Statistics Signal That Bitcoin (BTC) is Likely to Surge Towards 5,500 in Near Future

Although Bitcoin has been unable to find any noteworthy buying pressure in the low-$4,000 region ever since it advanced to this price level, when looking at a larger time frame it becomes apparent that BTC is not currently bearish, despite its persisting bout of sideways trading. One analyst is quick to point out that Bitcoin

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Bitcoin Price: Key Technical Indicator Shows BTC Surging to $5,500

Throughout the past three months, the bitcoin price has flirted with the $4,200 resistance level, often struggling to maintain momentum above the key $4,000 mark. Several traders have demonstrated concerns over the extended period of stability demonstrated by bitcoin because, in late 2018, the cryptocurrency recorded a drop of around 50 percent following three months of stagnation in the $6,300 to $6,500 range. However, a cryptocurrency technical analyst known to the community as “Galaxy” has said that once bitcoin breaks out of a key resistance level above $4,000, it could potentially recover to $5,500. The analyst explained: “According to Bulkowski’s

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Prospects of Bitcoin ETF Approval Lowered by Bitwise Findings

Bitcoin Price stable but under pressure Bitwise research concludes that 95 percent of exchanges’ volumes fake Transaction volumes shrink after Mar 21 It’s a sequel of damaging news. Days after SEC revealed the public’s apprehension of Bitcoin ETF approval; Bitwise report confirms what Jay Clayton isn’t comfortable with: Exchanges’ manipulation. Even so, Bitcoin volumes are

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Crypto Tidbits: Square Looks To Bolster Bitcoin, Binance Goes Down Under, SBI Delves Into Mining

Another week, another Crypto Tidbits. The past seven days were, by many measures, an interesting period for the cryptocurrency space. Mainstream adoption moved ever closer, more money poured into this space, and infrastructure was built out. But, one report claimed that 95% of all Bitcoin trading activity could be entirely false, setting a harrowing precedent

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Bitcoin Expertise ‘Exploding’ Among Insurance Professionals in 2019: Study

Bitcoin and blockchain expertise in the insurance industry has “exploded” over the past two years, and insurers who ignore blockchain technology do so at their own peril, according to a new report from Aite Group, a global research and advisory firm. Insurance Professionals are Boning up on Bitcoin Individuals with technical expertise in both Bitcoin and insurance (based on LinkedIn profiles) soared from 102 in April 2017 to 5,418 in January 2019 (see Figure 1 below). Those with expertise in both blockchain and insurance rose even more dramatically: from 96 to 29,355. Blockchain technology, while not completely immature within the

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Why Bitcoin Plunged to 15th in China’s Bizarre Crypto Rankings

China Electronic Information Industry Development (CCID), which operates directly under the Ministry of Industry and Information Technology of China, released its crypto rankings for March, featuring top 35 crypto assets in the likes of Ethereum, Bitcoin, EOS, TRON, and Ontology. Bitcoin dropped from 13th to 15th since last month while TRON climbed up the rankings to secure the number 2 spot. EOS topped the rankings, and Ethereum fell behind TRON at third. EOS & TRON Trump Bitcoin in China Blockchain Rankings While Bitcoin dropping to 15th out of the 35 crypto assets on CCID’s ranking surprised many investors and analysts,

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Bitcoin (BTC) Price Remains Vulnerable Below $4,000

Bitcoin price rebounded nicely from the $3,875 support area against the US Dollar. The price traded above the $3,950 level, but it seems to be struggling near the $4,000 resistance. There is a major bearish trend line in place with resistance at $4,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).

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Bitcoin and the Agora: Every Transaction Outside the Nexus of State Control Is a Victory

The cryptoconomy means many things to many people. For example, since the inception of Bitcoin in 2009, some individuals have used digital currencies as a form of agorism otherwise known as counter-economics. These people believe that using bitcoin as a tool to avoid state harassment is one of the technology’s key features with the potential […]

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The Daily Tip: New Crypto Exchange Bitzlato Offers P2P Trading

The Daily Tip: New Crypto Exchange Offers P2P TradingThere’s a new digital asset exchange on the market that offers opportunities for peer-to-peer cryptocurrency trading and a variety of fiat payment options. Bitzlato is a Russian platform integrated with a P2P exchanger that features a web-based version and a Telegram bot buying and selling six cryptocurrencies. Also read: BCH Is Now Supported by a […]

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