Bitcoin Price Nears $12K After Rising $500 in Minutes
Bitcoin leaped into the green in the European trading hours, and is now looking to scale key resistance above $12,000. The top cryptocurrency by market value jumped from $11,400 to $11,916 in the 15 minutes to 09:10 UTC, according to Bitstamp data. With the $500 spike, BTC has put an end to directionless trading seen […]
COINS, TOKENS, AND ALTCOINS: WHAT’S THE DIFFERENCE?
The different terms thrown around the cryptocurrency world have drummed up a lot of confusion. What’s the difference between a crypto coin and a crypto token? What is an altcoin and why are they referred to as cryptocurrencies? In many ways, the cryptocurrency industry is still in its infancy, and that’s led to terminology developing […]
Analyst: Bitcoin (BTC) Needs to Break $11,600 to Skirt Consolidation
Even since Bitcoin (BTC) hit $13,800 to then retrace by $4,000, the cryptocurrency market has slowed. Don’t get me wrong, volatility is still rife in this market, but BTC’s range is starting to tighten. As of the time of writing this, Bitcoin sits at $11,200, down around 2% in the past 24 hours — a far cry […]
Research Shows That Holidays Cause FOMO Fireworks in Bitcoin Price Charts
Yesterday, on the United States holiday dubbed Independence Day, the price of Bitcoin fell from $12,000 to just over $11,000 from daily candle open to close, providing fireworks for traders who spent the day in front of price charts instead of being poolside at a barbecue sipping on a cold Budweiser. However, in previous holidays, there’s been […]
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Wall Street-Backed Crypto Exchange Snags CFTC License, Can List Bitcoin Futures
It seems that once again, a crypto exchange has beat Bakkt, the Bitcoin (BTC) venture launched by the New York Stock Exchange, to the punch. Announced Monday afternoon, ErisX, a Chicago-based cryptocurrency startup, has secured a “derivatives clearing organization” (DCO) license from the Commodity Futures Trading Commission (CFTC). Bitcoin Futures Expected From ErisX Last year, a […]
Bitcoin Price (BTC) At Risk Of Correction Below $10,000, Reverse FOMO Trigger?
Bitcoin price is finally taking a much-needed breather, after rallying for five months straight and bringing crypto investors who bought the bottom as much as 300% returns before it was rejected at $14,000 per BTC. The current price action has Bitcoin price trading in the mid- to low-$10,000 rangefollowing last night’s “ugly” daily, weekly, and monthly close – […]
Bitcoin Rally May Have Been Caused by a Tether Pump, Not Facebook’s Libra
While many believed Facebook’s entry into the cryptocurrency market sparked renewed interest in cryptoassets and drove Bitcoin to an 18-month high this month, Tether may also have had a significant impact in the rally. It is true that the latest price surge coincided with Facebook’s announcement that it was to lauch a new cryptocurrency called Libra. News […]
Crypto Exchange Gemini Opens New Chicago Office Due To Increasing Institutional Demand
Gemini, one of the most popular digital currency exchanges in the United States has recently announced that it is opening a new office in Chicago. This comes after Bitcoin (BTC) surpassed $13,700 on June 26, the highest level in over a year. According to Tyler Winklevoss, the co-founder and CEO of the platform, the goal is to […]
Bitcoin Drops Below $12K After Biggest Daily Price Move Since January 2018
Bitcoin is witnessing a technical correction a day after printing the biggest one-day trading range since January 2018. The leading cryptocurrency by market value is currently trading at $11,780, representing a 15 percent drop from the 17-month high of $13,880 hit on Wednesday. The double-digit pullback has come after a near 90-degree price rise from […]