Square Reveals 72% Surge in Bitcoin Buys – BTC, Ethereum, XRP, Litecoin, Binance Coin, Bitcoin Cash, Tron, EOS, Cardano, Stellar Forecasts

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Square is reporting a surge in Bitcoin buys on its popular Cash App.

In the first quarter of 2019, the company’s sales of BTC to its mobile app users jumped 72% over the previous quarter, from 10,025 BTC to 17,269 BTC. The numbers are from January through March, and don’t include a likely boost in trading during Bitcoin’s big rise above $5,000 in early April.

The company reports adjusted revenues at $489.05 million, up 59.4% year over year and up 5.3% from the previous quarter.

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Crypto analysts are taking a look at the historic rise in Bitcoin sales on Cash App over the past year in order to gauge where things may head in the next two quarters.

Right now, the crypto markets are

Technical analysts are split on altcoins, with CoinDesk’s Omkar Godbole outlining three hurdles in the way of a Bitcoin rally to $6K.

Bitcoin

CoinDesk – BTC looking north, but quick rise above $6,000 may be difficult

Blockonomi – Bitcoin Bulls remain in driver’s seat

Ethereum

FXStreet – ETH/USD recovery capped by $166.50 barrier

Coinspeaker – Bears are still in control of the Ethereum market

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XRP

NewsBTC – XRP price holding key support, with fresh upside in play

FXStreet – XRP/USD troubling triangular structure

Litecoin

Blockonomi – Likely development of Litecoin’s 5th wave

Crypto Daily – LTC/USD trying to establish a base above its 50-bar MA

Bitcoin Cash, EOS, Binance Coin, Stellar, Cardano, Tron

Cointelegraph – BTC, ETH, XRP, BCH, LTC, EOS, BNB, XLM, ADA, TRX Price Analysis

Blockonomi – Bitcoin Cash price turns bullish as Binance Coin and Bitcoin Rise

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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