Bitcoin price started a decent upside correction after trading as low as $9,784 against the US Dollar. The price traded above the $10,500 and $10,800 resistance levels to start the recent recovery. Yesterday’s highlighted major bearish trend line was breached with resistance near $10,680 on the hourly chart of the BTC/USD pair (data feed from…
Bitcoin and the aggregated crypto markets have faced an extension of the downwards pressure that they have been battling with over the past several weeks, which briefly sent BTC back into the four-figure price region before it found some buying pressure that allowed it to climb slightly higher. Analysts are now noting that BTC is…
As part of its fight against internet surveillance, those behind the Tor Project have announced a Bitcoin donation fund. The group is hoping to raise $10,000 over the next two weeks to help fund its mission to protect internet users’ privacy online. The group, whose work was important during Edward Snowden’s whistle blowing and the…
As the price massacre continues from the weekend, altcoin holders face further anguish by way of rising Bitcoin dominance. As things stand, Bitcoin dominance is at 66%, a level not seen since April 2017. Several analysts see this trend continuing, with predictions of dominance rising to the 70%-80% mark. The implications of which would put…
U.S. President Donald Trump could use his position to potentially ban bitcoin, believes financial analyst Alex Krüger. “Trump could issue an executive order banning US persons from dealing in Bitcoin,” said Krüger. “He has already done so with the Petro. Trump could ban the Petro because it represented an “attempt to circumvent U.S. sanctions,” [which…
Ouch, Ethereum (ETH) isn’t looking too hot. In the past 24 hours, the cryptocurrency has lost 20%, while Bitcoin (BTC) has shed a relatively mere 10% in the same time frame. According to Three Arrows Capital’s Su Zhu, Monday’s performance was the “top single-day downward move” for Ethereum since January 1st of 2017 — youch.…
Bitcoin price extended its declined and broke the key $10,800 support level against the US Dollar. The price even broke the last swing low and a major support area near the $10,500 level. There is a key bearish trend line forming with resistance near $10,650 on the hourly chart of the BTC/USD pair (data feed…
For a while now, Bitcoin (BTC) has seemingly moved with rhyme nor reason. Today, the crypto asset is down 7%, falling off of no clear fundamental event. And just four days, it was rallying by over 10%, pushing ever closer to near its year-to-date high of $14,000. Despite the day-to-day volatility, valuation models have begun…
After a long period of facing downwards pressure, Bitcoin’s bulls finally caved in to the selling pressure, which sent BTC reeling into the $10,000 region. This drop sent the aggregated crypto markets plummeting lower, which may spell significant trouble for the year ahead. Now, analysts are noting that Bitcoin is highly likely to extend this…
Last week, the crypto market was blessed by a historical event: Bitcoin and Libra were both mentioned in name by the sitting American President. Related Reading: Analyst: Bitcoin Could Hit $9,000 Should Bearish Breakdown Occur; Here’s Why In a three-part thread, Donald Trump lambasted cryptocurrencies as a whole. Per previous reports from NewsBTC, the American…