Bullish dumping has been blamed on the fall in Bitcoin prices on the day. Intense selling pressure forced Bitcoin prices to shed off nearly $4000, after yesterday’s rally peaked just short of $37,900.This move, ending in yet another lower high, continues to maintain the large triangle consolidation area that forms […]
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
Bitcoin prices are on the verge of a huge move if the pattern on the daily chart is anything to go by.A look at the daily chart of the BTCUSD pairing shows what appears to be price trading within a huge triangle. In reality, this is a bullish pennant, and […]
Livecoin, a Russian-based cryptocurrency exchange, which suffered an exchange hack in December 2020. The company has announced that it is ending all operations. According to a statement released through an alternate domain, the company said it could not continue to operate “in these conditions” and was throwing in the towel. […]
Bitcoin prices have slipped 7.95% on the day after the BTCUSD’s bulls failed to attain last week’s all-time high. Cryptopotato.com reports that as much as $340 million was wiped off long positions by today’s drop, which saw as much as $3000 wiped off Bitcoin prices. Technical Levels to Watch The […]
Bitcoin prices soared back above the $38,000 after Anchorage Digital Bank became the first digital asset bank to come under Federal regulation. Anchorage had sought a natural trust charter from the Office of the Comptroller of the Currency (OCC) and subsequently got it. Under the new arrangement, institutional participants will […]
Bitcoin prices recovered slightly on Wednesday, but the upside move appears to have been capped after comments from the President of the European Central Bank that called for global regulation of Bitcoin. Chrstine Lagarde made the comments at a Reuters Next conference, saying that some “funny business” and “”totally reprehensible […]
Bitcoin price is having a rough week. The BTC/USD is up by just 0.65% today; the first day in the green since Friday last week. It has also declined by more than 18% in the past few days alone. This has pushed its market cap to more than $647 billion. […]
Yesterday’s steep drop in Bitcoin prices bothered a lot of people, who got sucked in by all the juicy predictions made by the “gurus”. I came across a lady who invested $1,000 in both Bitcoin and Ethereum on Friday and was lamenting at how her funds were depreciating. This showcases […]
In the last month, Bitcoin prices have experienced a remarkable surge, driven by institutional demand and interest. BTCUSD hit an all-time high above $40,000 last week, fuelling talk from several quarters of Bitcoin prices entering the 6-digit realm. We have seen this all before. Before the 2017 crash, the internet was […]
Bitcoin prices (BTCUSD) have surged 5.62% on Thursday, taking the pair to a brand new all-time high of 39182.34 this afternoon and counting. On-chain analysis from Glassnode shows that institutional orders requesting to purchase $1million worth of Bitcoin and more are on the increase, helping to drive up Bitcoin prices. […]