Is This Man the Reason Behind the Bitcoin Price Surge?
Bitcoin price analysts are struggling to identify the rationale behind the sudden price spike in the cryptocurrency’s value as it broke the US$400 mark on November 3, surpassing a market cap of more than US$6 billion. One thing for sure is that nobody can deny the effect China has had on the market in November 2013, the first time it surged past the US$500 mark. This time around, however, things might be a little different. According to research done by Finance Today’s Izabella Kaminska, this recent Bitcoin rally could be caused by a Pyramid Scheme named MMM, orchestrated by Sergei....
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Ethereum price has broken its last year $22 record. What is the reason for such a powerful surge? ETH/USD. What caused the price surge. There are several reasons for the price rally. They arise from the technical analysis and news. One of the major volatility factors is the conference that took place in Sydney, on March 7-9. The event was devoted to the current problems and future opportunities in the crypto industry. As for the technical part of the price rally, Ethereum price has stopped at a key resistance of the $20 point. At that mark, there are key lines ending the entire trend from....
Ethereum is one of the most popular cryptocurrencies and the largest altcoin available in space. However, the huge price surge of ETH means that investors may be looking for other alternatives to invest in. This guide will discuss three popular cryptocurrencies and review why a price surge for ETH is not as likely as these […]
The first two-quarters of the year 2017 have seen the crypto industry experience a massive growth in awareness and adoption. From a perspective of economics, the high demand for Blockchain products, whether for preliminary investigations or systematic adoption has automatically generated an influx of capital which consequently reflects the value of the tokens of these Blockchains. The growing Blockchain partnerships offers an explanation for the significant increase in market capitalization of various cryptocurrencies and the consequent surge in Bitcoin price and several top altcoins.....
Fast Money trader Brian Kelly was on the show recently to talk about Bitcoin’s recent price surge. The surge which had happened at the end of the weekend had seen the price of Bitcoin rise over 10% to surpass $39,000, gaining over $4,000 within a day. Brian Kelly agreed with show host Melissa Lee saying that the short-covering contributed to the price surge. Kelly explained that a high number of short coverings around the asset saw the price shooting up as the weekend drew to a close. A lot of factors have been speculated to have given rise to the price spike. Related Reading....
Bitcoin price has continued its surge in the most recent rally that began last week and is close to ringing in the $600 milestone. The Bitstamp Price Index (BPI) struck a high of $585 today, continuing its strong surge that began during the last days of May. Having plateaued around the $450 mark for much of the past few weeks, BPI soared from $469.40 to $500.56 on May 28th, in a rally that started the day before and one which is now nearing toward $600. At the time of publishing, bitcoin was trading to the dollar at $584.52. Today’s high of $585 on the BPI rang in at 07:45 UTC. The last....