Cryptocurrency Market Stabilizes at $500 Billion, Bitcoin Records 5% Gain

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After falling to $10,350 on February 18, the price of bitcoin has rebounded to $11,050, recording a 5 percent daily gain, positively affecting the entire market with its momentum. Bitcoin Preparing Bull Run The daily trading volume of bitcoin and the global cryptocurrency market has been relatively strong over the past 24 hours, as nearly … Continued

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Bitcoin Eyes $12,000 in South Korea as Demand For Cryptocurrency Market Rises

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Bitcoin has built significant momentum over the past 24 hours, surpassing the $11,000 mark. The majority of alternative cryptocurrencies in the market have performed poorly against bitcoin, as the most dominant cryptocurrency in the market continued to lead a strong rally. Against the US dollar, bitcoin has increased by nearly 8 percent since February 17, … Continued

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Cryptocurrency Market Recovers to $500 Billion as Bitcoin, Ethereum Record Gains

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For the first time in February, the cryptocurrency market has recovered to $500 billion, as most major cryptocurrencies including bitcoin and Ethereum recorded large gains in the past two days. Within the past 24 hours, bitcoin recorded a price increase 9 percent, rising from $10,030 to $10,850. Premiums in the South Korean cryptocurrency market have

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Bitcoin Price Watch – BTC/USD Holds Steady Above $10,000

Bitcoin Price Watch

Following yesterday’s rally back to $10,000, BTC/USD remained steady above that level today, trading between $9,900 and $10,200 throughout most of the morning.

Bitcoin Shows Strength Above $10,000

After bouncing back to $10,000, Bitcoin is now showing strength and gearing up for possibly a run toward $10,500. For the past few hours, BTC has been testing a resistance point of $10,175, and once that breaks, $10,500 would be next.

A major bullish trend line has been formed after holding down support at $9,750. A new support level of $10,000 was established later, and the ...

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Strategist Tom Lee Predicts New All-Time Highs for Bitcoin in July

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Tom Lee, co-founder of Fundsrat Global Advisors, the only major Wall Street strategist covering bitcoin, expects bitcoin to reach new highs again in July, according to Bloomberg. The cryptocurrency has been posting some recovery since falling 70% from its Dec. 18 high to its Feb. 6 low. Lee, who urged caution during bitcoin’s record “bull … Continued

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Bitcoin Cash Price Leads the Market as BTC Retreats Below $10,000

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The cryptocurrency market recovery finally began to stall on Friday, potentially bringing an end to the longest rally of 2018. The Bitcoin Cash price, however, continued to post double-digit percentage gains even as other coins began to trade sideways. Yesterday, the cryptocurrency market cap had reached a pinnacle of $486.5 billion, its highest point since … Continued

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Bitcoin Price Surges to $10,000 as Market Continues to Recover to $500 Billion

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The bitcoin price has surpassed the $10,000 mark, which analysts including BitFury vice chairman George Kikvadze described as a psychological threshold, as the entire cryptocurrency market recorded large gains. Bitcoin In yesterday’s report, CCN noted that bitcoin is in an ideal position to break through the $10,000 mark, given its strong volume across all major … Continued

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Bitcoin Price Watch – BTC/USD Keeps Momentum, Back Above $10,000

February 15, 2018 – Bitcoin Price Watch. Bitcoin kept its momentum up today, charging through the $9,500 barrier and now breaking through the $10,000 mark once again.

Bitcoin Returns To $10,000

Yesterday, the price actions for BTC showed a major resistance level of $9,320. This was broken through earlier today, and now the coin has sizzled past the $10,000 mark once again across all major exchanges on its road to recovery. This is all in spite of negative comments earlier today from billionaire Charles Munger, vice-chairman of Berkshire Hathaway, who described Bitcoin as “noxious poison”.

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Bitcoin Price Tests $10,000 as Market Cracks $475 Billion

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The cryptocurrency market recovery continued on Thursday, with nearly every top 100-cryptocurrency rising in value against the US dollar. The Bitcoin price headlined the advance, testing the $10,000 for the first time since Feb. 1. Ripple, meanwhile, surged on the surprising news that money transfer behemoth Western Union is trialing XRP integration in a pilot … Continued

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Bitcoin Price Struggles to Break Through Resistance at $9,000

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The cryptocurrency market recovery hit a wall on Tuesday, forcing the Bitcoin price back down to $8,500 and all major coins and tokens into decline as well. There was no clear trigger for the pullback, which brought an end to the market’s longest rally since December. Altogether, the cryptocurrency market cap declined by $18 billion,

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Bitcoin Price Finds a Base at $8,000

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The Bitcoin price appears to have found a base at $8,000 as it seeks to recover to its mid-December high. Bitcoin Price Finds a Base at $8,000 At this time last week, the Bitcoin price was neck-deep in the most precipitous market correction that the majority of cryptocurrency investors had ever experienced. By the end … Continued

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Bitcoin Market Cap Could Hit $4 Trillion: Winklevoss Twins

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The Bitcoin price has the potential to rise 4,000 percent over the coming decades, enabling the flagship cryptocurrency to one day achieve a $4 trillion market cap. Bitcoin Market Cap Could Hit $4 Trillion: Winklevoss Twins That’s according to longtime Bitcoin bulls Cameron and Tyler Winklevoss, who first invested in Bitcoin when it was valued … Continued

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Bitcoin Price Eyes $9,000 as Markets Recover from Sunday Dip

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The cryptocurrency markets entered the week on a high note, as every top 100-cryptocurrency rose against the value of the dollar on Monday. The rally placed the Bitcoin price in position to surmount the $9,000 barrier, while the Ethereum price began to test $900. Altogether, the cryptocurrency market cap made a nearly $40 billion advance, … Continued

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Cryptocurrency Market Records Minor Correction as Bitcoin and Ethereum Fall 10%

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Within merely 24 hours after recording massive gains and peaking at $450 billion, the cryptocurrency market has fallen, recording a minor correction. Major cryptocurrencies including bitcoin, Ethereum, Ripple, and Bitcoin Cash all fell by over 10 percent. Bitcoin and Ethereum Fall 10% As CCN noted in yesterday’s report, in periods of extreme volatility, the vast … Continued

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Cryptocurrency Market Steadily Rebounds, Surpasses $450 Billion Valuation

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At last, after a week-long correction, the cryptocurrency market surpassed $450 billion in valuation, for the first time since February 4. While the market has been steadily recovering, it still isn’t ready to initiate strong rallies. Steady Recovery On February 10, when the market valuation of all cryptocurrencies in the market combined achieved $458 billion, … Continued

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Ripple Price 25% Gain Headlines Crypto Markets Recovery

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The cryptocurrency markets extended their recovery on Friday, adding $14 billion to inch their way back above the $400 billion threshold. This time, however, it was the Ripple price’s turn to lead the rally, and the third-largest cryptocurrency posted a large-cap-best 21 percent increase. At present, the cryptocurrency market cap is valued at $413 billion,

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Bitcoin Cash Price Leads the Index as Market Recovers to $400 Billion

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The cryptocurrency markets continued to advance on Thursday, but today’s returns were far more muted than the euphoric leap that greeted investors on Wednesday. The rally was largely concentrated among large-cap coins, and the Bitcoin Cash price posted far-and-away the top gains of any top-tier cryptocurrency. Altogether, the cryptocurrency market cap added approximately $11 billion, … Continued

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Weiss Ratings Defends its Decision to Give Bitcoin Only a C+ Grade

Weiss Ratings Defends its Decision to Give Bitcoin Only a C+ Grade

Wall Street is known for being a cut throat place where shrewd business people play as tough as possible in order to make gains or their destroy opponents. However, the crypto ecosystem can be at times far more nasty than any other market. One company that had the audacity to rate everyone’s favorite cryptocurrency somewhat poorly learned this recently, but it still stands by the rankings. 

Also Read: NFL Superstars Like to Talk About Bitcoin Just Like the Rest of Us

Crypto+

Weiss Ratings Defends its Decision to Give Bitcoin Only a C+ GradeWeiss Ratings, an independent U.S. rating agency which recently issued letter grades for cryptocurrencies has published a new report to explain its decision to score bitcoin a mere C+ (“fair”).

The company obviously felt it needed to counter attack against critics after its rankings caused it to get hurled insults from many cryptocurrency people and opinion leaders on social media. It even suffered a cyber attack which took down the Weiss site temporarily. The 14-page report is meant to answer the outcry by revealing key factors and data behind the rating.

Where is my A?

Weiss Ratings Defends its Decision to Give Bitcoin Only a C+ Grade“For investors,” explains Weiss Ratings founder Martin D. Weiss, PhD, “an A rated crypto would be one that rarely crashes, and right now, there’s no such thing. But we do understand where developers are coming from. They tell us they don’t care about market fluctuations. They feel our ratings should reflect strictly the quality of their work and its relative success in the real world.”

Aiming to address both investors and developers, the Weiss model combines a number of sub-models: Risk and Reward, adapted from its stock and ETF ratings, plus Fundamentals and Technology, which are unique to cryptocurrencies. Here’s how they determined bitcoin performs on each:

Risk and Reward-“Bitcoin investors have recently made less than altcoin investors, while continuing to experience the risk of extreme volatility.”

Fundamentals-“Due credit is given for adoption and security, but Bitcoin loses points on network congestion with just four transactions per second and high fees of about $10 per transaction. In addition, the top five miners control some 70% of total hashpower, also a negative.”

Technology-“Bitcoin lacks the governance needed for prompt upgrades and is falling behind in a rapidly evolving industry.”

Another criticism that was leveled at the agency is that Weiss overweights price volatility. “Not so,” he says. “Our model accurately reflects an inconvenient truth about the market’s extreme swings. But our ratings are continually updated. If prices stabilize or speed enhancements are rolled out successfully, an upgrade is possible.”

Should cryptocurrency investors even worry about what rankings? Tell us what you think in the comments section below.


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Do you like to research and read about Bitcoin technology? Check out Bitcoin.com’s Wiki page for an in-depth look at Bitcoin’s innovative technology and interesting history.

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Bulls Are Back in Town: Cryptocurrency Market Cap Achieves $89 Billion Recovery

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The bulls are back in town — or at least, that’s the impression one gets from the charts this morning. Remarkably, the 100 largest cryptocurrencies all rose against the US dollar on Wednesday, and — even more astonishingly — each one achieved a double-digit percentage advance, excluding the USD-pegged Tether. For the Bitcoin price, the … Continued

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Cryptocurrency Prices Make Bullish Pivot as US Regulators Signal Cautious Approach to Markets

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Cryptocurrency prices began to creep back into positive territory after two top US market regulators signaled a cautious approach to cryptocurrency regulation during Tuesday’s high-profile Senate hearing. Securities and Exchange Commission (SEC) Chairman Jay Clayton and Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo spoke before the Senate Committee on Banking, Housing, and Urban … Continued

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