Bitcoin enters another parabolic advance as Bitfinex premiums fall to 1.5%

Over the last week, we have seen a Bitfinex premium build and then drop from between 6% to its current 1.5%, meaning the price gap between itself …

Bitcoin has broken out again as it continues along its short-term parabolic advance to fully retrace the November 2018 capitulation event.

One piece of news that is acting as fuel to propel the current trajectory is that non-Tether backed exchanges have now closed the Bitcoin price gap to under $100 between them and Bitfinex, which is currently in the midst of a legal challenge from US authorities.

Bitcoin going parabolic again, after completing 100% up-move from it’s $3,100 (local) bottom from Bitcoin

Not the first Bitcoin correction

Since the project’s inception, price action for Bitcoin has seen 13 separate corrections of over 30% in price (in USD terms). The most recent of which took BTC price from a $20,000 top all the way down over 80% to settle at its most recent low of $3,100 in December 2018.

One common factor through all the ups and downs has been a pattern of higher highs and significantly higher lows for each of its subsequent corrections. Another key factor to note during the history of the now decade-old asset class is a growing list of HODLers.

This large and growing group of believers in an open-finance protocol have been battle-hardened through a cycle of various bull/bear markets to preserve their economic stake in a future ecosystem that they believe to be free, global, and open to all.

When time warp? pic.twitter.com/c9wrmgBEST

— Edward Morra (@edwardmorra_btc) May 10, 2019

Bitcoin’s latest parabolic rise is reminiscent of prior bull runs, as they too were filled largely with bad news and anxiety in the early stages of the trajectory.

Over the last week, we have seen a Bitfinex premium build and then drop from between 6% to its current 1.5%, meaning the price gap between itself and its rivals like BitMEX, Coinbase, and Gemini has fallen sharply. To add to this ongoing legal and proof of reserve debacle, the market has also witnessed the first major hack of Binance.

Binance’s hack saw the loss of around 7,000 Bitcoin. However, history shows that any potential re-org debate is a non-starter from the get-go, as the Bitcoin market has once again stood firm to preserve its 10-year immutability claim.



By Nawaz Sulemanji – May 10, 2019

Back in 2017, the main rhetoric prior to the bull run involved fear about how the community and exchanges would deal with a chain split (which eventually took place as the Bitcoin Cash fork) and also a scaling dilemma that was resolved through the UASF and NO2X incidents.

Where next?

Following a break above $6,200, the market will most likely look to wait and see what support may form above this historically relevant support/resistance band. If margin shorts continue to get squeezed at places like Bitfinex, we can expect them to potentially support the current upwards trend in the markets.

If the parabolic advance continues, prior targets look to suggest that a five-figure valuation may not be as crazy as it sounded just a few weeks ago. However, a period of sideways action is more likely, as both bullish and bearish traders may give some short-term gains back to the exchanges that let them play around with high leverage.

For more news, technical analysis, and cryptocurrency guides, click here.

The post Bitcoin enters another parabolic advance as Bitfinex premiums fall to 1.5% appeared first on Coin Rivet.

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ICO SPOTTERS Publishes Guide on Top 7 Best Coinbase Alternatives and Competitors

Peoria, AZ, May 10, 2019 –(PR.com)– ICO SPOTTERS has published their 2019 guide for the top Coinbase alternatives and cryptocurrency …
ICO SPOTTERS Publishes Guide on Top 7 Best Coinbase Alternatives and Competitors

Peoria, AZ, May 10, 2019 –(PR.com)– ICO SPOTTERS has published their 2019 guide for the top Coinbase alternatives and cryptocurrency exchanges. While no “best cryptocurrency exchange” exists, alternatives to Coinbase do, and this comprehensive article details the major players outside the Coinbase platform.

As people think of options to buy and sell cryptocurrencies, they naturally think of Coinbase, the market leader, with its platform of over 11 million users across 38 million currency markets. It has a reputation for being trustworthy, but not all customers are satisfied. Fortunately, many alternatives exist to Coinbase, especially those looking for a wider selection of digital currencies, lower fees, or other advantages.

Determining what is important to you will help you pick the best exchange for your current needs. ICO SPOTTERS’ list of some of the best Coinbase alternative exchange sites, which all scored exceedingly well in ICO SPOTTERS’ review, include:

1. Binance

2. Kraken

3. Changelly

4. Gemini

5. Coinmama

“We have spent a lot of time researching the best Coinbase alternatives and Coinbase’s competitors, for our readers and we are excited to share this list,” commented Adam Carlson, Director of Marketing for ICO Spotter. “So many other options exist and it is important that users find the platform that is right for every trader.”

For more information on each exchange or to view a comprehensive list of alternatives that might suit your unique needs as well as reviews of the best hardware wallets, exchanges, ICOs and more, please visit ICOSpotters.com.

About ICO SPOTTERS

Listing an ICO on ICO Spotters is simple, easy and fast. Each ICO is listed by category and by blockchain to make it as easy as possible for interested investors to find a project that interests them. Each listing on ICO Spotters website includes information about the ICO, videos, and links to important information investors may be interested in such as the ICOs whitepaper. Listing an ICO on ICO Spotter is a smart move that gives your company a way to reach hundreds to thousands of investors and raise the money you need to create a successful blockchain project. It makes it easier for your investors to find all of the information in one place.

To learn more about ICO Spotters and get your ICO listed, please visit, https://icospotters.com today.

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Hxro (HXRO) One Day Trading Volume Reaches $3558.00

One Hxro token can currently be bought for about $0.0582 or 0.00000927 BTC on exchanges including Bittrex and IDEX. Hxro has a total market …

Hxro (CURRENCY:HXRO) traded down 1.2% against the dollar during the 1-day period ending at 0:00 AM E.T. on May 9th. Over the last week, Hxro has traded down 13.4% against the dollar. One Hxro token can currently be bought for about $0.0582 or 0.00000927 BTC on exchanges including Bittrex and IDEX. Hxro has a total market capitalization of $3.74 million and $3,558.00 worth of Hxro was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed over the last day:

  • XRP (XRP) traded 0.6% lower against the dollar and now trades at $0.30 or 0.00004764 BTC.
  • Tether (USDT) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00015917 BTC.
  • Binance Coin (BNB) traded down 7.7% against the dollar and now trades at $19.11 or 0.00304525 BTC.
  • Stellar (XLM) traded down 3.3% against the dollar and now trades at $0.0911 or 0.00001452 BTC.
  • TRON (TRX) traded 3.6% lower against the dollar and now trades at $0.0235 or 0.00000374 BTC.
  • Bitcoin SV (BSV) traded 1% lower against the dollar and now trades at $57.20 or 0.00911614 BTC.
  • COZ (COZ) traded 26.7% higher against the dollar and now trades at $0.22 or 0.00004541 BTC.
  • NEO (NEO) traded 2% lower against the dollar and now trades at $8.79 or 0.00140009 BTC.
  • Crypto.com Chain (CRO) traded down 2.3% against the dollar and now trades at $0.0698 or 0.00001113 BTC.
  • Basic Attention Token (BAT) traded down 3% against the dollar and now trades at $0.30 or 0.00004817 BTC.

About Hxro

Hxro’s total supply is 1,575,000,000 tokens and its circulating supply is 64,249,443 tokens. The official message board for Hxro is medium.com/@hxromedia. Hxro’s official Twitter account is @RealHxro. Hxro’s official website is www.hxro.io.

Hxro Token Trading

Hxro can be traded on the following cryptocurrency exchanges: IDEX and Bittrex. It is usually not possible to purchase alternative cryptocurrencies such as Hxro directly using U.S. dollars. Investors seeking to trade Hxro should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Hxro using one of the aforementioned exchanges.

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Obyte (GBYTE) Price Up 2.1% This Week

One Obyte coin can currently be purchased for approximately $44.03 or 0.00702000 BTC on major cryptocurrency exchanges including Bittrex, …

Obyte (CURRENCY:GBYTE) traded down 3.3% against the dollar during the 1-day period ending at 23:00 PM Eastern on May 9th. One Obyte coin can currently be purchased for approximately $44.03 or 0.00702000 BTC on major cryptocurrency exchanges including Bittrex, Cryptopia and UPbit. Obyte has a total market capitalization of $29.90 million and $19,415.00 worth of Obyte was traded on exchanges in the last day. During the last week, Obyte has traded up 2.1% against the dollar.

Here’s how related cryptocurrencies have performed during the last day:

  • XRP (XRP) traded 2.1% lower against the dollar and now trades at $0.29 or 0.00004699 BTC.
  • Tether (USDT) traded 0.4% lower against the dollar and now trades at $1.00 or 0.00015889 BTC.
  • Binance Coin (BNB) traded 10.2% lower against the dollar and now trades at $18.65 or 0.00297297 BTC.
  • Stellar (XLM) traded down 5.5% against the dollar and now trades at $0.0894 or 0.00001426 BTC.
  • TRON (TRX) traded down 7.9% against the dollar and now trades at $0.0224 or 0.00000358 BTC.
  • Bitcoin SV (BSV) traded 1.1% lower against the dollar and now trades at $57.15 or 0.00911346 BTC.
  • IOTA (MIOTA) traded down 2.2% against the dollar and now trades at $0.27 or 0.00004352 BTC.
  • COZ (COZ) traded 26.7% higher against the dollar and now trades at $0.22 or 0.00004541 BTC.
  • NEO (NEO) traded down 6.3% against the dollar and now trades at $8.45 or 0.00134641 BTC.
  • Maker (MKR) traded down 5.2% against the dollar and now trades at $520.96 or 0.08305446 BTC.

Obyte Profile

Obyte (CRYPTO:GBYTE) is a coin. It was first traded on December 25th, 2016. Obyte’s total supply is 1,000,000 coins and its circulating supply is 679,008 coins. Obyte’s official website is obyte.org. Obyte’s official Twitter account is @

and its Facebook page is accessible here. The official message board for Obyte is medium.com/byteball. The Reddit community for Obyte is /r/byteball and the currency’s Github account can be viewed here.

Obyte Coin Trading

Obyte can be bought or sold on these cryptocurrency exchanges: Bittrex, UPbit and Cryptopia. It is usually not possible to purchase alternative cryptocurrencies such as Obyte directly using US dollars. Investors seeking to trade Obyte should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Obyte using one of the exchanges listed above.

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Emercoin (EMC) Market Capitalization Reaches $9.90 Million

One Emercoin coin can currently be bought for about $0.23 or 0.00003615 BTC on cryptocurrency exchanges including Bittrex, Tux Exchange, …

Emercoin logoEmercoin (CURRENCY:EMC) traded down 5.4% against the dollar during the 24 hour period ending at 0:00 AM ET on May 9th. In the last seven days, Emercoin has traded 19.2% lower against the dollar. One Emercoin coin can currently be bought for about $0.23 or 0.00003615 BTC on cryptocurrency exchanges including Bittrex, Tux Exchange, Cryptopia and HitBTC. Emercoin has a total market cap of $9.90 million and $76,601.00 worth of Emercoin was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

  • BitcoinDark (BTCD) traded flat against the dollar and now trades at $16.23 or 0.00246929 BTC.
  • Experience Points (XP) traded 25.7% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Internet of People (IOP) traded down 1.5% against the dollar and now trades at $0.0858 or 0.00001369 BTC.
  • Sprouts (SPRTS) traded down 1.3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • MAZA (MAZA) traded flat against the dollar and now trades at $0.0003 or 0.00000005 BTC.
  • BitTokens (BXT) traded 0.2% higher against the dollar and now trades at $0.53 or 0.00007883 BTC.
  • Neutron (NTRN) traded 20.1% lower against the dollar and now trades at $0.0063 or 0.00000101 BTC.
  • PX (PX) traded flat against the dollar and now trades at $0.0010 or 0.00000015 BTC.
  • Universal Currency (UNIT) traded flat against the dollar and now trades at $0.0063 or 0.00000154 BTC.
  • Breakout (BRK) traded flat against the dollar and now trades at $0.0052 or 0.00000099 BTC.

Emercoin Coin Profile

Emercoin is a PoW/PoS coin that uses the SHA-256 hashing algorithm. Its genesis date was December 8th, 2013. Emercoin’s total supply is 43,814,900 coins. Emercoin’s official Twitter account is @EmerCoin_EMC. Emercoin’s official website is emercoin.com. Emercoin’s official message board is emercointalk.org. The Reddit community for Emercoin is /r/EmerCoin and the currency’s Github account can be viewed here.

Buying and Selling Emercoin

Emercoin can be bought or sold on the following cryptocurrency exchanges: Tux Exchange, Crex24, Bittrex, CoinExchange, LiteBit.eu, Livecoin, HitBTC, Cryptopia, Upbit and xBTCe. It is usually not possible to buy alternative cryptocurrencies such as Emercoin directly using U.S. dollars. Investors seeking to trade Emercoin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Emercoin using one of the aforementioned exchanges.

Receive News & Updates for Emercoin Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for Emercoin and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter.

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