Tag Archives: Cryptocurrency News

The bitcoin price (BTC) has dropped below a key support level in $8,000 and entered the $7,000 region for the first time since June amid a fierce sell-off in the cryptocurrency market.In an extended correction, the bitcoin price (BTC) dropped to $7,850 following a 15% drop in a steep cryptocurrency market sell-off. | Source: coinmarketcap.comOver the past five days, the bitcoin price has fallen from $10,100 to $7,850 in a 22 percent pullback against the U.S. dollar in arguably the steepest...

Bitcoin has been in the spotlight this week largely due to two unfavorable developments. The first one is the underwhelming Bakkt launch that failed to impress the cryptocurrency community. Second, the largest cryptocurrency finally broke down from a descending triangle after months of consolidation, prompting calls for a bearish dump to $4,000 or even lower.Big bitcoin bear calling for a deep dive after the bearish breakdown. | Source: TwitterRegardless of these events, bitcoin’s...

Anyone expecting a new record high bitcoin price by the end of the year is likely to be disappointed.Based on the previous cycles of BTC price activity, we probably won’t see bitcoin smash back through $20,000 before at least May 2020. The reason is simple:Bitcoin has never recaptured an all-time high before a halving eventLook at the Coin Metrics chart below, marked with the halving every four years, edited by CCN to mark the price at each event. In the last two cycles, BTC has failed to...

Following a rousing presentation from David Marcus - the head of Facebook's Libra - Coinbase CEO Brian Armstrong has come out in support of the developing cryptocurrency.Libra is often depicted as a pretty divisive and maligned project. It's not shocking to think that a cryptocurrency with plans of financial domination - emanating from a company with a checkered past of privacy problems - has regulators and citizens up in arms. Nonetheless, Libra now has at least one supporter, Coinbase's CEO...

Sometimes it’s good to remind ourselves how far crypto has come. Central bankers are now being forced to publicly defend the dollar as the global reserve currency against the rise of cryptocurrency.Fed official defends the dollar from Carney’s crypto threatLast month, Bank of England Governor Mark Carney argued the case for a Libra-esque cryptocurrency to replace the dollar as the world’s reserve currency.His words triggered former Federal Reserve official Simon Potter, who was forced to...

Among the top 10 crypto by market capitalization, Stellar (XLM) is leading the pack of gainers having appreciated by nearly 10% in the last 24 hours. This coincides with an announcement by Coinbase Pro listing the cryptocurrency in New York.Stellar (XLM) recovers from yearly lowAfter falling against the U.S. dollar to a yearly low of $0.052 earlier this week, Stellar has now recovered to $0.0603 after posting gains of 9.22% on Thursday.Stellar Lumens price chart | Source: CoinmarketcapThe...

The bitcoin price (BTC) has fallen by more than 15 percent in the past three days but traders see a bottom further down below.The bitcoin price (BTC) abruptly dropped by 15 percent and traders anticipate a deeper pullback (source: coinmarketcap.com)Many traders anticipated the bitcoin price to briefly recover to the $9,000 region which has turned into resistance following the steep drop of BTC. Bitcoin is still hovering at $8,400, struggling to rebound to key resistance levels.Where are the...

Mark Zuckerberg, the co-creator and CEO of Facebook, a $521 billion tech conglomerate, has said in an interview that the team is “really focused” on launching its crypto project Libra - and doing it right.Speaking to Nikkei, Zuckerberg said:"A lot of people have had questions and concerns, and we're committed to making sure that we work through all of those before moving forward. Obviously we want to move forward at some point soon [and] not have this take many years to roll out. But right...

Cryptocurrency prices wavered on Wednesday following the biggest 24-hour devaluation in months, leaving little guarantee of a swift recovery in the near term.For Ethereum (ETH), the grind lower has been much more extreme when valued against bitcoin (BTC). While the ETH/BTC exchange rate has been in recovery throughout September, the year-to-date picture is grim. How ether performs relative to the 'king of cryptocurrencies' offers eye-opening insights into the broader altcoin market.Crypto...

Binance U.S. launched yesterday, Sept. 24. To celebrate the highly anticipated event in the crypto community, Binance offered some freebies and discounts such as zero fees until Nov. 1 and free Binance hoodies. Also, BNB fee discounts, as well as commission-based referrals, will kick-in on Nov. 1 after the zero trading fee campaign concludes.Binance putting the pedal to the metal on launch day. | Source: TwitterUnfortunately, the launch did not go without a hitch. Many users experienced some...