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Bounce Off $9,000 Could End Bitcoin Price Correction; Here’s Why

While selling pressure has undoubtedly dissipated, the Bitcoin (BTC) price is still struggling. As of the time of writing this article, the cryptocurrency is trading for $9,550, which is 6.5% lower than BTC was at one week earlier. Related Reading: Prominent Investor Says Bitcoin Has…

Bitcoin Unlikely to Plummet By Another 30%, Declares Analyst

As Bitcoin bulls have failed to maintain the momentum seen from April to late-June, fear has started to grip the cryptocurrency market. Related Reading: Bitcoin Price Rallies On Latest Trump Volley, Analysts Expect Further Upside Analysts are starting to suspect that BTC has further downside,…

HODL: 79% of Bitcoin Addresses Are in Profit, Will They Sell?

Bitcoin has undoubtedly had a stellar 2019 so far. Year to date, the cryptocurrency has gained some 200%, rallying from around $3,500 to $10,000. Related Reading: Bitcoin: Crypto-Like Global Monetary System To Be a Boon For BTC While this market’s whales have undoubtedly benefited from…

Prominent Bitcoin Analyst Says Altcoin Carnage May Soon End: Here’s Why

Your favorite altcoin may be up 100% year-to-date, but make no mistake, Bitcoin is currently the alpha of the cryptocurrency pack. Related Reading: Bears in Charge as Bitcoin Price at Risk of November 2018 Style Dump Since Bitcoin dominance hit some 32% in early-2018, altcoins…

Analysts: Bitcoin to Post More Losses After BTC Flash Crash to $11,200

Youch. On Saturday, Bitcoin (BTC) was subject to the umpteenth flash crash in the past few weeks. Within a few minutes’ time, the cryptocurrency had shed $500 — around 4.5% — to lose the key support of $11,800. Related Reading: Crypto Tidbits: Bitcoin Mining by…

The Logbook: The broken peg that caused the Asian financial crisis

In a move that hints at uncertainties some developing countries are facing amid the ongoing trade war between the U.S. and China, Thailand’s central bank voted to cut interest rates by 25 basis points from 1.75% to 1.50% earlier this week. It was Bank of…

Bitcoin Shoots Past $12,000, Continues to Rally as Dow Jones Sinks

Bitcoin has continued to tear higher. As of the time of writing this, the flagship cryptocurrency is up 5% in the past 24 hours, finding itself trading for $12,500 a piece. Altcoins, interestingly, have not followed suit, perpetuating a trend of non-BTC crypto assets underperforming…

Fed cuts interest rates for the first time since the birth of Bitcoin

The Federal Reserve is cutting interest rates for the first time since the 2008 financial crisis, the year the bitcoin whitepaper was released.  In a much anticipated, live-streamed announcement today, Fed chair Jerome Powell said it is cutting the interest rate by 25 basis points,…

Bitcoin: A tale of two ‘Vol’s

Joe McCann is the Founder and Chairman of the Board of NodeSource and former quant trader for Passport Capital. This piece is purely for informational purposes; nothing in this post should be construed as investment advice. Volatility and volume, or lack thereof, has been the story…

Crypto Assets Tank, Lose 5% in Minutes as Bitcoin Fails to Hold $10,000

Would you look at that — over the past 30 minutes, crypto assets have tanked. In a matter of about ten minutes, most large-cap altcoins, including Ethereum, XRP, and Litecoin, shed approximately 5% on average. The sell-off in the price of Bitcoin was the catalyst…