A day earlier than many were expecting, another SEC decision on a Bitcoin exchange traded has resulted in a delay. The one that today’s announcement concerned was a proposal that the digital asset space is generally most optimistic for – the VanEck ETF. Despite the news event being largely expected, the Bitcoin price has responded…
A Bitcoin trader from India has taken his own life after being threatened by senior police in relation to losses he incurred whilst trading crypto assets on their behalf. Bharat Patel hanged himself on Sunday, leaving a suicide note for his widow. In the note, Patel details how Chirag Savani, the Narmada police force’s Deputy…
An average bitcoin investor in South Korea has dumped more fiat money than the one in other countries, reveals CryptoCompare. The London-based data analytics firm found that cryptocurrency exchange BitHumb has received over $16 billion worth of fiat money in April 2019. The firm further noted that Upbit, a BitHumb-rival, posted the second-best influx of…
JPMorgan believes a Bitcoin price fall is imminent. According to their analysts, periods when price exceeds “intrinsic value” have always led to a drop in price. And following the recent rally over the past few weeks, this situation has presented once again. Bitcoin’s Intrinsic Value After a fantastic run-up, which saw Bitcoin gain 120% since…
What happens when a bitcoin agnostic witnesses a 138-time Emmy award-winning TV show featuring the cryptocurrency in a good light? Peter Schiff can tell better. The prominent stockbroker, who successfully predicted the 2008 economic crisis, lambasted CBS’ 60 Minutes for airing a “one-sided” segment on bitcoin. He argued that the successful TV show owed a…
Over the past few weeks, many in the crypto industry have begun to expect a Bitcoin exchange-traded fund (ETF). Don’t ask us why, but in a hive mind-esque fashion, hundreds on Twitter have begun to call for the regulatory approval of such a vehicle, which has the potential to catapult the space to new heights.…
Although the crypto industry has changed dramatically in its decade-long lifespan, the narrative surrounding Bitcoin (BTC), along with its cardinal value proposition. has been steady, more or less. Yet, there have been a few nuances. Case in point, over recent years, proponents of the cryptocurrency have been wishy-washy with the asset being a Store of Value…
Despite facing increased levels of downwards pressure earlier this week that temporarily put Bitcoin’s upwards momentum in jeopardy, the cryptocurrency has been able to continue surging upwards and is now nearing the low-$8,000 region, which is the point at which BTC incurred significant selling pressure a few days ago. Now, analysts believe that Bitcoin may…
Bitcoin has made a come back following three days of depressive price movements that led to a 21.37 percent drop. The world’s leading cryptocurrency started Sunday while trending in positive territory. The asset’s rate against the US dollar surged by circa 11 percent to settle a session high at $8,041 on Coinbase exchange. The move…
There was a strong buying interest for bitcoin near the $6,800 support area against the US Dollar. The price started a fresh increase and broke the $7,000 and $7,500 resistance levels. There was a break above a major contracting triangle with resistance near $7,300 on the 4-hours chart of the BTC/USD pair (data feed from…