Bitcoin is at an interesting price point in its decade or so on the market. The first-ever crypto-asset designed by Satoshi Nakamoto is no longer in a bear market, but not yet in a bull market, as it has yet to set a new all-time high or break past the remaining bear market resistance. That…
Bitcoin’s narrative is ever-changing. It started out with more of a focus on its use as a payment currency, or “peer-to-peer electronic cash system,” then the focus shifted to “store of value” once more investors began thinking long-term with cryptocurrency. The latest twist to the Bitcoin narrative has turned it toward a safe haven asset…
The Chinese investors do not think of bitcoin as a safe-haven asset, and they are not buying it, believes Peter Schiff of Euro Pacific Capital. The statement appeared amidst international media coverages about bitcoin’s price rise against a gloomy macroeconomic outlook. On August 1, US President Donald Trump said that he could impose 10 percent additional…
Bitcoin rose above the $11,800 level on Monday as People’s Bank of China (PBoC) pushed the Chinese Yuan to its decade low. At around 0740 UTC, the BTC/USD instrument established a local high of $11,860, up 6.67 percent in the past 24 hours. The move upward brought the pair’s 7-day gains to 23.93 percent. The…
Weekend trading for Bitcoin has been bullish but things really started to take off during Asian trading this morning. As BTC tapped a twenty four day high, it is now only $2k away from its 2019 peak and reaching it this week is not out of the question. BTC Taps $11,800 Bitcoin has not looked…
Bitcoin price rallied more than 8% and climbed towards $11,500 against the US Dollar. The price traded as high as $11,646 and it is currently correcting gains. There is a key bullish trend line forming with support near $10,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is trading…
Bitcoin and the aggregated crypto markets have incurred a significant amount of upwards momentum over the past few days that has allowed BTC to put a significant amount of distance between its current price and its recent lows of $9,100. Now, one Bitcoin advocate is claiming that there is a high possibility that the crypto…
Over the past month or two news and rumors regarding Facebook’s Libra initiative have dominated both crypto and mainstream news cycles, with many analysts claiming that the more centralized digital option could end up posing stiff competition to Bitcoin and other cryptocurrencies. Despite this possibility, Bitwise – a leading provider in index and beta crypto…
Bitcoin may be the beneficiary of a so-called “perfect storm”, according to industry research firm Delphi Digital, which recently released their quarterly macroeconomic-centric newsletter. Related Reading: Is Bitcoin’s Success Simply the Result of Clever Marketing? This Critic Thinks So Strong Digital Gold Narrative In a recent Twitter thread breaking down their report, Delphi, backed by…
Bitcoin (BTC) has managed to extend its gains into the weekend. As of the time of writing this report, the cryptocurrency is trading at $10,850, having flirted with prices a tad higher than $11,000 on Saturday. Related Reading: Visa Invest $40 Million in Crypto Startup, is Mainstream Acceptance Here? According to a growing number of…