Bitcoin has seen some bear-favoring turbulence over the past week, with its recent break below $10,000 sparking a bout of capitulation that led it to lows of $9,200, from which point it has struggled to garner any sustainable upwards momentum. This intense selling pressure has cause BTC bulls to cave in, as they are currently...Read More
Over the past few hours, Bitcoin (BTC) has started to tank lower once again, reaching $9,350 just an hour or two ago on some exchanges. The asset has since seen a slight bounce, returning to $9,400. This means that in the past 24 hours, the price of the leading cryptocurrency has fallen by 3.25%, crushed...Read More
Unfortunately for bulls, Bitcoin’s surge to $10,000 on the weekend did not last. Case in point: on Monday, the cryptocurrency started to tank for the umpteenth time, plunging as low as $9,490 on some exchanges as bears managed to take control of the market once again. While BTC remains up over 30% since the year...Read More
Renowned venture capitalist, Tim Draper during a recent interview has doubled down on his long-standing bitcoin prediction of $250k. This time, Draper believes this price altitude is achievable within a few years from now. Draper On His $250k BTC Prediction During an interview session with CNBC, popular crypto frontier and bitcoin evangelist, Tim Draper has...Read More
Bitcoin, altcoins, and global equities have all seen some intense bearishness today, which has primarily stemmed – at least in the case of the traditional markets – from fears surrounding the rapid spread of the Coronavirus across the globe. The fact that this selloff has transcended just the traditional markets and has had impacts on...Read More
Over the past 36 hours, Bitcoin has finally started to show signs of strength after the brutal 10% sell-off earlier this week. From the week’s most traded price at $9,600, the cryptocurrency has pressed higher to $10,000 as of the time of writing this, seemingly to establish a short-term candle close above this crucial psychological...Read More
In just a few months’ time, Bitcoin will see what is known as a halving, a once-every-four-years event which sees the asset’s inflation cut in half, skewing the supply-demand dynamic in favor of bulls. This cyclical event previously marked the start of some of the crypto market’s parabolic rallies, during which the price of BTC...Read More
Bitcoin and the aggregated cryptocurrency market have incurred some notable upwards momentum overnight, allowing many altcoins to surge and put some significant distance between their recent lows. This momentum, however, may be short-lived as analysts closely watch to see how Bitcoin’s dominance over the market reacts to a key level, as a bounce at its...Read More
Bitcoin and the aggregated cryptocurrency market have incurred some notable upwards momentum overnight, allowing many altcoins to surge and put some significant distance between their recent lows. This momentum, however, may be short-lived as analysts closely watch to see how Bitcoin’s dominance over the market reacts to a key level, as a bounce at its...Read More
Bitcoin has once again started to show signs of recovery. In the past hour, the price of the leading cryptocurrency has exploded higher, from the daily low around $9,650 to as high as $9,040, a jump of 3%. While this move has not yet been sustained on a weekly basis, analysts say that this recovery...Read More
While Bitcoin and crypto is largely a movement to disempower institutions and to put power back in the hands of regular people, there has been a space-wide focus on getting institutions involved in this industry. The thesis with this antithetical move is that institutional involvement in cryptocurrency: the world’s biggest firms and investors dabbling in...Read More
Bitcoin’s recent price action has made it incredibly unclear as to where the cryptocurrency could be positioned to move next, with its recent drop below $10,000 suggesting that bulls do not have enough strength to surmount the resistance that exists around this price level. In the near-term, Bitcoin’s bullish reaction to its recent drop to...Read More
Bitcoin really hasn’t done too well over the past day or two. As detailed in previous market updates from Ethereum World News, the price of the leading cryptocurrency has been subject to extreme volatility, falling from $10,300 to as low as $9,200 (on some exchanges) in the span of a few hours. This dramatic move lower...Read More
Bitcoin has been caught within the throes of intense turbulence over the past day, with the cryptocurrency incurring a violent selloff yesterday that sent it reeling from $10,200 to lows of $9,200. In the time since this capitulatory drop, Bitcoin has been able to climb higher, and its early-morning volatility seems to suggest that bulls...Read More
Bitcoin didn’t fare too well on Wednesday. After recovering 8.4% to $10,300 after a 10% retracement to $9,500, bears returned to brutalize bulls. In the span of a few hours time, the price of BTC tanked off a cliff, falling as low as $9,250 on some exchanges, shocking the entire industry in the process. In...Read More
The last 24 hours have been particularly discouraging as BTC and other major cryptocurrencies sharply declined from their respective previous price accumulation. Bitcoin (BTC) had recently experienced a price pump of around 6% surpassing the important $10k level. This instigated significant market swing as major altcoins, including Ethereum (ETH) and XRP all moved correspondingly to...Read More
Bitcoin has found some notable stability above $10,000 following yesterday’s massive rally that allowed BTC to surmount the resistance it was facing between $9,600 and $10,000. Its recent bounce does suggest that bulls have some significant strength. The course of its recent uptrend has also allowed the cryptocurrency to build some technical strength, and analysts...Read More
Today’s valentine’s celebration has particularly paved way for bitcoin’s progress since the beginning of the year. Although there seems to be much more to this present bull run, bitcoin also owes much of its current progress to the May 2020 bitcoin mining reward halving. Valentine’s Day Escorts BTC To Another Bull Market! Bitcoin seems to...Read More
Bitcoin was able to incur some steady upwards momentum yesterday, which allowed its price to rapidly climb up to its 2020 highs of $9,200 before it faced some strong selling pressure that led it to plummet back towards $8,900. Buyer were able to absorb the majority of this selling pressure, however, and have allowed the...Read More
Bitcoin’s firm 2020 uptrend has extended today, as the cryptocurrency has been able to post a notable climb from its recent lows of $8,200 that were set earlier this week when the cryptocurrency’s sellers made an attempt to push the cryptocurrency significantly lower. In the near-term, analysts are noting that the cryptocurrency’s ongoing attempt to...Read More
Elon Musk has long been a major figure within the technology world who has expressed mixed feeling on Bitcoin and cryptocurrencies, previously calling them “brilliant” while recently explaining that he is “neither here nor there” on BTC. The SpaceX and Tesla CEO recently spoke about Bitcoin during his appearance on an episode of the “Third...Read More
Bitcoin and the aggregated crypto markets have been caught within a firm bout of sideways trading since this past Saturday, with this lack of decisive momentum making it incredibly unclear as to where the markets will head next. In spite of this, Bitcoin has been able to hold above multiple key levels, leading some analysts...Read More
While bitcoin price may be going through a period of consolidation at the moment (and frankly, after the year that was 2019, who isn’t?), the network fundamentals are as strong as ever. In fact, the hash rate is currently almost seven times as large as it was during BTC’s all-time high price, back in December...Read More
With 2019 ending in a number of hours, here is a look at the positive performance for Bitcoin (BTC) across several network and market parameters. Bitcoin Price up 95% YTD At press time, the Bitcoin price is up by about 95% year-to-date (YTD). After a difficult 2018 that saw the top-ranked crypto drop 72%, BTC...Read More
So apparently, it was Christmas this week… Did anybody get any bitcoin? Bitcoin Price So we didn’t really get much of a Christmas present when it came to bitcoin price this year. A push at the start of the week took us to $7.6k, but bulls failed to capitalize on that and prices dropped back...Read More
Reports emerged that hackers have demanded bitcoin as ransom from users of vulnerable cameras sold by Amazon and its subsidiary Ring. Bitcoin is constantly being used as a means of extracting payment, blackmailing people, and demanding ransom in exchange for data. Ransomware attacks are ones, where hackers infect users’ devices, encrypt their files, and then...Read More
The major cryptocurrency payment service BitPay recently confirmed that there was a delay and outage of its Bitcoin payments service on December 22. The report shows that BitPay admits that the BTC payments were briefly unavailable for almost 3.5 hours on the website as the company was dealing with transaction issues.In fact, the Bitcoin news...Read More
Brian Armstrong, CEO of Coinbase Exchange is constantly making efforts to revolutionalize the crypto world. Latest we hear he has secured a patent to send cryptocurrency through email. Isn’t it exciting! Sending Bitcoin by just a click of email without memorizing the Bitcoin address. The patent filed in March 2019, was rewarded this December. The...Read More
BigTech firms see bitcoin as an empowering technology since the social media giants are no longer opposing the huge power bitcoin has. They are even embracing it more than ever and want to solve the problems of the decentralized internet and give people the power so let’s find out more about it in the latest...Read More
Bitmex, one of the world’s most popular cryptocurrency exchanges, has added support for the Bech32 (native SegWit) address format. The Dec 12, 2019 announcement reads: “The key advantage of Bech32 addresses is that transaction fees will be saved when Bitcoin already sent to a Bech32 address is spent. Therefore this upgrade will not directly result...Read More
