Bitcoin predictions: Cryptocurrencies have been stabilizing over the past three days – something rather unprecedented. Markets had witnessed Bitcoin’s upside volatility last year but found it equally volatile on the downside; the slump from $19,000 to less than $6,000 in last month alone vindicated the instability for both trends. In spite of the massive…
Last month, the Eastman Kodak Company (NYSE:KODK) made company history. Joining the blockchain industry, the Rochester, New York-based company revealed to the public its KODAKOne platform. This platform is entirely powered by blockchain technology. To no surprise, this announcement caused the stock to jump almost 100%. While this was all very exciting, it seems now…
It appears we have yet another company interested in blockchain technology. While not as far-fetched as, say, Long Island Iced Tea (now Long Blockchain Corp. (NASDAQ:LTEA)) moving into blockchain, I was still a little taken back, and also very excited, to hear that Wien Energie is testing a number of blockchain-based services. Wien Energie’s Latest…
This morning, BTC price broke through the $8,500 barrier and hit a high of $8,621.28. Currently, it is trading at around $8,158.85 as of 12:30 PM EST. Further Gains Ahead? As mentioned in our analysis yesterday, a resistance level was established for BTC at $8,300. This was tested earlier today, and a couple of bullish…
Bitcoin prediction: It’s been the roughest week yet for cryptocurrencies as the price of Bitcoin sank to just over $6000 – its lowest since November. This, coupled with regulatory fears and ICO scams, has led to increasingly bearish sentiments towards the cryptocurrency market in general. It has lost $340 billion USD since the start of…
Altcoin Update: Cryptocurrencies are finally making a comeback, after a rough start this week. Various countries trying to implement anti-crypto regulations has caused major panic selling in the last few weeks. Despite the major market corrections, it seems that crypto investors have gained some confidence. Most coins were up in the double-digit percentages yesterday and climbing.…
Bitcoin Price Rebound: This morning, BTC bounced back above $8,000, peaking at $8,582.93. It was able to test a previously established resistance level of $7,200; in fact, this price is very close to BTC’s lowest point today. More Upside For BTC? As the chart below shows, BTC is slowly moving back up following almost a…
A Tug-Of-War Between the Bitcoin Bears and Bulls is evident right now. The huge sideways movements in prices continue to stun investors. Though the bulls were weaker against bears over the last few weeks, they applauded the welcome development from the latest Senate Banking Committee meeting – at least for some time. The Tug of…
The cryptocurrency market is continuing to rebound after a shaky day yesterday. Coincidentally, the Dow Jones plunged a total of 1,100 points yesterday, around 4.6%, which is the lowest since the European debt crisis back in 2011. The stock market corrected itself from yesterday’s downfall, is there a correlation between the two? I really don’t…
The cryptocurrency market is rebounding today after many coins lost double-digit percentage value yesterday. China announced their implementation of banning both foreign and domestic cryptocurrency websites with their country-wide firewall. Panic sells have become a common theme as countries publically announce new regulations around cryptocurrency. However, it seems the fear has subsided as most coins…
