Bitcoin price (BTCUSD) has been in an upward trend of late. The price has been in the green in the past consecutive three weeks for the first time since April. Also, the price has soared by more than 25% in the past three months, outperforming the 7% gains by the...
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 (BTCUSD) may have been late to the party compared with gold prices and the Nasdaq 100, but its price reached a new 2020-high last week. In fact, the price managed to breach a multi-year triangle pattern, with an objective of $20,220, so the bulls had a lot to cheer. […]
Bitcoin price (BTCUSD) remains deeply in the offensive at the start of the month. The price is trading at $11,237, which is above the important support level of $10,000 but a bit lower than last week’s high of $12,108. The pair is slightly above the day’s low of $10,912. Other...
After a strong bullish performance at the start of this week’s trading, bitcoin price has been trading sideways for the past couple of days.
Thanks to continued dollar weakness, bitcoin price has broken past resistance. Technicals also suggest there is more upside potential ahead.
The crypto market suddenly woke up to life over the weekend, as major cryptocurrencies gained against the USD. Bitcoin, Ripple, Bitcoin Cash, Ethereum are just a few examples. For the past several months, BTCUSD failed at the all-important $10,000 level. It simply lacked the energy to break higher, as each […]
Bitcoin price (BTCUSD) is up sharply today. The biggest cryptocurrency is trading at $10,205, which is a few pips points below the intraday high of $10,365. It is in its third straight day of gains and is in the highest level it has been since May this year. Why is […]
A lot of support for Bitcoin prices is coming from the world of sports. It has just been announced that ESPN Global has set up an online gaming environment using blockchain technology, which will allow for competitions with a chance to win cash prizes. The venture is still in the […]
Bitcoin has been enjoying a steady uptrend. While the cryptocurrency has pulled back some of its gains, BTCUSD still looks bullish.
Bitcoin price has long been consolidating below the 10,000. In fact, right now sits below the round number still, confirming the difficulty it has to break higher. However, recent developments on the lower timeframes reveal a triangle that just broke higher. With a tight stop-loss and trading at the market, […]