In an exciting showcase of the capabilities of Bitcoin’s network, someone has included a message in a specific BTC transaction, welcoming his newborn son to the world. Hello, Noah! In a rather interesting Reddit thread, a user of Bitcoin’s network demonstrated one of the more compelling use cases of its blockchain. “I immortalized the birth...Read More
Recent data revealed that the number of positive Bitcoin mentions on the popular social media platform Twitter has dropped significantly since the halving in May. At the same time, the fear and greed index has downgraded from its neutral stance in May to a more fearful state in June. Twitter BTC Positivity Drops According to...Read More
This weekend was rather exciting for Bitcoin’s price as it finally made a decision and broke out of a rather tight trading range. Unfortunately, it was to the downside, and BTC touched $8,816 on Binance Futures yesterday. Most of the large-cap cryptocurrencies followed Bitcoin but are now recovering while BTC continues to fight for the...Read More
Court documents reveal the self-proclaimed creator of Bitcoin, Craig Wright, may have subjected himself to a suicide attempt in May 2016. That’s according to the deposition of Bitcoin developer Gavin Andresen, who recounted the story during the ongoing trial between Craig Wright and the estate of Dave Kleiman. Context: Craig Wright’s Failed Attempt to Move...Read More
So far, this weekend hadn’t been the best for the price of Bitcoin. The primary cryptocurrency recorded its lowest level over the last 30 days. Trading for $9800 just six days ago, Bitcoin dropped as of yesterday to nearly $8800 on most leading exchanges. The Good and The Bad News As of writing these lines,...Read More
The crypto investors suffer from hard days recently, as the primary cryptocurrency tumbled approximately $1000 over the past five days. After a long battle to maintain the $9K mark, Bitcoin finally lost, and immediately plunged to $8816 on Binance Futures exchange, which is the current daily low, as of writing these lines. Aside from a...Read More
The CEO of SchiffGold, Peter Schiff, responded to claims by RT news host Max Keiser that he would end up panic-buying Bitcoin when its price hits $50,000. Schiff suggested Bitcoin’s dollar value would drop as low as zero – although implied Keiser might consider selling at $2,000. Shortly afterward, Bitcoin developer and Blockstream CEO, Adam...Read More
Popular cryptocurrency YouTuber recently posted a chart illustrating that if Bitcoin repeats its previous significant bull run from 2017, its price could exceed $300,000 by the end of 2021. Interestingly, this highly optimistic prediction corresponds with the well-known BTC stock-to-flow model. BTC To Over $300,000? Bitcoin price predictions are among the most commonly discussed threads...Read More
A recent report warned that most malicious Google Chrome extensions have come from a single Internet domain registrar – CommuniGal Communications (GalComm) and have been downloaded nearly 33 million times. Such malicious extensions have proven to be alarmingly dangerous to cryptocurrency investors as popular proponent recently lost all of his Bitcoin savings. Suspicious Google Extensions...Read More
Only five days ago, the price of Bitcoin touched $9800, followed by another failure to break up the critical descending trend-line (marked yellow on the following daily chart). Since then, the primary cryptocurrency had been correlating with the plunging global markets, and as of writing these lines, Bitcoin is trading slightly above $9000. The Micro...Read More
The last seven days weren’t so fruitful for Bitcoin. After trading in a relatively narrow range for a while before that, the BTC price gradually increased to about $9,700 on Wednesday. On the same day, however, the price tumbled during the same day and started declining. Immediately after that, Bitcoin retraced to about $9,000 before...Read More
Bitcoin Bitcoin witnessed a 1.5% price decline over the past week as the cryptocurrency drops into the $9,190 level. The coin was trading at this price at the start of the week as it managed to push higher into the $9,815 level. BTC was unable to overcome this resistance, which caused it to fall back...Read More
A quick recap: over the past week, we mentioned the dull static price action of Bitcoin between the tight range of $9200 to $9500, forming a 30-days long symmetrical triangle. As we anticipated a breakout of the triangle – that will be followed by a massive price move – yesterday it did happen. Bitcoin price...Read More
Well-known American investor and financial commentator Jim Rogers still believes that Bitcoin is largely overvalued, and its price will eventually plunge to zero. He argued that virtual currencies are just gambling, and the volatility behind the market will play a significant role in destroying it. Jim Rogers: Bitcoin Is Heading To Zero In a recent...Read More
Mainstream media Bloomberg has been doing some spendings in online advertisements to promote Bitcoin and cryptocurrency-related content. Spending Money To Promote Bitcoin Bloomberg is boosting its Bitcoin articles for more visibility on Facebook through paid promotion, according to an ad seen on the social media platform today. Although how long the media giant has been...Read More
The perpetrators behind the alleged cryptocurrency Ponzi scheme PlusToken have transferred over 26 million EOS tokens from one of the wallets linked to the project to an unknown address. Historically, similar events have driven down the price of the moved asset, which brings the question if there will be any short-term consequences for EOS. PlusToken...Read More
The controversies surrounding Bitmain continue as recent reports have it that Jihan Wu has allegedly been involved in illegal activities, putting his wills and interests above the law. New Reports Spark More Controversy Toward the end of last year, Jihan Wu, who had previously stepped down as the co-CEO of Bitmain, assumed control once again....Read More
Binance is currently the world’s leading cryptocurrency exchange by means of the trading volume. Launched in 2017, the company has managed to become a standard in the industry quickly. Despite its fast phase growing, the giant exchange launched Binance Futures, the cryptocurrency derivatives trading platform of Binance, only in September 2019. Binance Futures allows users...Read More
While Bitcoin encountered lots of turbulence in the past three years, people’s perception regarding the primary cryptocurrency has improved significantly, a recent study revealed. By comparing data from 2017 and April 2020, it concluded that more people are ready to trust it over traditional financial institutions and assets, especially after the COVID-19 pandemic. 2017 Vs....Read More
Over the past two days, Bitcoin (BTC) price maintained the same $9200 – $9500 trading area that followed its price action for quite some time. Bitcoin is known for its volatility and does not tend to stay at one place for long, or trade at a tight range of 3-4% for days already. As we...Read More
Bitcoin recently received a notable acknowledgment from a massive global automotive brand. In a celebratory video for the 50th birthday of one of its most prominent models, the British car manufacturer Land Rover included the creation of the BTC network as a significant event in the past 50 years. Land Rover Acknowledges Bitcoin Headquartered in...Read More
According to a new publication of the Federal Reserve Bank of New York, Bitcoin is not a new type of money. The authors argue that it’s a new type of exchange mechanism, capable of supporting money transfer. The well-known economist and author Peter Schiff backed up the claims, reiterating that once savers lose confidence in...Read More
The past 24 hours saw Bitcoin losing an important support level at $9,400. At the same time, the entire market continues to slowly bleed out, as it has been doing for the past few days. Bitcoin Price Below $9,400 As CryptoPotato reported yesterday, Bitcoin continues to trade within a range between $9,200 and $9,500 for...Read More
According to a recent report, the majority of all mined bitcoins are held by long-term investors, while only 19% is utilized for trading. Although professional traders are roughly only 4% of the market, they are largely responsible for significant price developments, the research added. BTC HODLers On The Rise The cryptocurrency monitoring company Chainalysis recently...Read More
The last seven days were relatively calm when it comes to Bitcoin as it marks a slight decrease of less than 1%. However, on June 15th, the price dropped to about $9,000, but it managed to recover very quickly and has traded in a narrow range since. Overall retail interest in the asset seems to...Read More
Bitcoin Bitcoin saw a period of sideways movement over the past week as it dropped by a small 0.5%. The cryptocurrency has pretty much traded between $9,600 and $9,200 over the past seven days as it remains above the rising trend line support. So long as BTC can continue above this rising trend line, the...Read More
According to a popular metric, Bitcoin has dropped back in a “buy zone.” Historically, it has been an attractive point for investors to accumulate as a price surge has followed on most occasions. Bitcoin’s PM Indicator Drops To 0.5 The Puell Multiple is a metric calculated by dividing the daily issuance value of bitcoins in...Read More
Over the past days, Bitcoin price was mainly trading around the $9400 mark, following the MA-50 pink line of both the attached 4-hour chart and the daily. This dull sideways action had started a week ago, and despite a little glitch below $9200, we can say that the trading range had been $9200 – $9500,...Read More
The host of the Protocol Podcast, Eric Savics, became a Twitter sensation overnight as he posted a video explaining how he lost his 12 BTC. Supposedly, these were his savings that he hoped he’d be able to buy an apartment with and he’s been putting the money aside for the past seven years. Now, however,...Read More
President Donald Trump has urged Treasury Secretary Steven Mnuchin to “go after Bitcoin” as early as mid-2018 amid the ongoing trade war with China, according to an unpublished book written by his former national security advisor John Bolton. Trump Against Bitcoin President Trump has not been supportive of any cryptocurrency as he pointed out himself...Read More
