Key Points Bitcoin price recently tested the $3,950-4,000 resistance area against the US Dollar. There is a key breakout pattern in place with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to break the $3,800 and $3,900 resistance levels to trade further higher. Bitcoin…
Although Ethereum is one of the most well-recognized projects in this budding industry, it has undoubtedly gained notoriety in some circles of the cryptocurrency industry. While many have kept their apprehension self-contained, one gritty cynic took to Twitter to speak his mind, claiming that ETH is best kept a “science experiment.” Yet, Vitalik Buterin, arguably…
Key Points Bitcoin price declined recently towards the $3,560 support area against the US Dollar. There is a key bullish trend line formed with support $3,680 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is currently holding a crucial support and it could bounce back above $3,800 and $3,900.…
To many, Bitcoin is a censorship-resistant, decentralized, immutable, and borderless transactional tool that transcends centralized boundaries. But for many Westerners, these inherent features aren’t something that’s all too useful in day-to-day life. However, with the rise of Internet censorship and anti-“radical” narratives, some believe that the need for decentralized mediums of value and information cannot come…
While the holiday spirit was in full swing over the past week, the crypto industry maintained its unrelenting drive for growth and adoption. The Litecoin Foundation divulged a sponsorship with the UFC, while Bitcoin’s Lightning Network continued to swell. However, it hasn’t been all sunshine and rainbows, as the Electrum Wallet came under attack, while…
There’s no denying it, the crypto industry is known for its eccentric individuals, statements, and startups. John McAfee, for example, promised to consume his family jewels if Bitcoin (BTC) doesn’t reach $1 million apiece by 2020’s end. While McAfee’s call is by far the most bizarre, especially what he wagered, he isn’t the only industry…
A recent report in the Wall Street Journal details how Bitcoin is becoming an increasingly mainstream asset and is starting to develop strong correlations with traditional assets, including Gold. The report cites the increase in institutional funding, increasing venture capitalist (VC) investments, and growing mainstream adoption as possible factors behind its increasing correlation with traditional markets. Despite…
A sculptor inspired by Bitcoin has created a beautiful piece of artwork commemorating the financial and technological innovation. Each element of the sculpture highlights an important quality of the decentralised digital currency. The piece has been created by cryptocurrency artist Simon Moratz (Twitter handle @mycryptoart. The all-natural, wooden and stone creation is currently on sale…
Following yesterday’s drop in the crypto markets, most cryptocurrencies have recovered some of their losses and are trading up over a 24-hour trading period. The traditional equities market, which has seen increased volatility over the past several weeks, is currently trading flat and one prominent investor believes further instability could be right around the corner.…
In the decade of its existence, Bitcoin has been portrayed in the mainstream media in a number of radically different lights. In its earliest days, of course, it had no media presence whatsoever. As more people became interested in the potentially revolutionary properties of the financial technology, however, Bitcoin hit the news as a law…