Bitcoin Price Breaks $9,000, Does Not Stay For Long March 20: the Bitcoin (BTC) price broke the $9,000 mark today after a rough start to the year in which the price decreased by nearly 70 percent from the December high of $20,000. Following the December high the BTC price has moved downward in fits and starts. On January 17, BTC price was down to $9,724, less than half of where it had been a month previously when it scraped the…
Bitcoin Following Nasdaq Path but 15 Times Faster Morgan Stanley put out a note to its clients on Monday the 19th breaking down Bitcoin trading in comparison to the Nasdaq during the dot-com crash 20 years ago. Bitcoin Similar to Dot-Coms Through Bear Markets According to the report, Bitcoin is behaving very similar to the way the Nasdaq did in 2000. There is parity in the pattern of price declines and the rally of 250 -280 percent “in their most…
Bitcoin Price Surges 10% as G20 Will Not Crackdown on Cryptocurrencies The G20’s announcement that it will pivot away from creating new regulations in favor of examining existing rules gave the cryptocurrency market a much needed seeing Bitcoin surge by $1000. No New Regulations The anticipation of what new regulations might come of the G20 meeting this week in Buenos Aires added to a rocky cryptocurrency market over the past week but the news as reported by Reuters is…
Bitcoin Cash Price Weekly Analysis – BCH/USD Remains at Risk Key Points Bitcoin cash price struggled to recover and moved below the $950 level against the US Dollar. There is a crucial bearish trend line forming with resistance at $975 on the 4-hours chart of the BCH/USD pair (data feed from SimpleFX). The pair remains at a risk of more declines and it could even break the last low of $867 in the near term. Bitcoin cash price is under…
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…
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…
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…
Japan's Third-Largest Electric Provider Is Testing Bitcoin On Lightning Japan's third-largest electricity provider is emerging as one of the first major companies in the world to trial a promising bitcoin payments technology. Revealed exclusively to CoinDesk, Chubu Electric Power Co. has entered into a proof-of-concept with local bitcoin and Internet of Things (IoT) startup Nayuta, one that finds it exploring how bitcoin payments can be made via the Lightning Network, an in-development protocol that promises to cut costs for bitcoin…
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…
99 Out Of 100 Top Coins See Green As Bitcoin Climbs Back Above $9K The cryptocurrency markets are showing slight positive growth today March 10, with Bitcoin (BTC) rising back up above $9,000 and almost all of the top 100 coins, except one, listed on CoinMarketCap in the green as of press time. BTC had reached over $11,500 during its intra-week high on March 5, before dropping below $9000 yesterday, March 9. BTC is currently trading at around $9,500, up…