For more latest news update Cryptocurrency training Crypto trading signals & automated trading software join below given telegram channel
https://play.google.com/store/apps/details?id=com.freecryptosignals.app
Join- https://t.me/btctradingclub
Join- https://t.me/freebitmexsignals
Ethereum continues to see a massive increase in contrast to the stagnant and continuous bearish trend of the crypto market. The recent gains experienced by Ethereum made it the best performing of the top cryptocurrencies in the past 30 days. Ethereum had seen gains as it attempts to recover the huge loss it took when the crypto market took a huge plunge in November.
The plunge that struck the crypto market in November saw the value of ethereum drop from around the mark of $220 to $80 and equally lost its position as the second-rated cryptocurrency to Ripple’s XRP within the same period. However, throughout the past three weeks, it has seen a considerable reversal in value as there has been about 80 percent gain. The gains from the $80 mark to $159 as at report time. Also, on the 2nd of January, the cryptocurrency overtook Ripple’s XRP, taking back its second position among other cryptocurrencies
The Reason For The Drastic Gains of Ethereum
The drastic gains that the cryptocurrency has gained has made crypto enthusiasts to adduce the recent success to the impending hard fork that is already scheduled to take place on January 16.
Alex Krüger, an economist and a cryptocurrency trader, stated through a tweet on the eve of Christmas, 2018 that “Ethereum’s Constantinople fork is coming on block 7080000, around January 16, 2019. Constantinople will reduce the block rewards from 3 to 2, decreasing new ETH supply accordingly. On the long run, this is decidedly bullish.”
The historical record of Ethereum’s hard fork has led to an increase in its value afterward. Ahead of the hard fork, the cryptocurrency has seen a boost because of the possibility of positive gains after the hard fork has taken place.
Can Ethereum Surpass $200 Ahead of its Hard Fork on January 16th
The cryptocurrency increase to the value of $200 will see it near the mark it was in November 2018 before it took the deep plunge with other cryptocurrencies. This will make the cryptocurrency distinctive in the market.
The progress Ethereum has made in the past couple of days and the historical antecedent of increase after a hard fork has taken place has increased the interest of investors in the cryptocurrency ahead of January 16. With the recent move in the past days, reaching the mark of $200 before the set date at this point looks possible.
For more latest news update Cryptocurrency training Crypto trading signals & automated trading software join below given telegram channel
https://play.google.com/store/apps/details?id=com.freecryptosignals.app
Join- https://t.me/btctradingclub
Join- https://t.me/freebitmexsignals
The two events in the first two days of the trading in 2019 have dragged down nearly every index in the United States
The utmost question doing the round currently is whether it is worth investing in cryptocurrencies, especially Bitcoin, which is the most valuable digital coin. This is because of some weakness was seen in the stock market in the current week following the weak economic data, as well as, the warning issued by Apple on iPhone sales, which could miss expectations. On the hindsight, it looks like the new asset has an edge after having suffered the most in 2018.
Twin Blow
There was a twin blow for the stock markets, and both have the origin of China. However, cryptocurrencies movement does not depend on either China or its encouragement currently because of a ban of digital coins in any form in the country. In short, there is little dependence on the biggest economy of the world to promote the new age asset class. This would mean that any unfavorable events or economic weakness in China will not have any impact either on bitcoin or on any other cryptocurrencies.
However, the same cannot be said about the stock markets. This was due to the drop in PMI to a contraction territory and Apple’s warning about weak iPhone sales due to people preferring repairs rather than new phones and weaker than expected sales in China. Significantly, this weak scenario came amidst the trade disputes tension between the country and the United States threatening to deteriorate the condition further. As far as cryptos are concerned, the trade tensions have got little impact either currently or in the upcoming periods.
Major Indices Fall
The two events in the first two days of the trading in 2019 have dragged down nearly every index in the United States. For instance, Nasdaq Composite Index fell 3.04 percent on Thursday while Dow Jones Industrial Averages and S&P 500 fell 2.83 percent and 2.48 percent respectively. The biggest drop happened in PHLX Semiconductor and NASDAQ Computer Indexes by 5.94 percent and 5.03 percent respectively. While Oil index slipped 0.86 percent, gold and silver index advanced 1.73 percent.
Green in the 7-Day Period
On the other hand, nine out of the top ten cryptocurrencies are trading in the green in the seven-day period with bitcoin gaining 5.03 percent despite losing 1.0 percent in the 24-hour period. Ethereum gained the most among the top ten with 31.96 percent including 1.76 percent advancement in the 24-hour period. Though bitcoin cash has lost 2.82 percent in the 24-hour period, the digital coin gained 9.73 percent in the seven-day period. Similarly, EOS jumped 16.65 percent in the one-week period even after losing 2.89 percent during the 24-hour period.
Though these cannot be termed as favorable completely, the fact is that cryptos, especially, bitcoin, remain the potential bet to gain if the stocks continued its downtrend. Possibly enough, Bitcoin can become a ‘Safehouse’ for all stock market traders in near future.
For more latest news update Cryptocurrency training Crypto trading signals & automated trading software join below given telegram channel
https://play.google.com/store/apps/details?id=com.freecryptosignals.app
Join- https://t.me/btctradingclub
Join- https://t.me/freebitmexsignals
Despite increased pressure on the crypto sector, he believes it’s going to be a year of progress for business, adoption and smart contracts.
With the new year now thoroughly welcomed in, businessman Fred Wilson believes the crypto market will bottom in 2019, entering a “new bullish phase,” according to a recent statement.
The early Twitter and Tumblr investor welcomed in the new year on his blog, before laying out his predictions for 2019. They’re not quite the chipper aphorisms smattering the New Years’ cards, but crypto will nevertheless experience several promising developments this new year, according to him.
First up, Wilson predicts that the US will receive a new president by the end of 2019, and that the S&P 500 would likely hit 2,000, where he expects it to stay for most of the year. He also said that it could take most of 2019 to find the bottom on crypto-tokens.
“I expect we will see some bullish runs, followed by selling pressures taking us back to retest the lows. I think this bottoming out process will end sometime in 2019 and we will slowly enter a new bullish phase in crypto.”
How will this ‘bullish phase’ come about? Wilson believes 2019 will be the year in which many promises made in 2017 are fulfilled, specifically the launch of “big name projects,” (such as Protocol Labs’ Filecoin project), and ‘next-gen’ smart contract platforms that will “challenge Ethereum for leadership in this super important area of the crypto sector.”
He continued that he also expects Ethereum’s open source community to “ship a number of important improvements to its system in 2019 and defend their leadership in the smart contract space,” and expects to see “meaningful progress” for stablecoins, cryptoassets and gaming, and earn-spend opportunities overseas.
The crypto sector will see its fair share of pressure, though, particularly from regulators and fraudulent schemes.
“The area I am most concerned about are actions brought by misguided regulators who will take aim at high quality projects and harm them. And we will continue to see all sorts of failures, from scams, hacks, failed projects, and losing investments be a drag on the sector.” he wrote. Even so, he remains “incredibly optimistic” about 2019,
“That is always the case with a new emerging technology that allows anyone to set up shop and get going.” he continued. “Permissionless innovation produces the greatest gains over time but also comes with the inevitable bad actors and actions.”
For Wilson, it’ll be a case of taking crypto with a pinch of salt over this next year. Whether from progress or pressure, he’s convinced “it is going to be a doozy.”
For more latest news update Cryptocurrency training Crypto trading signals & automated trading software join below given telegram channel
Join- https://t.me/btctradingclub
Join- https://t.me/freebitmexsignals
https://play.google.com/store/apps/details?id=com.freecryptosignals.app
Tech companies such as Amazon and Apple have announced billion-dollar real estate projects in recent weeks; now Google is joining the fray. This morning the search engine giant announced it was investing $1 billion to establish a new 1.7-million-square foot campus in Manhattan’s West Village neighborhood. The campus will be focused around 315 and 345 Hudson St., where Google has signed lease agreements, and at 550 Washington St., where it has signed a letter of intent.
Called Google Hudson Square, it will be the primary location for its New York-based operations.
Google, of course, already has a robust presence in New York City; the company has been here for close to twenty years and now employs some 7,000 local workers. Earlier this year, it announced the $2.4 billion purchase of the Manhattan Chelsea Market and also announced plans lease additional space at Pier 57.
According to a blog post by Google, the company hopes to start moving into the two Hudson Street buildings by 2020, followed by 550 Washington Street in 2022 once the building is complete.
With these investments, Google will have the capacity to more than double the number of its employees in New York over the next 10 years to 14,000.
“Our investment in New York is a huge part of our commitment to grow and invest in US facilities, offices and jobs, writes CFO Ruth Porat in the post. “In fact, we’re growing faster outside the Bay Area than within it, and this year opened new offices and data centers in locations like Detroit, Boulder, Los Angeles, Tennessee and Alabama.”
“And as we continue to grow across the country, we look forward to calling New York City home for many years to come.”
