3 Reasons Why Bitcoin Market Remains Optimistic Despite $6,000

On June 23, CNBC Fast Trader hosted a show dedicated to presenting the “Bitcoin Funeral,” a witty introduction to BKCM founder and cryptocurrency investor Brian Kelly’s discussion on the recent bitcoin correction and its future price trend. Three Reasons why Bitcoin Isn’t Dead On CNBC Fast Trader, Kelly outlined three major reasons bitcoin will recover … Continued The post 3 Reasons Why Bitcoin Market Remains Optimistic Despite $6,000 appeared first on CCN

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Bitcoin Price Rebounds to $9,200 After a 10% Decline, Market Begins to Rebound

The bitcoin price has rebounded to $9,200 after experiencing a 10 percent decline on April 26, from $9,700 to $8,800. The sharp decline in the price of bitcoin was said to be triggered by the sale of the Mt. Gox trustee funds. Swift Recovery More than 17,000 bitcoins were said to be dumped on the … Continued The post Bitcoin Price Rebounds to $9,200 After a 10% Decline, Market Begins to Rebound appeared first on CCN

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Ethereum Price Roars Past $700 as Crypto Market Value Rivals That of Facebook

The Ethereum price crossed a major milestone on Tuesday, surpassing the $700 mark for the first time in more than a month. The rally was far from an isolated occurrence, as the cryptocurrency market cap achieved an eight percent advance, adding nearly $33 billion to its rapidly expanding waistline. In the past week, the market … Continued The post Ethereum Price Roars Past $700 as Crypto Market Value Rivals That of Facebook appeared first on CCN

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Newsflash: Bitcoin Price Dives Below $7,900 after New York Opens Probe into Exchanges

Bitcoin price dove below $7,900 on Tuesday after the New York Attorney General’s office announced that it had opened an inquiry into the cryptocurrency exchange industry. The flagship cryptocurrency had traded above $8,000 for most of the day, with many analysts arguing it would embark on a bull run now that tax season is coming The post Newsflash: Bitcoin Price Dives Below $7,900 after New York Opens Probe into Exchanges appeared first on CCN

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Gemini Adds Block Trading to Reduce Impact of Large Orders on Bitcoin Price

Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has added a new feature that will reduce the impact that large buy and sell orders have on the Bitcoin price. Announced on Monday, Gemini Block Trading will allow cryptocurrency “whales” to execute large trades outside of the exchange’s continuously-updated order books, where a single trade … Continued The post Gemini Adds Block Trading to Reduce Impact of Large Orders on Bitcoin Price appeared first on CCN

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Bitcoin Records 7% Increase as Cryptocurrency Market Rebounds From Yesterday’s Losses

After dipping below $6,500, the price of bitcoin has increased 7 percent to $7,100, as the rest of the cryptocurrency market recovered over the past 24 hours. Since March 30, the valuation of the cryptocurrency market rose from $250 billion to $268 billion, by around 8 percent. Correlated Movements On March 29, Cornell professor Emin … Continued The post Bitcoin Records 7% Increase as Cryptocurrency Market Rebounds From Yesterday’s Losses appeared first on CCN

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John McAfee’s $1 Million Bitcoin Price Bet Just Hit a Major Technical Hurdle

Eccentric cybersecurity pioneer and long-time cryptocurrency bull John McAfee just hit a major technical hurdle in his gamble that the Bitcoin price will reach $1 million by mid-2020. On Thursday, the “McAfee Bitcoin Price Prediction Tracker” — which charts the price of Bitcoin relative to McAfee’s ambitious prediction — fell more than two percent below The post John McAfee’s $1 Million Bitcoin Price Bet Just Hit a Major Technical Hurdle appeared first on CCN

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Flash Crash: Bitcoin Price Dives Below $11,000 as Retrace Deepens

The post Flash Crash: Bitcoin Price Dives Below $11,000 as Retrace Deepens appeared first on CCN The bitcoin price briefly dove below $11,000 on Friday as the market searched for a support level to stem its severe correction. Bitcoin Price Flash Crashes Below $11,000 The bitcoin price endured a violent correction on Friday, headlining a day in which the cryptocurrency market cap crashed by more than $165 billion and many new The post Flash Crash: Bitcoin Price Dives Below $11,000 as Retrace Deepens appeared first on CCN

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