Tag Archives: bitfinex

Above $9.3K: Bitcoin’s Price Prints 13-Month High

The price of bitcoin (BTC) hit a 13-month high above $9,300 on Sunday. The leading cryptocurrency by market capitalization rose to $9,381 at  05:55 UTC – the highest price since May 10, 2018, according to CoinDesk’s Bitcoin Price Index. BTC was last seen trading at $9,250 representing 6.4 percent gains on the day. On a month-to-date … Continue reading Above $9.3K: Bitcoin’s Price Prints 13-Month High

Bitcoin (BTC) Price Defies Gravity: Next Bullish Break Could Hit $10K

Bitcoin price corrected lower sharply after trading to a new yearly high at $9,390 against the US Dollar. The price remained well bid and it is back above the key $9,000 pivot level. There is a crucial bullish trend line forming with support near $8,780 on the hourly chart of the BTC/USD pair (data feed … Continue reading Bitcoin (BTC) Price Defies Gravity: Next Bullish Break Could Hit $10K

Report: Uber, PayPal, Visa to Back Facebook’s GlobalCoin Cryptocurrency

Visa, Mastercard, PayPal and Uber are all backing Facebook’s new cryptocurrency, according to a new report. The Wall Street Journal reported Thursday that the social media giant has signed on more than a dozen backers for its GlobalCoin cryptocurrency, a stablecoin that has been developed in secrecy for more than six months. Each of the new backers … Continue reading Report: Uber, PayPal, Visa to Back Facebook’s GlobalCoin Cryptocurrency

Ripple (XRP) Price Surging: Bulls Sighting Break Past $0.4500

Ripple price started a solid upward move and broke the $0.4200 resistance against the US dollar. The price rallied above the $0.4400 level and recently started a downside correction. There is a key bullish trend line forming with support near $0.4250 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair … Continue reading Ripple (XRP) Price Surging: Bulls Sighting Break Past $0.4500

Technical Indicators Hint Bitcoin May Soon Run Higher, Potential Factors & Trends

Bitcoin (BTC) and the aggregated cryptocurrency markets have been able to find some stability after their upwards surge yesterday, which may be a bullish sign that points to the possibility that further gains are imminent in the near-future. Additionally, this upwards move has led multiple technical indicators to begin flashing bullish signs, and any bullish … Continue reading Technical Indicators Hint Bitcoin May Soon Run Higher, Potential Factors & Trends

Bitcoin (BTC) Price Smashes Resistance: Primed For More Gains

Bitcoin price broke to the upside and cleared the $7,950 and $8,000 barriers against the US Dollar. The price even broke the $8,200 resistance area and it is currently correcting lower. There is another major breakout pattern forming with resistance near $8,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The … Continue reading Bitcoin (BTC) Price Smashes Resistance: Primed For More Gains

Bitcoin Becomes “Money,” One Satoshi Now More Valuable Than Some National Currencies

Bitcoin has been dubbed a lot of things by many different people. It’s digital gold; a store of value; a cryptocurrency; it’s rat poison; it’s freedom from inflation; it’s borderless. But at its core, the one thing it aims to become the most, is money. Many argue that Bitcoin has many years to go before it can be … Continue reading Bitcoin Becomes “Money,” One Satoshi Now More Valuable Than Some National Currencies

Why Former Wall St Exec Says Facebook Crypto Push Would Boost Bitcoin

Bitcoin (BTC) hasn’t done all too hot over the past ten days, finally floundering above $9,000 to fall to $7,500, where the crypto sits now. In spite of this bearish price action, coupled with warnings that a move even lower is around the corner, there could be one industry catalyst that drives Bitcoin higher in … Continue reading Why Former Wall St Exec Says Facebook Crypto Push Would Boost Bitcoin

The Bitcoin Network is More Secure and Greener Than Ever

A report into Bitcoin mining has determined that Bitcoin is not the environmental disaster it is often painted as in the media. It turns out that the sophisticated computer units securing the network are mostly being powered by clean, renewable energy. The revelation comes at the same time that Bitcoin hash rate is close to its all-time … Continue reading The Bitcoin Network is More Secure and Greener Than Ever

G20 Finance Leaders Ask Global Regulators to Consider Multilateral Response to Crypto

G20 finance ministers and central bank governors have asked the Financial Stability Board (FSB) and global standard-setting organizations to monitor risks around crypto assets. The request was made in a joint communiqué published on the website of Japan’s Ministry of Finance on June 9, following the G20 meeting held in Fukuoka, Japan. The leaders that cosigned the document state that they urge relevant … Continue reading G20 Finance Leaders Ask Global Regulators to Consider Multilateral Response to Crypto