At the time of writing, bitcoin – the world’s number one cryptocurrency by market cap – has shot up to just under $9,900. About $100 more to go and bitcoin will have again struck the $10,000 mark this year.The Bitcoin Price is ExplodingIt’s hard to say whether the asset – should it hit the five-figure range – will remain above $10,000 for the rest of the year. To be perfectly fair, the jump to $10K has been relatively slow and steady this time around, and it’s taken much of last week to hit...
Read More »Is Bitcoin Getting Ready for a Massive Price Surge?
It looks like interest in bitcoin may be on the lower end of the spectrum, which is likely giving the world’s number one digital currency by market cap an opportunity to edge its way into bullish territory according to some analysts.Affection for Bitcoin Appears to Be SlippingThe third bitcoin halving took place during the first half of May, and despite all the hype and hoopla surrounding the event, it really didn’t amount to much. In fact, more occurred during the actual leadup of the event...
Read More »Opinion: Bitcoin Has Shown Great Resilience Following Twitter Hack
Bitcoin has reached something of a pinnacle in its short, yet significant existence. Recently, the currency was put to the test through a Twitter hack that saw the overtaking of some of the highest-ranking social media accounts to lure unsuspecting victims into a digital trap, and yet despite everything that’s happened, the currency is remaining strong and resilient.Bitcoin Has Grown in Strength Despite Twitter FiascoThe Twitter hack saw the likes of former president Barack Obama, Joe Biden,...
Read More »Bitcoin Is Moving Back Up Following Low Volatility
It looks like bitcoin is finally starting to gain some of its previous momentum back.Bitcoin Is Again Reaching for the StarsOver the past few weeks, the world’s number one cryptocurrency by market cap had been struggling to move beyond the low $9,000 mark. The currency traded anywhere between $9,000 and $9,140, though after a surge during yesterday’s early morning hours, it looks like the currency is having no problem remaining in the high $9,200 window.According to some analysts, the...
Read More »Will This Year’s Third Quarter Be Negative for Bitcoin?
Bitcoin has remained relatively stable over the past few weeks, but according to Emmanuel Goh – co-founder and CEO of crypto data analytics company Skew – the currency is entering the third quarter, which means its volatility could potentially increase very soon.Bitcoin Doesn’t Experience Good Things in Third QuartersGoh suggests that in the past, third quarters have typically led to lowered prices for both bitcoin and its altcoin cousins. In an interview, he states of the 2020 second...
Read More »Willy Woo: The Bitcoin Price Will Spike Again in July
Bitcoin has been losing about $100 a day over the past several days.Bitcoin Has Been Dropping Rather SteadilyAt the time of writing, the world’s number one cryptocurrency by market cap has seemingly fallen to just over the $9,000 mark and is trading for about $9,040. Yesterday, it was trading for about $9,140, and before that, over $9,200. The currency has been trapped in a slow-moving bear pattern that has caused it to lose a little bit with each 24-hour cycle.And yet, according to analysts...
Read More »Tone Vays: Don’t Expect BTC to Hit $10K Again This Year
Bitcoin has had a relatively shaky year in many ways, and according to analysts like Tone Vays, things are not going to go great during the rest of the year.Tone Vays: BTC Won’t Hit $10K Again This YearVays recently took to social media to explain that bitcoin is not going to hit the $10,000 mark again until 2021 comes along. In fact, the cryptocurrency could even face falling as low as $6,000 before any major moves come about. During a YouTube live stream, Vays commented:Like I’ve been...
Read More »Analysts: Bitcoin Needs to Move Beyond $10K for Something Big to Happen
As of late, bitcoin appears to be doing rather well for itself. The currency recently rose to the $9,600 mark, meaning that it’s surpassed present resistance and gained more than $300 in roughly 48 hours. However, according to some analysts, bitcoin is still in a position of heavy struggle, and not doing as well as it seems.Bitcoin Is Still StrugglingWhile the asset has indeed risen beyond what analysts originally thought it was capable of, many agree that the currency hasn’t “broken out.”...
Read More »The Bitcoin Price May Not Achieve Anything Big By the End of the Year
We’re already halfway through the year and while bitcoin has done relatively well – having shot back up into the $9,000 range since March – the currency still has a way to go if it’s going to reach some of the end-of-year predictions that analysts have set for it.Bitcoin May Not Reach an End-of-Year High2020 was the year of the highly anticipated third halving, and for many analysts, this was the year in which bitcoin would potentially reach its all-time high again of nearly $20,000. However,...
Read More »Bitcoin Spikes Again Causing Newfound Interest Amongst Analysts
Bitcoin has been up and down these last few days, but many major investors are not worried, and several of them believe that the currency is on its way to new heights.Bitcoin Is Showing Signs of RecoveryAt the time of writing, the world’s number one digital currency by market cap has shot up to $9,500 again – a solid rise from yesterday’s 9,000 (a new low accomplished during the early morning). By yesterday’s mid-afternoon, the digital asset saw itself trading at roughly $9,400 again, meaning...
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