Bitcoin’s precipitous drop to $6,600 seen earlier this month caught many traders aback; nearly no one, not even the top traders and analysts, expected for that price action to play out as it did in real life. Few predicted the subsequent bounce to $7,800, where BTC sits as of the time of writing this, too.Though,…
Going by recent headlines, it appears as though central banks around the world are planning to or in the process of creating their own digital currencies.The coins, by their disruptive nature, are bound to attract attention from these banks. And with Facebook’s plans to launch the Libra, there are ever-growing challenges to their monetary authority…
Bitcoin price is trading within a tight range as of late. Even the few surges here and there in either direction, have resulted in the leading crypto by market cap falling back into the current range.The crypto asset likely stays within this range, at least until open interest on BitMEX reaches above 100,000 BTC –…
The price of bitcoin is set to receive a seasonal boost over the coming weeks, according to new analysis of the cryptocurrency. Research from digital currency exchange SFOX revealed that bitcoin has experienced positive market movements in the build-up to major US holidays in recent years. In the run up to Thanksgiving last week, bitcoin climbed by…
If you’ve followed the Bitcoin and cryptocurrency space at all over the past few years, you likely know of the term “HODL,” A misspelling of the word “hold,” HODL is a long-time meme used by industry investors who believe that BTC will appreciate over time.According to a recent report from the Wall Street Journal, HODL…
The US Marshals Service and FBI have updated an earlier warning against scammers impersonating law enforcement officers. The agencies say those behind the scams accuse a potential victim of a crime and demand payment via a Bitcoin ATM or another somewhat obscure payment method.It’s unclear how effective such scams are. The requested payment method should…
There are currently more Bitcoin keys with at least one satoshi associated with them than there has ever been before. The number of plus balance addresses is even higher than it was at the peak of the 2017 bull market. The figures, although problematic, give something of an indication of the number of Bitcoin users around…
Bitcoin owners have had many things to worry about over the past months. For instance, the price of BTC has tumbled by some 50% since June of this year, falling as low as $6,600 from $14,000. Also, there’s been increasing regulatory scrutiny from some of the world’s most powerful governments and entities due to Facebook’s…
Bitcoin was born out of despair. Hidden among the lines of code in the first ever batch of the cryptocurrency was a headline from the frontpage of that day’s edition of The Times: “Chancellor on brink of second bailout for banks”. It was 3 January, 2009, and the world was in the midst of the worst…
Following the immense volatility that Bitcoin (BTC) experienced earlier this week, the cryptocurrency has once again found itself caught within a period of consolidation as it trades sideways within the upper-$7,300 region.This sideways trading, however, may soon draw to a close, as one highly respected analyst is now noting that Bitcoin is bound to break…