Bitcoin (BTC) Bulls Unconvincing, Over $1 Billion Lost To Hackers

Bitcoin (BTC) prices are steady Over $1 billion lost to hackers Hacking is forcing thoroughness in cryptocurrency exchanges. Determined hackers have seen exchanges lose over $1 billion with Bitpoint the latest victim. At the time of writing, BTC is stable, but bears have the upper hand. Bitcoin Price Analysis Fundamentals There is always a risk when trading. Unlike trading traditional securities like bonds or Forex, the cryptocurrency space is unregulated. That is perhaps the reason why government representatives are drumming up for proper regulation. Furthermore, Bitcoin and digital assets are…

Could Bitcoin’s Dominance Help BTC Based Projects Pull Ahead of the Competition?

If the 2017/2018 cryptocurrency boom was altcoin season, then 2019 undoubtedly belongs to Bitcoin (BTC). The world’s biggest crypto is currently enjoying its highest level of market dominance in over two years. On the other hand, Ethereum has been progressively losing market share over 2019. The numbers demonstrate that BTC is still the most trusted of cryptocurrencies, which is underscored by the record levels of institutional investment currently flowing in. While this may not be great news for Ethereum and other alts, it’s excellent news for the projects involved in…

Making Bitcoin Fun: Meet a HODL-themed BTC Board Game

Bitcoin Turned into a Board Game The Game of Life? Monopoly? Forget them. Meet a Bitcoin-themed board game that has been dubbed “Hodler of Last Resort”. Being created by a Bitcoiner on Twitter named Pedro, this board game is intended to be a way for friends and family to learn about BTC, its value, and how it all works in a fun package. A board game, what more could you ask for? In a four-part thread, Pedro boiled down his mission with the game as follows: It aims at creating…

Bitcoin Price (BTC) Could Retest Key Support Before Fresh Increase

Bitcoin price climbed higher recently above the $11,000 resistance level against the US Dollar. The price spiked towards $11,200 and recently corrected lower below $10,800. There is a connecting bullish trend line forming with support near $10,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could retest the key $10,000 support level before it could rise again towards $11,000. Bitcoin price is struggling to continue higher above $10,800 support against the US Dollar. Therefore, BTC price might decline towards $10,000 before it could start…

Bitcoin: Signal That Preceded Two 60% BTC Rallies is Forming

Bitcoin Bulls Ready to Run Bitcoin (BTC) bulls are poised to break out of the gates. As noted by prominent analyst Joe McCann, the one-day Moving Average Convergence Divergence (MACD), an indicator meant to determine momentum and trends, is about to see a bullish crossover on Bitcoin’s one-day chart. This will see the blue line, the 12-Period EMA − 26-Period EMA, cross above the signal line. As McCann points out in the chart above, the last two times that the one-day Bitcoin chart saw this series of events come to fruition, BTC rallied by…

Bitcoin (BTC) Price Weekly Forecast: Approaching Next Crucial Break

There was a solid upside correction initiated from the $9,100 swing low against the US Dollar. The price gained traction after it broke the key $10,000 resistance area and traded towards $11,250. There was a break above a major bearish trend line with resistance at $10,400 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair tested a crucial resistance near $11,250 and it is currently correcting lower. Bitcoin price is showing positive signs above the $10,250 support against the US Dollar. However, BTC must break…

Altcoins to Outperform Bitcoin? BTC Dominance Falling

Bitcoin Dominance Losing Steam Despite the fact that Bitcoin is the leading crypto, altcoins, as non-BTC digital assets are known, were all the rage in late-2017 and early-2018. In fact, over the course of the bull run from 2016 to early-2018, Bitcoin dominance fell from over 90% to 33% at the bottom. This was catalyzed by a Cambrian explosion in the variety of cryptocurrencies, the ICO revolution, and massive growth in older projects like XRP and Ethereum. But, for much of the recent rally in the Bitcoin price, altcoins have…

BTC Outflow on BitMEX Exceeded Inflow by $73M: TokenAnalyst

Bitcoin (BTC) outflows on major crypto exchange BitMEX have notably exceeded the inflows after the firm was reported to be a subject in a regulatory investigation. Bitcoin outflows on BitMEX exceeded inflows by $73 million Over the past 24 hours, BitMEX saw an outflow of $83 million worth of Bitcoin, while only $12 million came in, London-based blockchain data provider TokenAnalyst reported in a tweet on July 19. 24-hour on-chain Bitcoin flows on major exchanges. Courtesy of: TokenAnalyst Twitter While such a discrepancy appears to be abnormal in comparison with…

Bitcoin (BTC) Sees Watershed Moment in China, And It’s Bullish

Bitcoin is “Property” Under Chinese Law Boom, Bitcoin (BTC) has just seen a watershed moment in China. Despite the fact that the nation’s regulators turned on cryptocurrency, enforcing heavy regulations about digital asset trading, events, and certain forums/social media accounts, a court in China purportedly confirmed that BTC is legally protected as a form of “digital property”. Per a thread from Dovey Wan, a partner at Primitive, a crypto-friendly fund, the Hangzhou Internet Court confirmed that Bitcoin can be defined as “property” under local law. In fact, a statement from the…

Bitcoin (BTC) Sees Watershed Moment in China, And It’s Bullish

Bitcoin is “Property” Under Chinese Law Boom, Bitcoin (BTC) has just seen a watershed moment in China. Despite the fact that the nation’s regulators turned on cryptocurrency, enforcing heavy regulations about digital asset trading, events, and certain forums/social media accounts, a court in China purportedly confirmed that BTC is legally protected as a form of “digital property”. Per a thread from Dovey Wan, a partner at Primitive, a crypto-friendly fund, the Hangzhou Internet Court confirmed that Bitcoin can be defined as “property” under local law. In fact, a statement from the…