Tag Archives: Bitcoin

Bitcoin is doing extremely well at press time, but many analysts are warning traders not to get too comfy just yet.We Need to Keep an Eye On BitcoinAs we all know perfectly well by now, bitcoin has proven to be one of the world’s most volatile assets. It can spike to unprecedented levels just as quickly and easily as it can drop. We’re witnessing this behavior all over again as of late. The currency – after falling into the high $3,000 range just under two months ago – is now trading at...

Bitcoin has been on a serious roll this month. It just struck the $9,000 mark for the third time over the past few weeks, and it’s now trading beyond $9,500.Bitcoin is the Finance World’s Head HonchoAccording to a new report, bitcoin has outperformed most other assets, including gold and stocks. This is extra special news considering gold is often considered a “safe haven” asset. In times of economic strife, gold is known to remain as it is when it comes to price, and should it ever fall,...

The upcoming bitcoin halving is like a New Year’s Eve celebration for most crypto enthusiasts… Literally.The Bitcoin Halving Is a Big EventApparently, there will be a countdown that starts on May 11 – the day before the event is set to occur – and then things end just after midnight, as by then, the halving will have taken place and block rewards will have been reduced from the present 12.5 BTC to 6.25.Whether people engaged in the countdown wear party hats and drink champagne is up for...

Virus software mogul John McAfee thinks he’s figured out who Satoshi Nakamoto is, but he’s not telling a soul.McAfee: I Know Who Built BTCSatoshi Nakamoto is the pseudonym given to the person who allegedly designed bitcoin and wrote its whitepaper back in 2008. The currency came about during the time of the Great Recession and was designed to alleviate some of the heavy economic strife the world was seeing at the time. Bitcoin would potentially put financial power back in the hands of the...

Analysts are going crazy thinking about what May 12’s bitcoin halving will bring to the table. Another bunch of analysts have rung in with crazy predictions, and some believe the currency will extend beyond the all-time high it reached in late 2017.The Halving Will Take BTC to New LevelsThree years ago, bitcoin was on a rally unlike anything traders had ever seen. Each month brought on new gains of hundreds to thousands of dollars, and by the end of the year, the currency was trading for...

A company has released a new token that allows people to earn gains whenever bitcoin falls. The company is a Swiss blockchain enterprise known as Amun, and it seeks to provide customers a chance to earn money whenever bitcoin undergoes “inverse price movements.”Amun Has Released an Interesting Token ProductThe token is based on an exchange-traded product (ETP) that was released by Amun back in January. In an announcement, the company explains:Typically, these purchases are short-term in...

Ripple is facing a heavy bout of trouble. The company has had another lawsuit filed against it by a company that virtually no one in the cryptocurrency community has heard of.Ripple Is Facing More Legal TroubleThe crypto firm is currently facing another class-action lawsuit from the likes of Bitcoin Manipulation Abatement LLC. The case was filed on May 1 in a U.S. federal district court against both Ripple and its CEO Brad Garlinghouse. Documents pertaining to the case alleged that...

Bitcoin price is currently consolidating gains above the $8,520 pivot level against the US Dollar.It is currently facing a major resistance near the $9,100 and $9,200 levels.There is a major contracting triangle forming with resistance near $9,110 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could start a strong rally if there is a clear break above $9,100 and $9,200.Bitcoin price is showing bullish signs above $8,800 and $8,520 against the US Dollar. BTC is...

Bitcoin is on the rise, and according to new evidence, the reason may be due to increased buying on cryptocurrency exchanges like Coinbase.Coinbase Is Bursting with BTC TradesBitcoin is trading for just shy of $8,900, though last week, it briefly shot up to the mid-$9,000 range. While originally it was believed that buying activity had increased on derivatives platforms, some analysts believe purchases on spot crypto exchanges may be the real “culprit” behind bitcoin’s meteoric...

Uh oh. Is Tether behind bitcoin’s latest surge?Tether Is At It AgainOver the years, rumors have swelled that Tether has been tied to bitcoin as a way of boosting its price. University of Texas finance professor John Griffin has put out reports in the past suggesting that the 2017 bitcoin burst we all witnessed was actually caused by traders using Tether – a controversial stable currency – to purchase bitcoin whenever it’s price went down.Stable coins are those supported by fiat currencies,...