The pseudonymous inventor of bitcoin, Satoshi Nakamoto, who has yet to reveal their identity, may have indicated that they are still active in the cryptocurrency market. Bitcoin was the first decentralized cryptocurrency – a digital currency generated, or ‘mined’, when a computer solves a complex mathematical problem – and was invented after Nakamoto wrote a…
Bitcoin’s latest bearish correction is threatening to break below a crucial support level known as the 50-weekly moving average.The cryptocurrency’s two out of three breaks below the said technical floor resulted in more than 50 percent price crash.That puts bitcoin under the risks of falling towards $6,000 in the medium-term.A historically accurate technical indicator is…
Bitcoin has been subject to troubling price action over the past week.Since the May highs of $10,000 established in the wake of the halving, the cryptocurrency has been in a clear downtrend, with BTC now trading at $8,800 as of the time of this article’s writing. At the local lows, Bitcoin traded as low as…
Bitcoin has once again found itself caught within a bout of sideways trading as it struggles to garner any momentum as it hovers around the $8,800 region.This is around the price point at which it has been trading at throughout the past couple of days, and it does appear to be a critical support level.Although…
The mounting tensions between the US and China as a result of the ongoing pandemic have contributed to global instability and could ultimately provide a major boost to Bitcoin.The United States House of Representatives is now spearheading an effort to delist Chinese stocks from the US markets, claiming that they have long been able to…
A long-term trend following indicator is about to flip bearish on Bitcoin for only the fourth time in the asset’s short, eleven-year history.However, it doesn’t necessarily mean that more downside is coming for the first-ever cryptocurrency before the next bull market and manic, FOMO-buying phase begins.Long-Term Gaussian Channel About to Flip Bearish, But Indicator Can…
All throughout the crypto market, small-cap altcoins going on massive rallies brought back the return of talk about an impending altcoin season. However, a pair of coinciding sell signals triggering on Ethereum price charts likely brings what little, short-lived alt season that did take place to a conclusion already.Bitcoin and Other Major Crypto Assets Lead…
Bitcoin‘s hash rate, a measure of the amount of processing power fueling the cryptocurrency’s underlying blockchain protocol, has fallen to a low beyond the levels seen following the Black Thursday market collapse aftermath.Does this mean yet another, more severe selloff is possible in the day and weeks ahead?Bitcoin Hash Rate Falls To Levels Below Post-Black…
bitFlyer, a Tokyo-based crypto exchange, reported a 750 million yen loss for the financial year 2019.The deficit surfaced due to weaker-than-expected sales and return-on-investment, according to the firm’s business report.Bitcoin’s massive drop in the second half of 2019, as well as strict local regulations, further maximized bitFlyer’s losses.Japanese crypto exchange bitFlyer lost about 750 million…
Bitcoin is currently correcting higher from $8,645 against the US Dollar. BTC price needs to clear the $9,100 resistance area to start a strong upward move and avoid a major downtrend.Bitcoin is facing a couple of key hurdles near the $9,000 and $9,100 levels.The price must settle above the 100 hourly simple moving average to…