Bitcoin price rallied recently above $7,300 before it ran into $7,500 against the US Dollar.The price is showing positive signs it seems like the bulls aim another test of $7,500.There is a major bullish trend line forming with support near $7,325 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair is...Read More
The total crypto market cap is slowly rising and it is now above the $185.0B support.Bitcoin price rallied recently, but it failed to climb above the $7,500 resistance.Binance coin (BNB) price is up more than 5% and it broke the $14.20 resistance area.Litecoin (LTC) price is slowly recovering and it is now trading above $42.50.BCH...Read More
An investigation launched on the request of a French startup has led to the indictment of a 37-year-old entrepreneur accused of stealing 182 BTC from the company he cofounded. Embezzlement of money is one the charges brought against him by the public prosecutor’s office in Paris. Also read: Russia’s Supreme Court Recognizes Tokens as Assets...Read More
A myriad of factors points to the possibility that the Bitcoin bottom could be in, which comes as the crypto finds itself caught within a firm bout of sideways trading within the mid-$7,000 region, closely on the heels of BTC’s recent bounce from lows of $6,400.One popular crypto analyst recently spoke about these factors, explaining...Read More
During the last few days, digital currency markets have been meandering sideways and prices have been less volatile. On Sunday, during the last 24 hours, the entire cryptoconomy is hovering just below the $200 billion zone and there’s roughly $71 billion in global trades. Crypto proponents are still uncertain about the future trajectory and whether...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
The National Power Training Institute, under India’s Ministry of Power, is offering blockchain training in multiple cities throughout the country. Participants will learn about blockchain technology, its use cases, smart contracts, Ethereum, cryptocurrency, Bitcoin, and even mining. Also read: Regulatory Roundup – New US Crypto Bill, France’s 1st Approved ICO, Muslim Crypto National Training Institute’s...Read More
After a strong decline, bitcoin price found support near $7,000 against the US Dollar.The price is now trading near the $7,300 and $7,320 resistance levels.There is a major breakout pattern forming resistance near $7,320 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).The price could dip a few points, but it is...Read More
Ever since Bitcoin’s meteoric rise to highs of $20,000 in late-2017 and subsequent drop, analysts and prominent figures within the industry have all been offering price targets for where they expect BTC to surge to over a fixed time period.Although some of these predictions have been lofty and unrealistic, one billionaire cryptocurrency investor is now...Read More
Bitcoin’s price has been stuck within a firm and unwavering trading range within the lower-$7,000 region over the past week, with each attempt to rally being quickly rejected by aggressive selling pressure that has led BTC to remain stuck around its current price levels.One analyst is now noting that a key trend Bitcoin has been...Read More
As digital currencies become a mainstay in society, a great number of governments have enforced strict tax guidelines, severe money transmission rules, and tough regulations. Because of a few nation-states’ harsh rules against cryptos, there are individuals who plan to renounce their citizenship in order to become stateless. Some people will also attempt to get...Read More
Bitcoin (BTC) took off with its mainstream appeal since around mid-2017. Since that time, the market price of BTC has seen ups and downs, with at least a dozen dramatic days of appreciation or crashes. Altcoins at Risk of Being Wiped Out in Value Looking back, betting on BTC prices brought an upward daily move...Read More
Bitcoin’s bulls were able to defend BTC from facing a much steeper sell-off today, which comes closely on the heels of the recent rejection the cryptocurrency experienced, which to many investors signaled that significantly further losses were imminent.Analysts are now explaining that bull’s ability to defend against further losses points to the possibility that the...Read More
The cryptocurrency markets have been struggling to garner any decisive momentum in one direction or another over a shorter time frame, with Bitcoin (BTC) leading most major altcoins to range sideways.Over the past 24-hours, however, a few notable altcoins incurred a massive amount of selling pressure that was anomalous, leading one analyst to believe that...Read More
Craig Wright is back with his ‘priceless’ bitcoin comments. This time he chose Christmas to share his opinion on BTC’s future price action. Mr. Faketoshi thinks that bitcoin ‘is not gonna keep going up in value’. Since bitcoin started trading on various crypto exchanges and noticeably reached its all-time high in December, scores of analysts...Read More
This was a hot year for crypto, with BTC surging up from the pit it was in at the beginning of the year to a stable $7-8k by the end, rapidly developing altcoins and the rapt attention of governments and users. It is early to speak about mass adoption, but the fact that crypto is...Read More
By Dmitriy Gurkovskiy, author at RoboForex Blog On Friday, December 27th, the activity shrunk to a minimum. The leading cryptocurrency is trading at $7181.00 and declining slightly. Judging by the dynamics on D1, market participants are aimed at 76.0% ($5700.00) but stopped yet near 61.8% Fibo. At the decline, there is a convergence on the...Read More
Bitcoin price spiked towards $7,400, but it failed to retain strength against the US Dollar.The bulls need to protect the $7,120 and $7,000 support levels in the near term.There is a major bearish trend line active with resistance near $7,360 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could spike...Read More
The Shenzhen Stock Exchange has launched a blockchain index comprising 50 of the largest publicly listed companies with blockchain ventures by market capitalization. Blockchain-related stocks in China have been gaining value since President Xi Jinping openly advocated for the technology. Also read: Regulatory Roundup – New US Crypto Bill, France’s 1st Approved ICO, Muslim Crypto...Read More
The total crypto market cap is holding the key $182.0B and $180.0B support levels.Bitcoin price is trading above the $7,200 support and it could start a fresh increase.Litecoin (LTC) price is slowly rising and it might test the $41.20 resistance.BCH price is up 4% and it is moving higher towards the $200 resistance area.EOS price...Read More
2020 is fast approaching and the last decade will be behind us. Throughout the last ten years, the biggest unicorn firms were born like Uber and Airbnb. However, even though Bitcoin isn’t a company, the best investment of the decade belongs to the decentralized cryptocurrency Satoshi created. In fact, Bank of America’s recent securities report...Read More
Bitcoin has incurred multiple bouts of bullishness over the past several days and weeks, with each rally resulting in a strong rejection that leads the cryptocurrency to fully retrace its gains. This pattern occurred again today, when BTC surged to highs of nearly $7,500 before incurring a strong and swift rejection.This rejection may have opened...Read More
Two of the largest bitcoin mining chip manufacturers have plans to equip their products with 5nm chips in the near future. Just recently, China-based manufacturer Bitmain purportedly produced the world’s first 5nm test-grade bitcoin mining chip and more efficient mining rigs will see mass production next year. The firm Canaan also recently announced that the...Read More
Bitcoin (BTC) has been able to incur some tempered bullishness today after a multi-day period of hovering around its support at $7,200. Today’s slight gains have come about in the face of a strong down trend, however, which could mean that these gains will ultimately prove to be fleeting and followed by further downside.One factor...Read More
Following the consensus reached at the G20 leaders’ summit on the importance of discussing better governance for the decentralized financial ecosystem, Japan’s top financial regulator is hosting a global blockchain conference to discuss the subject. The regulator is welcoming stakeholders from around the world to participate, including other regulators, open-source software developers, university researchers, and...Read More
According to recent reports, the Bank of Russia has started using a regulatory sandbox to test the performance of stablecoins. Russia Warming to Stablecoins Russia’s stance towards cryptocurrencies has always been questionable, with the country’s intentions and goals never being fully known to anyone. However, according to recent reports, it may be that Russia sees...Read More
Bitcoin (BTC) has been rising relentlessly in the first decade since its Genesis block. But now, the price may be entering a stage where new price moves are uncertain. Bitcoin Average Price Move in Bullish Direction Looking at average prices paints a bullish picture over the years-long frame. Bitcoin prices have moved through several waves,...Read More
The consolidation for the entire month of December has continued for Bitcoin as it holds above key support. If the next moves down are similar to the previous ones however it could soon be as low as $5,000 according to one analyst.Bitcoin Consolidation ContinuesFor another day BTC has held above $7,000 as its sideways trading...Read More
Bitcoin price is just holding the key $7,120 and $7,000 support levels against the US Dollar.A bearish break below the $7,000 support could start a short term downtrend.There are two bearish trend lines forming with resistance near $7,240 and $7,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair is likely...Read More
Many people wonder what the future will hold for bitcoin payments. As numerous supporters no longer deal with BTC in 2019, that outlook remains uncertain. A lot of companies have tried to accept bitcoin payments in recent years. Bitcoin Payments Remain a Problem in 2019 Some companies stick with that decision, whereas others bow out...Read More
