Bitcoin

Bitcoin price is up over 6% after it soared past its recent highs near $19,500. The BTC/USD pair followed a nice bullish path and even managed to break the $19,666 ATH set in Dec 2017.  At the time of writing, BTC Is changing hands for $19,789. Investors will now be watching to see if the coin can surpass the $20K mark, a more rounded figure given to the Bitcoin ATH.  [caption id="attachment_20954" align="aligncenter" width="1494"] BTCUSD Chart By TradingView[/caption] The last…

Bitcoin price recovered over the weekend after a sharp drop below its support levels. The leading coin suffered a sharp price drop last Thursday, dipping below the $17,000 mark. This sharp movement led to huge losses for traders, with around $1.9 billion liquidated across top crypto exchanges. Bitcoin has since retraced its movements and is currently on an upward trend in the past 48 hours. BTC gained 6% within this period and is currently valued at $18,580 with a market…

The number of bitcoins (BTC) stored on the exchange platforms is at its lowest. That's pretty good news for the rest of the bull run if Glassnode is to be believed. Investors withdraw their bitcoins (BTC) from exchanges Figures from the Glassnode data aggregator show that bitcoins stored on exchanges have hit a shallow threshold. The numbers have not hit this level since October 2018, more than two years ago. It is this analysis by Glassnode that indicates the current…

The price of Bitcoin finally surpassed the $17,000 mark today, Tuesday, November 17.  This is the first time the leading coin will be reaching this milestone in three years. Bullish Run Continues Bitcoin has enjoyed an unprecedented bullish trend in the past month, hitting several milestones on the way.  This run has continued in the past 24 hours as BTC has added $800 to its price and is currently priced at $17,400 per unit. This represents an increase of 7%…

Bitcoin has begun the new week with a positive dynamic as its price remains above $16,000 despite several corrections over the weekend.  This bodes well for the leading coin in its quest to hit record heights in the coming weeks. Bitcoin Maintains $16k Bitcoin's recent bullish run was the dominant feature in the crypto markets last week and the leading coin headed to the weekend of a yearly high of $16,500. However, it failed to make any significant price jumps…

Bitcoin Cash (BCH) has finally initiated its hard fork after months of tensions between developers. Does this signal the beginning of the end for altcoin or the promise of a revival? End of the Bitcoin Cash (BCH) funding debate? Before undergoing this hard fork, the Bitcoin Cash (BCH) project was crossed by several heated debates in 2020. Earlier in January, there was talk of introducing a mining tax that would finance the network's development. 12.5% of mining rewards had been…

If you can’t beat them, join them. Or, in this case, create your own crypto.  In 2017, just before the crypto boom, which saw bitcoin trading at an all-time high above $20,000, Jamie Dimon, the chairman and CEO of JPMorgan Chase, described Bitcoin with some of the most derogatory words ever used on the cryptocurrency.  Bitcoin Is A Fraud At the time, Dimon blasted bitcoin, calling it a “fraud” that would get “someone killed.” He said the cryptocurrency was “worse…

Twitter CEO Jack Dorsey has endorsed the protests taking place in Nigeria against police brutality. In a tweet on October 14, Jack urged his followers to donate Bitcoin to the #endSarse campaign. He also shared a link to a special fund run by a group of Nigerian feminists fighting against police injustice in the nation. The protest began two weeks ago when thousands of youths took to the streets to protest against police brutality. This protest was focused on a special…

According to rumors on Twitter, Rothschild Investment Corp has invested in Grayscale Bitcoin Trust. The investment firm has bought 235,000 shares of GBTC worth $235,000. Although this is not the first time, the investment firm has already bought shares of GBTC earlier in 2017, which was worth $210,00 at that time. The value of GBTC shares is pegged on Bitcoin's price. [caption id="attachment_17109" align="aligncenter" width="828"] Source: Twitter.com[/caption] Grayscale Bitcoin Trust Debuted as Bitcoin Investment Fund in Sept 2013, Grayscale Bitcoin…