Although the Bitcoin price continues to weaken, currently at $3,530 on the Bitstamp exchange, there is one positive aspect related to the most famous cryptocurrency which needs to be put in the spotlight. The Asian session today, January 21st, saw the Bitcoin price dropping after news from the Organization
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Giga Watt, a well-known US Bitcoin mining company, announced its clients on January 16th that its activity had come to an end. The firm was is a bad situation already, after filing for bankruptcy two months ago. The huge drop in value, faced by most of the cryptocurrencies, is
The enthusiasm around cryptocurrencies seems to be over now that the Bitcoin price started to weaken impulsively again on January 10th. After consolidating for the first three days of the week, yesterday the price dropped from $4,000 to below $3,700 on the Bitstamp exchange. There was no actual important
Following the worst year for cryptocurrencies, the market has some great expectations from 2019, but so far, the year did not start on an upbeat tone in terms of news. The Bitcoin Christmas rally ended sooner than expected and right now the Bitcoin price is locked in a range
Since December 15th, the Bitcoin price had a decent performance, climbing from approximately 3,100 towards 4,200 on December 24th, but starting from yesterday we see a strong weakening. Although the seasonality acted as expected and we had the Christmas rally, judging by the latest developments the bullish momentum seems
We’ve four days away from the Christmas Eve and Bitcoin is gaining traction again, rising 23% in value since December 15th low. Such a strong move is beginning to fuel confidence among Bitcoin enthusiast, but let’s examine the situation and see whether there are more gains on the table.
Although at some point in time, there was some optimism emerging in the cryptocurrency market, as the appearance of Bitcoin-related ETFs will create a new flow on institutional money, which will push prices up, the US Securities and Exchange Commission continues to reject or postpone the launching of the
The 50% drop in Bitcoin value begins to have consequences at the beginning of December. One of the main reasons for that is the reduced profitability or unprofitability, depending on the geographical location or the equipment used for mining. The Bitcoin bloodbath made miners stop and they began to
Yesterday, November 25th, the Bitcoin price continued to edge lower and managed to reach the 3,500 level. As we have mentioned in our last weekly crypto analysis, we expect support around 3,500-3,000 area and now that the price had reached the upper band, what can be expected next? Sellers
Following the breakout of the 6,000 floor, the Bitcoin price had continued to slump, reaching a low of 4,485 on the Coinbase exchange a few hours prior to the time of writing. We’ve mentioned in our last weekly crypto analysis that buyers will need to rebound sharply and drive the
