Since January, in less than four months, the valuation of the crypto market is up around $52 billion from $125 billion with the bitcoin price comfortably hovering above the $5,300 mark.Historically, alternative cryptocurrencies, or altcoins, have performed particularly well when bitcoin demonstrates a sideways price movement or remains stable in a tight price range.While bitcoin […]
Bitcoin and the wider cryptocurrency market has been going through something of a resurgence in recent weeks though investors and analysts remain wary of volatile crypto-assets, with many warning that bitcoin’s gains could be fleeting.The bitcoin price, which rocketed throughout 2017 before declining steadily through most of last year, has proven to be hard to […]
Amazon rival Rakuten, a Japan-based online retailer which has been expanding around the world in recent years, has begun accepting registrations for its new bitcoin and cryptocurrency exchange, Rakuten Wallet—with bitcoin and cryptocurrency investors hoping other technology companies, such as U.S. online retail giant Amazon, will follow suit.Rakuten, a sprawling company with operations across e-commerce, […]
Cryptocurrencies have gained traction for over a decade in the financial market. There are amazing opportunities for people to invest and gain value over a period of time in the growing cryptocurrency market. If you are an active participant in the financial market and engaged in buying, selling, or trading cryptocurrency, you need a cryptocurrency […]
The blockchain has become something of a buzzword over the past year or so, but that doesn’t mean it isn’t a viable solution for many businesses. In fact, one expert believes the made-famous-by-Bitcoin technology will be used by upwards of 60 percent of companies. This projection comes from Oracle’s group vice president of blockchain product development, […]
Investors, traders, and speculators are jumping into the Bitcoin and cryptocurrency markets again, sending prices soaring across the board.Over the last seven days, Bitcoin has gained 25.74%, Ethereum 18.76%, Ripple 16.12%, and Litecoin 53.20%–see table 1. The rally was extended across the cryptocurrency markets, with 94 out of the top 100 cryptocurrencies gaining in price-see […]
Bitcoin has been able to hold onto most of its recent gains and has secured its position above the important $5,000 mark. Despite this, BTC does appear to be treating $5,200 as a level of relative resistance, and it is unclear as to whether or not the crypto will be able to garner enough buying […]
As the bitcoin price slightly retraced below $5,000, the valuation of the crypto market dropped by $9 billion in the past 24 hours.However, based on technical indicators, analysts remain convinced that the $5,000 to $6,000 range will be broken by bitcoin in the near-term and $7,000 is the next reasonable step for the dominant cryptocurrency.The […]
Tom Lee of Fundstrat Global Advisors believes that the fair value of Bitcoin is around $14,000. The research chief and managing partner at Fundstrat also says that the old Bitcoin whales are back and have begun to buy back massively due to a shift towards positive market sentiments.The Old Whales Have ReturnedSpeaking to CNBC on Thursday […]
The recent crypto market jump could be linked to algorithmic trading, Bloomberg writes on Wednesday, April 3.Algorithmic trading — a method that uses automated software to detect trends and determine when trades should be made — has been on the rise in the last few months, according to Bloomberg. The industry has seen 17 new […]
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