Can the OTC Market Actually Have a Significant Impact on the Bitcoin Price?

The over-the-counter (OTC) market has long been considered to be bigger in size and volume than the crypto exchange market, having a bigger impact on the Bitcoin price. Large institutional investors and high profile retail traders often rely on the OTC market for orders that typically exceed $1 million to ensure the market has enough liquidity … Continued The post Can the OTC Market Actually Have a Significant Impact on the Bitcoin Price? appeared first on CCN

Read More

Newsflash: Bitcoin Price Surging Beyond $4,100 in Extended Buying Action

Bitcoin price is surging above the psychological resistance of $4,100 in an extended buying action. The Bitcoin/Dollar rate rose to $4100 on Coinbase between 9-10 am UTC – a level that was breached to the downside during the December 3 trading session. The pair, around the same time, was trading at a prime rate of The post Newsflash: Bitcoin Price Surging Beyond $4,100 in Extended Buying Action appeared first on CCN

Read More

How Did Twitter CEO’s Square Overtake Coinbase as #1 Bitcoin Buying App?

Square, a payment platform for merchants and individual users operated by Twitter CEO Jack Dorsey, has surpassed Coinbase to become the most widely used iOS app to buy Bitcoin (BTC). The platform, called Cash App on Apple’s iOS store, also overtook YouTube to become the number one top free mobile application on the iOS store, … Continued The post How Did Twitter CEO’s Square Overtake Coinbase as #1 Bitcoin Buying App? appeared first on CCN

Read More

Bitcoin Price Falls 5.5% to $4,030: Lack of Momentum Leads to Crypto Pullback

Over the past 24 hours, the Bitcoin price has dropped by more than five percent from $4,265 to $4,030, demonstrating a decline in daily volume. On fiat-to-cryptocurrency trading platforms like Coinbase and Bitstamp, the dominant cryptocurrency was dangerously close to dipping below the $4,000 support level. A drop below the $4,000 mark could disallow a … Continued The post Bitcoin Price Falls 5.5% to $4,030: Lack of Momentum Leads to Crypto Pullback appeared first on CCN

Read More

Bitcoin Price Plunges to New Yearly Low at $3,456: What’s Causing it?

On Coinbase and other major fiat-to-cryptocurrency exchanges, the Bitcoin price (BTC) has dropped to a new yearly low at $3,456. Over the past 24 hours, despite its relatively low daily volume at around $5.2 billion, BTC demonstrated a drop of over 12 percent, showing weakness in short-term momentum. The volume of BTC has since risen The post Bitcoin Price Plunges to New Yearly Low at $3,456: What’s Causing it? appeared first on CCN

Read More

Fake News: Analyst Falsely Claims Bitcoin Price Decline Will Spark Gold Rally

Stephen Innes, the head of trading for the Asia Pacific region at foreign exchange (FX) trading giant Oanda, has said that the plunge in the value of bitcoin and crypto will lead to a surge in the price of gold. In an interview, Innes said: “There’s still a lot of people in this game. If … Continued The post Fake News: Analyst Falsely Claims Bitcoin Price Decline Will Spark Gold Rally appeared first on CCN

Read More

Crypto Market Loses $6 Billion as Bitcoin Price Retreats to $4,100

In the last 24 hours, more than $6 billion was wiped out of the cryptocurrency market as Bitcoin (BTC), the most dominant cryptocurrency in the market, recorded a loss of 8.6 percent from $4,500 to $4,110. On fiat-to-cryptocurrency exchanges like Coinbase, Kraken, and Bitstamp, the price of BTC reached a new weekly low at around The post Crypto Market Loses $6 Billion as Bitcoin Price Retreats to $4,100 appeared first on CCN

Read More

Doubling Down: Tom Lee Won’t Abandon $15,000 Year-End Bitcoin Price Forecast

Fundstrat co-founder Tom Lee stands by his reduced year-end bitcoin price target of $15,000, saying continued fallout from a market slump in tech stocks is putting pressure on cryptocurrencies. Lee’s new prediction is a dramatic drop from the bullish $25,000 price target he had set in early-2018, when the crypto market seemed poised for a The post Doubling Down: Tom Lee Won’t Abandon $15,000 Year-End Bitcoin Price Forecast appeared first on CCN

Read More