bitcoin

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS – Price Analysis, March 16

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS – Price Analysis, March 16 Fundstrat's Thomas Lee believes that Bitcoin mining is an unprofitable venture at current prices. A model developed by his data science team has pegged the breakeven price at $8,038. If prices fall further, the miners will start to lose money on their operations. Shone Anstey, co-founder and president of Blockchain Intelligence Group opines that this may force a few miners to stop their operations. Technical…

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Bitcoin analysis – How low can it go?

Bitcoin Price Analysis – How Low Can It Go? Bitcoin is showing more bearish momentum so it's time to look at the next downside targets. Bitcoin looks ready for more losses as price gained downside traction after its break below a double top neckline. Applying the Fibonacci extension tool on the latest correction shows the potential targets. Price is currently sitting on the 38.2% extension near the $8000 level at the moment, and a break lower could take it to…

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Bitcoin Facts You Should Know

Bitcoin Facts You Should Know Bitcoin is not a fraud, nor is it a golden nugget. People continue to have strong views and positions on what bitcoin is and debate on its potential, legitimacy and relevance. The discussions are meaningful and leave many more thoughts for us to ponder. But those are opinions, and while useful, facts are critical and important to know. Knowing facts will contribute to meaningful dialogue and questions. Here are some to start with. Bitcoin is…

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Bitcoin Is Melting, Again

Bitcoin Is Melting, Again Summary After an unsuccessful attempt at the $12,000 resistance level, Bitcoin is melting down once again, slumping by 30% in just a few days. A few distinct developments caused the recent selloff to intensify. People seem to be "Bitcoined out" a bit at the moment, which could cause the price to stay below $10K for some time. It's not all bad news, but in the short term it could get painful for Bitcoin and the rest…

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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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