On Friday, the Bank of England’s governor made a comment that was music to the ears of Bitcoin and crypto proponents. BITCOIN IS THE FUTURE 🙏🏽 pic.twitter.com/ITdKsG9HJ5 — Pomp 🌪 (@APompliano) August 23, 2019 According to reports from Reuters and Bloomberg, Mark Carney dropped a bombshell on a group fo Read more…
Another week, another of Crypto Tidbits. Bitcoin saw a fairly tumultuous week. The cryptocurrency nearly hit $11,000 this week, before falling to $9,900 in a massive 8% sell-off that resulted in a Bitcoin Fear & Greed Index reading of 5 — “extreme fear”. Despite this crazy price action, Coin360 data Read more…
The bitcoin price just did something it has NEVER done before, and it’s great news for bulls who view crypto as a stock market hedge. | Source: Shutterstock By CCN Markets: Bitcoin has been hawked as a safe haven asset for quite some time now, with bulls crediting the rising Read more…
Bitcoin (BTC) has once again found itself caught in the throes of a choppy trading range that provided little clarity as to whether or not it will begin venturing into the four-figure price region, or if it will begin climbing until it retests its year-to-date highs of $13,800. This choppiness Read more…
Once again, Bitcoin (BTC) has stagnated, finding a foothold around $10,000 for the umpteenth time in a matter of weeks. While this is a positive development, especially considering the bearish momentum seen last week, there remains some expecting for the cryptocurrency market to continue lower. As reported by NewsBTC, one Read more…
Mark Carney, governor of the Bank of England (BOE), has a plan to challenge the dollar’s dominance. | Source: Photo by Chris J Ratcliffe / POOL / AFP By CCN Markets: Mark Carney wants the US dollar to lose its status as the global reserve currency, pitching the idea that Read more…
Donald Trump is upping the pressure on China, and analysts say this is bullish for Bitcoin. For those who missed the memo, on Friday morning, the American President unleashed his latest volley at China (and the Federal Reserve) in a series of tweets. “For many years China has been taking Read more…
Bitcoin price is trading below $10,000 and a further pullback could drive price even lower. | Source: Shutterstock By CCN Markets: The bitcoin price has fallen below $10,000 in a minor pullback, dropping from $10,300 to $9,880 on major cryptocurrency exchanges within a two-hour span. The bitcoin price drops $500 Read more…
Bitcoin price is showing positive signs and settled above $10,000 against the US Dollar. The price is now trading near the key $10,400 resistance area, which is preventing gains. Yesterday’s highlighted important bearish trend line is acting as a solid resistance near $10,420 on the hourly chart of the BTC/USD Read more…
Bitcoin has been on a bull run since the start of 2019, after bottoming in December 2019. Momentum picked up with a $1,000 candle in April and the crypto asset was off to the races ever since. But now the race appears to be coming to an end, and Bitcoin Read more…
As Charles Schwab’s Liz Ann Sonders points out, this rift between President Trump and China is no longer just a “skirmish.” | Source: Shutterstock By CCN Markets: China had to see this one coming. After China President Xi Jinping revealed his intentions to slap fresh tariffs on $75 billion in Read more…
Bitcoin price has struggled to regain the same powerful bullish momentum it had starting in April through July, but crypto bulls also haven’t given up the fight and have managed to keep Bitcoin price from falling far below $10,000. But that fall deep below $10,000 may be coming sooner than Read more…
Crypto exchange OKEx believes the bitcoin price will surge 34% to $14,000 this year, thanks to a little help from the Federal Reserve. | Source: Shutterstock By CCN Markets: Crypto exchange OKEx isn’t concerned that the bitcoin price appears to have hit a wall just above the $10,000 mark. In Read more…
A scammer who sold people’s personal details on the dark web has been ordered to forfeit $1.12 million worth of Bitcoin. Grant West, also known as “Courvoisier “, gathered sensitive information about individuals using a phishing scam targeting a popular online takeaway ordering service and other well-known British retailers. The Read more…
Since the announcement of Facebook’s Libra cryptocurrency, the crypto market and even the tech sector has never been the same. It’s got regulators up in arms about Bitcoin, crypto assets are crashing, and the project may not ever even see the light of day. Even partners have started to abandon Read more…
The crypto market is highly volatile and assets such as Bitcoin, Ethereum, and EOS experience wild price swings. On cryptocurrency margin trading exchanges, these wild price swings are further amplified by traders trading on up to 100x leverage. Last night on one crypto margin trading platform, some strange behavior occurred Read more…
Bitcoin began an impressive price surge minutes after China announced that it would slap additional tariffs on US goods. Beijing said late Friday that it would increase taxes on $70 billion worth of US imports of between 5 and 10 percent. That progressed its already worsening trade dispute with Washington Read more…
Billionaire Tim Draper says the far-reaching impact of bitcoin “magic” will dwarf the sprawling influence that even the internet has had. | Source: REUTERS / Danny Moloshok (i), Shutterstock (ii). Image Edited by CCN. By CCN Markets: Tech billionaire Tim Draper says the far-reaching impact of bitcoin “magic” will dwarf Read more…
Bitcoin forayed into the financial markets ten years ago and became a benchmark asset to a new wave of trading instruments now known as cryptocurrencies. But for South Africa’s richest woman Magda Wierzycka, it is not worth an investor’s dime. The co-founder & chief executive of financial services company Sygnia Read more…
Bitcoin miners are turning very bullish on the cryptocurrency’s price, according to data analytics firm Skew Markets. The London-based cryptocurrency group explained that miners are increasing their capacity to mine bitcoins, a behavior which typically reflects their interest in boosting their incentives. And the reason why they want to accumulate Read more…
For the most part, investors abiding by traditional investment strategies have avoided Bitcoin (BTC) like the plague. Legendary investor Warren Buffett, for instance, once called the cryptocurrency “rat poison squared”, later explaining that there isn’t much inherent value in the project. Other notable players in finance and politics, including U.S. Read more…
Craig Wright, the Australian entrepreneur who controversially says he’s bitcoin’s anonymous inventor Satoshi Nakamoto, has made another attempt to cement that claim in the public domain. On Thursday, Wright posted the bitcoin white paper on the scientific journal hosting site, SSRN, citing himself as the author on Aug. 21, 2008. Read more…
Retail and institutional investors alike are increasingly turning to safe-haven assets like gold and bitcoin. | Source: Shutterstock By CCN Markets: As the fear of an upcoming global recession is continuously surging, the interest in safe haven assets, like bitcoin and gold, is growing too. And now a major Australian Read more…
View Bitcoin’s recovery from $9,755 to $10,255 seen in the last 24 hours lacks volume support and could be short-lived. Supporting the case for a drop back to $9,755 are the rising-wedge breakdown on the hourly chart and a bearish candlestick pattern on the 3-day chart. Wednesday’s rising-wedge breakdown on Read more…
The market chop has continued all week as Bitcoin has oscillated between $11k and the high $9k price ranges. It has not remained in four figures for long but analysts are tending towards bearishness in the short term. Bitcoin Buyers Still Below $10k From its low of $9,750 yesterday, BTC Read more…
Bitcoin price is currently correcting higher above the $10,000 resistance against the US Dollar. The price is facing many key resistances near the $10,250, $10,300 and $10,400 levels. There is also a connecting bearish trend line forming with resistance near $10,450 on the hourly chart of the BTC/USD pair (data Read more…
Brian Kelly is bearish on the bitcoin price in the short term but believes there is a generational buying opportunity coming in BTC/USD. | Source: CNBC/YouTube By CCN Markets: The bitcoin price might have broken back above the $10,000 level today, but one notable trader isn’t impressed. Speaking on CNBC, Read more…
Craig Wright uploaded the Bitcoin white paper to SSRN, an academic journal database, to cement his claim to the title of Satoshi Nakamoto. | Source: YouTube By CCN Markets: Self-proclaimed bitcoin inventor Craig Wright took another step to cement his claim to the title of Satoshi Nakamoto. Today (Aug. 22), Read more…
Despite owning more Bitcoin that most of us could possible imagine, the story of how the joint owners of the Gemini cryptocurrency trading platform first got into the digital asset space is all too familiar. Cameron and Tyler Winklevoss have admitted to suffered from a case of FOMO back in Read more…
One of the biggest criticisms over the crypto market is due to its wild west environment where anything goes. It’s allowed for the sale of unregistered securities, scams, and much more. While regulators sit on their hands, the crypto community themselves are banding together to wipe out scammers and other Read more…
