Bitcoin Price Jumped in the Last Week. Is Crypto Back?

Bitcoin price, which has been in the doldrums this year, jumped in the last week on the back of a series of positive pronouncements. The original cryptocurrency, which had been mired in a range below $3,500 since the middle of January, broke past that barrier and is currently flirting with $4,000, a figure it last touched at the beginning of December. Ethereum, a cryptocurrency which … Continue reading Bitcoin Price Jumped in the Last Week. Is Crypto Back?

Bitcoin Price Predictions For 2019

Crashing markets defined the cryptocurrency story in 2018. With a gain of over 1,000 percent in last year, bitcoin price entered this year on a high.  But the excesses of 2017 gave way to the sobriety of 2018. Speculators exited the market but Wall Street refused to fully commit to the new asset class. The result was a sharp drop in bitcoin price due to … Continue reading Bitcoin Price Predictions For 2019

Will Bitcoin Price Bring Christmas Cheer To Traders?

Is a Santa Claus rally in the works for bitcoin price?  In the last five days, the original cryptocurrency’s price has jumped by 21 percent based on data from Coindesk. Around the anniversary of its peak price, bitcoin even traded above $4,000, a figure that it last saw at the beginning of this month. Coindesk suggests that a bull rally may in bitcoin price’s near term … Continue reading Will Bitcoin Price Bring Christmas Cheer To Traders?

Bitcoin Price Continues Reversal, Racks Up Gains

A day after its all-time high anniversary, bitcoin price continued to reverse course from its losing streak. At 14:15 UTC, it is trading at $3,836.88 at 14:15 UTC. That price is an increase of 9% from 24 hours ago. It also represents a gain of approximately 22% from the cryptocurrency’s bottom four days ago, when it hit $3,139.96. According to Bloomberg, this is the longest … Continue reading Bitcoin Price Continues Reversal, Racks Up Gains

Bitcoin Price Rallies Briefly On First Anniversary Of All-Time High

This might be a season of comfort and joy but there is little of that for cryptocurrency traders. On the one-year anniversary of bitcoin’s all-time high, cryptocurrency markets provided a brief respite but are busy shedding their gains, as of this writing. There was a bump in bitcoin’s price, when it climbed up by 4% this morning. But the original cryptocurrency’s price quickly declined. It … Continue reading Bitcoin Price Rallies Briefly On First Anniversary Of All-Time High

Bitcoin Price Was At An All-Time High Today Last Year. What Went Wrong?

A year ago, bitcoin price hit an all-time high, coasting from $10,000 to closing in on the much-anticipated figure of $20,000 in less than a month. Back then, the future for cryptocurrency markets seemed bright and the mood was euphoric.  The scenario is starkly different a year later. A somber mood has replaced euphoria. Perhaps, bitcoin’s price action today, when it popped briefly before reverting … Continue reading Bitcoin Price Was At An All-Time High Today Last Year. What Went Wrong?

Bitcoin’s Price Problem

Bitcoin price has had a bad run this year. But Fundstrat’s Thomas Lee is still sanguine about the cryptocurrency and implied in his latest note that bitcoin was not correctly priced by the markets. According to him, the fair value of bitcoin is between $13,800 and $14,800. He arrived at this estimate by adding up wallet numbers for the cryptocurrency, usage per account and supply … Continue reading Bitcoin’s Price Problem

Mining Giant Bitmain Closes Shop In Israel

Add Bitmain to the list of companies suffering in the crypto winter.  According to a report yesterday, the mining giant will close its Israel development center this week. Twenty-three employees are affected by the layoffs. “The crypto market has undergone a shakeup in the past few months, which has forced Bitmain to examine various activities around the globe and to refocus its business in accordance … Continue reading Mining Giant Bitmain Closes Shop In Israel

Crypto Markets Lost A Trillion Dollars In Market Cap From All Time Highs: Autonomous Research

Cryptoassets have lost a trillion dollars worth of market capitalization from their all-time highs earlier this year, according to Autonomous Research. “The crypto markets are not holding their value in an overall downturn, and have been fairly correlated with traditional equities as everything nosedives together,” writes Lex Sokolin, Global Director of Fintech Strategy at the firm.  After mostly moving sideways in October, cryptocurrency markets crashed … Continue reading Crypto Markets Lost A Trillion Dollars In Market Cap From All Time Highs: Autonomous Research

Bitcoin Price And Crypto Markets Record Double Digit Losses

The pain intensified for cryptocurrency traders yesterday after bitcoin lost $4.8 billion of its market capitalization with a sharp 11% decline in its price within 24 hours. The cryptocurrency began the day testing the $4,000 mark, per data from online publication Coindesk. Within seven hours, however, it had fallen to $3,316.13. That fall included a steep 8% drop in its price in 2 hours. As … Continue reading Bitcoin Price And Crypto Markets Record Double Digit Losses

November 2018: Mensis Horribilis For Crypto Markets

In November 2017,the price of bitcoin skyrocketed from $6,777.77 at the beginning of the monthto $10,219.30 by its end. The swell in bitcoin’s price helped push cryptocurrency markets to new heights. A year later, the price trajectory looked similar, except in the opposite direction. Bitcoin’s price atthe beginning of the month was $6,381.96. By the end, it had almost halved, touching a low of $3640.56 … Continue reading November 2018: Mensis Horribilis For Crypto Markets

More Turmoil For Bitcoin Price

After crashing by more than 13% in a couple of hours last Friday, bitcoin price collapsed below the $5,000 price mark, testing the edges of a further bottom in its price. As of this writing, it is changing hands at $4,908.93, down 12% from its price 24 hours ago. The latest slide in bitcoin’s price means that it is now down by 63.4% from its … Continue reading More Turmoil For Bitcoin Price

Bitcoin Price And Crypto Markets Continue Plunge

And they all fall down. Bitcoin price, which tumbled to its lowest price for this year yesterday, fell further this morning and the cryptocurrency’s valuation crashed to below $100 billion for the first time since the end of October last year. Cryptocurrency markets fell in tandem with bitcoin price. As of this writing, they are valued at $184 billion. The last time their valuation hit … Continue reading Bitcoin Price And Crypto Markets Continue Plunge

Bitcoin Price Crashes To Lowest This Year

Just when traders were complaining that bitcoin price had become boring, the cryptocurrency crashed by 13% in less than five hours this morning. The crash marked a sudden change of course for bitcoin price, which had mostly stayed constant within the $6200 price range during the last week or so. Bitcoin’s volatility had reached record lows in the last couple of months, much to the … Continue reading Bitcoin Price Crashes To Lowest This Year

Tether’s Loss Last Week Meant Gains For Other Stablecoins

For an asset often touted as reliable in a volatile cryptocurrency market, stablecoins have been remarkably unstable in the last week. First, there was the problem with Tether. The stablecoin, which is the second-most traded cryptocurrency after bitcoin and accounts for 98% of daily trading volume in stablecoins, crashed last weekend as investors, fearful of Tether’s stability after news reports questioned Bitfinex’s solvency emerged, began … Continue reading Tether’s Loss Last Week Meant Gains For Other Stablecoins

Why Did The Price For Ripple’s XRP Jump Over The Weekend?

For most of this year, the price for Ripple’s XRP has trended downward. Towards the end of 2018’s first week, XRP price reached a high of $3.54 and a market cap of $137 billion. But its price cratered soon after in the swoon that enveloped cryptocurrency markets as media reports and crypto experts questioned XRP’s utility within the Ripple ecosystem. Until last week, XRP’s price … Continue reading Why Did The Price For Ripple’s XRP Jump Over The Weekend?

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, 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

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?

Three Benefits Of ICE’s Entry Into Crypto Trading

Big names have been missing from the cryptocurrencies even as the industry has gained rapid mainstream traction. The bitcoin ecosystem is littered with names that are mostly unknown and new. That wouldn’t be such a problem if its credibility had not been further eroded by scandals and hacks. Entire cryptocurrency exchanges have closed operations due to hacks. Institutional investors, who provide capital to keep markets … Continue reading Three Benefits Of ICE’s Entry Into Crypto Trading