Tag Archives: Bitcoin

Well, after yesterday’s crypto bloodbath, probably the biggest thing enthusiasts and traders are asking themselves is, “What the heck could have made bitcoin and its altcoin cousins fall so badly like that?”Bitcoin and Crypto Falls HeavilyBitcoin, with virtually no signs whatsoever, lost more than $1,000 in just a matter of minutes, falling from about $9,480 at this time yesterday to roughly $8,110. By the mid-afternoon, the currency had jumped back up to $8,600, but at press time, it has...

Bitcoin price is down roughly 10% and it broke the key $9,000 support against the US Dollar.The price is currently consolidating losses below $9,000 and it could continue to slide.There was a break below a crucial breakout pattern with support near $10,140 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to break the $8,150 and $8,000 support levels to extend its decline in the near term.Bitcoin price is back in a downtrend below $9,000 against the US...

At press time, bitcoin is at its lowest trading point in several weeks and is presently sitting at just over $9,500. This marks the first time since August that the currency has fallen below $10,000. It also marks a fall of about $700 in just the last couple days.Bitcoin and Its Crypto Cousins Ain’t Doing So HotBitcoin, as analysts claim, has been experiencing lesser volatility over the past few months, but when movements like this occur, it’s hard to take these words as pure fact. If that...

Patrick Byrne, the former chief executive of Overstock.com who sent shockwaves through the blockchain community not too long ago when he resigned from his post, has decided to sell all his company shares – worth roughly $90 million before taxes – and commit all his money to crypto and precious metals. Byrne Is Getting Ready for a Financial BreakdownByrne comments that he’s ready to go to war with the “deep state” and its “pet” the Securities and Exchange Commission (SEC).In 2014, Byrne was...

At press time, bitcoin is trading for about $10,169. The currency has gone through some very strange behavior over the past 24 hours, falling below the $10,000 range to $9,600, only to jump back up again and reach the spot where it stood before. Perhaps the remark that the currency is at its lowest volatility levels since last May has some truth to it, or maybe it has something to do with Bakkt.Bakkt Is About to Emerge One of the big questions running through investors’ and analysts’ minds is...

Crypto podcaster Peter McCormack has been offering the show “What Bitcoin Did” to listeners for the past two years. The program is doing quite well, having garnered more than $29,000 in income and more than 200,000 downloads last August alone, but McCormack says that his journey towards success has been a rough one.McCormack: Here’s What Makes a Good PodcastIn a recent interview, McCormack says what his job schedule typically requires: I work like 80 hours a week. I’ve flown all around the...

Jay Clayton, the Securities and Exchange Commission (SEC) chairman, doesn’t think bitcoin will ever be traded on a major exchange… That is, until serious regulation comes along. Without regulation, BTC, in his mind, will never achieve the mainstream status it so desperately longs for. Clayton: We Need More Rules for BTCAt press time, bitcoin’s primary attempt to become “legit” has suddenly dissipated, with CBOE, VanEck and Solid X withdrawing their bitcoin exchange-traded fund (ETF) from the...

If you thought bitcoin wasn’t doing well as of late, just look at some of its main competitors, specifically Stellar. The currency has fallen greatly since it peaked in early 2018, but then jumped back up during today’s early morning hours – only to drop back down a few moments later.Stellar Is Flailing at Press TimeIt’s another classic case of a cryptocurrency that doesn’t seem to know what it wants to do. Bitcoin enthusiasts have been seeing this quite a bit over the past few months....

Bitcoin price is trading in a minor downtrend below the $10,500 resistance against the US Dollar.The price is holding a couple of important supports near the $10,150 and $9,880 levels.There is a crucial breakout pattern forming with resistance near $10,320 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could either rally sharply above $10,350 or it could extend its decline to $9,880 and $9,750.Bitcoin price is trading in a contracting range above $10,000 against...

At press time, you may not think bitcoin is doing much… And you’d be right. In fact, the currency has barely swung at all over the past 1-2 weeks and has largely remained between $10,100 and $10,300. Volatility Has Dropped for BitcoinThis is because the currency has reached its lowest level of volatility since May of this year. This is a bit of a downer given that the currency isn’t spiking the way it was last April through July, but it’s also somewhat of a blessing. Those of us truly...