Bitcoin

A Move to $50,000 is “On the Table” for Bitcoin

Bitcoin has seen some mixed price action as of late, with bulls struggling to defend the cryptocurrency against a break below $40,000 as bears try to reverse its momentum The crypto’s ability to hold above this level is promising, but it remains unclear as to how long it will hold If bulls can flip this […]Read More

Bitcoin

If Bitcoin follows the path it set during the 2016

Bitcoin has exploded over 100 percent higher over the past four weeks, moving from $20,000 to highs around $42,000. While the cryptocurrency is facing an ongoing retracement, analysts are confident that it is still on a path of growth on a macro scale. According to Ecoinometrics, a cryptocurrency data outlet, Bitcoin is likely to rally […]Read More

Bitcoin

Bitcoin is now worth half of all silver in the

With a market cap of almost $780 billion, Bitcoin is currently worth half of all the silver that has ever been mined. According to data from Infinite Market Cap, Bitcoin has also surpassed tech giants Facebook, Tencent, and Alibaba in terms of market cap, as well as Warren Buffett’s Berkshire Hathaway. Facebook, Tencent, Alibaba dethroned […]Read More

Bitcoin

Bitcoin Weekly Outlook: Expect Bull Rally to Resume on Poor

Bitcoin opened lower this week as prospects of an orderly transition of power in Washington and a spike in US Treasury yields hammered the cryptocurrency’s overextended rally. The BTC/USD exchange rate slumped by up to 12.67 percent on Monday, logging an intraday low of $33,333. Some analysts claimed that it was a natural price correction, […]Read More

Litecoin

Litecoin Hash Rate Down 60% Since August Halving

Three months after the August 2019 halving, the Litecoin hash rate continues to tumble with mining profitability reaching all-time lows. This massive fall in mining activity signals yet another negative report for the altcoin with reports earlier in the year suggesting developers weren’t interested in contributing to its cryptocurrency code. Litecoin Miners Abandon Ship Data […]Read More

Ethereum

Ethereum Analyst Sees Record High This Week as Price Climbs

The cost to purchase one Ethereum might exceed its previous record high this week. That is, according to Josh Rager. On Monday, the independent market analyst said that he sees ETH/USD making a run towards the $1,250-1,350 area as resistance. Meanwhile, a clear breakout move above the said range would have the pair test its […]Read More