Blockchain 

Bitcoin Price Experiences Second Largest 24-Hour Drop of 2019

Bitcoin price has suffered its second-largest drop in a 24-hour period in 2019. Currently, the price is approximately $9,632 USD per coin, but across the day, its movement has been constant. The world’s largest cryptocurrency by market value closed yesterday at $9,412.81 on Bitstamp; down 13.25% from its opening price of $10,848. This is the second-largest single-day drop for the coin in 2019. The first was a 13.67% drop that occurred on June 27th. Bitcoin Price Drop Speculation for why the drop has occurred is rife. Many are citing the growing calls…

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Blockchain 

Bitcoin (BTC) Slumps 27% This Month

One of the biggest stories of the year has been the roaring comeback made by Bitcoin after it went through a disappointing year in 2018. Throughout the first half of the year, the cryptocurrency made hefty gains. However, the month of July has been a bit of a bumpy ride for Bitcoin as a range of factors has affected the price. The past week has been particularly painful for the cryptocurrency. Over the course of the past seven days, the cryptocurrency has slumped by as much as 27%, and now,…

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Blockchain 

Trump Attacks Bitcoin | Is the Digital Coin Immune to His Influence?

When President Donald Trump attacks Bitcoin, what do you expect happens? The coin’s price falls, right? Maybe not so. Last week, Trump attacked Bitcoin on Twitter, and that same day, the coin’s price climbed a little further. Okay, it didn’t exactly shoot for the moon, but it did prove its resilience by climbing and not tanking. The next day, however, the coin began to fall. Trump Attacks Bitcoin But this is interesting because usually when Trump attacks any market or business, the market reacts negatively instantly—such is his power. We’ve seen…

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Blockchain 

Bitcoin Could Rebound if Facebook’s Libra Hearing Goes Well

2019 has been an excellent year for Bitcoin (BTC) after the poor year in 2018 had instigated many to write off the cryptocurrency, and by extension, the crypto space altogether. The cryptocurrency went on a highly impressive run this year and almost replicated the sort of rally that it had enjoyed back in 2017. However, the past few weeks have not been particularly great for a variety of reasons, but the biggest issue is the one related to Facebook’s cryptocurrency Libra. The company’s plans to launch its own cryptocurrency at…

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Blockchain 

Bitcoin Tumbles Below $10K Mark as Crypto Market Turns Bearish

The crypto market had an excellent first half of the year with an impressively strong run, led by Bitcoin (BTC) and some altcoins. However, the month of July has brought with it its fair share of chaos and prices have fluctuated wildly. Today, the crypto market lost a significant portion of its value, falling below $300 billion, as both Bitcoin and many altcoins plunged on the various exchanges across the world. The total loss of valuation was $22 billion at one point, and experts believe it could continue. Bitcoin Breaks Below…

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Blockchain 

Bitcoin (BTC) Takes a Hit

The cryptocurrency space may have been having a great time this year so far as Bitcoin started on one of its strongest bull runs since 2017 and other crypto tokens gained as well. However, it needs to be kept in mind that there are a lot of things that can disrupt the crypto space and perhaps the biggest disruption was Facebook’s recent announcement that it was going to launch its own cryptocurrency. While that was a disruptive development on its own, nothing perhaps readied the crypto sphere for an attack…

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Blockchain 

Litecoin (LTC) and Bitcoin Cash (BCH) Tumble on Massive Crypto Sell-Off

As the broader crypto markets are witnessing a big correction, two popular cryptocurrencies Litecoin (LTC) and Bitcoin Cash (BCH) are among the top losers. Litecoin Cracks This has been an excellent year for Bitcoin and cryptocurrencies by and large, due to the incredible bull run that has been seen this year so far. Due to the surge in the price of Bitcoin over the past months, altcoins have also gained considerably, but one of the altcoins that has not had a great time as of late is Litecoin. However, that could…

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Blockchain 

Bitcoin (BTC) Finds the Hurdle Again, Plunges 12% Quickly

Bitcoin (BTC) has been in the middle of a rollicking bull run for 2019 so far, and the virtual currency has managed to touch levels that would not have been thought possible last year. However, the announcement from Facebook about the launch of its own cryptocurrency Libra proved to be a new disruption of sorts in the cryptocurrency space. While many thought that Libra was going to end up as the major competitor against many digital currencies currently in existence, it now seems that it could be in a bit…

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Blockchain 

Altcoins Join the Bitcoin Rally

Bitcoin (BTC) has been on an astonishing run this year that has almost mirrored the astonishing rally back in 2017 when the cryptocurrency touched almost $20,000 per token. However, earlier on in July, the cryptocurrency experienced declines and went below the $10,000 level. Altcoins Moving Up However, that seems to be a thing of the past now as the coin has regained its gains and is soaring again on the back of excellent momentum. In addition to that, due to the surge experienced by Bitcoin, other cryptocurrencies like Ethereum (ETH),…

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Blockchain 

Does Bitcoin Breakout Signal More Rallies to Come Later this Year?

When Bitcoin (BTC) went through a disappointing year in 2018, following the astonishing bull run at the end of 2017, many experts all over the world had written off the cryptocurrency. However, in 2019, the coin has come roaring back and went on another incredible bull run that has raised visions of a rally that could be similar, if not better, than the one that took place in 2017. In 2019 alone, Bitcoin has gained as much as 240%, and there is a belief among crypto experts that it could…

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