With so much negativity suddenly in the crypto market following increased regulatory concerns surrounding Bitcoin, Facebook Libra, and the rest of the asset class, the sell pressure and fear has caused altcoins to capitulate and even Bitcoin to begin to crash. Altcoins are not only dropping to new lows in USD value, but their BTC…
Bitcoin (BTC) steady below $10,000 Hangzhou Internet Court recognizes Bitcoin as property China may be restrictive, but Chinese miners plays a vital role in the Bitcoin ecosystem. Therefore, despite the People’s Bank of China stance, the ruling from Hangzhou Internet Court is bullish. Currently, BTC is up 3.8 percent week-to-date. Bitcoin Price Analysis Fundamentals Chinese…
On Wednesday, Bitcoin (BTC) continued to weaken, falling to a weekly low of $9,600 as buyers failed to step up to the plate. As of the time of writing this, the cryptocurrency trades at $9,750, still over 5% higher than the monthly low of $9,150. Related Reading: Analysts Believe Bitcoin is on The Path to…
Since its inception over ten years ago, Bitcoin has drawn a multitude of criticism. We, in the community, have had to contend with swipes about volatility, illegitimacy, and perhaps most cutting of all, that it’s a scam. BITCOIN IS A SCAM!!Trump says so!!!#MAGA — Haus (@_HausMaus) July 12, 2019 Unsurprisingly, it’s been an uphill battle…
Bitcoin price struggled to recover above $10,400 and declined recently against the US Dollar. The price declined heavily and even broke the key $10,000 support level to enter a bearish zone. Yesterday’s highlighted key bearish trend line is intact with resistance near $10,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).…
Silk Road, a dark web drug market founded by Ross Ulbricht under the pseudonymous nickname “Dread Pirate Roberts” has had a critical impact on Bitcoin. While it’s associated with the dark web marketplace has forever left a stain on the crypto asset, Bitcoin may also not be where it is today if it didn’t catch…
Bitcoin and the aggregated crypto markets have been facing a significant amount of pressure from sellers as of late, which has driven BTC’s price to below $10,000, putting the cryptocurrency’s recent bullishness in grave jeopardy. Analysts are now noting that a similar fractal pattern to the one that occurred through the course of the 2018…
Although most of the crypto industry has long known that the US is far behind other countries in terms of implementing “do no harm” regulations on nascent markets, recent comments from President Donald Trump and Treasury Secretary Steve Mnuchin have signaled that rather than creating a “sand-box” regulatory environment for Bitcoin and cryptocurrencies, they will…
The central government initially wanted to regulate the bitcoin sector but changed its stand due to objection from the Reserve Bank of India (RBI), reports Business Standard. The Indian daily claimed that Economic Affairs Secretary Subhash Chandra Garg, who was heading the interministerial committee to study cryptocurrencies, favored regulating them. He looked at bitcoin as an…
The bitcoin price on Tuesday slipped below the psychological support level of $10,000. But according to market analyst Jacob Canfield, the asset is still inside a strong bullish bias. The TradingView author said bitcoin’s reversal from the $11,000 level on Saturday was a sign of a bull trap. Technically, a Bull Trap is a false…