Bitcoin Teeters on $10K, But Can It Fend Off Another Bear? Bitcoin’s recent market movements have thrown into contention consensus about its short-term price direction, with traders asking openly if demand is strong enough to fend off another bear market. Such a question has emerged in the wake of the world’s largest cryptocurrency’s inability to […]
Winklevoss Twins – Bitcoin is Going in the Right Direction The story of Bitcoin has been nothing short of a rollercoaster. The asset had to ensure several years of relative obscurity before finding fame in a 2017 boom and crashing right back down in 2018. However, the world’s most popular asset is back, and Bitcoin […]
Bitcoin {BTC} breaches the 10.5k mark – Switzerland and U.S. politicians meet following release of LIBRA After bears had brought BTC all the way down to $10,000 a trend reversal occurred. This had helped Bitcoin rally along with the majority of the altcoins. Once again, Bitcoin proved its worth over Gold [in spite of the […]
Would bullish divergence keep Bitcoin price above $10000? Another week comes to pass as Bitcoin price hovers at the ten thousand dollars ($10,000) mark and past twenty-four hours (24hrs) have been no different than the price action across the week. Bitcoin (BTC) price plunged down to the low point of nine thousand seven hundred and […]
Bitcoin (BTC) Price Testing Last Line Of Defense With Positive Bias Bitcoin price is showing positive signs and settled above $10,000 against the US Dollar. The price is now trading near the key $10,400 resistance area, which is preventing gains. Yesterday’s highlighted important bearish trend line is acting as a solid resistance near $10,420 on […]
Crypto Market And Bitcoin Approaching Resistance – ETC, BCH, EOS, TRX Analysis The total crypto market cap is currently correcting higher towards the $268.0-$270.0B resistance. Bitcoin price is also approaching towards a major resistance near the $10,200 and $10,250 levels. EOS price recovered more than 5% and it is now trading near the $3.650 resistance. […]
China Plans to Introduce New Crypto to Rival Bitcoin, Say’s Analyst An influential officer of the PBoC at the meeting of China finance 40 groups had declared China’s intention to introduce a sovereign crypto asset. The declaration of this proposed introduction is unexpected at this time due to the ongoing currency war and trade dispute […]
EU Antitrust Regulators Scrutinise Facebook’s “Cryptocurrency” Project Facebook’s Libra project has been questioned by European Union anti-trust regulators. They are concerned about the project, popularly referred to as a cryptocurrency, restricting competition. Libra has been subject to immense scrutiny already from global policy and law makers. In fact, the company recently admitted that the regulatory […]
The hidden costs of Bitcoin mining Since 2009, Bitcoin mining has grown into a massive operation involving data centres packed with computer processors and racking up massive electric bills Argo Blockchain – The hidden costs of Bitcoin mining Bitcoin mining uses powerful computer processors Mining Bitcoin is an expensive business, mainly due to the extremely […]
Initiative Q Initiative Q is an attempt by ex-PayPal guys to create a new payment system instead of payment cards that were designed in the 1950s. The system uses its own currency, the Q, and to get people to start using the system once it's ready they are allocating Qs for free to people that […]