Bitcoin Plunges To 52-day Low

Wednesday, Bitcoin hit its lowest level in 2019 at $3363. It is also the lowest price in 52 days, since BTC went as low as $3179 on December 15. After a relatively steady week of consolidation above $3,400, the world’s most popular cryptocurrency suffered a sudden fall on Tuesday. Bitcoin price extended losses and traded below the $3,400 and $3,375 […]

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Bitcoin spikes almost $400 in an hour to a two-week high

Bitcoin surged from $6466.50 at around midnight to $6,858.61 at around 1 a.m. London time, according to CoinDesk data. The reason for the sudden jump in the virtual currency’s value was not immediately clear. Cryptocurrency trading platform BitMEX said it suffered a DDoS attack, where hackers force a site offline. Bitcoin spiked in value on Wednesday to a two-week high. […]

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Bitcoin Price Drops Below $7000

Bitcoin’s bearish trend continued over the weekend, and is back to sub-$7,000 level losing most of the gains made in the last month. Some crypto pundits predict that they don’t see a major comeback for the most popular cryptocurrency in the rest of the months this year. Increasing sell volume continued to apply downward pressure on Saturday with prices hitting […]

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Bitcoin Price Drops Below $7000

Bitcoin’s bearish trend continued over the weekend, and is back to sub-$7,000 level losing most of the gains made in the last month. Some crypto pundits predict that they don’t see a major comeback for the most popular cryptocurrency in the rest of the months this year. Increasing sell volume continued to apply downward pressure on Saturday with prices hitting […]

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Goldman Sachs sees more price pain ahead for bitcoin 

The investment bank highlighted “cryptocurrency mania” as one of six factors creating an unsteady undertow affecting markets for the remainder of 2018. Goldman expects even more price declines for bitcoin, even after the cryptocurrency lost 50 percent of its value this year. “We expect further declines in the future given our view that these cryptocurrencies do not fulfill any of […]

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