Tag Archives: btcusd

Bitcoin’s price increased by about 22% over the past couple of weeks. Its gains were greater, but there was a sudden correction during the weekend.In any case, it’s safe to say that volatility is back in the market, and with it, the interest is also increasing. In fact, data from Glassnode shows that the number of unique addresses to appear on Bitcoin’s network for the first time are at their highest level since 2017.New BTC Addresses SurgeAccording to the popular cryptocurrency analysis firm...

The United States Department of Justice (DOJ) has filed a complaint against an alleged cryptocurrency Ponzi scheme to forfeit over $7 million in Bitcoin and Tether.The administrator of the scam called the “Banana Fund” has used some of the raised funds for personal benefits, including purchasing a house.DOJ Against Banana Fund Ponzi SchemeAccording to the official complaint, the administrator of the alleged scam marketed the company to potential investors as a platform for startups to post...

Forty-year-old Russian computer expert, Alexander Vinnik, allegedly supervised and operated a Russian cryptocurrency exchange called BTC-e from 2011 to 2017.The alleged fraudster is also wanted by Washington and Moscow, according to statements from his lawyer and recent reports.Extradition Tussle: France, Russia, and AmericaVinnik was arrested in Greece in 2017 at the request of the U.S. on suspicion of laundering as much as $4 billion through BTC-e. He was extradited from Greece to France in...

We have now entered into Bitcoin’s worst month in terms of historical performance. On average, the leading crypto crashes 14% during the month of August.That being said, BTC price action appears to be falling in a bullish reversal pattern that suggests a spike to $12,000. And this could happen very soon. The mentioned pattern is formed from Whale trader manipulation designed to shake out weak hands, before the price quickly retraces back to its former high.Let’s look into it in more...

The latest twist regarding the notorious Twitter hack from July indicated that the 17-year old alleged mastermind of the entire operation owns over $3 million worth of Bitcoin. Graham Ivan Clark faces 30 criminal charges, and his bail was set at $725,000.Twitter Hacker Owns $3.3M Worth Of BTCAs CryptoPotato reported in mid-July, unknown perpetrators gained access to numerous accounts of famous individuals and companies on the social media giant Twitter.Although they initially targeted popular...

Green dominates most of the cryptocurrency market with some impressive gains from Ripple, Tezos, and Chainlink as LINK even marked a fresh all-time high. Bitcoin’s unsuccessful attempt to conquer $11,500 has pushed the asset down to $11,300Altcoins Rejoice, LINK ATHSpeculations for а revived altcoin season emerged today as the majority of alts have increased their value in the past 24 hours. The second-largest cryptocurrency market continued its impressive 2020 summer with another 2%...

The price of Bitcoin reached a yearly high of above $12,000 yesterday, but it retraced heavily moments after. According to recent data, the correction was overdue since the number of daily active BTC addresses fell behind the price.Bitcoin’s DAA Impact The PriceDaily active addresses (DAA) provide a general idea of how many users utilize the network of a specific coin. According to a study compiled earlier this year, the number of DAA displayed a somewhat positive correlation with the price...

Although history is not a precise indicator for future price developments, a popular cryptocurrency analyst made a compelling forecast showing that if Bitcoin repeats its 2016-2017 bull run with the same percentage increases, it will end up at $430,000 in 2021.Bitcoin At $430,000?The primary cryptocurrency has built a reputation for beating unfavorable odds in the past. Its volatility is well-known among investors with some historical price surges and drops. According to the popular...

Following the wild weekend ride in the cryptocurrency market, the situation appears less volatile now, at least among most large-cap assets. Bitcoin has returned to $11,200, while Ethereum hovers above $380. Some lower-cap altcoins, however, are displaying high fluctuations again.A Breath Of Stability For BitcoinThe weekend was nothing short than volatile for the primary cryptocurrency. On Saturday, Bitcoin went on a bull run and marked a new yearly high of above $11,700. Although it retraced...

The last 24 hours have been nothing but volatile when it comes to Bitcoin’s price. The cryptocurrency went on a rollercoaster, surging above $12,000, dropping to $10,490, going back up and back down. In short – it’s been a wild few hours.Most interestingly, however, a user’s algorithm “went ballistic,” according to Changpeng Zhao, seemingly sending the price for the BTC/USD Quarterly Contract on Binance to $100,000.Bitcoin’s Price Going CrazyTo an outsider, the last few hours might seem like...