Bitcoin Price Surges Toward $11,500 as Trump Eyes USD Manipulation

Don’t look now, but the bitcoin price is already surging back from its early July lows to trade comfortably above $11,000. And one fundamental catalyst might have come from an unlikely ally: US President Donald Trump. Trump: Let’s Join the ‘Big Currency Manipulation Game’ Earlier on Wednesday, Trump accused China and Europe of playing a “big currency manipulation game,” debasing the yuan and euro by pumping large amounts of cash into the market to make their exports more attractive. But then the president went a step further, calling for the…

Blockchain Firm AmaZix is Tackling Crypto Scams on Telegram

When something becomes popular, illegal activity tends to follow. The cryptocurrency market knows this all too well, which is why AmaZix this week opened up its “moderation bot” so crypto scams can be booted from Telegram, a popular messaging app. Here’s what we know. Telegram Crypto Scams On Wednesday, AmaZix, a blockchain advisory firm, said it was opening up access to its “moderation bot,” in an attempt to boot the crypto scams that have found their way to the Telegram app. For the past two years, AmaZix has used the…

FCA’s Ban on Crypto Financial Instruments Affects UK Retailers

Earlier today, the UK’s market regulator, the Financial Conduct Authority (FCA), announced a proposal that would ban financial instruments linked to digital cryptocurrencies. The regulator has warned that such instruments using cryptocurrencies could incur huge losses for retailers who don’t understand the great risks associated with using them. The FCA’s Ban Proposal The FCA is targeting products such as derivatives and exchange-traded notes (ETNs), in particular, but it is also suggested that crypto-assets themselves simply didn’t suit small investors. It cited cryptocurrencies’ “extreme volatility,” ambiguous value, and the lack of public knowledge…

Bitcoin (BTC) Price Rally And Recent Influx of USD Directly Correlate

Bitcoin (BTC) adds 8.1 percent USDT minting correlates with USD expansion says, Jesse Powell Kraken CEO, Jesse Powell, is confident that there is no link between BTC prices and USDT minting. At the time of press, BTC is up 8.1 percent in the last day. Bitcoin Price Analysis Fundamentals Differentiating between “true demand” and speculation is hard. Critics are adamant that crypto assets are speculative and highly volatile. Although Bitcoin can be a perfect hedge against faltering traditional asset and increasingly embraced by fund managers, rapid price changes present a…

Bitcoin Rallies $2K in 24 Hours But Price Hurdles Remain Intact

View Bitcoin has risen nearly $2,000 in the last 24 hours, establishing strong support at $9,600. The outlook, however, would only turn bullish once the bearish lower-highs pattern is invalidated with a move above $12,448. A breakout, if confirmed, could be followed by a rise to or above the recent high of $13,880. Bitcoin could fall back to $9,600 if prices fail to hold above $10,830 in the next 24 hours, validating the bearish crossover of the 5- and 10-day moving averages. Bitcoin (BTC) has risen sharply in the last 24…

Ethereum (ETH) Price Forms Bottom: Break $300 Could Accelerate Gains

ETH price declined to a new monthly at $271 and recently recovered against the US Dollar. There was a sharp increase above the $280 and $290 resistance levels in the past two sessions. There was a break above a major bearish trend line with resistance near $286 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently trading near the $300 resistance, above which it could accelerate higher. Ethereum price is reversing recent losses versus the US Dollar, similar to bitcoin. ETH price must clear the…