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Posts Tagged ‘bitcoin’

Bitcoin Miners Net Position Turn Positive: A Crypto Bull Case? 

Bitcoin in Downtrend After another week of turbulent market volatility, the cryptocurrency market saw severe drops with Bitcoin (BTC) and its peers plummeting nearly 25% from recent highs. This selloff caught many speculators and traders off-guard, causing a panic reaction across the market. The Crypto Fear and Greed Index shifted from a weekly high of…

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A $40,000 Bitcoin Likely as Price Breaks Critical Support Zone

A relief bounce in the Bitcoin market Thursday did little in offsetting its prevailing correction bias as its price slipped inside a critical support area. The BTC/USD exchange rate touched an intraday low of $45,000 during the early Asian trading session Friday, down by up to 22.90 percent from its record high established earlier this…

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Richly Valued Bitcoin Extends Decline After Positive Jobs Data

Bitcoin prices dropped Friday, tracking declines in the US indexes after new data indicated a stronger economic recovery and an auction of seven-year bonds met with lukewarm demand from investors. The flagship cryptocurrency’s upside momentum faltered earlier this week after establishing a record high above $58,000. At first, the move downside appeared like a natural…

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Hashbon Provides Zero-Commission Crypto Payment Services

Driving crypto payment adoption to new heights requires competitive solutions. Hashbon focuses on empowering small and medium-sized businesses through a 0% commission approach. Its native HASH token, to be listed on an exchange soon, will also provide certain benefits.  An All-Encompassing Crypto Payment Service As cryptocurrencies’ appeal grows globally, more and more people see the…

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Bitcoin Gains on Fed’s Infinite QE, Johnson and Johnson Vaccine Progress

Bitcoin reversed earlier losses after Jerome Powell, the Federal Reserve chairman, reiterated the central bank’s tendency to stick with its infinite quantitative easing policies during the second day of his testimony to Congress. The benchmark cryptocurrency ended Wednesday 1.71 percent higher to $49,737.82, having fallen by up to almost 22 percent in the previous two…

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Everything You Need To Know About The Next-Gen Privacy Coin

Bitcoin and Ethereum might be capturing the most mainstream media attention as the two largest cryptocurrency networks by market cap. But unfortunately, their market size can get in the way of investors discovering a world of innovation around in the rest of the blockchain space.  Here’s why PIVX is a coin you might have heard…

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Bitcoin Fractal Sees BTC/USD Hitting $35-40K Before Resuming Bull Run

Bitcoin bulls should prepare for its price to drop into the $35,000-40,000 area, per an apprehensively accurate fractal. First highlighted by TradingShot, an independent crypto trading consultancy, the fractal relies on a flurry of technical indicators to make its short-term bearish case. They include a so-called pitch-fan, three moving averages, and two momentum indicators. All…

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Bitcoin Rebounds as PayPal Rival Buys $170M BTC; Boom Ahead?

Yerevan (Bitcoinist) – Bitcoin underwent a modest recovery this Wednesday after Square, a payment service rival to PayPal, revealed its recent investments into the cryptocurrency. The Twitter-fame Jack Dorsey’s firm purchased $170 million worth of bitcoin tokens at an average rate of $53,125. Combined with its $50 million investment into the cryptocurrency previously, the latest…

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Bitcoin, PlanB and The Saylor Super-Cycle

With Bitcoin trading above $55,000 USD, a common question is whether Bitcoin is now too expensive to buy. While the answer primarily depends on one’s investment goal, time horizon, risk appetite and so forth, it really also depends on our understanding of Bitcoin.  Apart from the original Whitepaper by Satoshi Nakamoto, the work by PlanB…

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