Data from Google Trends’ search analytics resource indicates that internet googling of ‘bitcoin’ is approaching a monthly high
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Data from Google Trends’ search analytics resource indicates that internet googling of ‘bitcoin’ is approaching a monthly high
On June 21, the price of bitcoin core (BTC) crossed the $ 10,000 mark for the first time since March 08, 2018. At the moment BTC has a $ 180 billion dollar market capitalization as the cryptocurrency gathered more than 166% over the last six months.
Also read: These Are 2019’s Biggest Cryptocurrency Winners and Losers so Far
Tyler Winklevoss, the co-founder of crypto exchange Gemini and notable Bitcoin (BTC) billionaire, recently delivered a lofty price prediction for the leading digital currency. In a tweet posted on Wednesday, Winklevoss emphasized that if Bitcoin breaks the psychological resistance at $ 10,000, it will definitely move on to break $ 15,000. If bitcoin breaks 10k, you can […]
SludgeFeed
Over the last two days, Bitcoin Cash (BCH) supporters have noticed a Twitter handle called @Bitcoininfo tipping a bunch of random individuals and nonprofit organizations significant amounts of BCH. The Twitter profile with 107,000 followers revealed on April 26 that it gave away $ 10,000 in BCH using the tipping bot Tippr.
Also read: Researchers Find Hundreds of Ethereum Wallets at Risk Due to Weak Key Pairs
Controversial cryptocurrency payment provider BitPay appeared to back Bitcoin over altcoins this week as its CCO told mainstream media the ICO token market was “in a lot of trouble.”
Speaking to Bloomberg in an interview that also featured regular commentator Joe Weisenthal, Sonny Singh focused heavily on Bitcoin as the cryptoasset, which had a chance of upside while remaining silent on major altcoins such as Ether (ETH) 00.
“It’s hard to say [if this is the bottom],” he said about the current state of the market.
Bitcoin is reporting losses today but only a break below $ 8,650 would signal a bull-to-bear trend change.
CoinDesk
Will Bitcoin bore traders with a second day of sideways trading or are we bracing for the long-awaited breakout over $ 10k?
Bitcoin and other cryptocurrencies have ascended at a steady pace over the last 3 weeks and it appears that Bitcoin has developed an impressive immunity against the usual correction triggers of tax selling, regulatory fears, exchange hacks and other FUD that have plagued crypto-markets since Q1 2018. In fact, at the moment there appears that positive cryptocurrency stories outweigh the negatives.
Having rallied more than 50 percent this month, bitcoin is today witnessing pullback.
CoinDesk
Bitcoin is looking bullish today, but must leap several resistance hurdles on the way to $ 10,000, chart analysis suggests.
CoinDesk
At press time, bitcoin is trading for approximately $ 9,130 following a long week of volatility exploits and price drops. The cryptocurrency has been experiencing massive swings between the $ 8,900 and $ 9,500 range, and it’s unclear if or when bitcoin will decide to settle before another respective run.
Just over a week ago, bitcoin was trading for approximately $ 11,200, though drops have likely occurred thanks to ongoing regulatory tactics. Currently, China’s IT Ministry is set to implement “official” blockchain standards. While the country has shown it’s not for a solid ban on cryptocurrencies altogether, it has taken stances against unregulated or energy-consuming activity. To limit mining, for example, China has reduced the amount of electricity originally made available to miners. It has also blocked cryptocurrency exchanges on social media, and even censored them on applications like WeChat.
Bitcoin remains on track to re-test $ 10,000 and possibly break higher – as long as prices hold above $ 8,300.
CoinDesk
Bitcoin has moved back up to the $ 10,000 mark, but the technical recovery will likely be short-lived, according to the technical charts.
CoinDesk
Bitcoin price dropped below $ 10,000 again Thursday as analysis warns traders to prepare for “FUD” from detractors.
Data from Bitstamp showed a sudden $ 500 dip over three hours, taking Bitcoin from around $ 10,300 to current lows of $ 9677.
Having traded as high as $ 11,762 this week, markets appeared to encounter a lack of support closer to $ 12,000 Wednesday, creating a rapid drop and reversing gains which began around February 17.
“We’re seeing some weakness; this is not good,” analyst Tone Vays told viewers during a Bitcoin weekly chart performance analysis Thursday.
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