Bitcoin Price Will Hit $11,000, Predicts a Bigwig

Improving technical bias for bitcoin could have it touch the $11,000 level pretty soon, believes Mohit Sorout of Bitazu Capital – a Bengaluru-based Alpha hedge fund. The partner predicted the upside action after studying bitcoin based on Fibonacci retracement levels. As he noted, the cryptocurrency lately bounced wildly from 61.8 percent Fibonacci level. Earlier before,…

Gamblers Crash Bitcoin to Below $7,500; Is It a Bullish Setup?

The bitcoin price crashed on Wednesday after spending almost a month in a flat trajectory. The bitcoin-to-dollar exchange rate was trading at $7,480 as of 1735 GMT, down 8.86 percent on a 24-hour adjusted timeframe. Earlier today, the pair had established a fresh intraday low of $7,296.44, according to data collected by CoinStats’ cryptocurrency portfolio…

Bitcoin Uptrend Halts as US and China Agree to Resume Trade Negotiations

The interim uptrend of bitcoin is losing steam as risk-on sentiment got a boost after the United States and China agreed to resume trade talks. The benchmark cryptocurrency dropped by as much as 0.77 percent to $10,497.53 in early morning trade in Asia, snapping a five-day winning streak. Price had touched $10,833.14 on Wednesday, according…

BAT Hits Quarter-Billion Valuation after Wikipedia Integration

The market capitalization of Basic Attention Token (BAT) retested the $250-million territory shortly after declaring that it has added Wikipedia to its list of verified publishers. Data on CoinStats’ cryptocurrency portfolio management app showed that BAT soared towards a $260 billion market cap as of about 0730 UTC today. The move uphill pushed the BAT-to-dollar…

Bitcoin Rises $780 in 4 Hours; What’s Driving the Pump

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 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….