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.
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Bitcoin (BTC/USD) News
Bitcoin price has pared most of its losses from its sell-off earlier this month. BTCUSD is up by over 23% from March 13. Its technical setup on the 4-hour time frame also suggests that it could be priming for a rally. By connecting the lows of March 13, March 16, [...]
Bitcoin price yesterday made fresh two week highs but failed to hold the gains and retreated but still keeps the rebound from recent lows alive. The rebound from March 2019 lows added over 90% to the bitcoin valuation. Markets are trying to stabilize after the recent turbulence amid the coronavirus [...]
Bitcoin Price Hits Resistance at Previous Lows and Fib Level Bitcoin price has enjoyed a bullish run for the past couple of days as BTCUSD is up by over 15% thanks to dollar weakness. However, the cryptocurrency seems to be struggling to sustain its gains above $6,600.00. On the daily [...]
Bitcoin price is trading higher at the start of today’s trading. As of this writing, BTCUSD is up over 1.40% or $80.00 from its opening price at $5,904.15. The short-term time frame reveals that the cryptocurrency has been on a short-term uptrend since March 13. This is evidenced by the [...]
Bitcoin price reverses early losses and jumps over 7% as the rebound from March 2019 lows continues for the fourth day in a row. As the coordinated actions from central banks calm investors at least, for now, the bitcoin is the first asset that managed to rebound, adding over 70% [...]
Bitcoin price trades higher for the third day in a row as the crypto pair formed a strong base around the 5,000 mark. Coronavirus crisis has also affected bitcoin as investors pulling away their money from risky assets and looking for cover to cash. The BTCUSD price movement showed a [...]
Bitcoin price retreat today as the consolidation phase around 13-month lows continues. BTCUSD failed to capitalize on the interest rate cut by the Fed and the liquidity injection in the markets amid the turbulence. Coronavirus crisis increased the demand for the US dollar as investors running to cover in cash. [...]
Bitcoin price has been hovering around 5,450 for the past five trading days. This price also served as a level of interest for BTCUSD on April 2019. Will we see the cyrptocurrency bounce or fall from this level? Bearish Pennant Suggests BTCUSD Could Soon Drop, Again The daily chart paints [...]
Bitcoin price tumble over 9% in early European trading after the rejection at 5350 in Asian trading. BTCUSD return to negative territory as the emergency rate cut by the Fed failed to calm investors who started to dump risky assets across the board. Now bitcoin has lost over 31% in...
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After the 38.81% drop in bitcoin price in yesterday’s trading, the cryptocurrency recouped some of its losses. It bounced off support at the $4,000.00 handle and is now trading above $5,000.00 at $5,214.76. But where will it go next? A bullish argument for bitcoin price is that, because it is [...]
