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Miners Hard at Work To Keep Bitcoin Above $6.5k

The volatility of Bitcoin over the past few years has been nothing short of astounding. We’ve seen the lows of December 2018 and the highs od December 2017. Today, we are seeing what some people predict to be the start of the next bull run as the Bitcoin price has just recovered from its drop below $10k and is now trading at around $10.5k at the time of writing.  Some investors are very bullish on the leading cryptocurrency with some saying that a return to $20k could happen by the end of the year as the network block reward halving...

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Bitcoin (BTC) Stays Strong Above 50 Day EMA, Significant Further Upside Likely

Bitcoin (BTC) stays strong above the 50 Day EMA. Despite recent attempts to pull BTC/USD below the 21 Day EMA, we see significant strength in the market. The bulls are not ready to cede control and the bears are not determined to bet heavy on a decline from here now that the price has closed above the 50 Day EMA. Bitcoin (BTC) has started the day in red as it retraced from the 21 Day EMA like we expected. We could see it fall even further but the most likely scenario is that it is going to start rising before...

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Regulatory Legislations Push Market Forward

Anyone with a stake in the cryptocurrency market has at least some awareness of the current regulatory climate. For one thing, regulatory changes are in the news on a seemingly continuous basis. In the United States, the Securities and Exchange Commission (SEC) is leading the charge. It all started in December 2017, when SEC Chairman Jay Clayton issued the Official Statement on Cryptocurrencies and Initial Coin Offerings. In this particular case, really the first time the SEC took an official position, it was basically too little too late. The December 2017 brief was largely a response to the 2017 ICO...

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Bitcoin Shocks Investors As Unexpected Surge Sends BTC Over $10k Once More

Not long after Bitcoin sunk below the $10k key resistance level was it back up soaring to five figures. Yesterday afternoon we saw bitcoin make an astounding bull run which took its price from $9,400 to $10,600 in just minutes.  Specifically, the market moved by $800 in just four minutes, at least that’s according to the analyst Alex Kruger who took to Twitter to say this. $BTC just moved +9% in 4 minutes. — Alex Krüger (@krugermacro) July 18, 2019 So if you were ever unsure about cryptocurrency being volatile, here is your evidence.  This rally was totally out of...

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Tom Lee Expresses Fear On Whether Trump will Ban Bitcoin

Fundstrat’s Tom Lee has shared his biggest fear on Twitter recently which involved the Presidents ban on Bitcoin. With the hearings regarding the upcoming Facebook cryptocurrency, Libra finishing up, members of the Trump administration have moved their concentration onto Bitcoin and cryptocurrency as an asset. Both hearings saw several regulators openly voice their opinion that Libra should never be allowed to launch. Even more in regards to the United States Treasury Secretary Steven Mnuchin made media noise when he told CNBC’s Squawk Box segment that the government intends to bring in some very strict regulations on cryptocurrencies to ensure they...

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