Bitcoin Does Latin America: LocalBitcoins Volume Keeps Increasing Drastically Since 2017

The citizens of Latin American countries – from which many are experiencing hyperinflation in regards to their national fiat currencies – are trading a surging number of BTC. According to Coin.Dance, the trading volume of Localbitcoins users in Venezuela – that is in the midst of an economic crisis -, Argentina, Uruguay, Colombia, and Chile has drastically increased since...

Bitcoin Price Analysis Jan.24: Attempting To Break Up With No Volume

Not much had changed since our previous BTC price analysis from yesterday: Bitcoin is still consolidating in the tight range of $3500 to $3600. This move was followed by a low amount of volume, and it looks like that Bitcoin is seeking to find its next direction. Looking at the 1-day & 4-hour charts Bitcoin is attempting to break out the descending...

VanEck-SolidX Bitcoin ETF Proposal Withdrawn: What does this Really Mean for Bitcoin?

For the past several months, the crypto community was waiting for an event that was believed to be the next step for the crypto growth. The event in question was a decision that was to be made by the US SEC regarding the possible approval of a Bitcoin ETF. While there were many Bitcoin ETF requests submitted for approval in...

Does Bitfinex Exchange Operate Fake Facebook Profiles and Commenting to Change Public Opinion?

TL;DR Bitfinex or their PR company may be creating fake Facebook profiles to post artificial comments to sway public opinion about the exchange It will be interesting to see if those bots will auto-comment positive insights on this article as well Bitfinex, one of the largest crypto exchanges, is no stranger to controversy. In the past year alone, the exchange has been...

John McAfee: I Will Be Managing My Presidential Campaign From a Boat

TL;DR John McAfee, known as a creator of McAfee Antivirus Software, as well as a vocal cryptocurrency supporter, has announced plans regarding his run for the presidency in 2020 US presidential elections. McAfee is currently “in exile” while trying to avoid the IRS by being in international waters. However, his plans reveal that he will have a surrogate presence in the...

Bitcoin Price Analysis Jan.23: The Next Resistance – Descending Trend-line at $3600

Over the past two days, BTC has tested once the dangerous zone of $3480 – $3500 and the second slide had produced a hammer type candle (on the 4-hour chart) with a low at $3400 as a long wick. Hammer candles tend to be bullish reversal candles. This is how capitulation candles look like. However, this candle is on the...

Crypto Market Update Jan.22: Bitcoin Stability Around $3500 In Anticipation For Some News

Another week in the crypto market. Since November, Bitcoin’s price continues its correction to the $3,500 price range where the support holds and provides a feeling of market stabilization. The ETF is in the headlines again, and at the end of the month, we will know whether the SEC will approve the first Bitcoin ETF. The market finds it hard...

Weekly Price Analysis Overview Jan.22: Bitcoin, Ethereum, Ripple, BAT and EOS

Bitcoin The price builds support in the range of $3,500 although it does not look stable enough. Attempts to break through the $3,600 up failed. Ethereum Against the dollar, we rely on the support around $110. The previous time that this price was broken, the price dropped to two digits, resistance at $120 in this range. Against Bitcoin, support was again tested around...

Sirin Labs Founder Victim of a Bitcoin Scam after purchasing Grin Tokens

Moshe Hogeg, the co-CEO and founder of Sirin Labs – one of last year’s most popular ICOs, raising more than $150 million and endorsed by football superstar Lionel Messi, fell victim on Telegram. Moshe Hogeg Falls Victim to a Scam  The founder of Sirin Labs – an ICO project endorsed by Lionel Messi and raising $150 million to create a blockchain-based...

Ethereum Price Analysis Jan.22: ETH Struggles To Stay Above $100 Following a Death Cross

Over the past two days, BTC has been going sideways. This consolidation came up following a very bearish hourly candle that dropped BTC from $3690 to $3470 (Bitstamp). It is unclear at the moment if this consolidation will turn into a bear flag formation (more bearish action to come) or a “drop base rally” formation (inverted Bart pattern) which will...