Bottom this, bottom that. At long last, prominent crypto analysts across the board are convinced that Bitcoin (BTC) has finally bottomed in this cycle, and will not see fresh lows for years, if at all. While this may sound like wanton wishless thinking, a strong case has been made for this theory. In fact, the…
Bitcoin has passed a major milestone amid a remarkable price surge, recording its 400 millionth transaction since its 2009 inception. The cryptocurrency's value has risen by more than a third over the last month, with most of the gains coming during a major price spike at the beginning of April. Currently trading at around $5,250 (£4,000),…
China is considering a ban on bitcoin mining in the country in response to environmental concerns about the creation process of the cryptocurrency. The National Development and Reform Commission (NDRC) in China, which acts as the country's economic planning agency, announced a revised list of 450 industrial activities that it hopes to either encourage or…
Bitcoin (BTC) has continued its bullish assault late into the weekend. After rallying to and past $4,200 on Tuesday, the cryptocurrency continued higher throughout the week, currently sitting at a $5,150 valuation. While some analysts have been adamant that this is where Bitcoin’s winning streak ends, as what some call “Bloody Monday” approaches, others have…
It isn’t a secret that last week’s price action has some convinced that the year-long crypto bear trend is coming to a head. In fact, Fundstrat’s in-house Bitcoin (BTC) optimist, Tom Lee, recently told Bloomberg that he adamantly believes that the cryptocurrency market can now be classified as a bull market, looking to the 200-day…
The best time to accumulate is when prices are low. Even though Bitcoin has had a huge rally this week the digital asset is still 75% down from its all-time high. Looking at previous accumulation periods may offer some insight into the current market situation. 200 Days of Accumulation Last time Bitcoin went through a…
Elon Musk has taken to Twitter to promote a bitcoin-style cryptocurrency called Dogecoin. The Tesla and SpaceX chief executive posted a satirical news article about "crazy imaginary internet money" and a meme with the caption "Dogecoin rulz". He also changed his Twitter biography to read: "CEO of Dogecoin". We’ll tell you what’s true. You can form your own view. From 15p €0.18 $0.18 USD…
While many mainstream media outlets recently addressed the crypto industry with overt skepticism and seeming misunderstandings, with Gizmodo recently bashing Bitcoin’s power draw, this market has continued to push higher. As of the time of writing, Bitcoin (BTC) is slated to enter its second day of rallying strongly — the asset’s first clearly bullish streak…
Price predictions for Bitcoin and cryptocurrency markets have been coming thick and fast recently as the bottom appears to be extending and the bears running out of steam. Short term price action will help day traders take quick profits but most people eyeing the industry are in it for the long term. Analysts have been…
The tides have seemingly begun to turn in the favor of Bitcoin (BTC). Volumes have surged across the board, all while the flagship cryptocurrency has slowly moved to and past the auspicious $4,000 price point. And with this, many have begun to call to an end of the bear market, in spite of the fears…