Bitcoin Rises Sharply After Bitfinex Hack

Bitcoin markets have shrugged off the Bitfinex hack in which hackers reportedly stole 119,756 bitcoins worth about $70 million at current prices. The exchange has halted all trading activities, as well as temporarily suspended all digital tokens deposits and withdrawals. The market has steadied now, and bitcoin is trading with a bullish bias at $553. Source: TradingView […]

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Bitcoin: The Only Support You Need To Watch!

Many are comparing the action in bitcoin to the action in gold. Often touted as the next safe-haven, bitcoin is now bearing the brunt of the ‘Bremain’ – a fancy term for Britain staying in the European Union. Bitcoin, resultantly, is losing its sheen. We believe that instead of the outcome of the EU referendum, […]

CBI,Bitcoin, Bitcoin, India,RBI, Reserve Bank of India

Bitcoin Collapses On Selling Frenzy

The virtual currency bitcoin is as speculative as it gets. The digital currency either moves up way too fast or crashes like a jet out of fuel. When it’s doing nothing of these two, it bores the market participants to death! Currently, it is crashing after the market signaled a reversal yesterday. Source: TradingView Bitcoin is […]

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From Bad to Worse for Bitcoin Bulls?

Bitcoin has had a forgettable start to this year as the value of the digital currency dropped from a peak of $465 to the current value of $376.67. The staggering 20% drop in less than a month has shaken the confidence of a majority of traders. They can only take heart from the fact that […]