Crypto news

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...

The last few days have been rather dramatic for the cryptocurrency markets, as most coins have marked double-digits losses. Bitcoin’s price shed $1,500 in one hour, which alarmed the community. However, the bigger picture engenders optimism, especially when we look back at the lows of 2018.2018 Versus 2019In late 2017, cryptocurrencies enjoyed price increases day after day, ultimately culminating in Bitcoin’s all-time high of $20,000. Some were caught off guard when the trend reversed in...

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...

Altcoins have always been around aside Bitcoin. The first altcoin, Namecoin, popped up somewhere in the middle of 2011. Since then, the total number of altcoins has reached 5 digits, and they have evolved from Proof-of-Work to Ethereum-based ERC-20 smart contracts to Initial Coin Offerings (ICOs).2017 was the year of the ICO, and it was the year that the list of cryptocurrencies started taking up more than two pages. In 2017 and the first quarter of 2018, new coins were born on a daily...

The CEO founder of popular messaging app Kik Ted Livingston has maintained his position on keeping on to the end in his company’s legal tussle with the United States’ Securities and Exchange Commission (SEC) over its cryptocurrency’s classification as a security.Kin (KIN) has been at the forefront of a firestorm between the two parties over its initial coin offering (ICO) with the US regulator suing the company earlier this year over the issue. Sources indicate that the CEO gave his position...

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...