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3 Reasons the Bitcoin Price Hit $8,000 Today

November J, 2017

3 Reasons the Bitcoin Price Hit $8,000 Today The bitcoin price touched the $8,000 mark on Friday morning (or Thursday night, depending on your time zone), enabling the flagship cryptocurrency to check another milestone off its to-do list before it reaches five-figure territory. Bitcoin Price Touches $8,000 Just days prior, the bitcoin price had been trading below $6,000, but a mid-week rally raised bitcoin back to its pre-dip level and ultimately vaulted it to a new all-time high of…

Bitcoin Price Technical Analysis for 23rd October â Another Break, Another Pullback

October J, 2017

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Bitcoin Price Technical Analysis for 23rd October – Another Break, Another Pullback Bitcoin price zoomed up to set new all-time highs and is pulling back to offer an opportunity to ride the rally. Bitcoin Price Key Highlights Bitcoin price surged to new highs at the $6200 area once more, indicating that bullish momentum is very strong. Price has quickly pulled back after reaching this area, giving more bulls an opportunity to hop in the climb. Applying the Fibonacci retracement tool…

Bitcoin Price is Hitting Above $4,500 Again

October J, 2017

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Bitcoin Price is Hitting Above $4,500 Again Bitcoin price surpassed the $4,500 mark Sunday, reaching $4,614.91 Sunday, posting a market capitalization of $76.662 billion. Bitcoin posted close to a 5% gain in the last 24 hours, during which most cryptocurrencies posted losses. Ripple and Litecoin were the only other two of the top 10 cryptocurrencies to gain in the period, posting 15.6% and 2.02% gains, respectively. BitConnect, the number 12 crypto with a market cap just over $1 billion, was…

Calm Before the Fork – Segwit2x Goes Silent as Bitcoin Split Looms

October J, 2017

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Calm Before the Fork – Segwit2x Goes Silent as Bitcoin Split Looms "It's sort of like the quiet tension before a battle." That's how Jean-Pierre Rupp, a developer at bitcoin wallet provider Blockchain, described the current state of Segwit2x development. With the code labeled "production ready," and the work of contributors like Rupp nearly complete, the main step left is the activation of the code, scheduled for late November. That's when the next stage of bitcoin's scaling debate, as they…

Bitcoin: $6,000 and Beyond?

October J, 2017

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Bitcoin: $6,000 and Beyond? Bitcoin will quickly rise to $6,000 and you’re all foolish for thinking otherwise. At least, that’s what industry experts are saying. Of course, they added one important caveat: expect volatility to continue. Bullish on Bitcoin The cryptocurrency community has fallen on hard times as of late, but that hasn’t stopped the industry’s brightest minds from maintaining their bullish bets on BTC. The next major target that experts are eyeing is $6,000, which is a nearly 40%…

Will bitcoin ever be a safe investment or always a gamble

October J, 2017

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Will bitcoin ever be a safe investment or always a gamble? The boss of JP Morgan was unequivocal about bitcoin at a recent conference in New York: the digital currency was only fit for drug dealers and would eventually blow up. “[It] isn’t going to work,” said Jamie Dimon. “You can’t have a business where people can invent a currency out of thin air and think that the people who are buying it are really smart.” A few days after…

Early bitcoin investor Palihapitiya declares ‘nobody can stop it’

September J, 2017

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Early bitcoin investor Palihapitiya declares 'nobody can stop it' Social Capital's Chamath Palihapitiya was early in both Facebook and bitcoin and continues to back both. "The idea that the government can put curbs on this is actually pretty specious," he said in response to JPMorgan Chase CEO Jamie Dimon's criticism of bitcoin. Investors who followed Social Capital's Chamath Palihapitiya into the early stages of two investments he advocated would have made an awful lot of money. Palihapitiya was early in…

Bitcoin’s price is spiking by 7 percent as traders shake off China fears

September J, 2017

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Bitcoin's price is spiking by 7 percent as traders shake off China fears The price of bitcoin is up nearly 300 percent year to date. Bitcoin is still under the $4,000 level, which it broke through after JPMorgan CEO Jamie Dimon said on Sept. 12 that the cryptocurrency is a "fraud" that will eventually blow up. The price of bitcoin rose sharply on Monday with its price spiking up 7 percent midday, according to CoinDesk market data. The price…

Bitcoin Price Technical Analysis for 09/18/2017 â Chance to Short?

September J, 2017

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Bitcoin Price Technical Analysis for 09/18/2017 – Chance to Short? Bitcoin price is making a correction from its recent selloff, but it might be ready to resume the drop soon. Bitcoin Price Key Highlights Bitcoin price has been selling off in the past few days on reports that China has officially confirmed it would be shutting down exchanges. A bearish channel can be seen on the 1-hour time frame and it’s currently showing a pullback opportunity. Price is stalling at…

U.S. Bill Would Ease Bitcoin Tax Regulations for Small Transactions

September J, 2017

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U.S. Bill Would Ease Bitcoin Tax Regulations for Small Transactions Two U.S. congressional representatives have introduced a bill that would reduce bitcoin tax reporting requirements. If the bill is signed into law, U.S. bitcoin users would no longer have to report transactions worth less than $600. The Cryptocurrency Tax Fairness Act of 2017, introduced by Congressional Blockchain Caucus co-chairs Rep. Jared Polis (D-CO) and Rep. David Schweikert (R-AZ) is a bipartisan attempt to reduce the regulatory burden on people who…