Markets

After trading in a tight range between $7,300 and $7,150 for several days, Bitcoin might be on the move again, heading south this time. The price of the largest cryptocurrency dropped to $6,994 on the largest margin trading exchange, BitMEX. Bitcoin managed to recover slightly and is currently trading at around $7,050.Cryptopotato reported today that BTC could be facing a potentially huge move shortly, according to the Bollinger Bands. Dropping below $7,000 could bring the question if there’s...

The co-founder of the second-largest cryptocurrency by market cap, Vitalik Buterin, recently admitted that the Ethereum Foundation (EF) has sold 70,000 ETH almost at the all-time high. Today, it seems like the right decision, as Ethereum’s price has plunged with over 90% since then.To Sell 70,000 ETH At The TopVitalik Buterin, the co-founder of Ethereum, recently appeared in an interview, and naturally, his blockchain project was the most discussed topic. Besides the upcoming updates from the...

The BTC consolidation continues: for the past four days, Bitcoin’s price range had been shrunk to $150 only. From above $7300, from below $7150. This is coming after almost two weeks, since December began, of nearly zero volatility.The only people who benefit from such a market are those who run crypto margin exchanges. However, they can’t be that happy since the trading volume is also declining.Following price consolidation, declining volume, and on top – Bollinger Bands, which are very...

According to the documents released by the New York Office of the Attorney General, the judgment day finally comes to the castle of Bitfinex and the tower of Tether. Both companies were cheating with financial laws. And the development of their case only shows that Bitfinex is having some major troubles.The U.S. Supreme Court has destroyed Bitfinex, now it is the time to start packaging the inner functionaries.While examining the document, we can see that the Attorney General wants to dig...

The last week hasn’t been full of a lot of action with Bitcoin’s price. In fact, the cryptocurrency traded sideways within a fairly tight range between $7,600 and $7,100. However, it managed to retain its market dominance, as it accounts for about 66.6% of the entire capitalization.This also means that altcoins failed to break any new grounds. In fact, almost all of them were also trading sideways or experienced slight losses. One which stands out, however, is Tezos. Just like the week before...

In an ongoing report, Bank of America (BoA) said that Ripple’s cross-border presentation was innovative and praised it. As a fan of XRP, known under the online nickname BankXRP, pointed out on Twitter,  BoA commended Ripple on the deposits of transitional payments.Bank of America : Ripple cross‐border solution Ripple’s distributed ledger solution remedies legacy correspondent banking infrastructure challenges and provides bi‐directional messaging to enhance payment tracking, data...

Ross Ulbricht – the man who’s serving a life sentence for developing the notorious black marketplace Silk Road – is writing letters from prison and trying to guess where bitcoin’s price will head within the next year.Ulbricht Tries to Tell Us Where BTC Will GoAccording to Ulbricht’s latest letter, the world’s primary digital currency by market cap is set to reach $100,000 by the year 2020. Thus, he now joins figures such as Charles Hoskinson, Tim Draper and John McAfee to believe that the...

Last month, telecommunications giant AT&T announced that it will make its 5G service accessible to millions of customers before 2019 runs out. The company initially said that five areas will get the coverage when it eventually goes live. AT&T has however changed its mind and increased the number of areas from 5 to 10.Starting today, the next-generation network will be available to everyone in Birmingham, Indianapolis, Los Angeles, Milwaukee, Pittsburgh, Providence, Rochester, San...

Bitcoin declined by  2.5% over the last week, dropping to the $7,220 level. The cryptocurrency has been trapped within a tight range between $7,708 and $7,123 for the entire period of December, thus far. A breakout of this range will dictate the direction Bitcoin will head toward over the following weeks.If the bulls continue to rebound, initial strong resistance is located at $7,400 and $7,700. Above the range, resistance lies at $8,086 (bearish .5 Fibonacci Retracement level) and $8,400...

The U.S. court has reportedly dismissed the law case for $150 million against the popular cryptocurrency derivatives exchange, FTX. The initial reasoning behind the lawsuit was market manipulation and unlicensed securities sales, but the court has not found any solid grounds to continue with the lawsuit.Cryptocurrency Exchange FTX ExoneratedEarlier this year, the cryptocurrency derivatives exchange FTX was accused of the sale of unlicensed securities in the U.S. and market manipulation. It...