Category Archives: Bitcoin

Bitcoin Price Below $9.5K Could Spark 80% Parabolic Advance Correction, Trader Warns

Bitcoin (BTC) continued to trade down on July 17 after a further 10% fall sent the price of the largest cryptocurrency back below $10,000.  Market visualization courtesy of Coin360 Data from Coin360 showed a problematic 24 hours for traders Wednesday, BTC/USD circling $9,600 after bouncing off lows at just $9,266. The downward trend followed increased United States government attention on cryptocurrency and … Continue reading Bitcoin Price Below $9.5K Could Spark 80% Parabolic Advance Correction, Trader Warns

Bears Rejoice as Bitcoin Fails to Reclaim $10k and Targets Lower

The Bitcoin pullback that started over the weekend has accelerated as we hit mid-week. During yesterday’s US trading session BTC dropped below the highly critical $10,000 level and has failed to reclaim it as we roll into another day’s trading. Bitcoin Drops Below $9,300 Since the weekend BTC has dumped 20 percent as the selloff accelerates. … Continue reading Bears Rejoice as Bitcoin Fails to Reclaim $10k and Targets Lower

Bitcoin Noticeably Absent From Senate Hearing on Facebook’s Libra

For a panel about a proposed cryptocurrency, Tuesday’s Senate Banking Committee hearing was notably light on crypto talk. Bitcoin was barely mentioned during the two-hour session and most of the lawmakers seemed far less concerned with the technology than with who was planning to leverage it: Facebook. Sen. Brian Schatz (D-Hawaii) put it perhaps the … Continue reading Bitcoin Noticeably Absent From Senate Hearing on Facebook’s Libra

Why Bitcoin Investors Are Taking the U.S. Treasury’s Crypto Quip in Stride

Just five years ago, Bitcoin (BTC) being mentioned by some of the biggest names in finance and politics was a quixotic dream. Now, this dream is coming to a reality. Ever since the cryptocurrency market rebounded in late-2018, investors, politicians, and technologists have begun to realize that Bitcoin is not going to die. And thus, they’ve sprung out of … Continue reading Why Bitcoin Investors Are Taking the U.S. Treasury’s Crypto Quip in Stride

Bitcoin Dominance Taps 70% in Recovery Rally, Are Altcoins Dead?

Bitcoin has made a bit of a recovery today in the wake of comments by US Treasury Secretary Steve Mnuchin. The 8 percent pump has left altcoins in the digital dust again as BTC market share knocks on the door of 70 percent. Bitcoin Briefly Back at $11,000 This time yesterday Bitcoin was trading very … Continue reading Bitcoin Dominance Taps 70% in Recovery Rally, Are Altcoins Dead?

Bitcoin’s Price Could Rise If Facebook’s Crypto Survives Congress Hearings

Bitcoin has come under pressure ahead of the U.S. governmental hearings on Facebook’s Libra cryptocurrency on July 16 and 17. The price of a single bitcoin, which stood near $13,000 five days ago, fell below $10,000 earlier today and tested the 50-day moving average at $9,900 for the first time since February 18. Facebook’s head … Continue reading Bitcoin’s Price Could Rise If Facebook’s Crypto Survives Congress Hearings

Ethereum Falls by 20% as Bitcoin Taps $10,000, Is There Hope for ETH?

Ouch, Ethereum (ETH) isn’t looking too hot. In the past 24 hours, the cryptocurrency has lost 20%, while Bitcoin (BTC) has shed a relatively mere 10% in the same time frame. According to Three Arrows Capital’s Su Zhu, Monday’s performance was the “top single-day downward move” for Ethereum since January 1st of 2017 — youch. As of … Continue reading Ethereum Falls by 20% as Bitcoin Taps $10,000, Is There Hope for ETH?

Bitcoin Lightning Nodes Claimed 2.22 BTC in ‘Justice’ Against Thieves: BitMEX

Bitcoin (BTC) Lightning Network nodes have claimed 2.2 BTC in “justice transactions” to deter potential thieves, a BitMex Research analysis revealed on July 15. A so-dubbed “justice transaction” is a punitive mechanism involving the closure of a lightning channel that is suspected to be attempting theft. As the report outlines: “… by design, when a thief attempts to steal … Continue reading Bitcoin Lightning Nodes Claimed 2.22 BTC in ‘Justice’ Against Thieves: BitMEX

IRS Confirms It Trained Staff to Find Crypto Wallets

The U.S. Internal Revenue Service (IRS) may consider subpoenaing major tech companies like Apple, Google and Microsoft in search of taxpayers’ unreported cryptocurrency holdings. That’s according to a slide deck presentation from an IRS cyber training session, which details a number of ways the agency’s criminal investigators might find potential crypto tax cheats. “Issuance of a Grand … Continue reading IRS Confirms It Trained Staff to Find Crypto Wallets

What Trump’s Bitcoin Tweet Changes

Let’s be clear: It was not the substance of Donald Trump’s tweet that made his critique of bitcoin and Libra so important last week. It should be of no surprise that this US President would declare himself “not a fan” of “highly volatile” cryptocurrencies “based on thin air” that “facilitate unlawful behavior” or that he much … Continue reading What Trump’s Bitcoin Tweet Changes