Bitcoin

US Real Estate Crisis: Home Sales Plunge to 9-Year Low, Mortgage Delinquencies to Soar Past Great Recession Level

May 24th, 2020

The US real estate market is facing a crisis as unemployment soars amid the coronavirus pandemic. Home sales have plunged to a nine-year low and a record-high number of homeowners are defaulting on their mortgage payments. The impact of the real estate crisis is also seen in rental and commercial real estate markets. Massive Declines…

Bitcoin Mining Hashrate Expected to Rise Towards May End in China: Report

May 22nd, 2020

Bitcoin [BTC] mining hash-rate has dropped to March lows after as inefficient and old generation miners are being driven out by low profitability. Nevertheless, the arrival of the flood season by the end of the month is expected to cause an uptrend in hash-rate with the availability of cheap electricity. Miners Asked to Side-Step China…

Bitcoin Investors Worry As Price Nosedives Under $9,000: What to Expect Ahead Of The Weekend Session

May 22nd, 2020

Bitcoin is seeking balance above $9,000 after a minor recovery from the weekly low at $8,750. BTC/USD is technically poised for more upward price action as long as support at $9,000 is defended at all costs. Bitcoin spiraled further over the last 24 hours after actively drumming on the critical $10,000 level without success. Investors…

Bitcoin Use on Darknet Markets Jumps 65% in First Quarter

May 21st, 2020

Bitcoin transactions on darknet markets jumped 65% in value during the first quarter, according to research by a blockchain analytics firm. The amount of bitcoin sent from darknet entities to mixers also grew rapidly as exchanges with verification requirements became less popular among darknet users. Growing Bitcoin Use on Darknet Markets Crystal Blockchain’s analytics team…

Generations of Debt: US Taxpayers Held Liable for Federal Reserve’s $6.9 Trillion Balance

May 20th, 2020

The central banking system in the U.S. and the country’s megabanks have manipulated the economy for quite some time and these days, the coronavirus has been a great excuse to create trillions for stimulus. A recent report from the analysts at Wall Street on Parade indicates that American citizens could be responsible for 98% of…

Bitcoin Price Settles Above $9,600 But Ignoring This Double-top Pattern Is The Key To $10,500

May 20th, 2020

Bitcoin price holds dearly to $9,600 support even as attempts to break $10,000 rendered unsuccessful. Bitcoin golden cross pattern could be the key for the breakout targeting $10,500 in the medium term. The most traded cryptocurrency, Bitcoin has in the past several days struggled to break the resistance at $10,000. All attempts made to clear…

Bitcoin Sentiment on Twitter Reaches Its Highest Level in 3 Years, Says Data Firm The Tie

May 20th, 2020

Positive investor sentiment about bitcoin (BTC) on Twitter has reached record levels – its highest in three years – triggered by the cryptocurrency’s supply cut earlier this month, data shows. According to crypto data company The Tie, the 30-day average daily sentiment score is at an all-time high since 2017. The “score” typically measures the…

Bitcoin Price Analysis: BTC/USD On The Verge Of Break down To $8,000, Double-top Pattern In Action

May 19th, 2020

Bitcoin price numerous attempts to break above $10,000 nullified as selling pressure intensifies. BTC/USD is technically poised for more losses in the near term especially if support at $9,500 is broken. Bitcoin price progress (recovery) over the last couple of weeks is in jeopardy following the failure to breach the $10,000 level. The initial surge…

Venezuelans Can Now Use Bitcoin to Pay for Goods at 20,000 PoS Terminals

May 18th, 2020

Venezuelans will now be able to use bitcoin to pay for goods and services at more than 20,000 point-of-sale (PoS) terminals throughout the struggling South American country. This follows a deal between Panamanian crypto exchange Cryptobuyer and local payments processor Mega Soft to connect some of Venezuela’s biggest retail chains for this purpose. Stores that…

Bitcoin Price Analysis: BTC/USD Rising Triangle Pattern Reversal Targets $8,400

May 18th, 2020

Bitcoin price recovers from the weekend support at $9,500 but stalls short of $10,000. The selling pressure at $10,000 is still intact; if unbroken in the short term, BTC/USD could spiral to $8,400. Bitcoin price is facing a make or break situation. If the key hurdle at $10,000 is broken, Bitcoin could easily sail towards…