Bitcoin

The price of the BTC/USD pair has returned to the major support zone at $7,200. The price is currently encountering several resistances close to $7,400 and $7,500. On the previous day, the price rose strongly over the hurdle at $7,500. Further, the price surged over $7,600 and the 100 hourly SMA. Notwithstanding, the buyers tried to obtain traction over $7,680 and $7,700. They attempted to break through the hurdle at $7,700, but the sellers could defend additional upsides. Hence, the…

The Bitcoin performance was recently bullish for some period. However, each time the cryptocurrency surges to the upside, it experiences a robust rejection and leads to a total correction of its gains. Some hours ago, the situation happened as its price peaked around $7.5k, but could not continue to the upside. It got rejected and may have initiated a notable fall. As per the analysts, Bitcoin can decline towards 7k before securing adequate support to stop its correction. At press…

Bitcoin Likely to Surge up to $ 8000 The price of BTC/USD is signaling a bullish continuation of over $7500. Therefore, there is a likelihood of the price to keep surging, and the buyers seem to focus on $8000. After the consultation under the hurdle at $ 7200, the bitcoin price surged over some major resistances close to $7300 and $7400 to begin a decisive move to the upside. Further, the price closed over the hurdle at $7500 and the…

Recently, Bitcoin and the entire crypto markets experienced some turbulent moments. Nevertheless, following the moments, BTC remained within a firm trading range, thereby engaging in consolidation in the previous several days. Analysts say that at the boundary of this trading range, BTC’s price can provide remarkable insight into the direction of this crypto and the entire crypto markets for the first part of the year. At press time, BTC’s price got on the upside by more than 4% at $7440,…

BitcoinBCH, a firm that focuses on BCH, may have recently misled people, making them believe that it is easy to carry out BTC double-spending.  On the 18th of December 2019, the CEO of this firm released a video on youtube. It purportedly showed how the BTC point of sale (PoS) wallet of TravelByBit misinforms merchants to believe that they receive payment before concluding a transaction. TravelByBit on Supporting Double-Spends A representative of TravelByBit said that there is insurance for merchants…

In May 2020, there will be one of the critical events in the crypto space, known as Bitcoin halving, which involves reducing the number of coins for every block issued to miners by 50%.  The coins will get relieved from 12.5 to 6.25, thereby cutting the inflation rate of Bitcoin by half. If the event continues to hold in years to come, it will make sure that there are just 21 million Bitcoins in existence. Therefore, this will help achieve…

Bitcoin performance was slow this year because, even though its price surged by about two times since the beginning of the year, it could end up declining by 50% from its all-year high. Nonetheless, according to Google Trends this year, Bitcoin overtook Donald Trump, Visa, Paypal, and Libra. Eric Wall, a crypto researcher, addressed the issue by saying that the popularity of the keyword Bitcoin on Google Trends attained its one-year high between the 23rd and 29th of June. The…

Recently, researchers at the University of St. Andrew’s, King Abdullah University of Science and Technology in Saudi Arabia, and the Center for Unconventional Processes of Sciences in California introduced a prototype silicon chip. These developers claim the chips provide unbreakable encryption. Nature Communications published an article concerning this new system and pointed out that it utilizes chaotic wavepackets in conventional silicon-based semiconductors. Cryptocurrencies depend on traditional encryption standards, which may soon become outdated due to innovations in quantum computing. There…

Some market participants anticipate the next major Bitcoin bull run to be catalyzed by the imminent bitcoin halving mining rewards, scheduled for May 2020. It is due to the historical precedent of these events Despite the anticipation,  the blockchain and cryptocurrency research group, Messari, says the influence of Bitcoin inflation, produced by the halving, will be insufficient to bring about any striking upsurge. However, they further noted that another reason exists for the event to bring about the uptrend. Previously,…