Bitcoin (BTC)

The Bitcoin (BTC) price dip seen on Thursday has triggered a cascade of forced liquidation on derivatives exchanges like BitMEX and Bitfninex. U.S. stocks have also taken a beating, with the markets experiencing its worst performance since June.Bitcoin Long Bloodbath as BTC Price Falls to $10,700According to data from the crypto derivatives analytics platform Datamish, about $131 million in Bitcoin Longs on the BitMEX exchange got liquidated, following Bitcoin’s plunge to below $10,500.As...

Today is not a good day for bitcoin. Not only has the currency’s price fallen back several feet, but it looks like Ethereum – the second-largest cryptocurrency in the world and the primary competitor to BTC – is beginning to overtake the asset in several ways.The Ethereum Blockchain: A New Home for BTC?To be fair, Ethereum’s price is nowhere near that of bitcoin. In addition, the market cap is also not as strong, but bitcoin is now playing second banana to Ethereum in one major way: the...

Earlier today, Live Bitcoin News reported that bitcoin had suffered a major setback and ultimately fell below $12,000 and back into the $11,400 range. Now, we’re learning that it may have had to do with the seizure of Bithumb, a popular cryptocurrency trading platform based in South Korea.Bithumb Is Now in the Hands of Korean OfficialsBithumb has been seized by law enforcement officials after it was allegedly discovered that executives were selling BXA tokens – the official tokens of the...

Well, this is getting annoying, isn’t it? Bitcoin just can’t seem to make up its mind about where it wants to be. After jumping past the $12,000 mark just yesterday, the currency has now shrunk back to $11,400. That’s a 600 drop in just one day. Why can’t this coin decide it wants more out of life? What is it afraid of?Why Can’t Bitcoin Just Stay High?$12,000 is clearly proving itself to be the resistance level of the year at this point. The currency has crossed the threshold a few times only...

À partir de février 2021, les taxes prélevées dans le canton de Zoug en Suisse pourront être réglées en bitcoin ou en ether : « En tant que foyer de la Crypto Valley, il est important pour nous de promouvoir et de simplifier davantage l’utilisation des crypto-monnaies dans la vie quotidienne […]. Le règlement fiscal en cryptomonnaie sera disponible pour les entreprises et les particuliers jusqu’au...

Bitcoin has dramatically extended its losses today, as prices slide a further $1,000 in under 24 hours. Yesterday, we observed how the leading asset was recovering along with the $11,400 and expected it would push sideways before another big move arrived.Looking at the 4-Hour chart, we can see it did exactly that. Until the early hours of today, BTC was hugging tightly along the prior support zone (green) until another huge wave of selling pressure arrived and drove prices down to $11,225...

Zug, a canton in Switzerland, will be the first canton to start accepting cryptocurrency for tax payment purposes starting from February 2021.Zug Canton Partners with Bitcoin Suisse for Crypto Tax PaymentAccording to an announcement by the canton on Zug on Thursday (September 3, 2020), taxpayers in the canton will have the option of paying taxes in Bitcoin (BTC) and Ethereum (ETH). The crypto tax payment option which is open to both individuals and companies will see taxpayers pay taxes to...

Chainlink suffered a steep 9% price drop over the past 24 hours, completing a 35% descent from its all-time high reached on August 16 at around $20.Against Bitcoin, LINK is also on the decline as the buyers attempt to defend the 0.00119 BTC support level today.LINK/USD – Bearish Momentum Starts To IncreaseKey Support Levels: $13.35, $12.60, $11.61.Key Resistance Levels: $14, $15.10, $16.LINK broke toward the upside of a symmetrical triangle pattern at the end of August. However, it was unable...

It appears that the cryptocurrency market hasn’t stopped plummeting in value. After losing over $20 billion worth of the total market cap in a day, the situation just worsened. Bitcoin further plunged to below $11,000, Ethereum dumped to $400, and the rest of the altcoins follow along.Bitcoin Plummets Below $11KIt’s safe to say that the cryptocurrency market has seen better days as the blood bath that started yesterday has just intensified: Bitcoin was trading at $11,400 after recovering some...

According to the blockchain transaction details, Ripple moved 1 billion of XRP in three portions. One consisting of 200 million, another consisting of 300 million, and the third one of 500 million.Leading cryptocurrency exchanges including Binance, Coinbase and also OKEx, and one of the biggest industry players Ripple yesterday moved huge amounts of digital assets, which possibly resulted in their 10% drop. During yesterday’s volatility, Bitcoin (BTC) lost approximately $1000 in value,...