Category Archives: Bitcoin

Twitter Study Finds US Posts Most on Bitcoin and Facebook’s Libra

New research has found that the U.S. leads the world in the volume of tweets referencing bitcoin and Facebook’s planned Libra cryptocurrency. Fittingly published as a Twitter thread by crypto trading platform The TIE, the study found that 38.9 percent of posts on Twitter arose in the U.S., while 10.5 percent came from second place U.K. Canada, … Continue reading Twitter Study Finds US Posts Most on Bitcoin and Facebook’s Libra

Bitcoin Price Drops 5% But Rebound Likely, Charts Suggest

BTC has fallen more than $1,000 in the last 24 hours, establishing a bearish lower high at $12,061. A high-volume break above $12,061 is thus needed to revive the bullish view put forward by a bearish channel breakout seen in the 4-hour chart earlier this week. That would open the doors to $13,880. A move … Continue reading Bitcoin Price Drops 5% But Rebound Likely, Charts Suggest

Bitcoin (BTC) Price Correction Presents Another Buying Opportunity

After a strong rejection near $12,000, bitcoin price started a fresh decline against the US Dollar. A swing high was formed near $12,053 and recently declined below $11,800 and $11,400. There was a break below a major bullish trend line with support near $11,840 on the hourly chart of the BTC/USD pair (data feed from … Continue reading Bitcoin (BTC) Price Correction Presents Another Buying Opportunity

Six Years After First Bitcoin ETF Filing, How Close are We For One?

It seems inevitable that two of the financial world’s hottest trends would cross roads with each other. For bitcoin enthusiasts and investors looking to benefit from the growing popularity of exchange-traded funds (ETF), the possibility of a derivative that tracks the value of cryptocurrencies is the best chance for connecting the two worlds. But the … Continue reading Six Years After First Bitcoin ETF Filing, How Close are We For One?

Four Figure Frenzy as Bulls Bounce Bitcoin Back By 20%

The long awaited correction target of thirty percent has been hit but yet again, Bitcoin has shown monumental resilience bouncing back by over $1,800 in a matter of hours. A buying frenzy at four figures resulted in a return to $11k as the correction seemingly came and went in one quick flash. Bitcoin Bounces Back … Continue reading Four Figure Frenzy as Bulls Bounce Bitcoin Back By 20%

Analyst: Tether Print Hints Strong Bitcoin (BTC) Recovery Back After $4,000 Fall

That’s right ladies and gentlemen, Bitcoin (BTC) has fallen to $9,800. This marks a 30% decline from the asset’s year-to-date high of $13,800 — a key technical resistance and support on Bitcoin’s long-term chart. As analyst Teddy Cleps points out, this foray under $10,000, the first of its kind in about ten days, puts BTC under an … Continue reading Analyst: Tether Print Hints Strong Bitcoin (BTC) Recovery Back After $4,000 Fall

Bitcoin Price Drops Under $10,000 as Downtrend Continues

Monday, July 1 — Bitcoin (BTC) lost its grip on the $11,000 price mark earlier today to sink below $10,000 at press time. The leading cryptocurrency has pulled other top-20 coins down, with none of them reporting gains, according to data from Coin360. As Cointelegraph reported earlier, market analysts were expecting a 40% correction from the recent highs of … Continue reading Bitcoin Price Drops Under $10,000 as Downtrend Continues

Blockchain Retains Nominal Role in Cleveland Tech Hub

Tower City Center, which was purported to become a blockchain hub in Ohio, is now slated to become an entrepreneurial center. According to a report by cleveland.com on July 1, the Tower City shopping mall had been struggling financially, and was thought to be receiving an overhaul as a Cleveland-based blockchain center at some point. However, Blockchain Cleveland member Bernie Moreno … Continue reading Blockchain Retains Nominal Role in Cleveland Tech Hub

BIS Chief: Central Banks May Issue Digital Currencies ‘Sooner Than We Think’

After issuing comments and reports heavily critical of cryptocurrencies over the last few years, Agustin Carstens, chief of the Bank for International Settlements (BIS), has acknowledged that central banks will likely soon need to issue their own digital currencies. Speaking to the Financial Times on Sunday, Carstens said that BIS – which acts like a central bank for central … Continue reading BIS Chief: Central Banks May Issue Digital Currencies ‘Sooner Than We Think’

Bitcoin Forming Double Bottom: Can Bulls Gain Momentum?

There was another rejection near the $12,200 resistance in bitcoin price against the US Dollar. The price revisited the main $10,500 support area and it is currently correcting higher. There is a key connecting bearish trend line forming with resistance near $11,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The … Continue reading Bitcoin Forming Double Bottom: Can Bulls Gain Momentum?