Bitcoin (BTC) Price Might To Drop To $3000; Here’s How?

Noted YouTube financial markets and cryptocurrency analyst Alessio Rastani in his latest video has talked about the possibility of bitcoin crashing down to $3000. However, he believes that his ‘wildcard BTC price scenario’ has a higher probability of playing out.  Euphoria, Anxiety, Denial Rastani began by discussing a very important market metric – the sentiment cycle. In any kind of market analysis, it is crucial to take into consideration the current mood or collective psychology of the market players at a certain point of time. Alessio did just that. He…

Bakkt Raked in Only $5.8 Million BTC Trading Volume in First Week

The highly anticipated launch of Bakkt’s physically-backed bitcoin futures has been disappointing, to say the least, posting only $5.8M of BTC trading volume in the first week. Many people in the community saw Bakkt as the catalyst to get institutional investors to enter the market. But so far, it doesn’t seem like institutions are interested. Low Trading Volume in the First Week Bakkt has been one of the most hyped projects in the bitcoin community. It has one major difference versus the other futures offerings that are already live; the…

Bugs Discovered in Bitcoin Lightning Network Implementations, Fixed

Blockstream core engineer Rusty Russell discovered critical Bitcoin Lightning Network bugs that were affecting C-Lightning, Éclair, and Lightning Network Daemon (lnd) implementations. Early LN Versions Failed to Check Funding Transaction Amounts Presently, three autonomous teams are working on the Lightning Network implementations: Blockstream, ACINQ, and Lightning Labs. The main objective of these teams, among other things, is to reduce transaction costs while enhancing the scalability and security of the Bitcoin network. ICYMI: Here are all the details of the recent Lightning bug. https://t.co/NVzKmGW5I6 — TheRustyTwit (@rusty_twit) September 27, 2019 The…

Catching Up With The Bitcoin Family’s ‘Sharing Is Caring’ Tour

Do you ever wonder what happened to that Dutch family who sold all its possessions for bitcoin two years ago? Spanish language website, DiarioBitcoin recently caught up with the ‘Bitcoin Family’ for an interview. And the first big change would seem to be the family’s nationality… to German. You Say Potato, We Say Bitcoin Easy mistake-a to make-a, you might say; after all, Dutch sounds very like Deutsch. Although, not in Spanish, where it is Holandesa and Alemana… But never mind that. In September 2017 Didi Taihuttu and his (Dutch) family…

US Stocks Dip on New Trade Tensions; Should Investors Move To Bitcoin?

As reported by the Financial Times yesterday,  market participants are not too sure about the latest trade developments between the US and China. Coupled with Washington’s political scenario concerning Trump’s impeachment row, stock prices fell on Friday. Does this mean that bitcoin (BTC) is the obvious alternative now for investors?   S&P 500 Falls, Nasdaq, and Dow Jones Too Wall Street stocks took a hit on Friday, in response to latest reports coming from the White House. As per, the Inquirer, the US government is considering restricting American business investment in…

Sunday Digest: Bitcoin Price, $8k Is Bakkt, OKEx Gets The Hump

This week, the creator of the labradoodle canine cross-breed said it was his “life’s regret.” Which suggests that he has already taken the opportunity to stock up on bitcoin following this week’s price drop. Bitcoin Price: Down Again But Still Not Out Not a great week for BTC price, but not the disaster that some would claim. We started the week with the threat of a drop as low as $7200. Meanwhile, analyst Alex Krüger was looking at triangles and pronouncing bitcoin more robust than during the 2018 bear market. A…

Bitcoin Price Analysis: BTC Could Bounce Off $7200 Support

Bitcoin (BTC) price clearly broke through key support levels at $9,500 recently, as shown in my previous analysis and has since dropped to $7,700 losing almost 19% of its value within the last few days. Bitcoin Daily Price Analysis On the 1 day chart for XBT/USD, we can see that price levels broke down below the asymmetrical triangle within the last few days. Since then RSI on the daily has turned oversold as momentum plummets below the 20.00 region. Volume candles have created a descending formation visible from the lower…

Should We Worry About Institutions and Intermediaries Holding Bitcoin? Yes

bitcoin is a cultural movement. bitcoin is for people. bitcoin is about principles. …or at least, this is the proposition that CoinShares Chief Strategy Officer, Meltem Demirors, put forward in a recent Twitter thread. In it she poses the question, “how do we allow for more [Bitcoin] participation through intermediaries without losing the message?” Not Your Keys, Not Your Bitcoin Demirors points out the dichotomy between the bitcoin community’s ideals and the reality of much of the industry. As a community, we value qualities like choice and access, self-sovereignty, privacy and consent, and we seek…

Bitcoin Bull Pomp: I Would Tokenize The US Dollar Immediately

Morgan Creek Digital co-founder and serial bitcoin bull, Anthony Pompliano, said that he would tokenize the dollar immediately if he was the US government. This is the only way that it might retain its status as a world reserve currency, he suggested. However, he still thinks that people will ultimately choose bitcoin, as a currency which the government can’t control. Tokenise To Retain Global Reserve Status Pompliano was speaking during an appearance on CNBC’s Squawk Box. Someone asked how bitcoin will retain its property as a store of value when…

Bitcoin (BTC) Price Wraps Up Worst Q3 Since 2014

Bitcoin price deepened losses just as the third quarter was heading to a close. With the latest crash to $7,800, down from recent levels above $10,000, BTC is on track to log the worst third quarter since 2014. Q3 Most Likely Wiping Out 24.99% of BTC Prices Looks like we are not going to get a green Q3 – good news it’s almost over! pic.twitter.com/1ITwdJPOtR — skew (@skew_markets) September 27, 2019 Historically, BTC has performed significantly worse in comparison to other time periods. BTC prices reached their yearly peak so…