Bitcoin has been spiraling lower ever since it tapped its all-time highs within the mid-$19,000 region There are a few factors driving this move lower, including selling pressure stemming from the rejection, fear regarding a regulatory crackdown in the U.S., and withdraws on OKEx resuming...
Here’s the Key Level Ethereum Must Claim to Rally Towards $800
Ethereum’s price has been closely tracking that of Bitcoin as of late, which has caused the cryptocurrency to see some notable losses It has been defending $500 throughout the course of its recent push lower. This comes as Bitcoin breaks below $17,000 and begins seeing...
Bitcoin Struggles to Hold $17,000 After Wiping Out $1b in Open Interest
Bitcoin has been struggling to hold above $17,000, despite this being an important price level for the cryptocurrency Where it trends next will depend largely on whether or not bulls can continue building support at this level So far, each dip below it has been...
Facebook Libra Could Launch As Soon As January, Amidst Bitcoin Resurgence – Bitcoinist.com
Bitcoin and cryptocurrencies are once again a hot topic, being discussed across the broader financial space the most since Facebook’s Libra cryptocurrency was first announced. On the heels of the recent resurgence in the crypto market, rumors suggest that Facebook could be ready to launch...
Bitcoin Fundamentals Remain Great Despite $3,000 Drop From Highs: Analyst – Bitcoinist.com
Bitcoin has dropped dramatically from its $19,500 highs The coin fell as low as $16,200 earlier today amid a strong sell-off and a lack of buying support Some think that the $3,000 drop could be the start of a deeper retracement in the months ahead...
Bitcoin Expects to Fall by Another $3,000, Asserts Veteran Trader – Bitcoinist.com
A flurry of historical Bitcoin fractals suggests that Bitcoin will continue its decline by another $3,000. Veteran trader Peter Brandt made the bearish call in a tweet published Thursday, hours after Bitcoin fell by up to 16.31 percent from its local high of $19,500. He...
Bitcoin Eyes $20K Because “Excess Dollar Liquidity” is Still in System – Bitcoinist.com
The Bitcoin market suffered major losses mid-week as its price fell from its $19,500-top to as low as $16,200. Some analysts believe the cryptocurrency has more room for declines, given its 100 percent upside rally before the latest correction. Nevertheless, macro fundamentals are still favoring...
Fund Manager: Regulation Rumors Not Likely to Affect Bitcoin in Long Term
Yesterday, the chief executive of top Bitcoin exchange Coinbase, Brian Armstrong, revealed that the U.S. Treasury is likely targeting Bitcoin. Armstrong elaborated that he thinks this could have extremely negative effects on the space. Still, Kyle Samani, a managing partner at Multicoin Capital, doesn’t see...
Coinsquare files application to operate as regulated crypto exchange in Canada
Coinsquare, a Canadian cryptocurrency trading platform, has announced the appointment of Nicholas Thadaney and Wendy Rudd to its board of directors. The appointments follow the confirmation of Stacey Hoisak as Coinsquare’s new Chief Executive Officer, and the appointments of Lawrence Truong as Chief Compliance Officer,...
Bitcoin’s Recent $3,000 Correction Actually Formed a Bullish Candle
Bitcoin has faced an extremely strong correction since its local highs around $19,500. The leading cryptocurrency currently trades for $17,000 almost exactly, though fell as low as $16,200 just the other day. That means that from its local highs, the leading cryptocurrency was down by...