Bitcoin has further extended its bout of consolidation as it continues trading sideways around the $8,200 level, which appears to be a key support level that BTC’s bulls need to defend in order for the crypto to move higher in the near-term. Analysts are noting that Bitcoin is currently forming what could be a long-term…
The authorities in India appear to have fallen victim to their own anti-crypto regulations. Money seized from a convicted Bitcoin scammer is currently sitting trapped in a frozen State Bank of India of bank account. The authorities had originally hired a local trading venue to take care of exchanging the $1.1 million in Bitcoin for…
A new technical analysis indicator has been launched that is named after an iconic trader who accurately predicted Bitcoin’s bottom over a year before it happened, due to his familiarity with parabolic assets retracing after an overly powerful rally. The indicator in question gave a sell signal just before last week’s massive Bitcoin price crash,…
After last week’s bloodbath, it seems that the Bitcoin price has started to settle. As of the time of writing this (Thursday morning), BTC has found some stability around $8,350, trading up 2% on the day. Altcoins have also started to stabilize and flip green, following in the footsteps of the market leader. Analysts say…
According to sources close to CNBC, the White House considered blocking US firms from investing in China. Shares of major Chinese companies dived on Friday, as the rumors gained traction. However, shortly after this, the US Treasury waded in to quash the rumors. All the same, with trade talks due to resume on October, 10th,…
While readers might not have heard of Michelle Phan, Bitcoin adoption may be dramatically boosted by this one social media star. The Asian-American Youtuber, who sports a channel with over eight million subscribers and over one billion video clicks, recently doubled down on her love for the leading cryptocurrency, sticking to her guns even amid…
Bitcoin price is holding the $8,200 support area with positive moves against the US Dollar. The price is likely to revisit the $8,500 resistance area and it might even surpass the stated level. There is a new connecting bullish trend line forming with support near $8,300 on the hourly chart of the BTC/USD pair (data…
A Russian scientist has received a fine for mining Bitcoin at a top-secret nuclear facility. Denis Baykov has been ordered to pay 450,000 rubles, or about $6,900 for his involvement in the scheme. The incident is the second of its kind reported this year. Earlier in 2019, scientists at a Ukrainian nuclear power plant were…
Bitcoin (BTC) has surrendered the majority of the upwards momentum that it incurred earlier this week and is now sitting at a key support level that bulls must hold if they want to propel the crypto any further in the near-term. It is important to note that the muted response to this support level may…
Bitcoin plunged on Wednesday as a weak US manufacturing data intensified anxieties over the health of the global economy. The benchmark cryptocurrency was down by $63.73, or 0.77 percent, to trade at $8,257.79 as of 13:41 UTC. At one point during the Asian session, it slipped towards a session low of $8,168.85, consolidating within a strict…