Bitcoin Price Watch – BTC/USD Moves Up Slightly, Approaching $7,000

bitcoin price watch btc usd moves up slightly approaching 7000

Bitcoin price watch: Bitcoin price stayed above $6,500 on Monday and moved slightly up, reaching a high of $6,850 earlier this morning, its highest level since last Tuesday. The cryptocurrency managed to stay steady for the past week, trading mostly in the $6,400-$6,600 price range. Bitcoin also received a boost following news that users of the ‘Cash’ mobile payments app could trade the digital currency in New York. Cash is owned by Square, which was granted a virtual currency license by New York’s Department of Financial Service on Monday. The app currently…

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Bitcoin Price Watch – BTC/USD Shows Signs of Reversal, Back Above $6,500

bitcoin price watch btc usd shows signs of reversal back above 6500

Bitcoin price bounced backed slightly on Friday morning amid a market-wide crypto recovery, settling above the $6,500 price level. A reversal is likely the result of a decision handed down yesterday by the Securities and Exchange Commission (SEC), which ruled that Ethereum is not a security. The price of Ethereum also shot up by 10% in response to the SEC decision. Previously, investors had been put off by reports in May that regulators were debating whether Ethereum, the world’s second-largest cryptocurrency by market capitalization, could be considered an equity. Even…

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Did Tether (USDT) Really Manipulate the All-Time Price Highs of Bitcoin (BTC)?

did tether usdt really manipulate the all time price highs of bitcoin btc

Tether (USDT) & Bitcoin (BTC) – A new study has surfaced this morning putting Tether in the negative spotlight once again. Last December, Tether was subpoenaed by the U.S Commodity Futures Trading Commission to provide proof that the digital currency was in fact back by a reserve of U.S. dollars. Bitfinex was also subpoenaed due to it losing banking relationships, but continued to remain operational. CEO of Bitfinex, JL van der Velde, spoke out against the accusations last year in an emailed statement and said: “Bitfinex nor Tether is, or has…

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Bitcoin Price Watch – BTC/USD Decline Continues, Now Below $6,500

bitcoin price watch btc usd decline continues now below 6500

On Wednesday morning, Bitcoin continued its decline from earlier this week, falling below the pivotal $6,500 price point. The cryptocurrency is now trading at around $6,400. Its price fell by approximately 17% over the past seven days and by 75% through 2018. Bitcoin Continues Decline, Testing New Support Continuing its decline from this past weekend, Bitcoin price fell below the critical $6,500 level. BTC/USD is now on a bearish trend testing a new support at $6,340. Another bearish trend line formed earlier at its resistance level of $6,550. As a…

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Bitcoin Price Watch – BTC/USD Holds Support, Volatility On The Decline

bitcoin price watch btc usd holds support volatility on the decline

Bitcoin price hovered around the $7,550-$7,650 territory on Friday morning. Volatility has declined since the beginning of the week, as BTC/USD has been largely trading in this range for the past seven days. BTC/USD also struggled to move past the $7,700 price point earlier today. BTC/USD Holds Support At $7,550 For most of Friday morning, Bitcoin price stayed steady in the $7,550-$7,650 range, with the lower limit being its major support level. Bitcoin has been trading in an increasingly narrow range for the past week, and volatility is on the…

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The Potential Launch of Bitcoin ETF’s Could Push the Coin Price higher

the potential launch of bitcoin etfs could push the coin price higher

The launch of Bitcoin ETF’s could drive Bitcoin (BTC) price higher. Although the SEC has previously denied permitting Bitcoin ETF trading, two asset management firms have collectively submitted a new application to introduce regulated Bitcoin ETF’s (Exchange-Traded Funds). SolidX Management LLC and New York-based asset manager Van Eck Associates Corp said their new product would cover all the concerns that the SEC has highlighted in their previous denial. “I believe that Bitcoin has emerged as a legitimate investment option, as a type of ‘digital gold’ that may make sense for…

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