Bitcoin Languishes at 3-Week Lows, Ethereum Erases Yearly Gains amid Mind-Boggling Crypto Correction
Bitcoin’s sudden selloff on Tuesday highlights just how far cryptocurrencies have fallen the past six months. Bitcoin’s price plunged 4% to $6,584, its lowest in over three weeks. Altcoins hastened their decline, sending the total crypto market to fresh six-month lows. Since peaking in late June, cryptoassets have shed more than $180 billion in combined…
Latest News
Crypto Black Friday Blowout Comes Early, But Who’s Buying ETH, XRP, and LTC?
The following technical analysis will evaluate whether Ethereum, XRP, and Litecoin are bound for a deeper retracement or a bullish impulse. Black Friday seems to have arrived earlier in the cryptocurrency market. But, unlike the real Black Friday, nobody seems to be rushing in to buy cryptos at the current discount rate. According to the…
New Bitcoin.com CEO Lists HEX Scam Token ‘Just Out of Spite’
The CEO of Bitcoin.com, Stefan Rust, has elected to list the controversial HEX (HEX) token just out of spite for Bitcoin maximalists. Newly appointed exchange CEO lists controversial scam token. The move stems from long-running tensions between rival factions within the cryptocurrency world – namely Bitcoin (BTC) and Bitcoin Cash (BCH) supporters. BCH supporters worry…
Bitcoin Price Plunges to $7,400 & Legendary Trader Boasts It’s ‘Dying’
The bitcoin price crashed through another vital support level on Thursday. BTC has now plunged nearly 50% from its mid-year zenith. A legendary bitcoin trader says that this time, it’s “dying” for good. The bitcoin price crashed through another vital support level on Thursday, hastening a decline that has seen the leading cryptocurrency fall nearly…
Altcoin Meltdown Intensifies as Tezos, Ravencoin, VeChain Take the Plunge
The altcoin market sheds more than $2 billion in value on Tuesday. Bitcoin price approaches $7,200 on major exchanges. Volatile trading conditions follow a surprise announcement by Huobi Group that its U.S. operations are closing. Bitcoin’s gravitational pull on the wider cryptocurrency market was evident on Tuesday, as altcoins lost billions in collective value. There…
Bitcoin Price Eyes $8,000 as Bloomberg Signals New Buying Trend
Bitcoin’s price is eyeing a fast return to $8,000. The largest digital currency is still on track for its worst month of 2019. Bitcoin Fear & Greed Index shows investor sentiment has recovered slightly from last week’s FUD-induced selloff. Bitcoin’s price made another move higher on Friday following one of the biggest percentage gains of…
Holders of Over 11 Million Bitcoin are Proving That Hodl Is Not Just a Meme
HODL is such a popular trading strategy in the crypto community that it has transcended into a meme. HODLers are flexing their muscles as they refuse to sell even if they are in profits. Add to that the halving and we have the recipe for bitcoin rocket fuel. Many bitcoin traders laugh at the idea…
Registration Kicks Off For Global BTC Trading Competition
Registration for Bybit’s inaugural BTC Brawl, the “biggest global team trading competition the world has ever seen!”, got underway on 18th November at 9.00AM UTC. Bybit, a cryptocurrency derivatives exchange based in Singapore, have been going from strength to strength, recently hitting the 4 billion USD mark for 24 hour trading volume, and the BTC…
What Bitcoin Futures Data Reveals About the Latest Price Crash
The Commodity Futures Trading Commission on Friday released its latest Commitment of Traders report for the Chicago Mercantile Exchange. Futures are derivative products typically aimed at institutional investors looking to get exposure in cryptocurrency. Published weekly, the COT highlights which way traders are positioned in the market. Here is the latest report: The latest CME…
Ethereum’s 96% Google Search Interest Plunge Has This Crucial Silver Lining
Ethereum’s search decline is slightly worse than Bitcoin’s. Roughly 96% of search interest originating from the United States has disappeared. A glance at ETH’s developer count reveals a silver lining for Ethereum. Nearly two years on from Ethereum’s all-time high, Google search interest for the No.1 altcoin has plunged 96%. Ethereum Popularity Nosedives Along with…
Iran Violent Turmoil Could Be Catalyst for Next Bitcoin Surge
Protesters take over the streets of Iran after the government announced dramatic fuel price hikes. The regime has blocked internet access and closed its Iran border. Iranians are facing a dire situation which will likely force many to resort to a currency that offers a safe and portable store of value, such as bitcoin. Civil…
Bakkt to Provide Bitcoin Custody but Its Product Raises Questions
Bakkt launched its institutional custody services.The Bakkt Warehouse launched with a robust insurance policy and a range of clients.Bakkt’s daily trading volume is picking up.Bakkt, a bitcoin futures exchange backed by the Intercontinental Exchange (ICE), announced that it is launching custodial services for institutional enterprises. This is not the first organization to provide bitcoin custody,…
PayPal Drops Pornhub and the Crypto Community Rises to Fill the Gap
PayPal suspends services for Pornhub.Over a hundred thousand pornographic actors are now cut off.Cryptocurrencies could thrive as a censorship-resistant payment method.In a drastic move, PayPal suspended its services to the world’s largest free pornographic site, Pornhub. Although the reasoning behind it is unknown, this could be an opportunity to show the intrinsic value that cryptocurrencies…
Here’s How Crypto Bank Silvergate Fared Day 1 of NYSE Listing
Crypto-friendly bank Silvergate starts trading on NYSE after IPO approval.SI cites a 6% increase on the initial offering price of $12.SEN network continues to grow.Silvergate Capital (NYSE: SI), a cryptocurrency-focused commercial bank, made its official listing on the New York Stock Exchange on Nov 7, commanding a 6% increase on the day. But how is…
Bitcoin Extortionists Hit Fortune-500 Mexican Oil Giant Pemex for $5 Million
Pemex is required to pay the Bitcoin ransom within two weeks or face paying double after.About 5% of the computers have been affected by the DoppelPaymer software.The oil giant’s billing systems are the most impacted and could lead to delays in paying salaries.The hackers who hit Mexico’s state oil giant Pemex earlier this week with…