Difficult to Charge Cryptocurrency Exchange UPBit Since No Investors Affected: Expert

Experts in the cryptocurrency sector of South Korea have stated that it will be difficult for the government and local financial authorities to file charges against UPbit, South Korea’s biggest cryptocurrency exchange, given that no investors were affected. Funds Real, No Investors Affected Last week, CCN reported that UPbit was raided and investigated by local

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$25,000 in 2018: Bitcoin Bull Tom Lee Sticks to Strong Forecast Despite Failed Prediction

Widely followed cryptocurrency analyst Thomas Lee’s short-term market forecast may not have materialized, but he’s sticking with his bullish long-term prediction despite the setback. If anything, Fundstrat Global Advisors’ Lee is digging in his heels even further, reportedly reiterating his forecast for a $25,000 BTC price by year-end. What Happened Lee placed a great deal of stock

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Fundstrat’s Bitcoin Price Rally Prediction Fell Flat: Tom Lee Explains Why

Fundstrat Global Advisers is a finance market strategy firm well-known for making bullish predictions on cryptocurrency prices. Co-founder Thomas Lee posted the group’s predictions that the bitcoin price would reach up to $64,000 by the end of 2019, citing the future trajectory of Bitcoin mining infrastructure growth as an underlying cause. He also predicted $91,000

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Bitcoin Price Watch – BTC/USD Declines Further, Drops Below $8,200

Bitcoin Price Watch

On Friday morning, Bitcoin price continued its downward movement from earlier this week, falling below the key support level of $8,200. At one point, BTC/USD was below $8,000; a one-month low. The coin hasn’t been able to break above the key resistance of $8,500 for the past three days. Currently, BTC/USD is trading at around $8,100 as of 12 PM EST.

Bitcoin Fails To Rally

Despite all the hype surrounding Bitcoin throughout the “Blockchain Week” event held in New York, the cryptocurrency failed to rally as people had hoped. Instead, Bitcoin price even fell below the ...

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Cryptocurrency Market Loses $42 Billion in 3 Days as Tokens Struggle

The cryptocurrency market has dropped by more than $42 billion in the last three days, from $412 billion to $370 billion. The daily trading volume of the market also declined by around $3 billion, from $22 billion to $19 billion. Poor Conditions Earlier today, on May 18, the bitcoin price dipped below the $8,000 mark,

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Bears Beware! Bitcoin Price Will Reach Record Highs This Year: Fmr. JPMorgan Trader

The bitcoin price entered another bearish trend this week after failing to pierce $10,000 earlier in the month. The flagship cryptocurrency now sits more than 58 percent below the all-time high it set in December, but one former JPMorgan trader remains confident that it will trade above $20,000 before the year is out. Danny Masters,

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Bitcoin Price Watch – BTC/USD Falls Below Critical $8,500 Mark

Bitcoin Price Watch

On Wednesday morning, Bitcoin price dipped below the critical $8,500 price level as bears began to rally, potentially sending the coin further down toward $8,000 and beyond. At its lowest point today, BTC/USD reached $8,100. For the past seven days, Bitcoin value declined by about 12%.

Bitcoin Could Fall Below $8,000

Bitcoin price dipped below $8,500 today, and it could fall even further later this week as another crypto selloff has begun. One of the catalysts triggering this selloff could be Microsoft Bing’s ban on crypto advertising. Bing now joins Facebook, Google, and Twitter in tightening ...

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Bitcoin Price: Is Wall Street’s Interest Signaling a Potential Upside?

Bitcoin Price

Wall Street and institutional investors could push Bitcoin price higher:  Bitcoin price (BTC) has been making dramatic downside moves over the last couple of weeks. These moves are quite surprising for bulls since numerous fundamental developments are creating underlying support for the entire cryptocurrency market.

The downside volatility moved bitcoin price to $8,200 level last week after peaking around $9,900 a few days ago. BTC coin price currently trades around $8,800.

The rest of the cryptocurrency market is in the doldrums. Several altcoins posted major losses last week amid the broader market ...

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Bitcoin Price: Bitcoin Rests At $8,400 After Last Week’s Crash

Bitcoin Price

Bitcoin price (BTC) slammed 10% last week to the lowest level in the previous four weeks. The bear run intensified during the weekend trading after South Korean news agency reported that government authorities had raided one of the largest cryptocurrency exchanges.

Altcoins, in particular, fumbled at a sharp pace over the last three days – as Upbit accounts for the major portion of their trading volume.

The selling pressure has erased all the gains that altcoins have generated in the past month. Bitcoin price tumbled almost 17% since peaking to two months high of ...

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Bitcoin Price Drops Back Below $9,000

Bitcoin Price

Bitcoin price (BTC) retreated below the support level of $9,000 for the first time since the start of this month. Although bulls are firmly defending the cryptocurrency markets, the recent bearish trend was supported by Warren Buffett and Bill Gates downbeat assessment of bitcoin price.

“Very quiet. The bulls will say it’s an accumulation phase. The bears will say it’s the markets turning cautious based, at least in part, on Buffett, et al,” wrote Jeff Koyen, President of 360 Blockchain USA.

Bitcoin price traded near the $8,700 level early today – putting ...

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‘Flippening’ Between Bitcoin & Ethereum Will Happen in 2018: Roger Ver

Bitcoin cash promoter Roger Ver believes BCH will one day overtake BTC to become the world’s most valuable cryptocurrency. But before that happens, he believes ethereum will take bitcoin’s crypto-crown. Ver, once known as “Bitcoin Jesus,” told The Independent that so-called technologically superior cryptocurrencies like ethereum and bitcoin cash will surpass bitcoin in value in

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Cryptocurrency Market Sees $50 Billion Loss, Bitcoin Price and Tokens Down Significantly

The cryptocurrency market has declined by more than $50 billion over the past 24 hours, as the bitcoin price declined by more than 8 percent and other major cryptocurrencies along with tokens experienced an intensified movement on the downside. Bitcoin Price at $8,500 Over the past 24 hours, the bitcoin price has dropped by more … Continued

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South Korea’s Biggest Cryptocurrency Exchange Investigated by Local Police, Market Drops

UPbit, South Korea’s biggest cryptocurrency exchange, was investigated by local police and 10 investigators after its headquarters in Seoul were raided. Chosun, the country’s biggest mainstream media outlet, reported that the South Korean authorities are suspecting UPbit of illicitly moving customer funds to the account of its executives. Investigation Ongoing On May 10, the Seoul

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8,200 BTC Moved From Mt. Gox Wallet, Possible Sell-Off Affects Bitcoin Price

The Mt. Gox trustee, who was tasked to sell about 200,000 bitcoin after the bankruptcy of the now-defunct cryptocurrency exchange Mt. Gox, is suspected to have dumped another 8,000 bitcoin on the cryptocurrency market. Domino Effect As CCN reported yesterday, CNBC’s Fast Money contributor and BKCM founder Brian Kelly stated that the entrance of major … Continued

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Bitcoin Price: Brian Kelly Reply to Warren Buffett and Bill Gates Criticism

Bitcoin Price

Bitcoin price (BTC) continues to make sideways movements today. Although it remains unsuccessful in crossing the key resistance level, there is optimism that that cryptocurrency market will bounce back shortly.

Brian Kelly is one such optimist. He has discarded Warren Buffett’s and Bill Gates criticisms of late, stating that he believes the cryptocurrency market to be immune to billionaires bashing.

Source Image: coinmarketcap.com

Bitcoin price trades around the $9,400 level today, while altcoins are also paring losses from earlier in the week. Is the upside movement attributed to Brian Kelly’s ...

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Bitcoin Price Could Reach $64,000 in 2019: Fundstrat Analysis

The bitcoin price could reach $64,000 by the end of 2019, according to a new analysis of cryptocurrency mining economics. The study, conducted by Wall Street strategy firm Fundstrat Global Advisors, argues that that the ratio between the bitcoin price and miners’ breakeven cost (P/BE) has proven to be a “reliable long-term support level” for … Continued

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Investment Researcher Won’t Recommend Bitcoin, Despite Recent Gains

DataTrek Research’s co-founder Nick Colas won’t recommend bitcoin to investors even though the bitcoin price has been rallying of late. Colas, a Wall Street veteran with experience in equity research, money management and investment banking, stated in a recent CNBC interview that bitcoin’s price has come down “quite a long way and we’re getting a … Continued

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Bitcoin Price Decline Driven by Q4 Futures Launch, Fed Researchers Claim

Bitcoin’s winter price peak and subsequent decline coincided with the introduction of bitcoin futures trading on the Chicago Mercantile Exchange. A team of researchers doesn’t think it was a coincidence. Galina Hale, Arvind Krishnamurthy, Marianna Kudlyak and Patrick Shultz — economic researchers writing for the Federal Reserve Bank of San Francisco — claim in a … Continued

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Bitcoin Price Watch – BTC/USD Stays Above $9,000 Despite Recent Pullback

Bitcoin Price Watch

Although Bitcoin price failed to crack the $10,000 mark and has declined since its last major bull run, the cryptocurrency is still holding on above the $9,000 price level.

The latest setback for Bitcoin stems from Berkshire Hathaway CEO Warren Buffett, who maintained his criticism of the digital asset yesterday, claiming that Bitcoin as an asset is creating nothing.

“When you’re buying nonproductive assets, all you’re counting on is the next person is going to pay you more because they’re even more excited about another next person coming along,” stated Buffett.

The ...

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Bitcoin Price Steady, But IOTA Outshine Top Ten Cryptocurrencies

Bitcoin Price

Bitcoin price (BTC) trades in the narrow range of $9,300 level over the last 24 hours after bulls fail to breach the $10K mark during the weekend trading. Although traders blame Warren Buffett and Bill Gates for the price collapse, a lack of fundamental support also contributed to the selloff.

The recent bull-run was supported by trader’s optimism over Goldman Sachs entry into the cryptocurrency markets. Market analysts, however, believe bitcoin price needs strong support to crossover $10K level as technical factors aren’t supporting another rally.

The coin hasn’t also been receiving fundamental support ...

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