Tag Archives: Bitcoin

Bitcoin has surged as of late, but according to many experts and analysts, now is not the time to buy.Some Analysts Say “Stay Away” from BitcoinThe sentiment is that the current jumps aren’t going to last, and that there is only a seven percent chance that the asset will again reach its all-time high of nearly $20,000 this year, according to many options markets. Gavin Smith – chief executive of crypto firm Panxora – explained in an interview:Our view for the balance of 2020 is still high...

Bitcoin price rallied more than 15% and it broke the $11,000 resistance zone.A new monthly high is formed near $11,412 and the price is consolidating above $10,500.There is a short-term contracting triangle forming with support near $10,800 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair might correct lower in the short-term, but dips remain well supported near $10,300.Bitcoin price is trading in a strong uptrend above $10,500 against the US Dollar. BTC could...

The big news today is that bitcoin is just shy of hitting the $11,000 mark, but now that the world’s number cryptocurrency by market cap is on a fresh high, many altcoins are beginning to retrace their steps and fall to lower numbers.Altcoins Are Hitting Fresh Lows as BTC RisesAt the time of writing, several of the crypto space’s leading altcoins are up against the U.S. dollar, but down when compared with bitcoin. Ripple (XRP), for example, is the world’s third-largest cryptocurrency by...

Canadian crypto mining firm Bit Farms is swamped with high-interest debt.How Will Bit Farms Pay Everything Off?The company has been struggling to pay off much of what it owes. Straddled with declining revenue, the company is scheduled to pay more than $20 million by the time 2021 rings in, which means the venture could be in a heap of trouble.The mining industry has been treated very poorly over the past several months largely due to the coronavirus pandemic that has been spreading across the...

Bitcoin has done it. The world’s number one digital currency by market cap has surged beyond the $10,000 mark and is now trading for an impressive $10,800, noting an 11 percent jump over the past week alone.Bitcoin Shoots Beyond $10,000Why, suddenly? What could cause the currency to shoot up so fast, and what is in place that would allow bitcoin to potentially keep its current price position? It’s not like bitcoin hasn’t crossed the $10K threshold throughout 2019, and yet so far, the jumps...

Bitcoin and cryptocurrency seem to have a knack for getting involved in criminal agendas, and the situation at hand doesn’t appear any different. It is being reported that the son of former Nissan Motor Company Chairman Carlos Ghosn wired several bitcoins to men who potentially helped his father escape justice while in Japan.Carlos Ghosn Has Potentially Escaped JusticeAs much as $500,000 in BTC payments were sent to one of two men in Massachusetts. Both are accused of assisting Carlos Ghosn...

One source is reporting that bitcoin – the world’s number one cryptocurrency – is “floundering,” and that other smaller altcoins – such as Ethereum, Stellar and Cardano – are all way up at the time of writing, with some of these currencies having doubled their prices in just the last few months alone.Ethereum and Cardano Are Two High-Ranking CoinsFirst off, it would be inaccurate to claim that bitcoin is “floundering.” BTC is presently trading for just under $10,000 again, and should it...

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...

Charles Edwards – the digital asset manager at Capriole – says the price of bitcoin could easily shoot up to $20,000 if U.S. banks put in at least one percent of their assets into crypto.Charles Edwards: Banks Can Make BTC Hit $20,000This may be asking much from banks, but one percent, for the most part, isn’t much, and it looks like interest in bitcoin has been increasing over the past several months between both retailers and institutional players alike, so perhaps the figure he’s...

It looks like payment companies such as Visa, Mastercard and PayPal are singing a different – and more positive – tune when it comes to cryptocurrencies.Companies Like Visa Are Having a Change of HeartIn the past, said companies and cryptocurrencies haven’t always gotten along. The reasons are wide and varied, with a big one being that many digital assets have not earned the trust that other payment platforms have received. For example, credits cards have arguably proven themselves over the...