:59:11 PM |
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Everyone’s favorite crypto-currency hit a two-year high yesterday at $689.99 dollars per coin. Litecoin continues to follow BTC higher, up close to 5 percent since last Tuesday. Bitcoin Surges to Two-Year High After consolidating for eight days Bitcoin surged to two-year highs yesterday. Prices peaked at $689.99 on Fxopen before falling back to $674 dollars right now. On other exchanges we saw highs of over $700 dollars per coin. In our previous article HERE we went over the price differences between the major BTC exchanges. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FsSSXaH2.png&t=665&c=NAcywwh4Ra4oPg) Read More https://blog.fxopen.com/bitcoin-hits-two-year-high/
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June 16, 2016, 02:58:08 PM |
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Both Peercoin and Namecoin are trading range-bound. Namecoin is trading higher by 0.9 cent or 2.4 percent, while PPC is up by 1.8 cents or 4.8 percent since last Thursday. While both altcoins have made some progress this week, they’ve yet to break out above their important resistance levels. Namecoin Trading Range-Bound Considering the large volatility of Bitcoin and some altcoins, it’s been a calm week for NMC. Here the weekly range was ‘only’ 11 percent. This compares with a range of over 20 percent for BTC/USD. The gains have been relatively small too, only 2.4 percent since last Thursday. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F0HFhYRs.png&t=665&c=mVqYRlZo0k7NdA) Read More https://blog.fxopen.com/namecoin-and-peercoin-still-range-bound/
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June 21, 2016, 04:32:14 PM |
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Bitcoin fell over $100 from the highs after service disruption at a major USD exchange. While BTC/USD is still in an uptrend, the same can’t be said for its little brother Litecoin. But let’s start with BTC and we’ll get back to LTC/USD later on. Bitcoin Falls $100 Dollars Bitcoin fell $100 dollars in the past 17 hours alone after the outage of major BTC/USD exchange Bitfinex. Prices on Fxopen were trading around $722 dollars per coin when the whole fiasco started last night. Just 30 minutes ago a low of $623.00 was hit. Bitfinex migrated its data center recently and according to their twitter account, seems to be experiencing networking issues. This resulted in a long 8 hour outage last night, during which BTC/USD prices crashed over $50 dollars. Only few hours later, trading was halted yet again with BTC prices trading around $713 on that exchange. This caused a second round of selling with prices tumbling to a low of $623 on Fopen and $655 on other exchanges. Bitcoin prices are more stable on Chinese exchanges, fetching a premium of over $25 dollars to their USD counterparts. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FWwU3QCa.png&t=665&c=qN32ZP_3wK7NPw) Read More https://blog.fxopen.com/bitcoin-falls-after-exchange-outage/
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June 23, 2016, 03:23:18 PM |
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The decline in Bitcoin prices continued and turned into a rout yesterday. Prices fell close to 30 percent on most exchanges before rebounding somewhat. This had a knock-on effect on other cryptocurrencies. Namecoin Spikes, Then Crashes In what is becoming a familiar pattern lately, NMC prices first spiked to a high of $0.538 before crashing back down to $0.342 right now. Both the rise and the decline coincide with Bitcoin’s price movements. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FCHdSn5L.png&t=665&c=TZcsdA0wRKGXdQ) Read More https://blog.fxopen.com/bitcoin-crash-takes-down-altcoins/
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June 28, 2016, 01:18:13 PM |
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The Brexit related turmoil had a knock-on effect in the crypto market. Prices rose $40 dollars or 6.8 percent on Friday. Since then the gains have petered off with BTC trading in a range for the past few days. A similar pattern was observed in LTC/USD. Here prices jumped 13 percent on Friday before stabilizing somewhat. Bitcoin Rallies $40 After Brexit As we noted above, BTC prices rose by $40 dollars on Friday. Since then however the move stalled and we’re currently quoted at $631 dollars per coin. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fm9GdNAC.png&t=665&c=Ego3KOzpCWVVpQ) Read More https://blog.fxopen.com/bitcoin-jumps-after-brexit/
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June 30, 2016, 01:46:17 PM |
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Both Peercoin and Namecoin have gained somewhat during the past seven days. Peercoin is up by 6 cents or 17 percent this week while NMC is higher by 4.2 cents or just over 12 percent. Peercoin Up Over 13 Percent Alternative cryptocurrency Peercoin is trading higher by over 13 percent compared to last Thursday. Much of the gains are likely due to big brother bitcoin rallying over 10% after the crash last week. Bitcoin is trading at $658 dollars right now, it opened last Thursday at $590 dollars. But what’s next for PPC/USD? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fyt2qPti.png&t=665&c=GxujUncTLZAzXA) Read More https://blog.fxopen.com/peercoin-namecoin-gain-over-12-percent/
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July 05, 2016, 02:12:51 PM |
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Bitcoin continues the slow climb higher. We are now up by $29 since last Tuesday, a gain of 4.6 percent. Little brother Litecoin is also up, for a gain of over 8 percent this week. Bitcoin Higher, Next Move Uncertain Bitcoin is still climbing higher, now at $659.99 per coin. But as you can seen on the chart below, it hasn’t been a smooth sailing. We’ve barely made any gains during the past four days and on Sunday we saw a sharp fall of over $40. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fqd2yaE8.png&t=665&c=uq5oEoAukDJ6FA) Read More https://blog.fxopen.com/bitcoin-higher-but-will-the-move-last/
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July 07, 2016, 01:32:37 PM |
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It’s been a mostly uneventful week in the altcoin market. Peercoin is trading at $0.395 compared to $0.402 last week. Namecoin is quoted at $0.373 compared to $0.389 last Thursday. Peercoin Little Changed While PPC prices slowly drifted lower to $0.395 from $0.402 last week, it hasn’t been a smooth sailing. The spike on July 3 took us to a high of $0.429 per coin. This is now the new ‘watermark’ for Peercoin. A decisive breakout above the 43 cents level would end the short-term downtrend. The threshold for a new rally is set a bit higher at 51 cents per coin. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FHOYUdrO.png&t=665&c=0ZQf7BJe5XILkQ) Read More https://blog.fxopen.com/peercoin-and-namecoin-still-bearish/
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July 12, 2016, 01:40:42 PM |
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Both Bitcoin and Litecoin are trading lower this week. Bitcoin is down by $22 while LTC/USD is lower by 38 cents or 8.6 percent. As usual, let’s start with the bigger brother Bitcoin and get back to LTC later in the article. Bitcoin Down by 3.3 Percent Bitcoin is down by $22 or 3.3 percent since last Tuesday. The Bitcoin halving came and went but prices have yet to make a decisive move. After July 9, the Bitcoin creation rate dropped from 8% to 4% per annum. More on this in our previous article. While the week prior saw some tentative gains for BTC/USD, the last seven days saw a lot of that move retrace. As we can see in the 4-hour chart below, for the past several weeks Bitcoin has been stuck in a range. While the medium and long-term trends are still bullish, the short-term daily charts are signalling indecision. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FE9mLxoX.png&t=665&c=BD10bh76-g56lw) Read More https://blog.fxopen.com/bitcoin-litecoin-down-this-week/
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July 14, 2016, 07:11:10 PM |
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It’s been a farily uneventful week for altcoins. Peercoin is currently quoted at $0.408 dollars, about 3.3 percent higher. Namecoin on the other hand barely changed and is trading at $0.374 dollars, almost exactly where it was during our update seven days ago. Peercoin Higher but Trend Lower Remains Alternative cryptocurrency Peercoin clocked some tentative gains since last Thursday. We’re up 1.3 cents or close to 3.3 percent. But as we can see on the chart below, we haven’t broken any important resistance levels yet. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FxwC61AF.png&t=665&c=BJB7JfSlwdmJ1g) Read More https://blog.fxopen.com/uneventful-week-for-altcoins/
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July 19, 2016, 01:10:42 PM |
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The longer-term picture hasn’t changed since our last update. Bitcoin is still range-bound on the daily charts while LTC continues the downtrend. During the past seven days, however, both coins got a lift with BTC rallying by $17 while LTC is up by 7 cents. Bitcoin Gains 2.7 Percent Bitcoin gained $20 this week, from $639 to $656 per coin. This is a move of about 2.7 percent. But as we mentioned above, the daily picture is still undecided as we can see on the chart below. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FwnUOvkc.png&t=665&c=EjS1B48sW-HbDA) Read More https://blog.fxopen.com/bitcoin-still-range-bound-ltc-down/
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July 21, 2016, 01:50:20 PM |
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Both Peercoin and Namecoin have switched from downtrend to uptrend during the last seven days. The surge in prices on Sunday helped both altcoins take out crucial resistance levels. Since then, however, we’ve seen limited gains for PPC while NMC gave up all of the gains and then some. Peercoin Breaks Out Alternative cryptocurrency Peercoin broke above the important $0.429 swing high on Sunday. In our previous article we noted this level as a potential trend changer. In the initial run-up a high of $0.524 was hit. But since then we’ve seen a major retracement down to the initial breakout point at $0.428. We’re currently quoted slightly above this potential support at $0.433 per coin. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FFhmWKTy.png&t=665&c=p3c6XGm2_y5AJQ) Read More https://blog.fxopen.com/peercoin-namecoin-switch-to-uptrends/
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July 26, 2016, 01:10:46 PM |
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Bitcoin is being pulled around by Ether troubles again. During the past few days we’re seeing BTC/USD zig-zag up and down depending on what ETH does.Meanwhile bitcoin’s little brother Litecoin is continuing the slow trend downward. Bitcoin Pulled Around by Ether Bitcoin is being pulled up/down by Ether. The strong inverse relationship between these two coins is back in full force. Every major Ether sell-off leads to some BTC gains while every large ETH rally drops bitcoin prices somewhat. You can read more on why ETH volatility is off the charts ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FRoBvQNM.png&t=665&c=cyKGaffGGx7M4Q) Read More https://blog.fxopen.com/bitcoin-pulled-around-by-ether-troubles/
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July 28, 2016, 03:19:37 PM |
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While we see lots of volatility in Ether and its newly created offshoot ETC, the rest of the crypto market is fairly calm. As we reported two days ago, Bitcoin is being dragged up/down by ETH volatility. But this has been a non-directional affair with prices bouncing between $640 and $656, a range of just over 2 percent. This is a relatively low range for a cryptocurrency. This week, both Peercoin and Namecoin are back in range after their uptrends failed yet again. Peercoin Uptrend Over The short-lived PPC uptrend is now over. While prices didn’t break the $0.376 support noted last week, the momentum has been completely lost. We’re now back in a neutral territory waiting for the next move. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FIWXVv9k.png&t=665&c=G5R3-6xqu4UeLQ) Read More https://blog.fxopen.com/altcoins-back-in-range/
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August 04, 2016, 01:14:35 PM |
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Bitcoin and most altcoins crashed late Tuesday/early Wednesday after news emerged that major exchange Bitfinex got hacked. Initially prices dipped by only $50 dollars, from around $601 to $551 dollars per coin on Fxopen. But when the scope of the hack got revealed (120k bitcoins), prices crashed almost $100 extra to a hit a low of $469 dollars before recovering. After a sizable retracement we are currently quoted at $564 dollars per coin. Let’s go over our two altcoins (PPC/NMC) then we’ll get back to bitcoin. Peercoin Enters a New Downtrend Peercoin entered a new downtrend after a break of $0.355 dollars on Tuesday. Similarly to bitcoin we saw a ‘flash crash’ to a low of $0.297 dollars followed by a recovery to $0.345 dollars right now. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FX7ug0gV.png&t=665&c=8oqF2VXr8cqEpw) Read More https://blog.fxopen.com/bitcoin-altcoins-crash-on-exchange-hack/
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