After registering a dismissive performance late last week, bitcoin has opened Monday with a bang. The bitcoin-to-dollar exchange rate surged by $780, or 7.88 percent, to establish its intraday high towards $10,680, according to data provided by CoinStats’ cryptocurrency portfolio management app. The move uphill appeared technical – wherein traders found psychological support around the…
Bitcoin is sliding downwards as investors await the meeting of global central bankers in Jackson Hole, Wyoming, starting today. The bitcoin-to-dollar exchange rate today plunged to $9,810.44, according to data provided by CoinStats’ cryptocurrency portfolio management app. At its weekly best, the pair was trading as high as $10,879.38. The move downward came despite warnings…
A fund manager associated with Pennsylvania-based investment management firm Valley Forge has questioned the safe-haven status of both Gold and its digital rival Bitcoin. Dev Kantesaria said in an interview with Business Insider that both the assets are no less than collectibles. “You are actually not buying any protection, you’re simply speculating,” the analyst noted….
The big secret at the core of Bitcoin is the identity of its creator, the pseudonym known as Satoshi Nakamoto. There have been many who claimed they created the benchmark cryptocurrency protocol – and failed. The most popular claim is from an Australian cryptographer Craig Wright – who literally sues anybody who questions him. However,…
Bitcoin is no longer behaving as a safe-haven asset for investors looking for refuge from shrinking stock markets. The benchmark cryptocurrency dropped by more than 15 percent this week. It established a weekly low of $9,577 on Thursday, according to data fetched by CoinStats’ cryptocurrency portfolio management app. While there was a minor jump as…
Bitcoin traded lower on Wednesday as the US delayed its plans to introduce fresh tariffs on some Chinese goods, registering yet another instance wherein the cryptocurrency shows correlation with macroeconomic events. The bitcoin-to-dollar exchange rate established an intraday low of $10,574.08, according to data fetched by CoinStats’ cryptocurrency portfolio management app. That brought the pair’s…
Blockchain projects that raised capital via the distribution of digitized private securities yielded 87 percent losses, according to the Block Crypto. The cryptocurrency news and research service found that the so-called initial coin offering projects, or ICOs, raised at least $14 billion to $65 billion between August 2014 and December 2018. But 90.2 percent of…
A daily poll conducted by CoinStats shows extremely bullish results for bitcoin. The cryptocurrency portfolio management app, which has close to a million users across the globe, found that 53.74 percent of its active users want to buy bitcoin. At the same time, merely 19.93 percent of those users want to sell their bitcoins, and…
The bitcoin price has surged by 13.37 percent after trending in green for five consecutive days. As of 1040 UTC, the BTC/USD instrument was trading at $10,769.14, up 2.57 percent on a 24-hour adjusted timeframe. Earlier today, the pair had established $10,827.85 as its intraday high, according to data provided by CoinStats’ cryptocurrency portfolio management…
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…
