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Do not sell your Bitcoin or Tron anytime soon! Here is why

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Over the past few months, the market has been bearish, and cryptos have been red. Bitcoin has been at low but lately; it has risen above the $6,500 resistance level. On the other hand, despite the increase in the value of Bitcoin, other altcoins such as Tron (TRX) haven’t really surged like Bitcoin, due to the fact that most investors are beginning to take profits as a result of the bullish outlook in the market.

Right now, Tron is busy partnering with big companies, and most crypto exchanges have resumed the withdrawal and deposit of Tron (TRX). We are at the start of a giant crypto bull run, but it is difficult to say what will happen in the future for both Tron (TRX) and Bitcoin (BTC). However, there still are reasons to hold on to Tron and Bitcoin and not sell them anytime soon, because things are beginning to take a bullish outlook. Let me explain why.

Why you should have faith that Tron and Bitcoin will fly high before the year closes

We do know that the Q2 of 2018 has been tough, not just for Tron or Bitcoin alone, but other cryptocurrencies too. The recovery of Bitcoin at the beginning of July has changed everything in the crypto market, and at the moment, the buying volume is currently on a high side, and things are beginning to look good (very good).

It is also important to know that the bears have been pushed aside and the TRX is gaining its value gradually. Additionally, Tron has proved it is one of the most promising digital coins in the crypto sphere, and soon, it will become one of the top cryptos once the bullish sentiment entirely takes over.

Mastercard’s patent to link cryptos with fiat accounts – A new turn around for cryptocurrencies like Tron and Bitcoin

Banks don’t want to sit down there and just watch the world advancing with new technologies; instead, they want to be part of it too. Mastercard has just been given a patent that it has the right to manage fractional reserves of blockchain currency.

Indeed, MasterCard’s patent is a U-turn for the crypto sphere, and it also implies that we will be using our cryptos credit to buy goods very soon. This will also enable a user to have two linked accounts in a bank – one for fiat, and the other for the cryptocurrency. Cryptocurrencies, which are the bank’s coin will be featured on Mastercard’s patent – Tron and Bitcoin will undoubtedly get featured.

Tron’s improved presence and demand

The increased presence and demand for TRX is a big reason why you should hold on to Tron. It is essential to know, right now, TRX is one of the most traded cryptocurrencies in the crypto market with trading average volumes of about $190 million every day.

Final words

Tron is the 11th largest cryptocurrency by market cap, and it is priced at $0.034; while Bitcoin still holds the top position and priced at $7,730 at the time of writing. Both cryptos, Tron (TRX) and Bitcoin) have massive potential to go to the moon soon now (maybe even beyond that, mars?), and are wearing green – do not be surprised if Bitcoin surges further to about $8000 this week.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Maxpixel.net

Altcoins

3 Cryptocurrencies Most Likely to Follow Bitcoin’s Performance

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For more than a year, the cryptocurrency market has been dominated by bearish influence, with most coins seeing constant drops, or stagnation, at best. This all changed in the past few months, starting with Bitcoin which once again started leading the market up, bringing one minor rally after another.

BTC itself experienced massive losses in 2018, with its price going down by around 84%. Most other coins among the top 10 mirrored its performance, and some of them experienced even greater losses. However, now that Bitcoin sees gains again, these cryptocurrencies are still following its example, and many of them have seen massive breakouts. Some of the more notable altcoins that followed Bitcoin’s recent example are Ethereum (ETH), Stellar (XLM), and Cardano (ADA).

Ethereum performance mirroring Bitcoin’s price

As mentioned, Bitcoin led every rally so far, but before it did, its price first went through what is known as an ascending triangle pattern. The pattern held for around five months, which is exceptionally long for the crypto world. However, once the pattern was finally broken — the coin’s price skyrocketed, more than doubling itself within only two months.

One thing to note is that Ethereum performed in pretty much the same fashion. After five months of struggle and confusion for investors, the second largest cryptocurrency also managed to break the pattern and skyrocket as well. It…

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Bitcoin

4 Reasons Why the New Bitcoin Rally Is Unlikely to Stop Now

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After more than a year of declining prices, the crypto market is finally seeing a period of serious recovery — one that has already brought digital currencies to heights not seen in over half a year now.

Only days ago, Bitcoin surged past several major resistance levels and managed to exceed its yearly high of over $8,000. Already, many skeptics are predicting the soon end of the bull run, and the possibility of yet another sharp decline. However, there are signs that suggest otherwise — that this bull run is only getting started, and that it will not end anytime soon.

There are four reasons why this is the case, and they are as follows:

1) Bakkt

There is the long-awaited Bitcoin futures exchange, Bakkt, which recently announced that the July test date for Bitcoin futures is soon to be set. Bakkt’s launch was delayed multiple times already, so the announcement came as quite a surprise. However, it appears that it will happen quite soon, after all.

As soon as its arrival becomes a certainty, Bitcoin will likely skyrocket even further, just like gold did when gold ETF appeared in 2013.

2) Bitcoin completely ignored the hacking of Binance

Binance has been the largest crypto exchange by trading volume for a while now, and as such, many expected that, if anything were to happen to it, Bitcoin…

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Bitcoin

The New Rally Has Arrived: Crypto Market Cap Goes up by $24 Billion Within a Day

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The crypto market’s recovery progresses further, and at a rapid pace, at that. Bitcoin has just surpassed the $8,000 mark, which is the first time its price has been that high since July of last year. In addition, the entire crypto market is making billions within hours.

Bitcoin (BTC) sees another serious surge

In the past 24 hours, the total crypto market cap has gone up by around $24 billion. Meanwhile, BTC price has grown by $1,000 within the same period, as the largest coin traded barely above $7,000 on early Monday. At the time of writing, the coin’s price sits at $8.014.31, with a 14% growth in the last 24 hours. Meanwhile, the BTC market cap has gone up to $141.85 billion, and even the coin’s trading volume surged to over $31 billion.

While many are wondering whether this is a return to the massive heights seen back in 2017 or only a temporary surge which will soon see a correction — no signs of an upcoming decline have been noticed as of yet. In fact, new heights were made and then exceeded multiple times in the past week, with a massive 33% gain during that time. And, with Bitcoin’s dominance at 60%, many are expecting that massive altcoin surges are to be expected as well.

The growth of altcoins can already be seen, as Bitcoin

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