Bitcoin

Bitcoin Price Bear Channel Intact along with Peer Pressure from Stocks: Mati Greenspan

May 1st, 2020

Bitcoin is back in the long-term bearish channel as the stock market correlation and pre-halving pump fail to break above resistance. Mati Greenspan, leading financial and crypto analyst marked that resistance from the 2019 bear channel still holds. The mid-line of the parallel channel has been has been a significant level for resistance and support…

Bitcoin Lender Genesis Global Issues $2 Billion in Loans During Record Quarter

April 30th, 2020

Genesis Global Trading has reported a 100% jump in new loan originations in the first quarter. The cryptocurrency lender and trading platform added a record $2 billion in new loans in the three months leading to March 2020, up $1 billion from the previous quarter. BTC accounted for 44.8% of the loans and bitcoin cash…

Bitcoin Unilateral Rise to $9385 Dwarfs Altcoins; Will Dominance Usurp 70%?

April 30th, 2020

The uptrend in Bitcoin [BTC] price has been unilateral, in that it has failed to cause an uptrend in the altcoins. While Bitcoin [BTC] has achieved 100% recovery from the drop in March, the total market capitalization of altcoins is trailing behind Bitcoin [BTC]. The price of Bitcoin [BTC] at 6: 00 hours UTC on…

London Bitcoin Miner Argo Blockchain Reports 1,000% Revenue Increase to $10 Million

April 29th, 2020

London Stock Exchange-listed bitcoin miner Argo Blockchain Plc said on Wednesday full-year 2019 revenue rocketed 1,000% to £8.62 million ($10.78 million) from £760,000 a year earlier. The company stated that the increase was due to a realignment of operations, from consumer-oriented mining as a service (MaaS) business to a proprietary mining model. Based in London,…

Bitcoin Price Trends: Peter Brandt Addresses the ‘Big Picture’

April 29th, 2020

Bitcoin [BTC] price had been trading in a tight range since the last couple of days between 7,475 and $779x. It finally seems to have broken out for the short term parallel range to the upside. The price of Bitcoin [BTC] at 3: 15 hours UTC on 29th April 2020 is $7835. XBT/USD 1-Hour Chart…

1 Cent per Kilowatt-Hour: China’s Sichuan Province Encourages Hydro-Powered Bitcoin Mining

April 28th, 2020

The local government of Ya’an city, in China’s Sichuan province, has announced the region is encouraging bitcoin mining in Sichuan if operations leverage the local hydropower plants. The document released by Ya’an city officials is in stark contrast to how Sichuan lawmakers felt about mining in 2018. Back then the government and China’s central bank…

Bitcoin and USD Tether Balance on Exchanges Signal a Bull Run: Analyst

April 28th, 2020

The total supply of stablecoins has sky-rocketed to the $9 billion marks, effectively surpassing the total market capitalization of XRP at $8.7 billion. The increase in USDT (Tether) volume has been particularly strong, with 54% supply surge since March. The total supply issued to Tether has increased to $7.516 billion. This is been by far the…

$8.8 Trillion Traded in Cryptocurrency Spot and Futures Markets in Q1: Reports

April 27th, 2020

The combined total trading volume in the cryptocurrency spot and futures markets amounted to approximately $8.8 trillion in the first quarter, according to two new industry reports. The amounts represent a massive 314% quarterly increase for futures trading and 104% for spot trading. Further, the correlation between spot market trading volume and bitcoin’s price in…

Bitcoin Price prediction: BTC/USD Spike Above $8,000 Could Test $9,000 Before may Halving

April 27th, 2020

Bitcoin price extends the bullish action towards $8,000 but hits a wall at $7,800. BTC/USD to confirm the pre-halving rally to $9,000 with a breakout above $8,000. Bitcoin price has been steady in its recovery in the recent days following a key breakout into the $7,000 range last week. The just concluded weekend session was…

Purse.io Returns: Company Reveals Crypto Marketplace ‘Is Here to Stay’

April 26th, 2020

On April 17, Bitcoin.com reported on the crypto marketplace Purse.io announcing the company would dissolve. Six days later, Purse revealed that the team is reconsidering the decision and explained that well-known bitcoin advocates reached out with interest in the acquisition. More than a week ago, the popular cryptocurrency marketplace Purse.io abruptly announced its decision to…