Bitcoin

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.…

BTC price drifted around its previous major barrier at $10k. Consequently, it drew the buyers' reaction pushing the crypto's price above the level. Further surges saw it settle around the $10.1k zone. The rally constitutes a huge increase in Bitcoin’s impetus so far this year. This upswing has enthused the market. Analysts maintain that BTC is currently at a point where it could register tremendous gain. Additionally,  history suggests that BTCs price surges by between 14 and 100 percent when…

Speaking at the LINC 2000 conference a week ago, Galaxy Digital's CEO Mike Novogratz stated that Bitcoin would outperform XRP by a wide margin this year. Novogratz took to Twitter to explain his bearish call on XRP in light of his conference's utterances. He registered his astonishment at XRP's and the overall altcoin market's performance so far in 2020. By the time of going to press, XRP and BTC  prices had appreciated by 43 and 36 percent, respectively. That said,…

An analyst contends that Bitcoin price will fall despite the massive rallying it has had this year. Dyme, an options trader, avers that the crypto is heading towards a “perfect bearish setup.” He pointed to three converging negative indicators: the Rising Wedge, Bearish Divergence, and Overleveraged Longs as suggestions of a steep price correction in future trading sessions. Historically, the stated indicators lead to price reductions of assets that are otherwise thriving. The Rising Wedge, for instance, appears when there's…

The BTC/USD price is consistently increasing above the $9.5k and $9,750 marks. Moreover, it has the potential of crossing the $10k point is a likelihood of the price to cross $10k precipitating a strong rally towards $10.4k or $10,650. The price increased steadily over the $9.5k barrier and settled above the  $9.7k point, closing over the 100 hourly SMA. BTC Is Strengthening  Eventually, the price rallied over the  $9.8k level thereby attaining a new high of  $9,850 this year. Presently,…

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…

BitMEX researched on Bitcoin Lightning Closure and found out that more than 60k non-cooperative channels got dissolved. Seventy-two percent were public channels, while twenty-eight percent were private channels. Instead of considering channel count-based metric, the research perceived the numbers closed as per the value of Bitcoin. The amount of Bitcoin used by the non-cooperative channels amounted to 1070. The public channels used 993 Bitcoins, while the private channels used 131 Bitcoins. When the value count gets considered, the research data…

Mode is a British company established in 2018, and its parent firm is known as R8 Group. Mode offers financial services and gets backed by Twitter’s joint founder, Biz Stone. The company recently launched its Bitcoin (BTC) banking app devices, running iOS. The new app is now available globally, apart from in the US. This app can get utilised in buying Bitcoin using bank cards, or through bank transfers. The additional processing of the funds is through digital assets custodian,…

Elon Musk, the chief executive of Tesla and SpaceX, got tired of online cryptocurrency scams. On the 1st of February, Musk warned his Twitter followers of cryptocurrency scams which are attaining new levels each day. Scammers involving non-digital currency scams hijack Twitter accounts with an official ‘verified’ seal, and then change usernames to look like renowned individuals’ names in the tech space. These scammers then manipulateTwitter users to send them bitcoins to spurious accounts. How Some Cryptocurrency Scams Occurs and…