Major hedge fund managers and central banks all around the globe had refused to believe in bitcoin (BTC) as currency or medium of exchange – which was part of the reason bitcoin price dipped from $19,000 to $6,000 in less than one month. Institutional analysts and investors blamed lack of store value and the huge price…
Bitcoin’s recovery continued on Tuesday, following up on yesterday’s breakthrough above $11,000. The cryptocurrency traded above that level throughout the day, reaching a high of $11,666. BTC Showing Upside Not only has BTC managed to gradually restore its value over the past two weeks, it is also showing tremendous strength and upside for more growth. Bitcoin…
Litecoin (LTC) is surging on the market today, as most of the top ten remain stagnant. LTC is currently trading for $247.59, up 10.02%, in 24 hours. Source: CoinMarketCap In the past week, Litecoin has surged nearly 60% in its price. The start of its surge was from LitePay Inc’s announcement of a new payment platform…
Venezuela launches Petro Coin today – almost 84 million tokens are initially available for sale. The government expects to circulate 100 million tokens in total, in a bid to generate over $6 billion. Several virtual currencies claimed to be back by the dollar, but backing Venezuela’s Petro coin is crude oil. Carlos Vargas, the official…
Welcome to the Crypto Olympics: Day 11 Check out Day 10 of the Crypto Olympics Coin vs. Coin – who will be crowned the Crypto Olympics Champ? It’s a scattered market today with some coins up and some coins down. Today’s competitors will be Dash vs. NEM (XEM). Which coin will be able to ride…
For anybody who has been tracking the evolution of cryptocurrency for more than five minutes, the announcement in late January that Japan-based exchange Coincheck had been hacked for around $500 million worth of XEM (the NEM token) was simultaneously shocking — and no surprise. No surprise because monster hacks like this have been par for the…
Bitcoin (BTC) has recovered 88% from the ~US$6000 low posted on February 6th. The market cap now stands at US$186.7 billion, with US$4.3 billion traded on exchange over the past 24 hours. Regulation continues to underpin industry discussions. A South Korean official who guided Seoul’s regulatory clampdown on cryptocurrencies was found dead on Sunday, according…
Key Highlights: After surging past the $1.20 mark this weekend, Ripple dropped back down to close to $1.10 today A triangle pattern has formed, indicating XRP could be trading in the range of $1.10 to $1.11 for the rest of the day A major support level is held at $1.10, along with a resistance of…
The cryptocurrency market rebounds today as it closes out the working day in the green, despite many top coins starting this morning in the red. Bitcoin (BTC) is still trading above $11,400 and is up 7.74%, in 24 hours time. Currently, the digital token holds 37.9% of the entire cryptocurrency market. Most of the top…
Key Highlights: Cardano (ADA) dropped below the critical $0.40 level, now trading at around $0.39 ADA surpassed $0.40 over the weekend but failed to hold above that level A major support is held at $0.38 Cardano Fails to Hold $0.40, Trending Downward Cardano has been slowly moving up for the past couple of weeks, with…
