Any good investor, trader, or financial analyst – be it Bitcoin, crypto, or traditional financial markets – conducts due diligence such as fundamental analysis and technical analysis before and while taking a position, to minimize risk and maximize reward. As part of this analysis, oftentimes, analysts also look for important dates that news might break, […]
Bitcoin’s short-term outlook has turned decidedly bearish after a week of sideways action. Bitcoin (BTC) price was testing support at $10,000 Aug. 22 as the largest cryptocurrency fluctuated between four and five figures. Market visualization. Source: Coin360 Difficulty must touch floor before Bitcoin price moons Data from Coin360 showed BTC/USD crossing the $10,000 mark multiple […]
Ethereum hasn’t done too well over the past year. Since peaking at $1,400 and nearly “flipping” Bitcoin, the cryptocurrency has embarked on a steep downtrend, shedding a large majority of its value as demand has tapered off. In fact, one ETH is now valued at under 0.02 BTC — a level not seen since the […]
Bitcoin could get remain stuck in a price range defined by $8,000 as support and $20,000 as resistance, believes Mike McGlone of Bloomberg Intelligence. The senior commodity strategist on Tuesday said bitcoin price is in an “extended hibernation” state because more people are storing the cryptocurrency like gold instead of trading it on the spot […]
Following a strong rally back toward $11,000 that was stopped roughly $50 short, Bitcoin price has now broken back below $10,000 yet another time during the month of August. While Bitcoin price has been on a bull rally throughout most of 2019, bringing investors who bought the bottom over 300% returns at its peak, it’s […]
Trading signals for Bitcoin are turning ‘extremely bearish’ as the cryptocurrency’s wild upside of HY2019 comes close to its exhaustion. According to market analyst Chonis Trading, the moving average convergence divergence (MACD) oscillator on bitcoin’s weekly charts is looking to flip to indicate its bearish bias. The indicator is one of the most popular ones […]
By CCN Markets: The S&P 500 is showing an intriguing pattern of behavior. May 30 was the ninth consecutive day that the stock market index closed above the 200-day moving average but below the 50- day moving average. This one is both a) utter fucking nonsense and b) incredible. If $SPX closes today between 2800 […]
The Reserve Bank of India (RBI) did not correctly respond to the presentation that could have removed the necessity of banning bitcoin trading in the country, found the apex court. The Supreme Court of India noted in a hearing today that the central bank forwarded the presentation to the government. But what it should have […]
Bitcoin has long been pitched as the digital version of gold – a precious metal that’s long been used as a store of wealth, transfer of value, and features many of the attributes that Bitcoin is lauded for, such as scarcity. Bitcoin price has also been following a fractal found on gold price charts almost […]
Among the many reasons that make Bitcoin unique, is that it’s designed to be a global currency accessed by anyone, anywhere, without restriction. Because of this, the first-ever crypto asset is used across the world in different capacities, affected by culture, economic conditions, regulation, and more. A new study reveals how Bitcoin nodes are distributed […]
SBU (Security Service of Ukraine) detectives have discovered a cryptocurrency mining operation at one of the nation’s nuclear power plants. The agency has reason to believe that it was officials at the facility that had installed the unauthorised hardware. The SBU alleges that the internet connection installed to facilitate the mining operation posed a significant […]
Bitcoin may fall back to recent lows below $9,500, having strengthened the short-term bearish case with a $700 drop earlier today.
The self-acclaimed youngest bitcoin millionaire is seemingly ambitious and confident that a newly upgraded payments app would depose Libra even before the Facebook cryptocurrency has launched. In a Twitter post on August 19, 2019, the young cryptocurrency investor announced the launch of Metal Pay, which is touted to reach a large number of people in […]
The European Commission, an executive branch of the EU, has initiated their inquiry into Libra’s ability to suppress rivals and create a financial monopoly. Reports from Bloomberg, August 21, 2019, confirm that the European Commission is scrutinizing the consortium of companies involved with Libra. Visa, MasterCard, Facebook, and the Commission have declined Bloomberg’s request for comment. The Threat of […]
American investor and Morgan Creek Digital Assets co-founder Anthony Pompliano says that Bitcoin will end up in every institutional investor’s portfolio. American investor and Morgan Creek Digital Assets co-founder Anthony Pompliano says that Bitcoin will end up in every institutional investor’s portfolio. In an interview with CNBC on Aug. 20, Pompliano said that every single […]
Praxxis is the second cryptocurrency to launch with Chaum at the helm in twelve months. E-cash inventor David Chaum has unveiled yet another cryptocurrency which he says is resistant to quantum computer attacks. Chaum plans for quantum armageddon In a blog post issued Aug. 20, Chaum championed the new offering, Praxxis, which has seen a […]
Cryptocurrency investor and Placeholder partner Chris Burniske has argued that Ether is enduring its first mainstream bear market, just as Bitcoin did back in 2014-15. Cryptocurrency investor and Placeholder partner Chris Burniske has argued that Ether (ETH) is enduring its first mainstream bear market, just as Bitcoin (BTC) did back in 2014-15. In a tweet […]
The Financial Times’ chief correspondent for international finance has argued that central banks can ironically be credited for boosting Bitcoin’s price. The Financial Times’ chief correspondent for international finance has argued that central banks can ironically be credited for igniting Bitcoin’s price. In a column for Nikkei Asian Review on Aug. 21, Henry Sender said […]
Losses in Sichuan Province have failed to dent Bitcoin performance, in sharp contrast to 2018. Bitcoin (BTC) network hash rate remains near all-time highs despite fresh turmoil in China as floods wipe out mining operators. Bitcoin mining farm ‘devastated’ As various Twitter users reported on Aug. 20, the rainy season in China’s northwestern Sichuan province […]
A severe rainstorm in China’s southwest has led to fatal mudslides, causing some local hydropower plants and bitcoin miners to halt operations.
The liquidator for the collapsed Cryptopia exchange says the way the platform was managed is slowing up the task of determining user holdings.
Bitcoin offered the first smart contract programming language the world had ever seen. Script, as this language is called, lets users encode different conditions under which coins can be spent. But while this was a revolutionary concept, it’s not easy to use, especially for more complex spending conditions. Both writing a complex contract as well […]
Bitcoin price failed to surpass the $11,000 resistance and recently declined against the US Dollar. The price is currently trading below the key $10,600 and $10,500 support levels. This week’s followed crucial bullish trend line was breached with support near $10,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price […]