BITCOIN PRICE: 890.16     HIGH: 898.47     LOW: 852.00

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Category: Price Analysis

Bitcoin Price Treading Water Above $1000, Where Next?

Category: Bitcoin, News, Price Analysis, Price pages

Bitcoin Price Treading Water Above $1000, Where Next?

For the first time in three years, BTC-USD has broken the psychological $1000 barrier, reaching our target of $991.35. The ongoing uptrend continues, with another resistance at $1335.20, the next Fibonacci extension level is shown below. However, from our December 13 report 'Why Bitcoin will peak at the end of January 2017,' we see that the market has now made...

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Bitcoin Reaches All-Time High Against EUR and GBP

Category: Bitcoin, Commentary, News, Price Analysis, Price pages

Bitcoin Reaches All-Time High Against EUR and GBP

Bitcoin has surpassed its all-time high in two major currencies, the Euro and the British Pound, with popular British broadsheet newspaper ‘The Telegraph’ reporting on this milestone, indicating the growing awareness and interest in the cryptocurrency. While the Dollar is yet to achieve this milestone, the Euro and the Pound look to go into further decline in 2017 and this...

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Monero Testing $10, Releases Official GUI Wallet

Category: Altcoins, Commentary, News, Price Analysis, Price pages

Monero Testing $10, Releases Official GUI Wallet

The official GUI wallet release for Monero (XMR) announced December 22, provides an impetus for bullish momentum with XMR-USD breaking the psychological $10.00 handle. While the long-awaited XMR release for Jaxx’s blockchain wallet is imminent, there has only been an official CLI wallet for the cryptocurrency, with others relying on exchanges and custodian wallets that hold private keys. The GUI...

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Why Bitcoin Will Peak at the End of January 2017

Category: Bitcoin, Commentary, News, Price Analysis

Why Bitcoin Will Peak at the End of January 2017

Bitcoin is revelling in its strongest run since 2013, with nine near consecutive higher highs posted every week from September 2016. While a whole basket of reasons have been thrown out there as to why bitcoin is rallying, what is perhaps more important is when bitcoin’s price will peak. Although many speculators are focusing on Yuan devaluation to drive the...

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Bitcoin Price Surges as Chinese Miner Conference Concludes

Category: Bitcoin, Commentary, News, Price Analysis

Bitcoin Price Surges as Chinese Miner Conference Concludes

The price of bitcoin jumped sharply on October 22 in response to the conclusion of the biggest ever conference of miners in China, where the participants discussed scaling issues. In the first ever event that included all of the major miners in China, Huang Shiliang, a famous Bitcoin advocate, delivered an important talk which could be a pivotal moment for...

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BTC-GBP Outperforms on 'Hard' Brexit Worries

Category: Bitcoin, News, Price Analysis

BTC-GBP Outperforms on 'Hard' Brexit Worries

Following the announcement by the UK government of a major shift in economic policy, the British Pound (GBP) plunged to a fresh 31-year low today as Asian markets awoke, with BTC-GBP looking to smash the £500 psychological barrier and outperforming other bitcoin-fiat pairs today. This is the largest decline in the Pound since ‘Brexit’, on comments from French President Hollande...

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DASH-USD Gearing Up for Another Test of $15

Category: Altcoins, Price Analysis

DASH-USD Gearing Up for Another Test of $15

DASH-USD has surged today as the reversal into an upward trend starts to gain momentum. On today’s open, the price against both the US Dollar and bitcoin is up over 10 percent so far on the Poloniex exchange. The market is currently testing resistance provided around $12.79 and looks to be on a march towards the $15-$16 zone. The daily...

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Shadow Project Releases 'Umbra'; Wallet, IM and Marketplace All in One

Category: Altcoins, News, Price Analysis, Tech

Shadow Project Releases 'Umbra'; Wallet, IM and Marketplace All in One

With the rise of privacy-centric cryptocurrencies such as DASH and monero, another cryptocurrency to keep an eye is ShadowCash (SDC). The project aims to not only be the best anonymous payment mechanism, but also to create an all-in-one software platform for a completely private, decentralized, and free economy. Today, as the 1 millionth block of the blockchain was forged, the...

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BTC-USD Breaching $600 Handle, $700 Within Reach?

Category: Bitcoin, News, Price Analysis

BTC-USD Breaching $600 Handle, $700 Within Reach?

After relatively muted trading over the past few days, BTC-USD has jumped close to the critical $600 psychological level in today’s trading session. The reversal initially started on Friday following weak economic data from the US, which negatively impacted sentiment toward the US Dollar. The Non-Farm Payrolls showed 151,000 job additions versus a forecast of 180,000. BTC-USD was able to...

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Monero's Run Just Starting; $15 In Sight

Category: Altcoins, News, Price Analysis

Monero's Run Just Starting; $15 In Sight

Monero (XMR) has burst onto mainstream news outlets recently as the CryptoNote protocol competes directly with Bitcoin, gaining acceptance from two large darknet markets and garnering a lot of attention as a consequence. Not only are speculators and darknet markets getting in on monero but also miners, with Google Trends indicating the strongest ever interest in monero mining this week....

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