Like many other markets, Bitcoin (BTC) is all about momentum, trends, and patterns. According to analyst Cane Island Crypto, a prominent American cryptocurrency investor, there is a relatively high likelihood that this market could see a dreary next three months. Related Reading: Analyst: Litecoin Likely to Double in Coming Months, Here’s What May Cause This…
The aggregated crypto markets have been facing some levels of instability as of late, primarily due to Bitcoin’s inability to find any significant stability above $8,000. Despite this instability, Litecoin (LTC) has been on the up-and-up and is only trading down slightly from its monthly highs. Now, one analyst believes that Litecoin’s price may soon…
Yesterday, the Bitcoin (BTC) and crypto asset community woke up to a harrowing tidbit of news from Bloomberg Quint. An article, which cited a “draft bill”, revealed that regulators in India, from multiple financial and judiciary agencies, revealed that those who involve themselves in the “sale, purchase and issuance of all types” of crypto assets,…
Bitcoin (BTC) and the aggregated crypto markets have been facing a bout of sideways trading over the past couple of days, oscillating between the mid-$7,500 region and the lower-$8,000 region for the past several days. Although the sideways price action could simply be a pattern of consolidation that ultimately leads to an extension of upwards…
Another week, another round of Crypto Tidbits. While price action wasn’t all too hot, with Bitcoin losing its strides above $8,000 to tap $7,450, the underlying industry still saw a flurry of developments. Some positive, some negative. On the positive, Apple quietly added a Bitcoin symbol to its developer kit repertoire; Facebook is nearing the…
This week, a report claims that certain government departments across the country are supporting an outright ban on the “sale, purchase and issuance of all types” or crypto including Bitcoin, and could lead to a jail sentence for up to 10-years in prison for using the digital asset class as its intended. And while the…
It’s been a common thread throughout 2019 thus far: alt season. Crypto traders and analysts have been calling for a prolonged period where Bitcoin’s altcoin cousins significantly outperform the leading crypto asset, which helped propel the emerging asset class into the limelight at the end of 2017. However, some crypto analysts speculate that the lack…
The saying goes, “what goes up, must come down.” Yet to everyone’s surprise, Bitcoin’s downside resilience despite an over 100% gain over the last few months of parabolic growth has continued to prevent the correction most analysts expect from ever occurring. But now, as the crypto market is once again showing signs of strength, bulls…
With Bitcoin back into the public eye and mainstream media spotlight, and its price back into the green, speculation that a bull market is starting has begun to spread across the crypto market. The bullish sentiment has also spilled into Bitcoin’s crypto brethren – such as Ethereum, Ripple, Litecoin, and more – and a full-blown…
A report into Bitcoin mining has determined that Bitcoin is not the environmental disaster it is often painted as in the media. It turns out that the sophisticated computer units securing the network are mostly being powered by clean, renewable energy. The revelation comes at the same time that Bitcoin hash rate is close to…