The launch of one of the most anticipated bitcoin custodian solutions went unnoticed in the spot market. The bitcoin price on Monday continued to trend inside a negative territory as Bakkt, a digital asset platform backed by Intercontinental Exchange, opened its bank-grade bitcoin storage solution, Bakkt Warehouse. The BTC/USD rate dipped by more than 1.5…
Bitcoin price is under pressure and it recently declined below the $10,500 support against the US Dollar. The price is struggling to climb higher and is approaching the $10,200 support area. There is a key bearish trend line forming with resistance near $10,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).…
As the Bitcoin consolidation continues, traders and analysts are scouring the charts again looking for the next direction. In the short term most are of mixed opinion but one analyst has predicted a big fall before any upward price momentum is resumed. Bitcoin Biding Its Time For more than two months now BTC has been…
There are a number of differing metrics analysts use to determine the health of the Bitcoin ecosystem. Hash rate and transactions are two of the most popular but distribution in terms of the number of addresses can also be used to determine adoption rates. Bitcoin Addresses Increasing Over the past two years the number of…
The real-life Wolf of Wall Street has warned investors over Bitcoin, labelling it a “huge scam”. Jordan Belfort believes the cryptocurrency is in a bubble and could be set to plummet in value soon. The former stockbroker, whose market manipulation and fraud crimes in the 1990s were subject of the 2013 film starring Leonardo Di…
Ever since Bitcoin (BTC) was birthed, its early adopters have dreamed of a world where cryptocurrency is the go-to medium of exchange, not fiat currencies. But, ten years since Bitcoin was released, this dream has not been had. Related Reading: Bitcoin Pioneer Adam Back: BTC Price at $50,000 “Not Far Off” Cryptocurrency pundits on Twitter…
Over the past week, Bitcoin (BTC) has managed to embark on a strong recovery, gaining some 10% after a brutal drawdown to $9,300. Despite this, one indicator says that the cryptocurrency is still well overvalued, potentially by upwards of 35%. But does that mean Bitcoin is going to fall to its “fair value”? No, unlikely not.…
Another week, another of Crypto Tidbits. At long last, the Bitcoin price saw some bullish action this week, gaining some 10% over the past seven days according to Coin360.io. While BTC is trading 4% lower from its weekly highs, analysts are starting to believe that the trend for the cryptocurrency market is finally pointing upward…
There was a steady rise in bitcoin price above the $10,500 resistance against the US Dollar. The price is currently correcting lower after it traded to a new monthly high close to $11,000. There is a key bullish trend line forming with support near $10,200 on the 4-hours chart of the BTC/USD pair (data feed…
Bitcoin’s recent surge up to highs of over $10,800 drastically shifted the overall market sentiment and had led many investors and analysts alike to believe that BTC was highly likely to move past $11,000. BTC’s subsequent drop from these levels, however, invalidated this perceived bullishness, and now a prominent analyst is explaining that Bitcoin is…