Following the recent crypto market surge that led many cryptocurrencies to skyrocket, the markets have taken a breather and all major cryptocurrencies have dropped today, with Ethereum (ETH) and (XRP) both dropping over 7% as Bitcoin trades down just over 4%. Despite today’s drop, analysts don’t believe that the markets have lost all their momentum,…
Many of its proponents argue that the greatest impact Bitcoin will have on society will be in developing nations. The belief is that the current most popular permissionless and non-government-correlated asset will one day allow for those in emerging markets to access banking-like services to connect the billions around the world lacking them with a…
Following the recent bullish momentum experienced by the entire cryptocurrency markets that was driven by bullish Bitcoin (BTC) price action, the markets have now experienced a somewhat minor pullback that has led most cryptos to drop. Although the markets are currently taking a breather, one widely used indicator may signal that Bitcoin is ready to…
Ever-the-optimist when it comes to crypto, Tom Lee has stated that he thinks a fair price for Bitcoin is $14,000. He bases this opinion on the cost to mine a Bitcoin and what he considers a traditional markup on commodities. The managing partner and head of research at Fundstrat Global Advisors also stated that the…
Bitcoin prices register double digit gains and steady above $5,000 An analytical firm notes a spike in wallet active just before the spike. Heightened cryptocurrency wallet activity could have triggered recent price rally. Analytical firm says that only 10 percent of Bitcoin wallets were inactive in the last two weeks leading up to the price…
On the day Bitcoin price surged over $1,000, it also took the Baidu trend by storm. China’s top internet search engine saw ‘bitcoin’ emerging on the hottest new keyword list. A pointer system on the platform awarded the keyword 9715 points. The trend that came closest to that of bitcoin was almost four times behind at…
Last year, Charlie Lee, the creator of Litecoin, sold all his LTC holdings in a now-infamous move. While the crypto insider attributed this sudden move, which came as Bitcoin (BTC) effectively peaked, to a bid to avoid conflicts of interest, affirming that he believes in the cryptocurrency of his creation, many called for Litecoin to…
It only took a day for the Bitcoin bashers to emerge from their caves and start spreading fear, uncertainty and doubt again. After four months of inactivity crypto markets came alive again this week and headed upwards to reach new 2019 highs. This was enough it seems for the mainstream media dogs to start spewing…
Bitcoin price settled above the key $5,000 hurdle and tested the $5,240 resistance against the US Dollar. The price faced a strong selling interest near the main technical barrier at $5,240-5,260. There is a major connecting bullish trend line formed with support near $4,200 on the daily chart of the BTC/USD pair (data feed from…
Although the Lightning Network is most often touted as a way to reduce transaction burden on the main Bitcoin blockchain, various other use cases are becoming apparent as more people experiment with it. One of the most potentially revolutionary is the ability to make incredibly small payments for online content. This could have a massive…