Bitcoin (BTC)

Bitcoin had seen a grand opening to the new decade, following a decent surge of roughly $1000 in the first days of 2020.After reaching a high of $8400 last Wednesday, Bitcoin had encountered resistance and quickly turned around. However, the coin continues to look healthy and positive, consolidating safely above the $8000 benchmark.Yesterday we saw Bitcoin gearing down towards the $7700 support, along with the crucial mid-term descending trend-line (that was started forming during June 2019,...

MoneyGram, ein Partnerunternehmen von Ripple, setzt seit Sommer 2019 für internationale Überweisungen XRP ein und hat nun ein Rekordwachstum gemeldet. Dass tatsächlich XRP für dieses Anstieg verantwortlich ist, ist jedoch zweifelhaft. Bereits Anfang August des vergangenen Jahres wurde bekannt, dass MoneyGram xRapid von Ripple einsetzt. Ungefähr zur gleichen Zeit erwarb Ripple MoneyGram-Aktien...

As we all know, bitcoin has spent the last few days gaining steam and jumping into higher ranges. While we’ve been quick to assume it has something to do with the political unrest due to tension between the U.S. and Iran, another source is claiming something different.The Bitcoin Hash Rate May Have Something To Do with ThisBitcoin first began jumping upward on January 3 following a U.S. drone strike on Iran that killed off one of the latter country’s top generals. From there, bitcoin – which...

Another bitcoin price prediction is in the books. This time, the words come from Sonny Singh, an executive with Bit Pay.Singh Predicts Big Things for BTC This YearIn a recent interview, Singh explained that he thinks 2020 will be the year in which bitcoin strikes $20,000 territory again. Thus, crypto enthusiasts will see three 20s this year; $20,000 in 2020. One wonders if this is meant to be funny…On the one hand, it’s good news. Bitcoin – which recently fell back into the $7,000 range...

Eric Young and Adam Kurtz suddenly revoked their lawsuit against the Bitfinex exchange and Tether founders. The two previously claimed market manipulation and fraud.The plaintiffs said they are crypto traders who suspect that Bitfinex and Tether fed the market with fake data about their volumes, operations, and deals. However, on January 7 both filed a document saying they demand voluntary dismissal for their claims:“The Court having considered the Notice of Voluntary Dismissal Without...

What did we tell you all? Political unrest has a lot to do with bitcoin’s sudden rise to power. Now that relations between the United States and Iran are easing up a bit, it appears bitcoin has quickly descended back into the $7,000 range.Bitcoin Is Falling Back DownAt the time of writing, the world’s number one cryptocurrency by market cap is trading for just over $7,800. While this is not a massive difference from yesterday’s $8,000, it’s still a punch in the gut. Many enthusiasts thought...

Ethereum may be due for one last leg down. Despite ether’s bearish price action in 2019, it has made significant progress. The cryptocurrency’s growing fundamentals will likely eventually catalyze a new bull market. Just like bitcoin, Ethereum has been correcting ever since it posted a high in June 2019. From last year’s high of $363.30, the number two cryptocurrency has lost over 62% of its value. Those losses are significantly magnified if you consider that Ethereum...

Bitcoin saw a 7.51% price increase over the past week that allowed it to rise above the previous range it was trading within. The cryptocurrency broke above the upper boundary at $7,800 and continued to surge much higher as it reached expected resistance at the 200-days EMA at around $8,160. The cryptocurrency did climb even higher than this as it approached the resistance at $8,458 but it quickly rolled over and started to fall. After reversing at the 200-days EMA, Bitcoin started to fall...

If there’s one thing that is absolutely sure about the general Bitcoin community, it’s the bullishness. BitPay Chief Commercial Officer Sonny Singh has now added to this bullishness with a $20,000 Bitcoin prediction for 2020. Singh has joined a long list of industry enthusiasts who believe the sky is only the beginning for the world’s king coin.$20,000 Prediction for Bitcoin in 2020In a recent conversation with Bloomberg’s Taylor Riggs which took place on Wednesday, Singh spoke quite...

Bitcoin is more fairly distributed than altcoins. Cardano may be dangerously centralized. Whales are still a significant issue for BTC. When contemplating crypto whales, the knee jerk reaction is to automatically think, “lotsa bitcoin;” However, according to statistics from Intotheblock—a crypto intelligence company—BTC ownership may actually be less concentrated than most altcoins. Tracking numerous cryptocurrency addresses holding more than 1% of the supply of...