The head of the Security and Exchange Commission cleared the speculations of Market Shut Down by the government. The SEC believed the closing of the markets is rare but unprecedented. Investors should have access to their investment which is possible only if markets are running. The SEC Chair Jay Claton said that SEC was closely...Read More
After an attempt to break through the multi-week low of $8,400 this weekend, Bitcoin bounced back. Hard. Over the past 24 hours, the cryptocurrency has surged higher from $8,600 to as high as $8,970, nearing $9,000 for the first time since the brutal breakdown on February 26th. Below, the recent price action can be seen....Read More
Over the past few days, Bitcoin has fallen off a proverbial cliff. Contrary to the sentiment of many investors, the cryptocurrency fell through support levels as if they were nothing more than a knife going through hot bricks of butter. At the drop’s worst on Wednesday, BTC was trading at $8,520 on some exchanges. This...Read More
Over the past two days, the crypto market hasn’t fared too well. After peaking last week, the prices of digital assets across the board have tanked. XRP, the third-largest cryptocurrency by market capitalization, tanked from the multi-month high just a smidgen above $0.34 to as low as $0.265 — a hurting loss of over 25%....Read More
Bulls haven’t stepped in since the price of cryptocurrencies crashed by 10% across the board on Wednesday. Ethereum, as of the time of writing this article, is trading at $256 — just over 11% below the high of $288 seen just last week. While the drop sustained on Wednesday was already brutal in and of...Read More
On Tuesday, the crypto market mounted a strong recovery, with the prices of Bitcoin, Ethereum (ETH), and other digital assets strongly bouncing off the weekend lows. At Tuesday’s local peak, BTC was trading 8.4% higher than the weekend low of $9,500. And Ethereum had rallied some 20 or so percent from the weekend low. While...Read More
The crypto industry never has a dull day. Either one of the altcoins is faring well or Bitcoin pumps/plunges. Even the total market cap is subjected to the ups and downs. As per Coinmarketcap & Coingecko data, the total market capitalization has crossed the $200 billion barriers the first weekend of 2020. Coinmarketcap Over the...Read More
A recent statement from an online broker, TD Ameritrade, shows that the firm still hasn’t ruled out adding XRP to its platform, causing the coin’s community to speculate about its potential addition. The adoption of cryptocurrencies continues, and many expect that the following decade will be crucial for the crypto trend. With every little victory...Read More
Earlier this month, the one-week Bitcoin chart printed an extremely bullish sign: the golden cross of the 50-week and 100-week simple moving averages, with the former crossing above the latter. (As an aside, a golden cross is when a short-term moving average crosses over a long-term one to imply bulls have control.)Related Reading: Bitcoin Poised to Collapse...Read More
XRP hasn’t done too hot over the past few months, both in terms of its performance against the U.S. dollar and against Bitcoin. Even over the past year, the third-largest altcoin has collapsed by 50%, underperforming the leading cryptocurrency by a massive margin.Despite this, an analyst is starting to believe that the price of XRP...Read More
Earlier this month, Bitcoin (BTC) plunged as low as $6,400, marking a new multi-month low for the leading cryptocurrency. But as fast as the crypto dropped, it reversed, with BTC surging to $7,700 just last weekend on the back of bulls looking to buy in the $6,000s.Related Reading: Why Bitcoin Network’s Record 2019 Is Bullish...Read More
Although up 70% on the year, Bitcoin hasn’t had the best of 2019s from a market perspective, with the price surging 330% to $14,000 before seeing a precipitous drop to as low as $6,400 just earlier this month.Despite this harrowing price action, which some analysts say is indicative of mass complacency in the crypto market,...Read More
Ethereum’s price action has been largely bearish over the past several days and weeks, with ETH facing multiple strong rejections that have pointed to some underlying weakness amongst the cryptocurrency’s bulls.Analysts are now noting that Ethereum could be on the verge of incurring a major upwards movement, but that it may need to drop significantly...Read More
Monica Desai Weiss, an investor at the venture capital company, Kleiner Perkins, recently had an interview in which she shared her predictions regarding fintech and blockchain in 2020. The year 2020 is almost here, and with it, an entirely new decade is about to kick off. Many expect it to be the age of technological...Read More
If you’ve been on Crypto Twitter, you’ve likely heard the term “miner capitulation” time and time again in reference to Bitcoin.For those who have been living under a rock, Bitcoin’s drop which began earlier this year led the hash rate of the underlying network to flatline. This trend led the Hash Ribbons, an indicator tracking...Read More
After a precipitous drop to $6,400 earlier this month, Bitcoin (BTC) has seen a strong rebound, trading as high as $7,700 just this past weekend.While some say this a precursor to a return to the bull market that graced the cryptocurrency industry for the first half of 2019, analysts say it’s too early to be...Read More
As NewsBTC has covered over the past few weeks, a debate has erupted around Bitcoin’s impending block reward reduction. Informally known as the “halving” or the “halvening,” every four years the number of BTC issued per block (every 10 minutes or so) gets cut in half, resulting in a negative supply shock on the market.Analysts...Read More
The past few months haven’t been too kind to Bitcoin. Case in point, since peaking at $14,000 this June, the cryptocurrency has fallen by 50%, tumbling as low as $6,400 due to selling pressure from PlusToken and weak hands.Despite this strong retracement, a popular analyst is convinced that the future is bright for BTC. He...Read More
Last year’s holiday season wasn’t the best time for Bitcoin holders. For those who missed the memo, in November and December of 2018, the leading cryptocurrency tanked, falling off a proverbial cliff as investors capitulated, liquidating their BTC holdings in search of greener pastures. In fact, within a four week period, Bitcoin had entirely capitulated,...Read More
Japan has long been a hotbed for crypto adoption. Not only is the pseudonym of Bitcoin’s creator, Satoshi Nakamoto, Japanese, but some of the largest cryptocurrency companies have called the Asian country their home over the past decade. That’s not to mention that Japan is a technologically advanced society ready to adopt innovation.It should come...Read More
Is the bottom in? Since Bitcoin (BTC) fell precipitously to $6,600 late last month and $6,400 just days ago, analysts have been asking if the leading cryptocurrency has finally found a price bottom after a multi-month downturn.Related Reading: Eat My Shorts: Everything You Need To Know About The Bitcoin Bart PatternAnalysts have understandably divided over the...Read More
Although all eyes have been on Bitcoin as of late, it may be time to pay some heed to altcoins like Ethereum and XRP. According to a recent analysis of the ETH/BTC chart, Ether may soon rally by over 100% against the leading cryptocurrency Bitcoin, with technical and fundamental factors supporting a rally in this...Read More
At long last, Bitcoin (BTC) has started to show signs of life. Over the past 48 hours, the cryptocurrency has pressed higher, moving past the tight range in the $7,100s it was stuck in for days.Related Reading: CME Futures Data: Institutions Still Wary Despite Bitcoin’s Bullish SignsBy Monday morning, the cryptocurrency was trading as high as...Read More
Bitcoin hasn’t done over the past few months. Since peaking near $14,000 in June of this year, the price of the leading cryptocurrency has fallen off by 50%, tumbling under the pressure of an overextended market and bulls taking profit.For some reason or another, there are analysts that expect this pain to persist, citing an...Read More
Some four days ago, a Bitcoin analyst going by “Velvet” posted the chart below. In it is depicted BTC’s price action for the past 18 months, a Fibonacci Retracement of the $3,150 to $13,800 move, two trendlines, a moving average, and a vertical date marker for December the 22nd.$BTC #BTC #BTCUSDPresented with no comment: pic.twitter.com/hRrDaqM2IQ—...Read More
Once again, analysts have begun to flip bullish on Bitcoin (BTC), citing fundamental and technical factors to back their cheery sentiment. Though, not everyone is convinced that the cryptocurrency market is poised to see upside.Related Reading: Crypto Market’s Long-Term Trend is Positive: Binance CEO Explain WhyCME Futures Show Institutions Bearish On BTCEach week, the Chicago Mercantile...Read More
After days of no price action, Bitcoin (BTC) has started to show signs of life. The leading cryptocurrency broke higher on Sunday morning, pushing past the $100 range that had defined Bitcoin’s price for the better part of three days.Related Reading: What’s Next for the Bitcoin Blockchain? Top Developer Weighs InAs of the time of...Read More
If you’ve been on Crypto Twitter, you’ve likely heard the term “miner capitulation” time and time again in reference to Bitcoin.For those who missed the memo, when BTC started to tank last month, the Bitcoin network’s hash rate began to stall, failing to grow after months of growth in the cryptocurrency mining ecosystem. This trend...Read More
Despite what the news may imply, Bitcoin (BTC) is up on the year, having posted an over 70% gain. XRP, Ethereum, and other altcoins, on the other hand, have suffered, plunging under the weight of a volatile Bitcoin.Some cryptocurrencies have been hurt more than others. The most hurt altcoin in the top 10 has to...Read More
Statistics show that the Bitcoin price may be on the verge of seeing a red week. No, by red I don’t mean Christmas, I mean a week in which the cryptocurrency falls, potentially to enter back in the range of the $6,000s.Related Reading: Lightning Works: Bitcoin Podcaster Finds Restaurant Shunning Banks for BTCBitcoin Futures’ Imply BTC...Read More
