As the crypto market has been flushed with green tickers, Ethereum (ETH) has surged, moving from a year-to-date at $81 to $150 in a matter of a few weeks’ time. In classic crypto fashion, this monumental rally, which nearly doubled the value of Ether, wasn’t backed by a clear catalyst. Some looked to the potential…
In December 2017, the price of bitcoin was approaching $20,000 after months of miraculous growth had pushed its price up by more than 2,000 per cent since the start of year. There seemed no end in sight to the cryptocurrency being hailed as the future of money, as newly-minted early adopters encouraged newcomers to invest in the digital…
After MarketWatch got lambasted for publishing a questionable op-ed regarding a Bitcoin mining “death spiral,” the financial media continued their bearish cryptocurrency coverage on Wednesday. More specifically, Bloomberg News, which covers the crypto industry round the clock, recently had its in-house analysts tout a $1,500 per BTC prediction — far below what many traders deem…
While crypto’s unbridled optimists have done their best to keep this market afloat, incessantly imploring Bitcoin investors to “HODL” and “BUIDL,” their cries haven’t stopped a key Ethereum Classic development group from unfortunately capitulating. Ethereum Classic Ecosystem Loses Key Player Amid Market Tumult After a multi-month downturn in the cryptocurrency world, which has seen $700…
Since the crypto industry’s monumental rise to prominence on a planetary stage, pundits and consumers alike have sought to predict where Bitcoin (BTC), a mechanism to achieve financial freedom, is bearing. While some have succeeded, by luck or other means, other wannabe soothsayers haven’t seen an ounce of success, to put it lightly. Regardless, in…
After a week of poor performance, Bitcoin has continued its descent, and has now crashed below its previous 2018 lows of $5,500, setting fresh lows at $5,100. Bitcoin’s unprecedented drop has led many major altcoins to fall 10% or more, and according to one analyst, more blood is likely to come in the near future.…
In 2014, a group of developers launched a cryptocurrency with the ambitious aim of solving the problem of price volatility. Tether was the first so-called 'stablecoin', with the idea being that each token issued would be backed by one US dollar. For a while it seemed to work. Major cryptocurrency exchanges like Bitfinex adopted tether as a medium of…
Since Bitcoin found a foothold in the $6,200-$6,800 range in early-August, crypto traders have been doing their best to discern where this unpredictable market will head next. But, with positive crypto-centric news becoming commonplace, there has been an unprecedented number of investors, commentators, and industry leaders that have foreseen a bottom in the tumultuous cryptocurrency market. “Last…
Bitcoin’s volatility rates have hit a 17-month low, due to a combination of a slow news cycle and low trading volume, leading some investors to believe that the lack of volatility could signal a maturing market. Despite this, debate remains as to whether or not a stable Bitcoin is a positive sign for its future.…
Price analysts and charting experts are conflicted as to whether or not the recent price rise and persisting stability for Bitcoin and the general cryptocurrency markets signals growing strength or represents the calm before the storm. One charting expert believes that the technical damage done to Bitcoin over the past nine months will take several…