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Top Stories This Week Fundstrat’s Tom Lee Points To Bitcoin Futures As Reason For Price Declines Tom Lee released a report this week that posited that the reason for the falling price of Bitcoin can be linked to the expiration of Bitcoin futures contracts. According to Lee, Bitcoin’s price usually drops around 10 days before the expiration of the […]
Monday, May 28: crypto markets are experiencing a significant decline with all top ten cryptocurrencies listed on Coinmarketcap (CMC) in the red. Some altcoins such as Cardano (ADA) and Bitcoin Cash (BCH) are seeing losses up to around 30 percent over the last 7 days. Market visualization from Coin360 With a decline of around 35 percent over the last 30 days, Bitcoin (BTC) has hit a […]
Cryptocurrencies continue to slow down today as all major coins are in the red on Tuesday. Bitcoin (BTC) is struggling for gains above $8,500 following concerns over increased regulation according to Naeem Aslam, chief market analyst at Think Markets: “The recent selloff has come from the news out of China that the ICO [initial coin offering] market is still very […]
The Binance exchange continues to make a lot of headlines. After its migration to Malta, the company has now struck a major partnership. Their new venture together with Changelly will result in more tokens, better rates, and faster transactions for users. It is symbolic how this partnership came to be through a meeting in Valletta, […]
The bullish momentum has continued throughout the day and total market capacity has topped $400 billion as we start another week in crypto land. This marks the first time that markets have been back over this level since March 8, over six weeks ago. The Crypto Rally Continues Six weeks is a long time in […]
There is an all-round depreciation of altcoins. With Litecoin reversing yesterday’s gains, we are rooting for a retest of $90. However, that’s not the only coin under our preview. Stellar Lumens might follow Litecoin route and shed further with possible bear stops at $0.07 while NEO may inch towards $40 and then $25. Despite being […]
Because of the obvious bad press, LTC took the brunt of the markets in the last 24 hours losing 3.5% according to CoinMarketCap. Of course, that was inevitable and with LitePay closing down after using $50K of Litecoin Foundation’s money, Lee should make due diligence before shilling LTC and giving spineless guarantees to a tax evader. Apart from […]
Congrats, it happened — you have decided to join crypto community and you are a believer that blockchain technology is going to save the world. Well, almost all the team members at BITRUST were early adopters of the whole idea and had to face some storms making our first steps trying to make sense of […]
After its triumph last year and dramatic downfall in January many see Bitcoin as the cryptocurrency’s swansong. We have particularly tender feeling towards Bitcoin because it was (and always will be) the first one to have started the crypto revolution. So, we have decided to take a closer look at it and try to understand […]
Bullish Bitcoin Price Momentum? For the first time in a while, the daily Bitcoin price closed over the 50-day average. To most speculators, that may indicate a bullish signal to buy Bitcoin in the near future. It is not necessarily a sign of things to come, as this market remains incredibly speculative and volatile at all times. […]