In October of 2018, as Bitcoin found itself above $6,000, Soulja “Drako” Boy, the American rapper of “Crank That” fame, released a banger simply titled “Bitcoin.” In the piece of music, a track in Soulja’s Young Drako album, the Chicago-based artist spat fire, so to speak, about the world’s first cryptocurrency. While many first assumed…
Bitcoin (BTC) has failed to maintain its recently established position in the $3,700 region, which has led it to drop over 4% today. Bitcoin’s latest downwards leg has led the entire crypto markets to drop, and most altcoins are currently trading down around 4%. Bitcoin is now nearing the bottom of its previously established trading…
Since Bitcoin (BTC) breached the monumental $20,000 price milestone and subsequently crashed, crypto investors en-masse have sought to determine when the asset would retest five-digits. While an array of crypto pundits have speculated, throwing their zany predictions into the crockpot that is Twitter, the date of the next parabolic rally’s commencement is still elusive. Yet, a…
Bitcoin price formed a solid support near the $3,560 level and moved higher against the US Dollar. There is a crucial bearish trend line in place with resistance near $3,850 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move higher towards the $3,850 and $4,000 levels…
While 2019, the purported year that the Bitcoin ecosystem would undergo a turnaround, is in full swing, crypto startups have continued to fall on bad times. Most recently, a London-based, multi-faceted company revealed that “staff reductions” had taken place, likely catalyzed by the tumult in crypto markets. Related Reading: Legendary Venture Capitalist: “We’re Close to a…
The crypto markets are in the process of wrapping up a volatile week on a positive note, as virtually all major altcoins have surged today after Bitcoin jumped nearly 3% into the mid-$3,700 price region. Although Bitcoin is currently leading the markets, if it is able to stabilize at, or above, its current price levels,…
Since 2018 went on the way out, optimists have remarked that they expect for Bitcoin and the broader blockchain ecosystem to get some much-needed reprieve in 2019. Yet, a rally, recovery, or run of similar caliber still seems like a quixotic dream, as cryptocurrencies have failed to reverse a multi-month downturn. And interestingly, a number of analysts,…
After a several day period with little volatility in the cryptocurrency markets, Bitcoin has now surged above $3,700, which proved to be a level of resistance over the past week. Today’s price surge, despite being relatively small, could be significant in leading Bitcoin’s price back towards $4,100. One analyst also believes that Bitcoin’s latest price…
Although Bitcoin (BTC) and its crypto asset brethren have effectively stabilized, seeing little-to-zero movement, this industry’s startups have continued to make strides in an array of directions. Some preeminent companies made monumental steps forward, while others took devastating steps back. Regardless, the bottom line is that the crypto sector hasn’t slowed, contrary to sentiment touted by…
Although this week was off to a volatile start, as the days went on Bitcoin began finding increased stability in the $3,600 region. This stability has led to a bout of sideways trading for the entire crypto markets, which have drifted down slightly today. Now, one prominent crypto analyst believes that Bitcoin needs to trade…