Posts Tagged: china

Bitcoin Hangs Tough Amid Negative Reports

While the Bitcoin headlines have largely been negative lately, it seems there’s a ray of hope. The biggest cryptocurrency by market volume is on a small rally that gives bulls hope that the price will soon make a bigger jump. Currently hovering over $34K, Bitcoin’s rally is on its third

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

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 Rises; North Korea Continues Hacks

After dropping down below $10,000 during last week, Bitcoin, the world’s biggest cryptocurrency by market capitalization, has rallied once again, gaining over $1,000 in value during the period. According to market charts, the rally was supported by an increase in trading which is clearly evident in the 24-hour trading volume

Bitcoin at $5,200; China Considers Mining Ban

This is proving to be another interesting week for Bitcoin as the cryptocurrency is seeing a strong revival of interest like it hasn’t had for months. After trading volume exploded last week, Bitcoin was not only able to break past $5,000 but it also set a new support level with

Bitcoin Back to $6,700; US Government to Fight it With Ripple?

After plunging to $6,300 on Thursday last week, Bitcoin stayed near the same levels for the entire weekend thanks to low buying interest. But come Monday, the cryptocurrency made a sharp jump upwards which added over $500 to its value in a matter of only a couple of hours. With

Bitcoin Retracts; Will the Crypto Market Implode?

Once again we’re at the middle of the week with Bitcoin’s USD value falling down after a climb upwards during the previous week. Whereas this time last year Bitcoin’s price was changing fast from one day to the next, for the past month the world’s number one cryptocurrency has been

Bitcoin Sell-Off Suspected; China Mining Company Asks $1b in Fundraising

Bitcoin is once more heading towards $7,500 after drawing a curve on the price charts last week supported by increased trading interest. Like Forbes reported, BTC price reached a one-month peak yesterday, pulling other digital currencies along with it. In the course of Monday to Tuesday, Bitcoin grew 2.2% to

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