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 

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 Price | Short Sellers Surprised as Bitcoin Surges Another 4.5%

Those who betted that Bitcoin’s bull run was over were hit with a surprise today. According to Reddit, over $44 million USD was lost on BitMEX due to short sellers betting on a Bitcoin price decline. The largest digital asset by market cap surprised investors with another climb up the charts. At 10 am UTC, Bitcoin surged 4.4% and almost breached the $12k mark on CoinMarketCap. Bitcoin Price Surges 4% Bitcoin is currently selling for $11,862 USD on CoinMarketCap; however, Cointelegraph reports: “On major exchanges, USD spreads meant bitcoin was…

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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 Price Crosses the $11K Mark For the First Time Since March 2018

Since the beginning of 2019, Bitcoin price has been on the rise, gaining over 170%. On Monday, BTC price surged past the $11,000 mark, a new high since March 5, 2018. Demand for the coin has been reinvigorated by Facebook’s move to have its own digital currency. Bitcoin Price Up 13% from Friday to Over $11,300 According to Coindesk’s Bitcoin Price Index, Bitcoin price hit an intraday high at 5.30 am HK/SIN on Monday reaching a high of $11,307.69, which was almost a 13% gain from last week Friday. This…

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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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Blockchain 

Bitcoin (BTC) Price Falls Below $8,000 On Panic Selling

Bitcoin (BTC) is pulling lower after doubling in value following a massive surge from 2018 lows. The flagship cryptocurrency remains under immense bearish pressure after a 130% plus rally since the start of the year. Bitcoin Price Analysis A rally past the $8,000 mark had for the first time, in months, reinvigorated investor interest on cryptocurrencies, as it came after a harrowing plunge in 2018. A 14% plus drop has since taken the cryptocurrency back to the $7,700 level, waiting to see if short sellers have what it takes to…

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Blockchain 

Bitcoin Price | Is the Current Bull Run Incentive to Buy in?

In recent weeks, the cryptocurrency market has been a hive of activity. This is largely in part to Bitcoin price’s resurgence of late. And what a resurgence. The world’s largest digital asset by market cap is currently selling for $8,724 USD per coin (to press time and according to coinmarketcap.com). It has grown an astronomical 186% in little under 5 months. Bitcoin Price – A Fall From Grace As Bitcoin heads towards the $9k mark, it nears almost half of its all-time high of $20,000. Hit in late 2017, those…

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Blockchain 

Bitcoin Price | New One Year High of Almost $9,000

Since Monday, bitcoin price has leaped 13.5% to hit new levels at around $9000 for the first since May last year in what is seen as a bullish sign. At the time of writing, bitcoin is trading as high as $8,810 on Coinbase. Bitcoin Price | Highest Since 2018 Yesterday’s jump brings bitcoin to a maximum year to date increase of around 142.40%. Could this be the end of the 2018 bearish phase that saw bitcoin price lose over 70% from its all-time high of $20,000. Bulls are starting to…

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Blockchain 

Bitcoin Price Plunges | Bitcoin Investors’ Joy is Shortlived

After trading above $8,000 less than a day, Bitcoin (BTC) price plunged on May 17 and it was trading at around $7,200 which is a 10% drop within a day. Other cryptocurrencies have also experienced a price drop. Ethereum dropped 7.97% to around $240 while XRP lost 15.4% and it’s trading at $0.399. The cryptocurrency industry market capitalization fell by 8% which result in about $21 billion being wiped out in 24 hours. Bitcoin Price Drop Triggered by Huge Bitcoin Sell Order The sudden decline in Bitcoin price was prompted…

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