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

The post Fundstrat’s Bitcoin Price Rally Prediction Fell Flat: Tom Lee Explains Why appeared first on CCN

PayPal CFO John Rainey Rejects Bitcoin as a Reliable Currency

PayPal CFO

Bitcoin price (BTC) is crashing instead of rallying: Bitcoin price has failed to generate gains for investors since Warren Buffett, and Bill Gates rejected the cryptocurrency markets two weeks ago. Bitcoin price lost almost $1,800 in the last two weeks. 

Several other industry experts are also refuting bitcoin’s potential to work as an alternate currency. They believe the higher level of volatility makes it difficult for the general public to use it as the medium of exchange.

Source Image: coinmarketcap.com

Bitcoin price crashed to the $8,000 level today. The New ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

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 ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Alibaba Founder, Jack Ma, Calls Bitcoin (BTC) a Bubble

Alibaba

The Bitcoin (BTC) bubble theory has resurfaced again, as the founder of world’s largest e-commerce platform, Alibaba, just announced his views of the world’s first digital token. Jack Ma Yun, Alibaba Group’s founder and executive chairman, spoke in a forum on Wednesday and spoke highly of blockchain technology, but expressed his doubts about Bitcoin (BTC).

“There is no bubble for blockchain, but there’s a bitcoin bubble,” Ma said in a panel at the second World Intelligence Congress forum.

Ma said he has been researching blockchain for years and highly believes in its potential to ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

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,

The post Cryptocurrency Market Loses $42 Billion in 3 Days as Tokens Struggle appeared first on CCN

Newsflash: Bitcoin Price Drops Below $8,000 as Bears Twist the Knife

The bitcoin price sank below $8,000 on Thursday for the for the first time since mid-April, further erasing the progress that the flagship cryptocurrency had made over the previous month. Bitcoin had traded near $8,300 for the majority of the day, but this support level began to falter heading into the early evening. At approximately … Continued

The post Newsflash: Bitcoin Price Drops Below $8,000 as Bears Twist the Knife appeared first on CCN

Tom Lee Bitcoin Price Prediction Fail – Bitcoin Is Not Rallying As Expected

Bitcoin shows no growth

Bitcoin shows no growth: Bitcoin Price (BTC) hasn’t moved higher despite the Consensus Summit: Bitcoin price trades in the range of $8,300 today after briefly touching $8,800 level at the beginning of the week. The largest coin has posted losses in last two consecutive days. This downside move is contrary to analyst’s predictions who were expecting a strong rally amid the New York consensus summit.

Indeed, Tom Lee – who has predicted Bitcoin price to reach $25K by the end of this year – failed to predict the price movement during the consensus summit correctly.

...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

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,

The post Bears Beware! Bitcoin Price Will Reach Record Highs This Year: Fmr. JPMorgan Trader appeared first on CCN

Cryptocurrency Market Regains $7 Billion as Augur and EOS Prices Jump

The cryptocurrency market has slightly rebounded by $7 billion over the last 24 hours, despite the struggles of bitcoin, ethereum, and other major cryptocurrencies in the global market. Augur Deploys Smart Contracts On Ethereum Mainnet Earlier today, on May 17, the Augur team announced that after years of development, the smart contracts of Augur will … Continued

The post Cryptocurrency Market Regains $7 Billion as Augur and EOS Prices Jump appeared first on CCN

Bitcoin News: Price Below $8,500; Jack Dorsey Talks BTC at Consensus 2018

Jack Dorsey on BTC

Bitcoin (BTC) has dropped below the $8,500 mark. This is significant news, and it’s likely Bitcoin bears are going to try to drag the currency below the $8,000 mark during the remainder of the week. Will it happen, though? Only time will tell, but we can look to various mediums to see if there is any specific Bitcoin news bringing the price down today, but what may help to turn it around for the coin is Jack Dorsey on BTC— his thoughts are very interesting.

Bitcoin (BTC) Daily Chart

Bitcoin (BTC) is currently selling for $8,325.74. ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

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 ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Bitcoin Cash and EOS Drop 13% as Cryptocurrency Market Sheds $30 Billion Overnight

The cryptocurrency market has dropped by more than $30 billion overnight, from $408 billion to $377 billion. Major cryptocurrencies such as bitcoin, Bitcoin Cash, EOS, and Cardano dropped in the 5 to 13 percent region, with Bitcoin Cash and EOS dropping 11 percent and 13.5 percent respectively. Bitcoin Cash and EOS Traders have often described … Continued

The post Bitcoin Cash and EOS Drop 13% as Cryptocurrency Market Sheds $30 Billion Overnight appeared first on CCN

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 ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Zcash Spikes 45% and Ethereum Price Gains 4% in $21 Billion Crypto Market Rebound

Over the past 24 hours, the valuation of the cryptocurrency market has increased from $387 billion to $408 billion, by more than $21 billion. Major cryptocurrencies like bitcoin and Ethereum have risen in the 3 to 6 percent range while smaller assets such as Zcash (ZEC), Aelf (ELF), Kyber Network (KNC), and Enigma rose in … Continued

The post Zcash Spikes 45% and Ethereum Price Gains 4% in $21 Billion Crypto Market Rebound appeared first on CCN

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 ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.