Tag Archives: Could

Ethereum Could See More Pain Before Face-Melting Bull Market

Just like bitcoin, Ethereum has been correcting ever since it posted a high in June 2019. From last year’s high of $363.30, the number two cryptocurrency has lost over 62% of its value. Those losses are significantly magnified if you consider that Ethereum traded at $1,424.30 in January 2018. From the all-time high, ether has already shed over 90% of its value. Continue reading Ethereum Could See More Pain Before Face-Melting Bull Market

Incarcerated Silk Road Founder Says Bitcoin Could Hit $100,000 in 2020

Bitcoin’s latest brush with six-month lows has attracted nasty commentary about the future of digital assets. Although the so-called bitcoin obituary hasn’t added any new listings since November, fund manager Peter Schiff is already consoling millennials about their foolish decision to dabble in the asset class. Continue reading Incarcerated Silk Road Founder Says Bitcoin Could Hit $100,000 in 2020

Huobi Global’s Ban on U.S. Customers Could Rattle Huobi Token

In a blog post, the world’s third-largest cryptocurrency exchange by trading volume, Huobi Global, announced that it had been steadily disabling the accounts of its U.S. customers. Now, the firm plans to cut off all the remaining U.S. accounts on Nov. 13. The decision was made to comply with U.S. laws and regulations based on the company’s user agreement. Continue reading Huobi Global’s Ban on U.S. Customers Could Rattle Huobi Token

China’s Illegal Crypto Mining Crackdown Could Ignite a Bitcoin Price Rally

Besides fat-fingered whales, the other species HODLers should learn to fear are large-scale Bitcoin miners whose electricity cost is zero. The reason? Their break-even point is low enough to depress the fair market value of the Bitcoin price, dashing the asset’s seven-figure ambitions. Continue reading China’s Illegal Crypto Mining Crackdown Could Ignite a Bitcoin Price Rally