It’s finally reached the pinnacle, folks. After months of waiting, bitcoin has shot beyond the $9,000 mark and is now trading for an impressive $9,039 at press time.Bitcoin Is Firing on All CylindersWhile this is relatively small compared to where the world’s number one cryptocurrency has been in the past, it does represent a shift of sorts for BTC and solidifies the bull market that enthusiasts have been so excited about for the past few weeks.BTC initially slumped to the mid-$7,000 range...
Read More »Bitcoin Price Jumps to $9,400 Levels, Hits Its New 2020 and 3-Month High
Bitcoin continues with its upward momentum as the world’s largest cryptocurrency inches higher third-day in a row. In the late hours on Tuesday, January 28, the Bitcoin price surged close to $9400 levels.With today’s price surge, Bitcoin has added $2000 to its price since the start of this year 2020. In just the first 28 days of 2020, Bitcoin has given over 30% returns to its investors. At press time, Bitcoin is trading at a price of $9349 with a market cap of over $170 billion.Bitcoin’s...
Read More »Bitcoin Price: Bulls Press on Pause, Reaching Past $9,150 Level
Today Bitcoin price has reached the levels over $9,150. The coin moved within a strong bull trend and reached an intraday high of $9,164.Bitcoin managed to stay in the green zone, despite correction from a recent high on the level of $9,149. The market value fluctuates at a $9,128 level. After an increase of around 2% per day, Bitcoin’s prevailing daily trend is slightly bullish, while volatility levels suggest that further action will be prone to decline.Over the past few days, the bulls...
Read More »Coronavirus: Financial Market Shows Record Plunges as Epidemic Spreads
The global financial market is currently having a terrible time because of the coronavirus. Because there is no control of the virus just yet, the consequent uncertainty is having a terrible effect on the stock market and the global business sector. Yesterday, Coinspeaker reported a crash in global stock markets, specifically with futures on the Dow Jones, Nasdaq, and the S&P 500. A recent eToro note, however, shows that things might be a bit worse.Highlighting Coronavirus Effects on...
Read More »Bitcoin Price Breaks over $9,000 but Coronavirus Isn’t the Only Influencing Factor
As per reports from Forbes on January 27, 2020, Bitcoin (BTC), the world’s largest cryptocurrency experienced a 5% rise, briefly climbing as high as $9,142.80 per Bitcoin on the Luxembourg-based BitStamp exchange before slightly falling back afterward. At the moment of writing, Bitcoin price is $9,017. However, this price still demonstrates a more than 4% growth over the last 24 hours.Since Bitcoin enjoyed a tremendous boost in 2017, it has struggled to reach a similar height. The crypto is...
Read More »Bitcoin Beats Gold as Investors Turn to Crypto while Coronavirus Death Toll Rises to 107
The spread of the coronavirus in China has really shaken the world. On Tuesday, January 28, the Chinese authorities said that the coronavirus outbreak has infected over 4000 individuals with over 100 deaths registered.Moreover, the global markets have already reacted to this alarming situation as we saw global stock plunging on Monday. At this time, Bitcoin and other cryptocurrencies are showing upward movement. The Bitcoin price surged nearly 5% today climbing above $9000 levels.At press...
Read More »Bitcoin Fires Back, Adds $200 to Its Price
Well, here’s some good news for all the bitcoin hodlers. It looks like the world’s number one cryptocurrency by market cap is back on track and is trading at $8,500.Bitcoin Is Coming BackThis is a $200 price increase over the past 24 hours. After several spells of the old gloom and doom meandering through the space (what with Lunar New Year in China and what have you), it seems like all the soothsayers are licking their wounds a bit and hiding out in a cave somewhere before they say anything...
Read More »Twitter’s Jack Dorsey May Help Bitcoin Price Drive to $100,000
Engineers from Square Crypto want to build a product that will make LN integration easier for the wallet developers. Whether Lightning Network is a good scaling solution or not is defined by adoption rates. So far, it is used mostly by the exchanges and people directly supporting Bitcoin Core. However, Twitter CEO Jack Dorsey thinks that development (and adoption) must flow faster. His revolutionary solution is called Lightning Development Kit (LDK) and is a creation of Jack’s new company.It...
Read More »Bitcoin Halving Is Getting Closer Boosting People’s Interest, Will BTC Price Rise?
Set for 12 May 2020, the Bitcoin halving is just 105 days away. Bitcoin price is steady at 8K-9K level.However, we should note that the same figure was named last week. Despite the fact that time is going forward, the halving event is not getting closer according to popular countdowns. It may be evidence of the decreased hash rate.Arcane Research, a Norwegian Cryptocurrency analytics company, published a study showing the growing demand among people who search in Google for ‘bitcoin halving’....
Read More »Bitcoin Price Is Trapped in Narrow Ranges after Volatile Week
Bitcoin, which is the largest digital asset by market capitalization, settled past the price level at $8,600 after a pullback to a price level of $8,217 on January 24.At the hour of composing, the Bitcoin price was trending on the level at $8,712 mainly unaltered from the start of the day.The digital asset market on Monday showed a trend in the bullish bias triangle. The Saturday bears did not lead to much movement, and several altcoins moved away from support levels and attempted recovery....
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