News

Bitcoin’s Price Drops; China Sales Almost Gone

The price of Bitcoin drops below last week’s range as the trading market remains pro-sell. After a brief bull run pushed the cryptocurrency’s price upwards at the start of this week, Bitcoin lost over $300 in value on Tuesday, crushing hopes that a stronger rally will be formed to boost

Bitcoin Back at $6,500; Iceland Miners to Aid New Tech Revolution

Although a week ago the trading signals suggested Bitcoin could be in for a slide, the world’s largest cryptocurrency by trading volume managed to hold its position and climb well over it. Aided by increased interest in the coin and a buying sentiment, Bitcoin managed to break over $6,500 at

Bitcoin Hit by Sellers; South Korean Exchanges Suffer Hacks

Bitcoin’s price is circling around $6,500 after a week of struggling to establish a higher position. Like it was this entire month, the market is still dominated by sellers and low interest in trading the cryptocurrency, which couldn’t be said for the start of the year when Bitcoin was the

Bitcoin Drops to $6.5K; The Lowest Since February

In another week of low-volume trading, the world’s largest digital coin, Bitcoin, drops to $6,500. The cryptocurrency finished last week on a positive note, closing near $7,600 on Friday. However, due to lowered interest and bearish trends, the coin lost over $1,000 in just two days while current market signals

Bitcoin Stays at $7,600; Will It Hit $12,500 by Year’s End?

Bitcoin is currently trading near $7,600 after the cryptocurrency failed to push past the $8,000 mark during the past week. Once again, the media is buzzing with terms like “ bubble”, saying that the latest price corrections might be a sign that the cryptocurrency’s “bubble” cycle is finally coming to

Bitcoin Rises As Italian Crisis Deepens

Bitcoin has once again proved that it is a valuable safety asset in times when global financial markets are going through a crisis. Namely, after falling down to nearly $7,000, the world’s most popular cryptocurrency started an ascending path as the political crisis in Italy deepened over the weekend and

Bitcoin Drops to $8,000; Bitcoin Pizza Day Celebrated

Bitcoin went through another tough week as the price of the cryptocurrency struggled to climb back upwards to $9,000. Lead by a stronger selling sentiment and relatively low trading volume, the market drove the price downwards by around $500 shortly after it climbed to $8,500, crushing hopes of a stronger

Bitcoin Drops to $8,000 During Consensus 2018

The price of Bitcoin has dropped close to $8,000 in the past week since our previous update as the market turned bearish in the eye of the Consensus 2018 conference in New York, fueled heavily by rumors about a huge sell-off of thousands of Bitcoins from a Mt.Gox trustee.  Marking

Bitcoin Pulls Back; Fed Paper Blames BTC Futures for Price Drops

Bitcoin has fallen back to $9,000 again during the weekend thanks to an increase in bearish pressure. The recent price decline, to some extent, could have been triggered by the criticism towards Bitcoin from billionaire Warren Buffett and tech magnate Bill Gates during an interview on CNBC’s Squawk Box. Nevertheless,