Category: Bitcoin

Bitcoin has managed to stay above $8,000 for sometime.  Can it break above $9,000? Bitcoin is struggling with the regulatory problems.   This time, it came from the U.K.  Seven of the largest cryptocurrency companies have come together and formed a self-regulatory body in the U.K.  This is good news.  Last Tuesday, the Senate Banking Committee hearing… Continue reading Bitcoin Range Bound Remains the Theme

Bitcoin is still holding above $8,000 after falling below $6000 2 days ago. The latest from India was any gain from the Bitcoin trading would be taxable.  That’s actually not bad news. On Tuesday, the Senate Banking Committee hearing called for greater consumer protection for the cryptocurrency trading.

Bitcoin rose above $8,000 after falling below $6000 yesterday. The Senate Banking Committee hearing on Tuesday regarding the virtual currencies delivered a much needed positive message to the market – greater consumer protection and no outright ban on the cryptocurrency trading. Bitcoin enjoyed a $2,000+ gain on the news. Yesterday, Dr. Doom predicted that Bitcoin… Continue reading Bitcoin Rises after the Good News from the Senate Banking Committee Hearing

Overnight, during the Asian session, Bitcoin fell below $6,000. Right now, there is no good news out there to give people any reason to buy the cryptocurrencies.  Banks are coming forward and forbidding their customers to use their credit cards to buy any cryptocurrency.  Many authorities are saying the cryptocurrencies are a huge bubble to… Continue reading Dr. Doom Says Bitcoin Will Crash to ZERO

Bitcoin continued its relentless decline on Monday to a new 2-month low of $7,200. Fundamentally, the negative sentiment continued to worsen. India is considering whether to ban on the cryptocurrencies.    Bitfinex was accused to have used Tether to manipulate the Bitcoin prices.   South Korea implemented new rules to ban any anonymous trading account of… Continue reading Bitcoin’s Bloodbath and Nightmare Continued

Bitcoin fell as low as $8,400. More worries about the increased regulation in India and the potential price manipulation at Bitfinex exacerbated the decline today.  Bitcoin’s prices could have been artificially inflated because of something called, Tether. In December, the Commodities and Futures Trading Commission (CFTC) issued a subpoena to Bitfinex, one of the largest… Continue reading Bitcoin Hammered by Negative News from India and Tether

Yesterday, the Bitcoin closed just below the $10,000 at $9,995.  Today, it has been dancing around the $10,000 level without very much movement. Bitcoin, and other cryptocurrencies, have suffered from negative news since late December.  The negative sentiment weighed heavily on their prices.  South Korea implemented new rules to ban any anonymous trading account of… Continue reading Facebook, Microsoft, Stripe, and Buffett Show No Love for Bitcoin but Square Disagrees

Bitcoin is barely hanging above the $10,000 mark as the sentiment remained negative on the cryptocurrencies. Bitcoin plunges 12 percent earlier to $9,817 as the uncertainty around Bitcoin’s ability to improve transaction efficiency and reduce the transaction costs.  There was no significant driver behind today’s drop.  However, South Korea did confirm that the ban on… Continue reading Bitcoin Continued the Descend amid Negative Sentiment

Bitcoin is drifting around the $11,000 mark as the latest news continued to be negative on the cryptocurrency. Bitcoin, at first, was seen as a new way to make fast and cheap payments online.  That concept has changed.  People are now interested in trading Bitcoin and other cryptocurrencies.  CME and CBOE both introduced their futures… Continue reading Bitcoin in Tight Trading Range, but What’s Next?

Bitcoin is drifting around the $11,000 mark. Stripe.com CEO said the company would not accept Bitcoin as a form of payment.  Stripe, an Irish technology company, said it would become the first major online payments platform to accept Bitcoin on its payment platform 4 years ago.  It is ditching the idea now. The company said… Continue reading Stripe Officially Ditched Bitcoin