Cryptocurrencies News

Bitcoin has enjoyed a rather expedient recovery after its latest drop-off to the $5,555.55 weekly low, in what amounted to a drawn-out 29.57% pullback, which ended up lasting almost 4 days. The nominal decline totaled $2,332.1 and began after last weeks $7,888 all-time high was achieved. A breach of the $5,101.36 monthly support appeared highly likely at the time, and the subsequent reaction of alternative cryptocurrencies, seemed to favor the former price level. At the time, market sentiment was being heavily

The price of Bitcoin began to display signs of stability on Tuesday after a massive drop that erased 29%, or $38 billion, from Bitcoin’s total market value. The virtual currency began recovering yesterday as traders worried that the quick and sharp decline may have been an excessive response to the cancellation of a long-awaited technical Segwit2X upgrade.Bitcoin was seen moving near $6,400 today after falling from $7,838

For me, 2013 has long stayed in my memory as a year that affected me personally – a year where one key event impacted me directly. Looking back on it now though, it seems that there are several things that occurred that year, which is now repeating.Firstly, Obama was sworn

As of November 12, Bitcoin is trading below $6000. Once the SegWit2x fork was suspended, the price of Bitcoin surged to $7,999 on cryptocurrency exchange Bitfinex, before losing more than $2,000 in a matter of days.It is worth noting that the recent rally was supported by altcoin sell-off as traders exchanged

Wall Street is expected to decline today upon its opening. German Trade Balance was better than expected. Inflation in China gained more than its estimate. Crude Oil is sustaining its stronger range.Negative Opening Expected on Wall Street, No Signs of Significant Sell OffA negative opening is expected on Wall Street

What is Bitcoin2X?What will happen to the markets after the Fork?Over the past few months, Bitcoin forks have become a focal point for traders and investors. The Bitcoin Cash fork gained huge publicity and good support leading to the first major split in the Bitcoin network, resulting in two different

If you are thinking of buying cryptocurrency or already are a happy owner of digital coins, you surely have thought about spending it. And that is not so easy. But while crypto supporters forecast free use of crypto in future, there are services that make it possible nowadays, so you

One of the things that 2017 will be remembered for is Kim Jong Un’s rockets being fired. These, though, are not the only rockets to have hit the headlines this year. Bitcoin is doing a great impression of something about to go into orbit too.It is hard to remember the

With an increase in Bitcoin’s value of $1400 during the previous week, bitcoin does seem to be showing signs of slowing down today. The current $7,500 all-time high is set as the next new pre-rally resistance level, with the $5,646.18 weekly low, now sticking out among the many available support levels. The previous $7,350 all-time high has failed to stand firm as a support. Bitcoin is currently trading

Since the beginning of January 2017, the price of Bitcoin has increased by an astonishing 690%, up from $1,000 to the current price of $7,066. Ethereum entered the scene at $10, now trading at around $300. In all, cryptocurrencies have experienced exponential growth this year, with Ethereum marking a 3,000%

Bitcoin has seen 3 new all-time highs in October alone, with the first being on October 13 at $5,842, the second on October 21 at $6,180, while the third and latest all-time high was achieved yesterday at $6,316.85. Bitcoin continues to break record highs on Wednesday as well as prices trade above $6500. Volume has increased somewhat on BitStamp, and there appears to be slightly less selling

The Federal Reserve will release its interest rate statement today in the U.S and investors will be braced within the broad markets. Jerome Powell is expected to be named the next Federal Reserve Chairman. Manufacturing data will come from the U.K and States today.Traders Braced for Busy Day Ahead, Jerome

Last week, Bitcoin underwent another hard fork which resulted in the creation of Bitcoin Gold (BTG). Investors had high hopes for this new cryptocurrency, as community support and exchanges seemed to guarantee receipt of equal amounts of BTG.For this same reason, Bitcoin attracted high demand from investors of all levels,

Apart from their major goal, which is creating a new digital coin, cryptocurrency developers have a few minor ones, too. Those could be creating a whole new transaction processing model with high-speed execution and minimum fees, or a higher level of payment security, regardless of the amount. This could also

Bitcoin turned another fork on the road this week or more accurately, headed out in a new direction entirely. Bitcoin Gold was released as a way of miners being able to explore new avenues to find those elusive cryptocurrency nuggets. This fork is a blockchain which has been identical to

Finally, the new fork in the bitcoin industry is done and dusted and it remains to be seen whether this is going to be one in a series of forks in the bitcoin history. The last one was in August which led to the creation of the new bitcoin cash cryptocurrency and

Bitcoin has had a vibrant week so far, which began with a vicious but prompt plunge to the $5,101 weekly low. This was soon followed by a rebound that pushed the price up to the new $6,180 all-time high. Volume has been strong since then, although selling was until recently, outpacing buy orders by a wider margin, in just these past few days alone.

The turnaround in the bitcoin market ever since it went down due to Chinese regulators action, a few weeks back, has been nothing short of spectacular so far. When bitcoin prices dropped by more than 20% at that time, there were many inside and outside the market who had predicted

Despite the massive run-up in price, the psychological level of $6,000 was not breached, and the BitStamp all-time high presently sits at $5,846.43. The same can be said for BitFinex’s BTC/USD pairing, which now has a new $5,920 all-time high, serving as a final pre-breakout resistance level. We have a similar situation with Kraken’s XBT/EUR pair, €5,000 was not shattered, and the all-time high is currently holding at €4,899. Bitcoin prices have consolidated since the big surge last

Say whatever you want about bitcoin but the world’s favorite cryptocurrency seems to have shrugged off all of its recent woes to rocket past the $5,000 mark, with no sign of stopping. $5800 to be precise…As the daily chart shows, this rise encounters no resistance or any counter signals. The