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Welcome to Bitcoin in Brief, a new feature debuting today. Breaking stories, crypto drama, exchange updates, and other talking points from the fast-paced cryptocurrency world can all be found in this daily roundup. Bitcoin in Brief is for everyone who’s long on bitcoin but short on time. Also read: Chinese Engineer Arrested for Stealing 100 Bitcoin … Read more
With each coming day, the price of Bitcoin edges nearer and nearer to 2018 lows of just above US$6,000 achieved in early February. In the last days of March, Bitcoin saw yet another tumble, as the price saw an extended stay below $7,000, the longest period of time throughout 2018 spent in the 6k range. … Read more
In just the past week, the global market cap of all cryptocurrencies has fallen close to US$70 billion. In that same period, Bitcoin (BTC) has fallen 20% from a local high of US$9,000 to its current price of $7,500. Despite a number of bullish sentiments and news recently, the price of Bitcoin and cryptocurrencies across … Read more
Through this extended downtrend, one coin being challenged heavily is Ethereum (ETH). Ethereum has been subject to massive bleed since its peak prices earlier in this year. Today, ETH is trading below US$450, the lowest since December 7. Following December 7, Ethereum saw an explosion- tripling in value. Unfortunately, these gains have now been almost … Read more
With every green candle in the past two months, cryptocurrency supporters hope the bear trend has ended. However, after each extended period of appreciation, it seems as if an even longer and steeper sea of red is experienced after. Yesterday, technical analysts and spectators alike scratched their heads at Bitcoin’s inexplicable chart. Although the unexpected is … Read more
According to a study conducted by Wall Street analyst, Tom Lee’s agency, Fundstrat, BTC prices below the $8K range make it awfully difficult for miners to gain revenue. Lee details that at a global average rate of six cents per kilowatt-hour, some BTC miners are either breaking even right now or mining the cryptocurrency at … Read more
As global cryptocurrency markets continue to slide from elusive January highs, it’s becoming increasingly evident that the next “boom” may be further away than many had anticipated. Bitcoin’s price is down nearly 50% from its local January 7 high of US$17,000, and other altcoins have seen average losses of about 60% in that same time frame. While … Read more
On Tuesday, Microsoft co-founder and avid philanthropist Bill Gates participated in an Ask-Me-Anything (AMA) session on Reddit, where users of the site present questions on any topic for the billionaire to answer. Among questions of coding semantics and peanut butter sandwiches, one Redditor asked for Gates’ opinion on cryptocurrency. Redditor /u/Askur1337 asked Gates for his take on … Read more
After a general upwards trend from Bitcoin following its February 6 low of US$6,000, today marks the first major downtrend from the cryptocurrency. After nearing $12,000, the coin has dropped significantly, and is currently trading close to $10,700. As is usually the case, the significant drop has caused widespread losses among a majority of altcoins. Of … Read more
After a strong Saturday, the global market has dropped over 10%. Bitcoin (BTC) is down 8% to US$11,500, and a over 75% of the top 100 coins have also lost Bitcoin value in the past 24 hours. However, there are a handful of strong contenders that have overcome this dip. Among these are Waltonchain (WTC) … Read more
