Photo: ShutterstockDmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, shares his insights into the future scenarios for Bitcoin price movement as well as possible price swings of major altcoins.The Bitcoin keeps correcting inside a flat. There are expressed resistance and support areas on the chart but the quotations have not yet managed to escape the channel. There are chances that, however, the leading cryptocurrency might break through the upper border of the range...
Read More »Bitcoin Whales Are on the Verge of Extinction: Crypto Watchdog
So-called “bitcoin whales” appear to have a considerable influence on the cryptocurrency market, according to a new report. At the same time, whales are a dying breed. The founder of crypto watchdog Whale Alert explains why. It’s fair to say that bitcoin whales have a reputation for running the show when it comes to the crypto markets. Whether this is an accurate account of the role whales actually play within the ecosystem remains an open question. With his eyes trained on every major...
Read More »This Is Why Bitcoin Price Could Hit $55,000 Next Year: Crypto Zombie in Trader’s Digest
If you’ve ever watched Bitcoin-related videos on YouTube, you’ve probably gotten to know K-Dub. K-Dub is a 32-year-old from New York who broadcasts live each day on his popular channel Crypto Zombie.Without a doubt, Crypto Zombie is one of the most popular channels around, with an astonishing number of over 90,000 subscribers as of writing this. Every night you can meet him on YouTube, and when I write ‘meet him,’ this really describes his attitude toward his thousands of loyal...
Read More »Ripple Price Analysis: XRP Fails To Close Above $0.30 But Is It Plotting a Move Against BTC?
XRP saw a small increase of around 2% over the past week and it currently trades at $0.2995. The cryptocurrency still has hard times closing above the $0.30 level as each attempt so far has failed. Despite this, XRP has still seen a 12.50% price hike over the past month.XRP remains the third-largest cryptocurrency with a market cap of $13.03 billion.Looking at the XRP/USD 1-Day Chart:Since our previous XRP/USD analysis, the cryptocurrency continued to trade sideways as it remains trapped...
Read More »Bitcoin Buys Real Estate: $15.3M Condo Sold Using Bitpay
A real estate developer managed to sell a $15.3 million condo in New York for Bitcoin. The transaction was carried out using Bitpay and Starr and, according to the developer, it was “seamless.” This highlights Bitcoin as a viable alternative to fiat transactions and it’s far from being the only serious real estate deal cut with the cryptocurrency.Bitcoin Used For Buying a New York ApartmentA real estate developer, Ben Shaoul, has sold a retail condo in Upper East Side New York and the...
Read More »‘Bitcoin Price Will Reach $16k Soon as 1.4B People Are Working On It,’ Says Binance’s CZ
Growth in the crypto market is almost always measured by price trajectories and the likelihood that an asset would find adoption, consequently increasing its price. With Bitcoin being the asset with the largest market cap and consequently the highest priced and strongest market dominance, the cryptosphere is almost always waiting for a Bitcoin price surge.In the midst of all the bullish predictions that usually trail Bitcoin, Changpeng Zhao who is the CEO of the world’s largest crypto...
Read More »Cardano (ADA) Price Analysis: Primed For More Upsides
ADA price is gaining bullish momentum above the $0.0425 resistance area against the US Dollar.The price is likely to break the $0.0450 and $0.0465 resistance levels in the near term.There is a key bullish trend line forming with support near $0.0425 on the 4-hours chart (data feed via Kraken).The price is following a decent bullish path above the $0.0425 and $0.0420 support levels.Cardano price is showing bullish continuation signs against the US Dollar and bitcoin. ADA price is likely to...
Read More »Bitcoin Price Analysis: BTC Consolidating Above Key Support
Bitcoin price corrected lower after tagging the $10,550 resistance area against the US Dollar.The price is currently consolidating above the key $8,900 and $9,000 support levels.There is a connecting bullish trend line forming with support near $9,120 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to rise again as long as there is no close below the $9,100 and $9,000 supports.Bitcoin price is trading with a positive bias above $9,000 against the US...
Read More »Illinois Resident Invests Half of His Lottery Winning in Bitcoin back in May
Earlier this year, a man from the state of Illinois made a killing, winning $500,000 in a state lottery. Recently, he revealed that half of this fortune has been spent on buying Bitcoin (BTC). He confirmed that back in May, he had purchased about $178,000 worth of BTC and wrote on Reddit:“Did this. Then put half into BTC in May.”Further, he asked to remind him in eight months if his investment is smart money, which Reddit can not agree with.On one hand, the investment seems to be a good one....
Read More »RuNet: Russland plant eigenes Internet
RuNet: Können Bitcoin-Zahlungen bald in einem alternativen Internet getätigt werden? Foto: Burger King Moskau Russland plant sein eigenes Internet und erntet damit Kritik. Die Sorge ist berechtigt, denn somit schafft der Staat eine totale Zensur und Kontrolle. Dies befürchtet zumindest Heise.de in einem aktuellen Artikel. Bereits im Mai gab es diesbezüglich Kritik von den...
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