bitcoin

Holding Strong – Failed Price Breakdown a Boon for Bitcoin Bulls

Holding Strong – Failed Price Breakdown a Boon for Bitcoin Bulls Bitcoin has witnessed decent two-way business in the last 24 hours. A drop below $8,000 during the Asian day was quickly undone and the world's largest cryptocurrency by market value once again approached record highs, hitting $8,333 this morning. At press time, bitcoin is changing hands at $8,228, according to CoinDesk's Bitcoin Price Index. As per CoinMarketCap, the bitcoin-U.S. dollar (BTC/USD) exchange rate has appreciated by 1.13 percent in…

Read More

The current state of Bitcoin and Ethereum

The current state of Bitcoin and Ethereum While Bitcoin currently bears more resemblance to digital gold than digital cash — with its congested pending transactions log rendering it practically useless as a currency since the cancelled fork two weeks ago — the Ethereum network is looking healthier than ever and in a good position to come out of the ongoing currency war successful. Bitcoin has been dominating both crypto and mainstream news lately, even more so than usual, with mad…

Read More

Crypto bull sees bitcoin at $11 500

Crypto bull sees bitcoin at $11 500 The bitcoin bulls are charging. A day after hedge fund manager Mike Novogratz said the cryptocurrency will end the year at US$10 000, Fundstrat’s Thomas Lee doubled his price target to $11 500 by the middle of 2018 — a 40% gain from current levels. Lee, who heads research at Fundstrat, said a 10% pullback earlier this month triggered by the controversial cancellation of an upgrade to bitcoin’s underlying software has set the…

Read More

Warning Signs About Another Giant Bitcoin Exchange

Warning Signs About Another Giant Bitcoin Exchange SAN FRANCISCO — As the price of Bitcoin has soared, the virtual currency has edged toward the mainstream. Square, the fast-growing payments company run by the Twitter co-founder Jack Dorsey, has begun selling Bitcoins to ordinary consumers, and the Chicago Mercantile Exchange will soon allow banks to trade on the value of Bitcoin. But if you want to see where the price of Bitcoin is actually determined in round-the-clock bidding, you have to…

Read More

Bitcoin vs. Bitcoin Cash – Can Both Survive

Bitcoin vs. Bitcoin Cash: Can Both Survive? Industry leaders comment on which will dominate the market: Bitcoin or Bitcoin Cash. You could be forgiven for thinking Bitcoin Cash was dead; the currency had slumped to about $600 before a sudden revival last week caused the price to soar to $2,600 while simultaneously knocking Bitcoin down a few notches. As a brief recap, Bitcoin recorded a new all-time high of about $7,800 on Wednesday, November 8 followed by a downward trend,…

Read More

Roger Ver Declares Bitcoin Cash to Be True Bitcoin, Market Forces Bring More Attention

Roger Ver Declares Bitcoin Cash to Be True Bitcoin, Market Forces Bring More Attention Earlier this year, divergent groups within the original Bitcoin community could not agree on a particular protocol to be implemented in scaling the platform. Those who sought bigger blocks therefore hard forked away from Bitcoin and created Bitcoin Cash (BCH). Battle for supremacy Since the creation of Bitcoin Cash in August 2017, there has been a tug on both sides of the divide and many key…

Read More

First Long-Term LedgerX Bitcoin Option Pegs Price at $10,000

First Long-Term LedgerX Bitcoin Option Pegs Price at $10,000 LedgerX just initiated its first long-term bitcoin futures option. Called a Long-Term Equity Anticipation Security (LEAPS), the trade was matched by the platform this morning and is set to expire on December 28, 2018. Under the terms of the deal, the buyer has the right to buy bitcoin at a price of $10,000 at that date, or almost a 30 percent premium on today's price. Yet, because the buyer only makes…

Read More

3 Reasons the Bitcoin Price Hit $8,000 Today

3 Reasons the Bitcoin Price Hit $8,000 Today The bitcoin price touched the $8,000 mark on Friday morning (or Thursday night, depending on your time zone), enabling the flagship cryptocurrency to check another milestone off its to-do list before it reaches five-figure territory.   Bitcoin Price Touches $8,000 Just days prior, the bitcoin price had been trading below $6,000, but a mid-week rally raised bitcoin back to its pre-dip level and ultimately vaulted it to a new all-time high of…

Read More

Bitcoin Breaks Through $8,000 Following Massive Head Fake

Bitcoin Breaks Through $8,000 Following Massive Head Fake Bitcoin just surmounted the $8,000 level, topping out at $8,020 on Bitfinex before retreating to $7,900 at press time. By now, reading about Bitcoin’s breach of its previous high might be getting repetitious, so strong has the currency’s bull run been. This time is an exception, though, because Bitcoin just pulled the mother of all head fakes. Looking back About a week ago, the SegWit2x hard fork was cancelled and the price…

Read More

Morgan Stanley chief says bitcoin ‘doesn’t quite deserve the attention it’s getting’

Morgan Stanley chief says bitcoin 'doesn't quite deserve the attention it's getting' Morgan Stanley Chairman and CEO James Gorman said bitcoin is getting more attention than it might deserve He said the cryptocurrency is the "definition" of a speculative investment, and anyone thinking it might be stable is "deluding themselves" But Gorman acknowledged that bitcoin's growing acceptance and usability meant it was not going away overnight Bitcoin is getting more attention than it deserves, but the phenomenon is not going…

Read More