Bitcoin (BTC)

The cryptocurrency market continues to correct.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.On one hand, the Bitcoin chart is already showing some ideas in favor of further descending movement but it’s too early to talk about a proper decline as long as the instrument is trading above the support area at $10,500. Moreover, such cryptocurrencies as...

Following the rejection from the $12,500 resistance level on August 17th, Bitcoin has endured a downtrend that has seen it lose most of the gains incurred throughout the first half of the month.The increasing selling pressure behind it has taken many investors by surprise since some of the lower cap altcoins have entered full-blown bull rallies. While BTC continues flirting with the idea of a steeper correction, its price continues to bleed.Such market behavior was visible on August 25th as...

With Upfiring 1.2.2, seamless decentralized P2P file-sharing is now possible on the Ethereum blockchain. With our product ready for user adoption, the project’s focus will be shifting towards towards community growth and marketing for the second half of 2020. Upfiring 1.2.2 has been deployed and is available for download on upfiring.com. This update fixes an important connection issue that will improve the dapp’s ability to discover and connect to other peers/seeders on the...

Bitcoin price declined heavily below the $11,800 and $11,500 support levels.The price traded as low as $11,101 and it is now well below the 55 SMA (H4).There is a key bearish trend line forming with resistance near $11,600 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair remains at a risk of more downsides as long as it is below the $11,500 level.Bitcoin price is currently trading in a bearish zone below $11,500 against the US Dollar. BTC could extend its losses...

A newly-detected scam has been luring users into a Bitcoin scam, Abnormal Security reports. The cybersecurity firm informs that cybercriminals have been impersonating the popular Bitcoin Era trading platform to attract investors, while actually infecting their online devices with malware.Emails, Mimicking BTC Era PlatformThe automated scam emails, which many users have reportedly received, were intended to deceive them through a visual similarity to the leading cryptocurrency platform BTC...

A brief glimpse at the Bitcoin price chart over the past decade clearly shows that we are in what appears to be the early days of the fourth bull market cycle. The asset has experienced multiple boom-and-bust cycles in its brief history, and three can be clearly identified with tops and bottoms.600 Days Into Current CycleIn a recent report by CoinMetrics, these cycles have been overlaid in an effort to attempt estimation at the length of the current cycle.The current cycle began when Bitcoin...

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 956. Im heutigen Video geht’s um folgende Themen: China testet digitale Zentralbankwährung im Einzelhandel, Dave Portnoy will Bitcoin und Chainlink retten & Thailand Gerichtsdokumente auf Blockchain. [embedded content] 1.) China testet digitale Zentralbankwährung im Einzelhandelhttps://www.btc-echo.de/cbdc-china-testet-digitale-zentralbankenwaehrung-im-einzelhandel/ 2.) Dave Portnoy offers to ‘save’ Bitcoin and...

The cryptocurrency market has lost $20 billion from its market capitalization, as the majority of cryptos in the red over the past 24 hours. Bitcoin’s current weekly low is at $11,100, while Ethereum reached the target of $370 as predicted by CryptoPotato.The giant blockchain, Polkadot, is trading around $5.40 after the DOT token was added to major exchanges earlier this week at a price of $3. DOT is recording a fantastic ROI of more than 80% over the past four days of trading. Polkadot is...

Today, bitcoin is trading for roughly $11,700. This is slightly above where it was just 24 hours ago, but the big question that’s likely on the mind of virtually every crypto trader out there is, “When is $12K going to show up again?”Is Bitcoin Planning to Move Up Anytime Soon?Not too long ago, the world’s number one cryptocurrency by market cap rose all the way to $12,400 in what was easily the biggest spike the asset had seen in well over a year. However, the surge didn’t last long, which...

Data from popular cryptocurrency monitoring firm reveals that institutional investors had a record-breaking number of leveraged short positions in Bitcoin futures contracts on the Chicago Mercantile Exchange (CME).While this might imply a lot of things, it appears that smart money is leaning toward bearish developments in the market. Of course, there’s always the possibility of a short squeeze.Institutional Bitcoin Shorts on the RiseBitcoin’s price lost about $1,200 in the last seven days....