Day: March 7, 2020

Bitcoin Could Retest $8,400, Says Trader Who Called BTC’s 50% Crash and Recovery

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It goes without saying that Bitcoin’s price action over the past few weeks has shaken many digital asset investors in the industry. The crash from $10,000 to $8,400 liquidated dozens of millions worth of leveraged positions, forcing many on the sidelines, data from Skew.com shows. Unfortunately, the cryptocurrency is likely to retest $8,400 once again, a top analyst has warned. Bitcoin Could Soon Retest $8,400, Warns Top Analyst Few have called Bitcoin’s price action as well as Dave the Wave has over the past few months; in the middle of last year, the…

This Crypto Up 200% From December’s Bottom Has Room to Rally

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Although the entire crypto market, Bitcoin included, has posted stellar gains since December’s bottom, some digital assets have been performing better than others. One such altcoin is Chainlink (LINK) — a prominent blockchain project linking off-chain data to platforms like Ethereum. This crypto has gained a jaw-dropping 200% since the December bottom that was established near $1.60, rallying as high as $5.00 just the other day. Although this is already a stellar performance, especially considering that the S&P 500, commodities, and other leading signs of traditional market strength have tanked,…

This Crypto Up 200% From December’s Bottom Has Room to Rally

boss

Although the entire crypto market, Bitcoin included, has posted stellar gains since December’s bottom, some digital assets have been performing better than others. One such altcoin is Chainlink (LINK) — a prominent blockchain project linking off-chain data to platforms like Ethereum. This crypto has gained a jaw-dropping 200% since the December bottom that was established near $1.60, rallying as high as $5.00 just the other day. Although this is already a stellar performance, especially considering that the S&P 500, commodities, and other leading signs of traditional market strength have tanked,…

Bitcoin History: When DDoS Attacks Made BTC’s Price Drop

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As anyone who has read the Bitcoin History series (or lived through the period in question) will know, the Bitcointalk forum was the crucible of debate in the early days. What’s less known is that – to quote one poster – “DDoSing this forum coincided with dumps on the then dominant Bitcoin exchange Mt. Gox.” That’s right, when the market was in its infancy, bringing a simple message board to its knees was enough to manipulate the market price of BTC. Also read: Bitcoin History Part 24: Celebrating the First…

Yet Another Bitcoin Event Postponed Due to COVID-19 Fears

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Although those in the Bitcoin community prides themselves on distancing themselves from the institutions of the old world, cryptocurrency and blockchain are inextricably tied to events taking place in the outside world, so to say. This has been proven true over the past few months with the outbreak of a coronavirus-caused illness, COVID-19, which has since spread from China to all over the world, with hotpots appearing in Italy, South Korea, Iran, Germany, and France. Related Reading: India’s Supreme Court Just Made an Extremely Bullish Ruling For Bitcoin Top Bitcoin…

Bitcoin Mining Rig Manufacturer Canaan Sued – Accused of Misleading IPO Investors

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Bitcoin mining rig manufacturer Canaan Inc. is being sued for allegedly breaking U.S. securities laws before its initial public offering (IPO). Phillippe Lemieux, a Canaan investor, filed a class-action lawsuit that claims the company violated the Securities Act of 1933. Lemieux believes Canaan misled investors and the Securities and Exchange Commission (SEC) in regards to the company’s financial wellbeing. Also Read: Bitcoin Cash Community Supports Greater Privacy by Donating Over 100 BCH to Cashfusion Fundraiser Canaan Gets Into Hot Water In October 2018, the China-based mining rig company Canaan filed…