Tag Archives: BTC

US Government to Sell Off $10 Million in Seized Bitcoin and Bitcoin Cash

US Government to Sell Off $10 Million in Seized Bitcoin and Bitcoin Cash

The U.S. government is planning to sell off confiscated bitcoins seized during an opioid drug case that are now worth almost $10 million in the wake of the recent spike in prices. Government attorneys in the state of Utah are now working quickly to sell the 513.1490393 bitcoins (BTC), worth approximately $8.7 million at current […]

Overstretched? Bitcoin Price on Shaky Ground After 1,000% Gains

Overstretched? Bitcoin Price on Shaky Ground After 1,000% Gains

Bitcoin may be starting to show signs of bull market exhaustion. As per CoinDesk’s Bitcoin Price Index (BPI), bitcoin (BTC) rose to a new all-time high of $10,831.75 at 05:35 UTC, having first moved above $10,000 in Asian trading hours. As of writing, BTC is at $10,900. The meteoric rise has taken year-to-date gains to 1,000 percent. Still, there is a […]

Early Bitcoin Buyers Talk Bubbles and Origin Stories at Consensus: Invest

Early Bitcoin Buyers Talk Bubbles and Origin Stories at Consensus: Invest

“I think it’s very important to make a distinction between a bubble and a fraud.” So says Glenn Hutchins, the co-founder of private equity firm Silver Lake and one of the panelists this morning during CoinDesk’s Consensus: Invest event. Appearing alongside Galaxy Investment Partners CEO Michael Novogratz and Brian Kelly Capital founder Brian Kelly, his […]

$10,000 Today? Bitcoin Price Primed to Break Psychological Barrier

$10,000 Today? Bitcoin Price Primed to Break Psychological Barrier

Bitcoin’s meteoric gains are continuing unabated, with prices looking like they could pass the psychological milestone of $10,000 today. The world’s largest cryptocurrency by market capitalization clocked a new lifetime high of $9,9731.51 at 09:00 UTC, as per CoinDesk’s Bitcoin Price Index. That came after blowing past $9,000 over the weekend for the first time – and just […]

Holding Strong: Failed Breakdown a Boon for the Bitcoin Bulls?

Holding Strong: Failed Breakdown a Boon for the Bitcoin Bulls?

Bitcoin has witnessed decent two-way business in the last 24 hours. A drop below $8,000 during the Asian day was quickly undone and the world’s largest cryptocurrency by market value once again approached record highs, hitting $8,333 this morning. At press time, bitcoin is changing hands at $8,228, according to CoinDesk’s Bitcoin Price Index. As per CoinMarketCap, […]

Bitcoin Prices Retreat Toward $4,100 While Bitcoin Cash Soars

Bitcoin Prices Retreat Toward $4,100 While Bitcoin Cash Soars

Following a week of thrilling price gains and two all-times highs – $4,483 on August 15, and $4,520 on August 17 – bitcoin prices have now slumped back toward $4,000. Opening the session at $4,159, price across global exchanges peaked early at $4,406 and have since steadily dropped and at press time had recovered sightly to $4,112. The low for the session […]

$700 and Rising: What’s Driving the Price of Bitcoin Cash?

$700 and Rising: What’s Driving the Price of Bitcoin Cash?

Bitcoin cash surged above $700 today, passing a notable milestone amidst a two-day rally during which the price of the cryptocurrency more than doubled. Heading into weekend trading sessions, bitcoin cash has emerged as the third-largest cryptocurrency by network value, behind bitcoin and ethereum. And while it might still be too early to compare bitcoin cash […]