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Bitcoin (BTC) Is Near The Beginning Of The End Of Its Bearish Cycle

In an interesting attempt to retest the downtrend line, Bitcoin shot up from near $8200 to $8500s in less than an hour. The chart above is based on the logarithmic scale for Bitcoin which has yet to be broken. A lot of new investors assume that we have already broken the downtrend line and Bitcoin (BTC) is now in the clear but this is far from the truth. For volatile assets like cryptocurrencies, a logarithmic scale is preferred by seasoned investors. It is easy to FOMO in when you already think the downtrend line is broken and Bitcoin is probably...

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Is It Just Too Late To Back Bitcoin?

Just as Bitcoin is slowly starting to pick up once again, it has faced a new type of backlash. The bulls are very much back with a vengeance, but the worry is that it is just too late to catch the wave of Bitcoin, Ethereum and Cardano. Despite its rather poor appearance this year, Bitcoin has picked up very slightly over the last week, and is still trading at over $8,000, which is up 14.63% over this last week. As Bitcoin is the top and number one cryptocurrency in terms of market capitalisation, it is not unsurprising that the rest...

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Bitcoin (BTC) Could Reverse Exuberant Ripple (XRP) And Stellar (XLM) Gains

Bitcoin (BTC) has been indecisive for quite some time now as bulls and bears both seem to have backed out of the fight. Meanwhile, coins like Ripple (XRP) and Stellar (XLM) have made impressive gains as investors have been waiting to jump on board at such low prices. This excitement has resulted in exuberant rallies over the last few days. Ripple (XRP) is up 6% in the last 24 hours whereas Stellar Lumens (XLM) is up twice the size at more than 10% in the last 24 hours! Coins like Stellar have seen rapid price boosts in the past few...

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How Bitcoin Heist Suspect Managed To Flee On Icelandic Prime Ministers Plane

It has been reported that the suspect who was reported to have been involved in a huge Bitcoin heist has reportedly escaped prison and fled to Sweden on the same plane that was also carrying the Icelandic prime minister. Sindri Thor Stefansson was the alleged mastermind behind the theft of 600 computers used to mine Bitcoin in Iceland. A crime he was sent to prison for. It has been reported that he escaped through the window of the low-security prison in rural southern Iceland where he was being held, before he boarded a flight to Sweden, that left from the...

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Bitcoin Is Still Considered A Crime In These Countries

Bitcoin was the first and the largest cryptocurrency, and was set up with the aim of replacing conventional currency. This has not completely happened, and although it has been accepted in more and more places now, becoming a viable payment option, you might be surprised to hear that it is actually still illegal in some countries. These are largely third-world nations, which are known to have struggling economics. Bitcoin nodes have been distributed throughout the whole world, which has formed a huge decentralised network without a central point of failure. This means that no government can close the whole Bitcoin...

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