Tag Archives: Bitcoin

Bitcoin has suffered its worst month since the “burst of the crypto bubble,” according to one source.Bitcoin Has Had a Hard MonthAt press time, the world’s number one cryptocurrency by market cap has fallen to about $6,450, which is about $250 less than where it stood just last Friday. During that time, bitcoin was giving enthusiasts hope as it rose in anticipation of the new $2 trillion economic stimulus package signed into law by U.S. President Donald Trump as a means of combatting negative...

The argument continues over whether bitcoin and stocks are correlated. Some say they are, while others say that the crypto industry follows a path all its own.So, Do Stocks and Bitcoin Follow Each Other?At the time of writing, the stock market (Dow Jones) has spiked another 100 points, while crypto, for the most part, remains somewhere in the middle. Over the last day or two, we’ve seen many digital assets incur small spikes, while others have taken a few steps back.Bitcoin, for example, was...

The bitcoin mining arena is being heavily impacted by the coronavirus. Among the biggest firms being hit is the Nasdaq-listed Riot Blockchain, which recently submitted a report explaining that the global pandemic is taking a massive toll on its operations.Riot Blockchain Is the Latest CasualtyIn the report, the mining firm explains two major factors under the headline “general risk” that it feels are particularly dangerous to its operations. For one thing, many workers have been forced to...

Bitcoin price is currently struggling to clear the $6,500 and $6,600 resistance levels against the US Dollar.There are a few key supports forming, starting with $6,120 and $6,080.There is a key contracting triangle forming with resistance near $6,500 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could correct a few points, but it is likely to bounce back from $6,120 or $6,000.Bitcoin price is trading in a broad range above $6,000 against the US Dollar. BTC could...

The cryptocurrency world is wrought with fraud, theft and other malicious activities, and companies like Crypto Garage are looking to change that.Crypto Garage Wants Bitcoin to Be Safe for AllThe enterprise – which is unveiling a new string of tools designed to build the cryptocurrency industry’s levels of transparency, decentralization and safety – believes that bitcoin is the king of digital assets, and is looking to establish all its upcoming products on the bitcoin blockchain. In a...

The digital dollar was recently cast out of the United States’ $2 trillion economic stimulus package designed to boost the country’s infrastructure following damage caused by the coronavirus.The Digital Dollar Could Have Done So MuchMany analysts agree that the notion of a digital dollar would likely be of great aid to bitcoin and the crypto industry, and that regulators initially missed a huge opportunity to support one of the finance world’s biggest tools.While the idea of digital dollar...

A series of allegedly fake sites built to generate QR codes have stolen bitcoin from unsuspecting users.Fake QR Codes Designed to Steal BitcoinThe total amount of money stolen exceeds $45,000, all of which has been taken over the last four weeks. It’s an unfortunate fact that so much has been stolen when bitcoin has lost so much of its value. Traders have enough to worry about with the economic problems occurring that are bringing bitcoin’s price and status down. Now that so many investors...

At the time of writing, bitcoin – the world’s number one cryptocurrency by market cap – has fallen an additional $200 and is now trading for just over $6,000.Bitcoin Has Dropped Another $200This means the currency has lost about $700 in just a few days. At the end of last week, the asset had reached a solid price of about $6,700 – a nice throwback to where it had been before all this crazy coronavirus panic. While this was still more than $3,000 less than its February high point, bitcoin...

Darn it, bitcoin was doing so well as of late! Now it looks like the world’s number one cryptocurrency by market cap has taken another nosedive.Bitcoin Has Fallen Into Oblivion… AgainAt the time of writing, bitcoin has fallen by roughly $500 in the past 24 hours. Just yesterday, the currency was trading as high as $6,700, but now it has seemingly fallen to as low as $6,250. That’s a slip of roughly seven percent. What could have caused such a dramatic fall in such a short period?While it’s...

It’s been reported by some analysts that bitcoin demand is likely to go up in the coming weeks due to the current economic and market conditions, though some sources claim the opposite, and believe there will be a stronger desire for traditional financial services and institutions.Some Want Tradition Over BitcoinDuring the last few weeks, several traders sold off their bitcoin and crypto stashes along with their stocks, metals and other assets as a means of attaining cash. During times of...