Tag Archives: bitcoin price

Well, analysts are probably feeling pretty darn foolish for reaching such premature conclusions about where the price of bitcoin will go in the coming days.The Bitcoin Predictions Came Too SoonEverybody was super stoked to see that bitcoin had finally broken past its recent $10K resistance. After trading in the mid-$9,000 range for the past few days, the currency rose as high as $10,100, causing everyone to break out the champagne a little too early.Why too early, you ask? Because the jump...

Well, it looks like the spike to $10,000 that we just reported for bitcoin was short lived… Extremely short lived.Well, the Bitcoin Run Didn’t Last Long at AllJust yesterday morning, the asset saw itself regaining all it had lost during the height of the coronavirus pandemic. The currency was trading for well above the $10,000 mark in February of this year and experiencing the most bullish behavior it had witnessed since the summer of 2019, but it ultimately came to a crashing end when the...

It looks like all the hype and fear that surrounded the recent rumor of Satoshi Nakamoto moving his bitcoin has subsided. Bitcoin has not only crawled back above the $9,000 mark, but it has managed to add several hundred to its price to trade beyond the $9,500 position.Bitcoin Is Bullish Once AgainThis is certainly good news, but the currency is still struggling to break past $10K. What will happen in these coming weeks? Will the world’s number one digital currency by market cap continue its...

Bitcoin is clearly still suffering from the volatility everybody has come to associate it with. About 48 hours ago, after trading above the $9,700 mark for several days, the currency experienced a sudden and unexpected drop that took it down to about $9,300 for a brief period.Bitcoin Has Taken Another FallFrom there, the world’s number one digital asset by market cap rose back into the $9,500 range but has since lost an extra $200 to fall back to $9,300. Thus, the currency has lost about $400...

No doubt bitcoin’s been doing rather well as of late, but according to executives at Andreessen Horowitz, another breakout is on the horizon, and bitcoin could spike to levels we haven’t seen in some time.Andreessen Horowitz Predicts Big Things for BitcoinBoth Chris Dixon and Eddy Lazzarin – partners at the investment firm – wrote in a blog post that a “fourth crypto cycle” is about to emerge. They believe that bitcoin’s price is going to get much higher in the coming months, and that those...

It’s been almost a week since bitcoin’s widely anticipated third halving, and thus far, the event has turned out to be a real bore.The Halving Hasn’t Amounted to MuchWhile bitcoin isn’t necessarily in bad shape, the halving made everyone believe that something big was about to happen. That perhaps the world’s number one cryptocurrency by market cap was going to aim for the stars and get there overnight. That may have been somewhat unrealistic, but there is certainly some speculation as to why...

Bitcoin is once again trading above $9,000 at the time of writing, proving its resilience and suggesting that perhaps its latest drop below that level was something of a fluke, and yet there are some analysts out there that are rejecting the notion of short-term gains and saying only hodlers should buy bitcoin right now.Maybe We Shouldn’t Buy At This TimeHodling is the process of holding bitcoin or any cryptocurrency no matter what. Whether the price goes up or the price goes down, it doesn’t...

CoinShares CEO Bullish On Bitcoin There are five key data points that are positive in our view, many of which we covered in detail in our November 2019 Crypto Trends report, and continue to cover in our ongoing research. #1 The number of active wallets continues to increase. 10% of these wallets hold at least 1,000 dollars of bitcoin (and 27% hold at least 100 dollars of bitcoin), indicating that a greater number of people are starting to...

Bitcoin is continuing to exhibit heavy volatility this week. Early in the morning yesterday, the currency rose briefly past the $9,000 range once again, though at press time, the currency has fallen back down to about $8,700, suggesting this sudden jump hasn’t lasted.Bitcoin Has a Brief Moment in the SunBitcoin had been flirting with $10K for most of last week, trading in the extremely high $9,000 range and eventually surpassing the $10,000 mark briefly towards the end of the seven-day...

The bitcoin crash that occurred roughly 24 hours ago has caused Coinbase – a popular cryptocurrency exchange – to experience a brief period of inactivity before finally restoring its services later in the day.Coinbase Crashes for the Second Time in WeeksThis marks the second time the trading platform has crashed in the last two weeks. The first occurred when bitcoin first rose into the high $9,000 range and gained virtually $1,000 overnight. At that time, the exchange was experiencing such...