Hot Topics

Advertisement

Advertisement

Positive Weekend Passes As Bitcoin Nears $10,000

We wake this morning with more positive news from the cryptocurrency universe, the crypto-gods really have done us a favour this weekend, that’s for sure. After an easy week of regular gains and solid maintenance, Bitcoin has truly proved it’s worth and maintained a significant value of over $8,000. Just a few weeks ago, Bitcoin did struggle to tip $7,000, however after a great week, off the back of a small market surge, Bitcoin is creeping up to $9,000 as the ever elusive $10,000 target gets closer by the day. Let’s briefly review exactly how Bitcoin has performed over the...

Read More

Forget Bitcoin; You Should Be Looking At These Cryptocurrencies

Although Bitcoin is slowly starting to pick up again, and experts are still predicting big things for the cryptocurrency, it is safe to say that it has not had the best start to the year at all. Despite the fantastic performance it put in at the end of last year, it sadly has not been the same story this year at all. So, if you are looking for something else to invest in, fear not. It’s time for Bitcoin to move over, because there are six more cryptocurrencies waiting in the side lines, that have all been tipped for success....

Read More

Why ‘Whales’ Can Determine The Price Of Bitcoin

To begin, we must clarify just what the term ‘whale’ is referring to. In the case of cryptocurrencies, it refers to someone with a lot of money, who is in the position to buy or sell in large volumes, which can dramatically move the market. Because, in the grand scheme of things, the cryptocurrency market is actually relatively small – it has a total market capital of approximately $350 billion – this means that there are some investors who have the ability to drastically affect the price of one cryptocurrency; such as Bitcoin. It is important to be aware of...

Read More

Bitcoin, $8,000 And Beyond, Will It See $6,000 Ever Again?

Bitcoin has made impressive gains over the past week. During the mid-April market boom, Bitcoin really led the way and proved its worth, jumping up by almost $1,000 in a matter of minutes. As Bitcoin is known to be a bit of a trend setter, this surge really set the rest of the markets off. A couple of weeks ago, we spoke about why Bitcoin was struggling to breach $7,000. It was an almost endless game of cat and mouse, constantly chasing the tail of Bitcoin to see if it would ever get past the $7,000 mark. Much to the...

Read More

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...

Read More