Crypto EcoBlog
The coronavirus lockdown has caused many people to see bitcoin in a different way, including residents of Russia.Russia Seems to Love BTCThe country has had a very mixed relationship with cryptocurrency. Assets are often traded in secret as government officials have not taken to digital assets the way other nations have. The country has also long considered a ban on digital currency trading, believing it leads to criminal activity such as money laundering.Now that everyone is stuck at home...
Read More »Tim Draper: Libra and Zuckerberg Are Being “Picked On”
It looks like venture capitalist Tim Draper has positive sentiment towards the Libra cryptocurrency and its founder Mark Zuckerberg.Tim Draper Sticks Up for Mark ZuckerbergTim Draper has made a real name for himself in the crypto space. He won a huge chunk of Ross Ulbricht’s bitcoin stash in an auction in 2014 and has often offered huge praise for the digital asset. In addition, he has loaded the space with wild – yet intriguing – predictions, stating that the currency would reach the...
Read More »Bitcoin May Not See Much Action Over the Next Few Months
Anybody expecting a big surge in bitcoin will probably have to wait considerably longer, say many analysts.Bitcoin May Stay As It Is for a WhileAt the time of writing, the world’s number one digital currency by market cap has dropped to about $9,600, roughly $100 less than where it stood just 24 hours ago. The halving took place just under a month ago, and many saw the currency reaching new peaks a few weeks or even a few days after this was slated to occur.Sadly, this isn’t quite the case....
Read More »Analysts: Bitcoin Really Needs to Hit $10K
The bitcoin price has stabilized somewhat over the past few days, but it looks like in many ways, the world’s number one digital asset by market cap is still enduring a struggle.Bitcoin Has to Reach the Five-Figure RangeThis seems to be the sentiment of most crypto analysts, who claim that $10K appears to be one of the biggest hurdles for the coin. The mark is proving to be a heavy resistance point for the currency, as the asset initially rose above this mark about 72 hours ago only to fall...
Read More »BTC’s Brief Rise to $10K Proves Big for BitMEX
Recently, it was reported that the bitcoin price briefly rose above $10K, only to lose about $600 just a few moments later. It appears this move has had monster-sized effect on BitMEX, a trading exchange based in Seychelles in Africa.BitMEX Sees Heavy Buy Liquidations Following the BTC SpikeThis move ultimately caused approximately $133 million of buy liquidations on the trading platform. This is the highest number since October of last year. Buy liquidations occur when those taking part in a...
Read More »Bloomberg Predicts the Rest of 2020 to Be Positive for BTC
Bloomberg is predicting that the rest of the year for bitcoin will be quite solid.Bloomberg: BTC Should Keep on SpikingThe publication has issued a report stating that something would need to go “really wrong” for bitcoin to come crashing down the way it did in 2018. While the world of bitcoin is always very up and down, and it’s nearly impossible to predict what will happen, exactly, Bloomberg is confident that the currency is going to reach new highs by the time 2020 is ready to say...
Read More »Crypto Whale Predicts $2,000 for BTC By End of Year
For all the positive remarks and predictions that have emerged as of late for bitcoin, one figure is suggesting that the currency is about to come crashing down within the next two years. Crypto trader and analyst “Crypto Whale” on Twitter announced that he sees the asset’s price falling to a measly $2,000 by the end of the year.Crypto Whale: The End of 2020 Won’t Be Good for BTCCrypto Whale has introduced his followers to what he’s calling the Fermions Flow (FF) Whale Model, which allegedly...
Read More »Bitcoin Cash Analysis: Signs of Bullish Break above $270
Bitcoin cash price is following a bullish path above the $250 level against the US Dollar.The price is facing a major hurdle near the $268 and $270 levels.There is a major bullish trend line forming with support near $254 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is likely to accelerate higher if there is a clear break above the $268 resistance zone.Bitcoin cash price is trading in an uptrend above $255 against the US Dollar. BCH/USD is likely to clear the...
Read More »Adam Back: I Am Not Satoshi Nakamoto
The mystery surrounding the identity of bitcoin’s anonymous creator – Satoshi Nakamoto – continues, and now people have found a new candidate to point the finger at. According to many analysts within the space, bitcoin’s inventor is allegedly a man named Adam Back.Is Adam Back the Creator of BTC?Last month, a YouTube channel known as “Barely Sociable” – which enjoys more than 400,000 subscribers at press time – released a video that was approximately 40 minutes long. This video claimed that...
Read More »Crypto Compare Unveils New BTC-Monitoring Index
MV Index Solutions GmbH (MVIS) has joined hands with Crypto Compare – a digital asset data firm – to launch a new index that will offer an hourly, updated bitcoin price in USD.Crypto Compare Launches New BTC-Monitoring ToolTraders and investors in the crypto space should know by now that bitcoin, while popular and significant, is among the most volatile assets around. Just yesterday, the currency rose to $10,100 after trading at $9,500 for a few days – only to come crashing down and lose...
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