Bitcoin has attempted numerous times to stay above $48,000, but without much success so far. The currency is trading just below it, currently at $47,500 after it briefly reached $48,100. Before it, yesterday it went as high as a very brief $49,000, but somewhat quickly gave way downwards to a local low of $46,800. We can clearly see bitcoin has […]

Tesla announced on Monday it had purchased $1.5bn worth of Bitcoin, which boosted the entire cryptocurrency sector. However, some criticized the move due to the added financial risk this imposed on the automaker. Today the BBC joined in with the criticism by saying this undermines Tesla’s environmental credentials. “Critics say electric-car firm Tesla’s decision to invest heavily in Bitcoin undermines […]

Bitcoin today smashed through its short-term “bearish ceiling” set after running into resistance earlier this week. With the level now out of the way and cleared, the asset’s larger parabolic move continuing is “imminent,” according to one crypto capital manager. Here’s what the rest of the parabolic move might look like, once the uptrend regains its previous momentum. Bitcoin Blasts […]

A new report published by Elwood Asset Management has revealed that publicly traded cryptocurrency mining firms are moving from being relatively small in the industry to become significant industry players. The in-depth report details that publicly traded firms including Argo Blockchain, Hive Blockchain, Marathon Patent Group, Riot Blockchain, and Bit Digital have been able to raise around $800 million over […]

Bitcoin has reached a new high of above $48,300 with it jumping by more than 5% today after testing support twice. The currency is rising on news Twitter is considering adding bitcoin to its balance sheet, continuing momentum of a new trend as companies – which are sitting on $10 trillion in cash – think of diversifying to bitcoin. Speculation […]

One of the biggest bank in the world is to begin offering bitcoin and crypto services to investors. “Growing client demand for digital assets, maturity of advanced solutions, and improving regulatory clarity present a tremendous opportunity for us to extend our current service offerings to this emerging field. Pending further evaluations and approvals, we expect to begin offering these innovative […]

A confluence of two classic technical indicators suggests Bitcoin will hit $50,000 in the short-term. Dubbed as Bull Flag and Bull Pennant, both the patterns represent a period of consolidation after a strong uptrend, except with different structures. For instance, Bull Flags appear like downward sloping channels, wherein an asset moves lower while leaving behind a trail of higher lows […]

Former Wall Street trader and popular cryptocurrency strategist Max Keiser has revealed he believes bitcoin’s parabolic rally is helping investors escape a collapsing monetary system that is leading to the destruction of the value of fiat currencies due to quantitative easing and other stimulus measures. In a Cambridge House International interview, first spotted by Daily Hodl, Keiser said he sees […]