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MobileGo is back in selloff mode after failing to break past key resistance levels against bitcoin and ethereum. MobileGo vs. Ethereum MobileGo was rejected on its test of the 0.0024 resistance level and is now down 5.49% to ethereum. Price is currently testing an area of interest at the 0.0020 level and a bounce could take it up to the latest highs. On the other hand, a break below support could take it to the next floor at 0.0016. Volume Read more …
Bitcoin pulled back on Monday after China’s decision to halt a key cyber currency fundraising mechanism that had recently been gaining in popularity. The currency declined 6.4 per cent in the European morning to $4,312, Reuters data show. It had climbed as high as $4,980 over the weekend. Monday’s fall came after China said that “initial coin offerings,” often abbreviated ICOs, were illegal and that any such activity should be halted immediately. The People’s Bank of China issued a strongly-worded Read more …
If you are in need of beats for personal or commercial projects and you use Bitcoin often, you may want to know that, there’s a new website accepting Bitcoin payments. Is not your ordinary online shop, while is dedicated to a music niche, of selling beats, instrumentals, loops, samples, vocals and more. Djbeatstore.com is a brand new platform in this industry, being only 8 months old. The audio products are of a great quality and exclusively created for djbeatstore. Each Read more …
The price of bitcoin reached the milestone value of US$5,000 per BTC on Friday night, September 1. Bitcoin has had an outstanding run in 2017, climbing over 700% over the past eight months. Magical Internet Money Hits $5k The decentralized currency Bitcoin has rallied hard this year, climbing from $1,000 per BTC on January 1st to $5,000 per BTC on the first of September. The digital asset had a substantial market capitalization of approx. $82.6B with only 16.5 million bitcoins Read more …
Bitcoin has always had a long history of volatility and is currently on a big upswing. For much of January, the cryptocurrency sat at under $1,000. Now, a single bitcoin is worth more than $4,610. This volatility may be great for bitcoin investors, but the growth has hindered bitcoin’s effectiveness as a currency, as people are reluctant to spend or transact during a surge. For many, at the moment, bitcoin is largely a hedging tool or an investment. For companies Read more …
Key Points Bitcoin cash price declined further and traded below the $550 level against the US Dollar. This week’s highlighted a descending channel pattern with resistance near $600 on the hourly chart of BCH/USD (data feed from Kraken) is still active. The price might continue to extend losses and could soon trade towards the $500 level. Bitcoin cash price failed to recover above the $600 level against the US Dollar. BCH/USD is now at risk of more declines towards the Read more …
Bitcoin Price Key Highlights Bitcoin price recently surged to new all-time highs after a brief period of consolidation at the top of its range resistance. Price is stalling around $4600 so bulls might need more energy before resuming the climb. A pullback to the rising trend line and nearby area of interest could be enough to draw more buyers to the game. Bitcoin price is exhibiting more bullish momentum but could use a quick pullback before going on another leg Read more …
BTC-USD is up 160% in the 6 weeks since it last bottomed out at around $1800. The $2850 growth marks the sixth week in a row of new highs and aggressive bull runs as bitcoin sits upon its current all-time high in the $4600s. One can’t help but wonder where the top of this run lies; Goldman Sachs is calling the top of the bull run at around $4800. Historically, during times of war and political uncertainty, investors tend to Read more …
Bitcoin is living up to its growing reputation as a disaster hedge, setting a new record high of $4,703, even as global geopolitical tensions rose thanks to North Korea launch of a missile over Japan earlier today. Ethereum, the second most valuable cryptocurrency on the market, is trading close to its all-time high. Bitcoin has had a very good year. It has gained 260% so far this year, and 590% over the last 12 months. Ethereum, for its part, has Read more …
Somewhere around midafternoon out of Europe, the bitcoin price spiked to the upside and broke through 4600, a level we have been watching quite closely recently as one that could be pretty psychologically significant. Almost immediately subsequent to the break, however, price peaked in and around 4625 and started to decline. It fell right back through the level in question and now looks to have set its sights on 4500 flat. There is an immediate downside entry on the cards Read more …
Photo courtesy of Rob Pongsajapan. On August 1st, the bitcoin fork called “Bitcoin Cash,” or “BCC,” will likely be introduced. For more information about BCC, check out Bitmain’s recent blog post. If the fork is successful, you will automatically have the equivalent amount of BCC as the amount of bitcoin stored in your BTC.com wallet. At the moment, the BTC.com wallet does not support making transactions with Bitcoin Cash, nor does it display a separate balance for it. We are, Read more …
On Tuesday, August 1st at 4 AM (UTC), what many are describing as an altcoin will fork off from the main Bitcoin network. August 1st is also the scheduled activation of BIP 148, also known as the User Activated Soft Fork (UASF). The new, forking coin, Bitcoin Cash, will launch as a so-called User Activated Hard Fork (UAHF) – in reality; a Miner Activated Hard Fork. All Bitcoin (BTC) holders will receive an amount in Bitcoin cash equivalent their Bitcoin Read more …