Tag Archives: Bitcoin

Bitcoin price is trading nicely above the $6,400 and $6,220 support levels against the US Dollar.It is facing a major hurdle on the upside near the $6,840 and $7,000 levels.There is a major contracting triangle forming with resistance near $6,820 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 remain well supported near $6,400 and $6,300.Bitcoin price is trading in a positive zone above the $6,400 level against the US...

Some claim that bitcoin’s price can be predicted, while others say they know when bitcoin will go up and down. Is any of this truly possible?Can We Ever Know What Bitcoin Will Do?Bitcoin – the world’s number one digital currency by market cap – reached a 2020 high last month when it jumped past the $10,300 mark, though at press time, the currency is struggling in the mid-$6,000 range. While this is ultimately an improvement over where it was just two weeks ago, there is still a lot of room...

The coronavirus has spread to several countries across all major continents in the past few months. Thus far, more then 300,000 cases have been reported while the death toll exceeds 14,000.Bitcoin Will Battle the CoronavirusMany non-profit organizations and similar ventures are looking to donate their time, energy and resources towards battling the pandemic and assisting those who have succumbed to it, and for crypto holders, the time to ensure these companies get what they need is...

Several banks and digital platforms such as TaketheCoin.com are looking to help people out with crypto during these trifling times.TaketheCoin.com Looks to Revolutionize Crypto PaymentsThe coronavirus has caused several companies to close or cease operations until further notice. Restaurants, libraries, the world is being shuttered in as government leaders seek ways to combat this growing pandemic. They believe that the best way to stop the spread is to keep everyone and everything hunkered...

Batching bitcoin and cryptocurrency transactions together is nothing new. In fact, Live Bitcoin News recently reported that Coinbase was beginning to batch bitcoin payments together as a means of protecting its blockchain from problems related to traffic congestion and high fees.Batching Is Starting to Garner New MeaningHowever, some are beginning to look at the process of batching a little differently. They’re not necessarily seeking to commit malicious acts with crypto or to launder funds,...

It’s hard to know where bitcoin will go from here. While the last few days have been relatively positive in that bitcoin has spiked beyond the $6,000 line – more than $1,000 from where it stood previously – the currency still faces a very strange and unpredictable future given the amount of political uncertainty that exists due to the expanding coronavirus pandemic.Where Does Bitcoin Go From Here?In addition, the currency is set to undergo a halving in May that many analysts and enthusiasts...

The bitcoin and crypto markets are making stocks appear weak these last few days.Bitcoin and Stocks Aren’t That CorrelatedTo be fair, bitcoin has suffered a bit over the last 48 hours. Despite spiking as high as $6,800 about two days ago, the currency has since taken a bit of a tumble and fallen back to roughly $6,200 at the time of writing. However, it’s still doing miles better than the Dow and the S&P, both of which have fallen heavily since yesterday morning.The Dow, for example, has...

Russia is officially looking to ban the sale and issuance of cryptocurrencies.Russia Says “No” to CryptoThe country – continuing its love-hate relationship with digital currency – has warned that its pending bill seeking to ban crypto activity within the country’s borders stems from the ongoing panic caused by the coronavirus pandemic. Regulators say that now, more than ever, bitcoin and its altcoin cousins are showing their volatility to be extremely dangerous, and that it’s simply not safe...

Fundstrat Global Advisors, LLC – the same company responsible for giving the world Tom Lee and his sometimes outlandish and boisterous bitcoin price predictions – says that it’s likely going to take months for the world’s number one digital asset to recover from its recent falls.Fundstrat Is Predicting Gloom and Doom for BTCWhile the asset is once again above the $6,000 mark – a solid hike from last week’s dismal $4,900 – Fundstrat says that bitcoin is trading for about 40 percent less than...

It looks like bitcoin’s status as a “safe haven” asset is no longer being questioned. After weeks of people wondering whether bitcoin could sustain a person’s wealth during times of economic strife, the token is finally starting to earn a little bit of respect and attention.More Bitcoin Buying Opportunities Are EmergingMany banks and financial institutions abroad claim to be offering new methods of purchasing bitcoin and assorted cryptocurrencies to be added to users’ portfolios, and buying...