Bitcoin

Recently, an investor filed a lawsuit against Canaan, a Bitcoin mining company, for allegedly breaking U.S securities laws during its IPO. Canaan filed its Initial Public Offering with the SEC last November and targeted to raise over $400 million.  Nevertheless, Canaan raised only $90 million after listing on the Nasdaq Global Marketplace. Phillippe Lemieux, an investor in Canaan, filed a class-action lawsuit claiming that the company violated the Securities Act of 1933.  More Details on Why the Investor Sued Canaan…

The last 24 hours saw the cryptocurrency market make a surprising recovery. As a result, BTC flat-line closed at $9,650. Bitcoin's price surged further settling at $9,945 a few hours ago. Following the quick two percent rise from $9.7k, BitMEX experienced a  push for the liquidation of short-side positions valued at $15 million. This push emanated from traders de-levering their positions in the last two days following Bitcoin's stagnation. Shifting Focus Mexbt,  a renowned trader, avers that BTC attainment of…

The price of BTC/USD is yet to surpass the $10.2k mark.  Since the pair experienced a massive decline under $9.8k,  it is debatable to say there might be a risk of retracement. On the previous day, a notation was made regarding the crucial barrier zone which currently stands at $10.2k. There were two trials to surge past barriers at $10.2k and $10.3k. However, several hurdles saw buyers fail to gain momentum over $10.2k. The pair was vaguely successful in forming…

The price of the BTC/USD pair fell sharply below the USD 10.5,000 barrier mark. Even so, the price remains above the $ 9.8k base support and could see a new rally soon. The pair maintained buying sentiment over the $ 10.3,000 zone the previous week. The rally grew to $ 10,5,000 and reached levels above the SMA 100. It hit a new 2020 high of $ 10,507 eventually before initiating a downward correction. The pair appears to have tried to…

The BTC/USD pair has maintained its upswing, getting closer to the $10.5k mark. There are, however, exhaustion signals from the pair, creating a possibility of some few points of decline preceding further upswings. BTC Bullish Run The week saw the pair bounce back strongly, surpassing the $10k hurdle. With a continued price surge, the $10.2k and the 100 hourly SMA were categorically broken. A recent bullish run pushed prices ever closer to the daunting $10.5k barrier. Even though, the bullish…

The BTC/USD pair has started 2020 on a high note, grossing at $10,406. The BTC's current focus, on a wave of a new bullish run, is to gloss at just over $10.5k in the near term. The BTC Price Trend Generation The near past hasn't been so friendly, however. Prices slumped to beneath the $9,850 support, after having hit $10k earlier. The features even dropped to the murky $9.7k zone creating a somewhat modest rallying base. A new upsurge however…

Weiss Ratings has assigned Bitcoin (BTC) an A- grade in its recent rankings. The crypto also received an  “excellent” rating based on its remarkable price performance. The firm published its ratings via Twitter on February 7. In March of last year, Weiss Ratings identified BTC, XRP, and EOS as the cryptocurrencies having the best adoption-technology combination. The new rating gives BTC the edge over XRP and EOS in all parameters. EOS's rating is a downgrade due to its centralization issues.…

The BTC/USD price sustained over $9k and surged to $9.5k, and it is now suggesting a powerful uptrend to $10k. Recently, the price corrected to the downside from $9.6k to $9.4k and $ eventually to $9.3k. The price then formed a swing low close to $9079, and the price rose over the barrier at $9.2k. The buyers gathered momentum, thereby phishing the price above the 100 hourly SMA and the $9.5k hurdle zone.  Eventually, the price surged over the $9.6…

The BTC/USD price could not surge over the barrier at $9.5k, leading to its plunge. It may rise or fall significantly depending on the coming days. Yesterday, the BTC/USD pair experienced a short-term incline over the border at $9.5k. The price continued over the $9.6k level and attained a fresh high in 2020 at $9609. However, the buyers failed to sustain the price over the significant $9.5k barrier. Therefore, a new fall ensued under $9.4k and the 100 hourly SMA.…