Tag Archives: Markets

Report: Nvidia to See Q3 Strong Earnings, Crypto-Related GPU Sales Remain in Downtrend

Experts from analytical firm Trefis have forecasted increased sales of Nvidia’s graphics processing units (GPUs) at the end of the third quarter (Q3) of this year, Forbes reported Nov. 13. Trefis notes that, while overall GPU sales will be up, sales from cryptocurrency-related activities will remain in a downtrend. American GPU manufacturer Nvidia is purportedly set to release… Read More »

Crypto Markets See Slight Decline on The Day, Bitcoin Cash Makes Minor Gains

Tuesday, Nov. 13: Cryptocurrencies have experienced a slight decline over the last day, with almost all top 20 coins by market capitalization in the red after seeing some growth yesterday, Nov. 12. Market visualization from Coin360 The leading cryptocurrency Bitcoin (BTC) is down less than a tenth of a percent today, trading at $6,370 at press time. During… Read More »

Traders Now Betting 2-to-1 the Bitcoin Cash Fork Will Cause Price Decline

There are now almost twice as many open short positions betting that the price of bitcoin cash (BCH) will fall as there are longs betting on a rise in its price. According to data from crypto exchange Bitfinex, which allows margin trading for multiple cryptocurrencies, there are currently 89,457 open BCH short positions and 53,322 longs. This is,… Read More »

Bitcoin Back on the Defensive After Price Hits Two-Week Low

Bitcoin (BTC) price dropped to two-week lows earlier today and could extend the decline to key support near $6,100, technical charts indicate. The leading cryptocurrency was teasing a bullish move 24-hours ago, having carved out a lower high of $6,270 along the support of the trendline connecting the Oct. 11 low and Oct. 31 low. The defense of… Read More »

Free Money? Traders In Asia Are Buying Bitcoin Cash Ahead of Hard Fork

With bitcoin cash (BCH) now looking certain to split into two competing cryptocurrencies, some traders in Asia are betting that the sum of the parts will be worth more than the whole. Specifically, these investors have been buying BCH in anticipation that Thursday’s contentious network software upgrade, or hard fork, will leave them owning two coins with a… Read More »

Hash Power Favors Craig Wright Camp in Looming Bitcoin Cash Fork

Early data suggests that the Bitcoin SV implementation of the bitcoin cash fork may enjoy more hash power than Bitcoin ABC.

Ripple, Monero, NEM See Solid Growth Amid Calm, Mostly Green Markets

Monday, Nov. 12: crypto markets are seeing a wave of stability, with most major assets seeing low-level fluctuations both red and green, with just a few exceptions, as data from Coin360 shows. Market visualization. Source: Coin360 Bitcoin (BTC) is up around 0.85 percent, trading around $6,354 at press time. After a period of protracted stability, the top coin… Read More »

NEM Price Climbs to 9-Week High As Coincheck Brings Back Trading

New Economy Movement (NEM) hit a nine-week price high on Monday despite a neutrally toned cryptocurrency market. That market development coincided with a more than three-month high in 24-hour trading volume the same day, according to data collected by CoinDesk. The world’s 17th largest cryptocurrency by market capitalization rose to $0.114 at 09:15 UTC – its highest price since Sept.… Read More »

Bitcoin Teases Bull Move After Defense of Key Price Support

Bitcoin could be in for a recovery rally, having defended a key support level over the weekend. Looking back, the leading cryptocurrency suffered an ascending channel breakdown on Nov. 7, signaling a temporary top has been made at $6,540. On the following day, the moving average studies rolled over in favor of the bears, bolstering the already negative technical… Read More »

Cryptocurrency Trading Update: Minimal Momentum on Monday Markets

Monday movement is lacking on markets; Stellar making gains, Bitcoin Cash and BAT getting battered. There was no further momentum over the weekend and crypto markets have continued to slowly slide back this Monday morning. Total market capitalization is still over $210 billion, but only just, having lost almost $10 billion since Wednesday’s peak last week. Bitcoin’s failure… Read More »