Breaking: Bitcoin tumbles under $10,000 as U.S. Senate mulls Facebook’s Libra
Bitcoin is falling like dead weight in the air following the break under $10,000 support. As discussed earlier the price retreated from the region above $11,000. The increasing selling pressure has overwhelmed the diminishing buying pressure to the extent that BTC/USD is trading at new July lows. The bleeding is happening amid the ongoing US Senate hearing […]
Bitcoin Cliff Hanger, BTC Slides 10.2% In A Early Stage Of A Correction
President Trump’s highlighting Bitcoin is bullish and hints of how disruptive the coin has been for the status quo. Leveling out the field and fronting end users, Bitcoin is huge for the libertarians. However, down 10.2 percent in the last week, BTC could register more losses in days ahead. Bitcoin Price Analysis Fundamentals Presently, Bitcoin […]
WHAT’S BEHIND RECENT GAINS FOR BITCOIN, ETHEREUM, RIPPLE’S XRP AND LITECOIN?
The year 2019 has been slow for most digital currencies. At the beginning of the year, Bitcoin, Ethereum, Litecoin and Ripple (XRP) maintained the same low price points as the end of the previous year. This was largely owing to a long-running market correction following the post-2017 crypto boom. However, things seemed to pick up in the past few […]
Altcoins Could See a Relief Rally as Long as Bitcoin Price Remains Steady in Near-Term
Bitcoin and most altcoins have been incurring tremendous volatility as of late, which has been primarily driven by BTC’s extended period of consolidation in the lower five-figure price region, where it has been trading at for the past month. Now, one prominent analyst is noting that many altcoins that have faced severe technical damage from […]
US Federal Reserve Chairman: Bitcoin Is a Store Of Value, Like Gold
The 16th and current Chair of the US Federal Reserve has acknowledged that bitcoin is a store of value, just like gold. According to him, the cryptocurrency is far from achieving mass adoption but people do use it as a store of value. Bitcoin Is a Store of Value Jerome Powell, who is the 16th […]
China Should Prepare Digital Yuan to Counter Facebook Libra: Ex-PBoC Chief
Faced with the possibilities and threat posed by Facebook’s Libra cryptocurrency project, China’s central bank should rethink its plan for a national digital currency, according to its former head. As reported by the South China Morning Post, former People’s Bank of China (PBoC) governor Zhou Xiaochuan said at an event in Beijing this week that, with its Libra offering, […]
Bitcoin Is Shaky But BTC Indispensable In Investment Portfolios
Despite skepticism, Bitcoin and cryptocurrencies are increasingly becoming part of investment portfolios. That’s notwithstanding their wild price fluctuations. At the time of writing, BTC is up 14.6 percent week-to-date. Bitcoin Price Analysis Fundamentals There are diverse opinions as far as what Bitcoin is. Generally, there is a consensus that BTC is first a medium of exchange and […]
Fold App Enables Bitcoin Lightning Payments at Whole Foods, Starbucks
Fold, a payments platform, is introducing a lightning network protocol that will allegedly enable users to shop in-store or online at several retailers, including Starbucks, Whole Foods, AMC, Home Depot, and Southwest Airlines. Though customers will transact in bitcoin, the payments will be settled in whatever currency the merchant chooses. This eliminates the risk of […]
Analyst: Bitcoin Bull Run Barely Even Started, Six Digits a Possibility
The bitcoin price is looking to hit a six-digit dollar valuation soon, according to market analyst GalaxyBTC. The cryptocurrency trader said today that closing above $10,000 is a vital breakout moment for bitcoin. He showed that the level is going to play out as a stubborn resistance zone in the coming days based on a […]
EOS Digest #2 – Strategic Vision, Thoughts On Governance, And Promising Projects
EOS and Block.one made major announcements in June, celebrated one year from the mainnet launch, defended a bunch of controversies – you can get a quick recap in our previous digest. This month hasn’t brought in many catchy headlines yet, but this makes it a good moment to assess overall prospects — from minor partnership announcements […]