Bitcoin Eyes $3.8K After High-Volume Price Breakout

View Bitcoin gained 7.8 percent on Friday, confirming a falling wedge breakout on the daily chart. The bearish-to-bullish trend change was backed by a jump in trading volumes to levels last seen in mid-November. Prices could soon cross the 50-day moving average resistance at $3,642 and test resistance levels lined up at $3,800 and $4,000 in the next few days. A break below the Jan. 29 low of $3,322 would invalidate the bullish setup. That looks unlikely, though, as the high-volume wedge breakout has confirmed bearish exhaustion signaled by falling…

Fake MetaMask Crypto Malware Pulled From Google Play After Tip-Off

Decentralized app (DApp) MetaMask is facing fresh problems from cryptocurrency scammers after malware impersonating the tool appeared on Google Play, cybersecurity company Eset reported Feb. 8. The malware, which replaces computer clipboard information in an attempt to steal cryptocurrency, was removed by Google at the beginning of the month after a tip-off from Eset researchers. Known as a ‘Clipper,’ the malware replaces copied cryptocurrency wallet addresses with an address belonging to an attacker in the hope funds will be sent elsewhere without the user noticing. The discovery marked the first…

NYSE Parent ICE Anticipates Over $20 Million Spend on Bakkt This Year

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, estimates it will spend more than $20 million this year in building Bakkt, its bitcoin futures trading and custody platform. In an earnings call for Q4, 2018, on Feb. 7, Scott Hill, ICE’s chief financial officer, said the firm’s investment in Bakkt will result in $20 million to $25 million of its estimated expenses for the fiscal year 2019. The estimation comes just six weeks after Bakkt announced a massive $182 million fundraise for its bid to roll…

Bitcoin Price Watch: BTC Could Correct Lower Before Fresh Rally

Bitcoin price rallied towards the $3,750 level and later started a downside correction against the US Dollar. There is a key bearish trend line formed with resistance at $3,640 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to correct lower towards the $3,550 or $3,500 support levels before a fresh rally. Bitcoin price climbed higher and settled above the $3,500 resistance against the US Dollar. BTC is currently correcting lower, but dips remain supported above the 100 hourly SMA. Bitcoin Price Analysis…

Ripple Price Analysis: XRP Could Accelerate Losses Below 100 SMA

Ripple price failed to retain gains and traded below the $0.3080 support against the US dollar. There is a key connecting bearish trend line in place with resistance at $0.3065 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must stay above the $0.3000 support and the 100 hourly simple moving average to bounce back. Ripple price is currently correcting gains against the US Dollar and Bitcoin. XRP/USD is at a risk of a sharp decline if it breaks the 100 hourly SMA and $0.3000.…

Ethereum Price Analysis: Dips In ETH Remain Attractive

ETH price extended gains and traded above the $118 and $120 resistance levels against the US Dollar. There was a break above a major bearish trend line with resistance near $117 on the hourly chart of ETH/USD (data feed via Kraken). The pair traded towards the $125 resistance and later corrected lower towards $120. Ethereum price is placed nicely in an uptrend against the US Dollar and bitcoin. ETH/USD could correct a few points, but dips remain attractive in the near term near $116. Ethereum Price Analysis In the weekly…