The past week was incredible for Bitcoin. During the previous weekend, the primary cryptocurrency saw its price touching above $12K and dumping to $10,500. A loss of $1600 in a matter of minutes. However, throughout the past week, the price slowly recovered towards the $12K mark once again. On Thursday, Read more…
Today, Bitcoin is in the green, currently trading above $11,585. The recent price trend of the largest cryptocurrency suggests bitcoin is consolidating before making the next jump. This move could see us going back to $12,000, a resistance level that dates back to last August and was rejected this weekend. Read more…
The US recorded the largest budget deficit in its history in June owing to the stimulus packages released to manage the impact of the Covid-19 pandemic. Jon Matonis, chief economist at Cypherpunk Holdings, shared an article on how the US printed more money than in the first two centuries since Read more…
Cryptocurrency exchange Bitfinex is offering $400 million for the return of $1.33 billion worth of Bitcoin BTC stolen by hackers in 2016. “Bitfinex is offering a reward to any persons that connect us with hackers responsible for the unauthorized transfer of almost 120,000 bitcoins from the exchange in August 2016,” said the company in Read more…
This week the price of Bitcoin (BTC) went from about $10,200 to a near $12,000 high, but it was met with resistance and crashed to less than $11,000 within 6 minutes. At press time, it’s trading at $11,200 as it steadily recovers. Ether (ETH), the second-largest cryptocurrency by market capitalization, Read more…
On July 15, a Twitter hack targeting some of the platform’s most high-profile users caused chaos on the site, with Twitter temporarily restricting verified users from posting at all. The hack had users like Bill Gates, Kanye West, and Obama tweeting out a bitcoin scam to millions of followers. Now, a 17-year-old Read more…
After hitting levels [$12,100] last seen a year ago, bitcoin witnessed a crash that dumped the price to $10,559. Not only did this cause liquidation of positions worth a billion-dollar but also reset market sentiment from extremely greedy to greedy. Trading just above $11,000, there seems to be a visible fear among bulls as the price Read more…
US travel management company CWT paid 414 Bitcoin, worth $4.5 million, to hackers who stole sensitive corporate files and reportedly knocked 30,000 computers offline. Crypto exchange Binance CEO said, “Again, not bitcoin’s fault, but as we inevitably evolve into a more digital civilization, all businesses new and old will need to Read more…
The correlation between Ethereum and Bitcoin has dropped off, data from Skew shows. It could suggest that the market is maturing as it enters a new phase. Researchers at Skew said: “Short-term correlation between Bitcoin and ether is dropping further. Is this officially the end of a nearly three years long Read more…
Today is the first day of August, and this means that a few hours ago, the monthly candle of July closed. A surprising fact is that only once in its history, Bitcoin had recorded a monthly close higher than yesterday’s – and that was during December 2017 – the peak Read more…