BTC – The Cryptocurrency Network

Bitcoin (BTC) Price Falls Below $8,000 On Panic Selling

June 4, 2019 adminBitcoin, BTC, Falls, Panic, Price, Selling0 comment

Bitcoin (BTC) is pulling lower after doubling in value following a massive surge from 2018 lows. The flagship cryptocurrency remains under immense bearish pressure after a 130% plus rally since the start of the year. Bitcoin Price Analysis A rally past the $8,000 mark had for the first time, in months, reinvigorated investor interest on cryptocurrencies, as it came after a harrowing plunge in 2018. A 14% plus drop has since taken the cryptocurrency back to the $7,700 level, waiting to see if short sellers have what it takes to…

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Binance Hack | Hackers Make Off With $40 Million in BTC

May 8, 2019 adminBinance, BTC, Hack, Hackers, Million0 comment

According to Bloomberg, major cryptocurrency exchange Binance has suffered another hack. This time the hackers withdrew 7,000 Bitcoin, which values approximately $40 million USD. This is the second major breach the exchange has faced, the first being an incident in March 2018. A notorious issue in the crypto-space, hacks have claimed $1.7 billion USD in 2018 alone. Binance Hack Via a post on its website, the exchange said that the hack occurred through a single transaction in a “large scale security breach.” It furthered that the hackers used a “variety…

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Bitcoin Price | Analysts Indicate BTC Could Drop to $4,000

April 30, 2019 adminAnalysts, Bitcoin, BTC, Drop, Price0 comment

Most analysts and investors viewed the recent reaction of Bitcoin price to the Bitfinex/Tether controversy as an indication of improving fundamental strength. According to one analyst, it may be too early to celebrate yet as Bitcoin price is likely to drop into the $4,000 region before gaining any significant support that will allow it to continue with the momentum of growth. Tether/Bitfinex Controversy Traders and investors are expected to be ready for this bearish possibility, but analysts have pointed to a long-term trend line that demonstrates how Bitcoin price is…

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Bitcoin Price | BTC Extends Rally On Strong Momentum, Now What?

April 3, 2019 adminBitcoin, BTC, Extends, Momentum, Price, Rally, Strong0 comment

Bitcoin price is going up again on Wednesday, extending Tuesday’s monster rally of over 15%. Early Tuesday morning, BTC ballooned to about $5,080, breaking its long-term resistance level of $4,200. For months now since its infamous crash last year, BTC has struggled to surpass the $4,200 mark, and this begs the question as to whether the cryptocurrency pack leader is en route to its former glory. At the time of writing, Bitcoin price is trading at $5,060, up 4.86%. Is It a Steady Rally? It is not clear what might…

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Weiss Cryptocurrency Ratings Places XRP, EOS, BTC, and BNB on Top

March 28, 2019 adminBNB, BTC, Cryptocurrency, EOS, Places, Ratings, Top, Weiss, XRP0 comment

Weiss Cryptocurrency Ratings released its March 2019 “Weiss Cryptocurrency Outlook” report, with Ripple (XRP), EOS, Bitcoin (BTC), and Binance Coin (BNB) receiving the top four spots on the list of 122 cryptocurrencies. Weiss Ratings is the world’s only financial rating agency that provides grades on cryptocurrencies. The report, which is called “Dark Shadows with a Bright Future,” examines the cryptocurrencies available on the market using two factors—the tech/adoption grade for long-term investors and the risk/reward grade based on short-term factors. Of the 122 cryptocurrencies examined in the report, XRP, EOS, Bitcoin,…

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Bitcoin Price Drop | BTC Loses $400 in Just 30 Minutes

February 26, 2019 adminBitcoin, BTC, Drop, Loses, Minutes, Price0 comment

It was looking so promising for Bitcoin price last week. The largest coin by market cap surged passed the $4,000 USD mark, only to crash back down on Sunday, February 24th. Bitcoin Price Drop Bitcoin dropped a huge $400 USD in just 30 minutes, declining 10% from $4,150 to roughly $3,805 in a short space of time. There was no catalyst for the sudden drop, except for investors taking their profits while they can. $4,180 was a six-week high for the coin, and while the price has dropped, daily volumes…

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Bitcoin (BTC) up Nearly 20% in 48 Hours

November 29, 2018 adminBitcoin, BTC, Hours0 comment

Bitcoin (BTC) made a rather dramatic comeback just 48 hours ago. At press time, the world’s first digital currency is currently trading above $4,300. The entire crypto community is buzzing, as most altcoins have followed BTC’s upward movements. Bitcoin (BTC) Comeback The cryptocurrency community took a huge hit in mid-November when Bitcoin Cash miners started a hash war. Investors lost confidence in the maturity of the community, as the war dragged out after Bitcoin Cash split in two. On one side was Roger Ver, CEO of Bitcoin.com, who led the…

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Bitcoin Futures | Nasdaq Claims BTC Futures Contracts are Still Coming

November 27, 2018 adminBitcoin, BTC, Claims, Coming, Contracts, Futures, Nasdaq0 comment

Nasdaq Inc. is still planning to launch its Bitcoin futures early next year, Bloomberg reported early this morning. Two individuals familiar with the Bitcoin project told Benjamin Bain, a reporter at Bloomberg, that despite the downturned market the index still plans on offering these contracts. Bitcoin Futures Bitcoin (BTC) has plunged nearly -75% since the beginning of the year and interest in digital currencies has dramatically decreased. Still, the Wall Street exchange feels there is enough investor interest to continue its plans. One of the individuals at Nasdaq told Bloomberg…

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Bitcoin (BTC) Crash Causes Crypto Mining Closures and Bankruptcy

November 23, 2018 adminBankruptcy, Bitcoin, BTC, Closures, Crash, Crypto, Mining0 comment

Back in 2017, Bitcoin (BTC) and cryptocurrency took the spotlight in the media as investors and Wall Street began to take notice of digital currencies and the blockchain. Many executives in the major global banks shot down digital currencies almost immediately, as Bitcoin was a direct threat to their existence. See, Bitcoin was created to expose the currently flawed central banking system and to completely revamp the way individuals spend and send money. It remains unknown why crypto began to pick up speed towards the second half of 2017, but…

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Bitcoin (BTC) | Tom Lee Sticks by His $15,000 Price Prediction

November 21, 2018 adminBitcoin, BTC, Lee, Prediction, Price, Sticks, Tom0 comment

Tom Lee, the long-standing Wall Street crypto bull, is sticking to his $15,000 year-end price prediction for Bitcoin (BTC). The Fundstrat Global Advisor voiced his prediction on CNBC’s ‘Squawk Box’ yesterday. Tom Lee and Bitcoin (BTC) Bitcoin just recently fell to its lowest levels in more than a year yesterday, but Lee remains convinced. Originally, Lee cut his Bitcoin year-end prediction by $10,000—from $25,000 to $15,000. “Days like this, it does make me wonder,” said Lee to CNBC. “These past few days have definitely been a negative development.” The Fundstrat advisor…