Bitcoin Hovers Near $3,630 as Top Cryptos See Minor Losses

Sunday, Feb. 17 — most of the top 20 cryptocurrencies are reporting minor losses on the day by press time. Bitcoin (BTC) has fallen under the $3,650 mark again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down 0.18 percent on the day, trading at around $3,631, after a brief mid-day high of $3,680, according to CoinMarketCap data. Looking at its weekly chart, the coin has mostly traded sideways for the past week. The current price is about 0.3 percent lower than $3,643, the price…

Most Cryptos See Gentle Green Amid Exceedingly Calm Market Picture

Saturday, Feb. 16: Cryptocurrencies are seeing mild price action, with virtually all of the top 20 coins by market cap seeing fluctuations of within 2 percent in both directions on the day, as data from Coin360 shows. Market visualization by Coin360 Top cryptocurrency Bitcoin (BTC) has seen fractional 0.37 percent growth on the day and is trading at $3,631 to press time, according to CoinMarketCap data. On its 7-day chart, the coin has jaggedly traded downward from an intraweek peak of almost $6,700 on Feb. 11 to a low of…

Government Involvement Key to Crypto’s Success

Terry Duffy, CEO of leading derivative market CME Group, has said that until governments start to accept cryptocurrencies, it is very difficult for major commercial banks to get involved in the market. Duffy made his comments during an interview with Bloomberg published on Feb. 14. When asked if Bitcoin’s (BTC) price has hit its bottom, Duffy said that he is not sure. The interviewer also brought attention to the JPM Coin, the cryptocurrency soon to be launched by United States banking giant JPMorgan to increase settlement efficiency, as recently reported…

Cryptos See Mild Movements After Market Surge, Bitcoin Holds Above $3,600

Saturday, Feb. 9 — as Coin360 data shows, major cryptocurrencies are facing a mix of mild gains and losses, following a major market surge since yesterday. Bitcoin (BTC) is holding steady above the $3,600 price point. Market visualization from Coin360 BTC gained over $200 in value on Friday, Feb. 8, reaching a multi-week high of $3,691 throughout the day. The top currency continued to trade sideways today, before stabilizing to press time around $3,660. Bitcoin 7-day price chart. Source: CoinMarketCap BTC daily transaction volume is steadily growing, according to transactionfee.info…

Bitcoin Breaks $3,600 Price Point, Some Top Cryptos See Double-Digit Gains

Friday, Feb. 8 —  Bitcoin (BTC) has broken the $3,600 price point, with all of the top 20 digital currencies making significant gains on the day, according to data from Coin360. Market visualization from Coin360 In the middle of the day, BTC spiked above the $3,450 mark and at press time the leading cryptocurrency is trading at around $3,640, making a 7.03 percent percent upturn over the day. On its weekly chart, BTC started the week at around $3,493 on Feb. 1, dipping as low as $3,398 on Feb. 7.…

95 Percent of Cryptos Will Die

Matt Hougan, Global Head of Research at Bitwise Asset Management and president at ETF.com, expressed his idea that most cryptocurrencies will die in an interview with Bloomberg published on Feb. 5. During the interview, Hougan declared that he thinks that “there are 2,000 cryptocurrencies out there, 95 percent of them are useless and will die a painful death” and concluded: “The sooner that happens, the better.” According to Hougan, there is a lot of what he defines as bubble-related bad activity in the crypto industry that is currently “getting cleared…

Bitcoin Falls Under $3,400 as Top Cryptos See Losses

Wednesday, Feb. 6 — most of the top 20 cryptocurrencies are reporting slight to noteworthy losses on the day by press time. Bitcoin (BTC) has fallen under the $3,400 mark again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down a fraction of half percent on the day, trading at around $3,387, according to Coin360. Looking at its weekly chart on CoinMarketCap, the current price is nearly 3 percent lower than $3,481, the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap Top…

$312 Million in Mt Gox Cryptos Possibly Sold Via BitPoint Exchange

What appear to be leaked bank documents suggest that millions of dollars-worth of cryptocurrency from the now-bankrupt bitcoin exchange Mt. Gox may have been sold on the the open market through Japan’s BitPoint exchange. Goxdox, a site dedicated to supporting the creditors of Mt. Gox, published the images on Tuesday, stating that the bank book shows payments in Japanese yen from BitPoint to the account of the Mt. Gox trustee, Nobuaki Kobayashi. The payments amount to 34.3 billion yen (about $312.5 million at today’s exchange rate). The most likely explanation is that…

Indian Gov’t Committee Is Worried About Crypto’s Impact on Rupee’s Stability: Report

An Indian governmental committee is concerned by the impact that cryptocurrency could have on the rupee, if it is allowed to be used for payments, according to a report published by Quartz on Feb. 4. The article refers to government panel led by Indian Economic Affairs Secretary and former Executive Director at the World Bank, Subhash Chandra Garg, which was reportedly set up in November 2017. An anonymous source active in the crypto industry — and who reportedly recently met with the committee — is quoted by Quartz as saying:…

Bitcoin Hovers Over the $3,450 Mark as Top Cryptos See Slight Losses

Sunday, Feb. 3 — most of the top 20 cryptocurrencies are reporting slight losses on the day by press time. Bitcoin (BTC) is hovering over the $3,450 mark again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down a fraction of half percent on the day, trading at around $3,476, according to CoinMarketCap. Looking at its weekly chart on CoinMarketCap, the current price is about 3 percent lower than $3,594, the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap Top…