Far from its humble origins on the cypherpunk list server, Bitcoin now captures the attention of the general public on a seemingly daily basis. Prominent news outlets, once waffling between indifference and hostility, regularly feature the trailblazing cryptocurrency as part of their coverage of the global financial landscape. As time passes, an ever-increasing segment of […]
The Bakkt platform is starting to build momentum after a disappointingly uneventful launch. On Thursday 10 October, the exchange reported 224 BTC contracts had been traded, which equates to around $1.83 million. That figure is 3,100% higher than the mere 7 Bitcoin contracts that were traded on the very first day, only 2 weeks ago. […]
Ethereum founder and programmer Vitalik Buterin thinks the Proof-of-Stake protocol will make the Ethereum blockchain safer than Bitcoin in the next few years according to a press release dated October 9, 2019, from Decrypt. On the stage of the Ethereum conference in Osaka, Mr. Buterin explained the reasons why network attacks will be more expensive […]
On Oct. 9 Bitcoin price rallied 5% to notch a 2-week high at $8,715. Traders now must push BTC above the 200-daily moving average and set a higher high above $9,780. On Wednesday morning Bitcoin perked up and punched above the $8,300 resistance during the U.S. trading session. Daily crypto market data. Source: Coin360 The […]
OTC trading platform B2C2 launches what it calls the first product for gold trading using Bitcoin for pricing and settlement. Over-the-counter (OTC) trading platform B2C2 has created what it calls the first product for gold trading using Bitcoin (BTC) for pricing and settlement. Macro players eye new BTC gold product Speaking to industry news outlet […]
On Monday, the Bitcoin price spiked out of nowhere, reclaiming $8,350 in a jaw-dropping 6% rally after a precipitous drop to $7,800. While the bullish price action has decisively ended, with BTC falling back to $8,100 as of the time of writing this, indicators abound have shown that cryptocurrencies may continue to recover in the […]
An unch bitcoin struggled to find its next direction on Wednesday as investors placed their sentiments behind global stocks. The benchmark cryptocurrency surged by a minor 0.07 percent to trade at $8,185.34 – as of 11:24 UTC. Earlier today, it had established a daily session high of $8,245 but corrected after the European session open. […]
Bitcoin is about to become a hot asset as the US central bank goes ahead with its pseudo-quantitative easing program, believes a few bigwigs. Travis Kling, the chief investment officer at California-based Ikigai Asset Management, called bitcoin “an insurance policy” against Jerome Powell’s decision to resume Treasury purchases. The Federal Reserve chairman on Tuesday confirmed […]
Binance Coin (BNB) was trading in an extremely positive zone on Wednesday as its top rival bitcoin kept underplaying investors’ bullish expectations. The eighth-largest cryptocurrency by market cap surged by up to 11.73 percent to establish a session high of 2,289 sats. It attracted a similar capital from the fiat market, rising by 11.12 percent […]
The SEC has rejected Bitwise’s proposal for a bitcoin ETF.
Bitcoin popped earlier this morning and our own Brad Keoun talks to Joe DiPasquale of BitBull Capital about what moved the market.
In “Meditation XVII,” the poet John Donne famously coined the aphorism “No man is an island.” That may be true, but what about a social network? Gab is pretty damn close. The highly controversial platform has been blacklisted by email services and web servers, its tools have been banned from the Firefox and Chrome browsers […]
Summary: The bitcoin market is experiencing a strong rally that has us testing the strength of the $8,300 resistance level. So far, the support level at $8,090 is holding and as long as the daily candle doesn’t close below the support level the market is poised for a retest of the $8,500s. If we see […]
Bitcoin loves to trade inside triangles. The leading crypto asset by market cap just broke down from a multi-month triangle and spent most of 2018 trapped inside a descending triangle that ultimately broke down. However, all of this price action may be part of an even larger symmetrical triangle formation dating back as far as […]
Bitcoin has started once again trading sideways after a breakdown from its previous trading range, and when Bitcoin trades sideways, altcoins often get their time to shine. Thus far in October, altcoins have outperformed Bitcoin by a wide margin, and according to crypto analysts, the surge in alts could last all month long and have […]
Binance, the world’s largest crypto exchange by 24-hour trading volume has announced the launch of its peer-to-peer (P2P) crypto trading service for Chinese residents. Users will now be able to trade a few supported cryptocurrencies including bitcoin (BTC), ether (ETH) and Tether (USDT) against the Chinese yuan, according to a blog post from the exchange, […]
The Fed Reserve’s decision to expand its balance sheet is seen as a long-term positive for bitcoin, but prices are yet to feel any effect.
Valdis Dombrovskis — the European Union’s (EU) finance commissioner says crypto regulation will be a major focus of his if appointed for a second term. Robust Crypto Regulation in the EU According to Reuters, Dombrovskis is ready to change tack and pursue the creation of a well-defined framework for cryptocurrency regulations within the EU. Speaking […]
ETH price is still struggling to break the key $185 resistance area against the US Dollar. The price is currently correcting lower and it might find support near $178 or $175. There is a connecting bullish trend line forming with support near $178 on the hourly chart of ETH/USD (data feed via Kraken). The pair […]
Prompted by a flailing economy and plunging fiat currency, Venezuela is one of the world’s largest markets for bitcoin adoption. According to data from LocalBitcoins, Venezuelans have purchased over $250 million worth of BTC in 2019 to date. Capitalizing on this growth, Traki, one of the largest retail chains in the country, has installed its […]
Cryptocurrency in Russia continues to see hardships even though the Russian government is easy on the blockchain there is no permanent solution for all cryptocurrencies. The hard-pressed relations between former Soviet states, Belarus and Russia, have welcomed another golden apple into their basket over their disagreement related to cryptocurrency. The assets of the digital age, […]
Summing up the returns as at the end of the third quarter, Bitcoin is the best-performing asset year-to-date despite the September crash. Bitcoin is the Indisputable Winner On January 1, the oldest cryptocurrency out there started at $3,746, according to Coinmarketcap data. At the time of writing, Bitcoin is trading at around $8,204 as at […]
Professional UFC fighter and unabashed bitcoin bull Ben Askren took to Twitter yesterday to tell everyone he’s piling up on BTC and challenge the crypto haters. In a fairly confrontational tweet, Askren dared all of the “twitter geniuses” to explain why “crypto is a scam,” resulting in several gibes at his expense. Just bought more […]