Blockchain 

Bitcoin (BTC) Soars 10% on Strong Momentum

HomeNewsBitcoin NewsBitcoin (BTC) Soars 10% on Strong Momentum: A Change Coming? The coronavirus pandemic has had a highly damaging effect on the capital markets, and eventually, the effect was felt in other asset classes like cryptocurrencies as well. While this did affect the world’s biggest cryptocurrency, Bitcoin has made a remarkable recovery over the past 24 hours. BTC gained 10% in the last 24 hours, and the total value of the entire crypto market soared by $14 billion. Bitcoin was trading at $6,580 this morning in Singapore, and it seems…

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Bitcoin 

Is Bitcoin (BTC) a Buy After the Recent Market Sell-Off?

The coronavirus pandemic has resulted in massive turmoil in stock markets across the world, and almost all asset classes have suffered due to the deep selloff over the past few days. The same has been the case with Bitcoin, the world’s biggest cryptocurrency by market cap, and over the past weeks, its price has declined quite dramatically. The cryptocurrency started off 2020 on a positive note, surging at a promising rate. However, over the past few weeks, it has tanked by 50%. Hedge Against Recession? One of the most important…

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Ethereum 

Bitcoin (BTC) Drops Below $5K Despite US Fed Slashing Interest Rates

The outbreak of the coronavirus has had a significant impact on markets, and cryptocurrencies have not been spared either. Over the weekend, the US Federal Reserve was forced to slash interest rates to almost zero, but that didn’t help Bitcoin (BTC), which dropped below $5,000. Bitcoin (BTC) Drops Below $5,000 The largest crypto by market cap plunged below $5,000 on Tuesday as the European session got underway. After it breached the psychological milestone, it almost came close to dropping past $4,500, having shed 16% in a day. Similarly, other cryptocurrencies…

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Ethereum 

How Could Bitcoin Halving Could Affect BTC Price in the Near-Term?

Bitcoin (BTC) is trading below the $8,000 level just two months before its anticipated halving in May. However, over the past few weeks, markets have been crashing because of the coronavirus outbreak and investors have been cashing out on their digital assets, including Bitcoin. Will this impact the effect of the halving? Upcoming Halving Might Impact BTC Price Negatively Based on the current market outlook, there is a possibility that the May 2020 halving might have a negative effect on BTC price. In the 2012 and 2016 halving events, BTC…

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Ethereum 

Bitcoin (BTC) Soars to 4-Month High, Crosses $10K Mark

At this time last year, Bitcoin was in the middle of a rollicking rally, and the situation seems to have panned out in the same way in 2020. In a development that will come as a big boost for those who have invested in the world’s biggest cryptocurrency, BTC reached its highest level since October on February 9. The token is back above the level of $10,000, and it remains to be seen if it can go on a similar rally like last year. It should be noted that $10,000…

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Bitcoin 

Bitcoin (BTC) Soars Above $8K Mark on Geopolitical Concerns

One of the most remarkable events in the crypto space took place in the first half of 2019 when Bitcoin (BTC) went on a remarkable rally that almost mirrored the rally from 2017. However, the rally soon fizzled out, and it has been a bit of a rollercoaster ride for the world’s biggest cryptocurrency by market cap. That being said, BTC has managed to make a remarkable comeback in 2020, and today it breached the psychologically important level of $8,000. It should also be noted that the token hit its…

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Blockchain 

Bitcoin (BTC) Suddenly Tumbles Below $7K Mark

The first six months of the year were a remarkable time for the crypto space, as Bitcoin (BTC) went on a rally that was reminiscent of the one that had taken place in 2017. However, times have proven to be a lot tougher since then, and over the past few weeks, the world’s biggest cryptocurrency has experienced plenty of turbulence. In a new development that will likely create more panic among BTC traders, there was a massive selloff in the crypto market. Consequently, the BTC price crashed as well and…

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Blockchain 

Bitcoin ETF’s | The Potential Launch Could Create a BTC Rally

The launch of Bitcoin ETF’s could drive Bitcoin (BTC) price higher. Although the SEC has previously denied permitting Bitcoin ETF trading, two asset management firms have collectively submitted a new application to introduce regulated Bitcoin ETF’s (Exchange-Traded Funds). SolidX Management LLC and New York-based asset manager Van Eck Associates Corp said their new product would cover all the concerns that the SEC has highlighted in their previous denial. “I believe that Bitcoin has emerged as a legitimate investment option, as a type of ‘digital gold’ that may make sense for…

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Blockchain 

Bitcoin (BTC) and Ethereum (ETH) Plummet Due to Coinrail Hack ‘FUD’

Bitcoin (BTC) and Ethereum (ETH) Plummet – Over the weekend, $42 billion was wiped off the cryptocurrency market as FUD spread over a small North Korean exchange hack. Coinrail announced the hack via their website calling it “system maintenance.” The small Korean exchange stated that these hackers stole up to 30% of the digital tokens in its storage. Coinrail confirmed that the remaining 70% had been safely moved to a cold wallet and remain unharmed. A newly launched Pundi X (NPXS) makes up nearly two-thirds of the exchanges trading volume,…

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Blockchain 

Slim Chance of Bitcoin (BTC) Hitting $20,000 USD By End of Year

There is only a 7% chance that Bitcoin will surpass the $20,000 USD valuation milestone by the end of 2019, according to data published by Skew. It’s been a pretty hectic year for BTC, which has seen its value swing from around the $3,800 USD mark at the beginning of the year to as high as nearly $13,000 USD in July. The summer months have seen the wildest fluctuations, with valuation jumping over 20% in the space of a few days. The $10,000 USD mark is seen as a major…

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