Tag Archives: Bitcoin News

Anthony Denier – the CEO of a company called Webull – is predicting that bitcoin, the world’s number one cryptocurrency by market cap, is likely to hit a price of $55,000 by the end of this year.Denier: BTC Will Grow To an Even Higher PointThe bitcoin price has been in a bit of a rough position over the past several days. While the currency was trading for around $42,000 during early January – a new all-time high for the coin – it has since sunk by about $10,000. While the currency is still...

Bitcoin has taken a bit of a dip in recent days. While the currency is stronger than where it was 24 hours ago, the asset is still short of its recent $40,000+ all-time high. However, there’s no denying that the world’s number one digital currency by market cap has surged like there’s no tomorrow, and according to Lloyd Blankfein – a former Goldman Sachs chief executive – the government could really try and get in the way of bitcoin’s growth should it continue to surge like this.Lloyd...

Crypto crime has been a relative constant in the digital space, and in San Francisco, a new digital currency embezzlement case has just made its way onto the roster of the U.S. Department of Justice (DOJ). The instigator this time around is a young man named Jerry Ji Guo, who has been ordered to spend half a year in jail and must pay more than $4 million to the customers he harmed financially.Guo Must Pay Penalties and Spend Time Behind BarsGuo has been found guilty of posing as a...

Bitcoin has incurred a nasty fall in recent days, dropping from $40,000+ earlier in the month to about $30,000 at press time. Thus, the currency has lost more than $10,000 since reaching its new all-time high, and many analysts – including Agustin Carstens of the Bank for International Settlements – believe that the world’s number one digital asset by market cap may be in a heap of trouble.Agustin Carstens: Bitcoin May Not Last Beyond a Certain PointIn a recent interview, Carstens went so far...

As we have witnessed in recent years, bitcoin is a rather popular asset, but it seems to be making quite a bit of headway amongst younger crowds, many of whom do not trust financial institutions or standard banks following the dangers of the Great Recession in 2008 and the dismal state of the global economy that occurred soon after.Bitcoin Appears to Be Attracting Younger InvestorsIt seems like many younger generations now view bitcoin and cryptocurrencies are far more trustworthy than...

At the time of writing, bitcoin has experienced a major hit. The currency – which during the early weeks of January reached a new all-time high of more than $40,000 per unit – is presently trading for just over $30,000. This is a slight improvement over where it stood during the early morning hours, but it’s still quite a dip considering where it was trading on or around January 8.Bitcoin Just Keeps FallingAs a result, many analysts are expressing worry that 2021 will exhibit the same bearish...

At the time of writing, bitcoin has come to a screeching halt. The world’s number one cryptocurrency by market cap has ultimately fallen to just over $30,000, which is about $2,000 less than what it was trading for around 24 hours ago and more than $10,000 less than the new $42,000 all-time high it managed to attain in early January.The Bitcoin Price Has Fallen, But It May Not Be Too BadHowever, according to one Tesla investor, things aren’t looking too bad for the asset. In fact, this...

Bitcoin has hit a real bump in the road, and for many analysts and traders, this appears to be knocking their confidence to new lows.Bitcoin Isn’t Being Managed as Much By Third PartiesThe world’s number one digital currency reached a whopping $42,000 on January 8. This is the highest the currency has been in its 12-year history. However, at the time of writing, the asset is down to just over $32,000, meaning that each unit of bitcoin has dropped by roughly $10,000 in less than a month.To an...

Bitcoin has never lived up as a payment coin. The asset – which was initially designed to replace fiat currencies and be used to purchase goods and services – has become so volatile and so vulnerable to price swings, that the very idea of using it as a method of payment has become ludicrous to even the most diehard fans, but according to Keith Johnson of Ternio fame, this paves the way for competing altcoins to step up and serve as payment coins in the future.Johnson Says Competing Altcoins...

Bitcoin price is struggling to clear the $34,000 and $35,000 resistance levels against the US Dollar.The price is now trading well below $34,000 and the 55 simple moving average (4-hours).There are two major bearish trend lines forming with resistance near $34,000 and $34,800 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could decline sharply if it fails to stay above the $30,000 support zone.Bitcoin price is showing a few bearish signs below $35,000 against the...