bitcoin news

How Bitcoin Distribution Is a Bullish Sign For Greater Adoption   There are a number of differing metrics analysts use to determine the health of the Bitcoin ecosystem. Hash rate and transactions are two of the most popular but distribution in terms of the number of addresses can also be used to determine adoption rates. Bitcoin Addresses Increasing Over the past two years the number of BTC addresses has surged indicating that the asset is undergoing greater adoption. The largest…

Bitcoin (BTC) Price Weekly Forecast- Downside Thrust Before Fresh Rise? There was a steady rise in bitcoin price above the $10,500 resistance against the US Dollar. The price is currently correcting lower after it traded to a new monthly high close to $11,000. There is a key bullish trend line forming with support near $10,200 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). There could be a downside correction towards the $10,100 support area before a…

Manny Pacquiao Releases His Own Cryptocurrency The boxing prodigy from Philippine, Manny Pacquiao has announced the launch of his own cryptocurrency doing a concert in Manila city. The concert gathering had more than 2,000 fans to pimp up the fad for the new cryptocurrency. Sunday’s concert marked the unification of music with the virtual currency as Pacquiao recited songs from his hit album and abruptly announced the launch of his cryptocurrency right before the show came to an end. “Pacquiao…

Bitcoin price prediction – BTC/USD key hurdles in the rearview ahead of the weekend-Bitcoin Confluence   Bitcoin seems to be stuck in a range between $10,800 (range limit) and $10,400 (range support). A clear path exists between the immediate resistance ($10,791) and the next hurdle at $11,572.67. Bitcoin bears pressed down on key support areas following the rejection around $10,800 but the buyers managed to keep the price above $10,500. Besides, Bitcoin seems to be stuck in range between $10,800…

Bitcoin Price Continues to Eye $11K as Most Altcoins See Minor Gains Market visualization. Source: Coin360 Bitcoin continues to show impressive price movement after trading close to $10,300 for the better part of the day. At publishing time, the No. 1 cryptocurrency is trading at $10,718 — up 2.9% on the day, according to data from Coin360. Bitcoin’s 24-hour price chart. Source: Coin360 Bullish sentiments towards BTC seem to have won out once again as Bitcoin dominance hit 70.5%. Cointelegraph…

Bitcoin And Crypto Market Rally Looks Real – LTC, BNB, BCH, TRX Analysis The total crypto market cap recovered nicely and broke the key $250.0B resistance area. Bitcoin price is up more than 7% and it recently climbed above $10,400. Binance coin (BNB) price is also gaining momentum and it recently broke the $22.50 resistance. Litecoin (LTC) price is facing a few solid hurdles near the $68.00 and $70.00 levels. BCH price is up more than 5% and it is…

Kyrgyzstan to Impose Taxes on Bitcoin Miners Kyrgyzstan, a formerly notorious anti-crypto country, is making some moves towards reversing a years-old negative stance on crypto assets. According to a report from local news outlet Kabar, the Ministry of Economy in the Central Asian country submitted a draft bill to introduce a new taxation structure to cryptocurrency mining. The Kabar report revealed that earlier this week, the ministry submitted a draft bill titled “On Amending the Tax Code,” which seeks to…

Bitcoin (BTC) Price Weekly Forecast: $10K Holds Key For Recovery There was a major downward move below the $10,000 support in bitcoin price against the US Dollar. The price is currently correcting higher, but upsides remain capped near $9,800 and $10,000. There is a major bearish trend line forming with resistance near $9,980 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). There could be a short term upside correction, but the bulls are likely to struggle…

Proposed A Radical Competitor To Bitcoin And The U.S. Dollar Bitcoin and cryptocurrency competitors are in vogue at the moment with both social media giant Facebook and China planning their own digital currency projects. The bitcoin price, despite suddenly plummeting this week, has climbed this year largely because the likes of Facebook and South Korean technology behemoth Samsung have tacitly endorsed bitcoin and cryptocurrency technology, helping it to somewhat recover from a disastrous 2018. Now, Bank of England governor Mark…