Ethereum (ETH) Snaps Back From $230, Benfica FC Setting Precedence

ETH bulls persistent, rejecting lower prices Benfica FC and UTRUST partnering will benefit fans By partnering with UTRUST, a crypto payment processor, Benfica FC fans will now pay for tickets and other merchandise using Ether or BTC. Meanwhile, the reaction from $230 could be the foundation that will propel ETH to $400. Ethereum Price Analysis Fundamentals The success of any blockchain project depends on reception. That Ethereum is one of the biggest benefactors because of their soft landing is true. Promising to create a platform that improves on Bitcoin, Vitalik,…

CCN is Shutting Down after Google’s June 2019 Core Update

Dear readers, Let’s get straight to it. Google’s June 2019 Core Update rolled out on June 3th 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight. Our traffic has experienced a massive impact by Google’s June 2019 Core Update. Image from Sistrix.com.   CCN’s visibility index on Sistrix.com shows how our site was affected by Google’s Core Update. As data from SEO analyzer Sistrix shows, our visibility on Google dropped from 1.2 to less than 0.6. You might say we ought not to face any…

Bitcoin Risks Short-Term Bear Reversal Below $7.4K Price Support

View Bitcoin is on the defensive, having closed below $8,000 last week. The price has also established a bearish lower high at $8,135. A short-term bullish-to-bearish trend change, however, would be confirmed if the price drops below $7,432 (June 4 low), establishing a lower low. With the weekly chart reporting a bearish candlestick pattern, a UTC close below $7,432 looks likely. The daily relative strength index’s move above the falling trendline would revive the short-term bullish outlook. Bitcoin’s (BTC) bulls need to keep prices above key support at $7,432 to…

Bitcoin Price Sinks to $7,500 as Analyst Predicts Further 30% Plunge

By CCN Markets: In the past 24 hours, the bitcoin price has dropped from $7,900 to around $7,500 by more than five percent against the U.S. dollar in a minor pullback in the crypto market. The bitcoin price has dropped by around five percent in the past 24 hours (source: coinmarketcap.com) Within the last seven days, the bitcoin price has fallen by over ten percent, which has led technical analysts in the crypto market to ponder about the possibility of an extended pullback despite the market’s positive macro landscape. 30%…