Bitcoin Bull Run: 3 Reasons Why BTC Will Continue to Surge

Bitcoin (BTC) awakened from its post-holiday slump, breaking easily above $8,000. A combination of geopolitical tensions and renewed appetite for trading led BTC as high as $8,360. Bitcoin on Verge of Entering Six-Month Bullish Channel The most recent price move also shifted the analysis of technical indicators, signaling bitcoin may be ready to follow a bullish scenario. Three technical indicators suggested a new upward drive may be possible. Bitcoin price managed to bounce off the years-long trend of higher lows. The second technical factor was a small head-and-shoulders pattern. Has…

Upbit Exchange to Re-Open XRP, LTC and EOS Trading

The Korean Upbit Exchange plans to reopen deposit wallets for its leading assets, including XRP, EOS and Litecoin (LTC). Upbit Wallets Reopen for XRP, EOS, LTC, and ETH Upbit, which saw 342,000 ETH siphoned from its wallets, will start with reopening its facilities for Litecoin (LTC), XRP, and EOS on January 9. ETH is reserved for later, and access will be held back until January 13. Upbit reopened its Bitcoin (BTC) wallets in early December, leaving other assets locked for now. #LTC, #XRP, #EOS deposit & withdrawal will be available…

Bitcoin Price Looks Primed to Buck 5-Year January Trend

January has been a slow month historically for Bitcoin price, giving rise to some of the more significant price crashes. But this time, the new year has started off with a bang, adding more than $1,000 to the price within days. Bitcoin Price May Buck Sluggish January Trend With one week already completed, Bitcoin price is showing a hint at bucking the trend, and going through a more spectacular January in terms of gains. Since 2011, BTC has moved more slowly in January, with both smaller gains and losses in…

Bitcoin Traders Welcome Geopolitical Tensions, Oil Traders are Skeptical

Oil traders may be unconvinced from the asset rallying on the back of geopolitical tensions but the opposite is happening for bitcoin as new capital flows in. Bitcoin Rallies Are Real Today’s 10% pump of bitcoin from intraday low to a 7 week high of over $8,400 happened as news broke of Iranian retaliation for last week’s US airstrike. Since the recent US-led military action began in the Middle East late last week, bitcoin has surged 16%. This is no coincidence. As usual, bitcoin has outperformed its peers by a…

Bitcoin Ransom Worth $6 Million Demanded by Travelex Hackers

Attackers demanded a payment of $6 million worth of bitcoin after hacking Travelex, a foreign currency exchange company. It is the latest victim in an explosion of ransomware attacks seeking crypto payouts. $6 Million in Bitcoin Demanded UK currency exchange site Travelex has gone dark due to a ransomware infection following a network breach. According to the BBC, hackers launched the attack on New Year’s Eve forcing the firm to power down its systems and websites. The attack was timed to hit the company when many of its staff were…

Bitcoin (BTC) Eyeing $8800 Next amid Rising Gold, Oil Prices

Twice within the past week bitcoin prices have reacted strongly to escalating geopolitical tensions reinforcing its status as a safe-haven asset. Bitcoin Surges 10% on Iranian Missile Attack Over the past couple of hours, BTC has surged to reach a seven-week high of $8,450 according to Tradingview.com. The move has marked an almost 10% gain since its intraday low of $7,700 yesterday. Since the momentum began last Friday following the US airstrike in the Middle East, bitcoin has gained an impressive 22%. While this rally is not yet as big…