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Bitcoin

Prominent Trader: Short-Term Bitcoin Price May Depend on South Korean Market

Posted on September 23rd, 2017.

Prominent bitcoin trader, investor, and researcher Tuur Demeester stated that the center mass for the bitcoin price would depend on the South Korean bitcoin exchange market in the short-term. Bitcoin’s center mass for price may be in South Korea now: largest SK exchange has more vol than Bitfinex + Bittrex. Resistance at ₩4.5M:...

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Bitcoin

Why Bitcoin Traders are Moving From China to Japan; Better Regulations

Posted on September 21st, 2017.

It has been less than two weeks since the nationwide ban on Chinese bitcoin exchange ban was finalized and already, bitcoin traders in the Chinese market are already moving to Japan. OKCoin and Huobi, two of the largest bitcoin exchanges in China that have been responsible for around 75 percent of bitcoin trades in the Chinese market,...

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Market Overview

Asian Market Update – Wednesday: Asian stocks mixed as investors await Fed’s monetary policy clue

Posted on September 20th, 2017.

The Big Question: Will the US Federal Reserve keep rates steady? Major Asian indexes were mixed at midday in Asia on Wednesday, as investors adopted a wait-and-see mood ahead of a meeting of the US Federal Reserve set for Wednesday afternoon US Eastern time, when the FOMC will announce its monetary policy stance on a press conference. In...

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Analysis

Why Prominent Bitcoin Researchers Perceive Chinese Exchange Ban Positively

Posted on September 17th, 2017.

Earlier this week, the People’s Bank of China (PBoC), the Chinese government, and its financial regulators have officially requested local bitcoin exchanges and trading platforms to halt their services by the end of September. OKCoin and Huobi, two largest exchanges in China, were granted leeway to operate until the end of October....

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Analysis

5 Things to Watch Next Week: The Fed, Crypto-Chaos, All-Time Highs in Stocks, FX-Volatility, Gold at $1300

Posted on September 17th, 2017.

1.            What’s Next for the Fed? All eyes will be on Wednesday’s FOMC meeting, as the central bank is expected to provide the details of its tapering plans. While the bond market predicts no rate hike from the Fed next week, the future of the bank’s balance sheet is at least that important for risk assets and the Dollar. The Bank...

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Analysis

The Bottom is Here? Bitcoin Price Hits $3000 then Storms to $3600

Posted on September 15th, 2017.

Yesterday’s crash continued unabated today, and it reached epic proportions as investors dumped all the major coins with both hands, before several Chinese exchanges (like OKcoin, Huobi) confirmed their (only) partial closure. The prior panic selling drove BTC below the $3150 support, then $3000 and the June all-time highs. With the coin...

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Market Overview

Asian Market Update – Friday: Coins point higher after turmoil on Thursday following platform closure in China

Posted on September 15th, 2017.

The Big Question: Will cryptocurrencies be able to offset recent losses? Prices of cryptocurrencies climbed overnight during the Asian trading session, trimming heavy losses from the previous day as investors appears to be shrugging off the impact of the closure of a major trading platform in China. Bitcoin prices gained 6.3 percent to...

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Analysis

Analysis: Bitcoin Price Crashes Below $3400, Ethereum Plunges to $225

Posted on September 14th, 2017.

The sky has fallen today in the cryptocurrency segment, as China took huge steps towards closing its domestic Bitcoin exchanges, in line with the recently surfaced rumors. The whole sector took a major beating on the confirmation, with Bitcoin and Ethereum leading the way lower. ETH, which is slightly more exposed to the Chinese...

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Analysis

China Ban Crashes Cryptocurrencies: $50 Billion Burned

Posted on September 14th, 2017.

Last Friday’s rumored Chinese crypto-exchange ban that pushed the segment into turmoil entered another phase today, as local regulators confirmed that the legislation is ‘certain’, and issued a verbal shutdown order to the local exchanges. The sector is in full panic mode today, and with the session’s added double...

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Analysis

Dimon: Bitcoin a Fraud, Worse Than Tulip Bubble

Posted on September 12th, 2017.

Bitcoin flash-crashed once again following Friday’s scary move, this time after the comments of a prominent Wall Street veteran, who slammed the currency today afternoon in New York. According to Bloomberg, the CEO of the bank said at an investment conference that Bitcoin won’t end well, (…) It’s a fraud” and “worse than...

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Market Overview

Asian Market Update – Tuesday: Coins Brush off Potential Commercial Trading Ban in China

Posted on September 12th, 2017.

The Big Question: Will cryptocurrencies survive China’s ban? Prices of cryptocurrencies climbed overnight during the Asian trading session, despite looming news reports out of China that virtual currency trading might be banned in the world’s second-largest economy. Bitcoin prices gained a slight 0.72 percent to $4,237.69 before midday....

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Analysis

Cryptocurrency Analysis: Coins Stabilize But China Doubts Persist

Posted on September 11th, 2017.

The scary decline that started on Friday didn’t cause major technical damage in the most important coins, as the prior correction lows mostly held so far. The most watched Bitcoin stayed above the crucial $4000 level, and it’s now back near $4200 thanks to today’s modest rally. With the long-term pressures still being generally bearish,...

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Analysis

Flash Crash in Crypto-World as China Plans Crackdown on Exchanges

Posted on September 8th, 2017.

The major coins fell in synchronized fashion yet again an hour ago, just after the market recovered at least some of the ICO-ban losses. The move was triggered by another Chinese regulatory crackdown this time on the crypto-exchanges that threatens (Chinese source: Caixin) with the closure of local exchanges. While the segment was...

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Ethereum

Ethereum (ETH) Consolidates After China’s ICO Ban

Posted on September 7th, 2017.

Ethereum (ETH) prices stabilized on Wednesday after plunging to three-week lows on news that China has officially banned initial coin offerings (ICOs). China’s ICO Crackdown Lays Waste to Ether The ETH/USD exchange rate crashed nearly 30% through Monday after China’s financial regulators ordered a halt to ICOs. Seven...

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Market Overview

Asian Market Update – Wednesday: Cryptocurrencies recover from earlier sharp falls

Posted on September 6th, 2017.

The Big Question: Will governments and regulators be able to stop the rise of digital currencies? Crytocurrencies appear to have regained its footing overnight during the Asian trading session, trimming massive losses from a free fall in the past couple of days after China issued a ban on ICOs. The price of bitcoin rebounded from a low...

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Market Overview

Asian Market Update – Tuesday: Cryptocoins continue downward trend after steep fall on Chinese ban

Posted on September 5th, 2017.

The Big Question: Is China’s ICO ban a trigger for correction of coin prices? It was not a good day for coin traders by any stretch of imagination. On Monday, following a ban on any type of cryptocoin fundraising, or ICO, by Chinese officials, prices for both bitcoin and ethereum tumbled as much as 20 percent. The downward trend...

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Market Overview

Asian Market Update – Friday: Asian stocks rose on regional manufacturing data

Posted on September 1st, 2017.

The Big Question: How solid are the fundamentals for Asia-Pacific equity markets? Major equity markets in Asia Pacific traded on a positive note on the last trading day of the week, after a slew of data on manufacturing activity for August were released in China, Japan and South Korea. In Japan, after the Japan manufacturing PMI was...

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Bitcoin

Bitcoin Prices Stable Near Record as Markets Eye $5,000

Posted on August 31st, 2017.

Bitcoin edged higher on Thursday, as investors set their sights on a new milestone amid conflicting signals in the broader cryptocurrency market. Bitcoin Hovers Near Record Territory The value of bitcoin (BTC/USD) climbed 1% to $4,624.00 Thursday morning, pushing its market cap to roughly $73 billion. The BTC has broken out of a trading...

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Analysis

ICO Analysis: Red Pulse

Posted on August 28th, 2017.

Many people reading this will share the author’s interest in Asian markets, specifically China, where it seems virtually anything can be produced for less. Competitive labor is not the only thing about China that interests us: their vast population and language also mystify many of us. Trying to invest in China or do business with China...

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Analysis

Round-Up: What’s The Buzz Around NEO?

Posted on August 14th, 2017.

NEO has been crushing it lately, outpacing Litecoin and Dash in terms of growth and quickly pushing toward the top of the capitalization charts. Dubbed the “Chinese Ethereum,” NEO is almost entirely new to veteran Bitcoin and other cryptocurrency traders. Trading at just under $20 on August 9th, not even a week later we’re dealing with...

The team:
Dmitriy Lavrov
Analyst
Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years of trading experience. He covers Forex, Commodities and Cryptocurrencies. He is among the top 10 most Read More
Jonas Borchgrevink
Founder
Jonas Borchgrevink is the founder of Hacked.com and CryptoCoinsNews.com. He is a serial entrepreneur, trader and investor. He shares his own personal journey on Hacked.com.
Mate Csar
Analyst
Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive Read More
Mati Greenspan
Analyst
Senior Market Analyst at Etoro.com.
Rakesh Upadhyay
Analyst
Rakesh Upadhyay is a Technical Analyst and Portfolio Consultant for The Summit Group. He has more than a decade of experience as a private trader. His philosophy is to use Read More
Pamela Meropiali
Account Manager
Pamela Meropiali is responsible for users on Hacked.com.
Joseph Young
Journalist
Joseph Young is a finance and tech journalist & analyst based in Hong Kong. He has worked with leading media and news agencies in the technology and finance industries, offering Read More