Market Hive

Russian nuclear scientists arrested for Bitcoin mining plot

Russian nuclear scientists arrested for Bitcoin mining plot Russian security officers have arrested several scientists working at a top-secret Russian nuclear warhead facility for allegedly mining crypto-currencies. The suspects had tried to use one of Russia's most powerful supercomputers to mine Bitcoins, media reports say. The Federal Nuclear Centre in Sarov, western Russia, is a restricted area. The centre's press service said: "There has been an unsanctioned attempt to use computer facilities for private purposes including so-called mining." The supercomputer…

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Bitcoin Price Technical Analysis for 9th Feb 2018 – Slow But Steady Climb

Bitcoin Price Technical Analysis for 9th Feb 2018 – Slow But Steady Climb Bitcoin Price Key Highlights Bitcoin price is testing an area of interest at the $8,000 major psychological level which lines up with several support levels. For one, this is the bottom of a short-term ascending channel visible on the 1-hour time frame. This also coincides with the 61.8% Fibonacci retracement level, which already appears to have held as a floor. Bitcoin price could be due for a…

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Wells Fargo strategist – Bitcoin and the market are correlated

Wells Fargo strategist – Bitcoin and the market are correlated Assessing risk is a good gauge for determining stock market and cryptocurrency movement, says Wells Fargo strategist. Wells Fargo raises its price target for equities up by 10 percent this year. Both the market and bitcoin are now beginning to recover from dips earlier this week. If the bitcoin bubble bursts, the stock market may go down along with it, said Christopher Harvey, head of equity strategy at Wells Fargo,…

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Bitcoin ‘SKYROCKETS’ Cryptocurrency soars 25 per cent in 24 hours as ‘investors celebrate’

Bitcoin skyrocketed last year that saw the prized currency hit an all-time high of £13991.86    Bitcoin ‘SKYROCKETS’ Cryptocurrency soars 25 per cent in 24 hours as 'investors celebrate'   A BITCOIN resurgence could be underway as the cryptocurrency soared over 24.5 per cent in the last 24 hours that has surely given investors an excuse to celebrate, it has been revealed. Leading virtual currency tracker Coinbase declared that Bitcoin has seen an 24.5 per cent rise that saw its…

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Bitcoin drops below $6,200 for first time in three months

Bitcoin drops below $6,200 for first time in three months The virtual currency fell to $6,190 for the first time since mid-November, according to Bloomberg News, and represents the latest hammering for a unit that saw a stratospheric 26-fold rise last year. Bitcoin plunged 20 per cent to a three-month low today, its latest sharp loss following a series of setbacks for the cryptocurrency that, with a collapse across global mainstream markets adding to the selling. The virtual currency fell…

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Bitcoin Not Giving a Big Enough Hit as ‘Gateway Drug’

Bitcoin Not Giving a Big Enough Hit as ‘Gateway Drug’ Interest in Bitcoin hit its high point leading up to its own high of $20,000 in the middle of December last year. Interest peaked, not only in investing circles, but also in the mainstream as Bitcoin became the buzzword on everyone's lips. This adoption was championed by Bitcoin as it welcomed millions of users to the cryptocurrency community, as expressed in Coinbase’s figures alone. However, in this fast paced ecosystem,…

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Cryptocurrency Markets Move Back Into Green After Substantial Selloff

Cryptocurrency Markets Move Back Into Green After Substantial Selloff Cryptocurrency markets are rebounding today, Feb. 3, following yesterday’s multi-month low in Bitcoin's price. Most of the top 50 coins are in green, with 24 hour gains over 20 percent. In part due to pressure from misleading reporting on regulations in India, the overall cryptocurrency market took a massive nosedive starting Thursday, Feb.1, shedding more than $100 billion in market cap in the 24 hours following the news. However, after the…

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Bitcoin is bottoming, expect a 70 percent surge – Trader

Bitcoin is bottoming, expect a 70 percent surge – Trader The old saying goes, "buy when there's blood in the streets," and that's what I'm doing with the recent bitcoin price action. Bitcoin traded to a low of $7,700, this level is a loss of 25 percent on the week and 40 percent on the year. That $7,700 low is ironic because it is the same level that it broke above and began a parabolic ascent in mid-November. I am…

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Bitcoin Price Technical Analysis for 2nd Feb – Another Nearby Support

Bitcoin Price Technical Analysis for 02/02/2018 – Another Nearby Support Bitcoin Price Key Highlights   Bitcoin price went on another leg lower after breaking below a short-term triangle consolidation pattern. Price is now testing another potential support at the bottom of its falling wedge pattern visible on the 4-hour time frame. Price could bounce off this area and make another test of the wedge resistance around the $10,000 area of interest. Bitcoin price can’t quite catch a break as it…

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Bitcoin, Ripple, And Litecoin Sell-off – What’s Different This Time Around

Bitcoin, Ripple, And Litecoin Sell-off – What's Different This Time Around The current sell-off in Bitcoin, Ripple, Litecoin, and other cryptocurrencies may have a long way to go before it’s over. For a “technical” reason: it’s broad, extending from major currencies to the smaller ones. When Bitcoin dropped close to 40% back in the middle of December, Ripple rallied, quadrupling in value in just a few days. The rally quickly spread to Ethereum, Litecoin, NEM, Siacoin and Bytecoin, and other…

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