Following an incredible parabolic rally and recovery during the first half of the year in 2019, Bitcoin price has spent the second half of the year in an ongoing downtrend that has taken the price of the asset back into a range not traded in since the depths of the bear market. Does this mean…
The Shanghai branch of the People’s Bank of China has just commented on crypto yet again. According to the announcement, published on Friday, the branch of the Chinese central bank has observed a resurgence in cryptocurrency-related speculation through ICOs, IEOs, STOs, and other capital-raising/token distribution methods. Related Reading: Bitcoin Readying to Drop 85% to $1,000,…
Bitcoin (BTC) has plummeted into the $7,000 region today as bears continue working to erase all the gains that were incurred during the crypto’s meteoric rally in late-October, which may signal that significantly further downside is imminent for the embattled cryptocurrency. Analysts are now noting that Bitcoin is “on life support” as it trades around…
Despite the fact that many crypto naysayers say that digital currencies are useless for payments, the number of retailers accepting payment via cryptocurrency is growing. Hot spots are emerging all over the globe. The areas in which cryptocurrency usage appears to be growing fastest and most concentrated remain the US and Europe. However, data shows…
After a brief period of consolidation, Bitcoin has once again made another downwards movement that has led it below its previous support level at $8,000. This latest bout of downwards momentum has opened the gates for significantly further losses, assuming bulls don’t step up and propel BTC higher. One prominent analyst is now noting that…
Malta based Binance is setting itself up for global domination in the crypto industry. Whatever market sentiment may be at the moment, the company has not been deterred as it reportedly eyes antipodean shores for its next crypto exchange. Binance Branches Out According to Aussie crypto outlet Micky, Binance boss Changpeng Zhao said that the…
Recently, it was reported that Bitcoin mining now consumes as much as a quarter percent of the entire world’s electricity supply, putting it on par or higher than many small nations. However, the actual emissions and impact on climate change, according to a new study, aren’t as negative as once believed. Bitcoin Mining Emissions Aren’t…
Each year, the annual Ripple-hosted Swell conference causes a strong XRP price pump leading up to the event, but the asset typically corrects in a post-event sell-off back to normal price ranges. This year, the pump was underwhelming, and according to one crypto analyst, has amounted to nothing more than a bearish retest that was…
Markets, whether it’s Bitcoin or Amazon stocks, are cyclical and are driven by the same dynamics such as supply and demand, speculation, and the emotional state of investors and traders making up each market. According to one analyst, Bitcoin is following a fractal similar to when Amazon stock price corrected following the dot com bubble…
It has been a crazy past few weeks for Bitcoin, with the cryptocurrency’s price incurring an explosive rally that sent it surging from lows of $7,300 to highs of $10,600 before this momentum faltered and BTC began a slow grind down to its current price levels. One prominent analyst is now noting that Bitcoin’s inability…