Bitcoin has further extended its bout of consolidation as it continues trading sideways around the $8,200 level, which appears to be a key support level that BTC’s bulls need to defend in order for the crypto to move higher in the near-term. Analysts are noting that Bitcoin is currently forming what could be a long-term…
The authorities in India appear to have fallen victim to their own anti-crypto regulations. Money seized from a convicted Bitcoin scammer is currently sitting trapped in a frozen State Bank of India of bank account. The authorities had originally hired a local trading venue to take care of exchanging the $1.1 million in Bitcoin for…
A new technical analysis indicator has been launched that is named after an iconic trader who accurately predicted Bitcoin’s bottom over a year before it happened, due to his familiarity with parabolic assets retracing after an overly powerful rally. The indicator in question gave a sell signal just before last week’s massive Bitcoin price crash,…
According to sources close to CNBC, the White House considered blocking US firms from investing in China. Shares of major Chinese companies dived on Friday, as the rumors gained traction. However, shortly after this, the US Treasury waded in to quash the rumors. All the same, with trade talks due to resume on October, 10th,…
While readers might not have heard of Michelle Phan, Bitcoin adoption may be dramatically boosted by this one social media star. The Asian-American Youtuber, who sports a channel with over eight million subscribers and over one billion video clicks, recently doubled down on her love for the leading cryptocurrency, sticking to her guns even amid…
Ethereum has faced a bout of consolidation today as the aggregated crypto markets continue to attempt to determine which direction they will move next, and it is highly probable that in the near-term most major altcoins like ETH will closely track Bitcoin’s price action. Analysts are currently noting that Ethereum may soon incur significant upwards…
A Russian scientist has received a fine for mining Bitcoin at a top-secret nuclear facility. Denis Baykov has been ordered to pay 450,000 rubles, or about $6,900 for his involvement in the scheme. The incident is the second of its kind reported this year. Earlier in 2019, scientists at a Ukrainian nuclear power plant were…
Bitcoin (BTC) has surrendered the majority of the upwards momentum that it incurred earlier this week and is now sitting at a key support level that bulls must hold if they want to propel the crypto any further in the near-term. It is important to note that the muted response to this support level may…
Last week, following disappointment surrounding the much anticipated Bakkt launch, Bitcoin price smashed below $10,000 and plummeted over 20% to under $8,000 before it found support in the high $7,000 range. The move sent Bitcoin price through the 200-day moving average, with multiple daily closes below it. However, after the leading crypto asset bounced from…
Bitcoin eked out modest gains on Tuesday in tandem with similar moves on Wall Street. The benchmark cryptocurrency surged by 0.5 percent to $8,349.97 as of 1141 UTC. The move upside brought its net week-to-date gains up by circa 8.5 percent, as measured from the session low of $7,701. The two-day winning streak also influenced…