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Analyst: Ethereum Still on Track for Move to $260 as Network Activity Spikes

Ethereum has been closely tracking Bitcoin’s price action over the past several days and weeks, and this correlation has persisted when ETH dropped overnight as BTC was met with significant selling pressure within the lower-$9,000 region, which subsequently sent it reeling down to $8,700. Bitcoin’s current bearishness has caused Ethereum to show similarly bearish signs, […]

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Why Bitcoin Mining is Still a Very Lucrative Venture

Bitcoin prices are still extremely volatile and, as we saw at the weekend, experience wild swings in both directions. This trend is likely to continue until distribution evens out and is not as ‘top heavy’. BTC mining, on the other hand, has had a much smoother ride in recent years. Cumulative Bitcoin Mining Revenue Tops […]

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Ethereum (ETH) Price Still Capped By Key $185 Resistance

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 […]

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Bitcoin is Still Best-Performing Asset YTD Despite Bearish Q3

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 […]

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Tom Lee: Bitcoin (BTC) Is Still Too Small For Institutions

Bitcoin (BTC) has maintained a hold above $8,000 for the past few days and it appears to be consolidating here. The Bakkt futures launch a couple of weeks ago was hugely underwhelming and industry experts suggest that bitcoin and crypto is still too small for institutional interest. Bitcoin Price Holds Support BTC topped out at […]

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If In Doubt Zoom Out, Bitcoin Profitable Days Still at 91.5%

Even despite the recent haircut off Bitcoin’s market capitalisation that saw prices once again crash spectacularly through the $10,000 level, those buying the crypto asset throughout most of its history would theoretically be in profit if they had held onto their investment until today. In fact, Bitcoin prices were lower than they are today on […]

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Bitcoin Price (BTC) Weekly Target of $7.5K Still In Sight

Bitcoin price extended its decline and broke the key $8,000 support area against the US Dollar. The price is likely to test the main weekly bearish target of $7,500 in the coming sessions. There was a bearish break below a contracting triangle with support near $8,350 on the hourly chart of the BTC/USD pair (data […]

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Bitcoin, the Best Performing Asset Ever, is “Still Very Cheap”: Prominent Investor

Bitcoin (BTC) is undoubtedly the best performing asset… ever. MarketWatch reported earlier this year that if one strapping investor put $100 into BTC on July 16th, 2010, that sum would have swelled to over $7,000,000 by March 2019. This, for those wondering, is upwards of a 70,000% or 7,000,000% gain — something most investors can’t […]

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‘Bitcoin Is Digital Gold’ Narrative Still Unproven, Warns Expert Trader

Veteran trader says Bitcoin might not be digital gold and suggests an impending recession will test the Bitcoin as a store-of-value narrative. For many, trading cryptocurrency can be a challenge, but the process is made easier if one relies on a combination of technical analysis tools and oscillators to provide insight on which path digital […]

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Ethereum Fundamentals Still Solid Despite Price Collapse, Could Surge Soon

The world’s second largest crypto asset has taken a beating recently. Not only has Ethereum price collapsed below $200 but it is constantly hounded by the majority of the crypto community which remain blinded by the performance of its big brother. Ethereum Remains Asleep In terms of price action, there are not many positive things […]

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Bitcoin Panic Unwarranted But Ethereum Still ‘Ugly’ Below $200

The week has ended with reclamation of five figure prices by bitcoin. Some of the altcoins have been marginally dragged up with it, but many including Ethereum are still looking extremely weak. Bitcoin Back Over $10k The past five instances bitcoin has dropped into four figures have been brief encounters. There is clearly a mass […]

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Bitcoin Rebuffed at $11,000 But Still In Bull Territory

Bitcoin has failed the $11,000 test again although it was a pretty half-hearted attempt. Touching $10,948 on Coinbase, the price quickly retreated to currently trade at . Just as the 200 MA on the day chart is providing support, it is the 4-hour 200 MA that s the resistance that could prove a hard nut […]

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Bitcoin Slips in Tandem with US Stocks; Still a Safe-Haven?

Bitcoin fell by as much as 5.54 percent on Wednesday after bond markets warned the possibility of a recession is growing. The BTC/USD instrument today established a new local swing low of $9,470 on San Francisco-based Coinbase exchange. The downside price action brought the pair’s week-to-date losses to circa 18 percent. It nevertheless attempted a […]

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Cryptocurrency Market Sees Red as Bitcoin Still Struggles Under $12,000

Major coins are seeing red, with Tezos, Cardano and Tron losing the most on the day among the top 20 coins. Friday, Aug. 9 — Bitcoin (BTC), Ether (ETH) and XRP are slumping along with the rest of a largely red cryptocurrency market. Market visualization. Source: Coin360 Bitcoin is trading at$11,910 at press time, with […]

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Bitcoin Still Completely Dominates BCH and BSV, New Research Shows

Bitcoin’s main forks – Bitcoin Cash ABC (BCH) and Bitcoin Cash SV (BSV) – have several elements of a medium of exchange asset, but they still don’t experience the same adoption level. Bitcoin Forks Are Rarely Used as Means of Exchange On Monday, July 29, crypto analysis firm Coinmetrics published a report that compares Bitcoin […]

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Zimbabwe: People Are Still Buying Bitcoin to Shelter from Reckless Monetary Policy

According to a video published by VoaZimbabwe on July 18, 2019, Zimbabwe citizens are using bitcoin as a decentralized store of value to shelter from the reckless monetary policy adopted by the government. Zimbabwe’s Monetary Policy Following the controversial decision of banning local trading in foreign currencies, including the US dollar, with immediate effect starting […]

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Bitcoin Still ‘Wildly Bullish’ Despite Sharp Recent Retreat, Experts Say

Despite the recent fall of Bitcoin, experts have not yet abandoned their bullish sentiment. In fact, it seems that current events have only served to reinforce this perception. While it is true that bitcoin experienced a sharp drop, breaking essential supports for swing and day traders, in a long term vision it is possible that […]

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Is Bitcoin Still an Evil? US Customs Seized JPMorgan’s Ship Filled With Cocaine

Coinspeaker Is Bitcoin Still an Evil? US Customs Seized JPMorgan’s Ship Filled With Cocaine U.S. customs seized a ship full of cocaine owned by JPMorgan Asset Management. They declined to comment but everybody remembers how their CEO Jamie Dimon compared Bitcoin with the criminal activity. Is Bitcoin Still an Evil? US Customs Seized JPMorgan’s Ship […]

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Analyst: Bitcoin May Consolidate for Several Months, But Six-Figure Price Surge is Still Imminent

Bitcoin and the entire crypto markets are experiencing a green Monday, with most major assets trading up a few percent. Today’s price surge has allowed BTC to establish the lower $11,000 region as a level of support and may have contributed to growing technical strength. Despite this, one prominent analyst is now explaining that he […]

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P2P Bitcoin Exchanges Still Hodl Hodling On

In this episode, Dave and Grahm cover the recent news and developments happening around peer-to-peer (p2p) bitcoin exchanges. They talk with Hodl Hodl’s Max Keidun about LocalBitcoins, regulatory uncertainty, predictions and different kinds of p2p exchanges. Resources News: Paxful and AirTm Partner to Increase Bitcoin Adoption in Latin America LocalBitcoins Stops Cash Trades, Personal Offers […]

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Bitcoin Still Vulnerable to Further Losses Despite Current Stability, Here’s What Analysts Think

Bitcoin and the aggregated crypto markets are currently coming off of a period of large volatility that appears to have put the entire market’s recently established upwards momentum in danger of being lost. Since incurring significant selling pressure over the past couple of days, however, Bitcoin (BTC) has been able to stabilize in the upper-$7,000 […]

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Bitcoin Price Still Massive 75% Away From Next Bull Peak, Squeals Analyst

By CCN: Since December 2018, within 168 days, the bitcoin price has increased by more than 130 percent year-to-date against the U.S. dollar, engaging in a powerful recovery following its crash to $3,150. Based on the historical performance of bitcoin and the length of bull markets throughout the past eight years, cryptocurrency trader Josh Rager […]

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Ethereum: Despite Recent Bearishness, ETH Still Has Incredibly Strong Fundamentals

The aggregated crypto markets have been incurring significant amounts of downwards pressure over the past couple of days as a result of Bitcoin’s inability to climb past $9,000. This has led Ethereum to face considerable selling pressure that has led its price to drop significantly from its recent highs. Despite this latest drop, it is […]

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