Bitcoin

MrBitcoin December 12, 2019

Bitcoin price is declining and it is now trading below the $7,200 support against the US Dollar. The price is likely to struggle near the $7,200 and $7,280 levels if it corrects higher. There is a key bearish trend line forming with resistance near $7,190 on the hourly chart of the BTC/USD pair (data feed […]

MrBitcoin December 11, 2019

Paris-based asset management firm Napoleon AM announced the launch of a regulated Bitcoin (BTC) fund, the Napoleon Bitcoin Fund. The company announced in a press release that the fund was created on Nov. 8 and is a specialized professional fund under French law. The company claims that its product is one of the first regulated […]

MrBitcoin December 10, 2019

The next big bitcoin bull-run was supposed to be led by an incoming swathe of institutional money. Lured in by potential profits unheard of in traditional investment products, and reassured by trusted brands offering institutional-grade custodial solutions. So what happened? Patience Is A Virtue According to Bloomberg, the biggest investors are still on the sidelines biding their […]

MrBitcoin December 9, 2019

Is the bottom in? Since Bitcoin (BTC) fell precipitously to $6,600 late last month, analysts have been asking if the leading cryptocurrency has finally found a price bottom after a multi-month downturn. According to a number of fractal analyses, which is comparing an asset’s historical price action to its current price action, the bottom just […]

MrBitcoin December 1, 2019

After hitting $6,600, Bitcoin (BTC) saw a strong price bounce, returning to $7,800 just yesterday. This marked an increase of nearly 20% from the bottom, making some convinced that the bottom is in. Though, over the past 12 hours, the cryptocurrency has started to slip once again, eliciting bearish responses from an array of industry […]

MrBitcoin November 30, 2019

Bitcoin (BTC) bulls will no doubt keenly watch talk of the need for “a new, neutral global reserve asset” at the heart of the traditional financial sphere.  Financial Times business columnist and associate editor Rana Foroohar published an opinion piece on Nov. 25, pointing to the renewed, half-justified “paranoia” of the “gold bugs,” which has […]

MrBitcoin November 29, 2019

Cryptocurrencies might finally go hand in hand with traditional money services. Starting from 2020, it might be legal for German banks to sell cryptocurrencies like Bitcoin and provide custody solutions, local media reports.  Germany Welcomes Cryptos with Open Arms Currently, financial institutions operating in Germany are not allowed to directly sell cryptocurrencies to their clients. […]

MrBitcoin November 26, 2019

Ripple’s native asset XRP has dropped by up to 36 percent from its local top of $0.315. The third-largest cryptocurrency is now looking to extend its losses further to retest its two-year low. The XRP/USD pair on Monday established a session low of $0.20041 on BitStamp cryptocurrency exchange. The downside price action drew the pair […]