Posts Tagged: bitcoin

Bitcoin Continues to Slide – Is There a Reason to Panic?

After a strong start to the year, Bitcoin has once again fallen into a bit of a slump. While experts are not that concerned, traders are hit with bad news every week. Last week, for example, Bitcoin couldn’t break the $8,950 support level and this week, it went down to

Resistance at $8,950 Could Prevent Bitcoin’s Price to Jump Up

Bitcoin’s upward price trend in the past month has apparently cooled down. Although the price drops aren’t that dramatic, it has failed to reach the $10K level for the second week in a row, bringing back memories of 2019 crypto owners and traders are not fond of. After shooting past

The Coronavirus Is the Reason for Bitcoin’s Latest Price Dip

The global panic over the spread of the coronavirus affects the economy in different ways. It has broken trade lines and caused massive transit delays and cancellations affecting the price of gold and oil. It has even managed to massively hit the blockchain. After a few strong months, Bitcoin experienced

Bitcoin Tackles $9.5K – Could it Signal a Breakout?

Bitcoin really can’t catch a break right now. The negative bearish trend continues with bulls nowhere in sight. There may be a faint signal of a breakout, though. Yesterday, a bullish breakout saw the world’s leading cryptocurrency race to challenge the $9.5K level, although sadly it couldn’t break it. The

Is Bakkt Responsible for Bitcoin’s Crash?

In recent months, Bitcoin’s price was all over the place. It shot up over $10K in June, then crashed down to Earth after a period of stable price around the $10K mark. In the past few weeks, Bitcoin’s price has plummeted, however, and analysts from JP Morgan think they know

The Bitcoin Yo-Yo Effect; Are Chinese Ponzi Scammers to Blame?

It’s all over the crypto networks – Bitcoin has gone into a new frenzy, several times just today. The cryptocurrency ultimately seems to be settling down at just above $10k at the time of writing, but many fear we haven’t seen the end of it. As CoinMarketCap’s estimates go to

Bitcoin Bouncing Back Around $10K

After the recent surge which saw the world’s biggest cryptocurrency surge to $13K, Bitcoin’s price has dropped down to the $9K mark. After a modest uptick the past few days, Bitcoin is now once again testing the $10K barrier, with gains of nearly 3% in the past 24 hours. The

Bitcoin Over $9,000; Will it Replace Cash?

Bitcoin is currently trading just above $9,000 per coin after a week of moving above and below this price range. Just when an overall bullish market was hinting at a break over $10,000, the cryptocurrency suffered a price correction that was likely triggered by profit makers who wanted to capitalize

Bitcoin Drops Below $8K Amidst Twitter and Reddit Ban

Bitcoin’s price is continuing on a downward spiral as the trading market loses volume and sellers step onto the scene. In the past week, the cryptocurrency lost over $1,000 in value, dipping below $8K and marking almost a full month of negative price swings since the start of March when