Bitcoin needs a “pullback” before heading higher towards $10,000, historical data suggests as BTC/USD tests $9,000 support.
In light of China news, April Fools’ Bitcoin rally starts making sense
Once again, someone with a lot of access may have known something
Last week’s run-up in Bitcoin prices seemed like it would remain a mystery. Now comes word that China is contemplating a ban on mining and it all starts to make sense.
What bitcoin’s biggest hour ever tells us about its future
December was the gold rush, April is the creation of a market that can function smoothly at at any level
The price of bitcoin surged over $1,200 in just one hour Thursday morning as more bitcoin changed hands than at any time in its 9-year history. Over $1.2 billion in bitcoin traded over the course of half an hour, beginning at 7 a.m. While analysts can’t find a credible reason why, the real big story of the day is how smoothly the networks handled this huge surge. In April 2017, when bitcoin traded at $1,100, a single transaction cost $0.84. That same transaction in December, when bitcoin edged up to $20,000, may have cost up to $54.90. On Thursday, with a billion-dollar hour on the books, those trades cost less…