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Latest Bitcoin News

Bitcoin Daily Chart Alert – Bears Still In Firm Command – Dec. 12

Editor’s Note: Welcome to Kitco’s new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals …

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Bitcoin Mining Industry ‘Under Considerable Stress,’ 1.3m Rigs Turned Off

For much of the year, the bitcoin mining industry appeared to be impervious to the crypto market downturn, as the flagship cryptocurrency’s hash rate continued to climb even as the BTC price halved — and then halved again. In recent weeks, however, cracks have begun to form in this sector …

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Exclusive: Samsung bitcoin app to offer a cold wallet for cryptocurrencies

After hearing about the trademarks for Samsung’s blockchain and cryptocurrency software, we decided to dig around a little deeper. We can confirm that the company is indeed developing one and that it may be launched with the Galaxy S10. Samsung’s cryptocurrency service will essentially have two parts. A cold wallet …

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Bitcoin ETF Approval Chances Down to 10%, Says Legal Expert

Following last week’s delay of the SEC to decide on whether to approve or not the proposed, commodity-backed bitcoin ETF proposal of VanEck and SolidX, legal expert Jake Chervinsky now says that there is a 10 percent chance of its approval.  ‘I Think the ETF is in Trouble’ Jake Chervinsky, …

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What now for Bitcoin? Millions of pounds lost as value dives one year after historic peak

Almost one year ago – on December 18, 2017 to be precise – Bitcoin hit a peak of $18,941 (around £15,000). Five years earlier it had been a couple of hundred quid. That 2017 peak gave it a market value of $328 billion. But the euphoria of 12 months ago …

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Bitcoin’s Future Value More Likely to Be $100 Than $100K

The former chief economist of the International Monetary Fund (IMF) has characterized Bitcoin (BTC) as “a lottery ticket,” in an article for major United Kingdom daily broadsheet The Guardian Dec. 10. Writing in the midst of the recent crypto market price collapse, current Harvard University Professor of Economics and Public …

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Panic Mode? What a Wall Street Chart Tells Us About Bitcoin’s Price

Investing in financial markets can be an emotional roller-coaster and the bitcoin market is no exception. When it comes to investment, human emotions tend to oscillate between two extremes – fear and greed – and the constant balancing act between the two creates a cycle of market emotions.   For …

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Bitcoin price stability ousted: The downside still beckons

Bitcoin price trend still heads south; could be seeking for a bottom? Bobby Lee predicts Bitcoin to bottom out around $2,500 in January 2019. The situation in the crypto market remains unchanged compared to the levels of yesterday, Monday 10. Bitcoin price continues to correct lower on the day with …

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