There’s a theory, dubbed “The Halloween Effect” that believes that stocks and other assets like Bitcoin perform best starting from October 31 through May, then they do during the other half of the year. Will Bitcoin price benefit from such effect, or is the idea nothing more than an appropriately spooky superstition for this time…
Bitcoin and other cryptocurrencies are often requested by hackers after deploying ransomware on unsuspecting user’s computers due to the layer of pseudo-anonymity they provide. The leading crypto asset by market cap is once again at the center of a major ransomware attack that’s left the South African city of Johannesburg in a state of lockdown.…
Bitcoin is trading at a large premium on cryptocurrency exchanges in Argentina. Demand remains high after the nation’s central bank announced a further tightening of a limit on the number of dollars an individual can purchase from it each month. The policy essentially forces the people of Argentina to either sink of swim in an…
Bitcoin held to a stable range as investors wait for the Federal Reserve to take a final call on introducing another interest rate cut. The benchmark cryptocurrency was trading at $9,171.54 as of 10:13 UTC, down 2.75 percent from the market open. At its session high, bitcoin attracted a bid of $9,431.36 on the San…
Sometimes you get the feeling that certain industry pundits would rejoice if Bitcoin and crypto markets crashed and everyone got wiped out. New ideas and technology frightens a lot of people, especially the old school types that have made their money in other investments. Bitcoin Holding Steady We are now into the fifth day since…
Bitcoin has remained static for another day as the sideways trading continues. Altcoins are showing more promise at the moment however and Bitcoin Cash is leading the way. The Bitcoin fork could be benefiting from a recent reshuffle at mining giant Bitmain. Bitcoin Cash Cranking Higher Today’s top performing crypto asset is Bitcoin Cash. According…
Last week, news that Chinese President Xi Jinping spoke in support of blockchain technology, caused crypto markets to surge and Bitcoin to set its third-largest one-day gain percentage-wise in the asset’s ten-year history. Price action has since slowed, however, according to metrics from popular Chinese websites, interest in Bitcoin remains just as high, and could…
A correction after such a monumental crypto rally is to be expected though some industry observers will always see the negative side of things. Bitcoin has largely held on to gains though it appears to be weakening, while the altcoins are falling back at a faster rate. Bitcoin Holds Above $9,000 Many were expecting a…
Late last week the Chinese President offered widely publicized comments regarding his intentions to make China a global leader in blockchain technology, which was met with mixed reactions from investors, with some analysts noting that it was the catalyst behind the recent rallys incurred by Bitcoin and altcoins alike. These comments were particularly impactful to…
Peter Schiff has refuted the notion that the Chinese government endorsement of blockchain is behind Bitcoin’s recent price rally. The price of the leading digital asset surged on Friday to a high above $10,000 on some exchanges before returning to around $9,400 at the time of writing. Schiff instead claims that so-called whales (large holders…