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Bitcoin Finds Bottom at $4,000 as Price Awaits Post-China Breakou

September J, 2017

Bitcoin Finds Bottom at $4,000 as Price Awaits Post-China Breakout The bitcoin-US dollar exchange rate (BTC/USD) may have climbed back above $4,000, but it might be ready to push higher even though China uncertainty reigns supreme. Following reports the country's regulators may be seeking to shut down domestic bitcoin exchanges, the bitcoin price fell to a low of $3,977 on the CoinDesk Bitcoin Price Index (BPI) this weekend. The rumor comes a week after the People's Bank of China (PBOC)…

China Is Said to Ban Bitcoin Exchanges While Allowing OTC Trades

September J, 2017

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China Is Said to Ban Bitcoin Exchanges While Allowing OTC Trades Order comes amid a broader clampdown on financial risk China is home to nearly a quarter of world’s bitcoin trades China plans to ban trading of bitcoin and other virtual currencies on domestic exchanges, dealing another blow to the $150 billion cryptocurrency market after the country outlawed initial coin offerings last week. The ban will only apply to trading of cryptocurrencies on exchanges, according to people familiar with the…

Bitcoin Price Sinks Below $4,200 on China Uncertainty

September J, 2017

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Bitcoin Price Sinks Below $4,200 on China Uncertainty Markets for bitcoin and other cryptocurrencies have fallen over the course of the day, following contested reports that regulators in China are looking to shut down the country's exchange ecosystem. CoinDesk's Bitcoin Price Index (BPI) is currently at about $4,184, representing a nearly 10 percent decline since the start of the day's trading. Markets peaked today at $4,698.73, per the BPI, though prices began to tumble around 13:20 UTC. Additional data from…

Bitcoin Breakout – Price Action Analysis Hints at Possible Pullback

September J, 2017

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Bitcoin Breakout – Price Action Analysis Hints at Possible Pullback The bitcoin price [BTC to US dollar exchange rate] fell to a two-week low of $3,900 on Tuesday, a market movement that represented the biggest decline for the asset since July. Triggered by the sudden news from China that the country’s financial regulators would ban initial coin offerings, the decline has also called into question just how big the appetite is for a higher bitcoin price given its 700% year-over-year…

What you need to know about the latest Bitcoin boom

September J, 2017

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What you need to know about the latest Bitcoin boom You may have noticed reports about Bitcoin’s value recently – its price is headed into the stratosphere. The crypto-currency’s recent meteoric price rise over the summer has seen one Bitcoin go from being worth $1,500 in early May to more than $5,000 over the weekend, before dropping to $4,654 at the time of publication. And that has got all kinds of people interested – people like Andrew Beckwith, a…

Bitcoin’s Golden Future

September J, 2017

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Bitcoin's Golden Future Could bitcoin be the next gold?The idea has a lot of intuitive appeal. Gold bugs and bitcoin fetishists tend to share a deep distrust of fiat currency and the nation state, an impregnable bullishness about their favored asset class, and an obsessive attention to details of market movements combined with a blithe disinterest in bigger-picture issues.The idea has become particularly popular as the value invested in bitcoin and other cryptocurrencies has marched upward over the past year.…

Bitcoin price drops $200 after new ruling from Chinese regulators

September J, 2017

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Bitcoin price drops $200 after new ruling from Chinese regulators Bitcoin's price fell after China announced a ban on initial coin offerings (ICOs) from $4,584 to around $4,350 per bitcoin. This move to be shortlived, according to experts. The move by China is not the first time the country's regulators have attempted to crack down on cryptocurrency. The price of bitcoin fell sharply after Chinese regulators announced a ban on organizations from raising funds using initial coin offerings (ICOs). …

Venezuela Cracks Down On Cryptocurrency Mining

September J, 2017

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Venezuela Cracks Down On Cryptocurrency Mining Cryptocurrency mining has become an important source of income in Venezuela, a country ravaged by hyperinflation, but it has also become hazardous as police are cracking down on people they suspect of using too much electricity. Venezuelans have turned to cryptocurrencies as inflation has ravaged the official bolivar, which has lost 99.4% of its value since 2012. As a result, mining has become more lucrative, and a way for people to earn money…

Record $5,000 Bitcoin Price Triggers $13 Billion Market Sell-Off

September J, 2017

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Record $5,000 Bitcoin Price Triggers $13 Billion Market Sell-Off The bitcoin price touched $5,000 this morning, ushering in a historic moment for the cryptocurrency ecosystem. Unfortunately, this achievement also triggered off a comprehensive market sell-off. Almost every major cryptocurrency–including ethereum, Ripple, and IOTA–experienced significant price decreases. Chart from CoinMarketCap The sell-off led to a significant crypto market cap pullback. At the height of the rally, the total value of all cryptocurrencies reached $179.7 billion–a new all-time high. However, nearly $13…

Bitcoin Price Nears $5,000; YTD Growth Exceeds 400%

September J, 2017

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Bitcoin Price Nears $5,000; YTD Growth Exceeds 400% 2017 has been a breakout year for bitcoin and the cryptocurrency ecosystem as a whole. Now, as the bitcoin price approaches $5,000, it’s an excellent time to look back at the trials and triumphs that have contributed to this 400% YTD rally. Global Adoption & the Road to $5,000 Bitcoin rang in the new year by crossing $1,000 for the first time since the 2013 melt-up, and the Financial Times promptly called…