Bitcoin price has been consolidating in a tightening range for the better part of the last three months, and the crypto community has been watching and waiting for the first-ever crypto asset to make its next move and choose the trend for the coming year ahead. Bulls have been unable to push the price to…
A widely-followed Bitcoin and crypto asset market analysis Twitter account has been conducting a poll over the last few months. DonAlt asks followers “How much of your portfolio is in altcoins?” Sentiment appears to have changed about the altcoin market on the social media platform in tandem with rising levels of Bitcoin dominance. Bitcoin now…
Grammy award-winning musician Akon has come out in support of bitcoin, stating that it is neither volatile nor lacks intrinsic value. The comments appeared during the Breakfast Club, a popular radio show among the New Yorker, wherein Akon was joining as a guest. The hip-hop star confronted questions over bitcoin’s price volatility and how it…
Bitcoin was clueless about its direction on Tuesday as the chairman of the US Securities and Exchange Commission (SEC) hinted delays in the launch of the first bitcoin exchange-traded fund. The BTC/USD instrument was trading 0.65 percent lower at $10,242.60 as of 11:04 UTC. The move downhill extended the pair’s net week-to-date gains by 2.80…
At long last, volatility has begun to die down in the Bitcoin (BTC) market. Aside from brief, relatively small flash crashes, cryptocurrencies have begun to show some stability once again. Bitcoin, for instance, has found support at $10,000 for the umpteenth time in months, having managed to trade above that level for nearly two weeks…
Looking back at when derivatives products were launched for other asset classes may offer some insight as to what will happen to Bitcoin markets. Analysts have been doing just that and the results are extremely bullish on paper but there could be some differences with crypto assets. Bitcoin Futures Good or Bad? To draw comparison,…
Long term price predictions for Bitcoin are always positive since very few industry analysts see things going south for the technology. This year has been very bullish for BTC, compared to the nightmare it had last year. Looking at the charts though could spell quite a long wait for the next market cycle peak. Bitcoin…
Throughout the course of the long crypto winter that extended throughout 2018 and into the early months of 2019, Bitcoin (BTC) miners faced deep losses that led many of them to shut off their rigs, which was seen by many as being detrimental to the crypto’s network health. New data suggests that the price gains…
Central banks hoarding gold is thought to be accounting for a lot of the buying pressure sending the price of the precious metal upwards recently. Such a hunger for hard assets may one day see banks stock piling Bitcoin as part of their de-dollarisation efforts. Central banks in both Russia and China have been identified…
Once an individual gets started in investing or trading crypto assets like Bitcoin, they should very early on in their journey encounter some commonly cited advice: never invest more than you can comfortably afford to lose; not your keys, not your Bitcoin; and never disclose how much crypto you hold, as it could very well…