Category: Bitcoin

If Bitcoin Crashes Below $10,000 It’s All Over—Here’s Why

If Bitcoin Crashes Below $10,000 It’s All Over—Here’s Why

Bitcoin has declined sharply this week, losing over 5% in under 24 hours and causing traders to nervously eye the psychological $10,000 per bitcoin level.

Bitcoin Prices Climb To Their Highest In More Than A Year

Bitcoin Prices Climb To Their Highest In More Than A Year

Bitcoin prices rallied this morning, surpassing $12,000 and attaining their loftiest value since late last Summer. The cryptocurrency reached $12,198.17 around 10 a.m. EDT, after spending the last few weeks fluctuating primarily between $11,000 and $12,000, CoinDesk figures show. While bitcoin managed to rise above $12,000 today, we need more data before concluding that the digital currency…
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Bitcoin’s Hedge Fund Sharks Are Swimming With The Whales

Bitcoin’s Hedge Fund Sharks Are Swimming With The Whales

Bitcoin is doing that thing again. After a 50% slump in the cryptocurrency’s price to about $4,000 in mid-March, when Covid-19 panic was gripping the financial markets, it has bounced back to trade at about $11,200. Veteran crypto-watchers have seen this rapid shift from fear to greed many times before, and know it can have…
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EU Strikes Stimulus Deal; Bitcoin Price Rallies

EU Strikes Stimulus Deal; Bitcoin Price Rallies

Bitcoin – Last night, the European leaders agreed to pass a historic stimulus of €750 billion euros ($858 billion dollars). The recovery fund’s goal is to rebuild the EU economies ravaged by COVID-19. The European Commission plans to raise the money in the financial markets, rather than injecting new money into the system. Approximately half…
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‘Bitcoin Is In, Real Estate And Gold Are Out,’ Warns ‘Rich Dad, Poor Dad’ Author

‘Bitcoin Is In, Real Estate And Gold Are Out,’ Warns ‘Rich Dad, Poor Dad’ Author

Bitcoin’s popularity among traditional investors has grown over recent months as governments and central banks take drastic measures to offset the economic damage wrought by the coronavirus pandemic. The bitcoin price, after rebounding strongly from a coronavirus-induced March crash, has been treading water for the last two months—despite a raft of seasoned investors announcing their intent to buy into…
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Open Source Bitcoin Project BTCPay Server Receives $150k Grant From Kraken

Open Source Bitcoin Project BTCPay Server Receives $150k Grant From Kraken

One of the Bitcoin ecosystem’s most highly-regarded open source projects just bagged another substantial grant to build out its technology stack. BTCPay Server, a self-hosted Bitcoin payment processor and technology solution, is the recipient of a $150,000 grant (paid in bitcoin, of course) from the Kraken exchange. The payment, made in Bitcoin, also coincides with…
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Trump’s Newly Planned Mammoth $1T Stimulus May Trigger Record Bitcoin Bull Market

Trump’s Newly Planned Mammoth $1T Stimulus May Trigger Record Bitcoin Bull Market

Bitcoin – The U.S. stock market surged by 3% in a single session on June 5 off of the new jobs report and speculation on a newly-planned $1 trillion stimulus package. Hopes for an aggressive V-shape recovery may boost the prospect of a new Bitcoin bull market in the coming weeks. According to Bloomberg, the…
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New York Man Charged In $100 Million Bitcoin Case

New York Man Charged In $100 Million Bitcoin Case

A New York City man has been charged with hacking, trafficking in stolen credit card data, and laundering money with bitcoin, highlighting the cryptocurrency’s enduring appeal to cyber criminals. Vitalii Antonenko, 28, was arrested and detained on money laundering charges on arrival at New York’s JFK airport from Ukraine in March last year after undercover agents…
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Cryptocurrency in Focus: Bullish Bitcoin Watchers Drool Over the Great 'Halving'

Cryptocurrency in Focus: Bullish Bitcoin Watchers Drool Over the Great ‘Halving’

The event that happens every four years is meant to prevent inflation, but attracts speculation. Like the leap year that comes every four years, it’s that time again for Bitcoin ( (BTC) ). We’re talking about “halving” — which often causes a speculative rise in the value of the cryptocurrency. For those not familiar, Bitcoin…
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Bitcoin Options Trading Hits One-Month High as Price Turns Bullish

Bitcoin Options Trading Hits One-Month High as Price Turns Bullish

Activity in the bitcoin options market picked up pace on Thursday, as bitcoin’s price jumped above $7,000 and opened the doors for stronger gains ahead of the next month’s reward halving. Daily trading volume in bitcoin options listed on major exchanges – Deribit, LedgerX, Bakkt, OKEx, and CME – rose to $86.4 million on Thursday,…
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