Bitcoin news

In early March, the Bank of England’s governor-designate, Andrew Bailey, said that Bitcoin has no intrinsic value. He controversially stated that any investor that holds Bitcoin should be prepared to lose all of the money. Bailey said, “If you want to buy it, fine, but understand it has no intrinsic value. It may have extrinsic […]

After rallying 21.6% to a new seven-day high at $6,375, Bitcoin (BTC) traders now seem intent on pushing the price higher to $7,200.  The digital asset has made an impressive 66% recovery since dropping to $3,775 on March 13, and the majority of altcoins are also notching double-digit gains. But how much longer can the […]

As bitcoin (BTC) experiences vertigo-inducing gains, cryptocurrencies are breaking out of a period where they followed or even lagged behind traditional markets. In fact, prices in the crypto market are seeing such a steep upward trend that arbitrage traders are able to trade between Bitfinex and other exchanges to easily capture profit.  Bitcoin is up […]

As bitcoin’s price appears to be correlating with traditional markets, it’s undergoing an identity … [+] crisis that could kill it, or see it evolve. Getty Bitcoin is no longer the magic internet money that it’s long been branded. There are no dark forces causing it to behave the opposite of traditional markets. There is […]

Bitcoin’s (BTC) road to recovery could be a long one, according to Rob Sluymer, a technical researcher at market research firm Fundstrat Global Advisors. Per Bloomberg on March 20, Sluymer wrote in a recent note that Bitcoin’s price action was severely compromised by the recent price drop. He wrote: “The crypto breakdown over the past […]

With the global economy reeling from the coronavirus crisis, bitcoiners are increasingly turning to crypto wallets with privacy features.   A masking feature called “coinjoin” batches transactions together so it’s harder to identify specific participants. Some refer to it as “mixing,” but others dislike that term for its associations with money laundering. The bitcoin-centric Samourai Wallet, […]

Vyacheslav Prokofyev | TASS | Getty Images Cryptocurrencies saw a sharp bounce higher after violent selling in the past two weeks despite equity markets not showing big moves to the upside. As of 8:42 a.m. Singapore time, the market capitalization or value of the entire cryptocurrency market rose around $23.8 billion over the past 24 […]

As traditional markets continue to struggle with the coronavirus crisis, cryptocurrencies are seeing an upswing in both price and volume. Now crypto traders are wondering how long this new rally will last.   Bitcoin (BTC) is up 1 percent in the past 24 hours of trading, currently changing hands at $6,224 as of 19:00 UTC. The […]

Bitcoin’s (BTC) recent sell-off has pushed prices on the top cryptocurrency by market capitalization into a historically attractive zone, according to one indicator.  Prices fell from $10,200 in mid-February to 12-month lows below $4,000 last week, dashing many hopes for a strong rally ahead of the May 2020 mining reward halving.  However, with the price […]

Bitcoin, which surprised markets with a sudden surge yesterday, has continued to climb today. The bitcoin price is fast approaching $7,000 per bitcoin, reaching $6,749 on the Luxembourg-based Bitstamp exchange earlier today after starting the week at under $5,000. Bitcoin is up around 20% over the last 24-hour trading period, while other major tokens, including […]