Sunday, February 17, 2019
In the past two months, several traders who shorted Bitcoin from its all-time high at $19,000 have started to cash out in the $3,000 to $4,000 range. On February 12, a cryptocurrency trader with an online alias “Cryptofungus” revealed that he had closed a year-long Bitcoin short contract. The trader...
On February 8, the crypto market experienced a strong $10 billion recovery from $111 billion to $121 billion, breaking out of a three-week stalemate. With an overnight price movement, the crypto market nearly fully recovered to January levels at around $130 billion. Source: CoinMarketCap.com Several major crypto assets in the likes of...
A recent survey of Amazon users by Investing.com finds that just 13% of online shoppers would be comfortable buying Bitcoin and other cryptocurrencies through the e-commerce giant. About the same percentage of people would be comfortable buying prescription drugs and medical marijuana from Jeff Bezos and company. Comparatively, about 73% of...
South Korea’s central bank issued a warning over central bank digital currencies (CBDCs) a week after saying it would not introduce one itself. The development was reported in local news outlet Yonhap News Agency, Feb. 7. CBDCs, which are also known variously as state-backed or government-backed digital currencies, involve a...
In the last 24 hours, the valuation of the crypto market slightly recovered from $100 billion to $102 billion while the Bitcoin price declined below $3,400. In a span of two days, the price of BTC fell from $3,445 to $3,377 by around 2 percent against the U.S. dollar. Chart via TradingView Based on...
View Bitcoin continues to chart bearish lower highs along the 50-candle moving average on the 6-hour chart. The immediate bias remains bearish while the cryptocurrency is held below that average line, currently at $3,450. Recent history shows bull failures at the 6-hour 50-candle moving average are often followed by...
Following the sudden death of its founder Gerry Cotten, cryptocurrency exchange QuadrigaCX is reportedly missing CA$190 million dollars ($145 million) in digital assets, Canadian news daily The Globe and Mail reports on Feb. 1 Citing a creditor protection filing from the Nova Scotia Supreme court, the Globe and Mail states that the firm has been unable to...
Big news today from Bloomberg‘s Matthew Leising and Alastair Marsh: “Fidelity Investments is targeting a March launch date for its Bitcoin custody service, according to three people with knowledge of the matter, as the mutual-fund giant moves forward with a plan that could help ease fears of trading cryptocurrencies.” “We are currently...
In the last 24 hours, the Bitcoin price has dropped from $3,505 to $3,322 by more than five percent against the U.S. dollar. The abrupt decline in the Bitcoin price led the valuation of the crypto market to plunge by over $10 billion in a three-day span. Major crypto assets such...
Famous Bitcoin bull and head of Fundstrat Global Advisors Tom Lee is steadfast in that USD 25,000 per Bitcoin forecast is a good value for the cryptocurrency, but that the timing “may be difficult.” He has previously pulled out of the forecasting game - but noted that “we will cease to provide any timeframes for the...