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The bullish action witnessed by the cryptocurrency markets last week has seen many leading markets break above the bearish descending channels which have guided price action in recent weeks. The last couple of days has seen the many markets retrace – with many traders closely watching to see if the markets can hold up and […]
The post Markets Update: Leading Cryptocurrencies Break Above Bear Channels appeared first on Bitcoin News.
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In our latest historic snapshot analysis, we look at the performance of the top ten cryptocurrency markets since May 28th, 2017. Despite suffering heavy losses during 2018, the average price gain of the top ten markets has been 170% when compared with prices from 12 months ago, with only one of the then leading markets […]
The post Despite 2018 Bear Trend, Top Ten Crypto Markets of 2017 Gain Average of 170% in 12 Months appeared first on Bitcoin News.
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This week has marked the duration of the fourth annual Consensus conference, the largest cryptocurrency conference in the world. As attendance more than quadrupled from 2017, to over 9,000 attendees, there was plenty of hype and heavy anticipation of the positive effect Consensus 2018 would have on cryptocurrency markets. Unfortunately, the conclusion of Consesnsus 2018 has not had the positive impact expected. Since local highs from May 15, the global cryptocurrency market has net a loss of over 10%, and this trend has not yet shown signs of slowing. In contrast, the previous three conferences had spawned massive bull runs,Powered by WPeMatico
Cai Wensheng, the founder of Meitu Inc., a Chinese technology company that makes smartphones and selfie apps, has announced that his bitcoin holdings have reached a personal milestone of 10,000 BTC. Mr. Wensheng also discussed his investments in alternative cryptocurrencies, and compared the present state of the cryptocurrency sector to that of the internet of […]
The post Meitu Founder Announces Accumulation of 10,000 Bitcoins in 2018 appeared first on Bitcoin News.
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Pantera Capital Management, a leading investor in the cryptocurrency sector, has predicted with “strong conviction” that bitcoin has established a local bottom. The fund anticipates that $6,500 will comprise the low of the current bear market, anticipating that the markets are likely to break into new all-time highs within 12 months. Also Read: These Countries Won’t […]
The post Pantera Capital Predicts Record BTC Prices Within 12 Months appeared first on Bitcoin News.
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Welcome to Bitcoin in Brief, a new feature debuting today. Breaking stories, crypto drama, exchange updates, and other talking points from the fast-paced cryptocurrency world can all be found in this daily roundup. Bitcoin in Brief is for everyone who’s long on bitcoin but short on time. Also read: Chinese Engineer Arrested for Stealing 100 Bitcoin […]
The post Bitcoin in Brief: Blockchain Wars and a Sleuth of Bears appeared first on Bitcoin News.
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With each coming day, the price of Bitcoin edges nearer and nearer to 2018 lows of just above US$6,000 achieved in early February. In the last days of March, Bitcoin saw yet another tumble, as the price saw an extended stay below $7,000, the longest period of time throughout 2018 spent in the 6k range. While April Fool’s Day saw a slew of comical and tacky crypto-pranks alike, Bitcoin’s April 1 dip was no joke. After starting out Easter Sunday pegged at US$7,000, BTC continually bled, until it fell to a midday low of $6,500, a drop of over 7%.Powered by WPeMatico
In just the past week, the global market cap of all cryptocurrencies has fallen close to US$70 billion. In that same period, Bitcoin (BTC) has fallen 20% from a local high of US$9,000 to its current price of $7,500. Despite a number of bullish sentiments and news recently, the price of Bitcoin and cryptocurrencies across the board continues to fall. On the same day that Forbes called for a $20,000 Bitcoin, the price fell 5% further. Bitcoin currently sits at just above US$7,500, directly following a low of $7,410. With every passing dip, speculators and hopefuls call the bottom. WhilePowered by WPeMatico
Through this extended downtrend, one coin being challenged heavily is Ethereum (ETH). Ethereum has been subject to massive bleed since its peak prices earlier in this year. Today, ETH is trading below US$450, the lowest since December 7. Following December 7, Ethereum saw an explosion- tripling in value. Unfortunately, these gains have now been almost entirely erased. Beyond the overarching pressure of a global bear market, Ethereum has been subject to increased pressure due to the further developments of a number of cryptocurrencies and crypto-initiatives seeking to overtake the blockchain application platform. It can be argued that these competitors arePowered by WPeMatico
With every green candle in the past two months, cryptocurrency supporters hope the bear trend has ended. However, after each extended period of appreciation, it seems as if an even longer and steeper sea of red is experienced after. Yesterday, technical analysts and spectators alike scratched their heads at Bitcoin’s inexplicable chart. Although the unexpected is the norm throughout cryptocurrency, Monday’s Bitcoin chart sparked a slew of attention on Twitter and throughout relevant communities. On six separate instances in the past day, Bitcoin saw red or green half hour candles of $100 or more. Most prominently, a pump of over $300 wasPowered by WPeMatico