Tag Archives: Bitcoin (BTC)

Market Bounces — “Crypto Will End The Year On A Bright Note”

Bitcoin Moves Back Above $6,300, Ethereum at $210 — Sea Of Green After a short period of weakness on Monday, which saw the leading cryptocurrencies capitulate by upwards of 10% in some cases (Bitcoin -3%, Ethereum -10%, etc.), optimistic speculators had a chance to breath a sigh of relief on Tuesday, as the market underwent a healthy bounce… Read More »

Did a Tether (USDT) Glitch Cause the Low BTC Trade Volumes Witnessed on Monday?

The 24 hour trade volume of Bitcoin (BTC) from the 16th of September, to the 17th, was unusually low. On these two days, BTC 24 hour trades volumes oscillated between $3.1 Billion and $3.3 Billion. Checking current 24 hour trade volumes for BTC, they are currently valued at $3.9 Billion and at the more normal levels in the… Read More »

A Case for Bitcoin (BTC): The USD is Not Backed By Gold or Silver and Has an Unlimited Supply

The fact of the matter is that many of us know more about Bitcoin (BTC) and the rest of our favorite digital assets, than we know about our local fiat currencies. We simply found our local currency being used and went along with the story that it was how the world operated. We embraced the United States Dollar… Read More »

How Coinbase is En Route to Becoming the ‘NYSE’ of Crypto

Back in early 2015, Coinbase was reported to have raised $75 Million in a growth round of funding that was led by DFJ (Draper Fisher Jurvetson) and included other participants such as USAA, NYSE, Andreessen Horowitz, Union Square Ventures, and Ribbit Capital. Back then, such an amount raised for a crypto firm was unheard of and Bitcoin (BTC) was… Read More »

2 Days Until Binance Opens a Fiat-Crypto Exchange in Singapore

The Binance exchange continues on its quest to expand by opening crypto exchanges around the globe. The exchange has set in motion plans to open up shop in the countries of Uganda, Malta, Liechtenstein and now Singapore. In the case of Singapore, Binance plans on opening a fiat-crypto exchange on the 18th of September – which is 2… Read More »

Fundstrat: Bitcoin Hashrate Has Doubled, $7,300 Breakeven Mining Cost

Hashpower Doubles In Bear Market, Breakeven Cost Skyrockets Cryptocurrency investors have had a rough year, to say the least, with the collective value of all crypto assets declining by over 80% in the span of eight months. In spite of this violent sell-off, miners have still been upping their investment into this nascent asset class. As recently tweeted… Read More »

Sentiment Shifts As Crypto Market Surges By 5%, Bitcoin Hits $6,500

Bitcoin Surpasses $6,500 In Strong Rebound, Collective Crypto Market Cap Hits $200 Billion  On Thursday morning, traders breathed a sigh of relief as the market saw a resurgence in buying pressure, leading a good majority of crypto assets to post hefty gains that put a smile on the face of speculators. At the time of writing, the valuation… Read More »

Did Bitcoin (BTC) Reach Bottom?

Bitcoin (BTC) and all our favorite coins and tokens have once again proven to us that they can get back on their feet after a massive decline. The King of Crypto is currently testing a new resistance level of $6,500 after reaching a recent low of $6,200 on the 8th of September. Looking at Ethereum (ETH), the digital… Read More »

John McAfee: Bitcoin [BTC] is “The Number One Coin For Processing Payments”

John McAfee remains true to his vision of Bitcoin (BTC) as the number 1 cryptocurrency in the ecosystem, contradicting opinions that deny its nature as a peer-to-peer electronic cash system. So he stated in conversations with the AMBCrypto team during the CoinsBank Blockchain Cruise. Mr. McAfee is one of the most influential personalities in the cryptocurrency community, his… Read More »

“Crypto Isn’t Dead” — Bitcoin Hits $6,400, Altcoins Follow

Bitcoin Rebounds To $6,400, Altcoins Follow  After a drastic sell-off of upwards of 20%, the cryptocurrency market finally found some much-needed stability (relatively) on Wednesday, with Bitcoin (BTC) seemingly finding some semblance support at the $6,300 range. Over the past 24 hours, BTC has moved between $6,100 and $6,400, most recently jetting to a daily high at $6,400… Read More »