Bitcoin price under pressure Liquidity to take a hit as Binance undergoes maintenance Transactional volumes dropping, average at 7k—data streams from BitFinex Beginning 2 AM UTC, Binance will be under maintenance for eight hours. During that time, Bitcoin (BTC) may come under renewed liquidation that could see it drop towards $3,800. Bitcoin Price Analysis Fundamentals…
Texas Republican Rep. Phil Stephenson has introduced a bill-draft that would require Texans to identify themselves before they use crypto assets like bitcoin. In Texas House Bill No 4371, Stephenson took the institutionalization of digital currencies to an altogether new level. His bill recognized the blockchain technology as a tool that enables users to create…
The cryptocurrency industry was born during the fallout of the 2008 economic crisis that caused the Great Recession. Satoshi Nakamoto designed Bitcoin as the first-ever cryptocurrency with the goal of removing the control governments and banks had over individual’s funds. Nakamoto designed the BTC supply to have a hard cap so that the cryptocurrency would…
Taking long positions in Bitcoin should be comfortable for traders, according to Naeem Aslam. The former equity trader with the Bank of America said Thursday that he would purchase bitcoin if the crypto-asset compliments a crucial technical indicator. Dubbed as Moving Average, it allows traders to calculate an average asset value for a given period…
Bitcoin has been able to maintain relative levels of stability over the past weekend, despite an unfolding trend where BTC incurs larger levels of volatility during weekend trading sessions. Although Bitcoin is currently stable above $3,900, many analysts are still weary of its current price action, and one analyst believes a drop below BTC’s 2018…
As Bitcoin moves ever closer to its block reward reduction, analysts are becoming more and more convinced that BTC will rally into the quadrennial event. One analyst notes that as this market nears the auspicious shift in issuance, the cryptocurrency could double by value, especially considering historical trends. Related Reading: Analysts Widely Bearish on Bitcoin as…
Roger Ver is among the most polarizing characters in the crypto industry. He often goes against the grain, even if it earns him notoriety. Such is the case with recent comments made by Ver, defending San Francisco-based Coinbase in the face of the ongoing #DeleteCoinbase boycott. Few people have done more to further the adoption…
In his recent interview with CNBC, America’s most successful capitalist Warren Buffett reiterated his negative stance on bitcoin. The legendary investor told Becky Quick that bitcoin was a delusional asset which “attracts charlatans,” adding: “If you do something phony by going out and selling yo-yos or something, there’s no money in it — but when you…
Buckle up, the institutionalization of bitcoin and crypto, in general, has begun. Swissquote, a $618 million worth online banking group, announced Friday that it is partnering with Zug-based Crypto Storage to enable cryptocurrency custodial services on its platform. The Gland-based said that institutional investors on its platform would be able to transfer cryptocurrencies from their external…
Bitcoin price slowly moved higher and dips remained supported above $3,800 against the US Dollar. The price fell significantly recently, but buyers protected the $3,800 support area. There is a crucial ascending channel is in place with support at $3,830 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair remains…