On Apr. 29, the Bitcoin (BTC) hit an intraday high of $8,970 on the Bitstamp exchange before erasing a substantial portion of its gains. However, former Wall Street trader Tone Vays expects this rally to run out of steam, which is why he has already sold his long position to buy another Read more…
Bitcoin has come out roaring after starting the week without lacking any momentum. It was further off the back of days of sideways trading. The latest move sees Bitcoin break above its immediate resistance of $8K and further extend this to break its higher high of $8.5K before hitting resistance. Read more…
As much as many say Bitcoin is uncorrelated, even the crypto industry hasn’t been spared in the recent outbreak of COVID-19. Like a majority of other asset classes, cryptocurrencies tanked on “Black Thursday,” experiencing their worst crash in years. And like most other industries, a number of leading firms laid Read more…
Despite Ethereum’s rejection at $200 and Bitcoin’s similar rejection at $7,800, the cryptocurrency market has held strong over the past 24 hours. Case in point, Ether continues to trade for $194, just shy of the weekly highs and above the $180-190 region, which analysts have identified as a zone of support. Unfortunately, Read more…
In brief Tether has now minted $1 billion in USDT this month. Tether is now gaining on XRP as the third-largest cryptocurrency. The price of Bitcoin has gone up 20% this month. The Tether treasury has minted just shy of $1 billion in USDT stablecoins this month, pushing its market Read more…
Bitcoin is notoriously volatile, prone to sudden price surges and swift reversals that can wipe out millions of dollars of value in a matter of minutes. Those changes are often mysterious to market observers, given the digital currency’s lack of fundamentals, or ties to the real economy. Bitcoin has another Read more…
Speaking at Virtual Blockchain Week, famed venture capitalist Tim Draper confirmed that he is sticking to his six-figure Bitcoin (BTC) price prediction. Back in 2018, Tim Draper made a bold public call that the price of Bitcoin would reach $250,000 by the end of 2022 or early 2023. As of today, he’s sticking to Read more…
The man behind the 5G coronavirus conspiracy theory is a crypto-loving evangelical pastor, a major UK national newspaper has revealed. According to a Friday report by The Guardian, preacher Jonathon James is one of those responsible for spreading the conspiracy theory that 5G cell phone towers cause coronavirus. The attack of at least 20 5G Read more…
Bitcoin (BTC) price continues to grow week in and week out, as another 9% has been added to its value since last Sunday. However, with the block reward halving being just over two weeks away, and mining difficulty set to increase another 5% in little over a week, is the bull market Read more…
Cryptocurrency critic Peter Schiff has slammed the Bitcoin community for trying to portray Mark Cuban’s $130 BTC stash as an endorsement. In fact, Schiff believes that this infinitesimal amount accepted by Cuban-owned Dallas Mavericks proves “the opposite.” Basketball fans are not keen on Bitcoin Cuban, who became a billionaire by selling his Read more…