Price ($): 3749.69 (2.75799%)
Price (฿): 1
Market Cap: $65,787M
Volume (24h): $8208M
As per an all new article published by the Toronto Star earlier yesterday, a Canadian drug dealer (Matthew Phan) whose operations were recently unearthed by a local police agent on the deep-web is now fighting to retain possession of half his altcoin holdings (a figure that is estimated to be worth around 144 BTC). The crypto coins were seized from Phan during a raid that took place last year, and if police estimations are to be believed, the stash is worth CAD $1.4 million, As mentioned earlier, Phan is arguing that out of his total altcoin holdings of around 300 BTC, only half of the funds were used to facilitate illegal, drug-related activities. A Detailed Look at the Case According to local reports, Matthew Phan is a 30-year old university dropout who since being caught last December, has pleaded guilty to the following charges: Illegally purchasing a firearm Procuring a gun silencer Being in possession of large quantities of banned street drugs In addition to this, it is also
Since the beginning of this year, the U.S. Securities and Exchange Commissions have been actively involved in the digital currency space with certain institutions seeking the approval of a Bitcoin (BTC) exchange-traded fund. In addition to this, the recent comment of Robert Jackson Jr – a former SEC commissioner – that it’s just a matter […]
A new transaction in the Bitcoin (BTC) network helped a wallet address become one of the top-50 richest in the world. The transfer included 20,000 BTC, more than 0,11% of the current Bitcoin supply and was processed on February 13. There have been 25 wallets contributing to the total volume of BTC that were transacted to the recipient address. Because of this transaction, this address is now included among the top 50 Bitcoin wallets in terms of funds. The largest Bitcoin wallet address has currently more than 138,000 BTC, equal to almost 0.8% of the total Bitcoin circulating in the market. There is no specific information regarding who is the owner of this address or why they have processed such a large transaction. The Twitter account Whale Alert informed that the transaction was processed. This transaction can be a large entity such as an institution or cryptocurrency exchange that is moving funds between wallets. This
Bitcoin BTC/USD Price The price of Bitcoin is currently on the same level as on yesterday's open as the price is currently sitting at $3680. Looking at the hourly chart we can see that the price of Bitcoin has interacted again with the resistance line from the current descending channel in which it is correcting since the increase we have seen on last Friday. The price is as I mentioned on the same level as on yesterday's open and is above the 0.382 Fibonacci level which could mean that the buyers are attempting another breakout and that we could, in fact, see it today. Wave structure implies that a move to the downside should be expected from here before we wee a breakout and if that is true than the most probable target for that decrease would be to around $3600 area or even lower to around the next horizontal resistance which is now most likely serving as support at $3553. The more this stagnation is lasting the more I believe that it was only correctional. If this is true then we
While crypto has done a lot of good in the world by allowing people to send money at record speeds and removing the monopoly held by large Institutions, there has been a significant number of downsides to the use of the currencies. One of these is its use for Crime. Cryptocurrencies, particularly privacy coins, have been used by a number of criminal organizations to carry out their activities. The primary reason for this is that cryptocurrencies, by their nature, are decentralized and thus, it is harder to track down the perpetrators of crypto-related crimes. Monero, for example, has become popular among kidnappers and blackmailers because it is largely untraceable. ISIS and Bitcoin Now, it seems ISIS is taking a similar route as recent events suggest that the terrorist organization has taken a liking to bitcoin. On January 15, 2019, the Akhbar al-Muslimin website formally solicited for bitcoin donations on their site, leaving a link to a wallet address. According to them, these
For the past nine days, Bitcoin has been consolidating between the tight range of $3550 and $3650. The overall picture hadn’t changed and is still under bearish conditions. However, two signs could change the bigger picture for the near short-term. Regarding the open short positions, after reaching the long-term trend-line, there was a possibility of […]
Bitcoin is currently rallying around the price point of $3,600 and has reached the highest price of around $20k in December 2017. The obvious question is, why Bitcoins are so valuable, even though it has no real-world entity backing it? The answer is a little complicated and we would look…
With the bear market and the ever-evolving trends of Bitcoin, there are many analysts and experts that have voiced their opinion of exactly where Bitcoin will go from here. Predicting these trends is difficult, considering that the traditional financial market is so much different from cryptocurrency. Still, one Bitcoin supporter and self-proclaimed "financial revolution prepper" named Financial Survivalism has made his own prediction. According to Financial Survivalism, Bitcoin could easily drop down to $1,165 soon, claiming that the "Hyperwave" form of price analysis was applied to make this determination. The individual also said that reaching Phase 1 of the formation would result in a massive spike at that level. On Twitter, Financial Survivalism added, "@MustStopMurad is calling for a bottom in #Bitcoin in the $1,600 - $2,300 area. I'm calling for a return to Phase 1 of the #Hyperwave at $1,165 & could see it spiking even lower. I proposed a 0.1 $BTC bet & Murad accepted!
The government-owned post office in Liechtenstein has begun offering a cryptocurrency exchange service. Initially, the post office in the capital city of Vaduz will sell BTC, with four more cryptocurrencies planned. The service is in partnership with Zug-based Värdex Suisse, the operator of "the largest crypto ATM network in Switzerland."
Listen to the February 15 Crypto.IQ Daily Radio Show On this edition of the Crypto.IQ Daily Radio Show, we do a deep dive market analysis. Bitcoin (BTC) is showing volatility this morning, but in general, continues to be on a slow downtrend since the February 8 rally. Major cryptocurrencies are mixed this morning.… Read more
Bitcoin: USD/BTC (BTC=X) Volume Spikes, But Price Remains Unfazed At the time of writing, Bitcoin is trading down nominally at its current price of $3,620. Ever since BTC made its large price swing last Friday, it has been trading sideways around its current price levels. Earlier today, BTC experienced a massive and unusual trading volume spike that […]
There are lots of Bitcoin and crypto related predictions these days especially after the bearish 2018. Most crypto experts expect this year to be better pricewise and they expect crypto mass adoption as well. The price-related predictions about Bitcoin vary from shy surges to pretty huge ones. BTC to reach $740,000 One such bullish prediction … Continue reading "Bitcoin Predictions: BTC Could Reportedly Reach $740,000 And Resurrecting Mt. Gox Could Boost Crypto"
Even in the midst of a bear market, some investment firms were still seeing an influx of investment from investors. The creator of GBTC – Grayscale – saw an average investment of $2 million on a weekly basis during the last quarter of 2018. About 66 percent of all the investments were from institutions, while […]
Cryptocurrencies and Bitcoin (BTC) continue to expand all over the world. The government-owned post office in Liechtenstein is now offering Bitcoin to interested users. This post office located in Vaduz, the capital of the country, is now seeling the most popular virtual currency and will also offer new digital assets in the future. In order to do so, the company has partnered with the Zug-based company Värdex Suisse, which is the largest operator of cryptocurrency ATMs in Switzerland. The company, Post AG informed that they are selling Bitcoin at the counter of the post office in Vaduz. The main intention of this initiative is to search for new business opportunities. The official announcement reads as follows: "After an introductory phase, the offer will be extended to other post offices and the exchange of additional cryptocurrencies… It will then be possible to change Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and Ripple (XRP)." After purchasing the BTC,
An investor in Brazil reportedly paid over 6 times the current price of Bitcoin. He bought 0.0047 BTC for 340 Brazilian reals, which equals to about $91. However, this was actually worth less than $15. What's interesting is that he paid the price of about $19,400 per Bitcoin which equals its all-time high. The trade was made at Brazilian crypto exchange TeamBTC. One possible explanation for this happened is that the user has made a large market buy order that, due to the exchange's lack of liquidity, eventually reached very high values. TemBTC founder Renato Abreu said that he was probably someone with little knowledge and who carried out the order to market. Even though this was a nightmare for the investor, but we can be happy seeing large buy orders. Order books have been collapsing recently due to a large buy order, but the trend is expected to change in the near future. TeamBTC was recently acquired by Bitcoin Banco Group. Valid for customers of the exchanges and physical
Bitcoin is currently trading at $3,623, down .09% in the past 24 hours after trading between a high of $3,692 and a low of $3,608 since February 10, according to data compiled by CoinMarketCap. Binance Coin is the top gainer among the 10 biggest cryptocurrencies by market cap, up 5.23% at time of publishing. The […]
Since its invention, BTC has always stirred up powerful emotions in the masses. Either people hate it, or they love it. The Libertarians are one group that really loves the BTC and what it represents. The anarchists too adore it. However, the environmentalists have no love for it while the politicians do not trust it. The final group is people that really hate it and go out of their way to show it. The Ones That Love To Hate The BTC When people dislike something, they immediately try to stay far from it. However, for some, staying clear of the BTC is not an option. They have to keep coming back at it to show their revulsion and fascination in equal measure. This group will defend this love-hate relationship by claiming they just want to protect the masses from the danger that it poses. However, their inability to leave it alone shows they are harboring a deep fear. These people are afraid that crypto may take over the fiat world, which could render all their achievements redundant.
50 D EMA is about to break (as expected and published previously). But a good volume is needed right now. Without a good volume the whole pattern will be invalidated. I have had the big green oval target for weeks now (it is the area that price and 21 W EMA will kiss each other) and if we see a good volume soon, this target will remain valid for m...
BTCUSD spiked up and touched the resistance trendline for the third time and indicated potential downside move. I'm expecting excact move with classic behaviour on key levels i highligted. 3200$ per BTC is my longterm target. Will keep you updated guys. Good luck and wish you best trading week ever.
I thought while I'm at it, I would update the Elliot wave count heading lower. As posted a few weeks back, I give the current low in December a small chance that it was the final low, and I see currently, wave 4 taking longer than expected. What would change my mind, and believe the bottom is in? Bitcoin's price really needs to be a powerful move ...
This chart was posted in twitter (15th) expecting a push up to be stopped by the 50 DAY EMA (red box), and it did reject the price. Now in terms of the waves, we appear to be done with the ABC (green) move up and an assumption was that C wave can have 5 sub-waves (yellow). It is clear that wave (3) was very extended, so sometimes wave (5) will fiz...
Let’s take an objected look at BTC on Bitfinex. Here are some facts: We had a nice $360.00 (USD) short-squeeze. In the past Bitcoin Universe, a move like this usually happened in one candle and was considered nothing more than a little move! But today, this was a 10-percent squeeze; nothing to sneeze about! EXCEPT, almost half has been given back....
We are at strong falling trend.Every time the market try to grow huge sells happening. I saw none market turn at the same circumstances with the same amount of volume(it's very low for turning) Without massive panic and big sells. Without long accumulation. Markets just don't turn in the opposite direction like that. I'm waiting new dips till 23 f...
These are my top long picks for the time being. Most have yet to jump, so there is time to still get in early! I have some other favorites (HOT, ADA, LSK, CVC, ARK, XRP, TRX, etc...), but I think they have already jumped or are going to take some more time. Did I miss one? Post it below with your anaylsis so we don't miss out.
Easy thinking with bitcoin. There are two important rejections. One around 4.4k and another one at 3.4k. 3.8k is the mid step and act a support and resistance. A break above 3.8k will be an important bullish sign. A rejection is a neutral sign until 3.55k hold (-3.5% from now). After that there is still 3.4k (-7% from now). The most logical think ...