Tag: Bitcoin

Aion Token Project Estimates 18-Month Runway After Bitcoin and Ether Sales

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Cash is king – especially during a crypto winter. That’s the takeaway from a report out Wednesday from the Aion Foundation, which raised $23 million worth of bitcoin, ether and fiat through a token sale in October 2017. Compiled with the help of Deloitte, though not formally audited by the Big Four accounting firm, the report details how Aion has been managing its crypto war chest, providing a rare level of transparency for a token project. According to Aion Foundation CEO Matt Spoke, the foundation has sold off half of…

$5K Bounce? Bitcoin Price May Have Hit Bottom For Now

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  Bitcoin (BTC) could be in for a stronger recovery rally in the next few days, having found a temporary bottom near $4,000. The leading cryptocurrency, which hit a 14-month low of $4,048 on Bitstamp yesterday, is now trading at $4,580, representing a 2 percent gain on a 24-hour basis. The $500 recovery seen yesterday indicates that the market is finally paying heed to the record oversold levels reported by the 14-day relative strength index (RSI). Currently, the indicator is still hovering in oversold territory below 30.00. As a result,…

Bitcoin Price Eyes $6.2K Amid Further Drop into Bear Territory

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  Bitcoin’s (BTC) reversal of the recent uptrend in prices is gathering pace and a drop into a bearish territory below $6,200 is now a possibility, technical charts indicate. The leading cryptocurrency found acceptance below the lower edge of the rising channel yesterday, invalidating the bullish price action witnessed earlier this week. Essentially, the rally from the Oct. 31 low of $6,201 has ended at a high of $6,540 reached on Nov. 7. At press time, BTC is trading at $6,350 on Coinbase, having clocked a five-day low of $6,335…

Recovery in Doubt as Bitcoin Price Drops Out of Bullish Channel

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  Bitcoin is painting a less bullish picture than 24 hours ago, following a drop out of an ascending price channel. Stepping back, the leading cryptocurrency picked up a strong bid at $6,200 on Oct. 31, keeping the crucial 21-month EMA support intact. Further, it witnessed a symmetrical triangle breakout earlier this week, suggesting that bulls had come out victorious in a tug of war with the bears. The breakout had looked legitimate as the technical indicators turned increasingly bullish. In particular, the relative strength index rose to a three-month…

This Bitcoin Price Chart May Give Early Warning of Next Bull Reversal

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That bitcoin (BTC) has likely found a bottom around $6,000 is now generally accepted, so the challenge for investors and traders is to spot the early signs of a long-awaited bullish reversal. Basic technical theory suggests that a bearish-to-bullish trend change is confirmed after the price invalidates a “lower highs” pattern – a series of descending peaks. As such, bitcoin needs to rise above the September high of $7,400 to confirm a major bullish breakout. That would mean the number one cryptocurrency by market cap needs to rally close to…

Insider Secret #91 Real Estate VS Bitcoin

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 Bitcoin is making it’s rounds across markets and media nationwide. Kent shares his view of Cryptocurrency vs Real Estate and which investment will build you … I so let’s talk real quick, I’ve been getting asked a lot about Bitcoin versus real estate people are asking me what my thoughts are is this something they should be doing? I figured I would take the time on this video to kind of give you where I am at this moment in time which quite frankly is a very very uneducated…

Crypto Market Tumbler Services and Exchanges Used to Launder over $80 Million

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This article by Elizabeth Gail  was originally published at CoinCentral.com  A crypto market investigation launched by the Wall Street Journal has revealed that almost $90 million worth of cryptocurrencies has been laundered through cryptocurrency exchanges based in the United States within the past two years. According to the investigative article, tens of millions of dollars worth of ill-gotten Bitcoin and an assortment of other cryptocurrencies have been converted into the Monero privacy coin. This is via 46 cryptocurrency exchanges based in the United States. 2,500 crypto wallets were tracked during the course of the investigation,…

Bitcoin Unexpectedly Rises to $6,600

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  Within the past six hours, the cryptocurrency market has added $5 billion to its valuation as Bitcoin demonstrated an unexpected increase in its price. 1-day chart of total crypto market valuation, chart provided by Coinmarketcap.com Throughout the week, Bitcoin struggled to demonstrate recovery in its volume and momentum, as it fell below the $6,500 mark, a level which the dominant cryptocurrency managed to sustain for several weeks. Since August 9, the price of BTC has remained relatively stable in the range of $6,400 to $6,800. Apart from one instance…