MrBitcoin April 8, 2020

Bitcoin dominance has not only broken down from a two-year-long uptrend, but it has also retested the trend line as resistance and failed to reclaim the key level. With trend line support now confirmed as resistance, its likely that Bitcoin dominance could see an extended downtrend in the days, weeks, and months ahead. But what […]

MrBitcoin April 2, 2020

In a jarring early-morning movement, Bitcoin blew past the resistance it was previously facing within the upper-$6,000 region, with this rally allowing bulls to significantly bolster their near-term technical situation. Analysts are now widely noting that the strength of this movement is likely to lead it significantly higher, with short positions getting punished. One prominent […]

MrBitcoin March 22, 2020

Ethereum, like Bitcoin and most other major altcoins, has been firmly caught in a consolidation phase over the past few days and weeks, which has led it to stabilize around $130 as bulls and bears both attempt to take control of the cryptocurrency. One analyst is noting that there are a couple technical formations that […]

MrBitcoin March 14, 2020

Yesterday’s meltdown of the crypto markets was not entirely negative, Bitcoin, although price dropped substantially, has remained resilient through its first financial crisis.  The network has stayed up, and even made a higher low than 2018, and the halving is less than 60 days away. 1. Crypto Markets Weather First Major Global Crisis Even though […]

MrBitcoin March 10, 2020

Few factors influence Bitcoin price beyond simple speculation and supply and demand dynamics. However, the energy costs associated with mining each Bitcoin appear to have a strong impact on where and when the asset bottoms. The leading cryptocurrency by market cap bottomed when Bitcoin went below this key cost of production metric back in 2018, […]

MrBitcoin March 5, 2020

Crypto markets are in the green today with leading digital currency Bitcoin gaining around 4 percent over the last 24 hours. The reason behind the sudden pump after a lull in the markets appears to be news out of South Korea. Earlier today, lawmakers made amendments to the nation’s financial regulations regarding crypto. Many publications, […]

MrBitcoin February 28, 2020

Everybody knows that one day Bitcoin mining will eventually cease, and the last coin will be mined. The date for this is expected to be around the year 2140. So what could an investment of $100 now be worth in 120 years time?  Bitcoin to the Moon To estimate the price of Bitcoin well into […]

MrBitcoin February 18, 2020

The crypto market is off to a bad start this week. But that has not depleted its possibilities of registering a big fat rebound thanks to Beijing. The People’s Bank of China announced that it is slashing down interest rates on its medium-term loans – from 3.25 percent to 3.15 percent. At the same time, […]

MrBitcoin February 15, 2020

FCoin, the native token of the Singapore-based exchange, has allegedly had a rogue employee destroy tokens worth $75,171,370 USD, belonging to both the platform and its team members. The FCoin Story has gone from bad to worse It started off with rumors of a hack, like so many other crypto exchanges, but it seems the […]