Many experts from the industry believe that Bitcoin can slip further to bottom out in the range of $3000-$5000 before starting its upwards journey to $20000.
Top cryptocurrencies including Bitcoin, Ethereum, Ripple have entered an upward trend. BitLicense obtained by Square and SEC remarks are among the reasons.
After showing a rapid surge last week, the price of Ethereum continues growing, while the future status of the cryptocurrency is still uncertain.
Bitcoin and Ethereum prices are going down while investors and traders are holding their breath in the run-up to the May 7 SEC hearing.
The top-three cryptocurrencies by market cap have made significant gains over the last one month and are further gearing to higher valuations.
Ohanian says that the flexibility that the Ethereum platform provides its developer to build decentralized applications makes it to be a bigger bet over Bitcoin.
A former US Government regulator and Goldman Sachs partner, Gary Gensiern believes that unlike Bitcoin, the other major altcoins Ethereum (ETH) and Ripple (XRP) should be considered unregistered securities.
Ether was trading above the key support at $524 Thursday. There was an attempt to break the bullish trend and go down, but eventually the ascending channel borders did not change.
Crypto market woes don’t seem to settle anywhere as major cryptocurrencies slip below their crucial levels.
The new partnership is aimed at building an infrastructure necessary for a wider adoption of crypto-trading products by institutional investors, including banks and investment funds.
Vitalik Buterin, the co-founder of the Ethereum blockchain, asked people not to throw their life savings into virtual coins and warned about slammers offering cryptocurrency on Twitter.
Two major cryptocurrencies show the signs of recovery after last-week’s market crashdown. The third largest, Ripple, also gains pace with 68% growth.