CoinStats Insights Predicted the Recent Bitcoin Pump

CoinStats Insights, an analytical tool integrated within the CoinStats cryptocurrency portfolio management app, was correct in predicting today’s bitcoin pump. One of the tool’s features, which catalogues a cryptocurrency’s buying and selling sentiment, noted a spike in buyer’s interest in the bitcoin market at around 08:00 UTC. At close to 59 percent, the bullish bias…

What Pumped Tezos (XTZ) by Up To 50% This Week

Tezos (XTZ) is returning impressive profits to its investors this week. The world’s fifteenth largest cryptocurrency was up 50 percent yesterday on a 7-day timeframe. It established a higher high of $1.474 according to data fetched by CoinStats’ cryptocurrency portfolio management app. The price slipped this Friday, but a marginal percentage, maintaining the upside streak…

Fed Rate Cut Leads Bitcoin Towards $10.5k

The price of bitcoin has started picking up momentum towards the $10,500 as the Federal Reserve confirms monetary easing. As of around 06:45 UTC, the BTC-to-dollar exchange rate was trading at $10,527, up 5.63 percent on a 24-hour adjusted timeframe, according to CoinStats’ crypto portfolio management app. The pair’s upside also influenced the rest of…

Facebook Goes Cold Feet on Libra Cryptocurrency

Facebook is doubtful about the launch of its controversial cryptocurrency Libra. The social media giant said in its SEC filing that they might not go ahead with their plans due to “significant regulatory scrutiny.” It also noted that Libra could adversely affect its business, reputation, or financial results. “Market acceptance of such currency is subject…

Bitcoin Rises Ahead of Fed Rate Cut Today

The bitcoin price has delivered two consecutive buying sessions on the daily charts. The world’s leading decentralized cryptocurrency established a intraday high of $9,780.96 during Hong Kong afternoon. While it has slipped by minor pips by the time of this writing, a newly developing fundamental on a macroeconomic scale is suggesting bitcoin would continue its…

Bitcoin Recovers Weakly, Bearish Bias Intact

The price of bitcoin recovered slightly during Beijing morning. Nevertheless, the risks of downside remain. The bitcoin-to-dollar exchange rate late yesterday established a low towards $9,108.88, per data provided by CoinStats’ cryptocurrency portfolio management app. The pair later recovered and surged towards the $9,729.87 level. However, the upside came alongside a weaker volume rate, questioning…