Bitcoin’s Strong Year Continues in Push to $800
Bitcoin price struck a new yearly high of $794.39 on the Bitstamp Price Index (BPI) today as the cryptocurrency continued its collective surge in 2016. Having started the year at $432 in trading, the price of bitcoin to the USD has gained a remarkable 80% so far. With less than a fortnight to go, 2016 has proven a strong year for the cryptocurrency. At the crack of Monday (UTC), price was already trading at $788.46. Shortly after, a flurry of activity saw price jump to $791.39 in a 20-minute period. Subsequently, steady trading ensued in the early hours of the day before bitcoin charted a....
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Who has the most recent bitcoin move right, the bulls or the bears?
As Bitcoin continues its bull run, the top alts by market capitalization have also made strides of their own. Ripple shot to new all-time highs (ATHs) this week and Litecoin has now activated SegWit, a block size and scalability protocol change. Litecoin will continue to receive further protocol upgrades made possible through SegWit activation. Ethereum is due for a protocol change, Metropolis, in the form of a hard fork sometime later this year. From a user standpoint, a competitive protocol change and upgrade environment with active developers amongst the top coins ensure these....
Bitcoin’s price action has been largely favoring sellers throughout the past several days and weeks, with bulls unable to catalyze any strong momentum while the cryptocurrency continues facing intense selling pressure each time it attempts to push higher. The lack of sustainable momentum seen throughout the past few days and weeks has struck a serious […]
Bitcoin has reclaimed the $85,500 level after a strong move to the upside, reigniting hopes for a push toward the psychological $90,000 mark. However, despite the recent bullish momentum, uncertainty continues to weigh heavily on global financial markets. Fears of an escalating trade war and broader macroeconomic instability are keeping investors cautious, even as Bitcoin […]
Bitcoin’s price is supported by “robust network fundamentals,” says ARK Invest. If more companies allocate a portion of their balance sheet to BTC, the price could skyrocket. The Bitcoin (BTC) price could be headed a lot higher as more companies allocate a portion of their treasuries to the digital asset, according to new research from ARK Invest. In its annual Big Ideas report, ARK said Bitcoin’s price would increase by roughly $40,000 if “all S&P 500 companies were to allocate 1% of their cash” to BTC. This scenario isn’t entirely unrealistic as support for the BTC network continues to....