Bitcoin price could rally to $10,712 in June amid current investor sentiment and the launch of Facebook’s ‘cryptocurrency’ GlobalCoin, according to a prominent analyst. Bitcoin to $10K in June? ThinkMarkets Chief Market Analyst Naeem Aslam has concluded that June will be a phenomenal month for Bitcoin price action. Historically, May has been the best performing...Read More
Bitcoin price started a major downward move below the $8,200 and $8,000 supports against the US Dollar.The price even broke the key $7,600 support level and it is currently recovering higher.There are two major bearish trend lines forming with resistance near $7,950 and $8,200 on the hourly chart of the BTC/USD pair (data feed from...Read More
By CCN.com: Owners of “whale wallets” scooped up 450,000 BTC as the bitcoin market hit bear-market lows in late 2018. It appears whales now control 25% of all BTC. Is this good or bad for bitcoin? Whales are smart money These private, non-institutional buyers decided an 85 percent decline was a buying opportunity. The market sent...Read More
By CCN.com: On May 17, within minutes, the bitcoin price plummeted from around $7,800 to $6,400 in a flash crash, recording an unexpected 18 percent drop. The bitcoin price briefly plunges to $6,400, recovers swiftly (source: coinmarketcap.com) The sudden decline in the bitcoin price led the valuation of the crypto market to plunge from $257...Read More
As Bitcoin continues to mark significant gains throughout the entire 2019, it seems that the time has come once again for some bold predictions. Bitcoin Price At $400,000 in 10 Years A bold prediction came by the Founder, CEO, and Chief Investment Officer at digital asset management firm Morgan Creek Capital, Mark Yusko. According to...Read More
Bitcoin’s [BTC] prices saw a sudden rise today, causing it to break its previous immediate resistance. Bitcoin also registered its biggest high of 2019. However, after the last candle closed, the coin was starting to dip. At press time, BTC was valued at $5,687.53 with a market cap of $100 billion. The 24-hour trading volume...Read More
Bitcoin’s [BTC] recent volatile fluctuations can be linked to the recent drama surrounding cryptocurrency exchange Bitfinex and their Tether [USDT] holdings. However, hours before the event, one exchange saw a massive Bitcoin price fall, leading to speculation surrounding pre-existing information about the market dip. Kraken, the American cryptocurrency giant, saw a notable “dump” of Bitcoin,...Read More
Most major cryptocurrencies on CoinMarketCap have been under the spell of the bear and continue to fall, at press time. However, if the long term performance of the coin is to be considered, most major coins have managed to register significant returns since the beginning of 2019. Ran NeuNer, crypto influencer and Founder of Onchain...Read More
By CCN.com: A crypto trader provided CCN.com with documents proving that he has lost around 43 Ether all told after depositing it on BiteBTC on Christmas Eve. As we previously reported, the Bitcoin exchange claimed a fire wrecked its servers, but the exchange claimed crypto wallets were safe. Where There’s Smoke, There’s Fire Nearly every...Read More
Security breaches in the cryptocurrency space have been a common phenomenon, with several attacks having occurred over the past couple of months and resulting in the loss of cryptocurrencies worth millions. The latest malware attack in the world of digital assets is ‘Beapy,’ and reports have stated that the malware has been used to hijack...Read More
Historical Trends Show Bitcoin Might Have Bottomed At $3,100 The Mayer Multiple, a measure conceptualized by diehard Bitcoin investor and evangelist Trace Mayer, seems to be signaling that BTC might have bottomed. As explained by analyst Crypto Kea, the multiple, which weighs the price and 200-day moving average (key support/resistance), recently passed 1.0 after falling...Read More
The world’s largest cryptocurrency asset manager, Grayscale Investments, saw its value of Assets Under Management (AUM) top $1 Billion yesterday. Price gains across the crypto spectrum saw the value of Grayscale’s bitcoin holdings alone jump to $999.1 Million. Tweet The Good News From The Rooftops Grayscale tweeted to announce the milestone, publishing a breakdown of...Read More
After breaking decisively above the important resistance level of $4,100 yesterday, Bitcoin (BTC) has continued to climb and is now nearing its next key resistance level of $4,200 that has proven to be incredibly strong over the past month.Analysts now expect Bitcoin to incur some major volatility in the near future as it approaches this...Read More
You could say Warren Buffett is loaded for bear. The “Oracle of Omaha” says he’d like to make permanent investments in U.S. companies with decent long term prospects, but not while the U.S. stock market is so overpriced. Maybe he should buy Bitcoin instead. Buffett Pines for ‘Elephant-Sized’ Acquisition In his 2019 annual letter to...Read More
