Bitcoin Price Watch: Currency Rises to $8,800

The bitcoin price is now up by approximately eight percent since the beginning of the week. At press time, the currency is trading for over $8,800, and $9,000 by Monday seems like a done deal granted bitcoin can keep up its current momentum. “We believe that the ‘winter’ is ending for bitcoin,” say Fundstrat Global Advisors’ Tom Lee. “Headline risks seem to be fading quickly.” Lee went on to discuss CoinsharesCrypto ETF, a trading platform situated in Europe. The organization serves as a leading indicator for bitcoin prices. Interestingly, Lee compared the system to Punxatawney Phil – the groundhog that

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Bitcoin Price Watch: Currency Hits $8,500

The price of bitcoin has shot up by roughly $300 in the last 24 hours, spiking from its previous $8,200 position. The news marks a massive turn away from the downward spiral bitcoin was enduring just over a week ago, when it’s price stood at a measly $6,600 – approximately 25 percent lower than where it currently sits. Naturally, the next move is for bitcoin to push past the $9,000 mark and strike $9,500 or possibly $10,000 by next week. As good as this may be, bitcoin’s price jump is nothing compared to the surges enjoyed by competing altcoins like

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Bitcoin Price Watch: Currency Jumps Another $100

Bitcoin’s price has risen by another $100 and presently stands at $8,200. According to one source, the next spike may take the currency all the way to $8,500, in which the next goal will be to reach $9,400. Other cryptocurrencies also seem to be “infected” with bitcoin’s rising spirits. Ethereum, for example, is trading at $544 at press time – a $7 hike from yesterday’s $537. Ripple has crossed the $0.70 line, and now trades at $0.72, while bitcoin cash has jumped nearly $60 and is trading at $940. Lastly, litecoin is enjoying new leaps and bounds and is trading

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Researchers Chart BTC holding Periods Called ‘Hodl Waves’

Researchers Chart BTC holding Periods Called 'Hodl Waves'This week Dhruv Bansal the co-founder of Unchained Capital, a cryptocurrency based financial services lending firm released a research study called ‘Bitcoin Data Science: Hodl Waves’ part one. Bansal and his team analyzed the BTC network’s ledger of Unspent Transaction Outputs (UTXO) over a few years and discovered how when BTC lost a large share […]

The post Researchers Chart BTC holding Periods Called ‘Hodl Waves’ appeared first on Bitcoin News.

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Bitcoin Price Watch: Currency Maintains $8,100 Position

The father of cryptocurrencies is holding its mark at $8,100. Following a small drop just 48 hours ago, the currency has risen to its present spot, and has held its ground since yesterday. Bitcoin has allegedly developed a new stronghold following its worst quarter since 2011, and for the most part, analysts remain confident that it will continue to rise through the ranks and strike new highs in 2018. Broker Jim Iuorio, for example, recently commented: “I think it’s going to go higher from here. There have been a lot of regulatory headlines, and bitcoin held in. Now, I think

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Bitcoin Cash Gains Advance 4% Above BTC

Markets Update: Bitcoin Cash Gains Advance 4% Above BTCOn Wednesday, April 18, cryptocurrency markets have been bouncing all around over the past twelve hours as a few coins have seen some higher gains than most. Three-day charts show bitcoin core markets took a slight dip after touching a high of $8,425 USD on April 15, as spot prices are up 2 percent today […]

The post Bitcoin Cash Gains Advance 4% Above BTC appeared first on Bitcoin News.

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Bitcoin Price Watch: Currency Jumps Back to $8,100

At press time, bitcoin has recovered to $8,100 after trading between $7,900 and $8,000 24 hours ago. One of the primary reasons for yesterday’s $400 drop may be Kraken’s recent announcement that it was pulling out of Japan. The San Francisco-based cryptocurrency exchange previously entered the country’s digital currency arena to assist Mt. Gox, the infamous trading platform that declared bankruptcy after losing nearly half-a-billion dollars in BTC. Kraken officials have stated that operations within Japan’s borders are too expensive, and are pulling the plug on its business ventures there. Japan serves as one of the world’s largest bitcoin and

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Bitcoin Price Watch: Currency Suffers Slight Fall to $8,000

Bitcoin’s price has suffered a slight blunder. After spiking to nearly $8,400 over the weekend, the coin fell during today’s early morning hours to $7,900, but has since rebounded to about $8,000 at press time. It’s good news to know that while bitcoin failed to develop stronger resistance during its Sunday high, the drop wasn’t any worse. Joining bitcoin with an exact-matching four percent drop in value is ether, which has fallen from approximately $537 to $503 at the time of writing. In addition, bitcoin cash, Ripple’s XRP and litecoin have all fallen by roughly three percent each. Drops in

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Bitcoin Price Watch: Is Recovery Really Happening?

Bitcoin has jumped another $300. Following yesterday’s slight drop to $8,000 from $8,100, the currency has incurred another impressive hike and now sits within the $8,300 range. Thus far, everything analysts have predicted regarding bitcoin’s behavior in the 2018 second quarter is coming true. The coin saw a massive price jump of roughly $1,200 between April 11 – 13, and the price has stayed strong ever since, and while one could argue that we have only reached the weekend, present indicators suggest that the price rise is not a fluke, and may continue in the coming weeks. Overall, the currency

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Bitcoin Price Watch: Currency is Staying Strong at $8,000

The bitcoin price has fallen by roughly $100, but this isn’t necessarily something to fear or a sign of another impending bear run. The currency has spiked by approximately $1,200 since mid-week, jumping from $6,900 to $8,100 in just under 48 hours, and a small drop in the records isn’t something to get one’s hat in a twist. At press time, most analysts are unanimous in their thoughts that bitcoin and its crypto-cousins are in line for some “monster gains” in the coming weeks. Perhaps the biggest enthusiasm comes from tech billionaire Tim Draper, who recently stated that he believes

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