Markets

Bitcoin Hovers Near $7,000, While Altcoins Show Marked Signs of Recovery

2 weeks ago admin2 0
August 5: After yesterday’s market nosedive, Bitcoin (BTC) is up just slightly, hovering around the $7,000 mark. All major altcoins are however showing marked signs of recovery, up between one and seven percent, as data from Coin360 shows. Market visualization from Coin360 Bitcoin (BTC) is trading around $7,040 to press time, holding ground on the Read More

OKEx Confirms $9 Million Clawback After ‘Enormous’ Bitcoin Future Fails

2 weeks ago admin2 Comments Off on OKEx Confirms $9 Million Clawback After ‘Enormous’ Bitcoin Future Fails
After a user made an “enormous” gamble on bitcoin futures, and lost, Hong Kong-based cryptocurrency exchange OKEx said it is having to claw back millions from counterparties. The exchange explained on Friday that it force-liquidated an “unusually large” long position of 4,168,515 bitcoin futures contracts held by a client on July 31 after the user declined Read More

Bitcoin Eyes Short-Term Bear Market After Two-Week Lows

2 weeks ago admin2 Comments Off on Bitcoin Eyes Short-Term Bear Market After Two-Week Lows
Bitcoin’s (BTC) price pullback from the recent highs above $8,500 is increasingly looking like a short-term bear market on the technical charts. The leading cryptocurrency fell to a two-week low of $7,282 earlier today on Biffinex and was last seen trading at $7,350 – down 3 percent on a 24-hour basis. The sell-off from the Read More

First Crypto Firm IPO on London Stock Exchange Raises $32.5 Million

2 weeks ago admin2 Comments Off on First Crypto Firm IPO on London Stock Exchange Raises $32.5 Million
A crypto mining company has raised £25 million (about $32.5 million) through an IPO on the London Stock Exchange (LSE). U.K.-based Argo Mining (ticker: ARB), which provides “accessible” crypto mining via a subscription service, is the first crypto company to be listed on the LSE. The company raised £5 million (about $6.5 million) more than its initial Read More

Bitcoin Bulls Defend $7,450 But Need Progress Soon

3 weeks ago admin2 Comments Off on Bitcoin Bulls Defend $7,450 But Need Progress Soon
Having defended the key support of $7,455, bitcoin bulls now need a quick move higher in order to neutralize the threat of a short-term bearish reversal. As of writing, the cryptocurrency is trading at $7,560 on Bitfinex – down 11 percent from the recent high of $8,507, as per Bitfinex data, but is still up Read More

Bitcoin’s Price Moves Below $8K as Bull Case Weakens

3 weeks ago admin2 Comments Off on Bitcoin’s Price Moves Below $8K as Bull Case Weakens
Bitcoin’s price risks deeper losses below $8,000 as the bears seem to be winning a four-day-long tug-of-war with the bulls. At press time, BTC is changing hands at $7,950 on Bitfinex – down 2 percent in the last 24 hours – having clocked a low of $7,930 earlier today. The cryptocurrency has been largely restricted to Read More

Total Crypto Market Cap Sees Slight Decline, Bitcoin Keeps Holding Its Position

3 weeks ago admin2 Comments Off on Total Crypto Market Cap Sees Slight Decline, Bitcoin Keeps Holding Its Position
Sunday, July 29: crypto markets have seen diverging trends over a 24 hour period, with nine out of the ten top cryptocurrencies by market cap slightly in the green, according to Coinmarketcap. Bitcoin (BTC) is slightly up by less than one percent over the past 24 hours and is trading at around $8,206 at press Read More

Bitcoin Retains Bull Bias Despite Price Drop to Below $8K

3 weeks ago admin2 Comments Off on Bitcoin Retains Bull Bias Despite Price Drop to Below $8K
Bitcoin’s (BTC) drop below $8,000 yesterday may have tempered the positive mood in the market, but the broader outlook still remains bullish, technical charts indicate. The overnight drop in price came soon after the Securities and Exchange Commission’s (SEC) second rejection of the Winklevoss brothers’ application for a bitcoin ETF. While the decision may have Read More

What Volatility? How Facebook’s Historic Loss Became Crypto’s Gain

3 weeks ago admin2 Comments Off on What Volatility? How Facebook’s Historic Loss Became Crypto’s Gain
July 26 might be forever remembered as one of the darkest days in Facebook’s history – or, at the very least, for its shareholders. An otherwise unassuming Thursday, the day saw the social media giant lose more than $120 billion in market value, the biggest loss in one day for any U.S. traded company. According Read More