Tag Archives: News

No doubt bitcoin has been moving through hoops and tunnels since the coronavirus took hold of the global economy, but thanks to companies like Grayscale, it doesn’t look like the currency is about to lose its steam anytime soon.Grayscale Is One of Many Companies Supporting BTCBack in March, the currency saw its price fall into the mid-$5,000 range. This was after it had spent the whole previous month trading for well over $10,000, a price the currency hadn’t seen in roughly half a year. From...

Interest in bitcoin options appears to be skyrocketing, and why shouldn’t it be? After all, everyone – including both retail and institutional investors – are looking to bitcoin and crypto as a means of hedging their wealth as coronavirus cases spike and the Fed continues to print additional money.Bitcoin Options Are Expanding Like Never BeforeOver the past three months alone, CME Group in Chicago is a standout as far as growth goes, shooting up from $4 million to about $373 million in...

Stellar lumen price failed to stay above the $0.0750 support and declined recently against the US Dollar.XLM price is currently declining and trading well below the $0.0700 pivot level.There is a key bearish trend line forming with resistance near $0.0720 on the 4-hours chart (data feed via Kraken).The pair remains at a risk of more losses below the $0.0620 and $0.0600 support levels.Stellar lumen price is now back in a bearish zone below $0.0700 against the US Dollar, similar to bitcoin. XLM...

Ripple price is trading in a bearish zone below the $0.1945 resistance zone against the US dollar.The price failed to correct above $0.1945 and it is now trading near the $0.1850 support.There are two bearish trend lines forming with resistance near $0.1920 and $0.1960 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair remains at a risk of more losses below the $0.1850 and $0.1820 support levels.Ripple price is under pressure and trading well below $0.1920 against...

Dan Held of Kraken fame believes that bitcoin could reach new levels of power if everyone invested their stimulus money in the cryptocurrency.Dan Held: BTC Could Be the Most Powerful AssetAs many of us know by now, the stimulus checks that were issued to American taxpayers over the past two months put everyone on edge and got them arguing back and forth about whether the money was really needed. Figures such as Elon Musk, for example, criticized the move, and stated that you cannot simply...

For the last several weeks, bitcoin appears to be hovering between the mid-$9,000 and $10K ranges. According to Simon Peters – an analyst with the cryptocurrency exchange and broker e-Toro – things are about to get rather ugly for the world’s number one cryptocurrency by market cap.Simon Peters: Bitcoin Could Strike New LowsPeters explains that the asset is about to undergo a serious correction that could bring it to new lows in the coming weeks. In an interview, he states:The recent crypto...

Bitcoin is once again spiking and has added about $200 to its price following its previous crash down into the low $9,000 range. The news seems to be sitting well with JPMorgan, one of the biggest bitcoin critics in history.JPMorgan Is Switching Its Stance on BTCIn the past, Jamie Dimon – the CEO of JPMorgan Chase – has stated that bitcoin is a “fraud.” Dimon also compared the bitcoin craze to tulip bulbs, but now it appears the company is changing its sentiment surrounding the world’s number...

Perhaps one of the biggest – and scariest – mysteries to emerge from the cryptocurrency space over the past few years has been the rise and fall of Quadriga CX, a cryptocurrency exchange in Canada that now has an undoubtedly shady history behind it.Quadriga CX Will Probably Always Live in InfamyAt one point, Quadriga CX was one of the largest cryptocurrency trading platform in Canada, but now the company has been marred by controversy and a lot of angry people who cannot seemingly get their...

The bitcoin price has dropped more than eight percent in just the last 24 hours alone, and it looks like the recent move has got everyone huffing and puffing.The Bitcoin Price Has Taken a DiveAnalysts and traders alike are terrified by what they’ve witnessed over the last day, as the asset’s fall appears to have been sparked not by the stock market crash but by people floating towards cash. Suddenly, bitcoin doesn’t appear to be the answer everyone was looking for.It’s been reported time and...

It looks like it’s happened again, folks. The heavy volatility that we’ve all come to both love and hate about bitcoin has seemingly entered the foray all over again and brought the world’s number one cryptocurrency down by approximately $400.Bitcoin Has Lost More Than $400Yesterday, the currency was trading for about $9,600 during the early morning hours. However, from there, the currency saw itself drop to about $9,200 with little warning for investors. At the time of writing, the currency...