Swiss media outlet Handelszeitung has published a full-page spread singing the praises of cryptocurrencies and underlying Distributed Ledger Technology (DLT). Accompanied by a step-by-step guide to help newbies learn how to buy and properly store the coins, the article is a welcome sign that enthusiasm is strong and adoption is still on the rise despite…
Andreas Antonopoulos doesn’t foresee any change in the positions of the top two digital currencies by market capitalisation any time soon. The author, computer scientist, and long-time cryptocurrency advocate believes the first mover advantages of Bitcoin and Ethereum will be impossible to overcome. Bitcoin currently enjoys a comfortable market capitalisation lead over its nearest rival,…
For some reason or another, discussing Bitcoin at the Thanksgiving dinner table has become somewhat of a meme. Thanksgiving, after all, is when you spend time with the closest people in your life, the people who may listen to your drunk ramblings about the potential of blockchain or why a certain cryptocurrency (or investment for…
On Wednesday morning, it seemed as though things were about to go south for the Bitcoin market yet again. For those who missed the memo, notable Korean cryptocurrency exchange Upbit revealed that it had been hacked for $50 million worth of Ethereum (ETH), sparking an immediate 2% sell-off that some described as a “black swan”…
Bitcoin price is recovering and it recently broke the main $7,375 and $7,400 resistances against the US Dollar. The price is likely to start a strong rise to $8,000 once it clears the $7,700 resistance. There is a short term contracting triangle forming with resistance near $7,540 on the hourly chart of the BTC/USD pair…
Bitcoin’s position within the lower-$7,000 region has been ardently defended by the cryptocurrency’s bulls over the past several hours and days, with the crypto’s overnight drop into the upper-$6,000 region being met with significant buying pressure that allowed BTC to post a sharp bounce to highs of $7,400. It is important to note that this…
Because Bitcoin is a new, emerging technology unlike anything before it, it is difficult to give the speculative asset a meaningful value, and instead, market dynamics like supply and demand take over. One attempt to assign a fair market value to Bitcoin has been done through a highly-cited stock-to-flow model. However, Bitcoin price is now…
If you’ve been on Crypto Twitter at all over the past few hours, you’ve likely noticed this Ethereum transaction. The transaction, which is for 342,000 ETH (valued at nearly $50 million as of the time of writing this), was sent from Upbit, a popular Korean exchange, to an unknown, unmarked wallet out of nowhere. 🚨…
Bitcoin is currently trimming gains after struggling to clear the $7,400 barrier against the US Dollar. The price is likely to stay above the $7,000 and $6,950 support levels in the near term. There is likely a bullish flag forming with resistance near $7,170 on the hourly chart of the BTC/USD pair (data feed from…
Bitcoin (BTC) has been caught in the throes of immense volatility over the past several days and weeks, with the cryptocurrency recently dropping to lows of $6,500 before posting a sharp bounce to $7,400. The momentum sparked by BTC’s bounce at $6,500 appears to be faltering, however, which could signal that it will soon drop…