Billionaire investor and all-round cryptocurrency advocate Tim Draper has recently announced that he has invested in a Bitcoin payment processing platform. OpenNode aims to make it easier for regular companies to accept payments using Bitcoin. Draper backed the company through his own firm, Draper Associates, to the tune of $1.25 million. The long-time Bitcoin bull…
As Bitcoin (BTC) plummeted heading into December, investors thought that the visions of a Santa Claus rally were going to be quashed. Yet, in an unexpected turnaround, the crypto market at large has undergone a reversal, with BTC moving 25% higher in a week’s time. Speaking in the context of this seeming “relief rally,” Coinbase’s president,…
Bitcoin has been able to hold above $4,000 following its recent upwards swing that sent it up nearly 30% from its recently established 2018 lows. Despite being able to hold above $4,000, Bitcoin’s upwards momentum was not able to sustain into Friday, and its recent rally has stalled. At the time of writing, Bitcoin is…
If you ignore all the fundamental and infrastructure developments of 2018 and focus on price alone, 2018 looks like one of the worst for the number one digital asset. The Bitcoin price began the year at close to $14,000, having just started to crash from its recently set all-time high. Fast forward twelve months and…
Over the past week, as the holiday season has drawn ever nearer, Bitcoin (BTC) and its crypto asset brethren have started to see a drastic uptick in buying pressure. Within a week’s time, BTC, which found a year-to-date low at ~$3150 last week, has recovered to the $4,000-$4,100 range. Many commentators and market analysts have…
The Bitcoin price appears to have bottomed out near the $3,000-level after falling more than 80% this year. The digital currency at press time is trading above $4,000, up over 30% within just a week. It is clear that traders interested in the long-term aspect of Bitcoin have bought the dip. As a result, in…
Many had predicted a year end Santa rally for Bitcoin and crypto markets. It appears that this has kicked in over the past few days as most cryptos are making daily gains. The big question however is how long will this rally last? Bitcoin Santa Rally Welcomed but Cautioned A gain of 25% in less…
Key Points Bitcoin price extended gains and broke the $4,000 and $4,050 resistances against the US Dollar. Yesterday’s key bullish trend line is in place with support at $3,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently consolidating gains above $3,770 and it may continue to rise…
It has been nearly one year since San Fransisco-based payment processing company, Square, rolled out peer-to-peer Bitcoin trading within their popular Cash App, allowing customers to buy, hold, and sell the cryptocurrency without incurring any fees. The company’s decision was lauded by the company’s investors and the cryptocurrency community alike, with Square’s stock surging 16%…
Following the recent price surge that Bitcoin has experienced after dropping into the low-$3,000 region last week, it has since recovered much of its recent losses and has now climbed above the $4,000 price level. Bitcoin’s positive price action has led the altcoin markets up, with some of today’s best performing cryptocurrency trading up nearly…