Bitcoin

Towards the end of the year, the CEO of Binance, Changpeng Zao, pointed out in a tweet that Bitcoin’s price potential is limitless. Bitcoin is one of the mainstream cryptocurrencies worldwide. Changpeng Zhao is of the opinion that the finite supply of Bitcoin dramatically contributes to its erratic nominal price. Changpeng also believes that Bitcoin has infinite potential over fiat currencies. The only thing limiting bitcoin is its limited supply. https://twitter.com/cz_binance/status/1206416065095299073 Bitcoin’s Volatility There’s no assured prediction of Bitcoin prices.…

On the 14th of December 2019, a Bitcoin video went viral on Tiktok, a video-sharing social platform, for the first time. It then followed the mentioning of Bitcoin by various high profile individuals and companies. Crypto trader Thomas Schulz shared the viral video on Twitter. This video showed a room full of mining equipment, with a caption, “this is why GPU prices went up.” High Profile Individuals and Companies Mention Bitcoin Not long ago, media mentions of Bitcoin reduced, leading…

Currently, the BTC/USD pair is trying to overcome the hurdle of $7200. Additionally, the dominant coin is not safe from a drop under the $7000 support level. Not long ago, the BTC/USD’s price dropped to under the support zone of $7080. Furthermore, the price gave way for a level below $7200 and the 100 hourly SMA. Its support got visited at $7000, creating a new low in the month at $7008. Currently, Bitcoin is in consideration of losing its control…

After a long period of trading sideways close to around $ 7,200, BTC's bears regained control of the cryptocurrency and sent it to a significant support level. So far, the BTC bulls have maintained this level, but it is unclear whether it will continue as the weekend progresses. Based on the analysis, the BTC support level at the moment is Bitcoin's "pivotal level," and the manner of Reaction to this level may establish its Direction for the first part of…

Every market has indicators on the progress and expected trends and technical indicators are suggesting that another big move on the crypto market is underway. However, the direction of this move is a curiosity for everyone. These suggestions are occurring since the Bitcoin market has not experienced any major move over the past days or so.  A slump that has been happening throughout the week resulted in the coin declining 6% to bottom out at $7,100 on Thursday. Since then,…

The date was December 22, 2017, when the inevitable happened. Bitcoin’s value suddenly dropped by 45% from its peak after soaring for an entire year. The bubble burst and the doom had come. The dream of a new era financially dominated by cryptocurrency was put on hold. Today, we look back at what led to the Great Crypto Crash two years ago. Then, we try to find out how it changed the market and answer one of the questions that…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary ● The Crypto Market ends the week at a total market capitalization of $204 billion. ● Bitcoin prices cannot get over the $8,000 threshold. ● Ethereum value stays put at around $150 ● Ripple does not let intense market volatility sink its value under the $0.225 mark. ● UpBit gets hacked for over $50 million worth of Ethereum. Crypto Trends 25th Nov – 1st Dec 2019:…

With an increasing number of cryptocurrency amateurs coming into the market every day, it is evident that there is a growing rise in demand for resources that guide them along their journey. Various information-providing sites are available online to help you with that information. They are needed to get an expanded picture of the whole sector and make informed decisions based on their findings. Readers are encouraged to use the resources available and allow themselves to understand and comprehend the…

One of the “killer applications” of blockchain technology is smart contracts. Smart contracts are regular contracts that enforce according to the agreed terms and conditions are written in the code. This is a “killer app” because it removes the middleman for services, just as Bitcoin eliminates the middleman for asset transfers. With smart contracts, intermediary services such as brokers and agents are made redundant instead of becoming a more expensive opportunity cost to using smart contracts. On the customer-facing side,…