Bitcoin price extended gains above the $4,000 level and tested $4,040 against the US Dollar. The price started a downside correction after trading as high as $4,037. There was a break below a short term bullish trend line with support at $4,015 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…
Bitcoin, according to one economist, is the fastest and highest rising asset of all time, thanks in part to its speculative nature, near endless potential, and to the built-in difficulty adjustment that throws off supply and demand balance which in turn increases Bitcoin price. Due to these factors, the digital asset often experiences massive volatility,…
Bitcoin has once again been able to reclaim its position above $4,000 after briefly dipping into the $3,900 region earlier this week. Today’s move places BTC back into its previously established trading range between approximately $4,000 and $4,100. Although today’s upwards move is certainly positive, the cryptocurrency has still been unable to surge past $4,100,…
A gang of extortionists demanding Bitcoin for the release of hostages have been arrested by local authorities in Pakistan. The family of the victim had already paid the suspects over US$17,500 of the more than $140,000 demanded. The case is believed to be the first of its kind in Pakistan, leading authorities to fear that…
Bitcoin price stayed above the $3,850 support and rebounded above $3,940 against the US Dollar. The price surged higher and settled above the $3,900 and $3,940 resistance levels. This week’s followed crucial bearish trend line was cleared with resistance at $3,945 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair…
After trading within an incredibly tight trading range in between $4,000 and $4,100 for an extended period of time, Bitcoin (BTC) has now broken downwards below its previously established support level at the important psychological level of $4,000. Now, analysts believe that Bitcoin’s inability to stabilize above $4,000 will lead it drop further in the…
The crypto industry has once again bore witness to an exchange being hacked by nefarious actors, with the latest exchange to fall victim being the Singapore-based DragonEx, which announced today that an undisclosed amount of multiple digital currencies have been stolen. The latest hack is now highlighting the importance of cryptocurrency traders and investors utilizing…
Bitcoin and its meteoric rise to $20,000 in December 2017 caught the attention of major mainstream media and the public eye, as early investors in the crypto asset shared stories of insane profits generated by the new and misunderstood technology. But the parabolic advance during 2017 pales in comparison to Bitcoin’s 200,000,000% increase in a…
As much as some like to sugarcoat it, the crypto market has lost 85% of its value since the jaw-dropping early-2018 peak. This collapse, which pushed Bitcoin from $20,000 to $4,000, has effectively stopped the cryptocurrency gravy train dead in its tracks. Gone are the days that “blockchain” was a popular word at the dinner…
Bitcoin price failed to surpass the $4,000 resistance level and declined against the US Dollar. The price declined sharply and broke the key $3,940 support area to enter a bearish zone. Yesterday’s highlighted major bearish trend line is intact with resistance at $3,950 on the hourly chart of the BTC/USD pair (data feed from Kraken).…