CNBC’s Top Technician Bullish on Bitcoin, Says Fourth Bounce Coming – Plus Ethereum, XRP, Stellar, Tron, IOTA
From new analysis on Bitcoin’s pullback to a boost for XRP and Stellar Lumens, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin
Carter Worth, also known as the “Chart Master” of CNBC’s Fast Money, says Bitcoin’s recent pullback is giving traders a chance to get long.
According to Worth, Bitcoin is following an orderly trendline that has bounced three times before and indicates a fourth bounce is on the way.
“It has been a well-defined trendline and it has found that trendline repeatedly. And the sell-off today – it’s a four-session sell-off – peaked a trough of 30%… The lows should stand as major lows in December. And this pullback, 30%, I think it’s an opportunity to get long if you’re not long already.”
Worth says Bitcoin’s pullback from around $14,000 is key to keeping the leading crypto on a healthy trajectory going forward.
“I like the pullback. I think that’s key. Because the pullbacks are what actually keep it going because you’re shaking people out. You’re hurting people every time you pullback who won’t come back again or who maybe will when it’s much higher.”
Ethereum
Key developers behind Ethereum’s scaling solution known as Ethereum 2.0 have finalized an outline of the main features that will be included in the upgrade.
The much-anticipated update is designed to dramatically boost the number of transactions the Ethereum blockchain can handle per second.
Eth2 spec release v0.8 — SubZero
The phase 0 spec freeze is here! Thank you to everyone for all of the incredible work that has gone into thishttps://t.co/XuSHr4NCnP
— dannyryan (@dannyryan) July 1, 2019
XRP and Stellar
Falcon Private Bank is now letting its customers trade and custody both XRP and Stellar Lumens (XLM).
Founded in 1965, the Swiss bank provides private banking and wealth management services for high-net-worth individuals and investment companies worldwide. It was one of the first banks in the world to officially begin managing blockchain-based assets for its customers back in July 2017.
Proud to introduce trading and custody for XRP and Stellar Lumens.
Discover our full range of blockchain solutions: https://t.co/u6gdkKUFCC@falconpb #blockchain #XRP #XLM #Crypto #agileprivatebanking pic.twitter.com/SjLLSQ4Jox— Falcon Private Bank (@falconpb) June 27, 2019
Tron
Tron has launched its testnet for BitTorrent’s blockchain-based rewards system. The file-sharing platform is being redesigned to reward users in the Tron-based cryptocurrency BTT for sharing content.
We were able to build a testnet in a very short amount of time and we are excited to recieve the community’s support and feedback! In the future, #BTFS will be integrated with #TRON blockchain and #BTT ecosystem. #TRX $TRX $BTT #BitTorrent https://t.co/stuwooJKhD
— Justin Sun (@justinsuntron) July 2, 2019
IOTA
IOTA has officially released its long-awaited Trinity wallet on iOS, Android, Windows, Mac and Linux. Features include hardware wallet compatibility, global language support, QR code scanning and biometric authentication.
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