Bitcoin (BTC) has incurred increased volatility as of late, which was first sparked when it briefly touched $9,400 before surging to highs of $10,800, which is the price at which it faced some levels of resistance. Analysts are now noting that BTC is still trading within a long-established wide trading range, and that its mid-term…
The price of bitcoin surged by $5,000 on April 2, a 23 percent jump that many believe was sparked by an article published on April Fool’s Day. Its title was “SEC drops the Bomb: Approves Bitcoin ETFs.” ETFs, a backronym for Exchange-Traded Funds, have lately caught up with the imagination of cryptocurrency investors. To them,…
The Bitcoin price has been on an absolute tear of the past year. Despite the cryptocurrency currently trading some 20% lower than its $14,000 year-to-date high, BTC is still up some 200-odd% since January 1st. With this move, many have been left wondering, “who the hell is behind the crypto market’s resurgence?” Related Reading: Major…
One of the current negatives in the crypto industry is the tribalism and Bitcoin bickering between rival clans online. While healthy discussion on the pros and cons of virtual money should be encouraged, it often deteriorates into digital mudslinging which detracts from the real issues at hand. Schiff vs Pomp in Bitcoin Battle Goldbug Peter…
Bitcoin price extended its rally and climbed above the $10,500 and $10,650 resistances against the US Dollar. The price is currently correcting lower after trading to a new monthly high at $10,790. There is a major bullish trend line forming with support near $10,400 on the hourly chart of the BTC/USD pair (data feed from…
After surging past $10,000 yesterday, Bitcoin (BTC) has been able to further extend its upwards momentum and is now nearing its next key resistance level that lies within the upper-$10,000 region. Bitcoin’s recent surge has drastically altered the overall market sentiment for the better, but some analysts are expressing caution and are noting that it…
The altcoin market continues to bleed out, setting one fresh low after the next. It’s caused the overall crypto market sentiment to reach extreme fear and despair, with many worrying that the altcoins they hold may never again return to their previous all-time high prices. However, career trader Peter Brandt says that the fate of…
Bitcoin will never supplant the US dollar, believes Joe Weisenthal of Bloomberg Markets. The chief editor today invited bitcoin evangelists to fight his belief as the cryptocurrency soared towards the $10,500 valuation. He shared excerpts from their Bloomberg newsletter, which showed an unnamed author discussing how bitcoin supporters project it as a solution to almost…
Bitcoin miners operating from the hydropower-rich Chinese province of Sichuan are increasing the carbon footprints in the area, according to a rival cryptocurrency enthusiast. "But Bitcoin Mining is done with clean energy." No, it is not. In LCA, the mix of the grid should always be used, as long as it is not self-generated. There…
Bitcoin continued its ride to the upside as investors/speculators weighed in the prospects of dwindling government currencies. The benchmark cryptocurrency today established a session high of $10,500, bringing its five-day gains to as high as 12.44 percent on San Francisco-based Coinbase exchange. The move appeared after a depressive August, wherein bitcoin lost about 25 percent…