Bitcoin bears have continued to flex their muscles into Monday morning. After closing the week at a massive loss, with BTC posting its worst performance since November 2018’s capitulation event, bulls failed to make their presence known. As of the time of writing this, the Bitcoin price has started to collapse yet again, falling as…
Since the end of June, Bitcoin (BTC) price hasn’t been doing too hot. After peaking out at $14,000, the cryptocurrency has tanked dramatically, first to $10,000, then $9,000, and then $7,700 most recently over a three-month period. Related Reading: Bitcoin Price Can Rocket Higher Without Institutions: Venture Capitalist This harrowing price action may leave you…
“Bitcoin is an echo bubble”, cryptocurrency cynics have cried since BTC hit $14,000 and collapsed in quick succession. These Bitcoin skeptics believe that this most recent uptrend and collapse in the cryptocurrency market is Bitcoin’s one last attempt at making it big, to allow early adopters and those in the know to cash out. Related…
Over the past 48 hours, Bitcoin (BTC) price has started to show some strength. After the brutal drawdowns that were seen early this week, which saw BTC unravel to $7,700 from $10,200, this strength has been welcomed. Related Reading: Bye-Bye Bull Run: Bitcoin Price Daily Closes Under Vital Moving Average However, one analyst says that…
The outgoing president of the European Central Bank (ECB) believes that so far crypto assets have had few implications for existing monetary policy. However, Mario Draghi believes that this could change in the future. He states in a letter to a pro-crypto MEP that efforts like Facebook’s Libra could see sufficient adoption to make them…
Earlier today, news broke that the central bank of Venezula is in tests to see whether it would be advantageous for the institution to hold cryptocurrency reserves. The nation’s state-run oil company is also apparently attempting to send Bitcoin (BTC) and Ether (ETH) to pay suppliers via the central bank. Naturally, many commentators have celebrated…
Hello, volatility! While it has been only two hours since our last Bitcoin price market update, the cryptocurrency market has taken a further beating. A beating that likely caught bulls with their pants down. For those that haven’t been perusing Crypto Twitter over the past few days, ever since Bakkt launched, the Bitcoin price has…
On Sunday, a momentous occasion took place for the Bitcoin industry: The Intercontinental Exchange-backed Bakkt launched its much-awaited Bitcoin futures contracts after nearly a year of regulatory setbacks and logistical hurdles. While many expected for there to be “fireworks” at the open, there weren’t. Indeed, as according to the Intercontinental Exchange’s market data says that…
Facebook has revealed more details about its controversial cryptocurrency project, unveiling which currencies will be used to back it. In a letter to German politician Fabio de Masi, Facebook said that half of the Libra cryptocurrency would be backed by reserves of US dollars, while the euro, Japanese yen, British pound and Singapore dollar would also…
According to one analyst, the Bitcoin (BTC) price is entering “bear” territory. This may seem crazy, especially considering that the leading cryptocurrency is still some three times higher than it was during December’s harrowing bottom, but there is technical analysis-based evidence to suggest that BTC is in more of a precarious situation than some think.…