Last week, Bitcoin remained under pressure. On Friday, the price of digital gold even fell below the psychological level of USD 30,000. Interestingly, this price drop coincided with the publication of a report from BitMEX Research suggesting that a critical flaw called "double spend" had occurred in the Bitcoin blockchain: Source: Twitter Doubl...
Last week, many institutional investors announced very positive price targets for Bitcoin and cryptocurrency in general. In an interview on CNBC, Guggenheim Partners investment director Scott Minerd confirmed once again his long-term forecast for Bitcoin's growth to $400,000. Dan Morehead, CEO of cryptocurrency hedge fund Pantera Capital, said t...
Last week, Bitcoin set a new all-time high by surpassing the psychological level of $41,000 per digital coin. Because of this, Tesla and SpaceX founder Elon Musk (who has recently become the world's richest person, as his net worth crossed $185 billion) admitted he didn't mind getting paid in Bitcoin. Source: Twitter Therefore it seems that the...
Last week a few crypto exchanges announced that they would delist some of the so-called privacy coins such as Monero, Dash, and Zcash. For example, Bittrex warned its customers that it would remove these cryptocurrencies on January 15th: Source: Twitter The reason behind the decision to delist the privacy coins is still unclear; some cryptocurr...
Last week the US Securities and Exchange Commission (SEC) accused Ripple of selling unregistered securities. On December 22, SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen: Source: Twitter According to the agency, for seven years, the company had sold unregistered securities to retail investors in the for...
Last week, on December 16th, Bitcoin recorded another long-awaited, historical event – the price of the cryptocurrency surpassed the psychological level of $20,000 per one digital coin. Moreover, in the subsequent days, BTC managed to reach even the level of $24,000 per one digital coin, therefore, significantly exceeding the old all-time high (...
Abigail Johnson, CEO of Fidelity Investments (one of the largest asset managers in the world with over $3 trillion in assets under management), stated in a recent interview for Barron's that the cryptocurrency industry is finally starting to grow. She also highlighted that their Bitcoin storage services had been incredibly successful because the...
Last week the price of Bitcoin was stubbornly consolidating near the level of $19,000 per one digital coin. There were also a couple of attempts to reach the long-awaited psychological level of $20,000; however, all of them turned out to be unsuccessful. Therefore, the recent Bitcoin rally has been put on pause. Glassnode, one of the most famous...
Bitcoin recorded another extremely positive week from a price perspective. On Nov 25, the price of the cryptocurrency reached $19,500 (€16,400), which was just approximately $500 (€480) below the all-time high (ATH) from December 2017. This event intensified the optimism among cryptocurrency enthusiasts because Bitcoin proved to be an asset that...
The crypto market has just recorded another exceptionally positive week. The price of Bitcoin has approached the psychological level of $19,000 per one digital coin, which is very close to the all-time high from December 2017. That is why the crypto community has become very bullish, and multiple remarkably optimistic Bitcoin price predictions h...