The year commenced with a massive rally in Bitcoin (BTC) that ultimately led to a sustained bull run, and the price of the world’s biggest cryptocurrency eventually reached levels that raised visions of 2017’s climb. However, that eventually came to an end, and the last few months have been pretty tough for the crypto industry at large.
Bitcoin (BTC) bled yet again this week, as the bears assert their dominance in an increasingly volatile market, with BTC losing as much as $400 USD yesterday and tumbling towards the $8,000 milestone.
Bitcoin made gains last week after new documents from the Chinese government revealed that the country was reversing its decision to ban blockchain mining, with President Xi Jinping expressing his support for blockchain technology. Back in April, The National Development and Reform Commission in China published a list of industries that it believes should be restricted or limited, which featured crypto mining.
Bitcoin’s 2017 bull run, which saw the world’s leading digital asset top out at nearly $20,000 USD, was mostly driven by a lone anonymous trader, according to analysis gathered by two finance professors from the University of Texas and Ohio State University.
2019 has been a remarkable year for cryptocurrencies, and much of that was marked by the hugely impressive Bitcoin rally during the first half of the year. However, that rally seems to have fizzled out, and the world’s biggest cryptocurrency has been experiencing a sustained slump.
Bitcoin has dropped to a five-month low of $7,435 USD following Facebook CEO Mark Zuckerberg’s testimony before Congress in defense of the planned stablecoin Libra.
Over the course of the first six months of the year, Bitcoin managed to go on a remarkable rally that raised the possibility of the world’s biggest cryptocurrency to reach the levels it had reached back in 2017. At the time, the price of one Bitcoin token had almost touched $20,000.
New cases of Bitcoin fraud are back circulating the media. Back in May, the NYPD warned the public about Bitcoin scams, but that hasn’t stopped incidences of fraud from occurring. In the news this week, we have learned of two new Bitcoin fraud cases: one involves a Pennsylvania resident, and the other, interestingly enough, involves Queen Elizabeth II. Well, kind of.
In the first half of the year, Bitcoin (BTC) went on a remarkable rally that raised hopes of a similar rally like the one in 2017 that took the token’s price to $20,000. However, things have not gone as many had hoped, and since the month of July, the world’s biggest cryptocurrency has lost its momentum.
On Tuesday, crypto markets slumped, but since then, various altcoins have staged a recovery. However, Bitcoin extended its decline and has now dropped 6% in the past 24 hours.
2019 has been a remarkable year for Bitcoin and Litecoin after the disappointment of 2018. For the first six months of the year, the biggest cryptocurrency in the world went on a remarkable rally, and although it has lost its momentum since then, it is still up by a hefty percentage.
Over the past few years, the Bitcoin futures ecosystem has grown at a remarkable pace, and it is something that is surely going to stay for years to come. Initially, these futures contracts had been launched by a handful of exchanges, but over the past year or so, the number has increased considerably.
Over the years, cryptocurrency has developed at a remarkable pace, and an investment instrument like Bitcoin options would have been unthinkable even a few years ago. However, the march of Bitcoin, blockchain, and cryptocurrencies has been relentless. Hence, it is not really a surprise that options are at last going to be launched for the biggest cryptocurrency in the world by market cap—and by CME Group no less.
Even a couple of years ago, something called a Bitcoin mutual fund would have been regarded as a fanciful notion by most people and perhaps rightly so. However, during this period, a lot of advancements have taken place in the crypto world, and a genuinely strong ecosystem has emerged. That has now made it possible for a lot of new products to be introduced by enterprising firms. One of those is the mutual fund backed by Bitcoin.
One of the biggest events in the news cycle this year was the return of Bitcoin and the rally that went on in the first half of the year was quite remarkable. It helped in a surge of sorts in the wider crypto space as well, but many believed that the Bitcoin rally was going to continue.
One of the most remarkable cryptocurrency rallies was witnessed back in 2017 when Bitcoin managed to hit a price of almost $20,000 per coin. 2018 proved to be a poor year as the price crashed, but in the first half of 2019, the biggest cryptocurrency by market capitalization made a roaring comeback and scaled new heights once again.
One of the things that do not often come into the surface is the work done by Bitcoin miners when it comes to the overall cryptocurrency ecosystem. Miners are the ones who actually create the Bitcoin tokens and are given a reward for each completed block. Hence, when Bitcoin went through its downturn for the whole of 2018, it was a bad time for miners, and many had to wind up their operations.
Bakkt is all set to launch its much-awaited platform for Bitcoin futures.
Bitcoin’s value risks falling below the $10,000 USD psychological mark this week after making some strong gains last week.
Bitcoin (BTC) price slides more than $600 in just 30 minutes on Wednesday to fall below $10,000 USD for the first time in over a month.
Bitcoin is taking a hit this morning and fell over 8% to below $9,800. Here is the key driver.
The cryptocurrency space may have been having a great time this year so far as Bitcoin started on one of its strongest bull runs since 2017 and other crypto tokens gained as well. However, it needs to be kept in mind that there are a lot of things that can disrupt the crypto space and perhaps the biggest disruption was Facebook’s recent announcement that it was going to launch its own cryptocurrency. While that was a disruptive development on its own, nothing perhaps readied the crypto sphere for an attack from the United States President.
Over the past few months, Bitcoin (BTC) has been surging and it has hit a new year-to-date high surpassing the $9,000 level for the second time in 2019, a feat that has left investors looking at the $10,000 mark.
Bitcoin (BTC) is pulling lower after doubling in value following a massive surge from 2018 lows. The flagship cryptocurrency remains under immense bearish pressure after a 130% plus rally since the start of the year.
Bitcoin is closing out the month near $8,500 USD. Surging more than 60% since the beginning of the month, its revival has caused a global stir. However, in the midst of the excitement, blockchain researcher Chainalysis is discovering a problem that perhaps most of us already know: hardly anyone is actually spending it.
It seems that cryptocurrencies are nearer and nearer to mainstream adoption with each day. In the latest crypto development, Microsoft Excel has added a Bitcoin symbol to the spreadsheet for use when entering financial data. This is a big leap for Bitcoin acceptance.
Back in 2017, Bitcoin was the biggest news story of the year after it went on a jaw-dropping bull run and reached a price of $20,000 per coin. However, from those heady highs, the bitcoin price soon started dropping and throughout the course of 2018, Bitcoin and the crypto market at large were on a bit of a tailspin.
Yesterday crypto markets dropped following reports that leading cryptocurrency exchange Binance had been hacked. However, the impact of the developments is minimal, and Bitcoin price managed to hold steady at more than $5,800, continuing the upwards trend towards the $6,000 mark.
According to Bloomberg, Fidelity Investments is on the verge of buying and selling Bitcoin (BTC). Earlier this year, the firm began a custody service to store Bitcoin, but now it will evolve to trading.
When something becomes mainstream, we have to expect that some people will abuse it in some shape or form. In the case of cryptocurrency, we have seen several crypto scams surface over the past two years. The latest is a Bitcoin scam, announced this week by the NYPD.
Another Fundstrat prediction has emerged. This time there’s no messing about; the firm predicts that Bitcoin will hit $20,000 USD next year. You can bet investors are sitting up.
Most analysts and investors viewed the recent reaction of Bitcoin price to the Bitfinex/Tether controversy as an indication of improving fundamental strength. According to one analyst, it may be too early to celebrate yet as Bitcoin price is likely to drop into the $4,000 region before gaining any significant support that will allow it to continue with the momentum of growth.
The crypto market has been surging this week and Bitcoin price continues to pull up, breaking through resistance to establish a new 2019 high. Its market capitalization is increasing, reaching around $180 billion.
The cryptomarket is rallying today from the emergence of a Bitcoin golden cross. Now, the majority of the top ten cryptocurrencies by market cap are in the green according to CoinMarketCap.
The cryptocurrency top ten are in the green! Well, eight of them are at least. According to CoinMarketCap, the total cryptocurrency market cap today is $182,807,737,820.
Cryptocurrency investment is on the rise right now, especially due to the recent Bitcoin uptick. BTC’s recent climb attracted Chinese investors, but they’re paying a premium price because they have to pay extra to purchase over the counter.
The cryptocurrency market has again undergone strict scrutiny after analysts and market players were shocked by the sudden jump in Bitcoin price two days back on Tuesday. The shocking spike in the price generated fear about the high volatility and risk involved in the cryptocurrency market. Investors and analysts, rather than celebrate, have become all the more conscious about the vulnerability of the market.
Bitcoin price is going up again on Wednesday, extending Tuesday’s monster rally of over 15%. Early Tuesday morning, BTC ballooned to about $5,080, breaking its long-term resistance level of $4,200. For months now since its infamous crash last year, BTC has struggled to surpass the $4,200 mark, and this begs the question as to whether the cryptocurrency pack leader is en route to its former glory.
It has been a while since we last saw a major Bitcoin price increase, but Tuesday seems to be a big day for crypto traders as BTC jumped over 20% to cross the physiological mark of $5000 on the Luxembourg-based Bitstamp exchange. Other virtual currencies also rose, with Ethereum (ETH) and Bitcoin Cash (BCH) climbing around 10%.
Where Bitcoin (BTC) goes, the rest of the crypto market tends to follow. And with the top ten in green, it stands to reason that Bitcoin price is also faring nicely. In fact, BTC price as of late has been giving investors food for thought.
Twitter and Square founder Jack Dorsey has always been bullish in his Bitcoin views. So it’s no surprise that his payments startup Square is now offering new employees the chance to be paid in Bitcoin. According to tweets from the CEO, the company is on the hunt for skilled labor to add to the team.
There are several ways to make money in the cryptocurrency market, and you have probably read about some of them. We have covered a few techniques on this platform too. In this post, however, I’ll explain some common trading methods you can begin using right away and give you a few tips for engaging safely in the market.
Checking in with CoinMarketCap, it is clear to see that the majority of the crypto market is in the green. Though the gains are small, 80% of the top 10 coins by market cap are on the rise. Market leader Bitcoin price is up only 0.46% at the time of writing, selling for $3,924 USD per coin—but up is up.
It was looking so promising for Bitcoin price last week. The largest coin by market cap surged passed the $4,000 USD mark, only to crash back down on Sunday, February 24th.
JPMorgan analysts are taking jabs at Bitcoin once more. The executives at this major US bank have never been fond of digital currency and blockchain technology. Jamie Dimon, JPMorgan’s CEO, temporarily pulled back on his comments when BTC hit its all-time highs. Shortly after, the coin began to crash, and his skepticism picked up again.
Bitcoin price is showing resilience in the face of adversity. The latest bad news has failed to knock BTC to the floor. So is there a bull run ahead?
At this point, there doesn’t need to be a reason for Bitcoin price to drop suddenly. The market is so volatile by nature it is almost pointless to look for why. So, in true fashion, yesterday’s sudden sell-off confirms just that.
According to a US Government SEC registration form, cryptocurrency index fund provider Bitwise Asset Management has applied to launch a new Bitcoin Exchange Traded Fund (ETF) with the government body.
Bitcoin price is currently down 2% on the day and selling for $3,792. Today’s action is reminiscent of previous days in the week where the coin has dropped a few percents but then gained a few more and vice versa.
Crypto players from around the globe are chiming in on the direction of the Bitcoin price in 2019. Will it continue to see price crashes? Or will the current recovery continue? Better yet, has the industry had a good year and will it continue to have significance in the new year?
Despite Bitcoin’s intense price drop in recent months, some still believe it is going to turn it around next year. And there’s nothing to say it definitely won’t; in the last three days, Bitcoin has packed on 18% in gains.
As we wrap up 2018, crypto players are starting to publicly come out with their Bitcoin price forecasts for the new year. Some are bearish, using the fact that BTC was nearing $20 thousand this time last year. Others, however, continue to be bullish. Spencer Bogart of Bitcoin Capital is one of the latter.
In 2017, the Bitcoin price shot up. The crypto boom was in its prime and BTC, in particular, saw a rise, especially in the second half of December. When this happened, there was a rush to buy the cryptocurrency; then there was a crash. One year later, the BTC price is nowhere near where it was in December 2017.
Do you shop frequently at Sephora? Lululemon? Walmart? If you do, a new in-browser app has emerged and wants to give you Bitcoin (BTC). CoinDesk just reported that the app called Lolli just added Sephora to their list of retailers.
The world’s second-largest stock exchange in the world, the Nasdaq exchange, has officially confirmed its plans to launch Bitcoin futures in 2019. Late last week, unofficial reports surfaced of the exchange launching these plans, first reported by Bloomberg.
Bitcoin (BTC) made a rather dramatic comeback just 48 hours ago. At press time, the world’s first digital currency is currently trading above $4,300. The entire crypto community is buzzing, as most altcoins have followed BTC’s upward movements.
Nasdaq Inc. is still planning to launch its Bitcoin futures early next year, Bloomberg reported early this morning. Two individuals familiar with the Bitcoin project told Benjamin Bain, a reporter at Bloomberg, that despite the downturned market the index still plans on offering these contracts.
Back in 2017, Bitcoin (BTC) and cryptocurrency took the spotlight in the media as investors and Wall Street began to take notice of digital currencies and the blockchain. Many executives in the major global banks shot down digital currencies almost immediately, as Bitcoin was a direct threat to their existence.
Talk of the crypto-town is Bitcoin’s massive fall from grace. It seemed to be holding steady at around $6,300/$6,400 for most of October, but now it’s holding on for dear life. Mid-November saw the coin drop unprecedentedly. It began crashing and continues to today.
Tom Lee, the long-standing Wall Street crypto bull, is sticking to his $15,000 year-end price prediction for Bitcoin (BTC). The Fundstrat Global Advisor voiced his prediction on CNBC’s ‘Squawk Box’ yesterday.
Bitcoin has hit its lowest level again this year. Is it the beginning of the end for Bitcoin? I bet that question has been asked many times over in 2018.
Today is a bleak day for cryptocurrencies everywhere as Bitcoin hits the lowest level of the year thus far. Where Bitcoin goes, the rest of the market tends to follow, and indeed, the index shows us all the top-ten coins are experiencing double-digit losses.
US financial service company Square (NYSE:SQ) just announced that its Q3 Bitcoin (BTC) revenue jumped up from its previous earnings in Q2. Square detailed its full company earnings in a shareholder letter released yesterday.
Bitcoin (BTC) futures hit record low volatility in October on the US Chicago Board Options Exchange (CBOE), MarketWatch reported yesterday.
JPMorgan Chase & Co (NYSE:JPM) CEO Jamie Dimon has always been tough when it comes to his stance on Bitcoin (BTC). Back in September of 2017, Dimon even went as far as calling it a “fraud.” He later retracted his statement and said that he was wrong for calling it a fraud but was still wary of the digital currency.
Global investment bank Morgan Stanley has given Bitcoin bulls something to cheers about. The institution has stated that it classes Bitcoin as an institutional investment class. (And the day after Bitcoin’s birthday… how thoughtful)
Today marks 10 years of Bitcoin; its original white paper was released onto the internet on Halloween day, 2008.
A US citizen from California has just pled guilty in federal court for operating an “unlicensed money business” selling Bitcoin (BTC), called LocalBitcoins.com. The Department of Justice (DoJ) released a press release about the case yesterday, October 29th.
It all started with a tweet by Tesla’s CEO Elon Musk.
The cryptocurrency market took a huge hit nearly 12 hours ago when Bitcoin (BTC) abruptly dropped over $200 in value within minutes. After BTC dropped, a widespread cryptocurrency sell-off took place and hasn’t slowed down since.
Venezuela’s economic crisis continues to worsen, despite the president’s controversial attempts to revive his country. The demand for Bitcoin (BTC) and other cryptocurrencies continues to rise this year, as the country’s dollar, the bolivar, continues to drop.
Morgan Stanley (NYSE:MS) plans to offer its customers complex derivatives that will be tied to Bitcoin (BTC), Bloomberg reported this morning. The Morgan Stanley Bitcoin derivatives will push the investment bank in the running with its competition currently dabbing in the cryptocurrency space.
Yesterday, First Block Capital Inc, a Canadian blockchain and cryptocurrency investment company, announced that its Bitcoin (BTC) trust has achieved mutual fund status in Canada. Due to this, it allows investors to place funds in registered accounts such as Registered Retirement Savings Plans (RRSP) or Tax-Free Savings Accounts (TFSA).
If you’ve been monitoring the cryptocurrency market on a daily or weekly basis, you probably noticed that the market took a big nosedive this week. This is mostly due to the rumor going around mainstream media about Goldman Sachs (NYSE:GS) putting a stop to its Bitcoin exchange desk—a rumor that the Goldman Sachs CFO put a stop to.
Cryptocurrency enthusiasts and bulls have been hopeful that the US Securities and Exchange Commission (SEC) will grant the first Bitcoin ETF (exchange-traded fund) this year. However, these bulls have been left disappointed recently as the SEC has handed out a handful of rejections and postponements.
The US Securities and Exchange Commission (SEC) has rejected nine applications for Bitcoin ETF proposals. The SEC published three separate orders yesterday, highlighting the rejections from the three different applicants.
The latest Bitcoin news is that Bitcoin (BTC) has taken a major hit this week and has dragged the rest of the cryptocurrency market down with it. At press time, the total cryptocurrency market is sitting at just above $225 billion, which is $75 billion lower than what it was just two weeks ago.
Tom Lee has always remained optimistic about Bitcoin. True, the Tom Lee Bitcoin price target did change from $25 thousand to $20 thousand last month, but the Fundstrat co-founder is still confident. In fact, Lee remains confident because of what the Fundstrat Bitcoin Misery Index is indicating.
Goldman Sachs appears to have mixed feelings towards Bitcoin. Earlier in 2018, the bank said it was planning on opening a BTC trading desk. Yesterday, a former Goldman Sachs executive said a Bitcoin ETF was possible. Yet, in the Goldman Sachs midyear economic-outlook report, Bitcoin was reported to decline even more than it has so far already this year.
Announced this morning is some pretty major news that Bitcoin bulls have been waiting for; Intercontinental Exchange (ICE) – the trading giant that owns the New York Stock Exchange – has a goal of breaking Bitcoin into mainstream currency and it plans to do this by forming a new company called Bakkt.
Online bank Swissquote opened its banking doors to accommodate Bitcoin trading accounts for its clients in July of 2017. It was thought to be the first European online bank to do this.
Kim Kardashian promotes Bitcoin: Reality television star Kim Kardashian-West announced to her 114 million Instagram (IG) followers that she staked a physical Bitcoin (BTC) in a charity poker event in LA last night.
Bitcoin has had quite the year. It hasn’t all been good, with the digital currency dropping below the $6,000 price mark at the end of June. But recently Bitcoin has redeemed itself, witnessing strong gains over the last week. So that brings up the question of whether there are catalysts driving Bitcoin higher. If not now, could there be catalysts at a later date?
Bitcoin Price – Bitcoin (BTC) is having a phenomenal 24 hours on the market; a bull run we haven’t seen from the digital currency in months.
Marc Lasry Predicts: Bitcoin has been on a run this week. The coin made a whopping and sudden 10% gain yesterday and it is still heading skyward.
BlackRock exploring crypto: The CEO of the world’s largest exchange-traded fund (ETF) provider, BlackRock, just announced that his company has assembled a group to look into cryptocurrencies, such as Bitcoin (BTC).
You gotta love the believers. TenX’s co-founder Julian Hosp is definitely bullish about market leader BTC with his prediction for the second half of 2018. At the RISE tech conference in Hong Kong the crypto wallet and card start-up founder said to CNBC:
Joseph Stiglitz: Not everyone is a fan of Bitcoin. Despite proclamations from supporters about its revolutionary technology and the “freedom” it offers its users, many are still not convinced.
Last month, Bitcoin enthusiasts breathed a sigh of relief when they were informed that the Tom Lee Bitcoin price target was $25K by the end of 2018.
At the time Bitcoin was launched, there were many skeptics who saw BTC merely as a passing trend that would eventually disappear as fast as it appeared.
Speaking on CNBC yesterday, Fundstrat’s Robert Slyumer has given his opinion on the BTC charts. He believes that the current Bitcoin downtrend can only be reversed if the coin creates a short-term break, through the $6,300 mark.
Can a Bitcoin Airdrop help the people of Venezuela? The country is considered one of the world’s most oppressive monetary states. Unfair practices implemented by its government to maintain control of its people has resulted in the following;
A new Bitcoin ranking has been released, and the BTC position might surprise you. Don’t worry, it’s overall placement is still number one by market cap, but China released a new listing of its top blockchains and Bitcoin didn’t fare so well. Spoiler alert – Bitcoin didn’t even make the top ten.
To understand Bitcoin transaction fees, it helps to first understand the method of processing transactions. How does it all work!?
Jack Ma Bitcoin Bubble: Yet another well-known figure has come forward to express his thoughts on the cryptocurrency sector. The figure, who is Jack Ma, spoke specifically of Bitcoin (BTC) — and his thoughts weren’t exactly in favor of the cryptocurrency.
After a wave of Bitcoin mining operations set up in areas with affordable electricity, places like Montana’s Missoula County needed to make a decision over the impact these operations have on the region.
Tether (USDT) & Bitcoin (BTC) – A new study has surfaced this morning putting Tether in the negative spotlight once again. Last December, Tether was subpoenaed by the U.S Commodity Futures Trading Commission to provide proof that the digital currency was in fact back by a reserve of U.S. dollars. Bitfinex was also subpoenaed due to it losing banking relationships, but continued to remain operational.
The financial industry has witnessed many disruptions and welcomed new technologies that have radically changed traditional processes. In today’s world of cryptocurrency and digital transactions, a new type of technology is steadily taking over – the blockchain technology. Blockchain has caused many disruptions, but what are the top blockchain disruptions?
Bitcoin day traders appear to be on the rise. The Financial Times reports that there is as much Bitcoin (BTC) owned by short-term speculators as there is by HODLers, or long-term investors, now.
The launch of Bitcoin ETF’s could drive Bitcoin (BTC) price higher. Although the SEC has previously denied permitting Bitcoin ETF trading, two asset management firms have collectively submitted a new application to introduce regulated Bitcoin ETF’s (Exchange-Traded Funds).
Planet Earth has overcome many challenges in its lifetime. Now it faces a new one: Bitcoin’s energy footprint. The challenge comes courtesy of a new peer-reviewed study, released on Wednesday, June 6, 2018.
Bitcoin (BTC) is a perfect store of value, but it’s not a Panacea that could solve all the global financial problems, according to Ripple CEO Brad Garlinghouse.
According to Tom Lee, Bears aren’t accurately reading declining volume, tumbling Google search trends and prospects for the price crash. Indeed, Fundstrat’s Tom Lee believes Bitcoin is offering a strong buying opportunity for long-term investors, as he expects the largest coin to trade around $25K by the end of the year.
Bitcoin (BTC) – Web searches for the word ‘Bitcoin’ have dropped around 75% since the beginning of 2018, according to Google Trends.
Bitcoin News: Bitcoin (BTC) obsession has been declining at a staggering pace since the start of this year; the largest coin couldn’t sustain trader’s attention and the confidence that it had attained in the final quarter of last year.
Is Bitcoin (BTC) a real asset or bubble? This question is a continuous discussion. Economists and market pundits have been closely watching Bitcoin mania; some of them are comparing it to teh Dutch Golden Age Tulip Mania, while a few are showing confidence in its future fundamentals.
Bitcoin (BTC) will eventually die: Nobel Prize-winning economist Robert Shiller gave interesting but pessimistic remarks which shatter Bitcoin’s price fundamentals. The Bitcoin price bull-run seems to have paused after increasing skepticism from economist and technical analysts; they continue revealing bearish outlooks for Bitcoin in both the short and the long-run.
The substantial amount of volatility in Bitcoin price (BTC) is arguably the biggest factor hindering its potential for global acceptability. Retailers, restaurants, and even credit card companies refuse to support cryptocurrencies due to this price volatility.
Grant West, the 26-year-old Just Eat hacker, was sentenced to 10 years in prison after the trial -resulting from a massive scam he perpetrated in 2015 – has ended.
Will Bitcoin price (BTC) rebound this year? Bitcoin price traded in the red over the last three consecutive weeks amid downgrades from big names and price manipulation scandals. After losing billions of dollars over the past three weeks, the largest coin is now receiving strong support around the $7,000 level.
John McAfee – who is known for making big price bets, has presented a bullish thesis for the next cryptocurrency market rally. He predicts a few coins – including Bitcoin (BTC) and EOS (EOS) will achieve robust price growths next month, before collapsing in July.
A masternode is a cryptocurrency wallet often referred to as a full node which contains a copy of the ledger in real-time. Blockchains can typically be broken down into three types: Proof of work, proof of stake, and a blend of the two. These blockchains need a system for processing transactions which enables the blockchain to function. However, masternodes are substantially different than the functionality of regular nodes. They go above and beyond in functionality compared to a node which is simply relaying blocks and transactions.
Tom Lee – who has been making big bets on the upside potential of Bitcoin price, is standing by his prediction that BTC will soar to $25K by the end of the year. Bitcoin price today, however, retreated below $8K yesterday and is trading around $7,300 today.
Bitcoin Price Manipulation – The U.S Department of Justice just launched an investigation into whether traders are manipulating the price of Bitcoin and other digital tokens, Bloomberg reported this morning.
Bitcoin price (BTC) slid to a new low this month, after crashing below the $8K support level. The largest coin is trading at around $7,300 today and altcoins are also been dwindling at a fast pace. The broader market selloff has snatched $150 billion out of the cryptocurrency market in the last two weeks alone.
Today, May 22nd, is Bitcoin Pizza Day. What does that mean, you may ask? Well, back in 2010, one of the earliest Bitcoin (BTC) purchases was completed. The purchase was for two Papa John’s pizzas. The price back then? 10,000 BTC.
Joe Davis; Vanguard economist believes that Bitcoin price (BTC) will crash to zero, and it will never emerge as reliable currency.
Bitcoin price (BTC) is crashing instead of rallying: Bitcoin price has failed to generate gains for investors since Warren Buffett, and Bill Gates rejected the cryptocurrency markets two weeks ago. Bitcoin price lost almost $1,800 in the last two weeks.
The Bitcoin (BTC) bubble theory has resurfaced again, as the founder of world’s largest e-commerce platform, Alibaba, just announced his views of the world’s first digital token. Jack Ma Yun, Alibaba Group’s founder and executive chairman, spoke in a forum on Wednesday and spoke highly of blockchain technology, but expressed his doubts about Bitcoin (BTC).
Bitcoin shows no growth: Bitcoin Price (BTC) hasn’t moved higher despite the Consensus Summit: Bitcoin price trades in the range of $8,300 today after briefly touching $8,800 level at the beginning of the week. The largest coin has posted losses in last two consecutive days. This downside move is contrary to analyst’s predictions who were expecting a strong rally amid the New York consensus summit.
Bitcoin (BTC) has dropped below the $8,500 mark. This is significant news, and it’s likely Bitcoin bears are going to try to drag the currency below the $8,000 mark during the remainder of the week. Will it happen, though? Only time will tell, but we can look to various mediums to see if there is any specific Bitcoin news bringing the price down today, but what may help to turn it around for the coin is Jack Dorsey on BTC— his thoughts are very interesting.
Are you a Bitcoin HODLer? If you are, LedgerX is launching a Bitcoin savings account that might be right up your alley.
You may have asked the question: is Bitcoin safe? on multiple occasions. Should you really think to put your money into Bitcoin? Well, Tim Draper is an investor with renowned opinions about the cryptomarket. He is an avid believer in the positivities of crypto and his bullish position has earned him many followers and detractors. On multiple occasions, his predicted forecasts have proved successful despite adverse scenarios, and this is something to take into consideration.
Ethereum (ETH), and Bitcoin Cash could outplace Bitcoin (BTC) soon due to their superior technology and higher adaptations. Roger Ver – who has earned the moniker “Bitcoin Jesus” for his advocacy of Bitcoin from the early years, believes that Bitcoin could lose its leading position in the cryptocurrency sphere.
Bitcoin price (BTC) retreated below the support level of $9,000 for the first time since the start of this month. Although bulls are firmly defending the cryptocurrency markets, the recent bearish trend was supported by Warren Buffett and Bill Gates downbeat assessment of bitcoin price.
Bitcoin price (BTC) continues to make sideways movements today. Although it remains unsuccessful in crossing the key resistance level, there is optimism that that cryptocurrency market will bounce back shortly.
Bitcoin price (BTC) plummeted sharply in the last two days following Bill Gates and Warren Buffett’s criticism regarding the cryptocurrency markets. The largest coin traded at around the $9,000 level early today, down almost $1,000 from Sunday’s high of $9,900. Altcoins fell at a high mid-single-digit rate in the last two days, pulling the total cryptocurrency market capitalization to the lowest level in the last week. Despite this, another Tom Lee prediction has surfaced.
Bitcoin.com Controversy: Bitcoin Cash has taken things a little too far on its crusade to promote itself, A strategy that has led the ecosystem to a polarization never seen before in the history of the blockchain. While the relationship between ETC advocates and ETH could be described as controversial — two communities whose philosophies are radically different and are critical of each other — the relationship between BTC and its fork BCH is worse and now the lack of seriousness from camp BCH in their strategies has reached a limit.
Warren Buffet may still dislike Bitcoin (BTC), but many other big names on Wall Street seem to be warming up to the digital currency. The Intercontinental Exchange (ICE), the parent company to the New York Stock Exchange (NYSE), has been working on an online trading platform that gives institutional investors access to buy and hold BTC.
The bitcoin expert and senior market analyst at eToro, Mati Greenspan, explained that Bitcoin’s behavior is completely normal and that after reaching historical highs of around 20k a drop like the one seen during the first quarter of 2018 was to be expected.
Bitcoin price (BTC) has been struggling to reach the $10K mark over the last two months despite BTC moving beyond the $9,900 level several times during the weekend. Bears have successfully defended the $10K spot as Bitcoin price plummeted below $9400 level in this mornings trade.
Bitcoin price (BTC) is extending the bull-run today and bulls are enthusiastic to breach the $10K mark sooner than later. The fresh wave of optimism is the consequence of Goldman Sachs strategy of launching cryptocurrency derivatives. Improving market trends and analysts bullish price bets are also encouraging.
Financial services company Goldman Sachs has announced its intent to launch Bitcoin futures contracts in the near future. Goldman Sachs launching Bitcoin futures contracts is a pretty big deal for the financial world. What made the investment firm take the plunge?
Two months ago, Reddit dropped Bitcoin (BTC) as a method of payment. This was due to the increase in transaction fees. Now, however, it appears bitcoin may be returning to the platform. This isn’t speculation, either; the Reddit chief technology officer confirmed the news of bitcoin payments returning to Reddit.
The Bitcoin hashrate is nearing its all-time high, despite market skepticism over Bitcoin’s popularity. The Bitcoin hashrate was at 31.6615 hash per second as of May 1st, 2018, according to data from BitInfoCharts.
Bitcoin price (BTC) rallied 50% last month amid improving trader confidence. The market pundits, however, are predicting BTC price to reach $20,000 by the end of this year. The overall trader’s sentiments and market data have also been supporting bull’s stance. The potential institutional investment and claims for higher adaptation are adding to traders sentiments.
ZCash is a “P2P” (peer to peer) cryptocurrency and is open source. It has an overall market cap of over $500m and is worth around $300 per coin. Its prototype is based on a special cryptographic protocol termed “zk-Snark”. This protocol protects the information of a sender, the information of a receiver, and the amount transacted between the two parties. The focus on privacy has attracted illicit use on the part of hackers and lawbreakers. ZCash is fungible as well. This means that every unit of the currency can be substituted by another unit (in the general sense of it). ZCash is created through the process of ZCash mining. The ZCash out in circulation is kept track of by means of a public ledger.
16,000 Bitcoin – totaling just over $140 million – was sold by Nobuaki Kobayashi, a Mt. Gox Trustee, in a move that took an increasingly optimistic Bitcoin community by surprise.
Warren Buffett has never shown himself to be a fan of Bitcoin and other cryptocurrencies. In an interview with Yahoo Finance, Buffett still isn’t jumping on the crypto train.
As with any new technology and trend, there will always be prognosticators who want to explain to the masses what is going to happen in the future. This is even true of the economists and the pollsters. One has to take all of these with a seriously large grain of salt and healthy suspicion as the predictions are only just that and not necessarily reality. I only need to point you to the 2016 US presidential elections to show you how wrong the pollster prophets were. They still seemed to not have recovered from their bad polling.
The financial industry was rocked in 2009 when a user (or users) with an alias of Satoshi Nakamoto introduced Bitcoin to the world. The cryptocurrency, Bitcoin, is a digital currency that can be used as a global payment system. It was the first of its kind to work without an administrator or central bank – transactions are peer-to-peer, and are verified through a blockchain.
Bitcoin could become irrelevant if any of the ideas put forth by MIT students become a reality. First though, let’s go back to 2008 when the US went through the worst recession in history; it was even considered to be greater than the “great depression”. The cause of it ultimately came down to the banks issuing money/mortgages to individuals that they didn’t have and the housing market burst as a result.
The cryptocurrency sector is a fundamental part of our world. Some people love it, others hate it, but that doesn’t stop the crypto wheels from turning. Now, it seems like every week someone new joins the conversation and expresses their own opinion on the crypto space. The latest to do so is Tim Draper, a venture capitalist.
Bitcoin Price (BTC) is largely controlled by trader’s sentiments regarding the future fundamentals of cryptocurrency markets. Trader’s sentiments have been improving sharply in crypto markets over the last week, driven by bullish price predictions and regulator input to control unfair practices.
Earlier this morning, Bitcoin price returned above $8,000 following a slight dip below that price level on Tuesday evening. BTC/USD has been holding steady this week as investors await the next potential breakout. For the past two weeks, Bitcoin gained close to 20%.
Analysts are optimistic about the future of Bitcoin price: Bitcoin price (BTC) traded in the green during the weekend, and the largest coin added $1400 to its price last week. The latest bull-run continues to receive support from bullish sentiments; bulls believe BTC price has hit the bottom early in the previous week and it is set to make a significant recovery.
Notorious American venture capital investors and long-time cryptocurrency bull, Tim Draper, has just set an astronomical prediction for Bitcoin (BTC) by the year 2022. Yesterday, at a blockchain party held at his self-named Draper University in San Mateo, California, he predicted that the world’s largest cryptocurrency would reach $250,000 a coin. The video can be seen below.
Bitcoin price (BTC) breached the $8,000 level for the second time in the past 48 hours. Positive market indicators and bullish calls mean that bulls have taken the driving seat in cryptocurrency markets. The bears aren’t in a position to defend the rally in bitcoin price, due to lack of support from market fundamentals.
Bitcoin price bounced back this morning in a rather grand fashion, shooting up $1,000 in an hour.
Bitcoin Price (BTC) started reversing losses after finding the support around $6600. It appears that Bulls have successfully defended the second bearish spell of this year and they didn’t let BTC price to crash below the February low of $6000. Bitcoin price posted slight gains on Wednesday and the coin extending the uptrend into Thursday trading. BTC coin soars more than 11% today.
Early this morning, Bitcoin (BTC) jumped by $1,000 in just one hour and the crypto bulls are coming in hot now. One crypto bull, in particular, Wall Street analyst Thomas Lee, believes that Bitcoin could rise to as high as $25,000, reports CNBC.
Bitcoin Price Watch: Earlier this morning, Bitcoin price surprisingly soared by over $1,000, even surpassing the $8,000 mark at one point. This is the first time in two weeks that Bitcoin price reached $8,000.
For the past two days, Bitcoin price failed to break above the pivotal $7,000 level, trading at around $6,900 during most of that timespan. The price movement also confirms the further weakness for BTC that was established last week.
Barclays compares Bitcoin to infectious disease: The investment bank Barclays likens the spread of the Bitcoin (BTC) to that of an “infectious disease” spreading, reports Business Insider Australia. Barclays analysts based their findings on the models that epidemiologists use to track diseases.
Not sure where you can spend your Bitcoin (BTC)? Here’s a list of some of the major retailers that accept Bitcoin and other cryptocurrencies.
Well, that was fast. ‘Eclair’ – the first Bitcoin wallet supporting the Lightning Network, has been removed from the Google Play store, mere days after being added.
On Thursday morning, Bitcoin price dropped below $7,000 after topping that price level earlier this week. BTC/USD is now at around $6,700 as of 1 PM EDT.
Bitcoin price has already lost more than 60% of its value from its all-time high and analysts expect BTC to make a further price correction before the coin completely stabilizes. Warnings and price crash predictions from analysts along with bans from big banks and social media platforms have significantly impacted cryptocurrency trader’s sentiments.
This morning, Bitcoin price edged slightly higher, continuing its upward momentum from yesterday and approaching the pivotal $7,500 mark. Currently, the coin is trading at about $7,350 as of 12 PM EDT.
The ‘Death Cross’ pattern failed after Bitcoin (BTC) price moved above from 50-day’s low of $6,500. BTC price soared sharply on Monday and extended the uptrend into today’s trading, amidst concerns regarding the immediate price crash on Death Cross pattern – which occurred on Bitcoin price chart on Sunday when its 50-day moving average has cut the 200-day moving average from the top.
Today, April 2, Bitcoin shook off the “death cross” signal seen last week and managed to hold a price of around $7,000, after dropping down to about $6,500 during Easter Weekend. A “death cross” signal occurs when the 50-day moving average crosses below the 200-day moving average, and this is generally regarded as a negative signal. The coin was trading at near $8,000 this time last week.
Bitcoin price plummeted sharply today after trading in the narrow range of $8,000 level on Wednesday. The latest selloff isn’t due to ads bans, regulators clampdown or warnings; the downtrend was purely supported by traders concerns over the technical factors on price charts – market participants are predicting a massive crash in BTC price in the days to come, driven by a Death Cross trend. Bitcoin price declined more than 7% today, down 15% in the last seven days.
There’s no denying that panic has swept through the crypto sphere as of late. With the crypto ad bans by major companies like Google, Facebook, and most recently Twitter, prices of cryptocurrencies have taken a beating as many people believe this to be the end.
Earlier this week, Bitcoin price fell below the pivotal $8,000 mark in light of Twitter’s decision to ban all ads related to initial coin offerings, token sales, exchanges, and wallet services. However, its price began to fall even before the Twitter announcement, so the price decline could also be attributed to continued weakness in the cryptocurrency market. Toward the end of last week, BTC already fell below the $8,500 price level.
Bitcoin price failed to maintain the $9,000 price level for the past two days, now trading at around $8,590 as of 12:30 PM EST. For the moment, BTC investors should not expect a major bullish run anytime soon as the market is still feeling the turbulent effects of possible regulatory concerns, as well as the potential global trade war launched by U.S. President Donald Trump.
Bitcoin continued on its bull run from earlier this week and managed to return to the pivotal $9,000 level this morning. For the past two days, BTC/USD retracted about 30% of the recent price drop from a high of $11,660 (March 5).
Toward the end of last week, Bitcoin price rallied back to the $8,500 level, and although it slid below $8,000 over the weekend, the coin managed to return to $8,500 on Monday morning.
This week, Bitcoin price saw a continuous decline thanks to multiple new developments in the industry that could spell tighter rules against cryptocurrencies. This was highlighted by Google’s proposed ban on crypto advertising on its platform, similar to the restrictions set by Facebook in January that took the coin’s price down by 12%.
Bitcoin price tanked again and the coin isn’t in a position to face tough market dynamics: Investors confidence in cryptocurrencies has seemed to fade away in light of the bevy of negative opinions from market forces of late. Followed by a steady decline in the last two weeks, BTC price fumbled at a double-digit rate on Wednesday and extended the downtrend today – the Google advertisement ban is continuing to jolt the cryptocurrency market.
This week didn’t start off on the high for Bitcoin price (BTC) and its future fundamentals; BTC price is steadily moving downhill after hitting $11,500 during the weekend and in early trading on Monday. The downward trend was due to lower volume – which is a frustrating sign for bulls.
Bitcoin investors should be careful; Bitcoin price (BTC) continues to make the sideways movement as the global investment communities are still unsure about the future of cryptocurrencies. The debate for its utilization as an alternative currency and medium of exchange has been going on for years. Bitcoin price was hammered from the $20,000 mark at the beginning of the year to only $6,000. This was after intellectuals, regulators and global leaders stressed on the need for regulating cryptocurrencies during the World Economic Forum.
Bitcoin Price (BTC) extended an upward trend with small sideways movements over the last month; the price has been steadily moving higher despite strong concerns from regulators. Harsh remarks from market makers and warnings for the immediate price crash didn’t impact cryptocurrency mania.
Bitcoin Price (BTC) is slowly but steadily rising since it bottomed at the $6000 level one month ago. Meanwhile, BTC price experienced stiff resistance in breaching the $11,000 mark; the coin continued to trade in the $10,000 range over the last two weeks. Ripple, Ethereum and the rest of the cryptocurrencies continue to bull-run even with substantial threats of a sudden crash.
This morning, Bitcoin price surpassed the $11,500 level, showing signs of strength as it approaches its next target of $12,000. The coin traded at a high of $11,700 during the day.
Bitcoin (BTC) price jumped substantially last month after finding support around $6,000 in early February; the solid Bull Run in prices was supported by lower than expected regulatory actions from the U.S. and South Korean authorities.
Bitcoin price continues to move here and there amid speculations and price manipulation; the largest cryptocurrency is up sharply from the lows seen during the weekend – leading the broader market rally by a wide margin.
Cryptocurrencies have faced some harsh scrutiny over the past couple of months. From crackdowns in China and Texas to ICO scams and market slumps, digital currencies are becoming increasingly infamous. And now, Microsoft co-founder Bill Gates has voiced a particularly startling criticism of the technology.
The Economic Times of India’s Global Business Summit took place this week, and it was inevitable that the cryptocurrency sector was going to be one of the topics discussed at length. What wasn’t foreseen, however, was Apple co-founder Steve Wozniak coming forward and saying he was a victim of a bitcoin scam.
Financial services firm Circle have today announced that they are purchasing cryptocurrency trading platform Poloniex.
Bitcoin price fell slightly over the past two days, now trading at just below $10,000. The cryptocurrency failed to break above the $12,000 mark, which was a major resistance point set earlier this week. To industry experts, the recent price drop is most likely a product of profit-taking as well as a BTC price resistance established near $11,000.
I’ve said it before, and I’ll say it again, it seems that people either love cryptocurrency and blockchain or they hate it. There’s no in-between. There’s no Switzerland. It’s an all or nothing sort of deal.
Bitcoin’s bull run failed to break the resistance level of $12000; BTC fumbled for the second straight day and wiped almost $1800 off in the last two days alone – investors are now looking for the new support level. It seems more bearish comments may have a part to play in the current selloff – Bitcoin found the bottom around $6000 after shedding more than 70% of its value.
Bitcoin’s recovery continued on Tuesday, following up on yesterday’s breakthrough above $11,000. The cryptocurrency traded above that level throughout the day, reaching a high of $11,666.
Major hedge fund managers and central banks all around the globe had refused to believe in bitcoin (BTC) as currency or medium of exchange – which was part of the reason bitcoin price dipped from $19,000 to $6,000 in less than one month.
Bitcoin Soars 80%: Bitcoin (BTC) price has been on a rollercoaster over the last couple of months.The lack of underlying value and unpredictable nature of digital currencies continues to stun investors with massive sideways movements.
Bitcoin broke through the $11,000 barrier today for the first time since January, hitting a high of $12,500 at one point. It is trading at around $11,071 as of noon EST.
Inflating prices through Pump and Dump schemes isn’t new to the stock markets; the unregulated and anonymous nature of cryptocurrencies makes it easier for scammers to manipulate stock prices.
Following yesterday’s rally back to $10,000, BTC/USD remained steady above that level today, trading between $9,900 and $10,200 throughout most of the morning.
Bitcoin (BTC) has almost hit the résistance level of $10,000 in today’s trading. The market trends are steadily moving in favor of bulls following a horrible crash in the last couple of weeks.
February 15, 2018 – Bitcoin Price Watch. Bitcoin kept its momentum up today, charging through the $9,500 barrier and now breaking through the $10,000 mark once again.
If you’re new to cryptocurrency, you have probably spent the last couple of hours being ruthlessly inundated with a whole new dictionary of terms: ‘Blockchain’, ‘Forking’, ‘Mining’… you’ve probably also visited half a dozen forums with the aim of getting a firm hold on exactly what these terms mean, and have come away more confused than when you started. This article is a real, from-the-ground-up, back-to-basics explanation of one particular term: Forking. But first, let’s get the fundamentals down before we discuss a bitcoin fork.
Bitcoin is back — the digital coin continued to recover and rose above $9,300 earlier today.
On Tuesday morning, BTC managed to bounce back to $8,900 and reached its daily high of $8,952.90. The coin is trading at $8,545.10 as of 12 PM EST, which means it rebounded by approximately 20% over the past week.
At this point, it’s fair to say the cryptocurrency industry is constantly evolving. Over the course of the past couple of months, we have seen a number of countries roll out new uses for virtual currencies. In Canada, for instance, individuals can now use Bitcoin to purchase meals from KFC. In Australia, travelers will soon be able to purchase items using Bitcoin in the Brisbane Airport. Now, we’ve been informed that luxury flats in Dubai can be purchased with the virtual currency. In fact, there have already been 50 flats sold in Dubai for Bitcoin.
Bitcoin predictions: Cryptocurrencies have been stabilizing over the past three days – something rather unprecedented. Markets had witnessed Bitcoin’s upside volatility last year but found it equally volatile on the downside; the slump from $19,000 to less than $6,000 in last month alone vindicated the instability for both trends.
February 9, 2018 – Bitcoin price watch. On Friday, Bitcoin continued to rally despite the continuing stock market woes. Currently, BTC is trading at $8,547.10 as of 12:30 PM EST, which is near today’s highest point.
This morning, BTC price broke through the $8,500 barrier and hit a high of $8,621.28. Currently, it is trading at around $8,158.85 as of 12:30 PM EST.
Bitcoin Price Rebound: This morning, BTC bounced back above $8,000, peaking at $8,582.93. It was able to test a previously established resistance level of $7,200; in fact, this price is very close to BTC’s lowest point today.
Bitcoin prediction: It’s been the roughest week yet for cryptocurrencies as the price of Bitcoin sank to just over $6000 – its lowest since November. This, coupled with regulatory fears and ICO scams, has led to increasingly bearish sentiments towards the cryptocurrency market in general. It has lost $340 billion USD since the start of the year. So it’s great news for investors today, as the price of Bitcoin unexpectedly soared 11.4% – over $800 USD – from last night’s low, at 3:30 pm EST this afternoon (the time of writing). But the even bigger news is that analysts are predicting Bitcoin to hit $50K this year.
The cryptocurrency market is continuing to rebound after a shaky day yesterday. Coincidentally, the Dow Jones plunged a total of 1,100 points yesterday, around 4.6%, which is the lowest since the European debt crisis back in 2011. The stock market corrected itself from yesterday’s downfall, is there a correlation between the two? I really don’t think so.
This morning, BTC price fell just below the $6,000 mark, but it rebounded soon after and even rose to a daily high of $7,418.89. Currently, it is trading at about $6,996.27 as of 1PM EST.
Bitcoin price plummeted below the support level of $8000 for a third time today. The huge volatility in crypto markets wiped off more than $417 billion from the total market capitalization in the last month alone making this bitcoin price plunge one of the greatest yet.
Want some free Bitcoin? You’ll have to solve a puzzle first.
BTC has now broken down below the $7,000 level, which could be a legitimate sign of concerns for investors right now. However, there are some recent developments that we need to consider before making our next moves:
Global energy giant Enel has sharply announced that it has “no interest whatsoever” in supplying energy to cryptocurrency mining operations, say Reuters.
Though Bitcoin is fighting, it looks like we’re seeing another bad day for it. Today, the price of BTC fell below the $8,000 mark, sinking to as low as $7,700, which marks the second time that it failed to hold a deciding “psychological threshold” for investors. Since earlier today, it has bounced back and stabilized in the range of between $8,500 and $8,800. At least it is fighting.
India’s anti-Bitcoin sentiments have caused a crypto-wide panic to spread around the world. The country’s finance minister Arun Jaitley announced during the budget speech today that cryptocurrency was not considered legal tender in India.
Another Bitcoin price analysis showed that the slide for BTC continued throughout this week, dropping below $10,000/BTC to as low as $8,932.89 at one point.
Another shipping company has now joined the global blockchain revolution, this time it’s UPS. According to a filing with the U.S. Patent and Trademark Office (USPTO), the global shipping giant is considering setting up a system of locker banks so that it could take in Bitcoin as payment.
This week, a Turkish soccer team, Harunustaspor use bitcoin to sign their newest player. The tiny Turkish soccer team has become the first in the world to purchase a payer using Bitcoin (BTC) or any cryptocurrency, making history.
Square Cash App finally integrates bitcoin support. Following a trial period involving a handful of users, the payment company launched bitcoin integration yesterday and saw a rise in stocks as a result.
Bitcoin value halves in the first month of 2018. Despite an incredible 2017, this January has been the worst month for Bitcoin. Bulls provided a lot of support to Bitcoin (BTC) price by presenting different theories and hypothesis that it is becoming a million dollar investment, ultimately though, bears controlled the price since the start of this year.
Bitcoin (BTC) price grew in the second half of 2017. The digital currency peaked above $19,000 at the end of last year but, lost nearly half of its value in the new few weeks. Bitcoin continues to trade in a narrow range over the last two weeks is currently trading around the $11,000 mark. Traders blame the lack of regulation for the huge plunge in prices, however, they are ignoring the growth in bitcoin miners and the decline in the cost of production.
Judd Gregg and Bitcoin (BTC). Should we also compare bitcoin to gold? The former New Hampshire Governor thinks so. There have been a number of prominent leaders joining in on the conversation surrounding the cryptocurrency industry lately. Last week, we heard from Howard Schultz, the chairman of Starbucks. Schultz stated that while he is a fan of cryptocurrency, he does not like bitcoin. Who do you agree with?
Social Media Giant Facebook Bans Cryptocurrency Ads
The price of Bitcoin (BTC) increased sharply over the weekend and hit a high of $12,000 on Sunday. The jump from Friday’s low of $10,400 was short-lived however as the market was suddenly hit by the Coincheck hack resulting in the theft of $530 million worth of NEM coins (NEM). Bitcoin price has been volatile since the start of this year but the latest hack may have damaged faith in the cryptocurrency even further.
2017 was the breakout year for cryptocurrency. Starting at the beginning of the year, the total market cap for all cryptocurrencies was just over $17 billion and at the end of December, it reached just under $600 billion. Bitcoin (BTC), the original cryptocurrency, from the year 2013 to the beginning of 2017, held almost 90% dominance of the total market. Currently, BTC only holds 34.4% dominance. As cryptocurrency gained mainstream attention, Bitcoin slowly started losing the market cap dominance as individuals started buying up the less expensive coins to get their hands in the market. 2018 is shaping up to be the year of the altcoins, as you can see from the chart below. Bitcoin’s growth has slowed since it’s Bitcoin futures contracts launched on two Wall Street exchanges, mid-December. I would like to add, however, that BTC is still up over 1100% for the year in growth. Many who got in early investing in Bitcoin, made a serious profit last year.
Imagine buying your favorite Starbucks beverage with cryptocurrency on your way to work each morning. This could well be happening in the future.
Bitcoin (BTC) and other digital currencies started gaining popularity last year following the big tech companies’ interest in blockchain technologies. Moreover, cryptocurrencies’ ability to execute transactions semi-anonymously has added to the popularity. Consequently, people who want their transactions to be hard to trace enjoy the secrecy these digital currencies offer.
It has been well known that Nobel Prize-winning economist Joseph Stiglitz is not a big fan of bitcoin. At the World Economic Forum annual meeting taking place this week in Davos, Switzerland, he told Bloomberg reporters that bitcoin serves no function other than being useful in illicit activities such as money laundering and tax evasion.
Most of the world at this point has formed an opinion on digital currency bitcoin (BTC). Not everyone is willing to share their thoughts with the masses, especially about something that is so new and so controversial. Is bitcoin a speculative bubble or is it not? There are different indications every day but, there are others who have pretty strong opinions. Former FDIC Chair Sheila Bair, Nobel Laureate Robert Shiller, and even JP Morgan Chase CEO Jamie Dimon have all shared their thoughts. So who else is speaking out?
If you’re an investor anguishing at the performance of bitcoin lately, there may be more bad news on the way. Today, Goldman Sachs issued a warning against the cryptocurrency, affirming that there is “no doubt” that bitcoin’s meteoric rise over the past year has “pushed it into bubble territory.”
It was once said that opportunity often comes disguised in the form of misfortune. Though it is one of the biggest cryptocurrency hotbeds on the planet, Nigeria’s bitcoin mania actually took off because of an infamous Ponzi scheme that roped in millions of Nigerians from late 2015 to the end of 2016.
Bitcoin (BTC) continues to fluctuate. The rise and fall has been driven by regulatory concerns and analyst’s comments. A brief rally over the weekend sent bitcoin prices from below $10,000 to $13,000. However, this was short-lived; the bitcoin price collapsed again during Monday trade. Traders blamed regulatory concerns from South Korea, India, and the European Union for the latest plummet. Currently trading at just above $11,500, Bitcoin is down 11% from the previous close.
The crypto market is in a shambles the past couple of weeks as swathes of governmental regulations give investors cold feet. After last weekend failed to reinvigorate the market, many enthusiasts will be wondering where to look for some positive news. It may be on the way…
The cryptocurrency market has been in turmoil over the past few days, as governments around the world begin to enforce regulations over coin transfers. Bitcoin (BTC) dropped below $10,000 USD on January 17th, for the first time since December 1st (though it is now recovering), and Coinmarketcap has been a sea of red, prompting many reports to describe it as the cryptocurrency ‘bloodbath’. Hyperbolic, maybe, but scary enough if you’ve just invested all the money you were saving up to buy a yacht with.
Most people have an opinion on bitcoin at this point in time. But it is hard to maintain a steady outlook on the digital currency due to the fact that the price is starting to fluctuate almost at a daily rate.
Most people have an opinion on Bitcoin at this point. Considering it took both this year and last year by storm, it would be hard not to form an opinion on the virtual currency, whether you are interested in it or not.
That’s right, you can now buy KFC’s fried chicken with bitcoin in Canada. The fast-food chain is now accepting the cryptocurrency for a limited time for customers to buy a Bitcoin-themed chicken bucket called the “Bitcoin Bucket”. At the same time, KFC will also place a Facebook-based live tracker of the bucket’s price corresponding to the bitcoin-dollar exchange rate.
Bitcoin has gained significant price appreciation last year with few shortfalls, hitting the peak of $19,343 in mid-Dec. However, bitcoin price started tumbling since then and fell to around $12,000 level at the end of the last year. It is currently trading just below $14,000. The price of bitcoin declined more than $2,000 compared to a month ago level, up more than 1,600% over the same period last year.
Last year, Jamie Dimon, who is the current CEO of JPMorgan Chase (NYSE:JPM), disclosed that he was not on board with the hype surrounding the cryptocurrency market, going as far as saying that he will fire any trader involved in trading digital currencies. However, all of that changed on Tuesday, January 9.
Employees of the web hosting company GMO Internet (OTC:GMOYF) can now be paid in Bitcoin, if they want.
Tom Lee, who co-founded the Fundstrat market research company, has publicly stated that the price of Bitcoin will only continue to increase. According to Lee, bitcoin will continue to see growth because millennials have taken such an intense interest in it.
Scott Cutler, eBay’s (NYSE:EBAY) senior vice president, recently announced that his company is seriously considering accepting the world’s largest cryptocurrency, Bitcoin, as a payment method. On the platform itself, there is an array of items that have to do with cryptocurrency from various apparel with bitcoin emblem’s placed on them, mining contracts, hardware wallets and even mining computers. The one major thing missing, is being able to purchase goods in the cryptocurrency.
Craig Wright, the self-proclaimed creator of Bitcoin, claims that 2018 will be the year of Bitcoin Cash.
On December 11, New York-based VanEck, an ETF fund provider, filed with the United States Securities and Exchange Commission to develop Bitcoin ETF products that are eligible to trade in cryptocurrency derivatives.
According to the Winklevoss twins, the market value for bitcoin has the potential to exceed trillions of dollars in the forthcoming years.
It has been a crazy morning for the world’s largest cryptocurrency by market value, Bitcoin. There have been varied reports coming from different exchanges on its record highs. Coinbase’s GDAX, which is currently down, had estimates that Bitcoin reached $19,500, whereas multiple other exchanges such as CoinDesk and Coinmarketcap, have that its high was reached at just under $17,000.
If you’re an owner of Bitcoin and get into traffic issues in South Africa, fear not, because the country now lets you pay your traffic fines with Bitcoin.
This weekend, Bitcoin hit a record high of just over $11,800 and made billionaires of the US Olympic rowing twins Tyler and Cameron Winklevoss.
Bitcoin can’t occur without Bitcoin mining, and mining can’t occur without electricity – 31 terawatt-hours worth of electricity.
Nobel Prize Winner Joseph Stiglitz declared on Bloomberg TV that cryptocurrencies, such as Bitcoin, should be prohibited. The reason? Because Stiglitz believes the market for Bitcoin is driven primarily by its potential to get around certain government organizations.
CEO of Goldman Sachs (NYSE:GS), Lloyd Blankfein, claims that bitcoin is a “vehicle to perpetrate fraud” and has been outward about his distrust of the cryptocurrency.
Earlier in the week, rumors were flying that the identity of Bitcoin founder Satoshi Nakamoto, one of the hottest mysteries of the crypto world, had been discovered at last and that identity was none other than Tesla CEO Elon Musk. Days later, these rumors were crushed, by Musk himself.
Bitcoin has been making major worldwide news headlines for the past week, smashing its own records and now has broken over the $10,000 mark.
Bitcoin’s “mining” network uses more electricity in a year than the whole of Ireland, according to statistics released as the currency broke $9,000 for the first time.
Tether, a startup that offers dollar-backed cryptocurrency, announced on Monday that its system was hacked, with more than $30 million US dollars worth of Bitcoin stolen.
Morgan Stanley Chairman and CEO, James Gorman, had a lot to say about Bitcoin in an exclusive interview with CNBC.
The highly controversial hard fork anticipated to take place a few days from now on the Bitcoin blockchain has been suspended. The upgrade, named SegWit2x, was aimed at increasing block size.
Many are wondering, ‘is bitcoin just a bubble?.”