Despite having apparently lost his own Bitcoin holdings through private key mismanagement, Peter Schiff now seems to be an expert in securely storing the crypto asset. Apparently, the experience has given the BTC naysayer the authority to pass judgement on similar incidents of carelessness.Commenting on the recent example of an Irish drug dealer apparently losing…
One of the earliest Bitcoin proponents is facing criticism for publicly endorsing an alternative crypto asset. Trace Mayer, who recommended people buy Bitcoin back in 2010, appeared on a recent YouTube interview talking very highly of Mimblewimble Coin.Industry observers have taken issue with the fact that Mimblewimble Coin launched with a 50 percent pre-mine. Many…
The impact of COVID-19, better known as the coronavirus, has finally started to hit financial markets in a big way, but crypto has remained relatively stable for the normally volatile asset class. It’s caused the stock market to tank, but safe-haven assets like gold to surge. But what might this mean for Bitcoin and the…
Bitcoin is risking massive price declines below $9,000 as a historically accurate fractal indicates traders’ sell-off sentiment.The benchmark cryptocurrency’s tendency to retest the $8,750 level increased after it confirmed a bullish reversal pattern last week. Dubbed as Doji, the indicator is typically a session wherein an asset’s candlestick has almost the same opening and closing…
Despite Bitcoin’s extremely strong performance in 2019, crypto assets as a class didn’t fare too well. Sure, some altcoins like Litecoin managed to surge by hundreds of percent. But, the aggregate market capitalization of cryptocurrencies that aren’t BTC managed to register a slightly negative performance last year, with altcoin projects in Ethereum and XRP actually…
The bitcoin price strongly rejected the $10,000 level for the third time in the past two weeks, each time establishing a lower low. A top trader foresees BTC struggling to recover beyond $10k in the near future as momentum slows down.Why bitcoin is falling despite halvingAfter initially surging above $10,500, the bitcoin price has not…
Bitcoin climbed higher nicely above $9,800, but it failed near $10,000 against the US Dollar. BTC price is currently declining, but it is likely to find support near $9,640 and $9,500.Bitcoin price failed again to gain strength above the $10,000 resistance area against the US Dollar.It is down more than $250, but there are still…
Despite the brutal retracement the cryptocurrency market saw this week, a top analyst is getting bullish on Litecoin, citing an array of technical factors.While this may not seem relevant to many readers, as many of you may not trade or own the altcoin, LTC’s directionality could have a strong effect on the rest of the…
Just minutes ago, Bitcoin tested $10,000. This came after the cryptocurrency had flatlined at $9,900 for most of Sunday, seemingly trying to establish some directionality. Unfortunately, the brief surge to $10,000 failed, with the asset getting rejected right at the key resistance, the second time BTC failed to maintain an uptrend in the past 24…
Over the past few days, Bitcoin has been flagging. Ever since it peaked at $10,300 on Wednesday, it has been mostly downhill, with the leading cryptocurrency falling off a cliff on that very same day to $9,250 in an extremely short period of time.Despite this bearish price action, which has been somewhat negated by a…