Category Archives: Bitcoin News

Altcoins Join the Bitcoin Rally: Ethereum, Litecoin, Ripple

Bitcoin (BTC) has been on an astonishing run this year that has almost mirrored the astonishing rally back in 2017 when the cryptocurrency touched almost $20,000 per token. However, earlier on in July, the cryptocurrency experienced declines and went below the $10,000 level. Altcoins Moving Up However, that seems to be a thing of the… Read More »

Bitcoin Recovers Quickly on Technical Bounce: What Comes Next

Bitcoin may have had a superb year up until June, but the month of July, and especially the past week, has proven to be troublesome as the price of the cryptocurrency continued to crash down. The issues with relation to Facebook’s Libra and United States President Donald Trump’s comments about cryptocurrencies like Bitcoin caused a… Read More »

Bitcoin Struggles to Hold the Rally: Analysts Turn Bearish

Cryptocurrencies have been struggling over the past few days with increased scrutiny and piling up of bearish signs. Bitcoin, for instance, is nearing a turning point, and according to popular cryptocurrency analyst DonAlt, it is closer to testing support levels of $6,700. Bitcoin Drops Below the 50-Day Moving Average The signs are indicating that Bitcoin… Read More »

Bitcoin Falls 30% from Highs: Analysts are Still Bullish

Regardless of a 30% price correction on Bitcoin, analysts are still bullish on the coin. On Saturday, BTC dropped 8%, and cynics believe that the rally towards a record all-time high is now over. Bitcoin surged over the past two weeks, establishing an M-top at $13,177 and $13,739 before dipping to $9,600. Despite the drop,… Read More »

Coronavirus Outbreak Tests Bitcoin Safe Haven Status

Bitcoin (BTC) has spent much of the last week in freefall, sinking to a low of $8,520, just as the Coronavirus outbreak prompts widespread panic in the financial world due to its potentially cataclysmic impact on the global economy. This negative correlation between a global crisis and the value of the world’s largest cryptocurrency is… Read More »

Cat got your tongue? Bitcoin critics wither in 2020

Bitcoin (BTC) has had an interesting year, recovering from major sell-offs to eventually skyrocket to new all-time highs. However, Bitcoin’s performance and cryptocurrencies increased adoption worldwide have still failed to bring some observers into the crypto camp.  Yet compared to other bull run years like 2017, 2020 has seen much less crypto criticism, with a… Read More »

How the Bitcoin Halving Could Affect BTC Price in the Near-Term

Bitcoin (BTC) is trading below the $8,000 level just two months before its anticipated halving in May. However, over the past few weeks, markets have been crashing because of the coronavirus outbreak and investors have been cashing out on their digital assets, including Bitcoin. Will this impact the effect of the halving? Upcoming Halving Might… Read More »

Bitcoin Tanks to $6K Mark on Economic Damage from the Coronavirus

While the stock markets across the world are recording historic declines, the situation is not much different in the crypto world, which would explain why Bitcoin has been dropping as of late. On Thursday, the world’s biggest cryptocurrency by market cap plunged at an alarming rate. Panic Selling The coronavirus pandemic has had a volatile… Read More »

MicroStrategy buys the dip — Now has more BTC than US govt

Business intelligence company MicroStrategy has added to its Bitcoin (BTC) stash, with a purchase of 29,646 BTC for a total of $650 million, an average of around $21,925 per Bitcoin CEO Michael Saylor tweeted the news immediately following a pullback in price to $22,247, although it is unclear whether the acquisition coincided with this event.… Read More »