|Day's Range||8,908.447 - 9,103.391|
|52 Week Range||3,391.02 - 13,796.49|
|Volume (24hr) All Currencies||31.91B|
Israel-based cybersecurity startup GK8 is offering a bounty of up to $250,000 in bitcoin if someone is able to hack its cold wallet.The post Security firm GK8 offers up to $250K in bitcoin if someone hacks its cold wallet appeared first on The Block.
It’s a bullish start to the day as the crypto market finds support amidst the equity market sell-off. Failure to push ahead could weigh later, however.
Bitcoin (BTC) is currently trading at around $8,610 following a 3% increase in price over the last 24 hours. Even though BTC seemed to be struggling last week, the world's largest cryptocurrency recovered nicely over the weekend. Bitcoin momentarily traded close to $8,300 at the start of the weekend after price dropped 4% from Thursday to Saturday. Since then, Bitcoin has rebounded to the upside, which reiterates the bullish sentiment surrounding the digital asset ahead of this summer’s halving event. Bitcoin now seems to be consolidating above $8,600 and getting ready for another shot at the $8,830 level of resistance. Let's take a look at Bitcoin's chart, courtesy of TradingView. Bitcoin has been climbing upwards since the start of theThe post Latest Bitcoin price and analysis (BTC to USD) appeared first on Coin Rivet.
Iran is said to have given more than 1,000 licenses to cryptocurrency miners in the country. The licenses have been issued by Iran’s Ministry of Industry, Mine and Trade, local news outlet Financial Tribune reported Friday, citing an official from ICT Guild Organization - an Iranian NGO representing information and communications technology (ICT) sector. The […]The post Over 1,000 crypto miners given licenses in Iran appeared first on The Block.
Bitcoin surged by 5% over the weekend following a bounce from the daily 200 exponential moving average (EMA). The 200 EMA has been a historic point of support and resistance throughout Bitcoin's 11-year history and was a key obstacle during the 2018 bear market. While Bitcoin continues to trade above the moving average, it remains in a bullish posture moving into the rest of the week, with upside price targets emerging at $8,830 and $9,050. However, as previously noted in Coin Rivet's analysis, Bitcoin needs to close daily candles above the $9,000 level as this would provide a platform for continuation towards the psychological level of $10,000. A rally to $10,000 would tie in with the upcoming Bitcoin halving event,The post Bitcoin bounces off key moving average to trigger bullish momentum appeared first on Coin Rivet.
Two men, both in their twenties, have been arrested by Tokyo police on computer fraud charges related to the theft of $700,000 (78 million yen) worth of Bitcoin. According to the Japan Times, Yuto Onitsuka and his accomplice Takuma Sasaki have been charged with siphoning-off funds from a Tokyo-based crypto management firm that Onitsuka previously worked for. Sasaki allegedly used Onitsuka’s credentials to access the company's Bitcoin wallets and transferred the BTC to his own accounts. In total, just over $700,000 worth of Bitcoin was stolen, with some of the money being transferred to Sasaki’s bank directly - which he then reportedly spent on travel and other personal items. Allegedly, the two suspects had never met in person and hadThe post Tokyo Bitcoin theft duo arrested by police appeared first on Coin Rivet.
The majors make an early move to bring resistance levels into play. A move back through early highs would be needed, however, to support further upside.
In order to make any profit from cryptocurrencies, traders need to know how to get the best price when selling their holdings. If you've ever found yourself asking "How much should I sell?" or "When should I sell?", this article will hopefully help you find some answers. You'll learn how to control your emotions, set price levels to sell your Bitcoin and altcoins, and what percentage of your portfolio you should sell at what prices. My aim in this article is to show you how to create a long-term trading strategy that will maximise your ROI while maintaining over 20% of your total cryptocurrency holdings. As always, the views in this article should not be considered financial advisement. The volatility ofThe post How to maximise your profits when selling cryptocurrency appeared first on Coin Rivet.
It’s a bearish start to the day for the majors. Failure to move through to key levels would bring support levels back into play.
Bitcoin SV (BSV) is currently trading at around $257 after a huge 19% drop since last week. BSV has fallen significantly over the last 24 hours, losing around 9% in value. From September to October 2019, BSV pumped close to 80% before dropping around 45% towards the end of the year. However, the price of BSV spiked to a new all-time high this month after pumping over 300% since the start of 2020. Last week, at the peak of its most recent rally, BSV was worth $425 per coin. Will Bitcoin SV recover from its recent slump or continue to fall? Let's take a look at the chart. Despite the recent drop, Bitcoin SV's price chart is still extremely bullish.The post Latest Bitcoin SV price and analysis (BSV to USD) appeared first on Coin Rivet.
Bitfinex trader JOE007 has gained a staggering $6.95 million in unrealised profit by trading Bitcoin this week, according to the exchange's leaderboard. In December, Coin Rivet reported on the same trader's woeful loss of $26 million as he found himself caught in a long position during Bitcoin's decline to $6,800. However, as Bitcoin began to claw its way back up after the turn of the year, his profit and loss flipped into the positive. Bitcoin is now more than 10% down in the past five days, indicating that JOE007 has been holding a short position during the decline. The daily candle closed beneath the $8,450 level of support yesterday as Bitcoin moves closer towards the 200 exponential moving average (EMA),The post Bitfinex trader profits $7 million as Bitcoin begins bearish descent appeared first on Coin Rivet.
It’s turned bearish for the majors, with losses this week eating into last week’s gains. A Bitcoin move back through to $8,500 levels would signal support.
A futures contract is a technique used to hedge positions and reduce the risk of the unknown. In the case of Bitcoin, futures are mostly associated with speculators who wish to use traditional, regulated financial services to bet on the price of Bitcoin. Essentially, Bitcoin futures allow for traditional investors to enter the Bitcoin space and participate in the markets without having to go through all the steps needed to buy actual Bitcoin. As Andreas Antonopolous explains in this interview with Ivan on Tech, the more developed a market is, the more options will appear to bet on the price of said market. In this article, I will take a look at how the Bitcoin futures market has been developing.The post The Bitcoin futures market is growing with more solutions on the way appeared first on Coin Rivet.
A tremendous tussle between Bitcoin bulls and bears is underway this morning with a major sell-off causing price to slump towards the $8,450 level of support. This particular level provided a bounce for Bitcoin's price on two occasions over the weekend, while it was also a point of resistance on January 8. A daily candle close below this level would see the world's largest cryptocurrency flip into a bearish posture with downside price targets emerging at $8,150 and $7,850. A corrective move to the downside would also see a rejection of a potential golden cross, which would have seen the daily 50 EMA cross the 200 EMA to the upside for the first time since April 2019. However, the bearishThe post Bitcoin flips bearish with battle over $8,450 level of support appeared first on Coin Rivet.
It’s a bearish start to the day, with support levels in play. Failure to break back through the support levels would lead to heavier losses in the day.
Tighter EU laws governing cryptocurrency will lead to wider Bitcoin adoption, claims the CEO of established UK crypto exchange Coinfloor. This month, the European Union implemented a new law – known as the EU Fifth Anti-Money Laundering Directive (5AMLD) – which requires cryptocurrency platforms and wallet providers to identify their customers for anti-money laundering purposes. The UK has decided to implement the law despite its decision to leave the EU. Coinfloor CEO Obi Nwosu says tighter EU and UK Financial Conduct Authority (FCA) regulations will increase confidence among consumers. He told Coin Rivet: “Clearer regulation is a going to be a good thing for the UK and EU. It will bring more certainty for users, service providers like us, andThe post ‘Regulation will see Bitcoin go mainstream in the UK’ – Coinfloor CEO appeared first on Coin Rivet.
Billionaire investor Ray Dalio, who is the founder of the world’s largest hedge fund Bridgewater Associates, is not a fan of bitcoin. Dalio believes bitcoin doesn’t serve purposes of money. “There’s two purposes of money, a medium of exchange and a store hold of wealth, and bitcoin is not effective in either of those cases […]The post Bitcoin is ‘not effective’ to serve purposes of money, says billionaire investor Ray Dalio appeared first on The Block.
Martin Lewis, financial journalist and founder of hugely popular personal finance site MoneySavingExpert.com, has had his likeness used by scammers for fake Bitcoin adverts. Taking to Twitter to express his outrage, Lewis warned followers that his image is being used by Bitcoin scammers in an attempt to defraud vulnerable victims. Lewis shared a screenshot of one of the scam ads, shown above, which appears to show his likeness alongside the headline “Martin Lewis lends a hand to British families with Bitcoin Future”. The scam ad, which takes the form of a legitimate-looking advertorial circulated via email, goes on to state that Brits are making up to £450 a day from the Bitcoin scheme, leading to many "quitting their jobs". BeThe post Money Saving Expert founder Martin Lewis targeted by Bitcoin scammers appeared first on Coin Rivet.
Blockchain payments processor BitPay has added support for XRP, the world’s third-largest cryptocurrency by market capitalization. XRP has been integrated on BitPay's platform via Ripple’s open developer platform, Xpring. The two companies first partnered on the initiative in October. At the time, Sean Rolland, BitPay’s director of product, said that XRP can offer a payment […]The post BitPay adds support for XRP appeared first on The Block.