Bitcoin is back with a bang trading above $7400 with the good news of growing institutional involvement in the crypto space.
Top cryptocurrencies including Bitcoin, Ethereum, Ripple have entered an upward trend. BitLicense obtained by Square and SEC remarks are among the reasons.
Thomson Reuters, the leader in the sphere of intelligent information for businesses and professionals, has decided not to stop at Bitcoin and announced expanding its sentiment data feed to 150 cryptocurrencies.
Nearly $40 billion has been wiped off the crypto markets in a single day after reports of CFTC regulators investigation price manipulations, emerged.
This is a guest post by Mary Ann Callahan, a journalist at UK-based cryptocurrency exchange Cex.io, in which she shares her insight into possible reasons for such a wild Bitcoin price’ fluctuation.
This step from Bithumb is in line with maintaining more transparency in its operations while complying with all the regulatory measures.
Bogart said that despite the possibility of short-term headwinds in Bitcoin prices, the long-term story is bright as the space is getting largely institutionalized.
Although the cryptocurrencies market now is in its declining trend, Tom Lee is still very positive about the future of Bitcoin.
Lee also some of the reasons which caused the resistance for the Bitcoin price rally last week.
Dorsey says that he looks at the future where Bitcoin (or other digital currency) could be used by merchants for daily transactions.
The major cyrptocurrencies experienced a decline yesterday, following another major Mt. Gox selloff and a recent raid on the Korean crypto exchange UPbit.
Analysis of the Bitcoin mining cost metrics conducted by Fundstrat’s quantamental strategist has led the market research firm to predict an upcoming rise of the flagship cryptocurrency.