News

Goldman Sachs Gets Bullish on Bitcoin With a Price Target of $13,971

August 13, 2019
In a note to customers, Goldman Sachs gave a bullish forecast for Bitcoin price. Shared on Twitter, Aug. 11, the note suggests a short-term target of $13,971. Bullish analysis based on Elliott Waves The target given is based on Elliott Wave Theory, which forecasts market trends by identifying extremes in investor psychology, along with price […]

Bitcoin Mining Industry’s Exponential Growth Just Won’t Stop

August 12, 2019
A decade ago when Satoshi Nakamoto unleashed the Bitcoin network, the security behind the protocol was guarded by only a few miners. These days, mining the SHA-256 algorithm has become a thriving industry that hasn’t stopped growing. Bitcoin Mining Pools and ASICs Change the Game Every waking second of the day, bitcoin miners are crunching […]

Bitcoin Price Retakes $10K But Remains Short of Bull Revival

July 29, 2019
View Bitcoin has again charted a recovery to above $10,000, but the outlook remains bearish with the lower-highs pattern intact. The recent gains may be short-lived, as the recovery seen in the last 24 hours is stuck at key resistance levels and lacks volume. A UTC close above $11,120 is needed to revive the bullish […]

Norwegian Air to Accept Bitcoin Through Exchange Set up By Founder

July 25, 2019
Norwegian business magnate Bjørn Kjos and his family have reportedly set up a cryptocurrency exchange and plan to introduce bitcoin payments at their airline, Norwegian Air Shuttle. As reported by local business newspaper Dagens Naeringsliv (DN) on Tuesday, the new exchange is dubbed Norwegian Block Exchange (NBX) and is slated to launch in August. The magnate’s […]

German Regulators Approve $280 Million Ethereum Token Sale

July 22, 2019
Fundament, a blockchain startup coming out of stealth mode, has received the green light to issue the first tokenized real-estate backed bond that can be widely offered to individual investors. Announced Tuesday, the Berlin-based firm has obtained approval from Germany’s financial regulator, BaFIN, for the 250 million euro ($280 million) offering. By virtue of being […]

Crypto Analyst Says Bitcoin Price Could Hit $100,000 During Next Bull Run

June 25, 2019
ThinkMarkets chief market analyst Naeem Aslam predicts that bitcoin (BTC) will hit somewhere between $60,000 and  $100,000 during its next bull run, according to a Fox Business interview on June 24. Aslam had previously predicted on June 17 that BTC would hit $10,000 in “a couple of weeks,” citing institutional involvement as a major driver. Bitcoin successfully reached the five figure […]

Bitcoin Price Tops $10K for First Time Since 2018

June 23, 2019
Bitcoin’s price soared above $10,000 on cryptocurrency exchanges for the first time in 15 months. The price hopped the $10K barrier at 7:35pm Eastern Time. At press time, the top cryptocurrency by market capitalization is trading at $$10,080.49 – the highest level since March 8, 2018 – representing month-to-date gains in excess of 13 percent, […]

Above $300: Ether Price Clocks 10-Month High

June 22, 2019
The price of ethereum’s native cryptocurrency ether (ETH) surpassed $300 today to hit ten-month highs. The world’s second largest cryptocurrency by market capitalization climbed above the psychological hurdle at 01:10 UTC and extended gains further to $306 – a level last seen on August 19, 2018. As of writing, ETH is changing hands at $304, […]

Bitcoin Price Eyes $10K After Erasing 40% of Bear Market Drop

June 21, 2019
View Bitcoin’s price has recovered 40 percent of the bear market drop. The breakout has bolstered the bullish setup on the weekly chart, which is currently reporting the strongest buying pressure in six months. As a result, BTC looks set to break above the psychological resistance of $10,000. The price has already rallied nearly 130 percent […]

Bitcoin Price Breaches $9.6K to Hit 400-Day High

June 20, 2019
Bitcoin’s price has set another new high for 2019, reaching $9,599 before retracing slightly to end Thursday’s trading. At 18:00 UTC on June 20, the world’s largest cryptocurrency by market capitalization broke upwards on the daily chart, after being held beneath $9,348 for an extended period of time. The move to fresh 2019 highs comes […]