MrBitcoin July 9, 2020

Ethereum broke above a crucial short-term resistance area this Wednesday. The second-largest cryptocurrency is now eyeing a “significant breakout” towards 0.032 sats, according to analyst Peter Brandt. The veteran financial strategist also predicted an altcoin rally should Ethereum move higher. Ethereum is performing better in the bitcoin-enabled market since the “halving” on May 11, 2020. […]

MrBitcoin July 7, 2020

Bitcoin futures have seen a rising premium over spot BTC in recent months, which seems to indicate that traders are bullish on the benchmark cryptocurrency. This premium is particularly clear while looking towards the CME – which seems to indicate that professional traders and institutions are particularly bullish on BTC at the present moment. This […]

MrBitcoin July 4, 2020

In addition to the obvious advantages in the form of anonymity, accessibility, ease of use and low cost of transactions, cryptocurrencies have some serious drawbacks that impede their global adoption. The main one is the connection between crypto and crime. Everyone who has studied this topic even superficially knows that Bitcoin (BTC) still remains a […]

MrBitcoin June 29, 2020

The number of Bitcoin that has not moved in over 12 months achieved a new all-time high. The statistic indicates investors are confident in the long-term trend of BTC. Dan Held, who leads business development at a top U.S. Bitcoin exchange Kraken, said: “61% of Bitcoin hasn’t moved in over a year. That’s an all-time […]

MrBitcoin June 26, 2020

Bitcoin price is eyeing a breakout towards $13,000, according to Bloomberg analyst Mike McGlone. The senior commodity strategist stated that the cryptocurrency’s declining volatility is making it a digital version of gold. He also highlighted BTCUSD trading inside a bullish technical structure. Could Bitcoin price break above $10,500, a technical resistance it has repeatedly failed […]

MrBitcoin June 23, 2020

The United States is in turmoil, and the dollar is weakening slowly, but steadily. But an economist is warning that the decline may soon kick into warp speed. If it does, what might that mean for Bitcoin? Warp Speed Dollar Decline Could Lead Bitcoin To Take The Throne The United States has long enjoyed its […]

MrBitcoin June 23, 2020

LibertyX, the firm that launched one of the early Bitcoin ATMs, has just made purchasing Bitcoin in cash possible at more than 20,000 retail locations across the United States.  In a June 22 announcement on LibertyX’s Twitter account, the crypto ATM service company said customers of retailers including 7-Eleven, CVS Pharmacy, and Rite Aid would […]

MrBitcoin June 21, 2020

Bitcoin’s consolidation phase has persisted, with the cryptocurrency continuing to trade sideways as it hovers around $9,360 The cryptocurrency has struggled to garner any notable momentum, showing some signs of weakness as it continues trading around the lower boundary of its range It does appear that it could be poised to see further near-term weakness […]

MrBitcoin June 21, 2020

After the block reward halving in May, Bitcoin’s mining ecosystem was immediately thrown into disarray. The revenue of miners was effectively halved overnight, forcing many miners with tight profit margins to go offline as they could not maintain a positive cash flow in the wake of the event. This resulted in a slowdown in transaction […]