Bitcoin Will Drop Near $3,500 Before a Major Rally: Trader hutto

After achieving $ 4,097 in global average price according to data provided by Coinmarketcap.com, the bitcoin price has retraced to $ 4,027 and below the $ 4,000 mark in some major markets. As bitcoin fell by just over 1 percent against the U.S. dollar, the valuation of the crypto market declined from nearly $ 142 billion to $ 139 billion in a matter of hours. Speaking to CCN, a widely recognized cryptocurrency trader known to the community as “The Crypto Dog” said that bitcoin could still hit the $ 3,500 mark in the short-term and that the conditions of the market haven’t changed in the past

The post Bitcoin Will Drop Near $ 3,500 Before a Major Rally: Trader hutto appeared first on CCN

News – CCN

Bitcoin Price Slips at $4,000; A Minor Pullback Before a Major Rally?

Following a spike to $ 4,068 from the low $ 3,900 region, the bitcoin price has experienced a slight pullback to $ 4,000. While the price of bitcoin slightly differs from region to region, on average, bitcoin is currently being traded at $ 4,017. Against Tether (USDT) on Binance, bitcoin has dipped below the $ 4,000 mark to $ 3,975. Minor Pullback Before Promising Rally or Retest of Previous Bitcoin Supports? Following a 3 percent increase in the price of bitcoin, several traders expected the dominant cryptocurrency to undergo a minor pullback. For over three months, bitcoin has remained in a relatively tight range between $ 3,700

The post Bitcoin Price Slips at $ 4,000; A Minor Pullback Before a Major Rally? appeared first on CCN

News – CCN

Bitcoin Shorts Near Monthly High and it Could Trigger a Major Price Movement

Bitcoin shorts have increased significantly in recent weeks to a monthly high, an indicator that may suggest a decline in the confidence of investors in the dominant cryptocurrency. Shorts remain an unconvincing indicator of the sentiment in the cryptocurrency market because the take of analysts on the impact of short contracts on the price of Bitcoin differs quite regularly. Speaking to CCN, cryptocurrency technical analyst and trader “Hsaka” said that shorts do not necessarily reflect the sentiment of investors in the market. Short Squeeze a Possibility For Bitcoin? Generally, in most markets, investors associate shorts with a negative connotation because

The post Bitcoin Shorts Near Monthly High and it Could Trigger a Major Price Movement appeared first on CCN

News – CCN

Are Teslas Death Traps? Failing Brakes and Violent Fires Spark Major Fears

Telsa faces another barrage of scrutiny over its safety. Tesla and media outrage go hand in hand these days. It is usually because of something that Elon Musk has tweeted about the SEC, but occasionally it is because a Tesla vehicle is involved in a crash. As reported by Zero Hedge, yet another of Musk’s line of luxury electric cars has had a serious accident. With a history of major fires alongside accusations of “auto-pilot” failure, fatal Tesla crashes get an obscene amount of media coverage. Is it fair that Tesla gets raked over the coals every time something like

The post Are Teslas Death Traps? Failing Brakes and Violent Fires Spark Major Fears appeared first on CCN

News – CCN

Amazon’s Flailing China Unit Plots Major Merger to Challenge Alibaba

Talks are underway to merge Amazon’s Chinese venture with NetEase-owned Kaola, according to business publication Caijing. Kaola is a Chinese e-commerce firm which specializes in selling imports. The business publication added that an agreement had been inked late last year amidst difficult negotiations. NetEase is listed on the Nasdaq and boasts a market cap of slightly over $ 30 billion. Besides Kaola, the Chinese tech giant also develops internet content, including games for personal computers and mobile devices. Amazon China Chooses to Compete in a Niche Rather than Target Alibaba Directly Currently, Kaola is the biggest Chinese e-commerce firm that deals

The post Amazon’s Flailing China Unit Plots Major Merger to Challenge Alibaba appeared first on CCN

News – CCN

Breaking: Major Crypto Brokerage Coinmama Hacked, 450,000 Users Affected in Massive Worldwide Breach

Coinmama, one of the largest crypto brokerages in the global market with 1.3 million active users, suffered a security breach on February 15. The official statement of the exchange disclosed that 450,000 email addresses and passwords were leaked in a massive global hacking attack involving 24 websites and some 747 million records. The Coinmama team said: Today, February 15, 2019 Coinmama was informed of a list of emails and hashed passwords that were posted on a dark web registry. Our Security Team is investigating, and based on the information at hand, we believe the intrusion is limited to about 450,000

The post Breaking: Major Crypto Brokerage Coinmama Hacked, 450,000 Users Affected in Massive Worldwide Breach appeared first on CCN

News – CCN