fbpx
Another week, another round of Crypto Tidbits. Again, Bitcoin (BTC) saw a relatively meek week in terms of price action, or lack thereof; the leading cryptocurrency fell by 5% over the course of the week, but still seems to be stuck in a tight range as a trend fails to be established. Despite this, the…
Every time Bitcoin dumps a double digit percentage panic floods the crypto community and the doom merchants start rejoicing. This has happened so many times before and every dump has eventually turned into a sustained rally. Nothing is new this time as previous corrections have shown. Bitcoin Market in 2013 Compared to Now Observing previous…
Bitcoin price just formed a death cross of the 50-day and 200-day moving average, a sign that typically signals to investors that the asset in question is in an unhealthy state and could see further downside.However, Bitcoin is anything but typical, and the last time this event occurred, the leading cryptocurrency by market cap broke…
Litecoin’s halving is just three days away – an event hard-coded into the Litecoin protocol, aimed at reducing the block reward miners receive, which therefore reduces the supply of LTC and can have the effect of throwing off the delicate balance with demand. This typically results in a pre-halving “pump” which did appear to be…
Bitcoin price trading in a tight range above the $3,375 support area against the US Dollar. There is a key connecting bullish trend line formed with support at $3,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price might correct higher in the short term towards the $3,430 and $3,350…
Blockchain start-up and XRP proponent Ripple says it’s raised a $200 million investment round, lifting its valuation to $10 billion. Despite this move, critics worry whether Ripple and its XRP digital currency have a future in the space when up against CBDCs, stable coins, and XRP’s biggest competitor, Bitcoin. Ripple Hopes Funding Refutes XRP Skeptics…
Karma Automotive, a luxury car manufacturer based in California, has just announced its intentions to explore blockchain technology with its shareholders. The means by which the firm intends to this is by accepting Bitcoin. Although NewsBTC has featured many so-called Bitcoin acceptance stories in the past, this one appears to have a big difference. Karma…
Bitcoin price failed to accelerate above $10,700 and declined recently against the US Dollar. The price broke the key $10,500 and $10,400 support levels to move into a short term bearish zone. There is a new bearish trend line forming with resistance near $10,350 on the hourly chart of the BTC/USD pair (data feed from…
Although Bitcoin has been unable to find any noteworthy buying pressure in the low-$4,000 region ever since it advanced to this price level, when looking at a larger time frame it becomes apparent that BTC is not currently bearish, despite its persisting bout of sideways trading. One analyst is quick to point out that Bitcoin…
Bitcoin has had a tough week, to say the least; after peaking at $9,200 on Saturday, the cryptocurrency started a precipitous decline, falling through support level after support level as if they were irrelevant.Indeed, at the crash’s worst on Friday morning, the cryptocurrency had reached a price as low as $3,800 (or $3,200 on some…