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…
Category: Bitcoin
Bitcoin Trading
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Bitcoin Hammered by Negative News from India and Tether
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…
Facebook, Microsoft, Stripe, and Buffett Show No Love for Bitcoin but Square Disagrees
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…
Bitcoin Continued the Descend amid Negative Sentiment
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…
Bitcoin in Tight Trading Range, but What’s Next?
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…