At press time, bitcoin is trading for just over $3,800. This is no different from where it was during out last price piece, suggesting that the currency may be settling down for the time being.
However, we are witnessing bitcoin as it stands at a 15-month low. While the currency dropped closer to $3,600 earlier in the week, bitcoin worked itself hard enough to maintain its present position over the past few days.
Bitcoin is down 10 percent in the past 24 hours and has set a new low for the year. The currency has been struggling to stay above $4,000, but it looks like the bears have the upper hand, at least in the short term. The currency slumped below $3,400 on most markets overnight and has since then looked increasingly likely to head to $3,000. At press time, Bitcoin was trading at $3,377 on BitMEX, Coinbase Pro and Kraken.
The rest of the market has also been heavily battered, with Ethereum trading at $86, Stellar down 17 percent to $0.
BitGo has a new CEO for its custody business.
The cryptocurrency solution provider has recruited Richard Corcoran as its new chief executive officer. Having retired some years back after over 30 years in the traditional banking and finance industry, Corcoran has come out of retirement to lead the BitGo Trust Company, BitGo's crypto custody arm.BitGo received approval from the South Dakota Division of Banking in September 2018, empowering it to act as a qualified custodian of digital assets for its institutional investors.
Bitcoin has once again failed to sustain its price at the crucial $4,000 level, shedding close to 10 percent in just a day to fall below $3,600 level on some key markets. The currency was trading at $3,660 at press time, but on some markets such as the dominant BitMEX, the currency had dropped to $3,545. On the Japanese exchange Liquid, Bitcoin was trading at $3590, with Coinbase Pro seeing a similar trend at $3,557.
The digital currency’s woes were not made any better by its coverage on mainstream media outlets, most of which have projected the image of a dying technology that’s on its way to a silent death.
At press time, the father of cryptocurrency is trading for just over $3,800. This is about $100 less than where it stood during our previous price article, and it is unlikely bitcoin will undergo another price rally anytime soon.
Bitcoin has fallen so badly that many cryptocurrency mining companies are beginning to sell their equipment at massive discounts.
The Bitfury Group has recently announced a partnership with crypto payment processing system Paytomat, working to bring the Lightning Network to Paytomat’s participating merchants.
According to a recent Medium post made by LightningPeach, “Bitfury’s in-house specialized Lightning Network engineering team,” the Bitfury Group is pouring its resources into Paytomat’s wallet and vendor system, enabling “users and merchants on the Paytomat system to send and receive bitcoin payments over the Lightning Network almost instantly.
Bitcoin has fought to trade above $4,000 in December and for the most part, it has succeeded. However, the very crucial support level was breached yesterday as the currency lost 5 percent to drop to $3,830. However, it has since recovered to trade above $4,000. The support level seems quite fragile and at press time, the currency was trading at $4,023, up 3.1 percent in the past 24 hours. The currency will however surpass its all-time high by the end of next year according to the CEO of Japanese crypto trading platform Quoine.
Where 2017’s dizzying price highs embedded “hodl” into the public consciousness, 2018 was the year in which “buidl" became a trend in the crypto-industry — and Bitcoin was no exception.
Anticipated in Bitcoin Magazine’s first cover story of 2018, Bitcoin’s technological progress only accelerated this year. Improving Bitcoin from around the world, developers and entrepreneurs furthered Segregated Witness adoption, rolled out the Lightning Network, released privacy solutions, realized sidechains and made progress on a Schnorr signature solution — all of which were still around the corner only a year ago.
As the market continues to tumble (and mining profits have dwindled), Bitcoin’s mining difficulty dropped by its largest percentile in seven years — the second largest downward correction in the cryptocurrency’s lifetime.
The last time bitcoin experienced an adjustment on par with this recent one was on October 16, 2011, when it dropped 13.
At press time, bitcoin is off to a poor start in December having slunk down below the $4,000 line once again. Presently, the father of crypto is trading for just over $3,800, marking a nasty $300 fall since our previous price piece.
The situation is giving rise to many questions: will this December be the first one in three years in which bitcoin fails to grow? Will we fall beneath the currency’s 14-month low of $3,600 attained last Thanksgiving, and what will the early portion of 2019 hold?
Chart by PentarhUdi
Perhaps the biggest questions center around the Securities and Exchange Commission’s (SEC’s) scheduled decision regarding the VanEck SolidX bitcoin exchange-traded fund (ETF).
After having its worst month in seven years, Bitcoin has kicked off December with resilience and resolve. The currency began the month trading just below $4,000 but it quickly shot up to claim the level and hasn’t looked back since. At press time, Bitcoin was trading at $4,150. The currency dropped from its monthly high of $4,301, but it has shown resilience to trade above the very crucial $4,000 support level.
The other cryptos also saw a slight drop, with Bitcoin Cash, Bitcoin SV and Cardano being the only top ten cryptos not on the red.
It seemed like an eternity, but November has finally concluded, thus ending the worse month in the past seven years for Bitcoin. After November woes typically comes an exciting December. Last year, after dipping to local lows in November of US$6,000, Bitcoin saw an explosive rally to its all-time high of $20,000 the following month. Will the holidays bring joy to crypto markets this year?
Yesterday, moon calls were spread as December had surely began with a bang.
Bitcoin has fallen by roughly $200 since our last price piece, but the father of crypto is still managing to retain a position in the $4,000 range.
Overall, it’s been something of a mixed time for bitcoin. The currency shot up to $4,300 earlier in the week after it had been trapped in the $3,000 range since Thanksgiving, but later fell to approximately $3,900 on Friday, November 30, 2018.
Is cryptocurrency becoming more mainstream? It could be if one of America’s most prominent game shows features an entire category devoted to it.
The November 29, 2018, episode of “Jeopardy!” — which has been on the air since 1964 — offered five unique questions centered around cryptocurrencies and their technology to test out its contestants’ knowledge on the subject: The results reveal that they did indeed know their fair share.
The “cryptocurrencies” category occurred in the game’s first round, with answers worth $200, $400, $600, $800 and $1,000 depending on their order and level of difficulty.
At press time, the father of cryptocurrency has spiked to roughly $4,300. This is a $700 rise from last week’s bloodbath that saw bitcoin trading for roughly $3,600 at Thanksgiving time. It was an ugly period that many of us don’t wish to repeat, but are analysts bullish about the sudden rise, or is it just a fluke?
Bitcoin has risen by approximately 16 percent since last week.
For the first time, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has traced illicit bitcoin activity to the public addresses of two sanctioned individuals.
According to a November 28, 2018, press release, the department is bringing action against Ali Khorashadizadeh and Mohammad Ghorbaniyan for their alleged involvement in the SamSam ransomware scheme.
Just in time for the holidays, a U.K. startup is launching a line of crypto-themed toys
Concerned about the absence of provenance and authenticity for designer toys, CryptoKaiju has launched a set of uniquely collectible toys that are traceable on the blockchain. Its flagship first figure, designed to illustrate a monster with a Bitcoin theme, is dubbed “Genesis,” a nod to the first block in a blockchain.
Speaking at the ongoing CoinDesk's Consensus Invest conference in New York, U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton spoke on why his agency hasn’t yet approved a bitcoin exchange traded fund (ETF). But the rationale behind his words is nothing his crypto-friendly audience hasn’t heard before.
Clayton explained that his agency might not approve a bitcoin ETF anytime soon as the agency's issues are yet to be addressed by market operators.
The recent delay of Bakkt and Bitcoin Cash fork drama have both worked to amplify the effects of an already brutal bear market over the course of the past weeks. As the Bitcoin price spiraled below US$4,000, more and more investors, traders, and miners have been forced out of their positions. Is the bottom in, or is there still a sea of red to come?
While market sentiment continues to reveal that most are calling for Bitcoin to continue to fall, the fundamentals are in place to suggest that BTC still has a bright future.
At press time, the father of cryptocurrency is trading for just under $3,700. This is about $200 less than where it stood on Sunday.
The currency continues to suffer from falling prices, though some reports suggest that its dominance is on the rise, likely due in part to the price drops. Now that bitcoin has lost nearly half its value in just a few short weeks, to say it’s “more affordable” would be something of an understatement.
After a bearish year of perennial price swings that culminated in months of tightly wound sideways movement, the (former) bottom has dropped out for bitcoin and the wider crypto market.
By all rights, it’s a complete reversal of fortune from the explosion of value the market enjoyed this time last year, and mainstream media has had a field day exploiting the irony of the peripeteia bitcoin’s price has suffered when we compare it to the investor euphoria of just a year ago.
An unconfirmed report released today, November 27, 2018, claims that NASDAQ has plans to launch bitcoin-based futures contracts, and that these plans are continuing to go forward despite the recent crypto crash.
Bloomberg published an article today describing NASDAQ’s history with these futures contracts, claiming that they have “been working to satisfy the concerns of the U.
Disclaimer: The parent company of Bitcoin Magazine, BTC Media, LLC, is an affiliate of Po.et.
Today, November 27, 2018, the Po.et team has taken its next step toward the verifiable web as it officially launches its proof-of-existence protocol on the Bitcoin mainnet.
According to Po.et CEO Jarrod Dicker, media is a business and journalism is a product. Po.et was founded on the premise that good journalism and a profitable business model should go hand in hand.
Bitcoin continues to tumble lower and lower as it struggles to claim any footing in the market. It’s down almost 50% in three weeks and it’s showing very little sign of stopping. It’s currently clutching onto the $3,500 values but it doesn’t look like it can hold on much longer.
BTC-USD, Daily Candles, Macro DowntrendUnfortunately, the consequence of a parabolic market is that, toward the tail end of the parabolic move, it doesn’t bother to retest or establish strong support.
Кто знает подойдет ли этот кошелек для постоянного приема в сатоши? Я просто майнить не решился, но написал несколько ботов для того, чтобы они собирали с кранов монеты. Я так понял, что это веб-кошел...