Bitcoin is going to be worth a million dollar. The extremely bullish target is once again trending high inside the cryptocurrency space thanks to Jesse Lund. The IBM executive, who heads the firm’s blockchain & digital currencies wing, recently said in an interview that bitcoin would reach a seven-figure value. Media ran the story. People spread…
What goes up must come down. Many had predicted a market correction but few of them expected it to be so fast and so violent. In just over an hour $14 billion was unceremoniously dumped out of crypto markets as Bitcoin and its brethren plunged back below previous levels of resistance. 2019’s Largest Single Day…
Since Venezuela entered its current crisis, Bitcoin (BTC) and cryptocurrencies become a popular subject in the nation. Carlos Hernández, an economist in the strife-filled Latin American nation, recently issued a New York Times op-ed to discuss the matter, elaborating on why the flagship crypto can be a proper hedge against the hyper-inflating bolivar. Related Reading: Naval:…
Since Bitcoin (BTC) gained traction in the mainstream media, many skeptics and economists have claimed that the cryptocurrency space resembles the Dotcom boom and bust at the turn of the millennia. Thus, many have argued that the crypto market’s cycles will likely make many reminiscent of the Nasdaq, a tech-centric stock index, in 2000 to…
The crypto markets plummeted today following yesterday’s price surge that was widely seen as being highly bullish by many analysts. Yesterday’s sharp and sudden surge sent Bitcoin above $4,000, which had previously been a strong level of resistance for BTC. Today, however, the crypto markets have plummeted, sending BTC down towards $3,800. This recent volatility…
With the crypto market’s recent price action in mind, analysts are starting to come to the conclusion that bears are putting an end to the bloodshed. A number of traders and industry commentators recently took to Twitter to tout their optimism on the Bitcoin price. Traders Hint At Crypto Market Bottom StormXBT recently noted that the…
Bakkt, a digital asset platform which is set to introduce the very first physically-settled bitcoin futures, will launch later this year. And, according to Alec Ziupsnys, the launch could legitimize the dominant cryptocurrency before 100 million potential users per week. The chief innovation officer at BlockEdge Capital tapped on how Bakkt’s partnership with Starbucks was…
Bitcoin price extended gains and broke the $3,950 and $4,000 resistance levels against the US Dollar. The price traded to a new 2019 high above $4,100 and it could continue to rise in the near term. There was a break above a major triangle pattern with resistance near $3,950 on the 4-hours chart of the…
Bitcoin’s bulls awoke earlier today when the crypto markets surged, sending BTC to well over $4,100. This price surge came about after an extended period of sideways trading that signaled to traders that $4,000 was previously a strong level of resistance for the cryptocurrency. Today’s jump may have been fueled in part by a record…
Since Bitcoin (BTC) hit public markets, the cryptocurrency has traded in multi-year cycles. Every few years, the asset runs parabolically, prior to a dramatic, nasty ~80% drawdown. In the eyes of most, BTC has done that twice or thrice by this point, not including the current crypto bear market. As Bitcoin is currently ~80% down…