Bitcoin Slips Below $10,000; Where It Would Go Next?

Bitcoin price fell on Tuesday as investors wrapped their heads around increased financial regulations. The bitcoin-to-dollar exchange rate today established an intraday low of $9864.99, down 5.67 percent on a 24-hour adjusted timeframe according to data provided by CoinStats’ cryptocurrency portfolio management app. The move downhill came as a part of a broader downtrend, which…

Facebook’s Libra Cryptocurrency is Transformative: UK Chancellor

Facebook’s plan to launch Libra, a payment cryptocurrency, is potentially a step in the right direction, believes Philip Hammond. The UK chancellor said in an interview to CNBC’s Squawk Box that Libra could be transformative in shaping the payment industry, adding that the UK regulators are willing to work with Facebook in making that happen. “We…

Bitcoin Price Slips Below $9,500 Following Facebook Hearing

The price of bitcoin fell below the $9,500 level soon after US lawmakers questioned Facebook executive David Marcus on its cryptocurrency plans. The BTC/USD exchange rate established a fresh intraday low of $9,426.61, down 13.17 percent from the market open. The downside price action brought the pair 31.94 percent lower from its year-to-date high of…

Bitcoin SV Analysis: BSV/USD Appears Like a Lost Cause

The price of Bitcoin SV (BSV) dropped two days in a row to extend its bearish sentiment. The BSV/USD exchange rate on Sunday established an intraday low of $131.40, down 21.11 percent from the weekend top. The move downside brought the pair’s net pullback from YTD high of $255.62 to 48.74 percent. At the same…