Category: News Digest

Consensus, the biggest annual bitcoin conference, was held in New York in the past week but failed to spark the expected bitcoin rally that financial commentators like Fundstrat’s chief analyst Tom Lee predicted. Instead, the price of bitcoin dropped after the conference concluded and remained mostly unchanged versus last week’s closing price. Nonetheless, the takeaways from Consensus were more positive…

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The price of bitcoin corrected by 12 percent in the past week to close at $8,500 as investors were concerned about what the raid of South Korean bitcoin exchange Upbit meant for future bitcoin regulations in the leading bitcoin economy. On May 10, 2018, South Korean law enforcement agents and financial regulatory officials confiscated paper and digital records and are…

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The price of bitcoin traded in the $9,000 to near $10,000 range throughout the past week, closing the week only slightly in the green as the market digests the strong April price rally. Regulation chatter has died down, and investors’ focus is back on how far the price of bitcoin will go in 2018. Even Goldman Sachs is now jumping…

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The crypto asset market rallied for a third straight week with the price of bitcoin gaining another six percent week-on-week to close at $9,400 on Sunday, April 29. The bulls are definitely back, and this is not only reflected in the 30 percent rally in bitcoin since the start of the month but also in the increasing bitcoin futures trading…

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After a three-month bear market, it looks like the tide is finally turning for cryptoassets. The price of bitcoin has rallied for a second week in a row, by almost 10 percent week-on-week pushing towards the $9,000 mark. The prediction that cryptocurrencies would rally again after U.S. tax day is becoming true. Positive statements regarding an “even-handed approach” for global…

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In the past week, bitcoin investors finally experienced much-needed relief. The price of bitcoin rallied by over 15 percent to close the week above the $8,000 mark for the first time since March 28. Despite Barclays Bank thinking that bitcoin has already reached its peak and Bank of America stating that the supposed bitcoin bubble is bursting, it seems that…

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In the past seven days, the price of bitcoin trading in a range between $7,500 and $6,500, closing the week effectively unchanged and unable to sustain above $7000. The altcoin market largely moved in tandem with its pioneering predecessor and no major gains or losses were made in leading digital assets. While the bulls believe that the worst is behind…

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It was another difficult week for cryptocurrency investors as 2018’s downward trend continued with bitcoin dropping by over 20 percent from March 26. The main driver cited behind the decline in cryptocurrency valuations was further bans for cryptocurrency-related advertising as Twitter has also announced that it would ban crypto ads to fight fraudulent activity in this industry. With a lack…

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The much-anticipated G20 talks on global cryptocurrency regulations took place at the beginning of this week in Buenos Aires. The result of these talks was that no immediate regulation will be put in place and that more information on this sector is needed for any global regulations to be put into place. That should happen at the next G20 meeting…

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Following the previous week’s decline in the price of bitcoin and other cryptocurrencies, we witnessed much of the same in the past seven days. Bitcoin declined by 12 percent week-on-week, while several of the top altcoins – such as Cardano (ADA), EOS, and Monero (XMR) – lost over 25 percent in value. While there were no significant market-moving announcements last…

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