Fundstrat’s Thomas Lee: Weakness in Bitcoin Is Caused by Futures Expiration
Thomas Lee suggests that the recent decline of BTC price was the result of the expiration of BTC futures Go to Source Powered by WPeMatico
Bitcoin Price
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Bitcoin Price Watch: Currency Shoots Up to $6,600
At press time, the father of cryptocurrencies has shot up by over $400, and is now trading for $6,650. After many analysts stated that the $5,000 range was imminent, it appears bitcoin has impressed (and surprised) us once again by halting its descent earlier than expected. Whether it shoots back up to the $7,000 range … Read more
Ripple CEO Claims Bitcoin Is Under Control of Small Group of Miners From China
Ripple’s CEO Brad Garlinghouse claims that “Bitcoin is controlled by China” through “four miners that control over 50%” of the leading cryptocurrency Go to Source Powered by WPeMatico
Bitcoin Price Fell 11% in 24 Hours: What Triggered the Drop and What Lies Ahead?
Many analysts and mainstream media outlets including Bloomberg and the Wall Street Journal attributed the recent drop in the Bitcoin price from $7,500 to $6,700 to the hacking attack suffered by Coinrail, a minor cryptocurrency exchange in South Korea. However, the reasoning behind attributing the latest correction to Coinrail is incorrect, given that Coinrail is … Read more
Bitcoin Price Watch: Currency Falls By $500
In an extremely disappointing move today, the father of digital currencies has fallen by an additional $500 and is now trading for just over $6,200. This is very disheartening news, as recovery does not appear to be in sight, and the $5,000 range for bitcoin seems imminent – a fate we were all hoping to … Read more
Research: Tether, Bitfinex ‘Manipulation’ Reason Behind 2017 Bitcoin Price Highs
Extant suspicions Tether “manipulated” Bitcoin prices have been joined by new research, The New York Times reports Go to Source Powered by WPeMatico
Bearish Crypto Markets See BTC Falling Below $6,500, ETH Down Under $500
Bitcoin has fallen below $6,500, Ethereum is under $500, and total market cap is down to $274 bln as of press time Go to Source Powered by WPeMatico
Bitcoin Price Watch: Currency Hasn’t Moved in 48 Hours
At press time, bitcoin is still standing at the $7,600 mark. For the last two days, bitcoin hasn’t moved, and has been trapped in the red over news of a Coinrail hack and subpoenas issued by the Commodity Futures Trading Commission (CFTC) regarding bitcoin futures trading data. But is all this negativity short-lived? While it’s … Read more
Bitcoin Price: $6,800 Seems to Hold Despite More Imminent Bearish Pressure
The uneasy situation affecting all cryptocurrency markets will remain in place for some time to come. Despite some minor gains for most currencies, it seems there is still plenty of negative pressure. As such, the question becomes whether or not the Bitcoin price will remain above $6,800 today. So far, it’s not looking too promising. … Read more
Bearish Markets See Only Slight Gains – BTC Still Below $7k, ETH Testing $500
Bearish markets see only slight recovery today, with BTC still below $7k and ETH testing $500 Go to Source Powered by WPeMatico