Day: August 6, 2019

Bitcoin Price Explodes Past $12,000, ‘Clear Skies’ to 2019 High – CCN Markets

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Bitcoin price shatters a new milestone amid a stock market tumble. | Source: Shutterstock The bitcoin price pierced $12,000 on Tuesday as traders seek refuge from global instability on traditional markets. As global stock markets reel from the escalating trade war between the US and China, Bitcoin has climbed more than 20% in five days, briefly hitting $12,265 on Coinbase. The move upwards was accompanied by the strongest volume in over two weeks. The bitcoin price rocketed past $12,000 on Tuesday as global instability grips the stock market. Source: TradingView…

Bitcoin Price Explodes Past $12,000, ‘Clear Skies’ to 2019 High

boss

Bitcoin price shatters a new milestone amid a stock market tumble. | Source: Shutterstock The bitcoin price pierced $12,000 on Tuesday as traders seek refuge from global instability on traditional markets. As global stock markets reel from the escalating trade war between the US and China, Bitcoin has climbed more than 20% in five days, briefly hitting $12,265 on Coinbase. The move upwards was accompanied by the strongest volume in over two weeks. The bitcoin price rocketed past $12,000 on Tuesday as global instability grips the stock market. Source: TradingView…

Bitcoin Price Rises Above $12K to Hit One-Month High

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View Bitcoin’s move above $12,000 is backed by an uptick in trading volumes and bullish readings on the daily chart. BTC could close well above $12,000 today, confirming a falling channel breakout on the daily chart and extend gains toward $13,200 (July 10 high) in the short-term. The 4-hour chart is reporting overbought conditions and a bearish indicator divergence. So, prices may pull back to $10,800–$10,600 and the bullish UTC close above $12,000 may be delayed till Wednesday. The bullish case would weaken if prices drop below key average support,…

‘It’s Fantastic Tech’ — Hedge Funds Will Go Bitcoin, Says Consultancy CEO

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Bitcoin (BTC) lets investors hedge against inflation and will endure as part of portfolios, the CEO of consultancy firm Agecroft Partners has told mainstream media.  “It’s fantastic technology” Speaking to CNBC in an interview Aug. 6, Don Steinbrugge praised the cryptocurrency’s technology while discussing nontraditional investments. “It’s been an amazing run, it’s fantastic technology; some people are using it as a way to hedge against inflation,” he told the network. Steinbrugge was speaking within the context of the latest escalation in the trade war between the United States and China,…

Bitcoin Price Surges Past $12,000 Amid the Extremely Weak Yuan

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What a great time for Bitcoin. Yesterday we could see great move upwards in its price that first went over $11,200 against the US Dollar, then passed the $11,500 resistance climbing above the $11,700 resistance and traded close to the $12,000 level. Just when a price formed near $11,938 it started growing again rising by 4.36% to $12,171.13 at the time of writing. It is now pretty sure to say that Bitcoin confidently leads the sector, pioneering the whole market. Exactly week ago, the coin was being traded near 9000…

Calvin Ayre’s Bitcoin SV Sponsors Pool Premier League

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 Bitcoin SV (BSV), the altcoin operated by Craig Wright, one of the most controversial personalities in the cryptoverse, has announced that the International Professional Pool Association (IPA) has agreed to a sponsorship package with Calvin Ayre, a BSV promoter in a bid to facilitate the upcoming Bitcoin SV Pool Premier League live on FreeSports. This according to a press release, August 5, 2019, IPA and Calvin Ayre Enter into Agreement As stated in its press release, IPA has inked a sponsorship deal with Calvin Ayre which will enable Bitcoin SV…

North Korea Stole $2 Billion in Cryptocurrency From Exchanges, Says UN

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North Korea has netted around $2 billion by hacking banks and cryptocurrency exchanges, according to the United Nations (U.N.). UN: Hacked crypto funds weapons of mass destruction In a confidential report acquired by mainstream media outlets including Reuters on Aug. 5, the U.N. Security Council North Korea sanctions committee said that hackers formed an essential part of government funding.  “Democratic People’s Republic of Korea cyber actors, many operating under the direction of the Reconnaissance General Bureau, raise money for its WMD (weapons of mass destruction) programs, with total proceeds to…

Bitcoin Price Reclaims $12k as Dominance Highest Since April 2017

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Bitcoin (BTC) price has retaken $12,000 in a final push following several days of intense upwards price action. Bitcoin 7-day price chart. Source: Coin360 Bitcoin bulls reverse multi-week downturn Data from Coin360 showed BTC/USD hitting $12,142 on Aug. 6, bringing its weekly gains to over 25%.  The pair is now trading at its highest since July 11, and comes amid continuing tensions in the trade war which began between China and the United States.  Combined with unrest in Hong Kong and the U.S. designating China a currency manipulator this week,…

Bitcoin Price (BTC/USD) Could Hit $12.2K Amid Strong Technical Bias

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Bitcoin price extended gains above the $11,500 and $11,700 resistances against the US Dollar. The price is currently correcting lower after trading close to the $12,000 resistance. There is a connecting bullish trend line forming with support near $11,540 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains in an uptrend and it could surpass $12,000 to test the $12,200 level. Bitcoin price is gaining bullish momentum above $11,500 against the US Dollar. BTC price might continue to climb higher towards $12,000 and $12,200…

Bitcoin & Crypto Market Cap In Uptrend: Litecoin, BNB, BCH, TRX Analysis

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The total crypto market cap extended its upside above the $300.0B resistance area. Bitcoin price rallied towards the $12,000 resistance and it is currently correcting lower. Binance coin (BNB) price seems to be consolidating above the $27.20 support area. Litecoin (LTC) price spiked above the $100.00 level, but it failed to stay above $100.00. BCH price is correcting lower after trading above the $350 resistance level. Tron (TRX) price failed to stay above the key $0.0230 and $0.0232 resistance levels. The crypto market cap and bitcoin (BTC) are currently following…