|Day's Range||11,436.809 - 11,779.646|
|52 Week Range||4,968.18 - 18,097.54|
|Volume (24hr) All Currencies||70.44B|
Bitcoin looks set to test the daily 200 moving average at $8,770 after sliding down towards the crucial $9,000 level of support. It is now 15% down from its four-month high of $10,500 with the sell-off being reflected across all cryptocurrency markets. The next logical stopping point for Bitcoin if $9,000 is to break with conviction is the region between $8,830 and $8,870 where the often-visited $8,450 line could be on the cards. The ongoing correction will be painful to take for Bitcoin bulls who were of the belief that it would surge to a new all-time high in light of May's block reward halving and the global coronavirus crisis. Trillions of dollars have been wiped from global marketsThe post Bitcoin set to test 200 MA as it breaks below $9,000 appeared first on Coin Rivet.
Finland's customs agency, Tulli, has 1,666 bitcoins (currently worth over $15 million) in its possession.The post Finland's customs agency has $15M in seized bitcoin appeared first on The Block.
Finnish Customs agency Tulli remains perplexed at what to do with a $15 million horde of Bitcoin that was seized from a dark web criminal in 2016. It reportedly doesn't want to sell it back to the public as it believes "the buyers of cryptocurrencies rarely use them for normal endeavors". Tulli director Pekka Pylkkanen told local media: "From our point of view, the problems are specifically related to the risk of money laundering." A large operation in 2016 saw the arrest of three Finnish individuals after they trafficked 40,000 ecstacy tablets, 30,000 tabs of LSD and 18 kilograms of powdered drugs into the country. Along with the arrests, Tulli also confiscated 1,666 Bitcoin from the criminal organisation, which wasThe post Finnish customs remain hesitant over selling $15m Bitcoin haul appeared first on Coin Rivet.
Coinbase Wallet has added two new functionalities to its app that allow users to send crypto using short human-friendly addresses instead of traditional long addresses.The post Coinbase Wallet now allows users to send crypto using ‘.eth’ addresses appeared first on The Block.
A former Microsoft engineer has been declared guilty for stealing more than $10 million in digital currency and using a bitcoin mixing service. The post Former Microsoft engineer convicted for stealing over $10M in digital currency, using bitcoin mixing service appeared first on The Block.
It’s deep red for the majors early on as support levels get tested early on. Key levels would need to be hit to avoid a return to this morning’s lows…
It’s a particularly bearish start to the day, with support levels tested early. Failure to move through to key levels could bring on heavier losses…
Renowned billionaire venture capitalist Tim Draper has revealed how he came out of the stock market six months ago to switch his holdings to Bitcoin and cryptocurrencies. After describing the stock markets as "lofty", Draper stated that Bitcoin had become a safe haven amidst global market turmoil from the coronavirus outbreak. "I'm still holding to my prediction. I think Bitcoin in 2022 or the beginning of 2023 will hit $250,000. I think the reason is that Bitcoin will be the currency of choice." He told CNBC. When asked how much of his net worth was in Bitcoin, Draper replied: "I don't disclose that kind of information, but a lot of it." I don't normally give investment advice, but this isThe post Billionaire Tim Draper admits to moving stock portfolio to Bitcoin appeared first on Coin Rivet.
"Cryptocurrencies basically have no value and they don't produce anything," Buffett told CNBC in an interview on Monday. "I don't have any cryptocurrency and I never will," Buffett added.The post Warren Buffett says he will 'never' own any cryptocurrency appeared first on The Block.
It’s back into the red for the majors. Heavier losses could be on the cards should the majors fail to move through key levels by the early afternoon.
It’s back into the red for the majors. Failure to move through key levels by late morning could well lead to heavier losses on the day.
Cryptocurrency just took a giant leap towards mainstream acceptance by appearing in the latest episode of The Simpsons. A song and dance routine explaining distributed ledger technology featured alongside a character played by the Big Bang Theory’s Jim Parsons who educates Lisa Simpson on cryptocurrency. However, the episode also throws up a mouth-watering twist that suggests the creators of The Simpsons may know the true identity of Satoshi Nakamoto – the mysterious founder of Bitcoin. The two-minute sketch delivers a humorous explanation of how cryptocurrency works as it cuts to a cartoon ledger who croons: “Each day I'm closer to being the cash of the future, not in your wallet - I'm in your computer!” But the real eye-opener comesThe post Simpsons appearance for crypto reveals Satoshi twist appeared first on Coin Rivet.
Gold has rallied to a seven-year high of $1,682 as fears surrounding a potential coronavirus pandemic continue to build. The tremendous seven percent rally over the past five days coincides with a dramatic slide in the stock market, with billions of dollars being wiped from the world's major markets. Coronavirus was first detected in Wuhan, China, and has since spread across Asia and now Europe, with more than 190 people being tested positive in Italy where five people are believed to have died from the disease. “I wouldn’t panic but I’m certainly concerned at what’s happening in Italy,” EU infectious disease expert Professor Herman Goossens told BBC Radio 4’s Today programme. The FTSE 100 was down by 3.5% this morningThe post Gold surges to eight-year high amid coronavirus outbreak appeared first on Coin Rivet.
Bitcoin has formed a second consecutive lower high on the daily chart following a gruelling rejection from the $10,000 level of resistance. After surging to $10,500 on February 13, Bitcoin has suffered two tweezer top highs at $10,200 and $10,000 as it fails to gain momentum for a move to the upside. At the time of writing Bitcoin was trading at around $9,700 following a four percent slump since the weekly candle close. It needs to continue closing daily candles above the $9,630 level of support to avoid a dreaded breakdown in price that would bring targets of $9,320 and $8,830 into play. If it can begin to cycle back to the upside, a close above $10,000 would indicate aThe post Bitcoin brutally rejected from $10,000 to form lower high appeared first on Coin Rivet.
It’s a bearish start to the week, with Bitcoin unable to hold onto $10,000 levels early in the day. A Bitcoin move through to $9,880 levels would signal a rebound.
It’s been a mixed start to the day. Failure to move back through to key levels by late morning could see the majors take a bigger hit on the day.
The Irish Criminal Assets Bureau (CAB) has been unable to access €53.6 million in Bitcoin that was seized earlier this week as the suspected drug dealer lost the private keys. Coin Rivet reported on the case on Wednesday - the largest seizure of assets in Ireland in more than 25 years. While it was initially being hailed as a success it is now being described as a nightmarish situation for Irish authorities, who fear that the Bitcoin fortune will be irretrievable. According to the Irish Times, Clifton Collins bought most of his Bitcoin in 2011 and 2012 using cash he made by growing cannabis, which the Irish High Court ruled as the proceeds of crimes. In early 2017 Collins hadThe post Suspected drug dealer loses private keys to seized €53.6m Bitcoin appeared first on Coin Rivet.
Former CFTC Chairman J. Christopher Giancarlo says private and public players need to team up on creating a U.S. central bank-issued digital currency.
Bitcoin is facing an uncertain weekend of price action following a gruelling week that has seen it slump dramatically from last Thursday's high of $10,500. At the time of writing it was trading above the $9,650 level of support after being propped up by the four-hour 200 exponential moving average (EMA). Weekend price action is typically unpredictable with low volume, which means that values could easily slide in either direction due to a lack of liquidity. A break down from the $9,650 level will bring price targets of $9,350 and $8,830 into the frame, while a break to the upside will undoubtedly cause a re-test of the psychological $10,000 level. It's worth noting that Bitcoin has surged by more thanThe post Latest Bitcoin price and analysis (BTC to USD) appeared first on Coin Rivet.
Bitcoin endured its worst daily candle since September with a dramatic $1,000 sell-off within the space of 24-hours. It is now trading below the $9,600 level of support-turned-resistance after dwindling all the way down to $9,350. A breakdown in price from $9,350 will see a re-test of the 200 daily moving average, which is currently in confluence with the $8,830 level of support. Bitcoin is now trading 9% lower than it was this time last week when it tested the $10,500 level as anticipation began to build around May's halving event. In May Bitcoin will undergo its third block reward halving in its history. This has historically caused a significant rally in the price of cryptocurrencies as supply dries upThe post Bitcoin suffers worst daily candle since September appeared first on Coin Rivet.
Coinbase Pro, the crypto exchange’s trading platform for experienced customers, is set to list Kyber Network’s KNC token next week.The post Coinbase Pro set to list Kyber Network’s KNC token appeared first on The Block.
While it’s a bullish start to the day, a number of the majors have seen their early gains erode. That could test the majors later in the day.