Key Points Bitcoin price declined below $4,000 and $3,600 before buyers appeared against the US Dollar. There is a major bearish trend line in place with resistance at $4,080 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price must break the $4,000 and $4,080 resistance to climb higher in the…
The chief operating officer of global bitcoin payment service BitPay is not worried about the latest downward moves in the price of the largest cryptocurrency by market capitalization. Sonny Singh expects Bitcoin to surge towards the $15,000-$20,000 area over the next year as institutional incumbents launch blockchain-powered products. BitPay CEO Says Fidelity, Bakkt, Square, Blackrock,…
As 2018 bids its last farewells, the crypto market has stuttered, with a majority of crypto assets establishing new year-to-date lows, leading many analysts to express their sentiment that capitulation is officially occurring. However, the peculiar performance of the market hasn’t fazed this industry’s leading constituents. Binance, for one, continued its investment spree, siphoning millions…
Bitcoin on Sunday has established another yearly low after extending its previous downside momentum. At press time, the BTC/USD pair is trading at 3823 on Coinbase after correcting from its intraday low at 3466. It marks a circa 45% loss just in November while contributing to an overall 82.5% loss since its manipulatively achieved all-time…
When things go south in crypto land it happens fast, a digital avalanche sweeping away everything that stands in its path and blasting most of digital coins into oblivion. This weekend’s exodus has been a third wave of selling which has resulted in the loss of over $90 billion from crypto markets this month alone.…
Key Points Bitcoin price fell significantly and traded below $4,000 and $3,800 against the US Dollar. There is a major bearish trend line formed with resistance at $4,200 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is under pressure below $3,800 and it could even break the $3,500 support…
Would a state-backed cryptocurrency be better than its decentralized counterpart? International media has already rolled out their opinions on the matter. It’s a YES-IT-CAN. The opinions find their inspirations in comments made by Christine Lagarde last week. The head of the International Monetary Fund (IMF) said that a government-backed cryptocurrency would eliminate the issues of trust that…
Were Nouriel “Dr Doom” Roubini, Jamie Dimon, and Warren Buffet right all along? Was the 2018 crash the end of Bitcoin? Do we all give up on this decentralised finance stuff and accept the rule of central bankers forever more? It was all tulips anyway, right… Bubble? What Bubble? For those who proudly proclaimed that…
The cryptocurrency markets have shown an unprecedented level of weakness amidst its latest drop, with most altcoins trading down 90% or more from their highs, and Bitcoin falling to levels not seen since early 2017. There is now a consensus amongst industry analysts that Bitcoin has to fall even further in order for it to…
Following a turbulent week for the cryptocurrency markets, most major cryptocurrencies have fallen even further today, and analysts now believe that there is more room to fall for Bitcoin and Ethereum. At the time of writing, Bitcoin is trading down over 4% at its current price of $4,300. Over the past few days Bitcoin has established…