• Cryptocurrencies: 2074
  • Markets: 16073
  • Market Cap: $135256363751.81
  • 24h Vol: $28472433214.929

Daily Observations

Daily Observations:

16th July 2018 

Bitcoin ended last night and the weekly candle for the Seventh Week in a row in the red. Illustrating a Bearish or a down period again. This comes to mind a 2013-2015 period of darkness in CryptoCurrency. But what has changed since then? Adoption and awareness. 

 

Adoption: 

More and more of the world are using bitcoin as both a store of value (investment) and a transaction source. If you compare the average persons google history: more and more individuals are looking into Bitcoin as the Modern Day Gold. It’s also a Trend – Wouldn’t you rather say you have 1 bitcoin instead of 1 bad of gold. Recently, it was found in America that Russians hacked the DNC and paid in Bitcoins. 

 

Awareness 

Any TV Show you have been watching recently would have showcased them doing something illegal and then paying in Bitcoins. For one, this negative stigma and connotation of bitcoin has to go. Secondly, it is showing that Bitcoin is a mean of transferring between two parties if you discount the situation. 

The Media day by day are discussing Bitcoin and Cryptocurrencies as well. 

Take a look at Blackrock and their 6Trn under management, they have created a team to look into Cryptocurrencies. 

This coupled with the approval of an ETF by the SEC would trigger an unimaginable amount of money flooding Cryptocurrencies. 

Nouvive: Home of Crypto Beginners, Traders & Investors. Nouvive provides Cryptocurrency trading news, Analysis and indicators for beginners, traders and investors.

Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.

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ViFeed Indicators

Bitcoin (BTC)
$3982.15
44.00 RSI
1.07%
Buy
Ethereum (ETH)
$147.79
57.00 RSI
2.51%
Hold
XRP (XRP)
$0.33
55.00 RSI
1.81%
Hold
EOS (EOS)
$3.85
49.00 RSI
8.34%
Hold
Litecoin (LTC)
$51.13
62.00 RSI
6.94%
Hold
Bitcoin Cash (BCH)
$146.87
65.00 RSI
3.25%
Hold
Tether (USDT)
$1.01
47.00 RSI
-0.29%
Hold
Stellar (XLM)
$0.09
52.00 RSI
3.27%
Hold
TRON (TRX)
$0.03
35.00 RSI
1.61%
Buy
Binance Coin (BNB)
$10.73
61.00 RSI
-0.36%
Hold
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