The bitcoin price will likely fall anywhere between $0 and $500 in the future, according to Jason Calacanis. The prominent venture capitalist said on Wednesday that the world’s largest cryptocurrency operates in a manipulated market. He further discussed the possibility of [a] new, emerging technology replacing bitcoin that would eventually hurt its long-term fundamentals as an…
The bitcoin price has slipped by almost 5.5 percent from its yearly high at $8,388 and could be in for a massive downside correction. But that has not deterred a prominent fund manager from projecting a bullish case for the world’s largest cryptocurrency. Brian Kelly, the founder of BKCM, LLC, a New York-based digital currency…
An average bitcoin investor in South Korea has dumped more fiat money than the one in other countries, reveals CryptoCompare. The London-based data analytics firm found that cryptocurrency exchange BitHumb has received over $16 billion worth of fiat money in April 2019. The firm further noted that Upbit, a BitHumb-rival, posted the second-best influx of…
A notable cryptocurrency analyst has projected double-growth for Ethereum in the second half of 2019. Jacob Canfield, the co-founder of SignalProfits.com, predicted Ether at circa $546 based on the asset’s historical price moves dating back to 2017. The analyst noted that the Ether price is trending inside a Rising Channel that looked strikingly similar to…
A prominent analyst fears difficulty for bitcoin if its spot rate drops below $7,500. Nick Cote, the chief information officer at US-based Redacted Capital, said holding the $7,500-level is essential for bitcoin as it began correcting from a yearly high of $8,388 this Thursday. The analyst noted that bitcoin falling below $7,500 could switch the…
It was institutional buyers that pumped the bitcoin price by 23 percent last week, according to a prominent cryptocurrency analyst. Alex Krüger said the latest bitcoin price action hinted systematic buying, an act of people pooling their strategy to purchase a financial asset in large volumes. Retail investors lacked the capital that could pump the…
The bitcoin price has jumped above $7,500 to discover its fresh yearly high. The world’s largest cryptocurrency established $7,568.32 as its new session peak, bringing its year-to-date net rebound up to 140 percent on San Francisco-based Coinbase exchange. The broader cryptocurrency market tailed bitcoin’s uptrend, with a majority of top assets posting double-digit gains, including…
Over a million internet users are visiting Binance every day as the cryptocurrency exchange manages a $40 million hack scandal amidst a bitcoin price boom. Toronto-based Kevin Rooke, known for his insightful crypto-related social media analysis, revealed that Binance’s daily average traffic had gone up by 13 percent in April. At 1,183,000 visits, the Malta-based…
Bitcoin could undergo an immediate bearish correction, but it would eventually bounce back towards $6,500, according to Peter Brandt. The veteran commodity trader said Saturday that the bitcoin price was meeting its crucial resistance level near $5,745, as shown in the chart below. There was a strong probability of the asset undergoing a reversal, which loosely…
Litecoin, once the bitcoin’s closest rival, has beaten almost all the top crypto assets in terms of year-to-date (YTD) performance. The LTC/USD instrument has printed a 164.14 percent adjustable gains in 2019, bringing its total rebound to a total of 256 percent. Compared to other top dollar-based cryptocurrency instruments, Litecoin is only behind Binance Coin’s…