Category: Bitcoin Price News

  • Crypto Bloodbath: Bitcoin Drops 7% to $7,500 as Crypto Market Loses $30 Billion

    Over the past 24 hours, the Bitcoin price has dropped by more than 7.5 percent from $8,150 to $7,500, as the crypto market lost $30 billion in one of the steepest drops in the past 30 days. Expected Decline, But Extreme Since July 29, Bitcoin recorded three consecutive sell candles on its one-day chart, demonstrating…

  • Bitcoin Slides to $7,500 as Major Currencies Fall in General Market Slump

    The bear market continued on Wednesday morning as the top cryptocurrencies saw losses that varied from the high single digits to double digits in cases. Bitcoin was the main catalyst for this slump as it tanked down by 8% to the $7,545 level on Bitfinex at around 0800CEST. Although there were indications that the cryptocurrency…

  • Bitcoin Price Intraday Analysis: BTC/USD Shows No Bullish Action

    No longer after we published our analysis on July 30th, 2018, the Bitcoin price against the USD started to slip heavily owing to overlong sideways action. In the past 24 hours. The BTC/USD pair has dropped over 5%, summing-up the overall 9% drop since the July’s high at 8512-fiat. Nevertheless, our intrarange strategy played out…

  • Bitcoin Drops to $7,800 But Rebounds Instantly to $8,150, Tokens Suffer

    On July 31, the price of bitcoin fell by 4 percent, from $8,150 to $7,800, as both major cryptocurrencies and small market cap tokens plummeted in value. Within hours after its 4 percent drop, the price of bitcoin rebounded from $7,800 to $8,150, demonstrating an instantaneous recovery from its relatively large drop. However, other major…

  • Crypto Market Cap Down to $295 Billion, Short-Term Drop For Bitcoin Price Expected

    Over the past 24 hours, the valuation of the crypto market has dropped slightly from $300 billion to $295 billion, as the bitcoin price declined from $8,300 to $8,150. Tokens including Aelf (ELF), Holo (HOT), Zilliqa (ZIL), Binance Coin (BNB), and 0x (ZRX), which performed well against both bitcoin and the U.S. dollar last week,…

  • Newsflash: Bitcoin Price Slips to $7,861 as Market Tests Key Support Level

    The bitcoin price slipped back below the $8,000 mark on Monday, reversing the recovery that it had made heading into the weekend. Bitcoin entered the day trading above $8,100, a mark it largely held until shortly after 17:30 UTC when — after flirting with that level for approximately 20 minutes — BTC/USD experienced a sudden…

  • This Cryptocurrency Hedge Fund Has a Lifetime Return of 10,136%

    Midway through 2013, when the bitcoin price was trading at $104, cryptocurrency hedge fund Pantera Capital published an investor letter that made what at the time seemed to be a moonshot prediction: The bitcoin price, the firm said, will one day hit $5,000. Five years on, a $5,000 bitcoin price target is considered bearish, and…

  • Bitcoin Price Headed to $500,000 in Six Years: Hedge Fund Mgr.

    The year is more than halfway over, but hedge fund manager Mark Yusko isn’t backing down from his prediction that the bitcoin price will reach a new all-time high in 2018, the first rumble of a moonshot that will see the flagship cryptocurrency crack the six-figure threshold in less than a decade. Writing on Twitter,…

  • Bitcoin Price Headed to New Highs: Crypto Hedge Fund Manager Spencer Bogart

    We appear to be in the season of predictions as various stakeholders in the bitcoin ecosystem are finding their voices again. The reason for this isn’t far from the recent bullish run of the bitcoin price that has seen it test the $8,500 mark before retracing and trading around the $8,200 mark as at the…

  • Opinions: What Experts Think about a Possible Bitcoin ETF

    Since 2017, SEC has turned down at least three bitcoin ETF applications (including the Winklevoss twins on two occasions) from different groups citing specific reasons for such denials. This has not stopped the surfacing of new applications. Just last month three groups that have been turned down before (CBOE, VanEcK and SolidX) returned with revised…