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Bitcoin price (BTC) kicked off 2020 with an incredible 37% gain in the month of January. Aside from that, support was found at $8,200 earlier this week. This support test resulted in a continuation of the upward momentum, leading the price towards $9,500.Is the price of Bitcoin ready to
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Bitcoin spiked above $9,400 and $9,500 against the US Dollar. BTC traded to a new yearly high at $9,569 and it is currently showing signs of a downside correction.Bitcoin price is likely forming a short term top near the $9,570 level against the US Dollar.The bulls seem to be losing
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British telecom giant Vodafone is the latest firm to pull out of the Libra Association, the non-profit body overseeing the Facebook-led digital coin, bringing the total number of early backers to withdraw from the project to eight. Vodafone Walks Away Both Vodafone and Libra confirmed the news last week with the departure
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The bitcoin price looked to be en route of surpassing a key resistance level at $8,250 that would leave it open to testing $9,000 and levels higher above it. But, the weekly close below $8,500 may leave it vulnerable for a steep pullback.In short-term trading, a weekly close is considered
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Bitcoin price (BTC) increased over 10% over the past week, so it didn’t take long for the usual crypto Twitter suspects to start screaming that they are all bullish now. Even I saw some bullish momentum as outlined in last week's analysis, but have we seen the bottom yet?
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The Canada-based blockchain and crypto company, DMG Blockchain Solutions Inc. (formerly known as Aim Explorations Ltd.) has announced the addition of another major client, but also the termination of the partnership with the world’s largest crypto mining chip maker, Bitmain.Filled with joy for the new big partnership formed and also
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Bitcoin is showing first signs of a weakening upside momentum as traders adjust their sentiments near key resistance areas.The benchmark asset on Wednesday plunged by up to 3.15 percent in what appears to be a corrective action. The move downhill prompted it to establish an intraday low of $8,202.57 on
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Bitcoin staged a sharp price rally this Tuesday as speculators continued to assess the likelihood of a full-blown military conflict between the US and Iran.The benchmark cryptocurrency established a seven-week high of $8,000 on Coinbase, its best level in seven-weeks. The move upside brought its weekly gains up by 10.27
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This post is part of CoinDesk's 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Darrell Duffie is a professor of finance at Stanford University.Darrell Duffie is on the faculty of Stanford University's Graduate School of Business, where he
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Bitcoin (BTC) easily succeeds over other cryptocurrencies in multiple key areas, which all but guarantee its future as the standard, noted academic Konrad S. Graf has concluded.In the second installment of a two-part interview with Eurasia Review published Jan. 1, Graf highlighted a plethora of “competitive advantages” inherent to
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