bitcoin Bitcoin Analysis Bitcoin Price News Crypto 

Bitcoin Price Skyrockets to 2nd-Best Quarter in 5 Years; Record High Next?

By CCN: Bitcoin price is on track to having its second-best quarter since 2014 with a 92 percent gain within two months if it remains above $8,000 by the end of June. Since April 1, in about a month and a half, the bitcoin price has increased from $4,100 to $8,000, by nearly two-fold against the U.S. dollar. $BTC current quarter ranks as the 2nd highest quarterly gain since 2014 and the 7th highest quarterly gain all-time pic.twitter.com/bNTohKJREw — Josh Olszewicz (@CarpeNoctom) May 19, 2019 At its lowest point in…

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bitcoin Bitcoin Price News Crypto max keiser Pantera Capital 

Bitcoin Surged 10x After 2016 Halving; Will 2020 See a Similar Result?

By CCN: In about every four years, the Bitcoin blockchain network experiences a block reward halving, a mechanism that reduces the rate in which new bitcoin is generated or mined by miners. The block reward halving has typically served as a key fundamental factor behind the dominant cryptocurrency’s major rallies. Price one year before first halvening : $2.55 Price one year after first halvening : $1,037 Price one year before second halvening : $268 Price one year after second halvening : $2,525 Price one year before the third halvening: $7,100Price…

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bitcoin Bitcoin Price News charlie shrem Crypto 

Impressive! Resilient Bitcoin Price Moves Higher as Crypto Stars Align

By CCN: The bitcoin price stumbled toward the end of the week but it looks like the bulls have gotten it together. BTC is now moving higher by nearly 7% to approximately $7,800 at last check on CoinMarketCap. The price had fallen as low as approximately $7,000 on Friday, and some traders have been calling for the bottom to fall out. It seems as though that won’t happen, at least not today. | Source: CoinMarketCap Even though the sudden reversal came suddenly and seemingly disrupted some weekend plans, nobody on…

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bitcoin Bitcoin Price News Crypto 

Bitcoin Price Party’s Only Getting Started after 2019’s Monster 100% Surge

By CCN: According to eToro senior market analyst Mati Greenspan, bitcoin is in amidst a parabolic bull cycle and is on track to sustain its strong momentum over the medium to long term. Since January, within less than six months, the bitcoin price has increased by nearly 100 percent against the U.S. dollar. With a 98 percent gain year-to-date, bitcoin has outperformed most assets in 2019 (source: coinmarketcap.com) Still, despite its large short-term rally, Greenspan noted that the dominant cryptocurrency is only at the start of a bigger cycle that…

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bitcoin Bitcoin Analysis Bitcoin Price News Crypto Lightning Network 

Lightning Network Is Driving Bitcoin’s Resurgence

By CCN: Bitcoin must have been struck by lightning – the Lightning Network. That’s what some crypto observers are saying is behind bitcoin’s price surge. As part of its blockchain Week coverage, CNBC has hosted a series of crypto players to analyze what’s going on in the suddenly-roaring industry. Bob Iaccino, the chief market strategist at Path Trading Partners, joined the discussion on Wednesday to explain what’s behind the bitcoin price doubling so far this year. Bitcoin Price Rally Spurred by Lightning Network: Futures Trader CNBC reporter Seema Mody said…

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bitcoin Bitcoin Analysis Bitcoin Price News 

Bitcoin Price Smashes Through $8,100 in Minutes, Analysts Eye $10K

By CCN: The bitcoin price has increased from $6,863 to $8,167 by more than 19% in the past 48 hours. As bitcoin achieved a new 2019 high and recovered to July 2018 levels, analysts pointed toward $10,000 as the next likely target. The abrupt price movement of bitcoin from around $7,000 to more than $8,000 follows the caution of a relatively large number of technical analysts regarding the demonstration of oversold conditions by bitcoin’s technical indicators. The bitcoin price is up more than 14% against the U.S. dollar in the…

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bitcoin Bitcoin Analysis Bitcoin Price News Crypto U.S. Market News 

Bitcoin Price Rages Near $7,500

By CCN: U.S. President Donald Trump announced a trade war with China Friday, hiking tariffs on $200 billion worth of Chinese exports from 10% to 25%. On the same day, the bitcoin price extended its uptrend after jumping above $6,000. The two events did not share anything except a date. But, according to Ed van der Walt, they probably had an interesting connection. The Bloomberg reporter theorized that investors were using bitcoin as “trade-war play,” stating that President Trump’s decision to increase tariffs on Chinese imported goods could create geographic…

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bitcoin Bitcoin Analysis Bitcoin Price News Crypto 

Bitcoin Price Smashes Through $7,500 With Spectacular Return of Bull Market

By CCN: The crypto market has made a spectacular return as it added $28 billion in the past 48 hours. The bitcoin price surged past $7,400 and hit a new 2019 high, marking the start of a new bull market. In many major markets, the volume of bitcoin has returned to the late 2017 level with the “real 10” daily spot volume of bitcoin surpassing $1.9 billion. The bitcon price hit a new 2019 high after surging over $7,500 The “real 10” volume calculates the daily volume of BTC using…

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Augmento Bitcoin price Bitcoin Price News Crypto Twitter 

Social Media Indicators Suggest Bears May Be Lurking

By CCN: Augmento is an artificial intelligence platform that analyzes trends and data to “augment human decision-making.” The firm posted the results of its look into the bitcoin bear market today with an eye toward determining if crypto winter is truly over. Social Media Reveals Feelings Toward Bitcoin Augmento’s algorithm categorizes social media mentions of cryptocurrency in several ways – everything from “FOMO” (fear of missing out) to “annoyed.” The company believes that for a bull run on the order of 2017 to take place again, sentiment must reach a…

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bitcoin Bitcoin Price News Crypto Mike Novogratz 

Bitcoin Price Slingshot Will Follow Bitter Struggle Near $6,000: Mike Novogratz

By CCN.com: After hitting a new 2017-high, bitcoin price could struggle around $6,000 before moving higher, according to Mike Novogratz. The billionaire chief executive officer of Galaxy Investment Partners LLC said bitcoin was the only store of value while the rest of the cryptocurrencies still had to prove their particular use-cases. That gave bitcoin a certain edge over the market which, upon testing a technical barrier at $6,000, could explode towards higher upside targets. “Bitcoin is worth $100 billion,” Novogratz told Bloomberg. “It’s the social construct that made it worth…

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