Why Billionaire Investors Remain Positive on Long-Term Trend of Crypto

Mike Novogratz, Jim Breyer, and Tim Draper are some of many billionaire investors in the traditional financial market who remain optimistic towards the long-term trend of crypto. How are these investors able to maintain their positive stance in regards to the growth of the cryptocurrency sector following an 85 percent decline in valuation across the board? It’s About Cycles For the most part, high profile individual investors are able to handle severe losses in emerging asset classes and high-risk assets like cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) because…

Why Bitcoin is Not in a Death Spiral, Refuting Reports

Over the past month, many reports about the materialization of a potential “death spiral” on the Bitcoin network were released, leading investors to be concerned about the short-term trend of the dominant cryptocurrency. According to a security expert and cryptocurrency researcher Andreas Antonopoulos, a death spiral is unlikely to happen in Bitcoin. What is a Death Spiral and Why it Likely Won’t Happen On the Bitcoin network, miners find a block filled with transactions every ten minutes. After 2016 blocks are mined, the network automatically readjusts the difficulty of mining…

Crypto Exchange Bithumb May Have Propped up Bitcoin Price: Analysts

The bitcoin price touched a fresh yearly low this morning, leaving traders and investors scrambling for answers as the crypto market searches for a bottom. While there are numerous pressures that have weighed on bitcoin as it has taken step after step away from last year’s all-time high, research from CryptoCompare suggests that South Korean cryptocurrency exchange Bithumb may have contributed to the recent sell-off — at least indirectly. According to the firm’s latest CCCACG (short for CryptoCompare’s Aggregate Pricing Index), Bithumb led all crypto exchanges in daily volume from…

Volatile Much? Here Are the Top 4 Reasons Crypto Went Wild in November

Until the start of November, crypto volatility was trending down. Then, several major events happened and the whole cryptosphere went off the charts. But why? According to the Crypto Volatility report released today by SFOX, cryptoassets showed more volatility than the S&P 500 and gold during November, and there are four key factors that contributed to the market’s roller coaster ride. Inside the Crypto Market’s Wild November Source: SFOX Taking into account price, volume, and volatility data from seven major exchanges and liquidity providers, SFOX analyzed spikes in volatility and…

Bitcoin is 43% More Profitable Than Craig Wright’s ‘Miner-Friendly’ BSV

When Craig Wright formed an alliance with CoinGeek founder Calvin Ayre to launch a hostile takeover of the Bitcoin Cash (BCH) network, the two men predicted that their BCH implementation — Bitcoin SV (BSV) — would quickly accrue near universal support among miners due to its allegedly miner-friendly protocol specifications. This support would be so comprehensive, they boasted, that the other BCH would quickly cease to exist. Actual events, of course, took a very different turn, and before long, BSV’s backers had resigned themselves to pursuing “Satoshi’s original ‘original vision’”…

Breakout Inbound? Bitcoin Price Sets $4,000 as Upside Target

The bitcoin price on Tuesday jumped as high as 6.1 percent against the US Dollar but failed to sustain a bullish momentum. The BTC/USD index is trading at 3910-fiat at press time, up 4.5 percent from the intraday low at 3741-fiat. The pair is undergoing a pullback action after failing to sustain its run above 4000-fiat. The said level still has a lot of bearish activity going around while an equally strong buying sentiment can be seen at 3741-fiat, which has reversed downside corrections twice in the past 36 hours.…

Bitcoin Price Erases Weekend Gains to Confirm Bearish Long-Term Trend

The bitcoin price kicked off the week on a negative note after correcting 2 percent to the downside. The BTC/USD rate found itself unable to breach above the neckline level discussed in our previous analysis. The falling trendlines look stronger than ever in other patterns as well. The symmetrical triangle formation, for instance, on the hourly chart also presents its upper trendline as a strong resistance level to the recent bullish attempts. Bitcoin is forming lower highs and higher lows to consolidate inside the same triangle. As of now, we…

Bitcoin Price Flirts with Breakout But May Not Yet Have Bottomed

The bitcoin price on Sunday surged as high as 7.28 percent against the US dollar ahead of the US session. The BTC/USD rate is trading at 4158-fiat at press time. The pair is almost completing the formation of an inverse head and shoulder pattern. Its neckline appears more like a near-term falling trendline, capping the strong upside movements lately. The latest jump in BTC/USD has affirmed what bulls are attempting to break at this point. Breaking above the neckline level sets up a run towards 4500-fiat. The resistance level is…

Why the Bitcoin Price Could Take a Very Long Time to Reach New Highs

CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Throughout the past eleven months, the Bitcoin price has dropped from $19,500 to $3,000, by nearly 85 percent. The dominant cryptocurrency fell by 85 percent on average in its four past major corrections, so a similar drop from its all-time high was expected by many investors. But, according to Bitcoin and technology researcher Boris Hristov, this bear market could potentially last significantly longer than previous corrections. All Depends on…

Bitcoin Price Nearing ‘Capitulation Moment’: IG Market Analyst

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Bitcoin is not far from a critical loss of investor confidence that will lead to the market hemorrhaging vast amounts of value as nervous investors dump their holdings. This is the opinion of Chris Beauchamp, an analyst at the online trading platform IG. Speaking to the Financial Times, Beauchamp stated that the crypto market leader is heading for a “capitulation moment” when a critical mass of investors…