Analyses Bitcoin - Technical Analysis - Mon, Dec 23, 2019

On Tuesday, December 17, Fidelity Investments, one of the world’s leading multinational financial services corporations, announced that it is establishing a new entity to offer financial products and services to European institutions interested in investing in digital assets, such as Bitcoin: Source: Twitter The cryptocurrency community welcome...

Analyses Bitcoin - Technical Analysis - Mon, Dec 16, 2019

On Wednesday, December 11, the Federal Reserve left the interest rates unchanged in the 1.5%-1.75% range as expected and indicated that the loose monetary policy in historical terms will continue throughout 2020. On the next day, the Governing Council of the European Central Bank made a decision to continue the accommodative monetary policy as w...

Bitvalex Academy Upcoming mining reward halving and the BTC price boom

Apart from confirming transactions on the Bitcoin blockchain network, Bitcoin miners help in generating new Bitcoins. A miner is usually rewarded with new Bitcoins every 10 minutes.  The number of Bitcoins that the miner is rewarded with, which is referred to as the Bitcoin reward per block, normally reduces by half every 210,000 blocks. Average...

Analyses What could be happening to Bitcoin? BTC plunged more than $1,700 on Friday

On May 17, 2019, at about 10:30 UTC, Bitcoin (BTC) saw one of the greatest declines in prices ever in history. BTC nosedived by about $1,702. This is the largest drop since January 2018. The price of BTC dropped from $7,880 to $6,178 causing some crypto exchanges like BitMEX to liquidate orders. BitMEX is reported to have liquidated about $250 m...