It was only two weeks ago that the Bitcoin faithful were perturbed by the ranging behavior of their favorite cryptocurrency. BTC had been mired within a tightly bounded range between $7,500 and $8,100, with no particular since of what was to come. Even advocates began seeing “Head-and-Shoulder” formations that spoke that doom was imminent, perhaps…
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Bitcoin catapulted ahead in weekend trading, blasting through $10,000, as if there were no such thing as a psychological barrier or even formidable resistance. Then, in order to add the cherry to the top of this sundae or Sunday, whichever you prefer, cryptos’ omnipresent leader vaulted forward, crossing the $11,000 sound barrier, not once, but…
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Crypto currencies suddenly became front-page news over the past few weeks, due entirely to the “Big Reveal” of Facebook and its proprietary “Project Libra”. The degree of hype that this one storyline has received has not been witnessed during the decade-long history of the crypto world. If awareness leads to acceptance and then full adoption…
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The Bitcoin train just keeps chugging along, refusing to pull back sharply, as some analysts of note have suggested, and setting a new high for the year in the process. There has been a great deal of “hype” in the press this week regarding Facebook’s published plans for its proprietary crypto “Project Libra”, which will…
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Bitcoin pulled back again after beating on the $9,400 door, where ostensibly profit taking orders proliferated. BTC remained in positive territory for June, a feat few analysts predicted two weeks back, but the number crunchers were mixed, when it came to explaining why Bitcoin finally had a “sluggish” day at the trading table. There has…
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On Colombian-Venezuelan border, there is a new cryptocurrency exchange service that may help refugees who travel across the Simon Bolivar International Bridge. The information comes from Mrs. Aguilar from CoinDesk. According to press, the service is a point-of-sale one with digital coins that can be used to buy different types of goods. The point-of-sale is…
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Bitcoin is on fire again, if this weekend’s trading is any sign of things to come in the near term. Today’s trading has almost been a repeat performance, with BTC hovering over $9,000, bouncing down twice from resistance at $9,400, and now nestling in at $9,250. The sudden spurt caught most everyone off guard, but…
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It may be far too early in its short history to claim that Bitcoin has arrived and that its future is secure, but the fact that it depreciated 80% over eleven cruel months and that every critic known to man was claiming its imminent demise, but then picked itself up, dusted itself off, and rose…
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Binance is launching a bitcoin-pegged token for trading called BTCB. The token will be released on the native blockchain of Binance or, simply, on Binance Chain. The information comes from a blog post of the exchange. The token will be made available for trading on the decentralized part of Binance - DEX, as well as…
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Where is the 30%+ correction in Bitcoin prices? It was certainly not present during weekend trading, as the world’s favorite cryptocurrency bolted past $9,000, climbed to $9,388, pulled back, only to repeat its magical mystery tour once more. The ensuing attack on what many analysts have claimed to be an inordinate concentration of profit taking…
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