Single Address Behind More Than 50% of Bitcoin Cash Transactions: Report

A single address has been responsible for more than half of the bitcoin cash (BCH) transactions in the past month, according to a tweet by @IamNomad on May 5. According to the Bitcoin Cash Block Explorer, the mystery account has made more than 587,000 transactions since it became operational on April 8 of this year. Many of the transactions are for fractional amounts of BCH and they are made with regularity, with three to four new transactions emerging per second. Overall, the address has received $22,763.06 (80.981 BCH) at press time and has…

Trump Grenade Triggers Massive Stocks Sell; Bitcoin Price Slumps to $5,600

By CCN.com: In the last 24 hours, following a strong week, the bitcoin price slipped by around $157, dropping by nearly two percent against the U.S. dollar amidst an insense stocks sell-off. The Dow Jones is set to open with a 500-point drop after U.S. President Donald Trump announced the imposition of additional tariffs on $200 billion worth of Chinese goods, leading both the U.S. and Chinese stock markets to plunge. $4 billion were wiped out of the crypto market in the past 24 hours (source: coinmarketcap.com) A slight correction…

Bitcoin Risks Pullback After Rejections at Key 2018 Price Hurdle

View The June 2018 low of $5,780 is proving a tough nut to crack, as expected. BTC has failed to close above that level for three days in a row, indicating a price pullback may be needed to fuel a sustained move to $6,000. BTC looks to be creating a double-top bearish reversal pattern with neckline support at $5,510 on the 4-hour chart. A break lower could yield re-test of the 30-day MA, currently at $5,294. A strong bounce from the 30-day MA could fuel a sustained rise to $6,000.…

Bitfinex’s Bitcoin Price Excluded from CoinMarketCap Average Calculation

Cryptocurrency data provider CoinMarketCap has excluded bitcoin prices provided by the troubled Bitfinex exchange from its weighted average calculation. Now, when checking BTC/USD data on CoinMarketCap, it shows a single asterisk mark for Bitfinex’s price, with the message at the bottom “Price excluded.” Notably, at time of writing, bitcoin is trading at a premium of over $300 on Bitfinex as compared to other major exchanges. For instance, on Coinbase and Gemini, the price is around $5,650, while on Bitfinex it is around $5,985. In its methodology description on its website, CoinMarketCap states the conditions for…

Bitcoin (BTC) Price Flirting With Key Support: Fresh Rise Likely

Bitcoin price corrected lower recently after trading above the $5,800 level against the US Dollar. The price declined below the $5,700 level and tested an important support near $5,580. There is a key bullish trend line forming with support near $5,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to bounce back above $5,700 as long as it is above $5,600 and $5,540. Bitcoin price remains well supported on the downside above $5,500 against the US Dollar. BTC could start a fresh…