Day: May 11, 2019

Bitcoin (BTC) Flirts With $7,000, Some Crypto Investors Call For Higher –

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Market Roars, Bitcoin Touches $7,000 No. Way. Bitcoin (BTC) just hours ago touched the $7,000 price level in a brief spike. While the cryptocurrency has since fallen slightly, returning to $6,800, it remains up by over 7.5% in the past 24 hours and well over 50% in the past month. For now, it seems that bulls are back, and are thirsting for the blood of bears. (It is important to note that altcoins, from a BTC sense, have fallen dramatically, as investors liquidate their non-BTC stashes for the lead asset.)…

Bitcoin (BTC) Flirts With $7,000, Some Crypto Investors Call For Higher –

boss

Market Roars, Bitcoin Touches $7,000 No. Way. Bitcoin (BTC) just hours ago touched the $7,000 price level in a brief spike. While the cryptocurrency has since fallen slightly, returning to $6,800, it remains up by over 7.5% in the past 24 hours and well over 50% in the past month. For now, it seems that bulls are back, and are thirsting for the blood of bears. (It is important to note that altcoins, from a BTC sense, have fallen dramatically, as investors liquidate their non-BTC stashes for the lead asset.)…

DLT Gaming Company BitGuild Ditches Ethereum, Chooses Tron Network

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A blockchain game producer has chosen Tron over Ethereum to base its native token Plat, saying goodbye to ERC-20. Bitguild, a DLT gaming startup, has moved itsPlat token from Ethereum’s ERC20 standard to Tron’ TRC20. PLAT is the utility tokenthat powers the platform. On May 10, Bitguild announced the news on its official Twitter page, saying that the token swap is now live, encouraging users to go the company’s page with detailed instructions for the PLAT migration. PLAT was initially created to be used only within the Bitguild ecosystem. Game…

Bitcoin Price Hits $6700 as the Overall Crypto Market Cap Exceeds $200B

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Bitcoin price makes massive gains moving closer to its crucial resistance of $7000 level. Crypto analysts call this a beginning of the new bull run in the market. The cryptocurrency market surge looks very strong as Bitcoin (BTC) price shoots nearly 6.5% today. At the press time, Bitcoin is trading at $6718 with a market cap of $118 billion. The world’s largest cryptocurrency has shown a phenomenal recovery since April 2019 gaining nearly 70% in the last 40 days. It clearly shows that BTC has put all the bears to…

Analysts Roar As Bitcoin Tops $6,700, Short Squeeze May Sustain Crypto Rally

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No. Way. Bitcoin (BTC) just hours ago moved above $6,700 and even flirted with $6,800 on some crypto exchanges. Although many have been absolutely enamored with this move, some have been left asking: Is the cryptocurrency moving too far too fast? Let’s take a look at some analysis. Related Reading: Analyst: Bitcoin Above $6,400 Confirms Real Bull Run, Volume Surges 3x Bitcoin Blips Above $6,700, Crypto In Disbelief Over the past five weeks, Bitcoin has been in a decidedly bullish trend. Ever since the asset broke past the key $4,200…

U.S. Banning Bitcoin (BTC) Would Drive Adoption: Legendary Crypto Investor –

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Bitcoin Ban Proposed By Congressman As the price of Bitcoin (BTC) has boomed, so have the number of incumbents of traditional finance and politics taking to the streets to bash cryptocurrency. In Washington, D.C. on Thursday, one American politician — and a prominent one at that —  suggested that cryptocurrencies should be banned. Yikes. During a Financial Services Committee hearing earlier this week, U.S. Congressman Bradley Sherman, who represents the Democrats in California — the home of technological innovation of all places — suddenly brought up cryptocurrencies. During his rant-esque statement, which…

U.S. Banning Bitcoin (BTC) Would Drive Adoption: Legendary Crypto Investor –

boss

Bitcoin Ban Proposed By Congressman As the price of Bitcoin (BTC) has boomed, so have the number of incumbents of traditional finance and politics taking to the streets to bash cryptocurrency. In Washington, D.C. on Thursday, one American politician — and a prominent one at that —  suggested that cryptocurrencies should be banned. Yikes. During a Financial Services Committee hearing earlier this week, U.S. Congressman Bradley Sherman, who represents the Democrats in California — the home of technological innovation of all places — suddenly brought up cryptocurrencies. During his rant-esque statement, which…

Bitcoin (BTC) Surmounts $6,500, Investors Overwhelmingly Bullish

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Bitcoin Tops $6,500 At Last, Many Bullish Wow. In what can only be described as jaw-dropping, Bitcoin (BTC) rocketed pass $6,300, $6,400, and $6,500 in rapid succession on Friday. By the looks of it, $6,600 might just be on the horizon. For some reason or another, buying pressure has returned to the cryptocurrency market in droves. While some cynics have argued that Bitcoin is rallying too fast and too high for its own good, some are sure that BTC’s technical set-up still is looking entirely bullish. David Puell of Adaptive…

Bitcoin (BTC) Price Hits $6.5K Target: $6.85K Could Be The Real Test

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Bitcoin price extended gains above the $6,400 and $6,440 resistance levels against the US Dollar. The price tested the key $6,500 resistance level as discussed in yesterday’s analysis. Besides, yesterday’s highlighted important bullish trend line is intact with support at $6,060 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains in a strong uptrend and it seems like the real test for the bulls could be near $6,850. Bitcoin price is extending its rally above the $6,450 level against the US Dollar. BTC is…

Tim Draper Believes Bitcoin Will Grab 5% of the Earth’s Market Share

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By CCN: While Elon Musk and Jeff Bezos are focused on Mars, billionaire venture capitalist Tim Draper has his feet firmly planted on the ground. Draper might appear to have his head stuck in the clouds with a lofty $250,000 bitcoin price prediction. But from what he tells Fox Business, the early bitcoin investor isn’t stargazing: “I’m a believer that in four years, something like that, bitcoin will be about a 5% market share of the earth.” Tim Draper on Bitcoin “I’m a believer that in four years, something like…