Bitcoin

  • Alipay Refutes Binance Fiat-Crypto On-Ramp, Will Stop Bitcoin Transactions

    This week, popular crypto exchange Binance revealed that it added two new fiat on-ramps for Chinese customers to buy Bitcoin, through popular peer-to-peer platforms Alipay and WeChat. But just as word had begun to spread of the new addition to the world’s crypto market leader, Alipay is now refuting the claim and says that it will “immediately stop payment services” if the transaction is identified as being related to Bitcoin or other crypto assets. Not So Fast, Binance, Alipay To Block Crypto & Bitcoin Transactions The young crypto market is still an arms race for crypto exchanges, trading platforms, and other crypto-related services such as wallets, price aggregators, and more. Competition is always looking to one-up one another, and claim as much market share as they can as their own. No crypto exchange has done a better job coming out swinging and stealing market share from the rest of the competition as Binance has. The crypto exchange exploded on the scene at the tail end of 2017, and in just two short years has grown to become the leader in…

    Oct 11, 2019
  • Expert believes Bitcoin price to see new low: Is $6000 close?

    The majority of 2019 went well for Bitcoin (BTC); Bitcoin price was in uptrend. But after Bitcoin price hit the bear bottom at three-thousand and two hundred dollars ($3200), it went parabolic till it topped out at fourteen thousand dollars ($14000). After the reversal of the bullish trend, Bitcoin consolidated in a symmetrical triangle for three solid months. The crypto analysts are of the view that the downtrend is at its peak, and any rebounds in values to higher levels going to be opportunities for profitable short-term entry. Bitcoin price may go full swing downtrend Throughout 2019, most of the crypto analysts agreed that Bitcoin price was well on its way towards a new bullish trend, and any drop might bring an opportunity for purchasing or opening a long-term trade position. A significant drop eventually happened after the BTC was rejected from fourteen-thousand dollars ($14000), and the buyers were not able to sustain the BTC price above ten-thousand dollars ($10,000), thereby, breaking the multi-month long triangle and consequently inducing a bearish reversal. One of the crypto analysts who is famous…

    Oct 9, 2019
  • Why Analyst Says Bitcoin Price Likely to Recover to $9,000 After 23% Pullback

    The bitcoin price (BTC) fell by more than 23 percent against the U.S. dollar in the past week, triggering a fierce correction in the cryptocurrency market. Since falling to $7,700, the bitcoin price has recovered to $8,200, critically avoiding a steep drop to the low $7,000 region to test low-level supports in the short term. Luke Martin, a cryptocurrency trader, said that an upside to $9,000 is expected for bitcoin following its recovery, which would relieve some of the pressure on the cryptocurrency market. Major factors for a recovery to $9,000 for the bitcoin price According to Martin, historically, the expiration of the CME bitcoin futures contracts have had a positive impact on the price trend of BTC. Last month, for instance, a week following the CME bitcoin futures expiration, the price of BTC recovered by 11 percent against the USD. “Price had just dropped below 9,600 and it remained to be seen whether BTC price was going to recover and have positive returns after expiration. It did. Still a small data set, but worth paying attention to,” he said….

    Sep 29, 2019
  • Bitcoin Bull Market May Have Ended, How Low Will BTC Go?

    This week’s monumental market crash has resulted in Bitcoin dumping 20 percent in just a couple of days. Technical indicators are now showing that a trend reversal could be imminent and the end of the 2019 bull market may have just begun. Bitcoin Bull Market Over? Bitcoin could only manage a feeble climb to $8,640 over the past few hours which indicates that more pain lies ahead. The bulls have all left for hills leaving the bears gearing up to inflict more pain on crypto markets. At the time of writing Bitcoin has pulled back below $8,400 but appears to be holding here for the time being. As yet there has been no fall into the $7,000 region but the longer BTC flails around current levels the more likely this will be. Trader and analyst ‘Crypto Hamster’ noted that BTC has never dropped out of the Bollinger Bands in a bull market before. “Bitcoin have NEVER dropped below the lower Bollinger Band on a bull market so far. Now it is at ~7700$. So, either ~8k is a bottom, or…

    Sep 26, 2019
  • Bitcoin Dumps 5% In An Hour As Predicted Slide Begins

    Following a week of consolidation in an ever tightening channel Bitcoin finally made its move today. Many had been predicting it would be to the downside and they were correct as the king of crypto slumped 5% in an hour plunging back into the mid-$9,000 zone. Monster Red Bitcoin Candle Just an hour or so ago one huge red candle plunged Bitcoin prices through support at $10,100 and back into four figures. The move culminated in a bottoming at a previous support level at $9,600 but things bounced off this price quickly. BTC price 1 hour chart – Tradingview.com The move had been predicted by many analysts who suggested there would be a final phase down to below $9k before any meaningful upside rally can continue. Bitcoin traders were quick off the mark to seek new support levels and predict BTC’s next move. Josh Rager added that there was nothing unexpected about this move but things could turn south below $9,400. “Not really worried unless price breaks and closes below $9400 again. This is the area to keep an eye…

    Sep 19, 2019
  • ECB Revives Plans for a Rival Coin to Libra & Bitcoin

    It seems Facebook’s woes are starting to mount as the European Central Bank (ECB) revives plans to create its own digital currency in direct competition to Libra and bitcoin. Yet another Libra challenger steps up to the plate. This time, it isn’t China’s incipient central bank digital currency (CBDC) but instead a newly proposed CBDC from the ECB. According to Reuters, speaking at a news conference after a meeting of EU finance ministers in Helsinki, ECB board member Benoit Coeure noted that Libra was a “wake-up call.” “We also need to step up our thinking on a central bank digital currency.” Eurocoin vs. Libra This “wake up call” has allegedly resuscitated the ECB’s long-term efforts to create a digital currency. An official at the ECB gave an idea of some characteristics of the proposed project. Allegedly, the CBDC will be a digital form of cash that could be deposited directly at the ECB, negating the need for bank accounts or intermediaries. Unfortunately, things turned even sourer for Libra. Bruno Le Maire and Olaf Scholz, respective finance ministers for France and…

    Sep 18, 2019
  • Bitcoin Is the Fraud? JPMorgan Metals Desk Fixed Gold Prices for Years

    As Bloomberg reported on Sept. 16, JPMorgan Chase is facing an inquiry over the behavior of at least a dozen precious metals traders.

    Sep 17, 2019
  • Bitcoin price will hit $200k in cycles: Bobby Lee

    China’s cryptocurrency exchange’s founder, Bobby Lee, has expressed that the Bitcoin price will likely hit two hundred thousand dollars ($200K), albeit in cycles. He believes that Bitcoin price would be experiencing what he called “boom-and-bust days” and crypto assets would make their way to mark. Would the Bitcoin price hit $200k? Crypto enthusiasts have always believed that someday Bitcoin price would be worth the trouble and Bitcoin would turn into a fortune. Previously, various analysts have provided with their predictions; some gave long-term predictions, and some gave short term predictions. Bobby Lee has also joined this league of enthusiastic analysts. He reportedly stated that people should not have felt doom-and-gloom as there is more to come. He further stated that many cycles are to come, and any cycle could take the price of Bitcoin to unprecedented heights. He seemed confident about his claim that in a short period, the Bitcoin investment could exceed twenty thousand dollars to fifty thousand dollars ($20,000 – $50,000). He believes that the Bitcoin price would then move to a hundred thousand dollars ($100,000) and even…

    Sep 16, 2019
  • Bitcoin Price Shown Alongside Dollar and Euro in Square: Gone Mainstream

    Ever since Bitcoin (BTC) was birthed, its early adopters have dreamed of a world where cryptocurrency is the go-to medium of exchange, not fiat currencies. But, ten years since Bitcoin was released, this dream has not been had. Related Reading: Bitcoin Pioneer Adam Back: BTC Price at $50,000 “Not Far Off” Cryptocurrency pundits on Twitter estimate that less than 1% of the world’s population know anything material about this technology; Bitcoin itself processes much less than 1% of all digital transactions (Amazon alone purportedly processes over 300 transactions a second) that take place each and every day. But, there is increasing evidence that the digital asset is going mainstream slowly at first, then all at once. Bitcoin Going Mainstream Didi Taihuttu is the Dad of the renowned Bitcoin family, who famously sold all their worldly possessions for the cryptocurrency a number of years back. Since then, they have been traveling the world to promote this industry and show how it’s possible to live off cryptocurrency. The Taihuttus recently set down in Turkey. And interestingly, they found that there, Bitcoin has…

    Sep 9, 2019
  • Bitcoin Price Plummeted Below $10k Overnight; Here’s What Analysts Think

    Several traders and analysts had earlier warned that bitcoin was heading for $8000 after it fell to $10,300 earlier this week.

    Aug 30, 2019
  • 3 Key Indicators Suggest Bitcoin Price Is Ready for a Massive Move

    Let’s take a comprehensive view of Bitcon price action to gain clarity on the bullish and bearish scenario with special focus on three indicators: Crypto Fear & Greed Index, the Bitcoin Golden Ratio Multiplier and Bollinger Bands.

    Aug 28, 2019
  • Bitcoin And Crypto Market Could Decline Further: BCH, XLM, EOS, TRX Analysis

    Bitcoin (BTC) and the crypto market cap are likely to extend their decline. Ethereum (ETH), BCH, stellar (XLM), ADA, EOS, ripple, and tron (TRX) are also following a bearish bias.

    Aug 28, 2019

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