There’s no doubt that you have found yourself at an awesome time to start learning about cryptocurrencies. 2018 is set to be a fantastic year for these digital tokens, and there are riches to be made from investing in them.
The only downside to these coins is their volatility and the amount of sources to read about them. For this reason, we have put together a list of the most trusted news websites to stay afloat of what’s happening in the market.
Table Of Contents
- 1 Best Sources For Cryptocurrency News & Resources
- 2 Cryptocurrency News Aggregators
- 3 Cryptocurrency Influencers to Follow on Social Media
Best Sources For Cryptocurrency News & Resources
Read on as we break it down for you.
CoinDesk is one of the most popular news sites for feeling the pulse of the cryptocurrency market. The platform features its popular price index that shows the market price for Bitcoin across the most popular exchanges.
CoinDesk was started in 2013 by Shakil Khan and was subsequently purchased by the Digital Currency group in January of 2016. Every 3 months, CoinDesk posts a comprehensive report that goes over the market trends and events in private and public blockchain spheres.
CoinDesk is a new website, and as such, it is compatible with a diversity of different devices like desktop computers through to mobile phones. However, the CoinBase Android and iOS app will probably be your best option if you want to stay up to date on the latest news and its price movements.
Bitcoin Magazine is another great online publication — even though it doesn’t come with a mobile phone application. Bitcoin Magazine was started in 2012 by Vitalik Buterin and Mihai Alisie. These two individuals were responsible for pioneering news and magazine publications for Bitcoin and other currencies. The brand is controlled by the BTC Media group that is located in Tennessee, United States.
Bloconomi claims to be a source of information that is geared towards benefiting its readers. The brand’s concept came out of confusion that people feel when they learn about the cryptosphere for the first time. As such, Blockonomi has various pieces of featured content on its site that one can quickly skim through to get a better level of understanding for what’s happening in the market.
Going by the sheer amount of visitors that Bitcoin.com gets on a daily basis, this website is by far the most trafficked, as it attracts millions of new readers per month. Its domain and branding certainly helps position it as a leader in its field. Bitcoin.com has also been the original news source for years and has been a great resource for curating news stories for the Bitcoin community.
Bitcoin.com is owned and operated by Roger Ver, who was an early Bitcoin investor. Ver invested a significant amount of his own money into Bitcoin, long before the media frenzy of 2017 and today. Roger was one of the main people behind the Bitcoin Cash hard fork.
Due to the owner’s interests in Bitcoin Cash, the site appears to feature more content about BCH than its Bitcoin predecessor.
CoinTelegraph is one of the major players in the news market for Bitcoin. CT covers the major events in the market, and publishes a huge amount of content every month. The team at Cointelegraph consists of a staple of writers and editors who are able to write in a variety of languages including English, Korean, Japanese and more.
CNN and other traditional news outlets have taken a heavy interest in the reporting of cryptocurrencies. For example, CNN purchased the domain Cryptocoinnews.com and redirected back to their financial portal. From its beginnings in 2013, it has established itself as an authoritative source for news and gains more than 100k new visitors per day with its blend of content.
CNN also puts its partner sited Hacked.com to good use, as this site serves up daily trading tips and features articles on the most notable initial coin offerings (ICOs).
TheMerkle was started in 2014 and has become one of the main commercialized news platforms. It contains posts that are both promotional and informational in nature, as well as keeping their readers up to date with the latest news. Unlike the corporations like CNN, TheMerkle only has a small team of writers who still manage to post at least 10 new articles per day.
Bitcoinist has a focus on Bitcoin, as well as the latest developments in the cryptocurrency market. The platform has one of the largest audiences of any of the sites we have discussed on this list, and its writing is high quality and investigative in nature. One defining feature of Bitcoinist is that their posts are typically shorter than its competitors, making them good for a quick read when you want to keep up to date with what’s happening.
CNBC and Forbes
Both CNBC and Forbes have slowly turned their attention towards the world of cryptocurrencies. These outlets have been publishing a large amount of content on a daily basis, and are competing successfully to be considered the number one resource for cryptocurrency news.
One great thing about CNBC and Forbes is that their content looks very authoritative and is high quality thanks to their standards of journalistic integrity.
If you didn’t know already, Reddit is one of the main websites for crowd-sourced content creation. It’s also a place where people come together to post in subreddits about niche topics, which includes Bitcoin.
It’s this decentralized nature of Reddit that allows it to circulate breaking news about Bitcoin and the blockchain as a whole. For example, if Litecoin suddenly surged in price, then you could go to /r/Litecoin and read a bunch of topics posted by redditors to explain the bull run. That’s just some of what Reddit can offer you, as there are hundreds of subreddits that each caters to a specific niche.
Some of the most popular sections include:
For those who appreciate good video content, there are two channels that you should subscribe to: Boxmining and Ivan on Tech. These Youtubers produce quality content on a regular basis, and their channels are informative and unbiased.
Boxmining publishes the latest cryptocurrency news and analyses the price of these coins daily. He apparently has some insider connections in China that gives him an edge when it comes to the regulatory landscape in that country.
Ivan on Tech provides a different type of value. He is a programmer by profession and uses his expertise to outline the ecosystem of cryptocurrencies in a way that’s easy to understand as well as being insightful.
Cryptocurrency News Aggregators
The benefit of using a news aggregator for cryptocurrencies is that it can save you time and energy visiting all of these sites daily. An aggregator syndicates content across the web on the crypto sphere and puts them in one easy to read location.
#1 Bitcoin Agile – BitcoinAgile.com
Bitcoin Agile grabs content from all around the web and curates to a single page. The platform includes sources from the BBC, NYT, Wall Street Journal and other publications. You can easily get a snapshot of what’s going on in the market just by visiting their website.
#2 Coin Spectator – CoinSpectator.com
Another website to use for a glimpse of what’s going in the world of cryptocurrencies. Coin Spectator uses over 100 news sources to stay informed.
#3 GeekWrapped – GeekWrapped.com
This platform covers more than just cryptocurrencies, as it covers science and technology too. Geek Wrap organizes feeds, charts, and even Reddit threads together for quick consumption.
Cryptocurrency Influencers to Follow on Social Media
If you are an active user of social media, here are some top accounts to follow.
Andreas Antonopoulos specializes in information security. He is also a self-proclaimed hacker, pacifist and author. Antonopoulos has a hand in the future of Bitcoin and its crypto derivatives. He has published many works that relate to cryptocurrencies: Mastering Bitcoin and The Internet of Money. He also hosts a regular podcast called Let’s Talk Bitcoins, and advises a diversity of startups on blockchain technology. https://twitter.com/aantonop
Derin is the owner of Richtopia, a company with the mission to enrich its customers lives through entrepreneurship and innovation. He is also a lecturer and has authored several books and business ventures. He is the owner of the Blockchain Age and Marketing Runners. The Blockchain Age is a digital consultancy for blockchain research, while Marketing Runner offers advisory services to medium and large enterprises. https://twitter.com/DerinCag
Brock Pierce is the managing director at Blockchain Capital, and is an executive at the Bitcoin Foundation. His involvement in the Bitcoin and crypto ecosystem gives him a unique position among the most notable cryptocurrency influencers. His expertise has awarded him advisory positions within several companies, especially for those that specialize in the development of the blockchain. https://twitter.com/brockpierce
Cary is the president and partner at Blockchain. He also chairs Youth Business USA. His participation in the market has earned himself many investments in the Bitcoin environment, and has been invited to conferences and events that relate to digital assets. https://twitter.com/niccary
She is the CEO and Founder at the Fintech Circle, which is a company that has a focus on digital investments. She is also the author of the Fintech Book and chairwoman of Fintech Circle Innovate. Her strong credentials in financial technology has made her an authoritative entrepreneur, investor, and mentor. https://twitter.com/SusanneChishti
Draper is a well-regarded venture capitalist and is the managing director at Draper Fisher Jurvetson. He also the founder and chairman at the Draper University. His contributions to the cryptocurrency market began with a Bitcoin auction courtesy of the US Marshals. Draper jumped at the opportunity to invest, and purchased coins that would later be worth millions of dollars. https://twitter.com/TimDraper
Roger Ver is part of a handful of investors that specialize in Bitcoin startups like BitPay. He is considered a key figure that supports the adoption of the blockchain, and firmly believes in its ability to enhance economic freedom. Ver’s company was one of the first to start accepting Bitcoins as a form of payment, and played a vital role in the creation of the Bitcoin Foundation. https://twitter.com/rogerkver
Joey Zhou is a leading expert in field of cryptocurrencies and cryptography. He also has experience managing finance and technology startups. Zhou is a partner at a number of firms: Cyborgenic, the Internet of Things, and Fintech. https://twitter.com/josephzhou
Dr. Julian Hosp
Dr. Julian Hosp is the co-creator at TenX. He is a medical doctor, as well as blockchain expert, speaker, and acclaimed author. Julian is recognized as a figurehead in the sphere of cryptocurrencies. His personal mission statement is to educate people in using blockchain technology and spearhead its adoption to the mainstream. https://twitter.com/julianhosp
Vitalik Buterin is the co-founder of the major cryptocurrency Ethereum, and launched the Bitcoin Magazine. His contribution to the crypto market started with his Bitcoin Magazine, and was the head writer during its inception. He then went on to co-develop Ethereum with his coding skills, and created the scripting language that it uses today for the creation of smart contracts. https://twitter.com/VitalikButerin
Lubin is the other co-founder of Ethereum, which is considered by many as a disruptive technology that Bitcoin initially brought attention to. Like Bitcoin, Ethereum is decentralized in nature and expands on the coin’s original blockchain. These improvements allow for applications to be hosted on the Ethereum network, and includes facilitating and enforcing smart contracts. https://twitter.com/ethereumjoseph
Szabo is a recognized cryptographer that deals mainly in digital currencies. He studied computer science has been recognized for his contributions he made for the development of smart contracts. https://twitter.com/NickSzabo4
Bitcoin Price Starting to Recover After Sharp Drop; Top Alts Ethereum and Litecoin Are Struggling
Bitcoin BTC/USD Forecasting
From yesterday's open at $12317 the price of Bitcoin increased to $12761 but then fell below its opening price as it came down to $12100 level. After this retracement, the start of another rise has been seen with the price reaching $13055 at its highest point today before falling nearly $800 in an hour.
The price momentum has been stopped out after an increase of 7.76% measured from yesterday's low at $12100 as the price started encountering resistance around the vicinity of the prior high on the ending point of the 5th wave of the upward impulse.
Looking at the 15 min chart, you can see that the price got close to the 0.618 Fib level but there hasn't been an interaction before the price found resistance and has started to flat out, forming a horizontal resistance point. As we are seeing the ending wave of the five-wave impulse its further development would be expected to end around the vicinity of the 0.618 Fib level and proper interaction with the price potentially exceeding it on the spike up.
This would be the completion of the five-wave impulse which started on the 7th of July and is the third wave out of the upward structure from the 2nd of July. Previous to the five-wave increase a corrective triangle has been seen forming which was according to my count the B wave out of the upward ABC three-wave move. This three-wave move would be the X wave of the higher degree count which is why after its completion which is set to develop very shortly I would be expecting a move to the downside as the third wave Y should develop.
Another possibility would be that the correction ended on the first three-wave move which are only the sub-waves of the W wave according to the current count. If that is true, then we could be seeing the development of another five-wave move instead of the three-wave ABC correction to the upside. In either way, from here I would be expecting a move to the downside and if the price falls below the lower interrupted blue horizontal level on the retracement I would indicate that the move to the upside has ended on the third wave and is corrective and not impulsive.
Ethereum ETH/USD Forecasting
From yesterday’s high at $317.62 the price of Ethereum has decreased by 4.61% measured to its lowest point today which is at $302.98. The price has recovered since and came up to around $314 after, but is currently being traded at $309.
Looking at the 15 min chart, you can see that the price is currently retesting the 0 Fib level for support as a minor breakout above occurred. The price is likely to find support at the present levels as a breakout occurred on the prior high as well and has shown the absence of strong seller’s pressure.
As we are seeing the development of a five-wave impulse to the upside from 5th of July its ending wave’s development would now likely mean further increase but only for a short while as the next significant horizontal level is getting close. This is the ending point of the prior high and the support point of the impulsive move’s ending point and now serves as significant resistance.
If we are seeing a three-wave ABC to the upside out of which the mentioned five-wave impulse from the 5th of July is the C wave, the price is set to start moving to the downside after its completion, below the ending point of the first ABC to the downside which is at $276.
Upward ABC would be the second wave out of the higher degree three-wave correction which is why the third one would be expected to end on a lower low compared to the first ABC correction which would be its first wave. The most optimal target point of the expected decrease would be around the intersection of the lower ascending level which represents an uptrend support level and the 0.236 Fib level which is at $260.5.
There is a possibility that instead of the price ending its increase from the 5th of July on the third wave, we see it developing in a five-wave manner which will indicate impulsiveness instead of the currently presumed corrective momentum.
In that case, the price of Ethereum cannot go below $296 which is the territory of the 2nd wave on which the price cannot enter on the 4th if we are seeing a five-wave increase which is why the level is serving as a significant pivot point.
Litecoin LTC/USD Forecasting
From yesterday's high at $124.6 the price of Litecoin decreased by 5.37% as it came down to $117.9 at its lowest point today. The price came down to the same low level after a recovery attempt has been stopped out at $119.95, but the price is currently being traded around $119.180.
On the 15 min chart, you can see that the price of Litecoin came down to the first significant horizontal support level which is the lower outline level off of the horizontal range in which the price action is bouncing from 5th of July. Including the price action from the day before we have seen the formation of a cup and handle pattern with the price continuing to form the handle structure from yesterday's spike abode the significant horizontal level at $122.32 which is considered as the median point of the higher degree resistance range.
As the price failed to keep up the upward momentum and instead left a spike to the upside falling down fast below the significant horizontal level indicating strong resistance is present above, we have seen a retest of the lowest support level from the mentioned pattern. The price has recovered slightly but again failed to exceed the median point of the horizontal range from 5th which got broken in the second half of yesterday's trading session.
The recovery has developed a retest of the median point and another retest of the support level from the horizontal range with the price currently holding above its half range line. I would be expecting another minor increase which could be another retest of the today's high after which another downfall below today's support level. Even though the handle still hasn't been broken we have seen the price retracing back to the cup's support level which could be viewed as a breakout.
In either way, I would be expecting a retest of the $114.31 horizontal level which was low from the 2nd of July and was the ending point of the five-wave impulse to the downside after which a corrective ABC to the upside has been seen. This is why I think that a breakout from the downside would lead to the formation of another impulsive move which would set to push the price of Litecoin back inside the lower range below the resistance zone at $109.
The price’s of the major cryptos are starting to reach their significant resistance point on the corrective increase whos continuation we’ve seen in the last 24 hours. As the prices are approaching their signifiant resistance levels, after an interaction I would be expecting another downturn in the market.
Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) Price Prediction for Today’s Top Cryptocurrencies
From yesterday's high at $13212 the price of Bitcoin decreased by 21.23% as it came down to $10407 at its lowest point today. Yesterday's high was an interaction with the significant 0.618 Fibonacci level which ended as a rejection and caused the price to start moving to the downside in an impulsive manner.
Looking at the hourly chart you can see that the price came below the 0.5 Fibonacci level and stopped out at the minor ascending trendline from the from 10th of June from when the last five-wave impulse started developing. As the price found support there an immediate recovery has started which managed to pull the price back above the 0.5 Fib level and is currently being traded at $118816, slightly below today's high at $12012.
The price recovered by over 14% today measured to the lowest spike to the highest point today but it appears that strong resistance has been encountered as indicated by the last hourly candle. This recovery appears to be correctional and is most likely the 2nd wave out of the starting downtrend. I wouldn't expect it to go above $12451 which would be a 0.618 Fib from the impulsive decrease if the corrective movement is in play.
We've seen the completion of the five-wave impulse from 10th of June which could have been the 5th wave from the higher degree count which I believe that it was. If this is true, then we are going to see further downside for the price of Bitcoin in the upcoming period as a correction of the same degree should develop.
On the hourly chart, you can see that I've projected a target to around $6914 but the price of Bitcoin could go significantly lower as it would be only the first wave to the downside. The five-wave move might not develop and we could instead see a three-wave correction to $8500 before further upside continuation but considering the seller's momentum seen from yesterday, I don't believe that Bitcoin's price is going to continue increasing further.
From yesterday’s high at $336.1 the price of Ethereum has decreased by over 18% measured to the lowest spike the price has been which is at $275.45, but the hourly candle closed above $290.7.
The price is currently being traded at around $304 and was in an upward trajectory until it reached the significant Fibonacci level at $308.59 where it found resistance on the interaction.
As a rejection occurred the price has started moving to the downside again and looking at the hourly chart you can see that its minor uptrend line still hasn’t been broken.
The increase still might continue to the significant ascending trendline which was broken but the price fell immediately inside the territory of the ascending channel, ending as a fakeout. This is why the level might get retested again on the current recovery but we are yet to see how strong is the momentum behind today’s increase.
For now, it looks weak as the Fibonacci level was able to stop it out, so now that the price started moving to the downside we could see the price starting to move below the minor ascending trendline from today’s low.
Prior to the impulsive decrease, we have seen the completion of the five-wave impulse to the upside which could have been the ending wave of the higher degree with now a downturn starting to develop as the bullish period ended.
If we are seeing the development of the higher degree correction we are likely to see a five-wave move to the downside in an impulsive manner which would only be the first wave out of the potential three-wave move of the higher degree.
In that case, the price of Ethereum would be expected to go for a retest of some major resistance point, broken on the way up, out of which the first significant one would be between $187 and $174.
From yesterday's high at $130.322 the price of Litecoin has decreased by 13% coming to $113.36 at its lowest point and even spiked further to the downside coming to $110.69 but the hourly candle closed above $133 leaving a wick on the hourly chart. The price is currently being traded at $117.69 slightly below today's high at $119.7 as a minor recovery has been made. On the hourly chart, you can see that the price of Litecoin fell inside the territory of the lower horizontal range between the $122.32 level and the $109.356 horizontal pivot. This area is highly significant as it was considered to be the support area from the first half of the bear market and managed to hold the price of Litecoin but was eventually broken on the 10th of June 2018. Out of this support/resistance, the $137 horizontal level was its furthest level and considering that the interaction with it ended as rejection with an impulsive downside move seen after, we have likely seen a retest of the broken support for resistance before further downtrend continuation.
From 5th till 12th of June we have seen the development of the five-wave move to the upside which was most likely the ending wave of the higher degree as immediately after its completion we've seen a sideways range forming before a straight downfall. This impulsiveness to the downside indicates that the sellers are taking control. If we are seeing the development of the downtrend and from 26th its first wave in a five-wave manner the price is set to go below the last horizontal support level at $109 and would enter the lower range below the support zone.
If this occurs we could view it as a confirmation of the starting downtrend as the price of Litecoin was continuously increasing from 29th of April and made an increase of 112% without a major correctional movement. That this might not be a correction and instead of a starting downtrend we are yet to see from the development of the last move to the downside, but if it were to develop in a five-wave manner with the price going below the last horizontal level the possibility of the starting downtrend would increase significantly.
The cryptocurrency market has experienced a recovery today but the prices of the major cryptos have shown early signs of weakness around their first minor resistance points. We are yet to see if the recovery continues but as the impulsiveness was exhibited by the sellers in the last 24 hours I believe that the prices aren’t headed further up and that we are seeing the start of the downtrend.
Ripple Price Analysis: XRP/USD Primed For Further Gains
Ripple price surged higher recently above $0.4400 and $0.4600. XRP to USD is currently correcting lower, but the $0.4255 level is likely to act as a strong support and buy zone.
Key Takeaways: XRP/USD
- Ripple price traded to a new monthly high at $0.4625 and recently corrected lower against the US Dollar.
- XRP/USD is testing the $0.4320 support and a major bullish trend line on the 2-hours chart (data feed from Bitstamp).
- Bitcoin price is also correcting lower from well above $9,400 and Ethereum price is currently below $270.00.
Ripple Price Analysis
Earlier this week, bitcoin price extended gains above $9,300 and $9,400. It helped ripple and its price recently started a strong rise above the $0.4200, $0.4320 and $0.4400 resistance levels. XRP even broke the $0.4500 level and traded to a new monthly high.
Looking at the 2-hours chart, ripple price even traded above the $0.4600 level and settled well above the 50 simple moving average (2-hours, purple). A high was formed at $0.4625 and recently, the price started a sharp downside correction.
There was a break below the $0.4520 support and the 50% Fib retracement level of the recent wave from $0.4254 to $0.4625. Moreover, the price broke the $0.4400 support level.
It is currently testing the $0.4320 support and a major bullish trend line on the 2-hours chart. The 76.4% Fib retracement level of the recent wave from $0.4254 to $0.4625 is also acting as a support.
If there is a downside break, the price could test the main support near the $0.4255 level. As long as ripple price is above $0.4255, it is likely to bounce back in the near term.
An initial resistance is near the $0.4400 level, above which ripple is likely to continue higher towards the $0.4480 and $0.4500 levels. If the bulls regain strength, XRP price could even retest the $0.4625 swing high.
Overall, ripple price is trading with a strong bullish bias above $0.4255 and $0.4150. Therefore, there are high chances of a fresh increase above the $0.4400 and $0.4480 resistance levels in the coming sessions.