Bitcoin has continued to move lower as bears take full control of the cryptocurrency’s price action, and it now appears to be a certainty that BTC will revisit its November lows that were set at $6,500 roughly three weeks ago.This current bearishness has drastically impacted the overall market sentiment for the worst and has led…
The stock price of Canaan Inc, a bitcoin mining giant based in Beijing, has dropped by $12 to $5 since November 25, by more than 58 percent. It comes after the price of BTC abruptly declined from $7,700 to $6,600 in the same period.In recent months, as seen in the balance sheet of major mining…
Cybercrime is growing at an exponential rate, and showing zero signs of slowing down or stopping in the near future. As technology advances, so do the tactics used by these criminals, especially surrounding crypto.One particular group of hackers that has been wreaking havoc across the United States as of late, has escalated their ransomware attacks…
Bitcoin’s entire 2019 rally from trough to peak, is nothing more than a “textbook echo bubble” according to a former IMF economist.If the well-known economist is correct, knowing this fact could provide some clues about what happens next for the first-ever cryptocurrency.Bitcoin Forms Textbook Echo Bubble, According to Mark DowAfter Bitcoin bottomed out late last…
The downtrend continues for Bitcoin price, as the leading crypto asset by market cap reached $6,600 today, showing that bears remain in complete control over the current state of the crypto market.Will bulls finally step in and bring a much-needed relief rally, or will Bitcoin continue to fall back towards its bear market bottom and…
Binance Coin (BNB), the eighth-largest cryptocurrency by market capitalization, opened on Tuesday in a severely negative area as a string of poor fundamentals scared investors away.BNB plunged by 5.78 percent, or $0.77, to trade at $12.65. The latest downside move came as a part of an extended bearish correction seen across the entire cryptocurrency market.…
Bitcoin price is down around 4% and it broke the key $7,000 support against the US Dollar.The price is likely to continue lower towards $6,500 or $6,200 in the near term.There is a short term contracting triangle forming with resistance near $6,880 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair…
Bitcoin has faced turbulence throughout 2019, with the first half of the year being firmly controlled by bulls that sent it as high as $13,800, while the second half of the year played to the favor of BTC’s bears who were able to push it as low as $6,500.The downtrend that was first sparked this…
Bitcoin’s bulls have continued to hold Bitcoin’s price above its key near-term support level at $7,000 and defended this level from some heightened selling pressure yesterday that came about just prior to BTC’s weekly close.The ardent defense of this level comes about as Bitcoin shows signs of having a bearish market structure, and there are…
Since the end of November, Bitcoin has found itself trading within a narrow band. Support appears to be holding at $7k, but the general sentiment is still bearish. The Call/Put Ratio for BTC Options shows that Puts are nudging almost 0.75 on the latest daily, implying that investors are speculating a move lower, or hedging…