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Another Macro Event That Could Move Bitcoin Is Happening This Fall
9.8.2019
The potential for a “no-deal” scenario as the UK leaves the European Union in October of this year could drive bitcoin to new highs, some industry players estimate.
As many have already experienced first-hand, the British pound has lost a fair amount of value against both the euro and the U.S....
Bitcoin Could ‘Insulate Portfolios’ From Financial Risks: Case Study
9.8.2019
A new case study from the crypto-focused major asset management firm Grayscale offered some insights on how the firm sees bitcoin as a hedge against U.S.-China trade risks.
In the study, dubbed Hedging U.S.-China Trade Risk with Bitcoin, Grayscale pointed out just how significant a risk they...
Blockstream Launches Bitcoin Mining Farm With Fidelity as Early Customer
9.8.2019
Blockstream is further stepping into bitcoin mining with the Fidelity Center for Applied Technology and LinkedIn founder Reid Hoffman as customers
How Crypto YouTuber Scammed a Scammer and Donated the Money to Charity
8.8.2019
Ben Perrin. Source: a video screenshot, YouTube, BTC Sessions
When scammers try to take people’s bitcoin out of their wallets on great promises of even greater fortune, some intended victims turn the scam around on the scammer.
Such is the case with Ben Perrin, the marketing director at bitcoin...
Bitcoin Eyeing Break While Altcoins Consolidate
8.8.2019
After yesterday’s downside correction, bitcoin price found support near the USD 12,000 level. BTC/USD started a fresh increase and climbed back above the USD 11,500 resistance. The current price action is positive and it seems like the bulls are eyeing an upside break above the USD 12,000 and...
Bitcoin and Altcoins Correcting Gains
7.8.2019
This week, we saw a strong rise in bitcoin price above the USD 11,500 and USD 12,000 resistance levels. BTC/USD even climbed above the USD 12,200 level and traded to a new monthly high near USD 12,300 before starting a downside correction. It is down more than 5% from the high and is trading below...
Mainstream Media Hails Bitcoin as Safe Haven Amidst Market Turmoil
6.8.2019
While global financial markets are in the midst of a massive turmoil, with the U.S. S&P 500 stock market index selling off more than 3%, even the mainstream media are starting to pay attention to potential bitcoin’s safe-haven properties.
Several major media outlets, ranging from Bloomberg to CNBC...
A New Market Metric Tries to Find the Best Time to Buy Bitcoin
6.8.2019
Following up on our previous overview of what three bitcoin market metrics showed last week, let’s take a look at a brand new indicator developed by the popular bitcoin analyst Willy Woo; the Bitcoin Difficulty Ribbon.
“The ribbon consists of simple moving averages on mining difficulty so we...
Bitcoin Rallies Past USD 12,000, Altcoins Gaining Momentum
6.8.2019
Yesterday, we saw the start of a strong rise in bitcoin price above the USD 11,200 and USD 11,500 resistance levels. Later, there was a downside correction, but dips remained supported in BTC/USD near USD 11,400. As a result, the price resumed its upward move today and climbed more than 5% above...
A Battle Between Bitcoin Wallets Has Big Implications for Privacy
6.8.2019
Bitcoin privacy wallet Samourai announced last Thursday that its primary competitor, Wasabi Wallet, is the target of an ongoing network attack
Bitcoin Accelerates Above USD 11.5K, Litecoin Hits USD 100 (UPDATED 2)
5.8.2019
The price of the most popular cryptocurrency, bitcoin, is back above USD 11,500, or the level last seen in mid-July. Majority of other coins from the top 100 are also in green, however, bitcoin dominance keeps rising.
(Updated on 07:00 UTC: a new section - "China again" has been added.
Updated...
Bitcoin Loses its First "A" Rating But Price Keeps Positive Momentum
2.8.2019
Weiss Ratings, the first financial ratings agency that started covering bitcoin and other cryptocurrencies in January of 2018, is once again out with an updated rating for the number one cryptocurrency.
Following a period of price consolidation for bitcoin, the Weiss crypto ratings team has...
Coders Are Trying to Connect Bitcoin’s Lightning Network to Ethereum
2.8.2019
Blockade Games says it has successfully bridged the two networks by sending a bitcoin lightning transaction to trigger an ethereum smart contract
This is How Bitcoin Rally in H1 Was Different From 2017
1.8.2019
Four differences between the bitcoin rally in the first half of this year and the rally in 2017 show that this time it was institutional money that most likely helped the price jump way above USD 13,000 in June, according to a report by CoinShares, a UK-based provider of digital asset investment...
This is How Bitcoin Met its First Fed Rate Cut
1.8.2019
Source: iStock/Toshe_O
The first interest cut by the Federal Reserve (Fed), the U.S. central bank, in Bitcoin’s history was a bit more complex than the market estimated and opinions still vary on the impact of this event.
As many expected, yesterday, the Fed indeed cut its main interest rate...
Bitcoin Might be Tested by the First Fed Rate Cut Today
31.7.2019
An eagle carved in stone on the Federal Reserve building in Washington, D.C.
With Bitcoin about to experience the first interest cut by the Federal Reserve [the central bank in the U.S.] in its history today, some traders are watching closely for clues on how the bitcoin price might...
Bitcoin and Altcoins Start Short Term Recovery
31.7.2019
Yesterday, we saw a few positive and recovery signs for bitcoin and altcoins. BTC/USD formed a support base near the USD 9,320 level and recently corrected higher. It is up around 2.5% and recently broke the key USD 9,500 resistance level. Similarly, there were bullish moves in ethereum, ripple...
Former Brazilian Central Bank Chief Praises Bitcoin, Libra
30.7.2019
Gustavo Franco. Source: a video screenshot, Youtube, Canal UM BRASIL
The former governor of the Central Bank of Brazil has heaped praise on Bitcoin – and suggested that McDonalds and Starbucks follow suit with Facebook, and consider launching cryptocurrencies of their own.
In an editorial piece...
Senator Admits U.S. Can't Ban Bitcoin, Crypto Market Goes Up
30.7.2019
The crypto market corrected higher following a hearing entitled “Examining Regulatory Frameworks for Digital Currencies and Blockchain” at the U.S. Senate Banking, Housing, and Urban Affairs Committee today.
At pixel time (16:33 UTC), bitcoin trades at c. USD 9,697 and is up by 1% in the past...
What Three Bitcoin Metrics Show
30.7.2019
As bitcoin price is showing some early signs of a possible recovery, let’s take a look at three popular valuation metrics for bitcoin to better understand the current situation in the market.
NVT Ratio
The Network Value to Transactions (NVT) Ratio for Bitcoin is now at 77.4. This is within...