Bitcoin is holding steady at $9,300. It’s a good sign that bitcoin can remain firm over the weekend, and $10,000 may not be too far off the mark. The largest rewards are now being witnessed in mining. It was recently speculated how profitable mining could truly be if bitcoin’s price remained under $8,600. Figures like Fundstrat’s Tom Lee were discussing the notion of bitcoin mining losing full profitability, but now bitcoin stands $700 above the mentioned position. A few weeks ago, for example, a 1080ti GPU from Nvidia was earning about eight dollars a day. That meant a miner couldPowered by WPeMatico
Bitcoin is now trading for just under $9,400. This is a near $200 spike from yesterday’s $9,200, which in turn, was a solid increase over bitcoin’s previous position of $8,800. The total cryptocurrency market cap has now surged beyond $420 billion, and investors are breaking out the champagne. One of the reasons behind the jump may be the island nation of Malta. The small country has been developing a reputation of late as one of the biggest bitcoin and blockchain havens in the world, with several trading exchanges from Binance to OKEx relocating to its serene, coastal atmospheres. Malta is
Bitcoin prices and cryptocurrency spot markets, in general, have been recovering after the downturn that took place from mid-December 2017 up until three weeks ago. At the time, when BTC derivatives products were introduced to the public, futures contracts got off to a slow start. Now bitcoin-based futures markets from the Chicago Board Options Exchange […]
Bitcoin has jumped to just over $9,200. That’s a $400 increase from yesterday’s trading position of $8,800, and it appears the bulls are back in the game. The last 48 hours had everyone worried somewhat, with the currency experiencing a $500 drop from its recent high of $9,300. A whirlwind of phony deals and Mt. Gox maneuvers may have potentially led to a dip in the currency’s price, though it appears the worry and fear has largely dissipated thanks to some newfound regulatory steps in Europe. France – a country infamous for its maltreatment of bitcoin and related cryptocurrencies –
Bitcoin has dropped to $8,800. This is a $100 drop from yesterday’s $8,900, which in turn was a fall from the currency’s previous high of $9,300 last Tuesday. People are scratching their heads and wondering what’s going on. Bitcoin’s market cap has sunk from $158 billion to $140 billion in less than 24 hours. Analysts were sure a bull run was imminent and likely to continue through the summer, but after two consistent falls from grace and a near five percent slump within 48 hours, it’s safe to say that some are a little confused. Were the analysts wrong, or
While cryptocurrency is constantly changing, one value that has persisted since the early days is an unwavering commitment to memes. From HODL to BearWhale, the crypto community has primarily kept the culture of the sphere lighthearted and playful. The most recent manifestation of this is the infamous Bart Pattern, a price pattern so peculiar that its wonky formation could only occur in such a zany market as cryptocurrency. Spotting the Bart Pattern The Bart Pattern occurs with a sudden, immediate rise in price, which takes the visual form of a massive green candle. This candle is then followed by a horizontal movement that appears directly perpendicular
Bitcoin is currently trading for about $9,000. This is roughly $300 less than yesterday’s high of $9,333, which sent both investors and analysts flying. It is also a near-three percent drop in 24 hours. At press time, bitcoin’s overall market cap has fallen to about $154 billion. Though a slide may be in the books, experts say that this is nothing to get too concerned about, and that the bullish trends are likely to continue in the long run. Trevor Gerszt – CEO of cryptocurrency investment firm Coin IRA – explains that the recent fall is part of a larger
It happened, folks! Bitcoin has broken $9,000! At press time, the currency is trading for just under $9,400 – a near $500 rise from yesterday’s high. Billionaire tech investor Tim Draper is referring to bitcoin as bigger than both the Internet and the Industrial Revolution, and with so many analysts predicting another massive breakout in the coming months, he may not be far off the mark. This is the first time since early March that the currency has struck this kind of territory, and most experts seem to be pointing their fingers and shouting, “I told you so.” “I’m not
Bitcoin’s price remains virtually unchanged from yesterday’s $8,900 mark. While $9,000 hasn’t been reached just yet, sentiment remains that the currency could strike this territory in the coming days. What’s interesting is that despite certain regulatory maneuvers inching forward, bitcoin and cryptocurrencies remain popular enough to fight ongoing resistance levels. In the past, when bitcoin was younger, the slightest move against its decentralized nature was known to make its price suffer, but now, things appear to be stabilizing somewhat. RBI, for example, recently made headlines when it announced that it would no longer support cryptocurrency ventures, thus leaving several businesses
At press time, bitcoin has swelled past the $8,900 mark, and it is expected to surpass $9,000 by early next week. Since yesterday, it has risen by over $100. In addition, the cryptocurrency market has jumped from roughly $324 billion to $385 billion since April 16, marking a $60+ billion spike in less than seven days. One of the reasons for the jump may be action occurring in South Korea. As a nation responsible for over one-quarter of the world’s cryptocurrency trades, South Korea usually sells digital assets at higher prices than neighboring countries like Japan, China and even the