Crypto bulls have been dominating the price action as of late, with many altcoins posting 100% or more gains since they reached their bear market bottoms. It’s caused many traders and analysts to agree that an alt season has been upon us. However, a massive Bitcoin rally halted alt season in its tracks, but it’s…
Cryptocurrency and stock price movements do not correlate with each other, indicated the latest Federal Reserve Economic Data (FRED). The data pitted S&P 500 index performance against the cryptocurrency index managed by US-based Coinbase crypto exchange platform. The results were some interesting shaky lines – often going in the same but mostly in the opposite…
Arithmetic researchers Willy Woo and David Puell might have pulled off methods to realize bitcoin price bottoms. In their latest tweetstorm, the cryptocurrency analysts shared two experiments after analyzing the bitcoin’s price action relationship with a time-value relating to how long an investor held their coins. Woo’s experiment was about finding Cumulative Value-days Destroyed (CVDD),…
Following on from the recent price pump, optimism has returned to the markets. And once again, price is at the forefront of everyone’s mind. In consideration of this, Civic CEO, Vinny Lingham raised a pertinent point on the validity of altcoin prices. In his tweet, he states that price increases should come from improvements at…
Bitcoin price is slowly moving higher towards the $5,300 and $5,360 resistances against the US Dollar. The price is placed nicely in an uptrend and it could gain strength above $5,360. Yesterday’s highlighted significant ascending channel is intact with support at $5,180 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…
If you visit just about any crypto news publication today, you will see at least one story detailing the recent news that the Chinese government is considering a blanket ban on Bitcoin mining. Perhaps testament to the world superpower’s repeated clampdowns on various aspects of digital currencies (exchanges and ICOs, in recent memory), the price…
China is home to the vast majority of cryptocurrency miners, as the country is privy to extremely low energy costs compared to the rest of the world. But as Bitcoin price finds new life, lawmakers in the country are considering banning crypto mining among 450 other activities that are deemed to be unsafe, wasteful of…
Bitcoin prices stable above $5,000 NDRC of China propose Bitcoin and cryptocurrency mining China’s National Development and Reform Commission (NDRC) of the opinion cryptocurrency and Bitcoin (BTC) rigs don’t adhere to relevant laws and regulators, pollute the environment and unsafe and therefore propose a ban. If that is the case, the network’s hash rate will…
Ledger, one of the longest standing crypto industry startups, has been hard at work in this ongoing Bitcoin bear market. In spite of the company’s tight-packed schedule, NewsBTC got the lucky chance to sit down with President Pascal Gauthier and Head of Asia-Pacific Benjamin Soong to talk about an array of subjects: building out infrastructure…
The arguments for a big market correction are gaining strength. As Bitcoin approaches another heavy resistance barrier buying pressure is likely to diminish as previous charts have shown. If and how far it will fall remains the big question this week. Bitcoin Approaching 50 Week MA When Bitcoin broke through the 200 day moving average…