Blog

27/05/2019

Bitcoin Hits New 2019 High Above $8,900



Bitcoin’s price has set a new record for 2019, reaching as high as $8,905 before retracing slightly. At 19:00 UTC on May 26, the world’s largest cryptocurrency by market capitalization broke from an ascending triangle pattern on the daily chart, after being held beneath $8,250 for an extended period of time. The move to fresh 2019 highs comes after the bitcoin price dropped to as low as $6,600 on May 17 before a large amount of buying pressure pushed prices back above $7,300 within the same day. Since then the bitcoin price has again jumped by 22 percent, rising above $8,500 around 19:45 UTC on Sunday night and then reaching over $8,700 within half an hour. It’s currently changing hands at $8,890 per CoinDesk’s price data. Notably, the price rally was also accompanied by a large uptick in the 24-hour trading volume, an increase of $10.3 billion was added overall, according to data from CoinMarketCap. However, its “Real 10” volume – a metric that takes into account trading volume from exchanges reporting honest volume figures as identified in a report by Bitwise Asset Management – currently stands at $3.1 billion, according to Messari.io. Meanwhile, other highly ranked cryptocurrencies like EOS, Ether (ETH), XRP, and litecoin (LTC) have gained between 5.3 to 5.8 percent each on a 24-hour basis, according to CoinMarketCap. What’s more, the total market capitalization has risen to a high of $268.1 billion its highest point since August 3, 2018 while the market capitalization for altcoins is up $6 billion, a sign of continued funding and investment for cryptocurrencies overall. Eyes are now firmly set on bitcoin’s new target along $9,650 resistance, last seen 13 months ago on April 30, 2018, signaling a very strong upward move beyond the $10,000 psychological price tag. Disclosure: The author holds no cryptocurrency at the time of writing.
14/08/2019

How to KVM, QEMU start or stop virtual machine from command line (CLI)

KVM or Kernel Based Virtual Machine is a popular virtualization technology. It allows you to run virtual guest machines over a host machine. To start...
14/08/2019

How to Docker backup Saving and restoring your volumes

Running a Docker volume backup First, we spin up a temporary container, and we mount the backup folder and the target Docker volume to this container....
12/08/2019

How to Start and Enable Firewalld on CentOS 7

In this article, we discuss how to start and enable firewalld. It is highly recommended that you have a firewall protecting your server.Pre-Flight CheckThese...