Just like most currencies and commodities, bitcoin price benefitted from the dollar weakness in yesterday’s trading, even breaking a critical resistance.
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.
Bitcoin price (BTCUSD) has become boring. Consider this. Since May this year, the price has remained relatively stagnant. It has...
Bitcoin price on the daily chart has started to narrow into a tighter range on the charts, even as a...
Bitcoin price (BTCUSD) remains in tight range as focus on the cryptocurrency returns after the Twitter’s big hackyesterday. The cryptocurrency...
Bitcoin prices continue to trade in a sideways trend, but with an overhanging cloud of bearishness after hackers successfully took...
Bitcoin price is testing a confluence of resistance on the 4-hour time frame. Could this suggest a potential drop in BTCUSD soon?
Bitcoin price retreat for the second consecutive trading session but managed to rebound from daily lows amid an improvement in equities markets.
Trading on bitcoin price last week was limited. However, as the consolidation on the cryptocurrency narrows, the potential for a breakout also increases.
Bitcoin price retreat for second consecutive trading session after the number one cryptocurrency rejected twice at the 50-day moving average. Bitcoin has returned today to the well-known trading zone
Bitcoin price looks to have broken its downtrend. Does this mean we will soon see the cryptocurrency take another shot at $10,000.00?