Tag Archives: Bitcoin

As bitcoin hits its worst price week in a long time, some analysts are backing away from their previous predictions regarding how well bitcoin could do by the end of the year. Tom Lee, for example, has recently commented that it’s a very bad time to be trading bitcoin, but others, like John McAfee, are refusing to get off the high horse.John McAfee: $1 Million for BTC Is Still PossibleHaving recently announced his run for presidential office in 2020, McAfee is no stranger to controversy. His...

Hut 8 is a company that claims to be a new kind of mining firm. As bitcoin’s price crashes this week, some have taken notice of the increased hash rate in the bitcoin mining arena, and some are very curious how new companies are looking to extract new coins.Hut 8: New Ways to Access CoinsAccording to Andrew Kiguel, the CEO of Hut 8, the company’s name is taken from a project led by Alan Turing, a British mathematician who broke the Nazis’ enigma code during WWII. In a recent interview, he...

At press time, the number one cryptocurrency by market cap – bitcoin – has fallen below the $8,000 mark yet again and is currently trading at approximately $7,950.Bitcoin: It’s Ugliest Week in a Long TimeThe currency has had a rather ugly week, falling by more than 22 percent in just a matter of days. The trouble started last Wednesday when the currency dropped from the mid-$9,000 range to about $8,100 in just a matter of minutes. From there, the currency struggled to pick itself back up,...

Litecoin, the sixth-largest cryptocurrency by market cap, has had something of a rough week, and is experiencing up-and-down behavior like nobody’s business.Litecoin Is Attached to Bitcoin’s HipTo be fair, Litecoin isn’t alone in its present dilemma. Bitcoin, for example, is currently trading in the $8,100 range – roughly $2,000 less than where it was when last week ended. Ethereum is also down for the count, trading at around $168 at press time from last week’s “high” of $190.Litecoin,...

When it comes to bitcoin, most analysts seem split right down the middle, with some like Warren Buffett telling us to avoid it all costs, and hedge fund manager Mark Yusko telling us to buy it at all costs. Yusko: BTC Is an Important AssetIn a recent interview with CNBC, the CEO of Morgan Creek Capital told his listeners to “buy it” when it came to bitcoin and said that we should not be thinking about the recent price drops. He said that while all assets will fluctuate, bitcoin is still in...

If you think bitcoin is having a hard time this week, talk to Mark Zuckerberg about Libra and you’ll probably think bitcoin isn’t doing so bad. Libra Encounters More DelaysAt press time, bitcoin is trading for just under $7,900, meaning it’s crashed even harder over the past 24 hours. Marcus Swanepoel, the chief trader of bitcoin and its crypto cousins at Luno, says that this behavior is pretty much affecting every major cryptocurrency on the market, and that the trends are not specifically...

Well, well… The truth has come out. Despite Venezuela pushing for Petro adoption and allegedly threatening cryptocurrency miners, the country seems to have its own private stash of both bitcoin and Ethereum – and it has no idea what to do with it. Venezuela and Crypto: A Strange MixVenezuela has had a strange relationship with cryptocurrency. The country initially began pushing for widespread use of the Petro beginning in February 2018. The currency is allegedly backed by the country’s many...

Tom Lee of Fundstrat fame is back in the news, and he’s being very serious when he says the S&P needs to experience a breakout if bitcoin is going to gain its momentum back. Tom Lee: If BTC Is to Do Well, the S&P Must Do WellLee has commented about this in the past. He’s convinced that BTC and the S&P share some very strong ties, and when one drops, the other is sure to follow. As of late, there appears to be a hint of truth to what he’s saying in that as the stock market has...

Is bitcoin being manipulated again? Bitcoin: the Target of More Tricks?In 2018, a report issued by John Griffin, a finance professor at the University of Texas, showed that the currency was potentially being manipulated by tether during the previous year. It’s price spiked the way it did because people who owned tether would repeatedly use that currency to buy bitcoin, thereby pushing its price higher whenever BTC fell by even the slightest margin.This is what tied bitcoin to the U.S. dollar....

With bitcoin’s recent fall into the $8,000 range it appears the currency has an unlikely friend… Wall Street. What Wall Street Is Doing for BTCThat’s right. The arena of big banks and stock players is working hard to develop ways for bitcoin to avoid volatility. As of late, many reports have emerged stating that the currency is experiencing its lowest volatility in months. That all changed yesterday when it seemingly lost more than $1,000 in value in just a matter of minutes, but prior, the...