Financial news and actionable analysis
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.
Bitcoin price (BTCUSD) is up by 0.33% as investors remain optimistic about the digital currency. It is trading at $13,091, which is a few points below last week’s high of $13,363. Other digital currencies are also rising, with Ethereum, Tether, and Ripple trading at $406, $1.00, and $0.25. There are...
The price of Bitcoin has blasted through the stubborn resistance at $12,000 after the online payments platform Paypal announced it was introducing Bitcoin as a payment option. The news has lit up the cryptocurrency market and sees Bitcoin Cash and Litecoin also being accepted. I said in an article Monday, […]
After years of not wanting to have anything to do with cryptocurrencies, PayPal has announced that its US customers will soon be able to buy Bitcoin with their holdings, sending Bitcoin prices to new 2020 highs at just under $13,000. Bitcoin prices on the BTCUSD charts surged above $12,800 this […]
Bitcoin was higher on Monday as the world’s largest cryptocurrency seeks to mount another rally. Prices rose for a third-straight day as the coin looks for another test of the $12k level, which capped gains on September 1st. Futures trading data from the Commitment of Traders report released by the […]
Bitcoin prices appear to have stalled at the initial supply zone around 11400 after failing to get ány support from the fundamental side of things. Instead, several pronouncements which have mainly been anti-crypto continue to rend the airwaves. The latest of these are developments in Russia which indicate that the […]
After repeated attempts to breach the 11500 price mark, Bitcoin prices suffered a decline today as the SEC case against the BitMEX exchange was brought back into the limelight. SEC Commissioner Hester Peirce said that the case the Commodities and Futures Trading Commission has brought against the BitMEX exchange is […]
Bitcoin price broke higher as it was rejected (once again) from the $10k level. The move higher came in the context of Square announcing a $50 million investment in Bitcoin, news that ignited more buying. The USD also traded with a weak tone for the entire previous trading week. It […]
Ripple price has pulled back from its intraday high as traders struggle to digest the latest ruling from the regulator of the UK financial markets, the Financial Conduct Authority. The FCA has released new rules on crypto-asset trading which now prohibit the sale of Ripple, Bitcoin, Ethereum and other crypto […]
Bitcoin prices tanked on Friday after the CFTC announced that it was bringing charges against several owners and operators of trading exchange BitMEX. Spooked by the news, traders are now making a run on the exchange and have withdrawn a total of 32,200 bitcoin, worth over $330 million, according to […]
Bitcoin price (BTCUSD) is on track to decline for the first month since July this year. It is also experiencing its worst month since March this year, when it declined to below $4,000. In total, the currency has declined by more than 7% in September. Still, it has performed better...
