Cryptocurrencies have been struggling over the past few days with increased scrutiny and piling up of bearish signs. Bitcoin, for instance, is nearing a turning point, and according to popular cryptocurrency analyst DonAlt, it is closer to testing support levels of $6,700. Bitcoin Drops Below the 50-Day Moving Average The signs are indicating that Bitcoin
Month: July 2019
The month of July has been a very volatile one for Bitcoin investors due to the range of factors that brought the six-month-long bull run from the start of the year to an abrupt end. BTC had risen to $14,000 at one point last month but now the token is struggling to hold on to
After several weeks of speculation, the Economic Commission of Iran has finally approved cryptocurrency mining as an industry in the country. On July 22 the Chamber of Commerce, Industries, Mines and Agriculture made an announcement approving crypto mining. The Commission indicated that the Iranian government was seeking ways of regulating the mechanism of crypto mining
Bitcoin may have had a superb year up until June, but the month of July, and especially the past week, has proven to be troublesome as the price of the cryptocurrency continued to crash down. The issues with relation to Facebook’s Libra and United States President Donald Trump’s comments about cryptocurrencies like Bitcoin caused a
The crypto market had an excellent first half of the year with an impressively strong run, led by Bitcoin (BTC) and some altcoins. However, the month of July has brought with it its fair share of chaos and prices have fluctuated wildly. Today, the crypto market lost a significant portion of its value, falling below $300
Bitcoin (BTC) has been on an astonishing run this year that has almost mirrored the astonishing rally back in 2017 when the cryptocurrency touched almost $20,000 per token. However, earlier on in July, the cryptocurrency experienced declines and went below the $10,000 level. Altcoins Moving Up However, that seems to be a thing of the
When Bitcoin (BTC) went through a disappointing year in 2018, following the astonishing bull run at the end of 2017, many experts all over the world had written off the cryptocurrency. However, in 2019, the coin has come roaring back and went on another incredible bull run that has raised visions of a rally that
Those who betted that Bitcoin’s bull run was over were hit with a surprise today. According to Reddit, over $44 million USD was lost on BitMEX due to short sellers betting on a Bitcoin price decline. The largest digital asset by market cap surprised investors with another climb up the charts. At 10 am UTC,
