Institutional investors are quickly losing interest in Bitcoin, JP Morgan has stated in recent research. According to the bank, key flow metrics have dwindled in recent months indicating reduced interest from the professional investors. The research cited interest in Cboe Global Markets which is at its lowest since Bitcoin futures […]
Author: Steve Kaaru
Bitcoin Hits $3,550 as Report Finds Binance and Bitfinex the Only Non-Inflated Exchanges
Global crypto exchange king Binance and the controversial Bitfinex are the only two exchanges in the top 25 not wash trading their Bitcoin trading volumes. This is according to a report by the Blockchain Transparency Institute. The report unearthed massive volume manipulation and misrepresentation on major exchanges including OKEx, CoinBene, […]
Bitcoin Sinks Below $3,200 as Teenage Bitcoin Millionaire Says Its Dead
It’s yet another dark day for Bitcoin. In fact, it’s the darkest one this year. The currency has once again set a new low for the year. At press time, the currency was trading at $3,230, down 10 percent in just 24 hours. The currency was performing especially poorly on […]
Bitcoin Should Be Worth $14,800 Judging By Market Metrics: Tom Lee
Bitcoin’s current value is $3,312 but according to Tom Lee, it should be between $13,800 and $14,800. The ever-so-vocal Bitcoin bull believes that the currency is grossly undervalued and believes last year’s meteoric rise could be one of the reasons. In a note to Bloomberg today, Lee further refused to […]
Bitcoin Recovers $3,500 As Weiss Ratings Reveals This Is The Best Time To Invest
Bitcoin has recovered its $3,500 support level after seeing slight losses to trade just above $3,400. In the past 24 hours, the currency has gained a modest 1.76 percent to trade at $3,500 on most major markets. On Bitfinex, the currency was trading at $3,538 at press time. Most of […]
A Recession Is Looming – Will Bitcoin Capitalize or Collapse Too?
We continue to think the US will not fall into recession the minute the new year clock strikes one, but the sentiment is growing by leaps and bounds that 2019 is going to be awful for the US–economy unless something comes along to reverse the trend–and recession is well-night certain for 2020 […]
Red Wave Strikes as Binance CEO Thinks Jeff Bezos Might Catalyze Next Bull Run
The crypto market has experienced a red wave in the past 24 hours, with Bitcoin shedding some of yesterday’s gains to trade just above $3,500. The crypto king had soared to $3,680 yesterday on the back of a surprisingly positive Sunday trading session, but it has since regressed, albeit slightly. […]
Bitcoin Shoots to $3,680 as It Seems to Have Found Its Bottom
It’s green again! Bitcoin has recovered and is performing strongly, gaining 6.3 percent in the past 24 hours. The currency hit $3,680 earlier today, a level it last hit on Thursday. At press time, the currency was trading at $3,636 according to data from CoinMarketCap. In some markets such as […]
Bitcoin Rebounds to Reclaim $3,400 as Report Reveals Bithumb’s Involvement
Just a day after it hit a record low for the year, Bitcoin has rebounded to reclaim the $3,400 level. The currency gained 4.5 percent to trade at $3,432 just hours after it hit lows of $3,280 on some markets like Coinbase Pro and Bitstamp. At press time, Bitcoin had […]
Bitcoin Sets a New Yearly Low, Looks Set to Test $3,000 Very Soon
Bitcoin is down 10 percent in the past 24 hours and has set a new low for the year. The currency has been struggling to stay above $4,000, but it looks like the bears have the upper hand, at least in the short term. The currency slumped below $3,400 on […]
Bitcoin Falls below $3,600 As Onslaught by Mainstream Media Continues
Bitcoin has once again failed to sustain its price at the crucial $4,000 level, shedding close to 10 percent in just a day to fall below $3,600 level on some key markets. The currency was trading at $3,660 at press time, but on some markets such as the dominant BitMEX, […]
Bitcoin Reclaims $4,000 as Expert Claims It Will Surpass $20,000 by End of 2019
Bitcoin has fought to trade above $4,000 in December and for the most part, it has succeeded. However, the very crucial support level was breached yesterday as the currency lost 5 percent to drop to $3,830. However, it has since recovered to trade above $4,000. The support level seems quite […]
Bitcoin Maintains Its Stellar Start in December, Stays Above $4,150
After having its worst month in seven years, Bitcoin has kicked off December with resilience and resolve. The currency began the month trading just below $4,000 but it quickly shot up to claim the level and hasn’t looked back since. At press time, Bitcoin was trading at $4,150. The currency […]
As Bitcoin’s Price Fell, Mainstream Media Coverage Shot Up: Study
Bitcoin has become a household name today, a topic that can be discussed over dinner. This wasn’t always so and mainstream media outlets have had a lot to do with this. And according to a new study, the coverage has shot up even as the prices of most cryptos slumped. […]
Bitcoin Kicks off December with 6% Rise After Its Worst Monthly Drop in 7 Years
A month that brought so much joy last year turned out to be the worst this year. November 2017 was the first time bitcoin hit the $7,000 mark and proceeded to finish the month at over $11,000. This year, the story has been quite the reverse. Bitcoin started November at […]
‘I Come to Bury Bitcoin.’: UBS Executive Says Cryptos Will Never Be Currency
Bitcoin has failed in its attempt to be a currency and stands no chance of succeeding in this role in the future. It’s fatally flawed. This is according to Paul Donovan, the chief global economist at the Swiss investment bank, UBS. Following a scathing internal blog post he penned down […]
Coinbase Pro Lists Zcash, the Price Shoots Up To Hit 9-Day High
Coinbase today announced that it would begin supporting Zcash on its Coinbase Pro platform. The cryptocurrency joins a distinguished list of cryptos that are listed on the exchange, including Ethereum, Bitcoin, Litecoin and Ethereum Classic. Following the announcement, Zcash surged 15 percent to hit a nine-day high at $93.5, with […]
And We Are Back! Bitcoin Gains 13% To Trade At $4,200, Others Follow
The market is green again. After some very brutal two weeks, the market has begun to recover, led by the crypto king, Bitcoin. The currency gained 13 percent in the past 24 hours to reclaim the $4,000 level, and then some more. At press time, Bitcoin was trading at $4,221, […]