Bitcoin Hovers Under $4,000 as Top Cryptos See Mixed Movements

Saturday, Feb. 23 — the top 20 cryptocurrencies are reporting mixed movements on the day by press time. Bitcoin (BTC) is hovering under the $4,000 mark again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down 0.26 percent on the day, trading at around $3,976 after a brief mid-day high of $4,005, according to CoinMarketCap data. Looking at its weekly chart, the current price is over 8 percent lower than $3,643, the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap Ethereum (ETH)…

Texas Crypto Fund Unveils Two New Ways to Value Bitcoin

In a paper published this week, Tuur Demeester’s US crypto fund, Adamant Capital, suggests two new ways of determining the relative market value of Bitcoin. One measures investor sentiment; it’s called Relative Unrealized Profit/Loss Ratio. HODLer Position Change (HPC) is perhaps more interesting. Adamant finds HPC by measuring blockchain “liveliness.” They explain the concept as such: “A blockchain where all the coins move within a single block has at that moment a Liveliness of 100%. A blockchain of two years old with no new block rewards, and where exactly one…

Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Stellar, Tron, Binance Coin, Cardano: Price Analysis, Feb. 22

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The fundamentals of the crypto space have been improving over the past year. These developments are not going unnoticed by the institutional players. Though they have not committed huge sums of money, they have started testing the waters. Crypto hedge fund Pantera Capital, which…

Bitcoin (BTC) Value Derived From Its Utility

Bitcoin prices up 10.1 percent in the last week. Jesse Lund projects Bitcoin value to hit $1 million in ten years Transaction volumes increase in the last three weeks Jesse Lund is optimistic of future Bitcoin prices valuing the coin at $1 million. Cementing his optimism is increasing adoption which he says draws value and hence the huge valuation. Before $1 million, Bitcoin (BTC) must first breach $4,500 with decent volumes. Bitcoin Price Analysis Fundamentals The creation of Bitcoin was monumental. It will continue to be as long as the…

Bitcoin Hits $4K for the Fourth Time in 2019, Stocks Jump Amid US–China Trade Talks

Feb. 22 — following some red signals yesterday, crypto markets have continued to rise, with all top 20 coins up today, according to CoinMarketCap. Market visualization from Coin360 Bitcoin (BTC), the biggest cryptocurrency accounting for around 52 percent of crypto market, has again briefly broke $4,000 point for the fourth time this month, according to CoinMarketCap. At press time, Bitcoin is up around 1 percent, and is trading at $3,987. The oldest cryptocurrency is up almost 10 percent over the past 7 days. Bitcoin 7-day price chart. Source: CoinMarketCap The…

Third-Top Exchange OKEx Lists Ripple and Bitcoin Cash on Customer-to-Customer Platform

Malta-based major cryptocurrency exchange OKEx has listed Ripple (XRP) and Bitcoin Cash (BCH) on its customer-to-customer (C2C) trading platform, according to a press release shared with Cointelegraph on Feb. 22. OKEx, the top third crypto trading market by daily trading volumes at press time, now allows users to buy or sell XRP and BCH with five supported fiat currencies: the British pound (GBP), Chinese renminbi (CNY), Vietnamese dong (VND), Russian ruble (RUB) and Thai baht (THB) on the OKEx C2C trading platform. The Thai baht was added to the OKEx…

Bitcoin Remains On Hunt For $4.2K Despite Price Consolidation

View Bitcoin’s low-volume price consolidation has taken the shape of a bull flag on the 4-hour chart. A break above $3,930 would confirm a flag breakout and open the doors to $4,330 (target as per the measured move method). The flag breakout looks likely, as the longer duration charts are biased bullish: Monday’s high-volume triangle breakout is still valid, while a bullish crossover between the 5- and 10-day exponential moving averages (EMAs) on the 3-day chart indicates a positive shift in market sentiment. Another failure to take out $4,000 could…

Bitcoin Price Plunge to $3,700 Expected; Retreat is a Blessing For Crypto

Following a rapid surge in the Bitcoin price from $3,614 to $4,000 within a span of three days, traders are expecting BTC to retrace by around 7 percent to $3,700. The cautious projection on the price trend of the dominant crypto asset comes after the failure of BTC to climb beyond the crucial $4,000 resistance level. On February 19, BTC achieved $4,000 across major crypto exchanges including Bitstamp and Binance. Shortly thereafter, it fell to the low $3,900 region and today, below the $3,900 level. What does Will Bitcoin Pullback…

So Far, Only Two Businesses in Ohio Have Used Bitcoin to Pay Taxes

According to a recent statement made by Ohio’s state treasurer, so far, only two businesses have filed their taxes in crypto using the state’s crypto tax payment scheme. Speaking at a forum organized by the Ohio State Associated Press on February 19, 2019,Robert Sprague fielded questions about the department’s experiences with the newly launched bitcoin payment option for taxes, which was set up by his predecessor Josh Mandel in December 2018. Sprague, who assumed his position a little over a month ago, states that the country has received only two…

US Decision on Bitcoin ETF Will Set Tone for Local Crypto Market

An official at South Korea’s sole securities exchange operator, the Korea Exchange (KRX), says the bourse is closely eyeing developments from United States regulators in regard to Bitcoin (BTC) exchange-traded funds (ETFs). The official, reportedly speaking on condition of anonymity, was cited by local English-language daily The Korea Herald on Feb. 20. ETFs are securities that track a basket of assets proportionately represented in the fund’s shares. They are seen by some as a potential development that would herald the widespread adoption of crypto as a regulated and passive investment…