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
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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
Bitcoin Price Watch: Currency Sits at $7,600
At press time, nothing has changed regarding the bitcoin price. The father of cryptocurrencies is sitting at $6,700 – a price it has held for roughly 24 hours, and recovery doesn’t appear imminent anytime soon. The mega-drop that hit the asset during yesterday’s morning hours stem from two likely sources. The first is the hack … Read more
Buy the FUD: Mainstream Media Convinced Coinrail Hack Caused Crypto Price Plunge
Mainstream media misleadingly points to hack of small S. Korean exchange Coinrail as cause of current crypto market dip Go to Source Powered by WPeMatico
Bitcoin Price: Sideways Momentum Can Turn $6.800 Into new Support Level
Most cryptocurrency holders and investors aren’t happy with the way the markets are evolving as of right now. That is only normal, as the Bitcoin price determines the fate of the rest of the pack. In the case of the Bitcoin price, it seems the dip is nearly over, albeit the sideways trading momentum doesn’t … Read more
Bitcoin Price Fell 11% in 24 Hours: What Triggered the Fall and What Lies Ahead?
Many analysts and mainstream media outlets including Bloomberg and WSJ have attributed the recent decline 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 the attribution of the latest correction to Coinrail is incorrect, given that Coinrail is … Read more
Bitcoin Price Watch: Currency Tanks by Nearly $1,000
At press time, the price of bitcoin has fallen dramatically, and the currency is now trading for just over $6,700. This is about $900 less than where it stood just 24 hours ago. Investors were excited by the prospects that bitcoin had recently struck the $7,700 mark, and could potentially hit $8,000 again in the … Read more