It’s a season of bitcoin price predictions. Some believe the cryptocurrency is heading to zero, while other forecasts it would hit a seven-figure valuation. Joining the club of crystal-ball astrologists is Dan Morehead of Pantera Capital, who sees bitcoin at $356,000 in a couple of years from now. The founder said in a podcast interview…
US Treasury Secretary Steven Mnuchin is the new Nouriel Roubini for bitcoin enthusiasts. The comparison borrows fat from the White House official’s string of verbal attacks on the cryptocurrency. Last week, he called bitcoin “a national security threat,” sending it down by as much as 16 percent in just 12 hours. And then, Mnuchin appeared…
The price of bitcoin remained defensive on the fourth day of its prevailing downtrend. The world’s leading cryptocurrency went below the crucial support of $10,000 right ahead of the Asian market open. It continued trending downwards across the rest of the session, rippling a similar sentiment during the European trading hours. As of 16:00 UTC,…
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…
The bitcoin price is trending slightly inside a negative territory at the beginning of this week. As of 07:21 UTC, the bitcoin-to-dollar exchange rate was $10,584.80, down 0.03 percent since the Asian session open. On a 24 hour trajectory, the pair plunged by a mere 0.19 percent, per data provided by CoinStats’ cryptocurrency portfolio management…
The Stellar (XLM) price is looking stellar on an intraday basis. The XLM-to-dollar exchange rate has surged by more than 9 percent in the last 24 hours. As of 10:10 UTC yesterday, the pair had established $0.09 as intraday peak. While the pair slipped later, it retained an overall bullish sentiment. The move upward closely…
The price of bitcoin is trending in green after falling more than 30 percent in a week. The world’s largest cryptocurrency on Thursday soared above the $10,000 level after rising circa 10 percent within minutes. The move uphill took the asset to a new intraday high of $10,799, after which it underwent a minor bearish…
The price of Litecoin appeared stronger on Wednesday after a terrible bloodbath it witnessed 24 hours back. The LTC/USD exchange rate recovered by an impressive 16 percent to establish an intraday high of $95. The pair dropped slightly lower ahead of the US session but managed to secure interim support near the $89 level, according…
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…
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…
