bitcoin / 435 posts found

Bitcoin Posts Solid Gains to Break Above $7,000 While Altcoins See Green

by crypto journalist
Bitcoin (BTC) has seen solid growth to break back above the $7,000 mark today, August 7. The overall crypto market is seeing a healthy flush of green, rallying forth after the weekend’s losses, as data from Coin360 shows. Market visualization from Coin360 Bitcoin (BTC) is trading around $7,118 at press time, up around 2.5 percent on the day. After several faltering attempts to break past the $7,000 threshold yesterday, the leading cryptocurrency has today seen a sustained uptick as of very early trading hours. Today’s growth has not yet pushed the coin’s weekly price change back into the green, however, […]

3 Things That Make $6000 A Key Price For Bitcoin Trading

by crypto journalist
Gallery 2018 30 Under 30: Art & Style Launch Gallery 31 images '> Since Bitcoin prices flirted with $20,000 at the end of the last year, there have been several corrections that have taken it below key support levels. But there’s one support level that seems to be holding well: $6000. There are three explanations for that. One of them is technical. $6000 represents a 70 percent decline from Bitcoin’s high of $20,000 in December 2017,” says Ben Marks, CEO and Founder of  Blocktrade Capital. “Of the nine previous Bitcoin corrections that have ever occurred, the average retracement is 64 [...]

Bitcoin or Buffett? One gambler is willing to wager millions on the first

by crypto journalist
Warren Buffett’s Berkshire Hathaway is trading at $287,100 a share. Bitcoin is barely clearing $6,000. One intrepid crypto fan believes the gap between the two won’t last. In fact, he’s willing to bet millions of dollars on it. According to this recent tweet from Tom Waterhouse, an Australian bookmaker, the deep-pocketed — and anonymous — punter is looking to bet 8.5 million Aussie dollars ($6.3 million) that bitcoin’s price will topple Berkshire’s by 2023. The wager would pay 1.2 billion Aussie dollars. Big Bet: Well known Crypto expert has just requested a bet of $8.5m AUD to win $1.2bn that a Bitcoin […]

A 30% rally in bitcoin in less than a month has bulls eyeing $10,000 and beyond

by crypto journalist
Cryptocurrency evangelists are coming out of the woodwork as the world’s most prominent digital currency enjoys a sudden change in fortune. In less than a month, bitcoin BTCUSD,  has roared back, rising more than 30% since June 24, highlighted by Tuesday’s 10% rally that saw bitcoin break a number of psychological and technical levels closely monitored by traders. Although bitcoin remains more than 50% off its all-time high, the tide is turning, both in the price and in overall sentiment. “A series of higher highs and higher lows are now in place for the first time since the May highs […]

Bitcoin slumps below $6,000 to November lows

by crypto journalist
ordered several cryptocurrency exchanges to improve their practices against money laundering. Security breaches have also weighed on prices. In the past two weeks, South Korean exchanges Coinrail and Bithumb have both announced major cryptocurrency hacks. Brian Kelly, CEO of BKCM, said Friday’s wild trading was partly exacerbated by CME futures contracts expiring. But sentiment has also been sour. “The market is not reacting to any positive news, but the news flow has been quite positive,” Kelly said. Among recent positive headlines Kelly mentioned was the U.S. Securities and Exchange Commission’s recent clarification that it does not classify ethereum as a […]

Bitcoin Value Indicator – October 2018 – Bitcoin USD (Cryptocurrency:BTC-USD)

by crypto journalist
Introduction If this is your first time reading a Bitcoin ()()(OTCQX:GBTC) Value Indicator report, you may want to refer to the original article, where I explain the three strongest corollaries with Bitcoin’s market cap. You also may want to read the first Bitcoin Value Indicator report, published in July of this year, where I explain further how I turned those metrics into a consolidated system. If that’s too much work for you, I can sum up. With Bitcoin you need to think log scale. When you do that, strange things happen, like you start to understand what’s going on. All […]

Why I Don’t Expect New Bitcoin Highs in 2018

by crypto journalist
Tuur Demeester is an economist and investor. The following article references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for that. Despite an already six month cool-off period, for 2018 we see more sideways and downside potential in the bitcoin price due to sluggish retail demand, hesitation from institutions and a current market cap that seems too high relative to the activity occurring on available blockchains. Many investors and advisors are on record stating that $5,700 was the bottom in bitcoin for this year, and that higher […]

How to put bitcoin into perspective

by crypto journalist
THE PRICE chart at CoinDesk, a cryptocurrency news site, begins on July 18th 2010, when a bitcoin could be had for $0.09. By November 2013 it had reached $1,124. In the summer of 2017 it started to take off, reaching over $19,000 in December. By end-March 2018 it was back down below $7,000 and in late August it was hovering between $6,400 and $6,500 (see chart). That has made a few people very rich (just 100 accounts own 19% of all existing bitcoin), encouraged others to play for quick gains and left some nursing substantial losses. Bitcoin was never meant […]