Altcoin News Altcoin Price Analysis bitcoin Bitcoin Analysis Bitcoin Value Ethereum Opinion 

‘The Business Blockchain’ Author Predicts Year-End Prices of Top Cryptos – CCN.com

On Wednesday, the author of the book “The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology,” William Mougayar, took to Twitter to share his fearless forecast on the possible year-end prices of top cryptos. The crypto tokens that made Mr. Mougayar’s list include bitcoin, Ethereum, Ethereum Classic, and Binance Coin among others. Strong end of the year predictions from William Mougayar. | Source: Twitter What immediately caught our attention is the author’s predictions on the top two cryptos. Mr. Mougayar believes that bitcoin will print a new…

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bitcoin Bitcoin Analysis Cryptocurrency News 

Bitcoin Whale Moves a Cool Billion Dollars for a Mere $700 Fee — CCN Markets

Someone just moved $1 billion in bitcoin to an unknown wallet. | Source: Shutterstock On September 6, more than $1 billion worth of bitcoin was sent from an unknown wallet. The transaction was processed within several hours with a $700 fee. A $1 billion bitcoin transaction processed with a $700 fee (source: blockchain.com) The Token Analyst team traced some of the 94,500 bitcoin to the address of Huobi Global, a major cryptocurrency exchange, but the origins of the rest of the holdings remain unclear. $1 Billion+ $BTC was transferred in…

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bitcoin Bitcoin Analysis Cryptocurrency News gold Peter Schiff silver 

Silver and Gold Ruled the August Roost but How Did Bitcoin Fare?

Silver and gold are finally drawing some attention from market participants thanks to a stellar performance from precious metals in August. | Source: Shutterstock; Edited by CCN Silver and gold are finally drawing some attention from market participants thanks to a stellar performance from precious metals in August. After several years of sideways price action, commodity bulls may finally be ready to break out the champagne. According to German market commentator Holger Zschaepitz, silver outshined its big brother by an impressive 5% to record a solid 13% gain in the…

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bitcoin Bitcoin Analysis federal reserve Opinion tom lee 

Tom Lee – CCN Markets

The Burning Man festival makes the list for the more obscure factors for a bitcoin trading lull. | Source: Flickr/wnhsl Fundstrat co-founder Tom Lee claims this week’s bitcoin price nosedived because the crypto-sphere is distracted by the Burning Man festival. Moreover, Lee predicts the Federal Reserve will raise interest rates 75 basis points by the spring of 2020. Lee, a bitcoin perma-bull, made the remarks to Fox Business News. During a segment with UBS Managing Director Jason Katz, Lee discussed bitcoin, the stock market, and Federal Reserve policy. “In a week…

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bitcoin Bitcoin Analysis Cryptocurrency News Op-ed 

3 Simple Reasons NOT to Buy the Bitcoin Dip – CCN Markets

Cutting through the squiggly lines of technical analysis, here are three very simple reasons why you should NOT be buying any Bitcoin in the short term. | Source: Shutterstock Bitcoin’s recent drop below $10,000 split an already fractured cryptocurrency community into two distinct camps. On one side are the optimists who believe Bitcoin’s drop to $9,400 is merely a blip on the way to the moon – and an excellent opportunity to buy more coins. On the other side are those who believe the summer pump is over and more…

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bitcoin Bitcoin Analysis Brian Kelly Cryptocurrency News 

Brian Kelly Is Short-Term Bearish but Sees ‘Generational Opp’ in Bitcoin

Brian Kelly is bearish on the bitcoin price in the short term but believes there is a generational buying opportunity coming in BTC/USD. | Source: CNBC/YouTube By CCN Markets: The bitcoin price might have broken back above the $10,000 level today, but one notable trader isn’t impressed. Speaking on CNBC, crypto investor Brian Kelly, who is usually the biggest bitcoin bull in the room, made it clear that he has turned bearish on BTC/USD despite its recent bounce. Longer-term, however, Kelly still believes there is a “generational buying opportunity” coming…

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bitcoin Bitcoin Analysis Cryptocurrency News Turkey 

Turkish Bitcoin Adoption Ramps Up amid Flagging Economic Recovery

Turkey interest in bitcoin remains robust as the economy struggles to recover from the collapse of the lira from 2018. | Source: Shutterstock By CCN Markets: Turkey likes bitcoin more than any of the other 14 nations polled in a recent survey by Dutch banking group ING. Sixty-two percent of Turks were crypto positive, while 36% said they would be happy to be paid in bitcoin. Meanwhile, Austrians were the most skeptical, with only 13% being pro-crypto. Screenshot of ing.at poll These sentiments make perfect sense given Turkey’s recent economic…

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bitcoin Bitcoin Analysis Op-ed store of value 

Bitcoin Will Never Be a Store of Value. Here’s Why

Bitcoiners claim that BTC is a store of value, but it doesn’t meet the requirements, according to one fund manager. Source: Shutterstock As the resident bitcoin skeptic at CCN.com, it’s my job to make logical and reasoned arguments against holding bitcoin. Today I argue that bitcoin is not a store of value as some claim, and never will be. It’s not even a hedge. “Store of Value” Does Not Mean What You Think It Means The concept of a “store of value” means that a given object can be exchanged…

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Bitcoin Analysis bitcoin etf Op-ed sec VanEck 

The SEC Punts on Bitcoin ETFs and Will Never Permit Them

The SEC punts on whether it will or won’t approve 3 new bitcoin ETFs, signaling that it isn’t prepared to regulate BTC this way just yet.  | Source: Shutterstock; Edited by CCN The U.S. Securities and Exchange Commission (SEC) is delaying its decisions on whether to approve or kill three new bitcoin ETFs. The bitcoin ETF offerings from VanEck, Bitwise, and United States Bitcoin and Treasury Investment have each been under consideration for months, and the SEC is pushing its decision out to the maximum amount of time permitted under federal…

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Bitcoin Price Explodes Past $12,000, ‘Clear Skies’ to 2019 High

Bitcoin price shatters a new milestone amid a stock market tumble. | Source: Shutterstock The bitcoin price pierced $12,000 on Tuesday as traders seek refuge from global instability on traditional markets. As global stock markets reel from the escalating trade war between the US and China, Bitcoin has climbed more than 20% in five days, briefly hitting $12,265 on Coinbase. The move upwards was accompanied by the strongest volume in over two weeks. The bitcoin price rocketed past $12,000 on Tuesday as global instability grips the stock market. Source: TradingView…

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