Bitcoin (BTC)

It has been an exciting week for Bitcoin. Volatility is back as the price went on a rollercoaster throughout the past seven days. The cryptocurrency started the week trading at around $7,150, dropped to a low of about $6,600 only to recover get up to $7,800. However, throughout the volatile month of November, Bitcoin lost upwards of $1,500 of its value.At the same time, despite Bitcoin’s violent price action, its dominance index remained flat around 66%. This means that altcoins managed to...

Well, well. Here’s a bit of good news just as the holiday season is starting to pick up steam. The world’s number one cryptocurrency – bitcoin – has suddenly surged to just under $7,600, incurring a seven percent gain over the past two days.Bitcoin Is Picking Up SpeedYesterday was Thanksgiving, meaning everyone was likely trying to avoid two topics at the dinner table: politics and crypto. Both tend to incur some very angry and/ or negative feelings in people, but this season, bitcoin seems...

Bitcoin’s price is eyeing a fast return to $8,000.The largest digital currency is still on track for its worst month of 2019.Bitcoin Fear & Greed Index shows investor sentiment has recovered slightly from last week’s FUD-induced selloff.Bitcoin’s price made another move higher on Friday following one of the biggest percentage gains of the month, signaling that the worst of the recent downtrend had subsided. The largest cryptocurrency is eyeing a fast return north of $8,000 – a move that...

This week, Bitcoin saw a small correction from the previously seen bearish trend in November. The cryptocurrency managed to rise by a total of 7.67% to reach the current trading level of $7,768. Bitcoin has a long way to recover, and for this market to be considered bullish again, we would need to see the coin break above the November highs at $9,600. If Bitcoin was to drop back beneath $7,000, we could then consider the market as bearish. Bitcoin now faces initial resistance at $7,915. Above...

The monthly Bitcoin Futures Contracts of CME Group are set to expire today, as it’s the last trading Friday of the month. With the recent volatility, the volume of BTC futures contracts has also been on the rise at CME, as it hits the highest number in the last month. Meanwhile, Bitcoin has been on the rise in the past 24 hours just before the contracts are about to expire.CME Group Bitcoin Futures To Expire TodayAccording to the contract specifications, the cash-settled Bitcoin Futures on...

Traders are bearish on bitcoin after a 53% retracement.There may be more pain on the horizon but HODLers shouldn’t get shaken out.Bitcoin touts unique features that make the cryptocurrency an attractive long-term investment.Bitcoin’s price has corrected by as much as 53% from the 2019 high of $13,880. Investor sentiment has turned extremely bearish. A few weeks ago, the idea of bitcoin trading at $5,000 was unthinkable. Today, many are calling for $5,000 to be the bottom of this downtrend. A...

Cryptocurrency is good in that transaction information is forever recorded on the blockchain in the public domain and therefore Bitcoin can be trusted. At the same time, there are no records about your transactions in the databases of banks and government organizations in order to increase Bitcoin Privacy. But in fact, anyone can track how much and what you spent your digital assets on, and then use this information to harm you.Danger of Blockchain TransparencyBitcoin seems to be initially...

First of all, Happy Thanksgiving y’all. Be thankful for your life, your family and, hopefully, your wallets. Hope you had a nice dinner and it prepared you for the Christmas holidays.  However, today is Black Friday and even though it should remind us on the awful things done to the slaves in the U.S. back in time, it should remind us that, except this should never happen again, we could use this date to do something good – for someone, or for us (‘cause you have to love yourself,...

It took just a few hours after we posted our previous Bitcoin price analysis, and Bitcoin broke out nicely the $7400 resistance, which is the neckline of the inverse head and shoulders pattern.Since then, Bitcoin quickly made a move to our next mentioned resistance level of $7700 and quickly got rejected. Over the past 40 hours, Bitcoin is trading under the tight range of $7400 to $7700.From the bullish side, after such a massive move ($6800 to $7700), a correction or consolidation was...

Pushing the crypto use in the tourism industry, crypto exchange Binance has entered a partnership with crypto travel startup TravelbyBit. The two companies together announced the launch of a rewards card which can facilitate crypto payments on several travel websites.Users of the TravelbyBit travel rewards card will get access to exclusive travel deals and discounts for the hotel as well as flight bookings. The crypto travel card will function as a traditional prepaid debit card wherein the...