People often criticize Bitcoin for its volatility, not realizing that the coin is still in development, but investing in it is investing in a better future. Bottoms Up When it comes to Bitcoin investments, a lot of people may have a wrong idea regarding what to expect. The fact is that Bitcoin still has its...Read More
Bitcoin is looking set to end the year almost double its price at the beginning. The long term trend is still very strong and those gains are likely to continue for the next few years. Bitcoin Up Over 90% YoY Last Christmas, Bitcoin was priced at around $3,800. It had been through a brutal bear...Read More
Bitcoin price is struggling to stay above the $7,160 and $7,120 support levels against the US Dollar.A successful close below $7,120 could accelerate decline below $7,000.There is a key connecting bearish trend line forming with resistance near $7,480 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could either accelerate decline...Read More
Banking services platform Cashaa has seen significant growth in crypto trading volume in India since it began offering INR deposits and withdrawals. The platform has cut its fees by more than 50% and is getting ready to add five more cryptocurrencies for users in India, Cashaa has shared with news.Bitcoin.com. Also read: Regulatory Roundup –...Read More
Bitcoin has been facing some turbulent price action over the past several days and weeks, surging to highs of $7,700 this past weekend before hitting a region of resistance that has sparked a firm short-term downtrend that has led BTC down to its support in the lower-$7,000 region.This recent downtrend has shown few signs of...Read More
Bitcoin’s recent bullishness has been thwarted by bears who have attempted to push the cryptocurrency back down to its support within the lower-$7,000 region, and it is imperative for bulls to support BTC above this region if they want to further extend their upwards momentum.Analysts are noting that Bitcoin’s current market structure does appear to...Read More
2019 was an interesting year for cryptocurrencies. Some would say it wasn’t as bad as the crypto winter in 2018 and others would note it wasn’t as great as bull run 2017. One thing’s for sure, ever since the all-time price highs, interest in cryptocurrencies has been waning. According to data from Google Trends and...Read More
Bitcoin price failed to extend gains above $7,700 and declined more than $400 against the US Dollar.The price is now trading below $7,400 and it declined close to the $7,260 support area.Earlier, there was a break below a contacting triangle with support near $7,500 on the hourly chart of the BTC/USD pair (data feed from...Read More
Bitcoin (BTC) has been caught in a firm uptrend over the past several days, which has primarily been the result of the massive upwards momentum that was sparked when it tapped lows of $6,400 earlier last week.This momentum led BTC as high as $7,700 today before it was met with significant resistance that led its...Read More
Ever since Bitcoin plummeted to lows of $6,400 last week, BTC and the aggregated crypto markets have been caught within a firm upwards tailwind that has led many investors to believe that the market’s recent lows will ultimately mark a long-term bottom.One key technical indicator that has historically predicted both the beginnings and ends of...Read More
Bitcoin price rallied more than 5% to clear the $7,500 resistance against the US Dollar.The price is now trading in a positive zone and it could rise further above $7,700.There is a short term breakout pattern forming with resistance near $7,590 on the hourly chart of the BTC/USD pair (data feed from Kraken).There could be...Read More
The total crypto market cap is gaining momentum above the key $192.0B resistance.Bitcoin price is up more than 5% and it broke the $7,500 resistance area.EOS price is slowly rising towards the $2.600 and $2.700 resistance levels.Binance Coin (BNB) is still well below the main $14.00 and $14.20 resistance levels.BCH price is trading above $195...Read More
As the end of 2019 approaches, it means there will be one year left for John McAfee’s infamous wager that said the price per bitcoin would “reach $1,000,000 before the end of 2020.” If the forecast doesn’t come to fruition, he said that he would eat his family jewels on television. At the moment, the...Read More
Following the recent bout of turbulence experienced by Bitcoin and the aggregated crypto markets, BTC has been caught within a firm and tight trading range that has led it to consolidate for the past several days.Analysts are now noting that which boundary of this trading range is broken through first could offer significant insight into...Read More
Bitcoin (BTC) attracts the most attention with its price action. But the technological capabilities of the leading coin should not be underestimated. Bitcoin Network Evolves with Lightning Payment Innovations In 2020, more than a decade after the Genesis block was created, the Bitcoin network will have changed in unexpected ways. Beyond highly active mining and...Read More
Germany’s second-largest stock exchange and a major financial services group in Japan have partnered to expand their crypto operations in Europe and Asia. Boerse Stuttgart recently launched its crypto trading platform while SBI has been expanding its crypto business operations for several years. Also read: Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines...Read More
There was a nice upward move in bitcoin price from the $6,435 low against the US Dollar.The price is now trading nicely above the $7,000 and $6,960 support levels.There is likely a bullish continuation pattern forming resistance near $7,180 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).The price could decline a...Read More
The Kleiman v. Wright lawsuit continues following the plaintiff’s request to Judge Reinhart asking him to overrule Craig Wright’s recent objections. Wright’s council has responded in a joint discovery memorandum asking for access to data tied to David Kleiman’s 15 computers. Wright has also requested any documentation tethered to Ira Kleiman’s (Dave’s brother) real estate...Read More
Bitcoin’s massive upwards momentum that was first incurred when BTC bounced from its recently established lows of $6,400 has begun showing signs of faltering, as buyers have been unable to maintain the momentum as bears ramp up the selling pressure.It is important to note that one technical indicator is flashing a sign that BTC may...Read More
A U.S. district judge has ruled that former intelligence contractor Edward Snowden must turn over the proceeds of his new book to the U.S. government. According to the ruling, Snowden failed to obtain clearance for the materials and information used in his book. The same judge previously ruled against Kim Dotcom and Megaupload. Also read:...Read More
As Ethereum nodes kept falling over the course of 2019, nodes in Bitcoin’s network continued to grow. As per Trustnodes, Ethereum’s network was the largest when it came to the number of nodes, and the blockchain dominated the industry in terms of size. However, the number started falling in 2019, currently being down by around...Read More
Regulatory pressures as well as the development of third-party, intermediary and custodial services in the crypto space have been limiting the share of peer-to-peer trading. A new contender is now challenging established P2P exchanges by offering users a mobile service that allows them to determine the level of privacy they want to maintain, and use...Read More
The next Bitcoin parabolic rally may take prices as high as $141,173, based on logarithmic band analysis. But the trek to those highs may take a while testing various support levels. Bitcoin Price Prediction Based on Previous Bands Charted Forward Analysis by Benjamin Cowen based this prediction on a backward look at BTC performance so...Read More
According to recent estimates, bitcoin mining in 2020 is expected to take off at an explosive pace. Miners are predicted to mine around $3 billion worth of BTC as per the coin’s current price. Bitcoin mining has always been a crucial part of the BTC network. Mining involves validating transactions, adding blocks to the blockchain,...Read More
At a summit attended by leaders of Muslim countries, including Malaysia, Turkey, Iran, Qatar, and Indonesia, the Iranian president proposed creating a Muslim cryptocurrency to cut reliance on the U.S. dollar. The Malaysian prime minister supports the idea of a unified cryptocurrency for Muslim countries. Also read: Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings,...Read More
Bitcoin’s upcoming mining rewards halving – which is slated to occur in May of 2020 – has long been looked upon as a catalyst for next major BTC bull run, primarily due to the historical precedent of these events.In spite of this, one research group is now noting that the direct fundamental impact on Bitcoin’s...Read More
According to reports, the New York-based private equity firm Fortress is offering Mt Gox creditor claims at $778 per coin. The offer is 13.5% lower than what Fortress offered in July and Mt Gox claimants have until December 31 to accept the offer. Also read: Reports Criticize Bitcoin SV Miners and the Chain’s Upcoming Fork...Read More
Bitcoin’s buyers have been ardently defending the cryptocurrency’s newfound position within the $7,000 region, as it appears that selling pressure has been ramping up in the time following BTC’s surge from lows of $6,400.Although the bounce at this level was certainly a bullish sign, it is important to note that the momentum that resulted from...Read More
Bitcoin (BTC) has tended to look “boring” in 2019. But the coin has regular, dramatic price moves, exceeding 20% per day. This behavior has continued since BTC moved into the mainstream. Bitcoin Surprise Moves Happen Despite Overall Low Volatility Bitcoin saw volatile days from 2017 until now, with 20 occasions of price moves above 20%....Read More
The past four months saw Bitcoin volatility continue to rise, as prices moved between highs above $10,000 and lows near $6,500. But transaction levels also tell a story of sudden activity just before or during active rally phases. Bitcoin Activity Linked to Transaction Spikes, but Also Sharp Drops Bitcoin transactions, both in number and size,...Read More
