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Posts Tagged ‘BITCOINS’

Bitcoins Seized From Bankrupt BitGrail by Italian Authorities

Melanie Kramer · June 15, 2018 · 9:00 pm Authorities in Italy have seized bitcoins from the company wallets of controversial exchange BitGrail as part of standard pre-bankruptcy proceedings. BitGrail was hacked in February 2018, with $170 million dollars’ worth of Nano stolen — which subsequently lead to a major price crash for the coin.…

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Oversold? Bitcoin’s RSI Just Hit Its Lowest Level Since 2016

Signs are beginning to emerge that bitcoin’s sell-off today may be overextended. After hitting a 70-day low of $6,133 on CoinDesk’s Bitcoin Price Index (BPI), bitcoin’s relative strength index (RSI) hit a level (26.4) last seen in August of 2016, according to data from the Bitfinex exchange. The relative strength index, or RSI, is used for identifying…

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Factors That Will Push Bitcoin’s Price Higher Are Gathering Steam

Julio Gil-Pulgar · June 12, 2018 · 10:30 pm The hacking of exchanges and relentless attacks from financial powers have, in the short run, adversely affected the price of Bitcoin. However, once the news about these adverse effects fades, investors will be able to turn their focus to several bright ongoing developments. What Doesn’t Kill…

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Bitcoin’s Price Slides Below $6.5K to Hit 70-Day Low

The price of bitcoin, the world’s largest cryptocurrency by market capitalization, fell to its lowest point since April 1 on Tuesday. Bitcoin’s value slid to $6,455.92 during the afternoon trading session, dropping more than $280 in the span of two hours, according to data from CoinDesk’s Bitcoin Price Index. This represents the lowest figure since…

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Bitcoin’s Price Is Below $7K And (Some) Hodlers Aren’t So Happy About It

The price of bitcoin hit a two-month low over the weekend – and social media is alight with speculation about it. While pundits don’t quite agree on the circumstances behind the plunge (with some blaming reports of a widening manipulation crackdown, the hack of South Korean crypto exchange Coinrail or just some pre-week selling), what’s…

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Which Way? Bitcoin’s Low Volatility May Force Big Move

Bitcoin has been squeezed into an increasingly narrow range for more than two weeks and is now experiencing volatility not seen for eight months. As a result, it’s looking likely that bitcoin could soon make a strong move, but the direction it will take when that happens is less than clear. Since May 24, the…

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Failed Breakout Revives Bitcoin’s Bull-Bear Tug-of-War

Bitcoin’s retreat from Sunday’s high of $7,779 has poured cold water over the bull mood generated by the weekend’s positive price action and neutralized the immediate outlook. BTC closed on Sunday (as per UTC) above a key falling trendline resistance level, signaling a short-term bullish-to-bearish trend change. A bullish crossover between the 5-day and 10-day…

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This Long-Term Indicator Could Complicate Bitcoin’s Price Recovery

A long-term price indicator has turned bearish for the first time in four years, threatening to impede continued gains in bitcoin’s price. Despite the rally late in the month, the cryptocurrency dropped 19 percent in May, according to Bitfinex data, pushing the 5-month moving average (MA) below the 10-month moving average for the first time since…

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