Tag Archives: Bitcoin

Bitcoin is jumping back to last week’s territory.Bitcoin Is Once Again Surging UpThe world’s number one cryptocurrency by market cap gave everyone a bit of a freak out over the past few days when it fell from the $10,000 ranged it had so prominently reached to about $9,600, dropping by about $800 in just a matter of days. Many wondered if the rally was at an end, and bitcoin was about to be overtaken by bearish activity.This doesn’t seem to be the case, as the currency has suddenly jumped...

Bitcoin price corrected lower and tested the $9,500 support area against the US Dollar.The price is back in a positive zone and it recently rallied above the $10,000 resistance.There was a break above a major bearish trend line with resistance near $10,040 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to continue higher towards $10,500 and $11,000 in the near term.Bitcoin price is back in a positive zone above $10,000 against the US Dollar. BTC is...

Bitcoin has dropped approximately $800 over the past week, and many are starting to wonder if the currency has lost its momentum.Could Bitcoin Be Manipulated Again?For the past several days, bitcoin has been trading below the $10,000 range. It’s unclear, specifically, what could be causing the currency to lose its footing. Perhaps fears of the coronavirus are settling down. Perhaps the cryptocurrency has lost some popularity. In any case, Changpeng Zhao – the CEO of Binance in Malta – states...

Bitcoin is down another $200 at press time, meaning it’s fallen by about $600 over the past 48 hours. What could be going on that we’re not seeing?Bitcoin Is Set to Become More RegulatedIt could be that bitcoin and other cryptocurrencies are reacting to the news that more legislation is heading their way. This week, Treasury secretary Steven Mnuchin explained that hardcore regulations are about to hit the cryptocurrency arena very soon, and while they’re eager to allow cryptocurrency trading...

A cryptocurrency investor is telling the rest of the trading world that bitcoin could be headed for a downhill slope if things ease up in China. Omer Ozden – the CEO of Rock Tree Capital – claims that if problems like the coronavirus calm down, we’re likely to see less trading activity in the coming months.Omer Ozden: If the Virus Goes, Crypto Trading Could GoThe coronavirus has been running through areas like China for the past several weeks. Over 1,000 deaths have been recorded, and the...

Crypto investor Mike Novogratz says that big things will happen for bitcoin this year.Mike Novogratz: BTC Will Hit a New All-Time HighIn a recent interview with CNBC, he commented that the currency could exit 2020 having hit a new all-time high. The previous record for bitcoin is just shy of $20,000, which the world’s number one cryptocurrency by market cap reached at the end of 2017. He’s confident that in approximately ten months, the currency will strike an even higher range.He...

Uh-oh. Is bitcoin suddenly beginning to lose its momentum?Could Bitcoin Be Heading for Oblivion?The world’s number one cryptocurrency by market cap has started the day off at just over $9,900. This means that the currency has dropped by more than $400 over the past 24 hours. It’s got a lot of people worried considering just how well bitcoin has been doing for the past week.Not long ago, BTC jumped beyond the $10,000 mark. Many believed that this was a sign of great things to come – that...

The Reddit r/bitcoin forum doesn’t seem to be mentioning the bitcoin price much, these days.Reddit Isn’t Helping BTC Much, AnymoreThe bitcoin subreddit has come a long way since 2013. At the time of writing, it’s up to 1.3 million subscribers, which is more than double than the numbers seen during the time of bitcoin’s 2017 all-time high.Nic Carter – a partner at Castle Island Ventures – asked a few years ago on Twitter:Does anyone else remember the ‘bitcoin: magic internet money’ MS Paint ad...

Why does everyone at Berkshire Hathaway have to hate cryptocurrency and bitcoin so much? It can’t just be reserved to figures like Warren Buffett; it also needs to include every executive like Charlie Munger.Munger Is No Stranger to Hating BTCMunger is the vice chairman of the hedge fund Berkshire Hathaway. Munger has bashed BTC before, and it looks like he’s back to his same old tricks. In a recent interview, he comments:I hate things like bitcoin. I hat things that are intrinsically...

As we’ve all seen over the past month or two, bitcoin has completely revamped itself and is now trading for well above the $10,000 range. Many people attribute this spike to many things, but one individual believes hype surrounding Libra has a lot to do with bitcoin’s recent good fortune.Libra Could Be Behind Bitcoin’s Sudden SurgeTo be completely fair, it’s not necessarily Libra itself, but rather words regarding Libra that have led to bitcoin’s growth. Vijay Ayyar – head of business...