Celebrated economist Joseph Stiglitz has recently spoken out against cryptocurrencies. The Nobel Prize winner even went as far as to say that crypto needed to be “shut down”. Evidently, Stiglitz doesn’t fully comprehend just what it would take to “shut down” most cryptocurrencies, let alone Bitcoin. Planning a war against a target with few perceivable…
The first ever cryptocurrency has struggled to recapture the enthusiasm and exuberance prior to the 2017 hype bubble pop. Since then Bitcoin price has declined over 85% to its eventual bottom, and a brutal and hard-fought bear market has caused investors to question the long-term validity of BTC and its altcoin cousins. But on long-term…
Bitcoin (BTC) up 8.2 percent in last week More Americans are owners of Bitcoin A Blockchain Capital survey reveals that Bitcoin awareness, familiarity, and perception has improved, explaining the high Bitcoin (BTC) ownership in the US. At the time of press, Bitcoin (BTC) prices are stable, above $5,500 as buyers aim at $6,000. Bitcoin Price…
2018, by many measures, was the crypto ecosystem’s worse year yet. Digital assets, even Bitcoin (BTC), lost over 80% of their peak value on average; industry startups laid off chunks of employees or shut down entirely; and the words “crypto” and “blockchain” receded from the limelight, becoming a painful memory for those who “FOMOed” near…
In order to predict future market moves technical analysts often look back at previous patterns. The crypto bear market of 2014 and 2015 has often been used as a comparison and repeating chart patterns known has fractals may give us an indication of where Bitcoin prices will go next. On-chain Capital Flows Bullish Analysts don’t…
Crypto markets cool off on Monday; Litecoin, Cardano, Monero and Cosmos dropping back, Bitcoin dominance climbing. Crypto markets are starting to pull back this Monday morning and altcoins are taking the brunt of the losses. Total market capitalization has declined back to the $180 billion area but does not look like falling further for the…
While the upward price pressure has slowed, resulting in Bitcoin (BTC) posting a mere 0.15% gain in the past 24 hours, some are sure that the cryptocurrency’s chart structure remains bullish. Murad Mahmudov, a founding partner at up-and-coming crypto fund Adaptive Capital, recently broke down his reasoning as to why BTC holding above the $5,500…
Bitcoin (BTC) prices firm, add 9.5 percent in the last week Despite fraud accusations, BitFinex will crowd-fund to raise $1 billion BitFinex, sources have it, will proceed with their IEO and the aim is to raise $1 billion in USDT. While it is pleasing for investors, the exchange is reserving $600 million for whales. Even…
Bitcoin could undergo an immediate bearish correction, but it would eventually bounce back towards $6,500, according to Peter Brandt. The veteran commodity trader said Saturday that the bitcoin price was meeting its crucial resistance level near $5,745, as shown in the chart below. There was a strong probability of the asset undergoing a reversal, which loosely…
There were heavy gains in bitcoin price above the $5,500 pivot and resistance level against the US Dollar. The price rallied above the $5,700 and $5,800 resistance before there was a minor downside correction. There is a key connecting bullish trend line in place with support at $5,610 on the 4-hours chart of the BTC/USD…