Experts Weigh In on This Week’s 10% Bitcoin Price Spike

This week brought a small reprisal for bitcoin price and the broader cryptocurrency market as it witnessed $20 billion added to its total market cap by late Tuesday. This was also reflected by an approximate 10% gain for BTC alone; so what was behind the rise? In somewhat atypical fashion, the week started on a […]

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Bitcoin Price Breaks $10,000, Supercharged by China’s Soaring Forex Appetite

Bitcoin gained momentum to continue a recent winning streak as the Chinese Yuan dropped to its weakest level in more than a decade. The benchmark cryptoasset accelerated its early morning advance with a 1.14 percent gain, adding up to 12.44 percent since August 30 low of $9,337. The upside move also brought bitcoin’s market capitalization […]

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$9,100: Thailand’s Biggest Crypto Exchange Shutters, Crashing Bitcoin Price

By CCN Markets: BX Thailand, also known as BX.in.th and Bitcoin Co. Ltd., the largest bitcoin exchange in Thailand according to data published by CoinGecko, has announced it is shutting down its cryptocurrency trading platform by September 30. “Bitcoin Co. Ltd. has decided to discontinue offering digital exchange services and wallet services at our BX.in.th […]

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Will Bitcoin’s Looming Halving Ignite a Recovery Before 2020?

By CCN Markets: Every four years, the Bitcoin network executed a block reward halving, which reduces the rate at which new coins are introduced to the network by 50%. Historically, block reward halvings have led the dominant cryptocurrency to experience large extended rallies. Based on data provided by one cryptocurrency analyst, block reward halvings in […]

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This Bitcoin Price Dump Isn’t Over – Not Even Close

By CCN Markets: The bitcoin price suffered a massive setback on August 28th, crashing through support at $10,000 before testing the low $9,000s. We warned that this dump would eventually happen, and unfortunately for bulls, technical analysis reveals that the pain isn’t over yet – not even close. Bitcoin Price Technical Analysis Reveals Bearish Outlook […]

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