Crypto Fact

Earlier today, the Bitcoin price rose to the $7,790 area and still keeps growing. As reported by U.Today earlier, Bitcoin has entered a buying trend and so it could be dangerous to short BTC as the flagship currency aims at retaking the $8,000 level .    Some analysts, though, keep betting on the bearish effect on the market, saying the Bitcoin price may go down. But others are joyfully saying that even though BTC might not surge right away, the overall uptrend is still intact. $13,000 level after a few months of trading sideways? Analyst @CryptoMichNL points out that even though the trendline inside the downtrend is still holding up, overall, the long term bullish trend remains. Bitcoin could trade sideways for a few months, he adds. However, on the chart, the analyst has drawn a rising line to mark the aim he expects Bitcoin to reach after that – the $13,000 area. $BTC   #BITCOIN ✅ Trendline inside downtrend still holding up. ✅ Long term trend is still active.

The legislation enables banks to sell and store cryptocurrencies from January 1, 2020. Other providers will now require a German license.       A new bill in Germany could enable banks to support the sale and custody of Bitcoin ( BTC ) and other cryptocurrencies by 2020. German news agency Handelsblatt  reported  on Nov. 27 that the bill now requires consensus from the country’s 16 states, having successfully passed through the Bundestag, the German federal parliament. Germany on its way to becoming a “crypto-heaven” At present, German banks and financial institutions are prohibited from facilitating the sale of cryptocurrencies for clients. If passed, the proposed bill will transform the status quo.  While an initial draft of the bill had reportedly included a “separation clause” that would have required banks to make recourse to external cryptocurrency custodians or dedicated subsidiaries, the latest version of the proposed law removes this. This will streamline ba

   Ethereum ( ETH ) co-founder turned Cardano ( ADA ) creator Charles Hoskinson said that he expects Bitcoin ( BTC ) to be back over $10,000 and reach $100,000 in the future. In a tweet  published  on Nov. 22, Hoskinson urged the cryptocurrency community that Bitcoin is more than speculation, putting the blame on the latest drop in price on news media “FUD” — or fear, uncertainty and doubt — and market manipulation.  A global movement Because there’s more to Bitcoin than just price movements, he expects the world’s biggest cryptocurrency to see more gains in the future. He said: “Bitcoin's price is going down? Remember everyone, after the FUD, news trading and manipulation clears out, we still have a global movement that's going to change the world. We will see 10k btc again and welcome 100k. Crypto is unstoppable. Crypto is the future.” Bitcoin’s recent price action As Cointelegraph  reported , Bitcoin and altcoins have seen a notable price decrease

  Friday, Nov. 15 — Crypto markets are mostly showing red candlesticks, while Bitcoin ( BTC ) fails to impress as it crawls its way below the $8,500 price point.    For most of the day, the world’s largest cryptocurrency has been trading within a tight range between $8,700 and $8,600, while taking a sudden swing below the $8,500 price mark during recent hours. Bitcoin is currently trading at a price of $8,480, showing a loss of 1.85% on the day.  Despite Bitcoin’s continued struggle to reach higher highs, Tom Lee, renowned Bitcoin bull, co-founder and Wall Street strategist at Fundstrat Global Advisors, said that he believes that Fundstrat’s $25,000 by 2022 forecast for Bitcoin is still “quite easy to achieve.” He said: “Cryptocurrencies are network value assets, meaning the more people hold the asset, the greater the value. In fact, it’s a log function — so if you double the users hold it, you get a quadrupling of value. To go to $25,000 you ess

Advertise with Anonymous Ads Coinbase Wants to Pay Interest on Crypto Coins, Sort Of By holding particular cryptocurrencies in a Coinbase account, the exchange says you’ll receive set returns independent of the market’s spikes.   This June, as the news bristled with headlines about Facebook’s  cryptocurrency-to-be  and the price of bitcoin once again soared, the mood in the San Francisco offices of Coinbase was subdued. In 2017, the cryptocurrency exchange was close to the  frenetic epicenter  of the bitcoin boom. Millions of people used its app to dip their toes into cryptocurrency speculation. Then came the crash. By now, according to Coinbase COO Emilie Choi, the company has weathered a few similar cycles and drawn an important lesson from the highs and lows: Booms don’t last. “It’s a roller-coaster ride here,” she says. “There’s no two ways about it.”     Sure enough, bitcoin plummeted that same afternoon, as cryptocurrency prices are wont to do.

Bitcoin logged double-digit gains in October, outperforming gold for the first time since June. The world’s biggest cryptocurrency by market value ended last month with a gain of 10.26 percent, snapping a three-month losing streak, according to Bitstamp data. Meanwhile, gold gained just 2.74 percent in October, having dropped 3.17 percent in September – the biggest monthly drop since June 2018. Bitcoin scored gains for five straight months from February to June – its longest winning streak since August 2017. Gold, however, registered losses in February, March and April. The yellow metal did inch higher by 1.7 and 7.9 percent in May and June, respectively, although gains were meager compared to bitcoin’s 62 percent and 25.89 percent rise in the same months. While BTC outshone gold by big margins in the five months to June, the tide turned in favor of the yellow metal in the third quarter. Bitcoin fell by 6, 4 and 13.5 percent in July, August and September, respectively.