Offbeat asset bitcoin is having a difficult time attracting investors during this Christmas holiday.The benchmark cryptocurrency, which is still up by more than 100 percent on a year-to-date (YTD) scale, plunged by up to 8.27 percent this week. On Friday, bitcoin established a fresh weekly low of $7,053.32. At its highest, it was trading at…
Bitcoin has incurred multiple bouts of bullishness over the past several days and weeks, with each rally resulting in a strong rejection that leads the cryptocurrency to fully retrace its gains. This pattern occurred again today, when BTC surged to highs of nearly $7,500 before incurring a strong and swift rejection.This rejection may have opened…
If you’ve been on Crypto Twitter at all over the past 48 hours, you’ve likely heard the plight of many Youtubers covering the Bitcoin and cryptocurrency spaces.For those who missed the memo, earlier this week, countless influencers and content creators in the industry have reported that a number of their videos regarding developments in the…
Japan has long been a hotbed for crypto adoption. Not only is the pseudonym of Bitcoin’s creator, Satoshi Nakamoto, Japanese, but some of the largest cryptocurrency companies have called the Asian country their home over the past decade. That’s not to mention that Japan is a technologically advanced society ready to adopt innovation.It should come…
On Monday morning, a discussion began to erupt on Crypto Twitter regarding a potential Youtube blackout of industry channels. First, only a few channels were purportedly affected; Canadian Bitcoin educator “BTCSessions” and pro-crypto finance Youtube channel Chris Dunn reported that a number of their videos were taken down due to “harmful and dangerous” content.At first,…
It’s no secret that XRP – the digital currency with close ties to FinTech company Ripple – hasn’t had the best year from a technical perspective, ending the year on a low note after recently setting fresh post-2017 bull run lows.Although this bearishness may or may not be justified while considering its fundamental utility and…
Bitcoin’s recent bullishness has been thwarted by bears who have attempted to push the cryptocurrency back down to its support within the lower-$7,000 region, and it is imperative for bulls to support BTC above this region if they want to further extend their upwards momentum.Analysts are noting that Bitcoin’s current market structure does appear to…
Following the recent freezing of around US$9 million of donations to the Hong Kong protest movement, demonstrators have now turned their attention towards financial censorship. With hostility against the banking industry rising, Bitcoin, as a censorship resistant asset, may well stand to benefit.The most recent manifestation of the ongoing civil disobedience has seen thousands of…
Bitcoin (BTC) has been caught in a firm uptrend over the past several days, which has primarily been the result of the massive upwards momentum that was sparked when it tapped lows of $6,400 earlier last week.This momentum led BTC as high as $7,700 today before it was met with significant resistance that led its…
XRP has been facing some bearish price action in recent times despite the ongoing recovery seen across the aggregated crypto markets and the increasing investments that Ripple is making to further enhancing the token’s utility.Analysts are noting that this lackluster price action is likely to result in further downside for XRP in the near-term, with…