There are always people looking at the current price trend of Bitcoin and other cryptocurrencies. As all markets continue to lose value, it would seem there is no real reason to buy Bitcoin right now. At the same time, opportunities like these do not come around all that often. With the right information in hand, a well-weighed decision can be made accordingly.
The Bitcoin Facts Plain and Simple
Regardless of the current Bitcoin price, it wouldn’t necessarily make a lot of sense to invest in the world’s leading cryptocurrency.
Finnish tax authorities have handed over information on 2,700 bitcoin traders to its Danish counterpart, Skattestyrelsen (SKAT).
According to a press release, the traders used an undisclosed Finnish exchange to collectively purchase and sell some $15.
At press time, the father of cryptocurrency has seemingly recovered by a small margin and is now trading for just over $3,400. This is about $100 more than where it was during our previous price article.
The cryptocurrency market seems to be moving sideways at the time of writing. We can all be thankful that entitles like bitcoin, Ethereum and Ripple’s XRP have taken a stance against their previous downward motions, though it’s probably safe to say that recovery is not quite here yet.
Bitcoin has recovered its $3,500 support level after seeing slight losses to trade just above $3,400. In the past 24 hours, the currency has gained a modest 1.76 percent to trade at $3,500 on most major markets. On Bitfinex, the currency was trading at $3,538 at press time. Most of the other cryptos have seen green as well, with EOS leading the charge at 7.3 percent. The Ethereum competitor has regained the lead over Bitcoin Cash, jumping to the sixth position.
The current battered market provides the best opportunity to get into the market.
German blockchain startup Bitwala has launched crypto banking in Germany.
After securing €4 million (roughly $4.5 million) from VC firms Earlybird and Coparion in September of 2018 to develop a crypto banking solution, the company has allegedly amassed a waiting list of 30,000 potential users.
Former Mt. Gox CEO Mark Karpeles has run into trouble in the Japanese legal system, and prosecutors are pursuing a 10-year jail sentence for alleged embezzlement during his tenure at Mt. Gox.
According to a local Japanese news outlet, Karpeles is under indictment for embezzling 341 million yen ($3 million USD) of customer funds into his own personal account.
A new program to set up Lightning Network micropayments, tippin.me, has recently entered beta testing.
The developer for this project described some of its details on a Reddit thread to the r/Bitcoin subreddit. The dev says that it “allows you to receive tips (micro-payments) over the Lightning Network, anytime, anywhere, without needing a LN node,” by means of “a simple web custodial wallet.
We continue to think the US will not fall into recession the minute the new year clock strikes one, but the sentiment is growing by leaps and bounds that 2019 is going to be awful for the US–economy unless something comes along to reverse the trend–and recession is well-night certain for 2020
These are the words of Barbara Rockefeller, the renowned economist, forex trading expert and best-selling financial author.
At press time, bitcoin is trading for just over $3,300, meaning there’s no change since our previous price article. At least we can be grateful that bitcoin, albeit temporarily, is exhibiting enough strength to withstand any further needs to drop lower.
Bitcoin is now being subjected to mass speculation. Rather, the alleged “bitcoin bubble” is the subject of that speculation. Many analysts and news sources are discussing bitcoin’s historic 82 percent drop since the beginning of 2018 and appear convinced that bitcoin was nothing more than a fad that couldn’t live up to all the hype.
The holiday season is here. And even if crypto prices are on the coal heap, you can still have fun spreading some holiday bitcoin cheer.
For the bitcoiners in your life, this could mean a crypto-related gift as a token of solidarity. After all, what better way to commiserate with fellow HODLers than decking their holiday halls with bitcoin-themed gifts? What better way to say “we’re in it for the long haul” than with a hardware wallet? Or “I’ve got your back — literally” than with a bitcoin t-shirt?
From wallets to node-hosting hardware to general swag, here’s a list of some of our favorite gifts for bitcoiners of all kinds — from newbies to early adopters, moon shooters to techies, and everyone in between.
SFOX, an institutional crypto trading platform, recently released a comprehensive, data-packed analysis on the possible causes of the volatility in the cryptocurrency space over the month of November.
The report, which SFOX released on their website, covers a large amount of raw data, looking at factors such as price fluctuation on a day-to-day basis and trading volume.
Last week, it was reported that a Bitcoin whale had moved thousands of bitcoin into different wallet addresses. Between December 1 to December 6, 2018, the whale split 856,000 bitcoin between 107 wallets, sending an equal 8,000 BTC into each wallet.
Speculators have formulated different hypotheses since the monstrous sum was moved. Was it a market whale moving funds to Over-the-Counter (OTC) markets? Could the sender be the Foundation for Economic Education (Fee.
The crypto market has experienced a red wave in the past 24 hours, with Bitcoin shedding some of yesterday’s gains to trade just above $3,500. The crypto king had soared to $3,680 yesterday on the back of a surprisingly positive Sunday trading session, but it has since regressed, albeit slightly. The rest of the market has accompanied Bitcoin in its regression, with Ethereum and Stellar leading the decline at 6 percent each. In the top 50 currencies, the only cryptos in the green are stablecoins including TrueUSD, Tether and Circle’s USD Coin.
At press time, bitcoin is trading for a little over $3,600 according to popular exchange Bitfinex. Depending on which exchange data you look at, the father of crypto is trading for anywhere between $3,500 and $3,700, meaning bitcoin presently has a trading range of roughly $200.
It’s an ugly situation no matter how you look at it considering bitcoin was trading for just over $3,800 during our last price piece, suggesting that the currency is currently in “drop mode” yet again. However, earlier this morning, the currency was trading for as low as $3,200, so the fact that it could spike an additional $400 or $500 in that time suggests the asset is still putting up a solid fight, though how much fight it has left is open to question.
It’s green again! Bitcoin has recovered and is performing strongly, gaining 6.3 percent in the past 24 hours. The currency hit $3,680 earlier today, a level it last hit on Thursday. At press time, the currency was trading at $3,636 according to data from CoinMarketCap. In some markets such as the Hong Kong-based HitBTC, the currency was trading north of $3,750 and was showing no signs of regression any time soon.
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.
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...