Category: News Digest

The price of bitcoin closed the week around two percent lower – reaching the $6,350 level – on light volumes and a lack of major market-moving headlines. The main headline of the week was the publication of a research paper that suggested that bitcoin mining may accelerate global warming due to its high energy usage. This claim, however, was quickly…

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The price of bitcoin closed the week on a softer note, dropping by four percent versus last week’s close to around $6,300. Bitcoin’s correction was caused by “Dr. Doom” Nouriel Roubini’s statement in front of Congress where he called the cryptocurrency sector “the mother or father of all scams and bubbles,” and went on a rant about how valueless digital…

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The price of bitcoin traded between the $6,800 to $6,400 range throughout the week, suggesting that this year’s bottom may have finally been found and that the $6,000 mark should remain a strong resistance line. Bitcoin closed the week effectively unchanged. Major market-moving news was scarce this week, but bitcoin adoption-positive headlines were made in the past seven days. Coinbase…

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The price of bitcoin remained firm over the course of the past week, gaining three percent helping BTC move back up towards the $7,000 mark. Once again, cryptocurrency regulations were a big topic in several jurisdictions, including the U.S., the UK, and India, last week. There was also much talk about the highly-anticipated Bitcoin ETF. The SEC decided once again…

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After a turbulent mid-week action, we saw BTC trading around the $6,400 level on September 7, 2018. The biggest cryptocurrency did, however, briefly achieve 55 percent of market dominance, its highest point since December 2017. BTC-USD The cryptocurrency market continued to demonstrate one of the steepest declines in the past three years. Even Goldman Sachs CFO Martin Chavez calling the…

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After two consecutive bear market weeks, the price of bitcoin closed the week effectively unchanged around the $6,400 mark. In a volatile seven days, bitcoin (BTC) traded in a range between $6,000 and $6,600 but managed to maintain last week’s price level as the week closed. After a couple of difficult weeks for the pioneer cryptocurrency, this price stabilization gives…

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Despite bitcoin-positive news coming from Wall Street, the price of bitcoin dropped by fifteen percent week-on-week, to close around the $7,000 mark on Sunday. Asset management giant Northern Trust announced that it would move into the cryptoasset custody business to provide custodial services to digital asset investors. Moreover, the New York Stock Exchange’s (NYSE) parent company ICE has announced the…

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The price of bitcoin rallied by ten percent week-on-week despite the rejection of the Winklevoss Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC), which caused a brief drop in price mid-week. The SEC declined the appeal of the Winklevoss ETF because “[the] exchange [must] be designed to prevent fraudulent and manipulative acts and practices and to protect investors…

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In the past seven days, the price of bitcoin rallied by over seven percent to inch closer to the $7,000. This marks the digital currency’s second up week in a row following a bear market in the second quarter of 2018. While cryptocurrency investors still seem to be split as to whether bitcoin has found its floor or has further…

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The mood among crypto investors has reached new lows in the past week when the price of bitcoin dropped below the $6,000 mark, and many bitcoin bears and naysayers popped up to claim that the “bitcoin bubble” has finally burst. Fortunately, for crypto investors, we finally witnessed a much-needed relief rally on the weekend thanks to new capital inflows into…

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