Tuesday, Aug. 6 — Major cryptocurrency markets have continued suffering losses over the past several hours as Bitcoin (BTC) has come back down to around $11,700 after a jump to $12,300 earlier today. Market visualization. Source: Coin360 BTC has effectively returned to its level of 24 hours ago to trade at around $11,759 at press time. During the past day, BTC has been trading in a narrow corridor between $11,020 and $12,239 — the coin’s highest price point on the day. Today, former Wall Street trader Max Keiser claimed that Bitcoin dominance is heading to 80% and that altcoins are …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The trade war between China and the United States intensified as China allowed its currency, the yuan, to fall to its lowest level since 2008. This is seen as a retaliatory move by China on the latest tariff hikes by the U.S. If the nations enter into a currency war, it will only strengthen …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. 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. Binance research highlights that Bitcoin (BTC) has rallied along with other assets that are considered safe-havens following the latest tariff tweet by United States President Donald Trump. This shows that Bitcoin is gaining acceptance as a safe haven and a hedge against geopolitical issues and monetary easing by central banks. In a letter …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Fundstrat Global Advisors co-founder Tom Lee expects Bitcoin to reach $20,000 this year. He believes that increased liquidity due to the Fed’s rate cut will drive money into risk assets that will help the leading cryptocurrency. Bitcoin will also work as a hedge due to its low correlation to other asset classes. Echoing a …

Bitcoin (BTC) and Bitcoin Cash (BCH) payment processor BitPay confirmed that it suspended its operations in Germany in an email sent to Cointelegraph on Aug. 1. BitPay: “We have paused operations in Germany” In the aforementioned email, a BitPay PR rep. Jan Jahosky cited regulation coming into force next year in Germany as the reason why the company decided to suspend its services in the country. The firm added that it is currently evaluating adding support for Germany again in the future. A BitPay spokesperson told Cointelegraph: “Germany has publicly stated that they want crypto companies to apply for a …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The United States Federal Reserve cut rates today for the first time since 2008, which some believe is unwarranted as the economy is on strong footing. The rate slash is seen by some as a means to appease President Donald Trump, who has been critical of the Fed’s monetary policy. The rate cut could …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. After facing opposition from regulators across the world, Facebook has warned that its Libra project might not see the light of the day. If Libra has to succeed, it has to obtain the necessary approvals from regulators and policymakers, which looks increasingly difficult. With Libra, the adoption and use of cryptocurrencies could have surged …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. While large economies are confused on how to handle cryptocurrencies, smaller nations — Belarus, Bahrain, Malta and Gibraltar — have taken the lead. They have created specific rules for the sector and are offering an environment that provides security to investors. If these nations succeed in attracting investments, we expect larger nations to become …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The uncertainty regarding regulators is keeping the upside in check. However, improving fundamentals have made a floor below a few major cryptocurrencies. The rest are lagging behind and might drop to new yearly lows. This shows that markets have started to differentiate between the altcoins. Hence, traders should buy the altcoins that will lead …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The sentiment in the crypto space is fragile. Even a whiff of negative news or rumor results in sharp selling. The markets are ignoring the favorable news and are focused on negative news and events. However, at lower levels, we expect the institutional players who had missed out on the previous rally to start …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. A new study by digital asset management fund Grayscale Investments shows that 83% of American investors are likely to invest in Bitcoin. Another interesting finding was that the average age of Bitcoin investors was 42. This means that even traditional investors are allocating some portion of their portfolio to cryptocurrencies. As the markets mature, …

A mobile crypto payment platform says its technology is transforming the retail business — and giving merchants an unprecedented opportunity to accept digital currencies as a method of payment. Eligma says Elipay, its flagship product, removes the hurdles that have been stopping brick-and-mortar stores from embracing cryptocurrencies. All too often, independent retailers have been dissuaded from accepting the likes of Bitcoin because it would take too much technical know-how. Volatility has been another concern, with small shops fearful that sudden price fluctuations could erase their razor-thin profit margins. However, the Slovenian startup says crypto can offer a much-needed alternative to …