Bitcoin

BTC recently experienced significant declines pressures, correcting later with a 5% upsurge on the previous day. Based on last year's results and bitcoin ratings, this marked significantly positive starting points in 2020, reflecting up to a hundred percent increment in the valued prices. The review in 2019 showed that the cryptocurrency was considered among the best-performing assets.  Concerning the bullish reaction approach employed previously, declines could imply better buyers' strengths than the expectations anticipated. In turn, this factor could mean better value…

Through academic essays, Konrad S. Graf tries to make Bitcoin known worldwide. On the 1st of January 2020, Korad, in an interview with Eurasia Review, noted that the future of Bitcoin as a model is highly possible because of its ease of succeeding over other cryptos in various aspects. Konrad highlighted the following four competitive advantages intrinsic to Bitcoin as below: Bitcoin Scarcity and Apolitical Value BTC is scarce and, therefore, ahead of every form of money due to fixed supply.…

At the beginning of the year 2020, the BTC/USD is trying to maintain major supports. However, the price is still at risk of a further downward move to $7000 and $6880, before a modest upward move. Bitcoin’s price has been dropping steadily under the support at $7320 within the previous few weeks. Eventually, it settled under $7320 and the 100 hourly SMA. The decline in recent times brought the price levels under the support at $ 7200 and $ 7150.…

The performance of BTC has been bullish for some period before now. Nevertheless, each time it surges to the upside, it experiences a powerful rejection and leads to a total correction of its gains. It happened some hours ago as its price attained highs around $7.5k but could not continue to the upside. It was rejected and may have initiated a notable fall. According to analysts at the moment, it is possible for BTC to fall back towards $7k before…

Okex platform recently expanded derivative trading. The announcement made by the exchange maintained that it is launching a test on Bitcoin futures. Okex is a renowned exchange, which currently very active in future trading, and therefore the leading Bitcoin futures operations. Options carry higher risks, but enable bitcoin trading, on the basis of predictions. At the moment, predictive markets are becoming speedy, as anticipations tend to become further crucial even than real activity on the spot market. Additionally, Bakkt exchange…

The BTC/USD pair is struggling to stay above the support at $7.12k and $7k. The price needs to recover over $7.24k and $7.4k if it does not experience a remarkable fall. In the past three days, the BTC/USD pair’s price steadily moved to the downside, from resistance at $7.7k. The pair’s price further moved to the downside by breaking critical supports at $7.4k and $7.3k. It established a level under $7.3k as well as the 100 hourly SMA. The price…

One of the cryptocurrency applications in the world of finance is using digital coins to exchange goods and services.  Both large and some small businesses are starting to incorporate virtual currencies into their payment solutions. Nevertheless, the future use of Bitcoin in firms is somehow uncertain. It is because some of the previous Bitcoin supporters stopped using Bitcoin payments this year. As some of the firms using Bitcoin remained resolute, other firms bowed out shortly.  Adyen and Some Other Firms…

Bitcoin is one of the mainstream cryptocurrencies, and with its need to be largely adopted, the thought of using social networks is valid. Moreso, using emojis to bring Bitcoin to people is one way that could be efficient. When using emojis, we do not need to express ourselves in words, and this a simple way of communicating. In that case, people are calling for the creation of a Bitcoin emoji for the keyboard on Apple iOS. The desire for Bitcoin…

Concerning the insight individuals have concerning cryptocurrency and Bitcoin, most people conclude a lot of beliefs and primarily consider their use in illicit activities, especially by criminals. Based on the analysis by a governing member of the Federal Reserve in the U.S., his thoughts on the matter suggest a ratio of one in four users of BTC utilize the service in conducting illegal activities. During an event on December 18, Lael Brainard indulged in commenting about the risks presented by…