At press time, bitcoin has undergone no change since falling to $6,500 yesterday. It’s been a week of ups and downs for sure, and despite the low price, it’s a little refreshing to see bitcoin stay put for the time being. One source mentions bitcoin is at its lowest point […]
Tag: bitcoin price
Tom Lee Blames the Cboe Futures for Crashing the Bitcoin Price
There is still plenty of speculation as to why the Bitcoin price has plummeted over the past few months. Some sources hint at Tether’s involvement, whereas Fundstrat’s Tom Lee has a completely different view. In his opinion, the expiration of Cboe’s Bitcoin futures are the main culprit. Factors Influencing the […]
Bitcoin Price Watch: Currency Falls By $100
At press time, the father of cryptocurrencies is trading for about $6,500. This is roughly $100 less than where it stood yesterday, which in turn was $400 higher than where it had been trading the previous day. Bitcoin has been an up-and-down game for nearly the past week. Problems first […]
Bitcoin Price Watch: Currency Shoots Up to $6,600
At press time, the father of cryptocurrencies has shot up by over $400, and is now trading for $6,650. After many analysts stated that the $5,000 range was imminent, it appears bitcoin has impressed (and surprised) us once again by halting its descent earlier than expected. Whether it shoots back […]
Bitcoin Price Fell 11% in 24 Hours: What Triggered the Drop and What Lies Ahead?
Many analysts and mainstream media outlets including Bloomberg and the Wall Street Journal attributed the recent drop in the Bitcoin price from $7,500 to $6,700 to the hacking attack suffered by Coinrail, a minor cryptocurrency exchange in South Korea. However, the reasoning behind attributing the latest correction to Coinrail is […]
Bitcoin Price Watch: Currency Falls By $500
In an extremely disappointing move today, the father of digital currencies has fallen by an additional $500 and is now trading for just over $6,200. This is very disheartening news, as recovery does not appear to be in sight, and the $5,000 range for bitcoin seems imminent – a fate […]
Bitcoin Price Watch: Currency Hasn’t Moved in 48 Hours
At press time, bitcoin is still standing at the $7,600 mark. For the last two days, bitcoin hasn’t moved, and has been trapped in the red over news of a Coinrail hack and subpoenas issued by the Commodity Futures Trading Commission (CFTC) regarding bitcoin futures trading data. But is all […]
Bitcoin Price: $6,800 Seems to Hold Despite More Imminent Bearish Pressure
The uneasy situation affecting all cryptocurrency markets will remain in place for some time to come. Despite some minor gains for most currencies, it seems there is still plenty of negative pressure. As such, the question becomes whether or not the Bitcoin price will remain above $6,800 today. So far, […]
Bitcoin Price Watch: Currency Sits at $6,700
At press time, nothing has changed regarding the bitcoin price. The father of cryptocurrencies is sitting at $6,700 – a price it has held for roughly 24 hours, and recovery doesn’t appear imminent anytime soon. The mega-drop that hit the asset during yesterday’s morning hours stem from two likely sources. […]
Bitcoin Price: Sideways Momentum Can Turn $6.800 Into new Support Level
Most cryptocurrency holders and investors aren’t happy with the way the markets are evolving as of right now. That is only normal, as the Bitcoin price determines the fate of the rest of the pack. In the case of the Bitcoin price, it seems the dip is nearly over, albeit […]
Bitcoin Price Watch: Currency Tanks by Nearly $1,000
At press time, the price of bitcoin has fallen dramatically, and the currency is now trading for just over $6,700. This is about $900 less than where it stood just 24 hours ago. Investors were excited by the prospects that bitcoin had recently struck the $7,700 mark, and could potentially […]
Bitcoin Price: Dip Below $7,250 Seems Imminent but Won’t Last Long
Today is not a good day for the cryptocurrency markets. Even though volatility has been an integral part of this industry for some time now, this year’s cycle seems to be unrelenting. With the Bitcoin price dropping by 5.17% again, it remains to be seen if the world’s leading cryptocurrency […]
Bitcoin Price Watch: Currency Stands Firm at $7,600
At press time, the father of cryptocurrencies is standing its ground at $7,600. The coin has undergone no change over the last 24 hours, suggesting that present support levels are holding up, but that resistance at $7,600 is proving difficult to overpower. One source states that bitcoin is “gathering steam” […]
Industry Experts Expect the Bitcoin Price to Double by Late 2018
There is a lot of speculation taking place where the Bitcoin price is concerned. The expectations for the world’s leading cryptocurrency have never been higher, especially after the crazy run at the end of 2017. Even so, the current momentum doesn’t warrant any major uptrends. Several experts remain confident that […]
Bitcoin Price Watch: Currency Drops Back to $7,600
At press time, bitcoin is trading for just over 7,600. This is a near $60 drop since reaching yesterday’s high of $7,700. Though small, the currency has ultimately failed to defend this new line, leading analysts to wonder if $8,000 is no longer doable in the short-term. One source suggests […]