About That Orange B… The History of Bitcoin’s Logos

Can a logo symbolize the ethos of a project? An industry? An entire movement? This is perhaps too much meaning to attribute to any one design, but if any logo has come close to the task, it’s that of bitcoin. Belonging to no corporation, no in-house graphic design team at a shiny Silicon Valley startup, bitcoin’s logo has given the faceless project’s many adherents an image to hold on to. And not only to hold on to – but to emblazon on shirts, stick to laptops and stamp on physical…

Bitcoin’s Monthly Price Gains Already Highest Since November 2017

View Bitcoin hit a fresh 10-month high of $8,335 on Bitstamp earlier today and is currently reporting its largest monthly gain since November 2017. A bearish divergence of the hourly chart relative strength index and overbought conditions signaled by longer-duration RSIs indicate scope for a pullback to $7,400. A rally to $8,500 could be seen in the U.S. trading hours if BTC invalidates the above bearish chart pattern with a move over $8,335. Bitcoin (BTC) clocked fresh 10-month highs earlier today and currently appears on track to post its largest…

$7,900: Bitcoin’s Price Extends Gains to Hit 9-Month High

The price of bitcoin (BTC) surpassed $7,900 today, jumping 16 percent in the process to reach a high not seen in more than nine months. Bitcoin (BTC), with a market capitalization that now accounts for 59.8 percent of the total cryptocurrency market, jumped 16 percent from its opening price of $6,800 to reach $7,889 at 15:10 UTC – its highest price since July 31, 2018, according to CoinDesk’s price data. The data further shows that a high of $7,946.01 has been reached during Monday trading. Now trading a $7,805.10, current figures represent…

Bitcoin’s Market Share Hits 8-Month High as Price Passes $6K

View Bitcoin’s dominance rate has hit 8-month highs, suggesting investor confidence in the recent price rally. A test of highs above $6,500 seen in November last year now seems likely. Such a move, however, may be preceded by a pullback to the 10-day moving average at $5,633 if the immediate resistance zone of $6,055–$6,100 remains intact in the next 24 hours or so. The short-term bullish outlook would be invalidated only by a drop below the 30-day MA at $5,365. Bitcoin’s (BTC) recent rally looks sustainable, according to the charts,…

World Gold Council Blinks, Claims Bitcoin’s ‘No Replacement for Gold’

By CCN: Gold may have a value of $7.8 trillion, but it isn’t happy about giving any of that up to bitcoin, the latter of which has a market cap of $97.2 billion. A day after Grayscale unleashed its “Drop Gold promotion, a TV commercial that garnered 100,000 views in less than 24 hours, the World Gold Council is clapping back. Gold’s reputation as a store of value has gone pretty much uncontested for thousands of years – until bitcoin, which has earned the reputation as digital gold in addition…

Bitcoin’s Future is Shining but BTC Bulls under Liquidation Pressure

Bitcoin (BTC) stable above $5,000 Adoption will drive BTC prices higher For mainstream adoption of digital assets, there must be utility. Bitcoin as a peer-to-peer cash system is useful with a secure network that is censorship resistance and immune to politics. With increasing use fueled with next year’s halving, Bitcoin (BTC) is likely to expand. Bitcoin Price Analysis Fundamentals Bitcoin adoption is all about the number of individuals willing to ditch fiat and hold BTC. To satisfactorily gauge how many do, analysts track active Bitcoin addresses. Good news is, despite…

Bitcoin’s Price Closes In on First 3-Month Win Streak Since 2017

View Bitcoin is set to end April with around 26 percent gains. The growth marks the third straight monthly increase and the first three-month winning streak since the final quarter of 2017. A falling channel breakout seen on the monthly chart confirms a long-term bullish reversal. A similar breakout seen in October 2015 had paved way for a record rally to $20,000. Bitcoin may post stellar gains in May if the 30-day MA, currently at $5,142, reverses the recent pullback. In that case, prices could rise to $6,000. A close…

Bitcoin’s Explosive Rally Targets $6,500 Next

By CCN: The bitcoin price could surge to $6,500 soon because it breached a key resistance level of $5,500 this week. That’s the assessment of Naeem Aslam, the Chief Market Analyst at ThinkMarkets, a forex and derivatives broker. Indeed, bitcoin has roared to a six-month high this week after flailing for much of 2018. Aslam: Nasdaq Is Warming Up to Bitcoin Futures Analyst Naeem Aslam told CCN that there are several factors driving the rally, including optimism that Nasdaq is growing more confident about bitcoin futures. Moreover, he says there’s…

EY Blockchain Whiz Quits Crypto, Says Adoption Not in Bitcoin’s Forecast

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN: The ruthless bitcoin bear market of 2018 has claimed numerous victims, including many crypto startups and executives. The latest is former EY blockchain leader Angus Champion de Crespigny,…

Bitcoin’s Path to Retake $20,000 Could Be Slow and Painful: Analyst

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN: John McAfee continues to trumpet a bitcoin price that will hit $1 million by the end of the decade. He isn’t even afraid of betting his manhood on…