Market Hive

Bitcoin Price Technical Analysis for 23rd October – Another Break, Another Pullback

Bitcoin Price Technical Analysis for 23rd October – Another Break, Another Pullback Bitcoin price zoomed up to set new all-time highs and is pulling back to offer an opportunity to ride the rally. Bitcoin Price Key Highlights Bitcoin price surged to new highs at the $6200 area once more, indicating that bullish momentum is very strong. Price has quickly pulled back after reaching this area, giving more bulls an opportunity to hop in the climb. Applying the Fibonacci retracement tool…

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Could Bitcoin’s Bubble Lead to Long Crypto Winter?

Could Bitcoin’s Bubble Lead to Long Crypto Winter? In the mad mania for cryptocurrencies, there are some dissenting voices from old timers, calling this irrational exuberance. Could a crypto winter be in the offing? Eerie similarities to 2013 A year after the block reward halving, with media buzzing about Bitcoin, and a multifold increase in price – this is not just a description of 2017 but also perfectly fits 2013. After the block reward halving in 2012, the price of…

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Bitcoin breaks above $6,000, and $100 billion in value for the first time in its history

Bitcoin breaks above $6,000, and $100 billion in value for the first time in its history The world’s most prominent digital currency was on track to mark a fresh milestone on Friday, with bitcoin rallying and putting the cyber currency in position to hit a total market value of around $100 billion. Such a valuation would place the No. 1 cryptographic currency above or on par with blue-chip companies on the Dow Jones Industrial Average DJIA, +0.71% like United Technologies…

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Bitcoin Price Bounces Back, Crypto Markets Recover to $170 Billion

Bitcoin Price Bounces Back, Crypto Markets Recover to $170 Billion The crypto markets bounced back on Thursday following a significant contraction the previous day. The bitcoin price led the charge, rising more than 6% to put the $5,700 barrier within its sights, while the ethereum price ticked up 3% to $309. Unfortunately, the recovery was not comprehensive, and some cryptocurrencies — including ripple — continued to decline. Chart from CoinMarketCap The downturn forced the total cryptocurrency market cap as far…

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Why Silicon Valley is going gaga for Bitcoin

Why Silicon Valley is going gaga for Bitcoin Cryptocurrencies are on a historic tear right now. And Silicon Valley’s infatuation with the industry explains a lot about itself. Should I buy bitcoin? As a technology reporter, the questions I receive from random people at birthday parties, say, or seatmates on a plane, are usually emblematic of what is going on in the digital world. (And, increasingly, the real one, too, for that matter.) Not too long ago, the predominant question…

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Bitcoin gets official blessing in Japan

Bitcoin gets official blessing in Japan The broader fintech sector is struggling even as cryptocurrencies take off Entrepreneurs do not often welcome regulation. For Japanese cryptocurrency start-ups, however, a framework put in place by the country’s financial authorities has been a boon. Rules announced this year by the Financial Services Agency allow people to pay for goods and services with bitcoin and require cryptocurrency exchanges or remittance operators to be licensed and subject to annual audits. These have given bitcoin…

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Bitcoin Wallet Blockchain: ‘Buy Some Ether’ to Make Transactions After SegWit2x

Bitcoin Wallet Blockchain: ‘Buy Some Ether’ to Make Transactions After SegWit2x Crypto wallet Blockchain has announced its intention to join with Xapo in following the blockchain with the most accumulated difficulty following the proposed SegWit2x. The wallet service advised its users to “buy some ether” if they intend to make transactions immediately following the fork.   Blockchain Wallet to Follow Chain With Most Difficulty In mid-November, the Bitcoin blockchain is expected to split into two, competing chains following SegWit2x, a…

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Global Regulators Play Bitcoin Whack-a-Mole as Demand Explodes

Global Regulators Play Bitcoin Whack-a-Mole as Demand Explodes Evading government control a central feature of bitcoin Efforts to regulate digital currencies stymie authorities Banks Respond to Growing Interest in Cryptocurrencies Regulators worldwide are finding that it’s incredibly hard to control the explosive growth of money tied to no nation. Russian President Vladimir Putin is the latest to call for regulation of cryptocurrencies, saying there are “serious risks” they can be used for money laundering or tax evasion. Finance Minister Anton…

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Bitcoin heading over $10,000 in six to 10 months, former Fortress hedge fund manager says

Bitcoin heading over $10,000 in six to 10 months, former Fortress hedge fund manager says Bitcoin has surged this year, up to $4874 on Tuesday, and Michael Novogratz sees it heading over $10,000. Novogratz is starting a $500 million fund to invest in cryptocurrencies, initial coin offerings and related companies. Although he says digital currencies like bitcoin show signs of forming a bubble, former hedge fund manager Michael Novogratz is going all-in. The former Fortress Investment Group manager says he's…

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Bitcoin’s price bubble will burst under government pressure

Bitcoin's price bubble will burst under government pressure Is the cryptocurrency bitcoin the biggest bubble in the world today, or a great investment bet on the cutting edge of new-age financial technology? My best guess is that in the long run, the technology will thrive, but that the price of bitcoin will collapse. If you haven’t been following the bitcoin story, its price is up 600% over the past 12 months, and 1,600% in the past 24 months. At over…

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