Crypto News Reviews 

Bitcoin News Digest Wednesday, August 16, 2017

Bitcoin’s Next Civil War Battle May Already Be Looming Hi everyone, it’s Yuji from Tokyo. I’ve been writing about the trials and tribulations of bitcoin for more than a year.   Bitcoin hitches a ride to space as satellites set to beam crypto down to earth Blockstream plans to duplicate the blockchain, which underlies Bitcoin, on satellites and then beam down access to more far-flung parts of the world.   Bitcoin at $4,000: Even 50 Percent Collapse Would Preserve Best Asset Status As Bitcoin stays above $4,000, even a loss…

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Crypto News 

Bitcoin Price Records Minor Correction & Falls to $4,070, Potential Factors

“After recording a new all-time high at $4,410, bitcoin price fell to $4,070, experiencing a minor correction” writes unknown author for cryptocoinsnews.com. Hence, a minor correction in bitcoin price after a strong rally should not be a concern for investors and traders.For instance, in the last week of July, bitcoin price decreased from $2,700 to $2,400, by $300.At the time, Antonopoulos noted: “The reason bitcoin price is dropping is the rapid 1500% rise in 2 years, especially the last 3 months.Despite the recent decline in bitcoin price, highly respected analysts…

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Crypto News 

Bitcoin is back above $4,000

“Bitcoin is back above $4,000 a coin on Wednesday, as the digital currency pars back losses” writes Oscar Williams-grut for businessinsider.com. Elsewhere in the crypto space, Bitcoin Cash, a new digital currency spun off from the Bitcoin network at the start of the month, is down 3.6% against the dollar to $293.00.Bitcoin fell below $4,000 late on Tuesday after a sensational rally on Sunday and Monday that saw the cryptocurrency break the $4,000 and $4,500 mark for the first time. Ethereum, the second biggest cryptocurrency by market cap after Bitcoin, is…

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Crypto Markets News 

Bitconnect Coin Hits New All-Time High at $115, as Bitcoin Price Surges

“In addition to the rapidly growing value of BCC, it is important to acknowledge the depth of the BCC market” writes unknown author for cryptocoinsnews.com. Throughout last week, during the strong rally of bitcoin, Bitconnect Coin (BCC) gained upward momentum, surpassing the $100 mark for the first time in history and establishing a new all-time high at $115.For years, Monero had remained within the top 10 largest cryptocurrencies list and this week, as BCC recorded a historic rise in value, Bitconnect overtook some of the largest cryptocurrencies in existence.According to…

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Crypto Markets News 

Bitcoin Price Watch; Hedging The Decline

“Looking the other way, if we see price break above resistance, we are going to enter a long trade towards 4075” writes unknown author for newsbtc.com. As we noted in this morning’s coverage, we were well overdue a near-term correction in the bitcoin price and so long as wider markets don’t panic and sell off their longer-term holdings in anticipation of a deeper decline, everything will be all right. Source: newsbtc.com Share This:

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Crypto Markets News 

Bitcoin tumbles below $4,000

“Get the latest Bitcoin price here” writes Frank Chaparro for businessinsider.com.au. These kind of drops are part and parcel with bitcoin, according to Dwyer. “For everyone who is new to bitcoin, this is where we say ‘welcome to crypto-trading,’” he added.Bitcoin has been on a tear following the August 1 fork that split the cryptocurrency in two.Bitcoin has tumbled below $US4,000, down 7% at 3,996 a coin, after a strong surge pushed the cryptocurrency’s price to almost $US4,500 on Monday.Goldman Sachs told clients in a recent note that the cryptocurrency…

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Crypto Markets News Stocks 

If bitcoin were a stock, here’s where it’d rank on the S&P 500

“If bitcoin was a stock (which it isn’t), it would be the seventy-fourth biggest by market capitalization, just behind Adobe and Netflix on the S&P 500” writes Arjun Kharpal for cnbc.com. Bitcoin hit another record high on Tuesday, with the continuing rally bringing its market capitalization within touching distance of major stocks like Netflix. Adobe has a market cap of $73.6 billion while Netflix is worth $73.8 billion, putting bitcoin within touching distance of both.This makes it the highest market capitalization yet.Bitcoin’s market capitalization — the total number of coins…

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Crypto News 

Money Management Firm Calls Bitcoin a ‘Fad’ then Files for Bitcoin ETF

“Over the weekend, the digital currency jumped to over $4,000 for the first time, quadrupling its value since the beginning of 2017” writes unknown author for cryptocoinsnews.com. Most notable was the Winklevoss twins bitcoin ETF, which was rejected by the SEC in early March.Money management firm VanEck has filed for a bitcoin ETF despite claiming that the digital currency was a ‘fad.’ Regardless of the recent user activated hard fork (UAHF), which saw the creation of bitcoin cash, bitcoin’s value has soared. Foster concluded by saying that while the blockchain…

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Crypto News Reviews 

Bitcoin News Digest Tuesday, August 15, 2017

New Goalposts Set For Bitcoin, $7,500 by Year End The recent surge in Bitcoin price has caused stock researcher Ronnie Moas to re-evaluate his initial prediction of $5,000 to $7,500   Here's What's Next for the Bitcoin Bubble Expect more rivals to make the scene and take market share from Bitcoin.   Bitcoin Surpassed $4,300 But 99.98% of World’s Capital is On The Sidelines – CoinJournal On August 14, the price of bitcoin surpassed the $4,300 mark, achieving yet another new all-time high. Amidst a strong week-long rally triggered by…

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Crypto Markets News 

Bitcoin Breaks past $70 Billion Market Cap

“Hitting this milestone will also mean Bitcoin will have a market cap of roughly $83 billion, which could lead to a $100 billion market cap” writes unknown author for cryptocoinsnews.com. This could be the result of a number of reasons: If we look at the charts below for the total global market capital for Bitcoin and total market capital (just altcoins excluding Bitcoin) you will see that the total market cap is on the rise, while the total market cap for cryptocurrencies has dropped in the past two days.Right now,…

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