Cryptocurrency Markets Eke Out Gains In A Mixed Week

Going by news headlines, it would seem that the news was all gloom and doom this past week. But that assessment may not be true. As the chart shows, however, the top 10 cryptocurrencies managed to eke out gains even in the face of downward pressure. Bitcoin flirted with $5,000 territory this past week, when it dropped to $6190 on Tuesday. But the original cryptocurrency … Continue reading Cryptocurrency Markets Eke Out Gains In A Mixed Week

Bitcoin Price Continues To Crash; Crypto Markets Follow

Bitcoin price and crypto markets continued their tumble from yesterday even as a slew of news that could be construed as positive emerged regarding the cryptocurrency. Bitcoin continued its downward descent, falling by as much as 8% from its price 24 hours ago. At 17:09 UTC, it was changing hands at $6403.66, down 4.24% from a day earlier. The marquee cryptocurrency’s fall this week has … Continue reading Bitcoin Price Continues To Crash; Crypto Markets Follow

Bitcoin Price, Crypto Markets Fall After Goldman Reconsiders Crypto Trading

Bitcoin price retreated this morning, losing 6% of its total value in an hour, after the publication of a news report stating that investment bank Goldman Sachs may be reconsidering its foray into bitcoin trading. As of this writing, bitcoin was trading at $7009.59, approximately 5% down from its price 24 hours ago. The original cryptocurrency fell below $7,000 at 11:06 UTC this morning before … Continue reading Bitcoin Price, Crypto Markets Fall After Goldman Reconsiders Crypto Trading

Coinbase’s Plan To Secure Customer Bitcoin

Bitcoin custody has become a major stumbling block in the cryptocurrency’s evolution from a renegade asset to a legitimate investment vehicle. In its January letter outlining concerns for a bitcoin ETF approval, the SEC mentioned custody as a problem area. Per a 1940s act, funds are required to maintain commodities with a custodian approved by the agency. While there are companies that offer custodian services … Continue reading Coinbase’s Plan To Secure Customer Bitcoin

What Does The Increase In Bitcoin Shorts Mean For Its Price?

The number of bitcoin shorts has skyrocketed over the labor day weekend. According to Forbes contributor Billy Bambrough, a short position for 10,000 bitcoin was opened over the weekend. Another report claims that bitcoin shorts surged to $87 million during the same time period. BitMEX, a China-based platform for bitcoin trading, also claims that bitcoin shorts on its platform have skyrocketed. This is a significant … Continue reading What Does The Increase In Bitcoin Shorts Mean For Its Price?

How Long Will The Slide In Bitcoin Price Last?

A slew of recent good news about bitcoin has failed to bring cheer to cryptocurrency markets. Bitcoin price, which rallied to surpass $8,000 last week, is back under $7,000. Even the news about Intercontinental Exchange’s (ICE) decision to launch a startup for bitcoin futures trading resulted in only a brief bump to the cryptocurrency’s prices. The SEC’s announcement to postpone a decision regarding VanEck-SolidX’s proposal … Continue reading How Long Will The Slide In Bitcoin Price Last?

Bitcoin’s Hashrate Has Skyrocketed In The Last Year. Why?

Despite the precipitous decline in it’s price, bitcoin’s hashrate (or the amount of computing power deployed to its network) has skyrocketed. Approximately a year ago, bitcoin had 6.018 exahash of computing power dedicated to its network. As of yesterday, bitcoin’s hashrate was equal to 38.42 exahashes. (1 hash in bitcoin is equal to one round of SHA-256, the cryptocurrency’s mining algorithm and 1 exahash is … Continue reading Bitcoin’s Hashrate Has Skyrocketed In The Last Year. Why?

Bitcoin Price Falls

After registering a sudden bump last week, bitcoin’s price is on a downward roll once again. At 16:30 UTC, the original cryptocurrency’s price is trading at $6,372.01, a decline of 5% from less than 24 hours ago. Bitcoin’s swoon has had a domino effect on prices for other cryptos. Ether, the second most-valuable crypto in the market, is down by 10% from its price yesterday … Continue reading Bitcoin Price Falls

Which Crypto Had The Best Gains In April?

While the top 10 cryptos all registered significant gains this past month, the star performers were Tron and EOS. The former coin, which is backed by China’s e-commerce giant Alibaba’s founder Jack Ma, was up by 190%. EOS was the top performer with an increase of 199% in its price. Continue reading Which Crypto Had The Best Gains In April?

How Did The Top 10 Cryptos Perform During The First Quarter?

Cryptocurrencies rode into the New Year on the back of euphoric sentiment and record valuations. Three months later, those valuations have bitten the dust amid a spate of bad news and scandals. Cardano and Ripple were the biggest losers among the top 10 cryptocurrencies during the first quarter. The former shed 78.26% of its value while the latter lost 77.88% of its price from the … Continue reading How Did The Top 10 Cryptos Perform During The First Quarter?

Bitcoin Price Tanks As Bears Take Charge Of Crypto Markets

There was not much respite for cryptocurrency markets this morning. Crypto prices, which began falling yesterday after news that social media platform Twitter would ban crypto ads, continued to tank. At 15:17 UTC, crypto markets had a total valuation of $301.4 billion. Exactly a day earlier they were priced at $319 billion. The price of a single bitcoin fell to a low of $7767.86 this … Continue reading Bitcoin Price Tanks As Bears Take Charge Of Crypto Markets

Bitcoin Price Skedaddles On News Twitter Might Ban Crypto Ads

Traders swung between the optimism and gloom over bitcoin’s future prospects as cryptocurrency markets crashed below $300 billion before recovering this morning. The price of a single bitcoin, which had been on a steady decline since the middle of last week, wobbled to $7,370 Sunday morning. At 15:05 UTC, it had recovered to $8,635. The top 10 most-valuable cryptocurrencies mirrored bitcoin’s price trajectory. After a … Continue reading Bitcoin Price Skedaddles On News Twitter Might Ban Crypto Ads

Bitcoin Price Holds Steady, May Fall Further

Cryptocurrency markets continued their free fall for most of yesterday, dropping to as low as $318.1 billion at 21.57 UTC before recovering this morning. At 15:22 UTC today, they were worth $336.1 billion. The price of a single bitcoin rose slightly from 24 hours ago. At 15:47 UTC, the cryptocurrency was changing hands at $8465.42, an increase of 2.52% from the same time yesterday. It … Continue reading Bitcoin Price Holds Steady, May Fall Further

Prices For Bitcoin And The Top 10 Cryptocurrencies Are All In The Red For This Year

It took some time but it finally happened. The top 10 cryptocurrencies have all shed their gains from last year. Cardano, which rallied towards the end of last year, is the biggest loser, having lost 73% of its value since the start of this year. With losses of 70.3% and 63.6% each, Ripple and Bitcoin Cash are not far behind. NEO held out against market … Continue reading Prices For Bitcoin And The Top 10 Cryptocurrencies Are All In The Red For This Year

Analyzing Monthly Returns For Cryptocurrency Prices In 2017

Yesterday I wrote a post about San Francisco-based investment firm Bitwise Asset Management’s first research report about cryptocurrencies for Investopedia. The report, which is a case for diversification of holdings within the cryptocurrency ecosystem, tracked monthly returns for the top 10 cryptocurrency holdings in their HOLD10 index in the last year. Given the tumultuous volatility of cryptocurrency markets, it is not surprising that there was … Continue reading Analyzing Monthly Returns For Cryptocurrency Prices In 2017

Bitcoin Price Falls After Google Bans Advertising Related To Crypto Products

Cryptocurrency markets continued to slide as a mix of negative assessments and news about bans and regulatory crackdowns continued to bear down on them. At 16:06 UTC, the price of a single bitcoin was $8,711.30, down 4.8% in the last 24 hours. The biggest news to emerge in the last 24 hours is that of Google banning advertising related to cryptocurrency. The online advertising juggernaut’s … Continue reading Bitcoin Price Falls After Google Bans Advertising Related To Crypto Products

Ethereum Derivatives Might Bring Institutional Investors To The Cryptocurrency

Ethereum’s ether might be next in line to attract funding from institutional investors after bitcoin. Consensys, a firm started by Joseph Lubin, ethereum cofounder, to implement smart contracts, is partnering with TrueDigital, an affiliate of New York-based TrueEx, to develop a benchmark rate for ether and “the infrastructure needed for the broad adoption of digital assets by the institutional community.” The first product of the … Continue reading Ethereum Derivatives Might Bring Institutional Investors To The Cryptocurrency

Bitcoin Price Further Declines After Weekend Highs

Bitcoin’s price fell further from its weekend highs yesterday, touching a low of $8803.11 yesterday evening. After recovering through most of today, it is back on a downward slide. At 16:32 UTC, the price of a single bitcoin was $9,011.87, a decline of 1.18% from its price 24 hours ago. Other cryptocurrencies were also in the red. Among the top 10 cryptos, NEO, a cryptocurrency … Continue reading Bitcoin Price Further Declines After Weekend Highs

Bitcoin Price Falls After Weekend Surge

Bitcoin’s price had a rough last week on the back of new negative news. First, the SEC threatened to bring cryptocurrency exchanges under its purview. Then, one of the most prominent exchanges in the cryptocurrency ecosystem was hacked. A Japanese bitcoin whale was also revealed early last week. He admitted to making block sales of bitcoin to refund investors in Mt. Gox, the exchange that … Continue reading Bitcoin Price Falls After Weekend Surge

Bitcoin Price Crashes By 7% In Less Than An Hour As Rumors Of Binance Hack Swirl Crypto Markets

There is never a dull moment in cryptocurrency markets. Earlier this morning, bitcoin’s price was conducting an orderly retreat from its highs recently. While the decline was surprising, it was not entirely unexpected considering the inherent volatility of digital coin price movements. At 17:00 UTC, however, bitcoin’s price was $10,014.39, down 6.49% from 24 hours ago. More importantly, the original cryptocurrency had shed approximately 8% … Continue reading Bitcoin Price Crashes By 7% In Less Than An Hour As Rumors Of Binance Hack Swirl Crypto Markets