Crypto news

Bitcoin has recovered somewhat since its recent drop into the low $17,000 range. Just yesterday, the currency was trading for slightly over the $17K line, but the asset has since added about $800 to its price and brought itself up out of the gutter. The currency is not where it was during the early portion of the week, though it is beginning to show signs of recovery.Bitcoin Is Coming BackThese last two months have been huge for bitcoin given how much attention and praise it’s gotten. Things...

Bitcoin bulls have successfully regained the $18,000 level today after breaking bullish from a pennant pattern formed yesterday – Saturday, November 28.Over the course of this weekend so far, $30 billion has returned to the global crypto market, which now stands at $540 billion. This has allowed the leading cryptocurrency to recover $1,900 of the $3,250 shed during the sharp correction between November 25-26.This speedy return of bullish momentum puts Bitcoin in a great position ahead of the...

At the time of writing, bitcoin has taken a bit of a nosedive, though at $17,800, the currency is doing somewhat better than it was about 24 hours ago. The currency initially lost more than $2,000 off its price to trade in the low $17,000 range, and many analysts began to show some concern that BTC’s all-time high wouldn’t be reached this year.Bitcoin Buying Is Continuing to SurgeHowever, prior to all this negative hoopla, the currency was ascending like it never had before. Quite frankly,...

Guggenheim Partners is among the largest investment and advisory financial services companies. The Wall Street giant filed a document with the US Securities Exchange Commission (SEC) to enable one of its funds, dubbed the Macro Opportunities Fund, to allocate millions of dollars in bitcoin.According to the filing, the Fund plans to spend 10% of its net assets on bitcoin through the leading cryptocurrency manager – Grayscale.“The Guggenheim Macro Opportunities Fund may seek investment exposure...

History is not an indicator for future performance, but it’s definitely interesting looking at it, especially when it comes to bitcoin’s price and how it performed in the past.A similarity brought up by a popular crypto proponent, and chartist shows a compelling bullish cycle where BTC’s price is far from having reached its peak just yet.Bitcoin Price: 2013 vs. NowWell-known cryptocurrency advocate CryptoBull brought up an interesting comparison between the price performance of bitcoin from...

After dabbling around $16K – $17K for a few days, Bitcoin has soared back above $18K. Most alternative coins have also increased in value, adding $30 billion to the total market cap in a day.Bitcoin Jumps to $18KFollowing the vigorous price dips from earlier this week that resulted in BTC losing more than $3,000 in hours, the asset consolidated around $17,000 for a few days.Bitcoin charted a few more drops beneath that level. However, the situation changed over the weekend. The primary...

Blockchain development studio Dapper Labs recently announced a major advance towards the launch of the mainnet for its Flow blockchain. As of November 27, 2020, users will be able to experience Flow Port to interact with their products.Dapper Labs is the development group responsible for Crypto Kitties – the most famous collectible application of the crypto-verse at the time – and NBA Top Shot, an NBA-licensed collectibles dApp.Flow: The Next Big Thing Since CryptoKittiesFlow is the most...

Facebook’s new cryptocurrency and digital payment system, Libra, could be ready for release early as January of next year.Libra Is Potentially Ready for a RolloutThe news surrounding the release of Libra has been circulating throughout crypto newsrooms for more than a year and a half. Since June of 2019, the currency has been permeating analysts’ minds. They have wondered many questions, a big one being “What would Facebook gain from cryptocurrency?”The project has puzzled many people....

Well, it looks like things have taken a turn for the worse. Bitcoin, the world’s largest cryptocurrency by market cap, has collapsed by roughly $2,000, falling from about $19,000 before Thanksgiving to $17,000.Bitcoin Loses Quite a Bit of MomentumWhy, suddenly? The currency was making many traders believe that things were well underway to repeat themselves as they were in 2017. While we’ve still got a month left in 2020 and the currency could easily turn itself around in that time, this is...

The crypto space is big, but it’s not that big. In fact, a new survey suggests that roughly 60 percent of Americans either don’t know what cryptocurrency is or have no experience with it. However, according to Jonathan Jadali, social media is playing a huge role in getting the word out there about the world’s latest trading space.Social Media Is a Big Tool for BTC and Other Forms of CryptoJadali has been involved in crypto trading since the age of 18. He’s now the successful owner of a public...