Tag: News digest

BTC closed the day with a solid gain of more than $160 on September 13, touching the $6,500 level. Traders pushed the price even higher on September 14, but the biggest cryptocurrency could not keep the momentum and closed below the $6,500 mark (at $6,480). Trading volume was above $5 billion during the last two days of the workweek. BTC-USD…

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The price of bitcoin closed the week three percent higher, around the $6,500 mark, as bulls managed to regain the upper hand to allow bitcoin to remain above its most recent $6,000 resistance. In the past seven days, blockchain media was filled with stories of regulators cracking down on fraudulent cryptocurrency business and their operators, which shows that authorities are…

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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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Bitcoin closed the day with a red candle on August 29, 2018, just above the $7,000 mark. The biggest cryptocurrency could not recover and dropped to $6,800 during the intraday trading session on August 30, before going back up to the $7,000 zone. BTC-USD The news that Yahoo Finance would be integrating support for trading bitcoin (BTC), litecoin (LTC), and…

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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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The price of bitcoin rallied by roughly five percent boosted by the positive the momentum for cryptographic assets over the week of May 28-June 3 while some smaller altcoins experienced 51 percent attacks. South Korea’s announcement to recognize cryptocurrencies as assets have helped to strengthen the price of bitcoin as it suggests that this highly active crypto trading hub may…

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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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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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