Following a long period of sideways trading, Bitcoin (BTC) has now broken down below its previously established support level around $3,500. Today’s drop appears to have allowed BTC to establish support in the $3,400 region, but further volatility could easily push it down towards $3,000, where the cryptocurrency has significant buying pressure. Analyst are conclusively…
After miners, it is crypto exchanges that stand before the wrath of a bearish cryptocurrency market. Liqui, a small but a long-running crypto trading company, announced today that it would close down its operations. In a straightforward goodbye note, the Ukrainian exchange said that it was unable to provide liquidity to its customers. Therefore, it…
Bitcoin has undoubtedly come a long way in its ten-year history. And while “Bitcoin” has become a popular word in the world’s vernacular, Brian Armstrong, the chief executive at Coinbase and an advocate for an inclusive and decentralized financial system, has claimed that the project is still in its infancy. Who Is Brian Armstrong? Brian…
Bitcoin price failed to stay above the $3,520 and $3,480 support levels against the US Dollar. There is a strong resistance formed near $3,500 and a bearish trend line on the hourly chart of the BTC/USD pair (data feed from Kraken). The price tested the $3,400 support and it remains at a risk of more…
Since Bitcoin (BTC) established a new all-time high in late-December 2017, the cryptocurrency market has faltered. Since that fateful month, the broader asset class has posted losses that would even make gamblers cringe, as the value proposition of cryptocurrencies has become misconstrued and nebulous at times. Yet, one industry insider claims that cryptocurrencies could be…
Following a quiet Saturday where the cryptocurrency markets saw relative levels of stability, the volatility has increased on Sunday, with Bitcoin (BTC) holding stable as most major altcoins drop slightly. Earlier today, Bitcoin dropped towards $3,550 before quickly bouncing, which adds further support for the notion that BTC has a significant amount of buying support…
Since Bitcoin (BTC) came into being, the asset’ and blockchain network’s narrative has been misconstrued time and time again. Hot on the heels of another investor’s comment that Bitcoin isn’t digital cash, but rather, an up-and-coming global reserve asset, one commentator claims that BTC “already is” money. Related Reading: Edward Snowden Bullish On Crypto: Blockchain Money…
Bitcoin price is trading nicely above the $3,500 support area against the US Dollar. There is a major ascending channel formed with resistance at $3,650 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair needs to surpass the $3,650 and $3,720 resistance levels to gain bullish momentum in the near…
Since Bitcoin (BTC) came into being, the narrative surrounding the asset’s value proposition has varied drastically. At first, the cryptocurrency was seemingly pure, digital cash. Now, BTC has been deemed a digital gold by many pundits, who claim that the asset’s non-inflationary, borderless, and fungible nature makes it reminiscent of the precious metal. However, throughout…
As the Bitcoin bear market that first began when BTC reached nearly $20,000 in late-2017 persists into 2019, investors are keen to know when the markets will begin climbing back towards their previously established all-time-highs. Although there have been many positive developments in the cryptocurrency industry over the past year, if history proves to be…