Bitcoin (BTC)

Bitcoin and most large-cap altcoins have recovered from yesterday’s price dives. However, most altcoins are still far from their last week’s all-time highs.Bitcoin Back To $11,600The largest cryptocurrency by market cap dipped to the $11,400 support following another unsuccessful attempt to reclaim $12,000. The nosedive seemed somewhat steep, and speculations rose that BTC may be aiming to close a CME gap at $9,600.BTCUSD. Source: TradingViewAs CryptoPotato reported, Bitcoin futures...

Grayscale Investments has announced that the price of bitcoin could potentially explode in the coming months given how much bitcoin is mimicking its 2016 behavior.Grayscale: Expect Bitcoin to Be More BullishIn a recent report, the institutional crypto trading platform writes:The current bitcoin market structure parallels that of early 2016 before [bitcoin] began its historic bull run. Amidst unprecedented monetary and fiscal stimulus, investors are searching for ways to protect against an...

It looks like the bitcoin and crypto presence in Africa is growing like crazy.Africa and Bitcoin Are Becoming the Best of FriendsTo be fair, Africa has always loved its bitcoin, but as of late, the continent is proving to be a hotspot for bitcoin adoption, and there are more companies based on bitcoin and crypto activity that appear to be popping up all over the place.One such company is Yellow Card, a bitcoin-buying firm based in the country of Nigeria. Recently, the firm landed as much as...

It looks like a former Uber exec is in a spot of trouble. Joseph Sullivan – the former Chief Security Officer at Uber – has been charged with paying more than $100,000 in bitcoin to hide a data breach of the company that occurred in 2016 rather than coming forward and explaining what had happened to the right authorities.Questions Regarding an Uber Exec’s BehaviorThe attack may have compromised millions of users and drivers. Sullivan has been charged with obstruction of justice and attempting...

Bitcoin futures aggregated open interest hit the $5 billion mark yesterday, but the overall trend seems to be declining.This points to a possibility that BTC derivative traders are quitting the market owing to lackluster price action. Will a gap at the $9700 price level result in a proliferation of short positions?Bitcoin Futures Open Interest Drops Post Topping $5 BillionData from UK based market analytics firm Skew shows that the aggregated open interest in Bitcoin futures trading hit an...

« La naissance de Bitcoin, ce système de monnaie numérique fonctionnant sans autorité centrale, est mystérieuse et son enfance est fascinante. Créé par un individu connu sous le pseudonyme de Satoshi Nakamoto, Bitcoin n’a pas été tout de suite opérationnel et il a fallu plusieurs années avant qu’il le devienne. Bien que nous ne disposions que peu de détails probants, il est possible de retracer les...

The Barstool Sports founder turned stock trader appears to have been prematurely stung by the highly volatile world of Bitcoin trading.Portnoy, who has recently expressed a lack of knowledge on crypto, tweeted a video on August 21, stating that he was ‘getting killed on Bitcoin right now.’$25,000 LossIn a follow-up tweet, the stock trader added that he just lost $25,000 and needed time to ‘figure it out’ just like the stock market.I currently own zero bitcoins. I will wait and watch. I lost...

Most of the cryptocurrency market is in red today. Bitcoin tanked to $11,400 briefly, but large-cap alts are losing more substantial chunks of value, thus helping BTC to reclaim some ground in terms of market domination.Bitcoin Drops FurtherBTC looked promising yesterday as the asset headed for another face-off with its well-known nemesis at $12,000. It hovered just beneath it for a while, but the bears took control and didn’t allow even to touch that psychological level.In the next few...

Bitcoin’s price had seen a four-day decline of over $1150, while the altcoins suffered even harder.Despite that Bitcoin is currently trading around the consolidation range from a week ago, we cannot ignore this week’s false breakout to $12,500. This turned to be a fake-out, and the bearishness that came out of this is clearly seen on the following days.As can be seen on the 4-hour chart, BTC was forming a bullish triangle ($12K as an upper angle), and even after the above mention false...

Crypto lender and financial services firm Block Fi has garnered roughly $50 million in funding through a Series C funding round. The event was led by venture capital companies such as Morgan Creek Digital and brings its recently raised funds to more than $80 million after a series B round garnered the company as much as $30 million.Block Fi Is Headed to New HeightsBitcoin appears to be growing in popularity as of late, with the price of the asset spiking to new heights and briefly surpassing...