Bitcoin Price Remains Uninspired at $10,200, Altcoins Go Into Red

Friday, Sept. 20 — The price of Bitcoin (BTC) remains largely uninspired and is once again trading sideways around the $10,200 price mark. Market visualization. Source: Coin360 Although BTC is back at trading sideways, Fundstrat Global Advisors co-founder Tom Lee expects this to change with the coming launch of Bakkt and is positive on its ability “to improve trust with institutions to crypto.” The world’s largest cryptocurrency continues to trade flat, with an intraday high of around $10,280, while slowly trading downward to its current trading price of $10,147, showing…

CME Group to Launch Options on Bitcoin Futures in Q1 2020

The Chicago Mercantile Exchange (CME) Group is adding options to its Bitcoin (BTC) futures contracts in Q1 2020, pending regulatory review. The development was announced in an official news release on Sept. 20. Options will give clients more “flexibility to hedge Bitcoin price risk” Tim McCourt — CME Group Global Head of Equity Index and Alternative Investment Products — stated: “Based on increasing client demand and robust growth in our Bitcoin futures markets, we believe the launch of options will provide our clients with additional flexibility to trade and hedge their…

Bitcoin Price (BTC) Rallies Sharply But Facing Significant Hurdle

Bitcoin price started a strong rise after trading as low as $9,637 against the US Dollar. The price is trading above the $10,200 level, but it is facing hurdles near the $10,400 level. There was a break above a major bearish trend line with resistance near $10,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently correcting lower towards the $10,150 and $10,100 support levels. Bitcoin price is showing positive signs above the $10,100 level against the US Dollar. BTC needs to surpass…

Crypto Market & Bitcoin Rebounding: BCH, Litecoin, TRX, XLM Analysis

The total crypto market cap bounced back sharply after testing the $245.0B support area. Bitcoin price is back above the $10,000 and $10,100 levels, with positive signs. Litecoin (LTC) price is showing positive signs and it could soon revisit the $80.00 resistance. BCH price is gaining pace and it could rise towards the $325 and $340 resistance levels. Tron (TRX) price settled above the $0.0170 level and it could continue to climb higher. Stellar (XLM) price surged recently and it is likely to march towards the $0.0850 level. The crypto…

After Dip of $500, Bitcoin Price Back to Trading Sideways at $10,200

Thursday, Sept. 19 — Bitcoin (BTC) price is back up and seems to be stabilizing just above the $10,200 price mark after experiencing a sudden drop of $500 in minutes earlier today. Market visualization. Source: Coin360 Bitcoin is trading sideways again Bitcoin’s sideways trading behavior has become standard operating procedure in recent months, with long periods of sideways action giving way to sudden drops in prices, only to shoot back up to previous price levels. Bitcoin price has started to trade sideways once again, currently at around $10,290 per coin, according…

North Korea Expected to Launch Its Own Cryptocurrency Similar to Bitcoin

North Korea has set plans in motion to create its own cryptocurrency that will be similar to Bitcoin or other cryptocurrencies. The crypto will help the country avoid international sanctions and evade the global US-dominated financial system. North Korea to Introduce Own Crypto A representative of the regime has indicated that the planned cryptocurrency will be the same as the other cryptocurrencies. Alejandro Cao de Benos, the head of the country’s crypto conferences, said that they are currently evaluating products that will offer the digital currency value. For now, the…

Bitcoin Cash Learns Block Size Economics, Ver Says BCH Not Restricted

Those who have followed the Bitcoin saga from the very beginning know that it’s a mistake in 2019 to only pay attention to the so-called “grandfather cryptocurrency,” as that would mean ignoring Bitcoin’s many relatives (and competitors) that share the same DNA. Bitcoin Cash (BCH), when it comes down to brass tacks, is similar to Bitcoin in most ways, but with one large distinction — it’s bigger block size of 32 megabytes. This is a result of BCH innovator Roger Ver’s idea that scaling should be possible on-chain, without third-party accelerators like the…

SEC Chair Clayton: Bitcoin Needs ‘Better Regulation’ Before Major Exchange Listing

Better regulation is needed around bitcoin markets before they can be traded on major exchanges, the head of the U.S. Securities and Exchange Commission said on Thursday. Speaking at CNBC’s Delivering Alpha conference, SEC Chairman Jay Clayton said investors are “sorely mistaken” if they think bitcoin and other cryptocurrencies undergo the same price discovery practices as products on top exchanges like the Nasdaq or New York Stock Exchange. “We have to get to a place, in my view — just speaking for myself — we have to get to a…

Warren Buffett has Enough Spare Cash to Buy Two-Thirds of All Existing Bitcoin – CCN.com

Warren Buffett isn’t much of a bitcoin fan. He’s called it rat poison squared, a gambling device, delusional, and a seashell with no inherent value. But, if he wanted to, he could become the biggest bitcoin whale of them all. Buffett could buy two-thirds of the existing BTC supply… in cash. Warren Buffett’s investment firm Berkshire Hathaway reported a record $122 billion cash pile in a recent filing. That’s about two-thirds of bitcoin’s current market capitalization of $177.6 billion. Sidenote: obviously, this isn’t actually possible. Only a small portion of…

Ethereum Tests 25% Capacity Increase as Network Fees Hit Bitcoin Level

Ethereum network participants are attempting to raise the network’s block size as a direct response to network congestion. Gas limit on course to become 10 million per block As various parties including co-founder Vitalik Buterin confirmed this week, testing is currently underway to improve network performance and reduce transaction fees.  “Given the current #Ethereum network congestion we have started to test raising the block gas limit to 10M gas,” mining pool Bitfly tweeted on Sept. 14. The move follows considerable upticks in Ethereum network usage, largely due to stablecoin Tether…