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 

John McAfee Reiterates His $1 Million by 2020 BTC Price Prediction

In a rather haughty Tweet posted earlier today, American crypto enthusiast John McAfee wrote that he was “laughing his f—— ass off” at the concern over Bitcoin’s falling price this week. The entrepreneur went even further and reiterated his prediction that Bitcoin would reach $1 million by 2020. What has him so bullish? John McAfee Predicts Bitcoin $1 Million by 2020 Bitcoin price has fluctuated wildly in recent weeks. Unable to breach the $14,000 mark, Bitcoin topped out at approximately $13,650 and fell back below $10,000 at the end of…

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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 

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 

Bitcoin (BTC) Falls Back Again As Facebook’s Libra Faces Huge Setback

Bitcoin (BTC) has been on a tearing run for much of 2019 after making a remarkable turnaround from its low of last year. However, the past few days have not been particularly great for the cryptocurrency as the price fluctuated quite wildly at the start of the week. Although Bitcoin did recover, the price slumped on Friday yet again as Facebook’s proposed cryptocurrency has reportedly run into trouble with the House of Representatives Committee on Financial Services. According to reports, the committee has apparently asked Facebook to refrain from developing…

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Blockchain 

Bitcoin (BTC) to Gain More Strength Above $12k Mark

Bitcoin (BTC) is eyeing fresh gains after a 30% correction from one-year highs. The crypto elicited some selling pressure after a spike to the $13,800 level. A pullback from its one-year highs initially raised concerns as to whether the flagship crypto would continue gaining. Bitcoin Price Analysis A plunge below the $10,000 level appears to have triggered some buying pressure because Bitcoin has once again started surging, consequently taking out the $12,000 mark, be it for a brief moment. A bounce back to the $12,000 level could as well signal…

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Blockchain 

Bitcoin (BTC) Recovers As Momentum Returns on Strong Technical

After the poor year that it had in 2018, many had written off Bitcoin (BTC) for good, but this year the cryptocurrency has come back with a bang and went on a rally that eventually mirrored the astonishing rally in the second half of 2017. After enjoying a hugely impressive rally for much of 2019, the cryptocurrency experienced a decline through the weekend to Tuesday, when it fell to $9,614. Solid Recovery However, on Tuesday itself, the rally resumed for Bitcoin, and the most valuable cryptocurrency in the world gained…

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Blockchain 

Bitcoin (BTC) Corrects 30% & Falls Below $10K

Bitcoin price has pulled lower, a move that has been attributed to traders taking profits after a meteoric rise in recent weeks. A spike to one-year highs of $14,000 had initially elicited suggestions that the crypto was on its way to new all-time highs. However, that was not to be, as a 30% pullback has triggered a slide below the $10,000 mark. Bitcoin 30% Pullback The steep pullback may well be the result of a trader placing a sizeable short order of 20,000 BTC on Bitfinex exchange. The short trade…

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Blockchain 

Bitcoin (BTC) Price Continues to Shine: Hits $13K Mark

Bitcoin (BTC) is showing no signs of slowing down after an impressive start to the year. After a 250% plus rally, the flagship cryptocurrency has hit the $13,000 level, capping a 40% plus spike over the past week. Given the strength of the upward momentum, Bitcoin price could be on its way to the $14,000 mark. Investors will no doubt be waiting to see if it will make a run for all-time highs of $21,000 again. Bitcoin Price Catalysts The recent rally in Bitcoin price can be attributed to many…

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Blockchain 

Bitcoin (BTC) Price Continues the Bulls Run, Near 5 Digits Mark

Bitcoin price has surged this week to a fresh year-to-date high at the back of Facebook announcing that it is creating its own digital currency and payment network. BTC price is currently closing on the psychological mark of $10,000 per coin. In the last trading session, Bitcoin gained around 7% to $9,766 on the Bitstamp Exchange. Since the beginning of the year, Bitcoin has gained close to 160%, taking the coin to a new year-to-date high. Facebook’s Announcement Fuels the Rally The surge in BTC is a result of a number…

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