The Bears cometh, and the Bears taketh away, from not only equities across the board, but also from Bitcoin and its altcoin brethren, as fears of an impending recession overly sway investor sentiments. That large sucking noise that you hear is the globe’s financial market being drawn into a “Black Hole” of frantic selling. Stocks…
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The Dow Jones and S&P 500 stock indexes are up, and, coincidentally, Bitcoin is down over the past five days after assaulting $12,000 on several occasions. BTC has succumbed to selling pressure, presumably to fund the rise in equities across the financial street. It had held $11,400 for a space of time, but it now…
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The SEC continues to delay the launch of the much-awaited decision on whether there will be a Bitcoin ETF after all, or not. Currently, the SEC has to decide if it will grant three ETFs. The information comes from filings posted on August 12th, 2019. The three sponsors of the Bitcoin ETF proposals are Wilshire…
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Bitcoin analysts that populate Twitter take great pains in plotting every possible near-term movement that their beloved digital asset might traverse over the ensuing weeks, tapping into their favorite technical indicators and citing all manner of fundamental causes that will drive the price action. While the majority points to actions taken by Fidelity Investments, the…
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These are anxious times in Bitcoin world. BTC keeps pounding upon upper resistance, occasionally pushing through to new heights, but lately it just seems to lose energy once it crosses the $12,000 threshold. Profit taking is one thing. Consolidating a position is another, but this latest round of bouts with sluggishness is worrisome to even…
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The first half of 2019 has concluded in Crypto-Land, and this event has been accompanied by new research reports that delve into the hidden corners of all things crypto. Coinshares and Circle, two crypto data analysis firms, have each issued reports that purport that the amazing push behind Bitcoin’s meteoric rise during the first six…
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Bitcoin has continued its assault upon the $12,000 barrier, while expanding its crypto market share dominance to 68.8%. Its share had been 66.5% only a few weeks back, but analysts are now projecting an 80% target, as altcoins weaken and fade away. A final reckoning may be occurring, where poor use cases may finally dictate…
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Right on cue, Bitcoin arose from its “slumber party” and bludgeoned its way upward once more, taking out formidable resistance at $11,200 with ease, leaping beyond $12,000 for a spell, and now consolidating its rapid gains at $11,742. If you do the math, that is a hefty 14% gain in a matter of days, thereby…
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Bitcoin is back to its old tricks of waiting until the weekend to make a positive leap forward. It had been ranging of late, unable to break out in any direction. If you went back to June, its fifth positive gain month in a row, BTC had been roundly repulsed from the $13,800 level. A…
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It's August 2019, and while many of us are enjoying summer, there is a really important thing Bitcoin hodlers and the cryptocurrency community should think about: the fact that nearly 85% of the entire Bitcoin supply has already been mined. The reminder comes from a blog post by Crypto Globe. As of August 1st, 2019,…
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