A flash pump in the early London hours Thursday led the Bitcoin price above $16,000. As of 1000 GMT, the BTC/USD exchange rate topped for the day at $16,169, a level last occupied in January 2018 when the pair was correcting lower after establishing its record high near $12,000 the previous month. The sudden upside…
Bitcoin price made a 5% move today, poking above $19,000 momentarily. It is currently the largest daily climb of 2023 and since the FTX collapse. More significantly, the sharp rally tagged a level that triggered a possible trend change according to the weekly Parabolic SAR. In the past, the technical indicator has lived up to…
Yesterday, Bitcoin experienced a major breakout through $12,000 and in a flash was trading above $13,000. Buying on exchanges is picking up, which is, in turn, driving up prices. However, a “massive” wave of OTC buying suddenly could also be contributing to the bullish impulse. Here’s how. Bulls Push BTC To New 2020 High, Is…
While many in the crypto industry focus only on the monetary aspects of Bitcoin, the cryptocurrency and its respective blockchain have a technical side too, a side that isn’t often focused on.John Newbery, a developer at Bitcoin-centric development firm Chaincode Labs, recently broke down where he expects the network’s technical development trajectory to head next.Related…
Another week, another round of Crypto Tidbits. Bitcoin saw quite the past week in terms of price action, rallying from a low of $9,100 to as high as $9,900 (a high just set hours ago as of the time of this article’s writing). The asset is up 5% in the past week, per data from Coin360.Interestingly,…
The chief operating officer of global bitcoin payment service BitPay is not worried about the latest downward moves in the price of the largest cryptocurrency by market capitalization. Sonny Singh expects Bitcoin to surge towards the $15,000-$20,000 area over the next year as institutional incumbents launch blockchain-powered products. BitPay CEO Says Fidelity, Bakkt, Square, Blackrock,…
At long last, Facebook’s inaugural consumer-facing Bitcoin-related (albeit remotely related) project is upon us. To be announced on Tuesday morning, Libra (Reserve) is slated to be a stablecoin tied to a basket of traditional assets, presumably ensuring it is nothing like other crypto assets. Joining the social media giant in this venture are star massive…
Another week, another round of Crypto Tidbits.It’s been yet another volatile week for the Bitcoin market, just like the last. This week, the leading cryptocurrency made an attempt at breaking the crucial $10,000 resistance yet again, rallying as high as $10,050 on some exchanges and $10,160 on BitMEX.Many were quick to think that this move…
For the longest time, Bitcoin has been deemed useless by mainstream economists, investors, and others. LendingTree Chief Economist Tendayi Kapfidze told Yahoo Finance in an interview that he thinks Bitcoin is a “pyramid scheme,” citing his sentiment that you can “only make money [with BTC] based on people who enter after you.”But, a recent transaction…
It’s a new dawn. Credit card giant Visa is now in the cryptocurrency business. They won’t be buying and selling yet, though. Its new division will focus on advising everyone. From retail customers to financial institutions, even central banks can get information from Visa’s crypto experts. A lot of people still value the input traditional…