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Bitcoin Rises Drastically within No Time; Hits the Overbought Region


Bitcoin trades above $7,000 after having hit bottom around $6,900, just at the time of writing BTC price gains support as it takes a steep climb above $7,100 The Green long candle has hit the right direction only if it would stay Bitcoin price trend looks like a half hourglass, from trading around...

Another Research Paper Finds Flaws With the Lightning Network


On November 21, researchers from Hungary and Institute for Computer Science and Control published a critical examination of the Lightning Network, the protocol intended to amend BTC’s scalability issues. The researchers’ simulation findings indicate the Lightning Network...

Bitcoin Takes a U-turn as It Trades Above $7.3k; Is This a Positive Sign?


Bitcoin price responds positively after having marked negative sentiments below $6,000 BTC price supported by 5-day EMA around the trading price area of $7,200 Although, even after having a recent price correction beyond $7,300 in the past 24 hours, BTC is still sliding in the solid selling zone...

Don’t Blame China: Why BTC Still Can’t Compete With Fiat


In the wake of recent price movements, doubts are beginning to crop up more and more around BTC maximalist circles. As focus shifts from Satoshi’s founding vision of the coin as cash to a mere digital gold to be saved and “cashed out” later, valid questions are indeed raised....

Russia Confirms First Capital Filling That Includes BTC + More News


Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news Russian tax authorities have recognized a capital filing that included a Bitcoin (BTC) investment – the country’s...

Market Update: Uncertainty Strikes Crypto Traders After Week-Long Downtrend


Three days ago, cryptocurrency markets were holding foundational support after coins plunged 2-14% and the entire cryptoconomy dropped below $200 billion. Crypto prices continued to slide in a bearish trend, and over the last 12 hours, the entire market valuation of all 3,000+ coins lost another...

Bitcoin Crashes but Continues to Entice Investors as RSI Stays at 52


Bitcoin crashes hard as it hits the price area around $6,500; currently in a temporary upward correction phase The downward stride has been swift as the coin slid below $8,000 to $6,500 within just 5 days Supports remain totally inactive, while BTC loyalists and enthusiasts remain hyperactive...

Bitcoin Will Come Down to $4,500 Price Point, Says Crypto Expert Tony Vays


Bitcoin is falling rapidly, and the nightmares of 2018 seem to be coming back again. While the apex crypto was priced at about $13,800 in the last week of July, it has steadily come down to less than $6,800 as of date. This is despite several crypto proponents and experts claiming that Bitcoin will...

Still in the Queue… Why Bitcoin is Popular but Not a Global Currency Yet?


Cryptocurrency has grown in popularity over the years despite the flak it has drawn from various governments and other sectors of the economy. However, it would not be too much to claim that cryptocurrency holds the key to the future, as a digital currency would emerge as one of the most important...

Localethereum Becomes Localcryptos and Adds BTC Trading


P2P trading site Localethereum has rebranded to Localcryptos, allowing users to buy and sell both ETH and BTC without KYC. The platform has been providing peer to peer trading services for ethereum since 2017, but in a surprise announcement this week, the website revealed its new home...

Bakkt’s Bitcoin Futures Shatters Records Amid Spot Market Turmoil


Bakkt’s bitcoin core (BTC) futures product saw another all-time high as the spot market price of BTC plummeted under $7,000 on Friday morning, Nov. 22. Bakkt saw 2,728 contracts traded ($20 million) and $1.75 million in open interest outpacing the record of 1,179 contracts on Oct. 25. Also...

Bitcoin Trades Slightly Above $7,000; Withholds Risk of Bottoming Out


Bitcoin trades close to the biggest supports around $7,000 and $7,100 at $7,177.66, as per the data feed from Coinbase BTC holds moderate volatility for the few days to come until the coin shows some signs of improvement The bearish hold remains quite strong due to the selling pressure under which...

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