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…

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,…

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…