May 26, 2019

Bitcoin Hits New 2019 High Above $8,900

bitcoin’s price has once again set a new high for 2019 after breaking out from a bullish pattern on the daily chart, 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, courtesy of being held beneath $8,250 for an extended period of time.

The move to fresh 2019 highs has come at a time when prices were beginning to creep to the downside, touching 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 prices have once again jumped by 22 percent, first rising above $8,500 on Sunday night in bullish fashion, 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.

bitcoin image via Shutterstock

Published at Mon, 27 May 2019 01:30:10 +0000

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More Dangerous Than The NSA? The Massive Spy Agency You Haven’t Heard Of

zerohedge.com / by Tyler Durden / Mar 31, 2017 5:57 PM

Authored by Alice Salles via TheAntiMedia.org,

If you’re one of the countless Americans who was distraught to learn of the revelations made by former National Security Agency (NSA) contractor Edward Snowden, the mere idea that there might be yet another agency out there – perhaps just as powerful and much more intrusive – should give you goosebumps.

Foreign Policy reports that the National Geospatial-Intelligence Agency, or NGA, is an obscure spy agency former President Barack Obama had a hard time wrapping his mind around back in 2009. But as the president grew fond of drone warfare, finding a way to launch wars without having to go through Congress for the proper authorization, the NGA also became more relevant. Now, President Donald Trump is expected to further explore the multibillion-dollar surveillance network.

Like the Central Intelligence Agency (CIA) and the National Security Agency (NSA), the NGA is an intelligence agency, but it also serves as a combat support institution that functions under the U.S. Department of Defense (DOD).

With headquarters bigger than the CIA’s, the building cost $1.4 billion to be completed in 2011. In 2016, the NGA bought an extra 99 acres in St. Louis, building additional structures that cost taxpayers an extra $1.75 billion.

Enjoying the extra budget Obama threw at them, the NGA became one of the most obscure intelligence agencies precisely because it relies on the work of drones.

As a body of government that has only one task — to analyze images and videos captured by drones in the Middle East — the NGA is mighty powerful. So why haven’t we heard of it before?

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Prior to Trump’s inauguration, the NGA only targeted the Middle East or whatever spy satellites orbiting the globe captured. As far as most of us knew, the agency refrained from pointing its ultra-high-resolution cameras toward the United States. That alone may be why the NGA has been able to stay out of scandals for the most part.

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