Monday, March 18 — most of the top 20 cryptocurrencies are reporting slight to noteworthy losses on the day by press time. Bitcoin is down just over one tenth of a percent on the day, trading at around $4,024, according to CoinMarketCap. Looking at its weekly chart, the current price is just under three percent higher than $3,906, the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap Co-founder of advisory firm Fundstrat Global Tom Lee today noted the apparent correlation between Bitcoin’s price action and emerging markets in a tweet. Ethereum (ETH) is holding onto …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The crypto markets are showing the first signs of bottoming out. Most cryptocurrencies are well above their yearly lows and are starting new uptrends. Every bull phase has a new set of leaders. Therefore, it is important to note the digital currencies that are pulling the market higher, as these are the ones …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The crypto markets are showing signs of bottoming out. Bitcoin gained about 11 percent in February, its first month to close positively since July of 2018. Bitcoin is not the only cryptocurrency being favored by the market participants. A number of other major coins are also looking strong and have recovered from their …
Argentina has recently settled an export deal with Paraguay in Bitcoin. Although the net value of the deal was only $7,100, it is a welcome step. Gradually, more countries will recognize the advantage of using cryptocurrencies for cross-border deals. Digital asset management fund Grayscale Investments said that its institutional clients are increasingly using the current low crypto prices to make long-term investments. These inflows are largely being parked in the fund’s Bitcoin Investment Trust. A survey of 71 global institutional investors, conducted by market research company PollRight for the Global Blockchain Business Council (GBBC), has shown that 19 percent of …
Monday, Feb. 11 — most of the top 20 cryptocurrencies are reporting slight to noteworthy gains on the day by press time, with Bitcoin (BTC) hovering near $3,650, according to CoinMarketCap data. Market visualization from Coin360 At press time, Bitcoin is up less than half a percent on the day, trading at around $3,648, according to CoinMarketCap. Looking at its weekly chart, the current price is just over 5 percent higher than the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap Ethereum (ETH) has regained its place as the second-largest crypto by market cap, with …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Over the past few days, we saw individual cryptocurrencies charting their own course, deifying the absolute leadership of Bitcoin (BTC). Tron (TRX) and Binance Coin (BNB) are two of the major cryptocurrencies that leaped ahead while Bitcoin continued to languish in a tight range. This shows that the traders are not waiting for …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Jeff Schumacher, founder of BCG Digital Ventures, told CNBC during a panel discussion in Davos, Switzerland that Bitcoin will go to zero. In another interview with Fox Business, Fundstrat Global Managing Partner Thomas Lee said that Bitcoin can still go to $25,000, which he calls its fair value. Analysts at JPMorgan Chase have …
Sunday, Dec. 30 — most of the top 20 cryptocurrencies are seeing discreet losses while a few report discreet gains. Bitcoin’s (BTC) price is under $3,900 again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down a fraction of a percent on the day, trading at around $3,880. Looking at its weekly chart, the current price is substantially lower than the Monday’s high of $4,271, and also lower than $4,011, the price of BTC one week ago. Moreover, the current price is still substantially up from $3,642 — the mid-week low registered Friday. Bitcoin 7-day …
Cryptocurrencies as an asset class are maturing and carving out their own niche. While the equity markets had their worst week in the past 10 years, the crypto markets have bounced sharply from their lows, showing first signs of a recovery. However, after the massive destruction of wealth this whole year, it will take more than a bounce to confirm the start of a new uptrend. Though these bounces are a good opportunity for short-term traders, the investors need to look for large bottoming formations which signal the beginning of an uptrend. After the initial bounce, the traders will look …
American fast food chain Church’s Chicken has started accepting payments in cryptocurrency Dash (DASH) at its locations in Venezuela, according to an official Facebook announcement on Dec. 12. According to Dash News, the cryptocurrency is accepted in all 10 restaurant locations in Venezuela. Dash has also completed its first transaction at Church’s Chicken and uploaded a video of the event on its official YouTube channel. The restaurant claims to be the first global fast food chain to accept payments in crypto. The announcement from Church’s chicken follows some confusion regarding the acceptance of Dash at major fast food vendors in …
The CEO of KFC Venezuela, Antonio Sampayo, has denied a recent announcement that it will start accepting major altcoin Dash (DASH), Spanish language crypto media Criptonoticias reports Monday, Dec. 10. Sampayo explained that KFC had discussed a crypto-related test with Dash, but the contract has not yet been finalized. He also said that processing payments with Dash “is not a fact, nor has the publication of any news about it been authorized.” On Tuesday, Dec. 11, Dash Merchant - Venezuela posted a public apology in its Twitter account, which reads: “Unfortunately, the message released was premature and reflected our optimism …
Friday, Dec. 7 — Crypto markets have today again taken a major downturn, with virtually all of the major coins by market cap seeing double digit losses. Some coins are down by over 20 percent, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) has taken a steep hit of over 11 percent on its 24-hour chart, and is trading at $3,400 as of press time. Having attempted to reclaim ground above the $4,000 price point in early December — to briefly trade close to $4,300 — the top coin’s recovery has failed to hold, and the asset …