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Bitcoin Drops 20% But Wasn’t Week’s Big Crypto Price Loser

Bitcoin Drops 20% But Wasn't Week's Big Crypto Price Loser If February was bad for the crypto market, March hasn't fared better. Bitcoin's (BTC) repeated failure to beat inverse head-and-shoulders neckline resistance saw bears come in full force, pushing prices to a one-month low of $8,371 Friday. As of writing, the world's largest cryptocurrency by market capitalization is trading at $8,970, according to CoinDesk's Bitcoin Price Index. But the 28 percent drop from BTC's March 5 high of $11,660 had…

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Bitcoin prices fall below $9,000 — a 24% decline for the week

Bitcoin prices fall below $9,000 — a 24% decline for the week Bitcoin fell below $9,000 during Friday afternoon Asia trade, extending losses seen earlier in the week when it fell below the key $10,000 level. The digital currency came under pressure earlier in the week after the U.S. Securities and Exchange Commission said exchanges that offered trading of "digital assets that are securities" would have to register with the agency. At its current levels, bitcoin has declined around 24…

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Bitcoin Takes a Dip as SEC Demands Exchanges to Register

Bitcoin Takes a Dip as SEC Demands Exchanges to Register In the ongoing saga of how U.S. regulators will ultimately handle cryptocurrency the SEC yesterday said it will require digital asset exchanges to register causing Bitcoin to dip below $10,000.   Cryptocurrency Defined as Securities The SEC released a statement that said online platforms trading in digital assets are considered securities under existing guidelines and therefore must register with the agency.   The SEC statement reads as follows.   “If…

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Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS – Price Analysis, March 06

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS – Price Analysis, March 06 Harvard economist Kenneth Rogoff believes that Bitcoin’s value will drop to $100 in a decade. He stated that increased regulation is one of the aspects that will bring down the value of Bitcoin. We, on the other hand, have an opinion that in a decade, the cryptocurrencies will have much more use cases and that it will increase their demand, propelling prices higher. Bitcoin’s entrepreneurs…

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A decade from now, bitcoin is more likely to be $100 than $100,000, Harvard economist says

A decade from now, bitcoin is more likely to be $100 than $100,000, Harvard economist says The likelihood of bitcoin falling to $100 was greater than that of the digital currency rising to $100,000 a decade from now, Harvard economist Kenneth Rogoff said. Regulation would be a trigger for the move lower in prices, Rogoff said, although he acknowledged that it would not be an overnight development. The likelihood of bitcoin prices falling to $100 is greater than that of…

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North Korea may have as made much as $200 million from Bitcoin, according to expert

North Korea may have as made much as $200 million from Bitcoin, according to expert North Korea may have raked in more than $200 million in digital cryptocurrency transactions last year, diluting the impact of stiff international sanctions over its nuclear and missiles programme. The huge haul of an estimated 11,000 Bitcoins was revealed by Priscilla Moriuchi, a former US National Security Agency officer, in an interview with Radio Free Asia. If the regime had monetised them when their price…

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Quarter Million Dollars Already Raised in Bitcoin Cash 48 Hour Challenge

Quarter Million Dollars Already Raised in Bitcoin Cash 48 Hour Challenge Bitcoin Cash (BCH) is on a roll lately, scoring new mainstream adoption platforms in countries like the United States. But it’s still a relatively small player within the ecosystem, relative to Bitcoin Core (BTC) for example. For these reasons and more, BCH enthusiasts are participating in a 48 hour matching donation challenge, hoping to assist the nonprofit Fund in its mission to help bring the digital currency to one…

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Two Bullish Signs For Bitcoin

Two Bullish Signs For Bitcoin  After a prolonged correction, Bitcoin is back big time. The “people’s currency” gained close to 7% this week, stabilizing around the $11,000 mark. Is this comeback for real? Hard to say, as there are hardly any “fundamentals” to judge whether Bitcoin is undervalued or overvalued at these levels. Still, there are a couple of bullish signs for the digital currency worth noticing. One of them is that Bitcoin is beginning to behave like the ‘new…

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1,200 NEWSSTANDS IN AUSTRALIA NOW SELLING BITCOIN AND ETHEREUM

1,200 NEWSSTANDS IN AUSTRALIA NOW SELLING BITCOIN AND ETHEREUM As of today, Australians are now able to buy Bitcoin and Ethereum from more than 1,200 newsagents around the continent. AUSTRALIA FOR BITCOIN Buying Bitcoin or Ethereum in Australia is now as easy as walking to the nearest newsstand. Cryptocurrency exchange bitcoin.com.au has launched the convenient service, after installing out the infrastructure in various locations since 2016. Though easier than ever, many individuals still aren’t accustomed to the idea of buying…

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Bitcoin Price Analysis – The confluence of bullish continuation

Bitcoin Price Analysis – The confluence of bullish continuation Bitcoin (BTC) continues to recover from this years low, set earlier this month. The market cap now stands at US$177.78 billion, with US$3.69 billion traded on exchanges in the past 24 hours. A recent acquisition has been a hot topic of discussion this week, with Circle buying Poloniex for US$400 million. Boston-based Circle is one of three companies that hold a New York bitlicense and also has plans to release a…

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