NEWSBTC

Is There a Bitcoin Bull Case After 10% Plunge to $7,400? (newsbtc.com) 10/23/2019 - 2:22pm
On Wednesday morning, Bitcoin bears finally managed to get the upper hand over bulls. For those who missed the memo, the leading cryptocurrency’s price fell by 8% or so within a few hours’ time, falling from above $8,100 to as low as $7,400 in a dramatic blow to bulls. In fact, this move saw hundreds of millions of dollars worth of leveraged longs...
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Australian Law Enforcement Nets 20x Gains From Seized Bitcoin (newsbtc.com) 10/23/2019 - 2:00pm
Bitcoin is a wildly volatile asset, known for its massive price swings and for being the best performing asset of all-time. It’s made many early investors millionaires as a result. It’s even helped law enforcement gain over 2000% returns on a large sum of BTC that was seized as part of a sting on an Australian arms dealer, according to a new...
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Indicator Prints Massive Bitcoin Buying Signal, Price May Resume Uptrend - newsBTC (bitcoin.worldnewsoffice.com) 10/23/2019 - 1:13pm
Indicator Prints Massive Bitcoin Buying Signal, Price May Resume Uptrend newsBTC
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CryptoCompare Exchange Review: OKEx Tops Derivatives Total Trading Volume for September (newsbtc.com) 10/23/2019 - 1:07pm
In the report “ Exchange Review for September 2019 ” recently released by CryptoCompare, a cryptocurrency market data provider, the Malta-based cryptocurrency exchange OKEx has earned the distinction of being the top cryptocurrency exchange in terms of derivatives monthly volume. The exchange known for its spot and derivatives trading while...
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Bitcoin Collapses below $7,500 after Brexit Breakthrough (newsbtc.com) 10/23/2019 - 11:28am
Bitcoin took a deep dive on Wednesday to test the levels last seen in May. The benchmark cryptocurrency plunged by up to circa $566.29, or 7.65 percent, in just two hours of trading. The move downside brought bitcoin down to a session low of $7,402.20. While the price later corrected, its upside remained capped by the support-turned-resistance...
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Flash Crash Sends Bitcoin Price Below Key Moving Average (newsbtc.com) 10/23/2019 - 11:01am
Ouch. Over the past few hours, Bitcoin has finally seen some volatility play out after a multi-week lull, plunging below $7,500 after holding in the low-$8,000s for days on end. Per previous reports from NewsBTC , this move largely caught traders off guard, with there being a massive long liquidation event of over $200 million on BitMEX amid this...
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Bitcoin Crashes to $7,400 as Crypto Markets Falter (newsbtc.com) 10/23/2019 - 9:41am
After a long period of consolidation within the lower-$8,000 region, Bitcoin (BTC) has now garnered some decisive momentum and is quickly nearing the lower-$7,000 region, with over $500 in losses being posted within a few minutes. Analysts are now noting that this move is emblematic of a “long-squeeze,” which may mean that it is currently oversold...
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Bitcoin Has Enormous Long-term Value: US Congressman (newsbtc.com) 10/23/2019 - 9:00am
Bitcoin has an enormous long-term value, believes US Congressman Patrick McHenry . The North Carolina representative said decentralized cryptocurrencies like bitcoin are “very real, very important projects” that are still in the early stage of innovation. He noted that bitcoin’s real use case remains outside the grasp of financial industry, saying...
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Indicator Prints Massive Bitcoin Buying Signal, Price May Resume Uptrend (newsbtc.com) 10/23/2019 - 8:00am
A popular indicator used by cryptocurrency traders has just printed a massive “buy” signal for Bitcoin. As pointed out by analyst Moe Mentum, the TD (Tom Demark) Sequential , a time-based indicator used to signal trends, recently printed a massive “buy nine” for Bitcoin’s one-week chart. NewsBTC observed the same trend when it applied the TD...
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Gold Is the Top Safe Haven Asset, but Here’s Why Bitcoin Has Appeal (newsbtc.com) 10/23/2019 - 6:31am
Analyst, Chris Mancini claims governments are increasingly turning to gold, and not Bitcoin, in order to hedge against economic uncertainty. Motivated by geopolitical wranglings, as well as a desire to reduce dollar reliance, the Chinese and Russian central banks are driving demand for gold. Is Bitcoin now out of the picture? Gold Trumps Bitcoin...
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OKEx to Bring Together Crypto Industry Players to Form a Global SRO (newsbtc.com) 10/23/2019 - 2:00am
OKEx, the leading digital asset exchange platform has taken a step forward to make things better for the entire cryptocurrency industry. According to reports , OKEx is in the process of putting together players in the crypto industry to create a Global Self-Regulated Organization (SRO) so that a standard set of practices and policies are put in...
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Bitcoin (BTC) Price Approaching Key Support, Bears Back In Action (newsbtc.com) 10/23/2019 - 2:00am
Bitcoin price is declining after it failed to climb above the key $8,300 resistance against the US Dollar. The price is under pressure and it is now trading below the $8,000 support area. There was a break below a connecting bullish trend line with support near $8,080 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is...
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Venture Capital ‘Ice Cold on Crypto’, Until The Next Bull Market Anyway (newsbtc.com) 10/23/2019 - 2:00am
Crypto asset prices are not the only thing cooling off as the year draws to a close. Venture Capital investments also seem to be declining but these things happen in a bear market and at least twice before they’ve come running back as soon as the bulls take hold of things. Has VC Dried Up For Crypto? A recent dialog on crypto twitter suggesting...
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Bitcoin And Crypto Market Cap Resume Decline: LTC, BNB, BCH, TRX Analysis (newsbtc.com) 10/23/2019 - 1:00am
The total crypto market cap failed to climb above the $220.0B resistance and declined recently. Bitcoin price is down 3% and it is now trading below the $8,000 support area. Binance coin (BNB) price failed to stay above the $18.00 support and resumed its decline. Litecoin (LTC) price is down around 4% and it is approaching the $52.00 support zone...
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Weekly BTC Gains Wiped Out, Has Bitcoin’s Big Dump Just Begun? (newsbtc.com) 10/23/2019 - 12:40am
The signals have all been pointing to a large downwards move for Bitcoin and it may have just initiated as BTC drops below $8k yet again. Could this be the move that spells the return of the bear market and crypto winter, or will Bitcoin cling to support for another day? Bitcoin Back in The $7k Range Within the past hour Bitcoin has fallen back...
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Ripple (XRP) Price Trimming Gains While BTC & ETH Sliding (newsbtc.com) 10/23/2019 - 12:08am
Ripple price declined recently after it failed to climb above the $0.3030 resistance against the US dollar. The price is currently trading below $0.2950, but it is holding the key $0.2850 support area. There was a break below a key bullish trend line with support near $0.2940 on the hourly chart of the XRP/USD pair (data source from Kraken). There...
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Ethereum (ETH) Resumes Downtrend, Bitcoin Down 2% (newsbtc.com) 10/22/2019 - 11:08pm
Ethereum price is declining again after it failed to break $178 and $180 against the US Dollar. Bitcoin price is also moving down and it is likely to break the $8,000 support area. There is a key bearish trend line forming with resistance near $172 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at a risk of more downsides...
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Traders Beware: Indicator Signals Massive Bitcoin Volatility is Inbound (newsbtc.com) 10/22/2019 - 7:00pm
Bitcoin (BTC) has been caught in the throes of consolidation for the past several weeks and months, and it has failed to garner any momentum in either direction in the time since it plummeted below $10,000. This period of consolidation may soon be coming to an end, however, as one technical indicator is elucidating that a massive movement may be...
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Germany Fingers Anonymous Cryptos as Bigger Threat than Bitcoin (newsbtc.com) 10/22/2019 - 6:00pm
The German finance ministry has stated that criminal use of Monero (XMR) and Zcash (ZEC) is rising. In a recent report, it argued that use of anonymous crypto assets might one day replace that of Bitcoin on the dark web. The report is careful to highlight differences between different crypto assets. Whereas blockchain forensics firms can often...
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Crypto Market Cap And Bitcoin Climb Higher: BCH, BSV, BNB, ADA Analysis - newsBTC (bitcoin.worldnewsoffice.com) 10/22/2019 - 5:20pm
Crypto Market Cap And Bitcoin Climb Higher: BCH, BSV, BNB, ADA Analysis newsBTC
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Prominent Analyst Believes Bitcoin is Ready to Target Higher Prices (newsbtc.com) 10/22/2019 - 5:00pm
After incurring an influx of buying pressure yesterday, Bitcoin has been able to sustain its upwards momentum and has not faced any notable retrace in the time since its recent surge, which may point to growing strength amongst BTC’s bulls. One prominent cryptocurrency analyst is now noting that he anticipates BTC to see further upside in the near...
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Ripple Makes Sets Up Shop in United States Capital (newsbtc.com) 10/22/2019 - 4:00pm
The San Francisco-based company behind the XRP cryptocurrency has opened offices in the United States capital. This makes Ripple Labs the first company focused on blockchain technology to have a regulatory team in Washington, DC. In addition to the announcement, Ripple will be joining the lobbying group, the Blockchain Association. The firm has...
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Banks At Risk of Extinction Shows Why The World Needs Bitcoin (newsbtc.com) 10/22/2019 - 3:00pm
Bitcoin was designed to remove the monopoly banks have over the world’s wealth and put the control back into the hands of individuals, among many other reasons. A new, damning report on the weakness of the banking industry serves as a powerful example as to why the world needs Bitcoin. Banks Are In Danger of Failure Bitcoin was created by the...
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Crypto Visualized: Watch the Fall of Poloniex And Rise of Binance (newsbtc.com) 10/22/2019 - 2:00pm
Last week, crypto exchange Poloniex was “spun out” from the Goldman Sachs-backed Circle into its own, international brand, highlighting a lack of interest in the digital asset trading platform. A new data visualization is making way across the web, shows how Poloniex has fallen from grace over the last 5 years, and how during this time, Binance...
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Bitcoin Holds Gains against Trade Deal Hopes, Brexit Uncertainty (newsbtc.com) 10/22/2019 - 9:00am
Bitcoin was maintaining its weekend gains on Tuesday as investors assess positive outcomes from the ongoing US-China trade talks but remained uncertain over the Brexit deal. The benchmark cryptocurrency established a session high of $8,296.50, up 1.05 percent from the market open. The upside move was minor in the context of bitcoin’s recent losses...
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Bitcoin Price Volatility Approaches as Bulls Try to Outclass Bears (newsbtc.com) 10/22/2019 - 8:00am
Bitcoin has found itself stuck yet again. As of the time of writing this, the cryptocurrency is trading at $8,230, which is a price that implies BTC is down a mere 0.18% in the past 24 hours (as of the time of writing this piece). Related Reading: Happy 18 Millionth Bitcoin! BTC Scarcity Implies Large Price Rally While some analysts are expecting...
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Blockstream CEO Adam Back: How Bitcoin Sidechains Could Destroy Altcoins - newsBTC (bitcoin.worldnewsoffice.com) 10/22/2019 - 3:47am
Blockstream CEO Adam Back: How Bitcoin Sidechains Could Destroy Altcoins newsBTC
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Why Bear Market Ethereum Futures Are a Better Bet That Bitcoin’s (newsbtc.com) 10/22/2019 - 2:30am
The Commodity Futures Trading Commission (CFTC) is confident that Ethereum futures are likely to arrive in 2020. This could be good timing if altseason fails to materialize in the next few months and Ethereum prices remain low. Ethereum Futures Next Year At a fireside chat during the first day of DC Fintech Week, CFTC Chairman Heath Tarbert said...
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Bitcoin (BTC) Price Eyeing Another Leg Higher To $8,500 (newsbtc.com) 10/22/2019 - 2:00am
Bitcoin price is showing positive signs and is holding the $8,100 support area against the US Dollar. The price is likely to surpass the $8,280 and $8,300 resistance levels to continue higher. There is a short term declining channel or bullish flag pattern forming with resistance near $8,255 on the hourly chart of the BTC/USD pair (data feed from...
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Crypto Market Cap And Bitcoin Climb Higher: BCH, BSV, BNB, ADA Analysis (newsbtc.com) 10/22/2019 - 1:00am
The total crypto market cap is attempting to surpass a major resistance near the $216.0B level. Bitcoin price is correcting gains and is trading below the $8,200 level. BCH price is up more than 3% and is recently surpassed the $230 resistance. BSV price rallied more than 15% and it broke the key $110 resistance area. Binance Coin (BNB) is...
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Blockstream CEO Adam Back: How Bitcoin Sidechains Could Destroy Altcoins (newsbtc.com) 10/22/2019 - 12:41am
Early cryptocurrency developer and British cryptography expert Adam Back has been speaking at the Transylvania Crypto Conference about Bitcoin sidechains. The basic premise is that this additional functionality could render many of the altcoins simply unnecessary. Bitcoin Sidechains The Future It has been five years today since the original...
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Ripple (XRP) Price Following Uptrend, LINK & MATIC Outperforms (newsbtc.com) 10/22/2019 - 12:08am
Ripple price is gaining momentum above the $0.2920 and $0.2950 resistances against the US dollar. The price is up around 3% and it revisited the $0.3040 resistance area. Yesterday’s highlighted key bearish trend line was breached with resistance near $0.2940 on the hourly chart of the XRP/USD pair (data source from Kraken). Two altcoins – LINK and...
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Ethereum (ETH) Trading Sideways While Bitcoin Trimming Gains (newsbtc.com) 10/21/2019 - 11:08pm
Ethereum price is currently struggling to climb above $178 and $180 against the US Dollar. Bitcoin price is declining and it seems like it failed to stay above $8,220 and $8,200. There is a short term bullish trend line forming with support near $172 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover to $180 as long as...
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Analysts Target $0.33 for XRP Amidst Widespread Crypto Market Surge (newsbtc.com) 10/21/2019 - 7:00pm
XRP has been one of the big winners of Bitcoin’s recent bout of consolidation, as the cryptocurrency has been able to surge significantly over the past several days and weeks, putting some notable distance between its recently lows $0.24. Analysts are now noting that the cryptocurrency’s recent bullishness may be pointing to the possibility that...
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Bitcoin Flashes Bullish Signals as Bulls Hold it Above Key Technical Levels (newsbtc.com) 10/21/2019 - 5:00pm
After hovering around the $8,000 region for an extended period of time, Bitcoin has been able to garner some hints of bullishness as its buyers have pushed its price up over 3%. This latest surge further confirms the upper-$7,000 region as a strong level of support for BTC. Analysts are noting that today’s surge pushed BTC past multiple key...
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Bitcoin Mining Moves to Texas, Bitmain Announces Partner for Massive New Facility (newsbtc.com) 10/21/2019 - 4:00pm
The Bitcoin mining giant Bitmain has just announced that it will work with a Canadian startup to help create a facility with potentially 300MW of power in Texas. DMG Blockchain Solutions Inc. will be providing the Chinese firm with project management services. The news comes less than a week after a different startup announced its intentions to...
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Crypto Analyst Calls As Low As $300 Bitcoin, Cites Lack of Demand (newsbtc.com) 10/21/2019 - 3:00pm
While Bitcoin has risen at its peak over 350% in 2019 from its bear market bottom, the crypto asset failed to breach above a local high of $14,000 and fell short of retesting its previous all-time high of $20,000. The failure by bulls to push Bitcoin higher and reignite the FOMO from the crypto hype bubble has caused fear to take hold of crypto...
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Bitcoin Fixes This: Fake Gold Bars Could Turn Investors Toward Digital Counterpart (newsbtc.com) 10/21/2019 - 2:00pm
Bitcoin has been dubbed digital gold because the cryptocurrency shares many similar attributes with the precious metal. However, a recent situation involving a forgery crisis in the gold industry shows how one important aspect of Bitcoin gives it an enormous advantage over its physical gold counterpart and could drive more investors seeking a safe...
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Bitcoin Lacks Direction after Weekend Gains; Correction Incoming? (newsbtc.com) 10/21/2019 - 8:52am
Bitcoin was trading in positive territory on Monday to uphold gains it made during this weekend. The benchmark cryptocurrency surged by 0.07 percent to trade near $8,230 as of 1140 UTC. At its session high, it was trading at $8,301.85, which was 4.37 percent higher than Friday’s closing point. The upside came as a part of technical correction...
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Bitcoin And Crypto Market Rebound Facing Hurdles: BCH, EOS, TRX, ADA Analysis - newsBTC (bitcoin.worldnewsoffice.com) 10/21/2019 - 8:15am
Bitcoin And Crypto Market Rebound Facing Hurdles: BCH, EOS, TRX, ADA Analysis newsBTC
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XRP Is Top Performing Major Crypto Behind Bitcoin, But Criticisms Remain (newsbtc.com) 10/21/2019 - 5:53am
XRP continues a solid performance throughout October. This comes off the back of weeks of sideways action from Bitcoin. And while it’s too soon to call a start to altseason , XRP is still up 13% since the beginning of October, hovering around the $0.29 mark. However, critcisms of the relationship between Ripple and XRP, as well as Ripple itself,...
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Facebook Now Wants a Series of Stablecoins For Libra Crypto Project (newsbtc.com) 10/21/2019 - 2:30am
As the pressure continues to pile on Facebook, the social media giant is still determined to forge ahead with its grand crypto ambitions. As it realizes that the journey ahead is not going to be a smooth one the company is looking at alternative ways of getting its own currency off the ground and a series of stablecoins is its latest plan. More...
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Bitcoin (BTC) Price Recovers Above $8.2K But Approach Remains Cautious (newsbtc.com) 10/21/2019 - 2:00am
Bitcoin price is currently correcting higher and it broke the key $8,200 resistance against the US Dollar. The price is now consolidating gains below the $8,300 and $8,350 resistance levels. There is a short term breakout or bullish continuation pattern forming with resistance near $8,250 on the hourly chart of the BTC/USD pair (data feed from...
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Why Cryptocurrency is in The Spotlight For More Central Banks (newsbtc.com) 10/21/2019 - 1:30am
For most of its short life Bitcoin has been a plaything for computer geeks and largely ignored by banks and governments. That all changed in late 2017 when an epic rally sent prices soaring to new peaks. Since then central banks have been paying closer attention to cryptocurrency, especially in recent months as Facebook threatens to usurp their...
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Bitcoin And Crypto Market Rebound Facing Hurdles: BCH, EOS, TRX, ADA Analysis (newsbtc.com) 10/21/2019 - 1:00am
The total crypto market cap is currently correcting higher, but facing hurdles near $215.0B. Bitcoin price jumped more than 5% and it is trading above the $8,200 resistance area. EOS price is slowly moving higher towards the key $3.000 resistance level. BCH price is also up more than 5% and it is approaching the key $230 resistance. Tron (TRX)...
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Ripple (XRP) Price Eyeing Upside Break While Bitcoin Is Recovering (newsbtc.com) 10/21/2019 - 12:08am
Ripple price is slowly moving higher towards the $0.2950 resistance area against the US dollar. The price is facing an uphill task near the $0.2950 and $0.2980 resistance levels. There is a major bearish trend line forming with resistance near $0.2950 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could either rally...
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Ethereum (ETH) Could Recover To $180, Bitcoin Up 5% (newsbtc.com) 10/20/2019 - 11:08pm
Ethereum price is currently correcting higher and is trading above $172 against the US Dollar. Bitcoin price is up more than 4% and it broke the key $8,200 resistance area. There was a break above a key bearish trend line with resistance near $172 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover further towards the $...
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Crypto Tidbits: Fidelity Expands Bitcoin Ops, Ripple’s XRP Sales Fall, Grayscale Sees Growing Altcoin Demand - newsBTC (bitcoin.worldnewsoffice.com) 10/20/2019 - 10:33pm
Crypto Tidbits: Fidelity Expands Bitcoin Ops, Ripple’s XRP Sales Fall, Grayscale Sees Growing Altcoin Demand newsBTC
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Institutional Longs on Bitcoin Price Grow as Bear Momentum Wanes (newsbtc.com) 10/20/2019 - 7:00pm
Despite the harrowing price drop seen in late September, institutions are expecting for the Bitcoin (BTC) price to soon head higher — at least for institutions involved in the Chicago Mercantile Exchange (CME) futures market. Industry analytics provider Skew recently observed that long positions held by institutional accounts — pension funds,...
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Bitcoin Price Likely Bottomed at $7,700 , Will Resume Uptrend: Indicators (newsbtc.com) 10/20/2019 - 5:00pm
Since Bitcoin’s bulls were sidelined in late-June, cryptocurrency investors have been wondering at which point will the pain stop, at which point will BTC resume its uptrend to potentially new all-time highs. For months, nobody had an answer. Bitcoin fell through $13,000, then $10,000, then $8,000 most recently. And still, some are calling for...
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