NewsBTC Bitcoin news, price, information & analysis

  • Bitcoin Falls Below $3,500, Analyst Claims Likelihood of a Bounce is Diminishing
    by Cole Petersen on December 13, 2018 at 8:00 pm

    Bitcoin has been unable to stabilize above $3,500 which has led to a widespread sell-off that has sent most cryptocurrencies down 2% or more. Despite today’s drop, many altcoins have been able to maintain their recently established levels of support. At the time of writing, Bitcoin is trading down 1.8% at its current price of... The post Bitcoin Falls Below $3,500, Analyst Claims Likelihood of a Bounce is Diminishing appeared first on NewsBTC. […]

  • Tom Lee Declines to Update Year-End Bitcoin Price Forecast
    by Tony Spilotro on December 13, 2018 at 5:18 pm

    Outspoken Bitcoin bull Tom Lee is one of the cryptocurrency’s biggest cheerleaders, and has made a number of lofty price predictions that have unfortunately fallen short. With the price of Bitcoin hitting new one-year lows after the break of critical support at $6,000, Lee is now saying that Bitcoin is currently extremely undervalued, by as... The post Tom Lee Declines to Update Year-End Bitcoin Price Forecast appeared first on NewsBTC. […]

  • Major Crypto Exchange Kraken Values Itself at $4B: is it Too Much?
    by Nick Chong on December 13, 2018 at 12:00 pm

    Amid a multi-month bear market in crypto land, this industry’s leading startups have still shot for the stars. Case in point, leaked documents indicate that a distinguished crypto exchange, Kraken, is seeking to be valued at a jaw-dropping sum, which may place the platform among the ranks of Earth’s foremost startups. While the firm’s appetite... The post Major Crypto Exchange Kraken Values Itself at $4B: is it Too Much? appeared first on NewsBTC. […]

  • Sign Of The Times: Basis Shutters $133M Crypto Project Due To Regulation
    by Nick Chong on December 13, 2018 at 11:00 am

    Although crypto startups have been capitulating en-masse due to financial restraints, a direct byproduct of Bitcoin’s rapid drawdown in value, reports indicate that a promising stablecoin venture has folded due to regulatory qualms. $133M Crypto Project Folds Due To “Regulatory Headwinds” In recent months, stablecoins, cryptocurrencies tied to an asset deemed “stable” (ex. U.S. dollar,... The post Sign Of The Times: Basis Shutters $133M Crypto Project Due To Regulation appeared first on NewsBTC. […]

  • Crypto Users Double Amid Market Meltdown, a Sign of Recovery?
    by Martin Young on December 13, 2018 at 10:00 am

    This year has undoubtedly been the worse one for cryptocurrencies in terms of prices but it is not all doom and gloom as adoption is growing as actual usage of cryptos is on the up. Double The Users in 2018 With a dump of around 87% since January, crypto markets are on the floor showing... The post Crypto Users Double Amid Market Meltdown, a Sign of Recovery? appeared first on NewsBTC. […]