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Bitcoin falls as one of the world’s biggest cryptocurrency markets readies a bill to ban trading

January J, 2018

Bitcoin falls as one of the world's biggest cryptocurrency markets readies a bill to ban trading South Korea's justice minister said that the country is preparing a bill that will ban all cryptocurrency trading Park Sang-ki told reporters that there are "great concerns" regarding virtual currencies Bitcoin tumbled more than 12 percent following Park's remarks South Korea's justice minister said on Thursday that a bill is being prepared to ban all cryptocurrency trading in the country. That news is a…

Bitcoin Price Technical Analysis for 10th January â Small Reversal Signal

January J, 2018

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Bitcoin Price Technical Analysis for 01/10/2018 – Small Reversal Signal Bitcoin Price Key Highlights Bitcoin price appears ready for another selloff as price has formed a head and shoulders pattern on the 1-hour chart. Price has yet to break below the neckline around the $14,000 major psychological support. The chart pattern is approximately $3,000 tall so the resulting drop could be of the same height. Bitcoin price is forming yet another selloff signal on a short-term time frame, but technical…

Bitcoin drops below $15,000 as regulation, demand concerns linger

January J, 2018

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Bitcoin drops below $15,000 as regulation, demand concerns linger Bitcoin slumped, dragging down smaller rivals such as ether and litecoin, as concerns that regulators will tighten their grip on the market weigh on the world's largest cryptocurrency. Regulators in China and South Korea are increasing oversight on cryptocurrency trading and mining, while the US Securities and Exchange Commission late last year started cracking down on some digital token sales, known as ICOs. Coinmarketcap.com's decision to exclude Korean pricing data for…

BITCOIN PRICE – LIVE UPDATES: CRYPTOCURRENCY VALUE RECOVERING AFTER HEAVY RECENT SLUMPS

January J, 2018

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BITCOIN PRICE – LIVE UPDATES: CRYPTOCURRENCY VALUE RECOVERING AFTER HEAVY RECENT SLUMPS The value of bitcoin appears to be recovering after a tumultuous period for the cryptocurrency. After hitting a new record high when it passed the $19,850 mark in mid-December, it tumbled rapidly, falling to below $12,000 within days. It has been constantly rising and falling ever since, and is worth $14,932 as of Wednesday afternoon UK time, according to the Coinbase exchange. That’s a significant improvement on yesterday,…

Bitcoin is passÃ©: these are the cryptocurrencies to look at in 2018

December J, 2017

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Bitcoin is passé: these are the cryptocurrencies to look at in 2018 Bitcoin had a monumental 2017, with its price rising by more than 1,400pc over the past year. However, it was far from the best-performing cryptocurrency. Of the 10 most important digital currencies by total value at the time of writing, six have been around for more than a year. All six have experienced price rises that eclipse Bitcoin, ranging from 2,870pc for Monero to 31,560pc for NEM. As…

Bitcoin Price Technical Analysis for 12/27/2017 â Rebound Underway?

December J, 2017

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Bitcoin Price Technical Analysis for 12/27/2017 – Rebound Underway? Bitcoin price is slowly starting to trend higher once more, possibly rebounding from the slide in the previous week. Bitcoin Price Key Highlights Bitcoin price appears to be recovering from its pre-Christmas slump, forming higher highs and higher lows again. Price is trading inside an ascending channel pattern and is currently testing the resistance. A pullback to support could be due and using the Fib retracement tool shows the potential inflection…

Bitcoin could hit $60,000 in 2018 but another crash is coming, says startup exec

December J, 2017

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Bitcoin could hit $60,000 in 2018 but another crash is coming, says startup exec Cryptocurrency entrepreneur Julian Hosp sees a "very, very healthy" chance to buy while the price is lower No "crypto winter" is coming right now, Hosp predicts, but the market should see consolidation in coins in a year or two out Cryptocurrency entrepreneur Julian Hosp says bitcoin's rapid rise isn't over yet. But there's a catch. "I think we're going to see bitcoin hitting the $60,000 dollar…

Winklevoss twins cut up their Bitcoin key and keep the pieces in different bank vaults across America to protect their $1.3billion digital fortune

December J, 2017

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Winklevoss twins cut up their Bitcoin key and keep the pieces in different bank vaults across America to protect their $1.3billion digital fortune Tyler and Cameron Winklevoss, 36, started buying up Bitcoin back in 2012 They used $11m to buy roughly 120,000 Bitcoins when they were less than $10 The funds for Bitcoin came from the $65 million settlement they reached with Facebook's Mark Zuckerberg Twins have cut up the keys to their digital fortune and keep each piece in…

Bitcoin slump sees trades suspended on certain exchanges

December J, 2017

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Bitcoin slump sees trades suspended on certain exchanges Bitcoin plunged on Friday, extending a fall that saw the crypto-currency lose almost a third of its value from a record of nearly $20,000 (£15,000). The crypto-currency's price dipped below $11,000 on Friday, according to the Coindesk exchange website, before recovering to above $13,000. Amid the swings, three Bitcoin-related exchanges suspended certain trades. Bitcoin has had a blistering trip over the past 12 months. Its price at the start of the year…

Bitcoin Price Technical Analysis for 12/22/2017 â Bears Settling In

December J, 2017

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Bitcoin Price Technical Analysis for 12/22/2017 – Bears Settling In Bitcoin price is trending lower on its 1-hour time frame and might be due for a pullback to the area of interest at $16,000. Bitcoin Price Key Highlights Bitcoin price continues to trend lower and has just dipped below the $13,500 mark. Price seems to be drawing some support from this area, though, probably making its way up for a correction. Applying the Fib retracement tool shows the nearby inflection…