Ever since Bitcoin (BTC) dropped below its previous support level of $3,550 last week, the cryptocurrency has been experiencing a bout of sideways trading at its current price levels. Bitcoin’s recent price action seems to confirm $3,500 as a new level of resistance, but it has also established $3,400 as a level of support that…
Bitcoin (BTC) and other crypto assets may be nearing their one-year lows, but copious amounts of optimism still exist in the minds of believers the world over. Case in point, while many analysts are unfaltering in their belief that lower lows are inbound, with even one short-term sardonic commentator calling for a $1,700 BTC, hope…
QuadrigaCX, a Canadian cryptocurrency exchange, is in serious trouble – its customers cannot access $150 million worth of crypto funds after the owner and CEO, Gerald Cotton, died of Crohn disease in Jaipur, India. He was the only individual who had access to the”cold wallet reserves.” The exchange reached out to Nova Scotia Supreme Court…
It has become abundantly apparent that the Bitcoin crash-induced crypto winter hasn’t managed to seduce bears. The crash in the broader cryptocurrency market, which sent investors running en-masse, has resulted in a number of layoffs at this (not so) budding sector’s most preeminent firms. Coinsquare, a leading exchange headquartered just north of the U.S., is…
Bitcoin price trading in a tight range above the $3,375 support area against the US Dollar. There is a key connecting bullish trend line formed with support at $3,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price might correct higher in the short term towards the $3,430 and $3,350…
At the end of 2018, the stock market tumbled, and leading cryptocurrencies such as Bitcoin fell through price support to reach new yearly lows, sending the crypto market into a depression state. There’s hope at the end of the tunnel, concludes a team of analysts, whose average price prediction for Bitcoin puts the leading crypto…
Bitcoin prices in range mode Lightning Network in beta but drawing interest Market participation is “very” low The recovery of Bitcoin prices depends on adoption levels and favorable regulations. While we are bullish, buyers are free to ramp up once we see strong gains above $3,800. Before then, traders should take a wait and see…
On September 28, 2018, the Wall Street Journal published a report which claimed that criminals laundered nearly $90 million of proceeds via cryptocurrency exchanges over two years. The piece mainly targeted ShapeShift, a US-based crypto-to-crypto exchange, for facilitating trades without identifying the traders. In his response, ShapeShift CEO Erik Voorhees provided convincing examples of how…
Bitcoin price struggled to surpass the $3,500 resistance and declined sharply against the US Dollar. There was a break below a connecting bullish trend line with support at $3,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is under pressure and it could continue to move down towards $3,350…
Surprise! The craziest crypto-related story of 2019 has just become a tad zanier. According to a research piece from a leading industry researcher, QuadrigaCX, a Canadian Bitcoin (BTC) exchange in the midst of a multi-month imbroglio, could have been fibbing about its cryptocurrency holdings — and by a large sum at that. Related Reading: Crypto Exchanges…