Breakdown Over? Bitcoin Indicators Suggest Price Outlook Is Improving

22 hours ago admin2 0
Bitcoin looks to have fought off a recent bear market breakdown that saw prices landing just above the yearly low of $5,755. Bitcoin dropped to $5,858 yesterday at 02:00 UTC, just $103 shy of this year’s bottom, according to Bitfinex data. The suffering has been even worse for much of the altcoin market, some of Read More

Reality Shares Will Join Increasingly Crowded Bitcoin Hedge Fund Arena, Says Source

22 hours ago admin2 0
California-based asset manager Reality Shares has become the latest competitor in the Bitcoin hedge fund space, an anonymous source told Business Insider August 15. Reality Shares, which became known in the cryptocurrency space this year after launching the first Chinese blockchain ETF in June, has reportedly already attracted $25 million for the fund. Capped at Read More

Under Pressure: Bitcoin Price Could Defend $5.6K, Charts Say

2 days ago admin2 0
Down two-thirds from its December all-time high of $20,000, bitcoin (BTC) now risks printing fresh 2018 lows below $5,755. The corrective rally seen over the weekend failed to penetrate the key rising trendline hurdle of $6,480 on Monday, allowing the bears to make a strong comeback. As a result, the leading cryptocurrency fell below $6,000 Read More

Bitcoin Price Intraday Analysis: BTCUSD Falls to Lowest since June

2 days ago admin2 0
Bitcoin continues to extend its downward momentum on Tuesday, lately falling to its lowest trading since June this year. The BTC/USD today opened at 6250-fiat and started recording losses thereafter – during the early Asian trading session. The pair formed a bear pole in pursuance of a breakout towards the south, as we had predicted Read More

Below $200 Billion: Crypto Market Sinks to New 2018 Low

2 days ago admin2 0
Falling prices have sent the total market capitalization of all cryptocurrencies back below $200 billion. Data from CoinMarketCap shows the total market cap slid to $189 billion on Tuesday, a move that follows successive days of market declines. The market cap first rose above $200 billion in November 2017, a development spurred at the time Read More

Bitcoin’s Price Falls Below $6K to Near 2018 Low

2 days ago admin2 0
The price of bitcoin fell below $6,000 on Tuesday, a move that brought the world’s largest cryptocurrency within 2 percent of its 2018 low. At press time, bitcoin is trading hands at $5,922, printing a 5 percent 24-hour depreciation, according to the CoinDesk Bitcoin Price Index, up slightly from a low of $5,785 set June 24. Read More

Crypto Millionaire Lost 5,500 Bitcoins in Alleged Investment Scam

3 days ago admin2 0
A 22-year-old cryptocurrency millionaire has lost more than 5,500 bitcoins in an alleged investment scam in Thailand that drew public attention due to the alleged involvement of a Thai film actor. According to a media report from Bangkok Post on Monday, a group of Thai people approached and solicited Finnish businessman Aarni Otava Saarimaa in Read More

Today’s Close Could be Pivotal for Bitcoin’s Price

4 days ago admin2 0
Bitcoin’s (BTC) close today will likely decide the short-term trend in prices. The leading cryptocurrency snapped a three-day losing streak on Thursday as the 26 percent sell-off witnessed in the last three weeks was looking overstretched. What’s more important is that BTC traded yesterday within the high and low range of the previous day, indicating Read More