Tag: Bitcoins

Bitcoin’s Price Is Nearing $10K On a Single, Troubled Exchange

Cryptocurrency exchange WEX continues to see prices well out of step with the broader market amid a near-total freeze on customer withdrawals. As CoinDesk reported, customers of WEX – a kind of successor to the now-defunct cryptocurrency exchange BTC-e – have been on tenterhooks since July 12, as they’ve largely been unable to get outbound payments processed. The only exceptions have been for the crypto assets tether and zcash (along with lower-volume, lesser-known alternatives like namecoin and novacoin) and the price disparities suggest that some WEX users are utilizing these…

Indicator Suggests Bitcoin’s $8K Price Rally Could Be Overstretched

Bitcoin (BTC) has had a bullish start to the week, but the momentum could wane in the next few days, technical studies indicate. The leading cryptocurrency rose to a two-month high of $8,130 on Bitfinex today, having witnessed an inverse head-and-shoulders breakout last week. The 40 percent rally from the seven-month low of $5,755 reached on June 24 has put the bulls back in a commanding position. Hence, further gains could be on the cards, albeit after a brief pause or a price pullback as a key technical indicator is…

3 Signs Bitcoin’s Move Above $7K Might Just Hold

The world’s largest cryptocurrency by market capitalization exploded in price Tuesday, jumping $600 in 30 minutes to break away from what had been suppressive bear market conditions. But entering Wednesday, bitcoin is changing hands at $7,370 and showing signs it might continue its ascent. In fact, when viewed on longer timeframes, it appears that the trend is changing, this time in favor of the always-optimistic bulls. But just how reliable is this move? So far, there are three general tools traders are using to analyze the markets in a quest…

Bitcoin’s Road Back to $7K (And the Chart Hurdles In the Way)

Having defended $6,000 last week, bitcoin (BTC) appears to be building momentum for a price rise, but nearby technical hurdles still present a formidable challenge. At press time, the world’s most valuable cryptocurrency is changing hands at $6,689 on Bitfinex and looks to be gaining steam for another test of $6,838. As such, the level is shaping up to be a make-or-break mark, one that could reveal if a classic trend reversal pattern, known as the inverse head-and-shoulders, will take effect. Indeed, a close above that level would amount to…

Bitcoin’s Price May Be Charting a Bull Reversal

Bitcoin (BTC) price could create a major bullish technical pattern in the next few days, technical charts indicate. It’s a slightly confusing picture at the moment, however. The recent short-term bullish bias has been neutralized following BTC’s close below (as per UTC) the 10-day moving average (MA) yesterday. Further, the risk of a deeper pullback to $6,000 (February low and psychological support) look to have increased after Tuesday’s 5.7 percent price drop. However, that does not necessarily mean the bears are back in a commanding position, since the cryptocurrency is…

100 Merchants Can Now Trial Bitcoin’s Lightning Network Risk Free

A few lucky merchants now have one less obstacle to accepting bitcoin payments via the Lightning Network. Revealed exclusively to CoinDesk, payment processing startup CoinGate is opening up a pilot program that will allow 100 merchants to trial a Lightning-enabled version of its service, one which taps into the open-source tech meant to make bitcoin transactions fast and cheap. As with CoinGate’s standard service, the company will handle the finer details of crypto-to-fiat exchange, however, the new pilot has the benefit of covering the costs should funds be lost due…

Regulating Bitcoin’s Unique Characteristics: CFTC’s Andrew Busch | CNBC

Andrew Busch, CFTC chief market intelligence officer provides insight to regulating bitcoin futures. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Regulating Bitcoin’s Unique Characteristics: CFTC’s…

Here’s What College Students Think Of Bitcoin | CNBC

America’s college students may not be sold on bitcoin. Here’s what they think of the cryptocurrency. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Here’s What…

Understanding Bitcoin’s Surge And Its Use Around The World | CNBC

James Altucher, Formula Capital managing director, and Spencer Bogart, Blockchain Capital managing director, break down what drives the bitcoin demand, its use and projected earnings. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+:…