Cryptocurrency Analytics from FXOpen

[Prodigan786]

buy looking the trend in 2014 i am thinking where i was in this workl 350$ BTc and 3$ ltc in 2 years more than 100% profit . I have invested lots in equity share not even gave 5% returns.

[voskobojn]

Bitcoin broke above the important $2,550 level this morning and hit a high of $2,748 on FXOpen and over $2,900 on other exchanges. This had a positive impact across the crypto world as altcoins started to move up as well, at least in dollar terms.
Peercoin Down but Climbing

A lot has happened to Peercoin since our last update two weeks ago. First prices are fell in a downtrend as bitcoin crashed to a low of $1,812 five days ago. Then as BTC/USD reversed course, so did PPC/USD. It’s now quoted at $1.91 dollars per coin.

Read more: https://blog.fxopen.com/bitcoin-rally-lifts-all-boats/

[voskobojn]

Since our last update a few days ago BTC/USD prices remained mostly range-bound. Initially, it looked like we may break the important $3,000 handle but after fork fears reappeared prices took a nosedive today.
Bitcoin Ranges as Fork Fears Reemerge

Bitcoin is quoted at $2,546 dollars per coin right now, slightly down from the $2,558 handle noted in our last update. Volatility has been high though and during this time we hit a high of $2,750 and a low of $2,523.

Read more: https://blog.fxopen.com/no-progress-for-btcusd-as-fork-fears-reemerge/

[voskobojn]

Due to important events in the bitcoin space, in this update we will cover Bitcoin and Ether, instead of the usual Ether+Dash combo.
Ether Stays in Downtrend

Ether continues its slow downward trend. It’s currently quoted at 0.07873, down from 0.08875 during our last update. This is a fall of 11.3 percent.

Read more: https://blog.fxopen.com/ether-stays-in-downtrend-bitcoin-up/

[voskobojn]

The long-anticipated bitcoin fork finally happened today. Prices first rallied going into the event only to drop few hours before the split. Alts followed a reverse pattern with losses pre-fork and large gains shortly after.
Bitcoin Forks, Prices Drop From Highs

Bitcoin prices hit a high of $2,892 on FXOpen today just hours before the BCC hard fork. Soon after, however, we saw a large crash of over $200 in less than four hours.

Read more: https://blog.fxopen.com/bitcoin-forks-prices-drop/

[voskobojn]

It’s a mixed bag this Thursday for Ether and Dash. While Ether is trading a bit higher since our update last week, Dash continues to range.

Ether Bounces From Lows

Ether prices versus bitcoin bounced from the 0.058 lows on FXOpen to 0.081 right now. The lows on other exchanges were around the 0.066 level.

Read more: https://blog.fxopen.com/ether-slightly-up-dash-range-bound/

[voskobojn]

Bitcoin prices are up close to 24 percent since our Tuesday update. Litecoin is up as well but only by $1.98 dollars or just under 5 percent.
Bitcoin Rallies 24 Percent

Bitcoin prices rallied close to 24 percent in a week. The main driver for the gains seems to be the Segwit lock, expected to happen later today. Current projections set the lock at 25 blocks from now, around 17:46 GMT.

Read more: https://blog.fxopen.com/bitcoin-rallies-into-segwit-lock/

[voskobojn]

We got a mixed bag today. While Ether is up against bitcoin, Dash is now in a downtrend. As usual, we will first go over ETH/BTC then come back to DSH/BTC later in the article. We have a bitcoin update at the end of this article as well.
Ether Nears Breakout

Ether prices have gone up almost 10 percent since our last update. We have since broke above the 0.0844 swing high and thus ended the downtrend. Back then we penned the 0.111 spike high as a potential trend starter. Now that level is moved slightly lower to yesterday’s high at 0.09322.

Read more: https://blog.fxopen.com/ether-nears-breakout-dash-down/

[voskobojn]

Bitcoin surged to new highs during the past seven days. The crypto is up by $694 since last Tuesday or just over 20 percent. Litecoin isn’t doing as well, however. It’s back in range after the losses today.
Bitcoin Surges by $694 Dollars

Bitcoin prices hit a new all-time high of $4,420 dollars yesterday. Since then we’ve dropped a bit and are currently quoted at $4,077, still up by over 20 percent in the last 7 days.

Read more: https://blog.fxopen.com/bitcoin-surges-to-new-highs/

[voskobojn]

It’s a mixed bag for the two crypto-currencies we cover on Thursdays. While Dash is continuing the downtrend started last week, Ether is range-bound.
Ether in a Range

Ether prices failed to break above the 0.09322 swing high last week. A break of this level could kick-start a new rally. But after peaking out at 0.093 ETH/BTC saw continued losses every single day. We are now up to seven red (or black) candles in a row.

Read more: https://blog.fxopen.com/dash-continues-downtrend-ether-in-range/

[voskobojn]

Bitcoin prices crashed below the $4,000 level today on a decline in the mining hash rate. Litecoin on the other hand has been stable and still remains in a range.

Bitcoin Hashrate Drops

Bitcoin’s mining hash rate dropped considerably during the past few days as mining for BCC became more profitable. As of right now the hash is split at 60% for the ‘legacy’ bitcoin chain and 40% for the new bitcoin cash. However this is expected to change tonight, when the aggressive re-targeting of the BCC protocol will increase the mining difficulty by 300 percent.

Read more: https://blog.fxopen.com/bitcoin-down-from-highs-as-hashrate-drops/

[voskobojn]

Dash prices spiked higher on August 19th and ended the two-week long drawdown. Ether on the other hand remains locked in a range versus BTC.

Ether Still in Range

While both ETH and BTC continue to clock gains versus the U.S. Dollar, against each other they’re trading flat. Ether is quoted at 0.0745 BTC right now, slightly up compared to prices one week ago.

Read more: https://blog.fxopen.com/dash-spikes-higher-eth-still-in-range/

[voskobojn]

Both bitcoin and litecoin made new all-time highs since our last update. Big brother peaked out at $4,637 dollars per coin while LTC/USD hit a high of $64.84.

Bitcoin Hits New All-Time High

The bull run in BTC/USD continues. After a period of consolidation prices hit a new all-time high today. There was no news catalyst for the most recent gains, so it appears to be a continuation of the segwit pump.

Read more: https://blog.fxopen.com/bitcoin-litecoin-at-new-all-time-highs/

[voskobojn]

Both Dash and Ether gained versus bitcoin this week. Ether is up by exactly 10 percent since our last update while Dash is up by a smaller 9.4 percent.

Ether Remains in Range

Despite the large gains in ETH/BTC however, the pair is still trading inside that range. We hit a high of 0.08423 yesterday, far below the 0.09322 swing high.

Read more: https://blog.fxopen.com/gains-for-dash-and-ether/

[voskobojn]

Bitcoin prices fell almost 21 percent after the People’s Bank of China banned ICOs. This was enough to end the trend on the daily charts. Litecoin, on the other hand, remains in rally mode despite suffering large losses as well.
Bitcoin Falls 21 Percent on ICO Ban

Bitcoin fell from the $4,960 high reached a few days ago to hit a low of $3,930 today. This is a drop of $1,030 or 21%. We are currently trading at $4,247 after a sizeable recovery from the lows. The main reason behind the drop was news that the PBOC banned ICOs in the country. More on this developing story HERE. To read a brief explanation on ICOs please click HERE. There are rumors that the PBOC might take further action on ‘virtual currencies’ soon.

Read more: https://blog.fxopen.com/bitcoin-falls-21-on-china-ico-ban/

[voskobojn]

The rally in Dash prices continues to lose steam. We are currently quoted at 0.07439, down from 0.07820 last week. Ether on the other hand remains locked in its range.

Ether Still in a Range

Ether is still trading inside that month-long range. We are currently trading at 0.07158, down by over 10 percent since last Thursday. However as you can see on the chart below, this wasn’t enough enter a bear market. We simply moved from the top of the range toward the middle.

Read more: https://blog.fxopen.com/dash-rally-loses-steam/

[voskobojn]

More crypto pain coming from China this week. After the ICO and ICO exchanges ban announced last week, authorities could be banning bitcoin exchanges as well. Prices understandably crashed on the news, hitting a low of $3,969 on FXOpen before rebounding.
China Moving to Ban Crypto Exchanges

According to two major financial publications, Chinese authorities are drafting regulations that will ban all crypto exchanges from operating in the country. The news first broke on Friday in Caixin, a Chinese finance publication. On Monday a similar report was published in the Wall Street Journal. According to the articles, it appears that Chinese regulators plan to ban all crypto exchanges from operating in the country. Over the counter (OTC) trading as well as in-person trading would be tolerated.

Read more: https://blog.fxopen.com/bitcoin-waits-for-china-decision/

[voskobojn]

Bitcoin prices took a tumble after the rumored China ban was made semi-official. This had a large knock-on effect on Ether and Dash too, which are down in USD terms (although flat vs BTC). Due to the large affect this news is having on the crypto market, we’ll cover BTC instead of Dash in this article.
Bitcoin Tumbles on China Exchange Ban

Bitcoin prices dropped sharply during the past few days as the rumored china exchange ban is slowly being rolled out. First Bitkan, a popular Chinese OTC trading platform, announced that they will shut down. Then BTC China, one of the biggest three Chinese exchanges followed suit. And finally today OKEX, a futures platform run by OKCoin, announced that their new futures will be based on a 100% USD price index, instead of the previous 50/50 CNY/USD mix. A smaller trading platform VIABTC announced that they will close their doors as well.

Read more: https://blog.fxopen.com/bitcoin-falls-on-china-exchange-ban/

[voskobojn]

Bitcoin prices have bounced back sharply from the $2,970 lows and are currently quoted at $3,974 dollars. Litecoin followed a similar pattern, hitting a low of $32.35 and is now at $54.48 dollars per coin.
Bitcoin Bounces From Lows

Bitcoin prices bounced hard from the $2,970 lows to a hit a high of $4,103 earlier today. We have since dropped a bit after renewed bad news from China.

Read more: https://blog.fxopen.com/bitcoin-bounces-back-still-in-downtrend/

[voskobojn]

Цeны нa биткoйн peзкo взлeтeли c минимyмa в $2 970 и нa дaнный мoмeнт кoтиpyютcя пo цeнe в 3 974 дoллapa CШA. Litecoin пocлeдoвaл aнaлoгичнoй cxeмe, дocтигнyв минимyмa в 32,35 дoллapa, и ceйчac нaxoдитcя y oтмeтки 54,48 дoллapa зa мoнeтy.

Биткoйн oтcкaкивaeт oт минимyмoв
Цeны нa биткoйн peзкo пoдcкoчили c минимyмa $ 2,970 дo мaкcимyмa в $4 103 чyть paнee ceгoдня. C тex пop цeнa нeмнoгo oткaтилacь пocлe внoвь oпyбликoвaнныx плoxиx нoвocтeй из Китaя.

Read more: https://blog.fxopen.ru/bitkojn-rezko-podskakivaet-no-vse-eshhe-v-nishodyashhem-trende/