There’s a theory, dubbed “The Halloween Effect” that believes that stocks and other assets like Bitcoin perform best starting from October 31 through May, then they do during the other half of the year. Will Bitcoin price benefit from such effect, or is the idea nothing more than an appropriately spooky superstition for this time…
Retail investors in Canada will soon be able to get exposure to Bitcoin through a fully-regulated, closed-end fund. The world first, as it is being described, is the result of a battle between fund manager 3iQ and the Ontario Securities Commission. The imaginatively-titled “The Bitcoin Fund” should be available to Canadian retail investors later this…
Bitcoin and other cryptocurrencies are often requested by hackers after deploying ransomware on unsuspecting user’s computers due to the layer of pseudo-anonymity they provide. The leading crypto asset by market cap is once again at the center of a major ransomware attack that’s left the South African city of Johannesburg in a state of lockdown.…
Bitcoin is trading at a large premium on cryptocurrency exchanges in Argentina. Demand remains high after the nation’s central bank announced a further tightening of a limit on the number of dollars an individual can purchase from it each month. The policy essentially forces the people of Argentina to either sink of swim in an…
Bitcoin held to a stable range as investors wait for the Federal Reserve to take a final call on introducing another interest rate cut. The benchmark cryptocurrency was trading at $9,171.54 as of 10:13 UTC, down 2.75 percent from the market open. At its session high, bitcoin attracted a bid of $9,431.36 on the San…
Bitcoin price is currently correcting lower and is trading below $9,500 against the US Dollar. The price is likely to decline further towards $8,700 before it could rise again. Yesterday’s highlighted key bearish trend line is intact with resistance near $9,460 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price…
Sometimes you get the feeling that certain industry pundits would rejoice if Bitcoin and crypto markets crashed and everyone got wiped out. New ideas and technology frightens a lot of people, especially the old school types that have made their money in other investments. Bitcoin Holding Steady We are now into the fifth day since…
According to some, the need for Bitcoin (BTC) and decentralized digital money was just validated as a financial institution in the U.S. has suddenly gone offline. Over the past hour, reports have flooded in from thousands of Twitter users, including an NBC reporter, regarding Bank of America’s services. These users, which again, count in the…
Last week, news that Chinese President Xi Jinping spoke in support of blockchain technology, caused crypto markets to surge and Bitcoin to set its third-largest one-day gain percentage-wise in the asset’s ten-year history. Price action has since slowed, however, according to metrics from popular Chinese websites, interest in Bitcoin remains just as high, and could…
Last weekend, Bitcoin (BTC) saw a historic move: in under 24 hours, the leading cryptocurrency shot higher by 42%, finding itself trading at $10,500 after falling as low as $7,300. This marked Bitcoin’s fourth-largest daily move in its history, and the largest move upward since 2011. Crazy, right? This move was undeniably bullish. However, not…