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Up 33% – Bitcoin’s Price Just Had Its Best Month of 2018Up 33%

May J, 2018
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Up 33% – Bitcoin's Price Just Had Its Best Month of 2018 Bitcoin's price rose 33 percent against the U.S. dollar in April, making it the best month of 2018 for the world's largest cryptocurrency. Data from CoinDesk's Bitcoin Price Index (BPI) shows that May began with bitcoin's price at the $9,244.32 mark – a 33 percent jump from its April 1 start of $6,926.02. This marks the greatest rise in bitcoin's price this year, and one of only two…

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Upcoming Bitcoin Cash Hard Fork

April J, 2018
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Upcoming Bitcoin Cash Hard Fork The update and modernization will quadruple the Bitcoin Cash blocks size from eight megabytes to 32 megabytes. Also, some operating codes are expected to be reactivated, which will allow Bitcoin Cash’s Blockchain to be used not only for BCH transactions. Furthermore, an update is called Bitcoin Adjustable Blocksize Cap (Bitcoin ABC). This will change the base code on which Bitcoin cash is based, in an attempt to solve some of the major problems that limit the wider…

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Pantera Fund CEO Calls Bitcoin “A Screaming Buy,” Highly Optimsitic

April J, 2018
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Pantera Fund CEO Calls Bitcoin “A Screaming Buy,” Highly Optimsitic Cryptocurrency hedge fund Pantera CEO called Bitcoin a “screaming buy” and made a ten year $40 trillion dollar prediction. Hedge Fund CEO Looks for Big Gains in the Remainder of the Year. CEO of Pantera capital management LP. cryptocurrency hedge fund Dan Morehead went on Bloomberg Television again to talk about the future of Bitcoin and the state of the cryptocurrency space in general. Morehead who is always bullish on…

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The 17 Millionth Bitcoin Is About to Be Mined

April J, 2018
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The 17 Millionth Bitcoin Is About to Be Mined Bitcoin's limited supply is about to get a bit more limited. Barring an unforeseen event, the 17 millionth bitcoin is likely to be mined in the coming days, a development that would mark yet another milestone for the world's first cryptocurrency. That's because as per bitcoin's current rules, only 21 million bitcoin can ever be created. Stepping back, the milestone, the first million-bitcoin marker to be crossed since mid-2016, is perhaps…

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Police in Chinese city seize 600 computers used to mine bitcoin

April J, 2018
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Police in Chinese city seize 600 computers used to mine bitcoin BEIJING (Reuters) – Police in the north China city of Tianjin confiscated 600 computers used to mine bitcoin cryptocurrency after the local power grid operator reported abnormal electricity usage, Xinhua reported Wednesday. Representation of the Bitcoin virtual currency standing on the PC motherboard is seen in this illustration picture, February 3, 2018. REUTERS/Dado Ruvic/Illustration “Eight high-power fans were also seized,” Xinhua said, quoting local police and added that it…

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Bitcoin Price Climbs to 40-Day High Above $9,200

April J, 2018
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Bitcoin Price Climbs to 40-Day High Above $9,200   Bitcoin's price climbed above $9,200 on Tuesday to hit a 40-day high, according to data from CoinDesk's Bitcoin Price Index (BPI).   Following a steady increase over the past week, the price of world's largest cryptocurrency by market capitalization jumped above $9,000 soon after the morning trading session began around 00:30 UTC, after which it continued to climb up to as high as $9,220.97 at around 2:00 UTC.   The price…

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Bitcoin Price Technical Analysis 23 April – Bulls Back in Action

April J, 2018
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Bitcoin Price Technical Analysis 23 April – Bulls Back in Action Bitcoin Price Key Highlights Bitcoin price has gained some traction since breaking past its inverse head and shoulders neckline. Price is now trading inside an ascending channel and testing the resistance. A return in bearish pressure could take it back down to support around the Fib levels. Bitcoin price is trending higher but might be due for a pullback to its channel support.   Technical Indicators Signals The 100…

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Bitcoin Cash Price Weekly Analysis – BCH USD Could Break $1,200

April J, 2018
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Bitcoin Cash Price Weekly Analysis – BCH USD Could Break $1,200 Key Points Bitcoin cash price is in a major uptrend from the $650 swing low against the US Dollar. There is a crucial bullish trend line forming with support near $1,090 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair remains well supported on the downside and it could even break $1,200 in the near term. Bitcoin cash price is gaining traction above $1,000…

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What is the price of bitcoin today – Why is BTC rising

April J, 2018
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What is the price of bitcoin today? Why is BTC rising? BITCOIN prices are back on the rise today, as the cryptocurrency posts strong results mid week. What is the price of bitcoin today? Why is BTC rising? Midweek charts show bitcoin prices are back on the rise. The cryptocurrency has been steadily rising overnight, increasing by more than 2.44 percent in the last hour. Bitcoin prices were trading at $8,239.66 as of 4.30pm today. The rest of the cryptocurrency…

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Bitcoin Price Technical Analysis for 18th April – Look Out for this Reversal Pattern

April J, 2018
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Bitcoin Price Technical Analysis for 18th April – Look Out for this Reversal Pattern   Bitcoin Price Key Highlights Bitcoin price is forming a head and shoulders on its 1-hour time frame to signal a potential selloff. Price already seems to be breaking below the neckline to confirm that sellers have the upper hand. Technical indicators are still suggesting that the uptrend could carry on, though. Bitcoin price formed a short-term head and shoulders pattern, which is a classic selloff…

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