Bitcoin Hits Highest Volume in 9 Months: Is Crypto Ready to Take Off After Massive Gains?

In the last 24 hours, the valuation of the crypto market increased by $8 billion as the Bitcoin price neared the crucial $4,000 resistance level. Major crypto assets in the likes of EOS, Ethereum, and Bitcoin Cash recorded gains in the range of 10 to 30 percent. Most cryptocurrencies have started to see record high volumes across leading cryptocurrency exchanges, demonstrating an increase in demand for digital assets. What is Causing the Rally and Can Bitcoin Sustain its Momentum? Prior to the rapid price movement of Bitcoin from the mid-$3,000…

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Bitcoin Price Celebrates New Year Inside a Near-Term Descending Channel

Bitcoin price on January 1st saw a minor decline of less than 1 percent against the US Dollar on a 24-hour adjusted timeframe. The digital currency, which established a weekly high towards $4,239 ahead of Christmas, corrected to as low as $3,561 on Coinbase in later days. It attempted a minor bull run on December The post Bitcoin Price Celebrates New Year Inside a Near-Term Descending Channel appeared first on CCN

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Bitcoin Price Falls to $3,900 After Poor Weekend, Crypto Market Loses $12 Billion

The cryptocurrency market has lost more than $12 billion from its valuation in the past 24 hours, as the Bitcoin price fell under the $4,000 mark. Major cryptocurrencies including Stellar (XLM) and Bitcoin Cash (BCH) lost around 6 percent in value on average, demonstrating a lack of momentum and trading activity. Bloodbath On December 2, … Continued The post Bitcoin Price Falls to $3,900 After Poor Weekend, Crypto Market Loses $12 Billion appeared first on CCN

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Bitcoin Price Will Bottom at 85% Discount to All-Time High: Morgan Creek

Anthony Pompliano, who works in Morgan Creek’s Digital Assets division, told CNBC’s Squawk Box on Monday that he believes the Bitcoin price is essentially going to bottom out with an 85% reduction in value from its previous all-time high. Prefacing that his forecast is based on previous experience in the crypto markets, he said: “85% The post Bitcoin Price Will Bottom at 85% Discount to All-Time High: Morgan Creek appeared first on CCN

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Bitcoin Price Bounces Back — Sustained Recovery or Dead Cat Bounce?

The bitcoin price on Wednesday showed signs of recovery after two weeks of massive selling action. The BTC/USD rate surged as much as 7 percent to establish an intraday high at 4645-fiat. The pair consolidated above 4500-fiat for a brief time but lost steam ahead of the US trading session, creating lower highs towards 4241-fiat. The post Bitcoin Price Bounces Back — Sustained Recovery or Dead Cat Bounce? appeared first on CCN

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Bitcoin Price Sinks to New Yearly Low as Sell-Off Batters Crypto Markets

The crypto market’s extended stable action took its last breath on Wednesday as the bitcoin price dipped to a new yearly low at 5280-fiat. The BTC/USD index fell more than 12 percent ahead of the US trading session, now trading at 5439-fiat on Coinbase. The pair was trading comfortably inside a narrow trading range since … Continued The post Bitcoin Price Sinks to New Yearly Low as Sell-Off Batters Crypto Markets appeared first on CCN

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Bitcoin at 10: CNBC Video from 2013 Shows How Far Crypto Has Come

“You confiscate a few billion dollars out of private bank accounts, and you print a couple trillion dollars, and all of a sudden, you know what happens? People start to worry. So out of this worry, we have something called the bitcoin,” explains CNBC correspondent Jeff Cox in this video from March 2013, as bitcoin The post Bitcoin at 10: CNBC Video from 2013 Shows How Far Crypto Has Come appeared first on CCN

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Bitcoin Price Intraday Analysis: BTC/USD Breaks Stability, DXY Strong

The downside pressure renewed in the bitcoin market after two weeks of firm action. The bitcoin-to-dollar exchange rate on Monday dropped by more than 3 percent, breaking below the critical support level near 6300-fiat. The pair formed intraday lows on a downtrend towards 6212-fiat, only to find a weak bullish sentiment. The price has corrected The post Bitcoin Price Intraday Analysis: BTC/USD Breaks Stability, DXY Strong appeared first on CCN

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