Category: Price Watch

Litecoin’s MimbleWimble privacy upgrade is ready to roll on March 15

The Litecoin MimbleWimble (MW) lead developer, David Burkett, has given a progress update on the project. He mentioned improvements to do with stealth addresses, as well as enhancements to the wallet interface. But crucially, Burkett puts a date of March 15 for when he can hand it over to the community for review. January Progress:…

February 2, 2021
MicroStrategy buys another $10 million of Bitcoin, and it’s now sitting on over $2 billion in BTC

Expect Micheal Saylor to purchase all your Bitcoins the minute you stop paying attention. The MicroStrategy CEO announced today that the enterprise software maker had purchased over $10 million worth of Bitcoin, adding to its war chest of over two billion dollars worth of the asset already. “MicroStrategy has purchased approximately 295 bitcoins for $10.0…

February 2, 2021
Why the Bitcoin price dropped immediately after Musk’s positive comments

The Bitcoin price pumped and fell immediately after Tesla CEO Elon Musk talked about BTC positively on Clubhouse. Musk complimented Bitcoin, stating that it is ready for broader adoption. He said that he is “late to the party,” suggesting that he is now an enthusiast in the dominant cryptocurrency. The 15-minute chart of Bitcoin. Source:…

February 1, 2021
Dogecoin “supporters” turn on DOGE as Reddit-fueled craze ends with 50% correction

For some reason, Dogecoin (DOGE) has been the talk of the town over the past 72 hours. It began shortly after GameStop (GME) peaked this past week. After GameStop hype began to die down largely due to certain trading platforms pausing/restricting GME trading, many on WallStreetBets began to turn to new targets. Due to it…

February 1, 2021
XRP price spikes as Ripple pushes back against SEC’s $1.3 billion lawsuit

The price of now-embattled cryptocurrency XRP surged by up to 86%—just a day after Ripple Labs filed its response to the U.S. Securities and Exchange Commission’s (SEC) $1.3 billion lawsuit hanging over the company’s head. At press time, XRP was trading at around $0.47 per token, up 55.1% on the day. Simultaneously, the crypto’s price…

January 31, 2021
Analysts say Bitcoin could pop back up after accumulation

The price of Bitcoin fully retraced after surging to around $38,000 in the past 24 hours. BTC initially surged after Tesla CEO Elon Musk put the word “Bitcoin” in his Twitter bio. Since then, BTC has dropped back down to around $33,000, hovering just below $34,000 in the last few hours. Will Bitcoin recover soon?…

January 30, 2021
Ray Dalio clarifies his position on Bitcoin saying he “greatly admires” it

Billionaire philanthropist and founder of Bridgewater Associates Ray Dalio clarified his stance on Bitcoin, saying he respects how it’s fared over time. “I greatly admire how Bitcoin has stood the test of 10 years of time, not only in this regard but also in how its technology has been working so well and has not…

January 29, 2021
Here’s why Elon Musk’s simple Twitter bio change rocketed Bitcoin up 18%

The price of Bitcoin surged 18% after Elon Musk, the CEO of Tesla and SpaceX, added “Bitcoin” to his Twitter bio. The price of Bitcoin. Source: BTCUSD on TradingView.com Why would Bitcoin rally this hard off of a Twitter bio change? Musk adding Bitcoin to his bio carries more significance than many can imagine. First,…

January 29, 2021
Dogecoin (DOGE) rockets 800% higher and enters the top 10 as WallStreetBets starts to pick up on crypto

Over the past few months, there have been expectations of an extremely strong Dogecoin (DOGE) rally. Each and every bull market/trend over the past half-decade plus now has been marked by an extremely strong rally in the DOGE price. It’s a meme-based cryptocurrency of course, though has done really well. This past day, the rally…

January 28, 2021
Why a trader says a Bitcoin bottom is close, based on a key technical structure

Scott Melker, a cryptocurrency trader and the author of The Wolf Den Newsletter, believes a short-term Bitcoin bottom is close. Melker often uses the relative strength index (RSI) indicator on the 4-hour and 6-hour candle chart time frames to identify potential trend reversals. The RSI is an indicator that is used to evaluate whether an…

January 28, 2021