Bitcoin started gaining momentum yesterday and saw its price increase above the coveted $10,000 mark. At the same time, gold continued its recent surge by marking a fresh all-time high. Some altcoins retraced heavily in the past 24 hours, helping Bitcoin’s dominance reclaim some lost ground. Bitcoin Stands Above $10k After weeks of trading within...Read More
What a weekend it was for Bitcoin. The primary cryptocurrency had breached to the 5-digit territory and concluded over $1000 addition to its value just in the past seven days. In our most recent Bitcoin analysis from two days ago, we stated that: “In case of a breakout – we are likely to witness Bitcoin...Read More
Bitcoin used to show a higher correlation to the stock markets, especially amid the lowest point of the pandemic. However, it has taken a different route during the last few days. Bitcoin-S&P 500 Correlation Departs from ATH Typically, Bitcoin is regarded as an independent asset that often acts as a safe haven. Its fundamentals are...Read More
A recent report revealed that while 70% of organizations based in Mexico utilize cloud services, their networks are alarmingly exposed to external threats. Local companies have particularly complained that the number of cryptojacking cases has increased in the past year. Cryptojacking Rises In Mexico The so-called cryptojacking term relates to cases when an attacker gains...Read More
It appears to be obvious that the boring days of Bitcoin trading are over. The cryptocurrency went on a spree over the past week, gaining more than 10% and breaking the coveted $10,000 mark for the first time since June. Bitcoin Price Does it Again: Over $10,000 The past couple of weeks were fairly boring...Read More
Bitcoin continued its steady bullish move, and currently trading safely around the $9,700 mark, while Ethereum has breached above the $300 level. Other altcoins have also marked significant gains in the past 24 hours, thus reducing BTC’s dominance over the market towards the 60% dominance, which is a new year low. Altcoins On The Rise...Read More
Rich Dad, Poor Dad author Robert Kiyosaki doubled-down on his vision that Bitcoin has the same role among young people as gold has among the elderly. He also noted that BTC and precious metals “make people smarter, richer, and stronger against Fed.” Bitcoin Will Make You Smarter And Richer: Kiyosaki The author of the New...Read More
Bitcoin maintains its position above the $9,500 level, while some altcoins mark impressive gains. Rumors from Binance CEO CZ about an upcoming DeFi involvement send BNB upwards. At the same time, the US stock market indexes decrease in value a bit while gold broke above the coveted level of $1,900 per ounce. Gains In The...Read More
Quick recap: after almost a month of dull price action around the $9200 mark, Bitcoin finally managed to break out. Last Tuesday, we saw a mini-rally in BTC, while the price went up to the next marked resistance at the descending yellow line (shown on both charts below), which is also the $9650 resistance –...Read More
A US federal court ruled that Bitcoin is a form of “money” covered under the District of Columbia’s (D.C.) Money Transmitter Act. The conclusion is part of a criminal action involving the U.S. versus Larry Dean Harmon, who operated a Bitcoin mixing platform. U.S. Court Regards Bitcoin as Money in Charges Against Helix Operator In...Read More
This week, unlike many of the previous ones, was full of excitement on the entire cryptocurrency market. For once, Bitcoin woke up from its sleep and staged an impressive performance, gaining about 5% of its Dollar value. While this may not sound like a lot for a whole week of trading, it’s important to remember...Read More
Bitcoin Bitcoin saw a strong 4% price rise this week, which saw it hit the $9,500 level. The cryptocurrency started the week by trading at the lower boundary of a symmetrical triangle near the $9,000 support region. From there, it rebounded higher, which allowed Bitcoin to break above the triangle and exit the previous phase...Read More
ESPN Global has recently developed an online gaming platform with blockchain technology. The E-Sports Programming Network’s gaming environment will allow users to compete with each other in a variety of game battles and tournaments, where they’ll be able to win money. Players Can Make Payments Via Bitcoin According to a news report, the upcoming platform will...Read More
Russian chess grandmaster Garry Kasparov is a supporter of blockchain, cryptocurrencies, and Bitcoin in particular. In a recent interview, he outlined some of the digital assets’ merits, including increasing personal protection and allowing people to reclaim control over their finances. Kasparov Believes Bitcoin Is Here To Help Arguably the greatest chess player of all time,...Read More
The total market capitalization has lost about 4 billion of its value in the past few hours, and the question is if this is simply a correction or a trend reversal. At the same time, the precious metal market continues to soar with record gains, particularly silver. Crypto Market Retraces By $4B Volatility returned to...Read More
Satoshi Nakamoto — the pseudonymous Bitcoin (BTC) creator — may have mined over 1.1 million bitcoins if the details from a recent report are to be believed. Early Bitcoin miners like Satoshi were able to use CPUs to secure the network during the project’s infancy. The $10.9B Satoshi Stash According to a report by Whale...Read More
Bitcoin peer-to-peer (P2P) trading volume in several countries, including India, Mexico, and Argentina, has hit all-time highs this week, according to data from LocalBitcoins and Paxful. Regular People in Developing Countries Are Actively Trading Cryptocurrency During the last two months or so, Bitcoin has been more stable than ever, fluctuating between $9,000 and $10,000. Binance...Read More
The increased number of fake Bitcoin giveaways on YouTube involving various celebrities has pushed Apple Inc co-founder Steve Wozniak to file a lawsuit against the platform and the parent company – Google. Wozniak Sues YouTube Because Of Fake BTC Giveaways Fake Bitcoin giveaways are a growing threat in the cryptocurrency industry. Scammers begin live streams...Read More
On Wednesday, July 15, Twitter accounts belonging to prominent individuals, including Elon Musk, Barack Obama, Bill Gates, Jeff Bezos, and a number of crypto industry executives, were commandeered by hackers who allegedly gained access to internal content moderation tools. A scam was posted requesting Bitcoin to get double the returns. The news went global, and...Read More
Bitcoin price has finally printed a higher high for the first time in over 50 days, after breaking bullish from the apex of a consolidating pennant (yellow lines on the daily chart). Over the last seven days, $16 billion had flooded back into the global crypto market, helping to drive the leading crypto and a...Read More
Reacting to positive news from the US, Bitcoin continued its decisive move forward, reaching an intraday high of $9,560. On its way up, the primary cryptocurrency took most of the altcoins along for the ride, and they managed to decrease BTC’s dominance to 61.6%. Bitcoin To $9,500 Following weeks of stagnant price actions, Bitcoin made...Read More
National banks and federal saving associations can now offer crypto custody services to customers following approval from regulators in the country. OCC Okays Crypto Custody Operations for US Federal Banks According to a letter issued by the Office of the Comptroller of the Currency (OCC) on Wednesday, U.S. Federal banks can now offer crypto custody...Read More
The latest data from on-chain analytics firm, Glassnode shows that the dollar value of transactions on the Bitcoin blockchain has been steadily increasing. Also, crypto research firm Messari has dispelled misconceptions regarding the failure of public blockchains like Bitcoin and Ethereum as payment channels. Median BTC Transfer Volume up 100 Percent Since 2020 Beginning As...Read More
The well-known economist and gold proponent, Peter Schiff, commented on the recent increase in the price of silver, saying that the metal has essentially become “the new Bitcoin.” The latter, on the other hand, has been particularly stable. Yesterday, the price gained just shy of two percent, which was the most action Bitcoin saw in...Read More
Owing to its decade long correlation with the S&P 500 stock market index, Bitcoin stock-to-flow (S2F) model propounder Plan B thinks that BTC should have surpassed it’s previous ATH and hit the $25,000 price mark. ‘S&P Implied BTC Price: $25K .. Interesting Times Ahead!’ Plan B takes an interesting place amongst numerous other ‘Bitcoin analysts’...Read More
After weeks of sitting in a tight range, Bitcoin finally made a move yesterday and conquered the $9,300 resistance. The majority of large-cap altcoins also followed the upward tick, and, as usual, there are some notable fluctuations among low-cap alts. Bitcoin Is Alive The last time the primary cryptocurrency stood above $9,300 for more than...Read More
After June 2020 had won the title for the least volatile month for Bitcoin since October 2019, then came July. So far, this month, Bitcoin had been trading in even a tighter range. The primary cryptocurrency had been adequately following the $9200 price, surrounding it, refusing to leave it, despite the ongoing craziness of the...Read More
The leading digital asset management company Grayscale Investments has received approval from FINRA for public quotations for two more of its cryptocurrency products. Consequently, shares of both Grayscale Bitcoin Cash Trust (BCHG) and Grayscale Litecoin Trust (LTCN) have become the first publicly-quoted securities in the US deriving value from Bitcoin Cash (BCH) And Litecoin (LTC)....Read More
Recent research has indicated that Ethereum has ‘blown past Bitcoin’ in terms of daily settlement value, which is a testament to how much economic activity has increased on the network. Ethereum Beats Bitcoin on Economic Activity Messari researcher, Ryan Watkins, recently posted his findings stating that a quarter ago, Ethereum had just about reached parity...Read More
Although the altcoin market remains highly volatile, most price movements in the past 24 hours have been sharp retraces with a few exceptions. Bitcoin, on the other hand, remains stable and hasn’t left its familiar trading territory of about $9,150-$9,200. In the traditional financial markets, the three largest US indexes are in the green as...Read More
