Bitcoin Drops Ahead of Global Central Bankers Meet

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…

Bitcoin and Gold are Collectibles: Fund Manager

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….

Bitcoin Uptrend Halts after Testing $12,000 as Resistance

The bitcoin price is looking to close Tuesday in a negative territory after posting seven consecutive bullish sessions. The bitcoin-to-dollar exchange rate today established an intraday high of $12,253.66, according to data fetched by CoinStats’ cryptocurrency portfolio management app. Nevertheless, the pair couldn’t sustain those gains for a longer time. In less than three hours…

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…

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…