Bloomberg Says Key Indicator Bullish on Bitcoin, XRP Hits Forex Exchange, and Tron Imposter Exposed: Crypto Update

Bitcoin

A key technical indicator suggests the price of Bitcoin has more room on the upside.

The VERA Convergence Divergence indicator “turned positive today for the first time in over two months, indicating this rally may take Bitcoin over the heavily resisted $4,000 level. The last time Bitcoin triggered a buy signal it gained $1,100 over the next 10 days,” reports Bloomberg.

The GTI VERA Convergence Divergence is designed to identify market reversals and exhaustion. It utilizes typical Moving Average Convergence Divergence (MACD) and looks to remove excess noise, using a proprietary theory called Volatility Explosion Relatively Adjusted (VERA).

Senior eToro market analyst Mati Greenspan says the recent crypto rally may be linked to JP Morgan’s new digital asset JP Morgan Coin.

“What some people have pointed to is that because they’re using distributed ledger technology, and they’re calling it a cryptocurrency, that could have a positive effect on the industry.”

XRP

Retail forex broker TradersWay says it just added XRP to its trading platform.

RIPPLE payments available now

TradersWay, a prime on-line FOREX and CFD broker, is pleased to offer a one more payment option to its clients – RIPPLE. The new money transfer option, added into… https://t.co/9H43Of97X8

— TradersWay (@TradersWay) February 19, 2019

TradersWay offers traders a place to buy and sell foreign currencies, a market currently valued at more than $5 trillion.

The company is following a trend of traditional forex brokers jumping into crypto. The world’s second largest forex broker, FOREX.com, also offers XRP and Bitcoin trading. SimpleFX and NordFX have also entered the crypto market.

Tron

The Tron community is warning people to stay away from a website, ending in “.com”, designed to look like the real Tronscan.org.

The discovery is another reminder that crypto investors, traders and enthusiasts should always double check site addresses before engaging with any crypto-related websites.

🚨⚠️If you use tronscan to store your #Trx make sure you are on https://t.co/6123oeQRXJ

There's a fake site which looks like the real Tronscan

BE CAREFUL#Tron #Trx #TronSociety@Tronfoundation pic.twitter.com/L0Jed9T94H

— Dave (Tron-Society) (@redpillblue) February 17, 2019

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.