Over the past few months, there has been a large hubbub around Bitcoin (BTC) falling under $2,000. Most analysts looking for the asset to fall under such a level cite the Hyperwave, a form of analysis that often applies to (bubble-prone) assets that have the ability to spark monumental macroeconomic shifts, like cryptocurrencies, Dotcom stocks, and Japan’s 70s and 80s stock market rally.
By CCN: The ruthless bitcoin bear market of 2018 has claimed numerous victims, including many crypto startups and executives. The latest is former EY blockchain leader Angus Champion de Crespigny, who’s leaving the industry. Champion de Crespigny made the revelation on Twitter, where he insists that he’s still bullish on bitcoin. However, he’s discouraged by how long he believes it will take for m...
In March, when Bitcoin (BTC) was trading at around $4,000 apiece, a prominent analyst going by Filb Filb quietly made a prediction that the cryptocurrency was going to hit $5,000, as his peers laughed. As we now know, Filb was right. And interestingly, the same indicator that he used to back his $5,000 call is flashing yet again.
China has been notoriously harsh on the development of cryptocurrency, imposing a ban on investing and trading into digital assets, including Bitcoin. However, the executive chairman for the Blockchain Research Institute believes that in 20 years, Chinese national fait currency will be replaced by a cryptocurrency version.
Popular cryptocurrency pundit and Fundstrat Global Advisors analyst Tom Lee issued an update on his “Bitcoin Misery Index” in an interview with CoinTelegraph published on April 19. According to the analyst, Bitcoin is reaching new heights by the BMI indicators, establishing new markers that have yet to occur in a bear market.
In the eyes of analysts across the board, Bitcoin (BTC) decidedly bottomed at $3,150. They cite the fact that at $3,150, BTC was down 85% from its all-time highs, which is where the crypto asset has bottomed in previous cycles, coupled with the idea that industry fundamentals are better than ever.
Fundstrat’s prominent head of research, Tom Lee, recently took to Twitter to remark that one of the “pre-conditions” for historical altcoin rallies is coming to life in the current cycle. This precursor, for those unaware, is a drop in the correlation between the crypto asset class at large and Bitcoin (BTC) itself.
By CCN: A big shakeup at Argo Blockchain, the beleaguered bitcoin mining company that owns Argo Mining, has revealed that a Rothschild-linked London oil tycoon with a shadowy past just did the cannonball dive into the deep end of the crypto mining pool. As if you needed any more evidence that bitcoin has found the bottom of its year-plus-long bear slump, with the foundations already laid for a mas...
By CCN: Amongst the litany of bearish naysayers, one bullish voice still screams louder. Larry Fink, the CEO of the world’s largest asset manager – BlackRock – is sticking firmly to his forecast that there is no bogeyman waiting to slaughter the US stock market. BlackRock Not Worried About Recession Battering Stock Market The billionaire investor made his comments to Handelsblatt. Mr. Fink, it see...
A number of cryptocurrency supporters have been getting riled up lately over the @Bitcoin account on Twitter. Over the last 48 hours, various bitcoin core (BTC) supporters have been reporting the account to Twitter and the platform’s CEO Jack Dorsey. Things escalated when one BTC supporter private messaged Dorsey about getting the @Bitcoin account banned, to which the social media executive replie...
By CCN: Tesla billionaire Elon Musk’s rocket company SpaceX suffered another setback when one of its Crew Dragon capsules encountered a mysterious “anomaly” during engine tests being carried out at the Cape Canaveral Air Force Station on April 20. The SpaceX facility in Florida was covered in dense orange smoke, though the so-called anomaly was brought under control without any injuries, Reuters r...
All eyes may be on Bitcoin (BTC), but other crypto assets have seen their fair share of gains since the start of 2019, sparking calls that what is known as “altseason” is right on the horizon. Per one prominent industry analyst, this cyclical industry event, which sees altcoins dramatically outperform the de-facto cryptocurrency lead, may actually be live as we publish this.
By CCN: According to Alex Krüger, an economist and a global markets analyst, the breakeven cost for efficient bitcoin mining operations currently hovers at around $3,550. The bitcoin mining operational breakeven for efficient mining operations currently stands around $3550. pic.twitter.com/gQrNYBcvLH — Alex Krüger (@krugermacro) April 21, 2019 Across major cryptocurrency markets, the bitcoin price...
It becomes increasingly unlikely this Sunday will end on a high note for the top cryptocurrency markets. The culprit is not hard to find, as Bitcoin’s dip drags everything down with it. This drop below $5,300 is not entirely surprising over the course of the weekend, albeit it remains to be seen when the Bitcoin price will recover this time around.
When all of the top cryptocurrency markets dip in the red, there is a genuine chance some lower-ranked projects will start moving up all of a sudden. Today is no different in that regard, as the current Factom price trend doesn’t correlate with the top markets whatsoever. Traders will be pleased to see some gains materialize for FCT, as it has been a rough year so far.