Bitcoin – BTCUSD
In this section, you will find important Bitcoin news, actionable trading ideas, and a live Bitcoin (BTCUSD) chart to help you understand the markets better.
Bitcoin (BTC) was the first cryptocurrency to turn mainstream. It is a peer-to-peer system that is controlled via blockchain technology. There is no bank or administrator controlling the digital currency. Bitcoin can be used to buy and trade on crypto exchanges, and is traded against the world’s major currencies such as the USD (BTCUSD). Bitcoins are stored in electronic wallets, which depend on private keys and cryptography. The private key is to manage your Bitcoin wallet while the public key is used to send and receive Bitcoin.
As Bitcoin transactions occur, records must be logged into the digital system called the Blockchain, but these logs are be done by sophisticated computer systems. Those who own these systems can allow their computer to log these records into the Blockchain and as a reward for their time and service, they receive Bitcoin.
There are a growing number of businesses and individuals using Bitcoin. This includes businesses like restaurants, hotels, and law firms, as well as popular online services such as Namecheap, Overstock.com, and Reddit. While Bitcoin remains a relatively new currency, it is growing fast. Therefore, relatively small events, trades, or business activities can significantly affect the price. In theory, this volatility will decrease as Bitcoin markets and the technology matures.
Live Bitcoin Chart
Bitcoin (BTC/USD) News
On July 26, when the price of Bitcoin was trading at $9788 per coin, I said that the overall trend remained upwards above the June 4 low of $7432, and that traders would target the July 10 high at $13000. The price rose as high as $12334 on August 6 [...]
As I predicted about two weeks ago when BTCUSD was pushing beyond $12,000, Bitcoin fell victim to the descending trendline resistance which started from the high of June 26, and continued through the highs of July 10 and the first week of August. Having failed to break above the $12,000 [...]
Bitcoin payments used for salaries and wages have been given legal recognition in New Zealand. Furthermore, Bitcoin has been assignedA the same status as property and will soon be subject to taxation, once the new resolutions proposed by the New Zealand Inland Revenue Department kick in on September 1, 2019. [...]
Bitcoin bulls continue to find it difficult to force prices above the $12,000 mark as the daily chart shows the formation of a potential doji on the descending trendline which extends from the June 26 high to the highs of the week. The shooting star formation of Tuesday was followed [...]
Βitcoin - BTCUSD retreats today giving up 0.86% at 11,869 with high volumes. Bitcoin capitalization stands above 211.6 billion while the market capitalization of the top 100 cryptocurrencies stands above 307.6 billion, today’s BTC volume is 22.2B. The BTCUSD technical picture is bullish the last days after BTC breached the [...]
After making a 2-minute surge earlier in the trading day in a move that pushed it above the $12,000 mark, BTCUSD has faltered and is now facing the likelihood of a reversal. The daily chart shows that BTCUSD continues to obey the support and resistance levels set out by the [...]
Βitcoin - BTCUSD continues higher today adding over 3.67% at 12,239 with high volumes. Bitcoin capitalization stands above 218.1 billion while the market capitalization of the top 100 cryptocurrencies stands above 317.7 billion, today’s BTC volume is 23.2B. The BTCUSD technical picture is bullish the last days after BTC breached [...]
Βitcoin - BTCUSD trades higher today adding over 1.0% at 10,510 with high volumes. Bitcoin capitalization stands above 188.1 billion while the market capitalization of the top 100 cryptocurrencies stands above 285.7 billion, today’s BTC volume is 17.2B. The BTCUSD technical picture is bullish the last days after BTC breached [...]