Bitcoin price broke its consolidation phase as investors continued to worry about the rising interest in the US continue
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Cryptocurrency prices tumbled on September 25 after China’s central bank declared all transactions involving Bitcoin and other virtual currencies illegal.
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On-chain analyst and market researcher Willy Woo says the recent price correction for bitcoin may have been caused by a billion-dollar whale transfer.
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Bitcoin‘s blistering surge to a staggering $1 trillion total value over recent months has taken many by surprise.
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the Bitcoin network hashrate has dropped more than 49% after touching an all-time high at 218 exahash per second.
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Allianz’s chief economic advisor, Mohamed El-Erian, says that the argument for investing in bitcoin has reached a pivot point.
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There are still a lot of uncertainties around the scheduled Bitcoin Cash fork event on Nov. 15, but one thing is for sure: The cryptocurrency’s biggest advocate, Roger Ver, executive chairman of Bitcoin.com, is not a fan of the scheduled upgrades on the network, which take place every six months.
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BTC has gone past the $60,000 mark yet again after nearly six months since hitting its all-time high in May.
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