Bitcoin Price Can’t Reclaim $80K, Putting $70K On The Radar
Bitcoin price started a major decline below $80,000. BTC is down over 10% and might soon test the $70,000 support zone. Bitcoin failed to remain above $82,500 and started another decline. The price is trading below $80,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $79,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip further if it trades below the $75,000 and $74,000 levels. Bitcoin Price Dips Again Bitcoin price failed to remain stable above the $85,000 zone. BTC started a major decline below....
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Even though blockchain is seen to have a number of useful features for banks to utilize they are finding that putting these features into practice may prove difficult. The banking world may not trust the idea behind bitcoin, but they have realized that bitcoin’s underlying technology, the blockchain, has many valuable features that they could use, according to a Financial Times report. The technology can’t be hacked, is transparent, and allows anyone to view and verify trades on its system. However, while blockchain’s features were seen as the way forward at the beginning, it seems that....
Bitcoin & the Blockchain is the first of a series of O'Reilly Radar Summits, one-day events on disruptive technologies that are on the cusp of commercial viability. This first Radar Summit will offer an overview of crypto currency, security and compliance, payments, smart contracts, and a glimpse into the future of bitcoin. The Summit will be held in the Herbst Pavilion at Fort Mason, a unique art, performance, and meeting space on San Francisco's waterfront in the Golden Gate National Recreation Area.
An intervention by the Central bank of Kazakhstan would help stabilize matters a bit, although it would be quite a challenge to rebuild trust in the Tenge after three iterations of devaluing the currency. Moreover, consumers are not putting their trust in the Central Bank either, as the financial trouble has been putting a lot of negative attention on the financial institution. By the look of things, various central banks in the world are on the verge of issuing their digital currency. Whether or not this approach will put the concept of digital currency on the radar of consumers, remains....
No sign of a breakout as $33,000 becomes resistance overnight and altcoins trade mostly flat as a result of BTC price weakness. Bitcoin (BTC) stayed below the $33,000 mark on July 9 with a fresh price dip also putting an end to altcoin strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price flips $33,000 supportData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it ranged below a previous support level into Friday.Earlier in the week, $33,000 saw multiple tests but remained in place as support, this only coming undone on Thursday.$33,000 then....
Bitcoin is showing renewed fragility as price struggles to reclaim the $110,000 level, putting bulls on the defensive and exposing the market to further downside risk. Selling pressure has been building across the market, and BTC now finds itself probing lower demand zones as traders reassess positioning after recent volatility. While the macro backdrop remains […]