Cryptocurrency advocates woke up to the good news that bitcoin is trading for around $8,900. Bitcoin is expected to break $9,000 by next week as markets and regulators alike appear to be taking on a more bullish stance. Bitcoin spent nearly 24 hours hovering in limbo. Stuck at the $8,600 mark, traders were unclear about whether the short, sporadic price hikes Fundstrat’s Thomas Lee recently spoke of would occur in the immediate future. Now, it appears the analyst’s predictions are inching closer to reality. There are many alleged reasons behind the sudden price jump. A large one stems from FrenchPowered by WPeMatico
Bitcoin’s price incurred a slight fall during today’s early morning hours. After trading at just under $9,000 for most of yesterday, bitcoin is down to around $8,600 at press time. There appear to be several reasons for the drop. The first comes by way of the U.K. Authorities are laying out plans to implement a task force designed to assist in governing cryptocurrency usage to better understand the risks involved. The group will likely involve the Bank of England, the Financial Conduct Authority and the treasury. For the most part, the U.K. has remained primarily skeptical of digital assets. While
Bitcoin is allegedly entering a recovery phase, and is now trading for just under $9,000. Following two harsh weeks of negative sentiment from both Google and Twitter, bitcoin is once again showing an ability to surpass the latest resistance levels and spike through new territory. Many allege that a positive response to this year’s recent G20 summit has a lot to do with bitcoin’s recent “high.” While $9,000 doesn’t seem like much – especially in comparison to last year’s December figures – it remains strong when compared with bitcoin’s low point of roughly $7,600 witnessed earlier this week. The 2018
Bitcoin has endured an impressive price hike. After yesterday’s short jump to approximately $8,300, the currency has seemingly increased by over $500, and is trading at just under $8,900. It’s a nice bit of news for crypto advocates, and the coin could potentially be trading at $9,000 in just a matter of days. One source goes so far as to suggest the bitcoin bear run may have reached an official end. Fundstrat’s Thomas Lee, which has remained a strong proponent of bitcoin and its ever-changing technology, states that the recent crash may have affected bitcoin, but was directed primarily towards
Bitcoin has enjoyed a small jump following yesterday’s monthly low. At press time, the coin is trading for just over $8,300 following a rough stint that saw it meandering at the $7,600 mark during the early hours of March 18. For every factor contributing to bitcoin’s rise, there seems to be one knocking it back. Originally hovering at around $8,500 during the morning of March 19, bitcoin’s price fell to its current spot after President Donald Trump announced that he was banning American residents from purchasing or trading Venezuela’s cryptocurrency the “petro.” While allegedly created to assist in the country’s
This week bitcoin cash (BCH) prices touched a low of $850 per coin, after following suit with the majority of other digital assets taking losses over the past five days. The price started to reverse yesterday evening and has climbed 11 percent in value touching $992 during the March 19 afternoon trading sessions (EDT). Also […]
Bitcoin has endured a rough couple of weeks. Following a stint that saw it trading for nearly $10,000, bitcoin sunk last Wednesday by over $1,000 following Google’s announcement that it would ban cryptocurrency and ICO-related advertisements this coming June. Sadly, despite a few brief price hikes between $8,100 and $8,500, the price has fallen to a one-month low of $7,600. The move likely stems from Twitter’s recent announcement that it would begin banning cryptocurrency ads within the next two weeks. Should the platform take such action, Twitter would ultimately become the third major player to strike against bitcoin after Google
According to a study conducted by Wall Street analyst, Tom Lee’s agency, Fundstrat, BTC prices below the $8K range make it awfully difficult for miners to gain revenue. Lee details that at a global average rate of six cents per kilowatt-hour, some BTC miners are either breaking even right now or mining the cryptocurrency at […]
At press time, bitcoin is trading for just over $8,000 – a solid dip from yesterday’s high of about $8,500, though it is a step above today’s previous low of $7,700. Bitcoin is struggling to stay afloat, but many outside factors are looking to prevent this. One involves ongoing regulation in South Korea. The country accounts for over one quarter of the world’s bitcoin and cryptocurrency trades, making it a very important candle-holder in the digital asset arena. However, as activities in South Korea grow and bitcoin continues to garner popularity, regulators are seeing a stronger need to interfere. The
Bitcoin enthusiasts woke up to a bit of good news. Following yesterday’s uninspiring price hold at $8,100, bitcoin has jumped by approximately $400 and is now trading at the $8,500 mark – a potential sign that the bulls are making a return. No doubt, it has been a stressful period for the father of cryptocurrencies. Following Google’s recent announcement that it would no longer support crypto and ICO-related ads on its platform, the prices of bitcoin and several altcoins ultimately plummeted to lows not experienced since last February. Now, only halfway through March, it’s refreshing to see digital currency picking