Bitcoin Eyes $12,000 in South Korea as Demand For Cryptocurrency Rises

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Bitcoin has built significant momentum over the past 24 hours, surpassing the $11,000 mark. The majority of alternative cryptocurrencies in the market have performed poorly against bitcoin, as the most dominant cryptocurrency in the market continued to lead a strong rally. Against the US dollar, bitcoin has increased by nearly 8 percent since February 17, achieving $11,200. Apart from a few small cryptocurrencies such as Aion, bitcoin has been the best performing major cryptocurrency in the market.…

Cryptocurrency Market Recovers to $500 Billion, Bitcoin Records Gains

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. For the first time in February, the cryptocurrency market has recovered to $500 billion, as most major cryptocurrencies including bitcoin and Ethereum recorded large gains in the past two days. Within the past 24 hours, bitcoin recorded a price increase 9 percent, rising from $10,030 to $10,850. Premiums in the South Korean cryptocurrency market have reemerged, and over the past 24 hours, bitcoin has been traded in the South Korean market with a 2 to 3 percent…

Strategist Tom Lee Predicts New All-Time Highs For Bitcoin In July

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Tom Lee, co-founder of Fundsrat Global Advisors, the only major Wall Street strategist covering bitcoin, expects bitcoin to reach new highs again in July, according to Bloomberg. The cryptocurrency has been posting some recovery since falling 70% from its Dec. 18 high to its Feb. 6 low. Lee, who urged caution during bitcoin’s record “bull run,” said the cryptocurrency, now trading near $10,000, has established a pattern whereby its bottoms are “V-shaped.” He claims bitcoin has registered…

Bitcoin Price Surges to $10,000 as Market Continues to Recover

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The bitcoin price has surpassed the $10,000 mark, which analysts including BitFury vice chairman George Kikvadze described as a psychological threshold, as the entire cryptocurrency market recorded large gains. Bitcoin In yesterday’s report, CCN noted that bitcoin is in an ideal position to break through the $10,000 mark, given its strong volume across all major cryptocurrency exchanges. Although the price of bitcoin has dipped below $9,900 since achieving $10,000, unless sell volumes continue to rise in the…

Bitcoin Price Tests $10,000 as Market Cracks $475 Billion

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The cryptocurrency market recovery continued on Thursday, with nearly every top 100-cryptocurrency rising in value against the US dollar. The Bitcoin price headlined the advance, testing the $10,000 for the first time since Feb. 1. Ripple, meanwhile, surged on the surprising news that money transfer behemoth Western Union is trialing XRP integration in a pilot program. Source: CoinMarketCap The rally briefly raised the cryptocurrency market cap above $475 billion, which constituted a two-week high, although it has…

Bitcoin Price Spikes to $9,300 as Bulls Notch Another Victory

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The Bitcoin price punched through $9,000 on Wednesday, enabling bulls to notch another victory as the market sorts out the flagship cryptocurrency’s short-term future. Bitcoin Price Spikes to $9,300 Over the course of the past week, the Bitcoin price had established a base at $8,000, seemingly bringing an end to a market free-fall that had seen BTC and other top cryptocurrencies sink to their lowest levels since November. However, Bitcoin met strong resistance at $9,000, and despite…

Bitcoin Price Struggles to Break Through Resistance at $9,000

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The cryptocurrency market recovery hit a wall on Tuesday, forcing the Bitcoin price back down to $8,500 and all major coins and tokens into decline as well. Source: CoinMarketCap There was no clear trigger for the pullback, which brought an end to the market’s longest rally since December. Altogether, the cryptocurrency market cap declined by $18 billion, representing a single-day decrease of about four percent. Bitcoin Price Unable to Break Through Resistance at $9,000 Late last night,…

Cryptocurrency Market Continues to Rebound, Reaching $420 Billion

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. For two straight days, the cryptocurrency market has continued to demonstrate signs of short-term recovery. Although volumes remain low, the price of most major cryptocurrencies like bitcoin, Ethereum, Ripple, and Bitcoin Cash remain relatively high. Bitcoin Earlier today, on Feburary 13, bitcoin surpassed the $9,000 mark for the first time since February 10. While bitcoin has not been able to recover beyond $10,000, which many analysts consider as the psychological threshold, bitcoin has recorded an optimistic weekly…

Bitcoin Price Finds a Base at $8,000

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The Bitcoin price appears to have found a base at $8,000 as it seeks to recover to its mid-December high. Bitcoin Price Finds a Base at $8,000 At this time last week, the Bitcoin price was neck-deep in the most precipitous market correction that the majority of cryptocurrency investors had ever experienced. By the end of the day, Bitcoin would plunge below $6,000 for the first time since November, leaving Bitcoin bears gleefully predicting the flagship cryptocurrency’s…

Bitcoin Market Cap Could Hit $4 Trillion: Winklevoss Twins

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The Bitcoin price has the potential to rise 4,000 percent over the coming decades, enabling the flagship cryptocurrency to one day achieve a $4 trillion market cap. Bitcoin Market Cap Could Hit $4 Trillion: Winklevoss Twins That’s according to longtime Bitcoin bulls Cameron and Tyler Winklevoss, who first invested in Bitcoin when it was valued at $120 and became the first verified “Bitcoin billionaires.” The twins have often compared Bitcoin favorably to gold, forecasting that the digital…