The fallout from last week’s US senate hearings on Facebook’s Libra project is still being felt across the crypto ecosystem. Many are blaming the social media giant for Bitcoin’s recent correction but in reality it is just part of the natural rhythm of the market. Bitcoin Back at Four Figures Following a week of consolidation…
Bitcoin price failed to accelerate above $10,700 and declined recently against the US Dollar. The price broke the key $10,500 and $10,400 support levels to move into a short term bearish zone. There is a new bearish trend line forming with resistance near $10,350 on the hourly chart of the BTC/USD pair (data feed from…
According to a survey produced by financial services firm BankRate, Bitcoin and crypto do not represent a popular choice of investment vehicle for a decade or more amongst the US public. The findings show that just four percent of respondents preferred digital currencies over other more traditional investments. Beating Bitcoin, crypto assets, and everything else…
Bitcoin (BTC) prices are steady Over $1 billion lost to hackers Hacking is forcing thoroughness in cryptocurrency exchanges. Determined hackers have seen exchanges lose over $1 billion with Bitpoint the latest victim. At the time of writing, BTC is stable, but bears have the upper hand. Bitcoin Price Analysis Fundamentals There is always a risk…
Three days after Bloomberg published a report about BitMEX facing a regulatory investigation, the crypto derivatives exchange is still without an explanation. A quick look at the Seychelles firm’s official social media handles, including an otherwise active Twitter page of founder & CEO Arthur Hayes, shows no response about the current scandal. As BitMEX goes…
In around 300 days, Bitcoin (BTC) will experience what is known as a “halving” or “halvening”. This event, which occurs in predictable four-year cycles, sees the amount of the cryptocurrency issued every ten minutes halve, this time from 12.5 coins to 6.25 coins per block. Related Reading: Bitcoin Bears Ramp Up Selling Pressure as Weekly…
There is a growing trend across the world for nations to stock up on reserves of assets as a hedge against fiat and influences beyond their control. Gold is the standard but Bitcoin is rapidly catching up and one nation now has reportedly more BTC than their gold reserves. As further investigation reveals, however, this…
With a neutrally closing weekly candle traders and analysts are expecting this week to be a little livelier for Bitcoin. The weekend saw a little action but gains could not be maintained as BTC and altcoins fell back into their channels. No Progress Over $11k For Bitcoin Late Saturday/early Sunday saw BTC rise back to…
Bitcoin and the aggregated crypto markets have been facing increased volatility as of late, and following a sharp move towards $11,000 yesterday, BTC has been unable to garner any significant buying pressure and has been drifting lower. Analysts are now noting that Bitcoin’s bears are ramping up the selling pressure, which could result in a…
Despite the fact that Bitcoin is the leading crypto, altcoins — the blanket term given to cryptocurrencies that aren’t BTC — were all the rage in late-2017 and early-2018. In fact, over the course of the bull run from 2016 to early-2018, Bitcoin dominance fell from over 90% to 33% at the bottom. This so-called…