Bitcoin (BTC)

Tom Lee of Fundstrat fame is back in the news, and he’s being very serious when he says the S&P needs to experience a breakout if bitcoin is going to gain its momentum back. Tom Lee: If BTC Is to Do Well, the S&P Must Do WellLee has commented about this in the past. He’s convinced that BTC and the S&P share some very strong ties, and when one drops, the other is sure to follow. As of late, there appears to be a hint of truth to what he’s saying in that as the stock market has...

Conspiracies concerning the manipulation of bitcoin futures may now have some grounds, as researchers claim to have found a "striking systematic trend" between BTC price action and futures expiry dates.Cries of foul play surrounding CME's bitcoin futures contracts are almost as old as the derivatives themselves. For months, the expiration date of the cash-settled contracts has inconceivably lined up with adverse price movements in bitcoin. Though purportedly coincidental, this occurrence has...

Is bitcoin being manipulated again? Bitcoin: the Target of More Tricks?In 2018, a report issued by John Griffin, a finance professor at the University of Texas, showed that the currency was potentially being manipulated by tether during the previous year. It’s price spiked the way it did because people who owned tether would repeatedly use that currency to buy bitcoin, thereby pushing its price higher whenever BTC fell by even the slightest margin.This is what tied bitcoin to the U.S. dollar....

The bitcoin price (BTC) has dropped below a key support level in $8,000 and entered the $7,000 region for the first time since June amid a fierce sell-off in the cryptocurrency market.In an extended correction, the bitcoin price (BTC) dropped to $7,850 following a 15% drop in a steep cryptocurrency market sell-off. | Source: coinmarketcap.comOver the past five days, the bitcoin price has fallen from $10,100 to $7,850 in a 22 percent pullback against the U.S. dollar in arguably the steepest...

Der Markt ist eingebrochen. Deutlich. Gestern verlor der BTC gegen die Bären und dabei ungefähr 20 Prozent des Kurses, ehe bei knapp über 8.000 US-Dollar der Widerstand erreicht wurde. Der gesamte Markt folgte und schickte fast alle Altcoins in die roten Zahlen. Analysten sehen sogar noch eine weitere Abwärtsbewegung auf den Bitcoin zukommen.Bitcoin News: Wie tief es für den Bitcoin nach dem Markteinbruch noch gehtNach einem bisher sehr positiven Jahr für den Bitcoin, erlebte der BTC gestern...

Etheruem followed in the footsteps of Bitcoin this week as the cryptocurrency dropped by as much as 21%. The latest price fall caused ETH to drop back to $167, returning to support from late-August/early-September.Ethereum has lost a total of 45% over the past 3 months which puts its market cap at $18.17 making it the second-largest cryptocurrency.Looking at the ETH/USD 1-day chart:Since our previous ETH/USD analysis, the BTC bloodbath caused ETH to plummet beneath $200. ETH continued to drop...

Bitcoin has been in the spotlight this week largely due to two unfavorable developments. The first one is the underwhelming Bakkt launch that failed to impress the cryptocurrency community. Second, the largest cryptocurrency finally broke down from a descending triangle after months of consolidation, prompting calls for a bearish dump to $4,000 or even lower.Big bitcoin bear calling for a deep dive after the bearish breakdown. | Source: TwitterRegardless of these events, bitcoin’s...

Anyone expecting a new record high bitcoin price by the end of the year is likely to be disappointed.Based on the previous cycles of BTC price activity, we probably won’t see bitcoin smash back through $20,000 before at least May 2020. The reason is simple:Bitcoin has never recaptured an all-time high before a halving eventLook at the Coin Metrics chart below, marked with the halving every four years, edited by CCN to mark the price at each event. In the last two cycles, BTC has failed to...

XRP has seen a slight increase of 3.15% against the USD over the past 24 hours and it’s back up at $0.2477. The cryptocurrency has lost a total of 16% over the last week. Despite the recent bloodbath, however, XRP is holding up well against BTC.After losing a steep 40% over the past 3 months, XRP remains the third-largest cryptocurrency with a market cap of $10.67 billion.Looking at the XRP/USD 1-Day Chart:Since our previous XRP/USD analysis, XRP met resistance at $0.3262 and started to roll...

Photo: ShutterstockBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD tech analysisThe capitalization of the crypto market has fallen by $35 billion overnightThe BTC hashrate has returned to its standard values after a slumpFrench shops are beginning to accept the Bitcoin for paymentOn W1, the Bitcoin has completed the correction in the shape of a Triangle: the strong declining impulse has broken through the former support while the present dynamics is acquiring the shape of a classic...