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Fidelity Rumored to Launch Bitcoin Services

Fidelity Rumored to Launch Bitcoin Services

  Despite its drop in value, Bitcoin continues to spark interest among the largest financial giants. Back in mid-October 2018, we’ve talked about Fidelity’s intentions to get involved in the industry and yesterday, a Bloomberg article, citing anonymous sources familiar with the matter, mentioned that Fidelity could begin offering Bitcoin

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Despite Bitcoin Drop, More than 4,000 ATMs Globally

Despite Bitcoin Drop, More than 4,000 ATMs Globally

  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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US Bitcoin Mining Firm Ceases Activity

US Bitcoin Mining Firm Ceases Activity

  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

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Bitcoin Breaks Below 3,700 – New Lows in Sight?

Bitcoin Breaks Below 3,700 – New Lows in Sight?

  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

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Bakkt Bitcoin Futures Postponed Again

Bakkt Bitcoin Futures Postponed Again

  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

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Bitcoin Rally Ends Sooner Than Expected

Bitcoin Rally Ends Sooner Than Expected

  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

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Bitcoin Christmas Rally Still Possible?

Bitcoin Christmas Rally Still Possible?

  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.

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New SEC Delay for a Bitcoin ETF

New SEC Delay for a Bitcoin ETF

  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

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Bitcoin Difficulty Drops Sharply – Reasons?

Bitcoin Difficulty Drops Sharply – Reasons?

  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

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Bitcoin Reaches 3,500 – Correction Next?

Bitcoin Reaches 3,500 – Correction Next?

  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

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