Bitcoin continues to trade sideways, leaving the door open to generate generous profits by trading altcoins. Trading altcoins continues to be one of the most profitable strategies in the crypto market. The highlight of this week was the MATIC (MATIC) pump and subsequent dump, which I was lucky enough to time perfectly, securing a 60% […]
There are simple bearish Japanese candlestick patterns that every Bitcoin and cryptocurrency trader should know — here are 5 of them. As discussed in a previous article on bullish candlestick patterns, trading using Japanese candlesticks is the most popular method for analyzing price action by crypto traders. There are many patterns worth learning and understanding […]
If you have perused Bitcoin and Crypto Twitter at all over the past few weeks, you’ve likely seen the term “miner capitulation” mentioned again and again. You see, over the past few months, the price of BTC has fallen off a proverbial cliff, tanking from $14,000 to $7,000 in a matter of months. As this […]
Bitcoin and XRP were the world’s largest virtual assets going into 2019. However, while Bitcoin continues to dominate the market over the year, Ethereum did manage to overtake XRP on the cryptocurrenc The post 1.6 trillion Bitcoin transactions facilitated over last 2 years: Report appeared first on AMBCrypto.
A popular service for tipping social network users has announced that it will cease functioning on New Year’s Eve. BottlePay links social accounts with Bitcoin wallets to allow users to reward each other for agreeable content. The news comes in response to EU anti-money laundering regulations. BottlePay has confirmed that users will still be able […]
Analysts widely anticipated Bitcoin to begin incurring heightened volatility following its recent movement up to $7,500 that was instantly followed by a full retrace. Despite these expectations, BTC has remained stuck within the $7,200 region as it struggles to garner any momentum. Analysts are now noting that the cryptocurrency may currently be at a critical […]
Ross Ulbricht thinks that the price of Bitcoin is going to have a big upward rise that could lead it to the goal of $100k dollars. According to what Independent reported on December 13, Ulbricht would base its analysis on the Elliot Wave Theory. Market Analysis of a Prisoner Even being locked up in a […]
In yesterday’s UK General Election, the British people voted for the Conservative Party to take office for another term. The pound responded with a sudden rise in value reminiscent of a Bitcoin move. However, with the now majority Conservative party campaigning to just “get Brexit done”, the future value of both the pound and euro […]
Canaan shares recently crashed by as much as 40% on Nasdaq, which was likely caused by the continuous pressure on Bitcoin price. Bitcoin miners are in a tight spot once again, as Bitcoin’s price continues to experience pressure. Miners were known to withdraw from the mining industry when the price dropped in 2018, simply because […]
The total crypto market cap is currently consolidating losses above the $188.0B support area. Bitcoin price is also trading in a range above the $7,000 support area. EOS price is holding the $2.500 support area and it is rising towards the $2.650 resistance. BCH price is also somehow holding the main $205 and $200 support […]
Bitcoin price is showing a lot of bearish signs below the $7,280 resistance against the US Dollar. The price is likely to face resistance and selling interest near the $7,280 and $7,400 levels. There is a short term rising channel forming with resistance near $7,290 on the hourly chart of the BTC/USD pair (data feed […]
Bitcoin price action in the hourly chart of the BTC/USD pair is splitting opinion as candlestick arrangements send mix signals. BTC price is suppressed and in a temporary bear trend. While prices are levitating above the $6,500-$7,000 support zone, the sharp spike in trading volumes that temporarily lifted prices above $7,250 in the hourly chart […]
BitMEX recently announced its support for withdrawing bitcoin to the Bech32 (native SegWit) address format. The upgrade is effective already. But, how will this upgrade affect users? Bech32 Sending Support As of today, BitMEX users will be able to withdraw Bitcoin to three address formats. This implies that the address to which Bitcoin is being withdrawn […]
A billionaire internet philanthropist claims to have just bought 12 Bitcoin. Bill Pulte, the grandson of successful property developer William John Pulte, is known for extravagant online giveaways in which he bestows chunks of money on random Twitter followers. Pulte recently came out as a big fan of the peer-to-peer digital monetary system. He celebrated […]
Coinspeaker More than Half of Global Bitcoin Hash Rate Is Controlled by One Single Province in China A recent report has confirmed that not only does China control a large percentage of Bitcoin’s worldwide hash rate, but most of it also comes from just one province. More than Half of Global Bitcoin Hash Rate Is […]
There is a wealth of data and differentiating metrics that can offer real insight in bitcoin and its potential. Bitcoin Transaction Values Unraveled A recent article by director of research at Fidelity Digital Assets, Ria Bhutoria, has delved deeper into transaction value on the bitcoin network. The ledger, which uses the unspent transaction output (UTXO) […]
Chinese Bitcoin miners have extended their share of the global hash rate. Currently, they control two-thirds of Bitcoin’s processing power, Reuters reported yesterday, citing a research by CoinShares. Chinese Share of Bitcoin Hashrate Highest Since At Least 2017 Currently, Chinese miners control 66% of Bitcoin hashrate. The indicator refers to the Bitcoin-related computing power that […]
Bitcoin has potential for a small price bounce after hitting two-week lows early on Thursday.
The total crypto market cap is declining and struggling to stay above the $188.0B support. Bitcoin price is down more than 2% and it broke the $7,200 support area. Litecoin (LTC) price is declining and approaching the $43.20 support area. BCH price is somehow holding the main $200 support area. EOS price is sliding and […]
Bitcoin price is declining and it is now trading below the $7,200 support against the US Dollar. The price is likely to struggle near the $7,200 and $7,280 levels if it corrects higher. There is a key bearish trend line forming with resistance near $7,190 on the hourly chart of the BTC/USD pair (data feed […]
In the weeks following dramatic new restrictions regarding the acquisition of both bitcoin and USD in Argentina, the local crypto community has reacted in a number of interesting ways, showing both the possibilities of Bitcoin as a financial tool in the face of government constraints as well as the decentralized crypto asset’s resilience to measures […]
“Blockchain, not Bitcoin.” This rallying cry became a hallmark of the 2017 market boom and continued to reverberate in the subsequent cryptocurrency bear market. Entrepreneurs and institutions from every corner of every industry tried to shoehorn blockchains into use cases for everything from pharmaceuticals to bananas. “Just slap a blockchain on it,” the idea went, […]
Long positions taken on Bitcoin on the popular crypto exchange Bifinex are nearing an all-time high, all while the leading cryptocurrency by market cap continues to fall. It could suggest that a very large whale is taking a massive position in Bitcoin ahead of the upcoming halving, in preparation for a rally and bull market. […]