This Chinese Crypto Mining Guru Predicts the Bitcoin Price Will Surge 20,000%

This Chinese Crypto Mining Guru Predicts the Bitcoin Price Will Surge 20,000%

A Chinese crypto mining pool founder predicted that the next bull run would unleash the market’s full potential, enabling the Bitcoin price to ascend to unfathomable heights before the euphoria cools down.Bitcoin Market Cap To $12 Trillion?This crypto market bull isn’t ready to give up on the flagship cryptocurrency yet. | Source: ShutterstockNews 8BTC’s Lylian…

Why This Crypto Trader Believes the Bitcoin Price Will Rally in May

Why This Crypto Trader Believes the Bitcoin Price Will Rally in May

One prominent crypto trader says that history suggests the Bitcoin price could rally within a few months. | Source: Shutterstock By CCN.com: In the last 24 hours, seemingly unaffected by the withdrawal of the Chicago Board Options Exchange (CBOE) and VanEck Bitcoin exchange-traded fund (ETF), the Bitcoin price has remained stable at $3,500. Based on…

The Simple Reasons Why the Bitcoin Price Will Never Go to Zero

The Simple Reasons Why the Bitcoin Price Will Never Go to Zero

There’s a simple reason why the bitcoin price can never go to zero. There will always be someone who refuses to sell. | Source: Shutterstock By CCN.com: This publication recently covered a talk at Davos in which Jeff Schumacher claims the Bitcoin price is on the way to zero. In this article, we discuss two…

Breaking: Ethereum Developers Postpone Constantinople Hard Fork, Price Plunges

Breaking: Ethereum Developers Postpone Constantinople Hard Fork, Price Plunges

Ethereum developers have delayed the long-awaited Constantinople hard fork in response to potential security vulnerabilities in one of the upgrades. | Source: Shutterstock The core developers of Ethereum have called for a delay to the activation of Constantinople, just hours before the long-awaited hard fork was scheduled to go live on the third-largest cryptocurrency’s network.…

Falling GDP, China’s Weakening Economy Drops Crude Oil Price By 2%

Falling GDP, China’s Weakening Economy Drops Crude Oil Price By 2%

China’s weakening economy is driving fears of a global slowdown and now impacting oil markets. The price of crude oil fell 2.1% today. New Data Shows a Cooling Chinese Economy The latest data on Chinese imports and exports, below expectations, dropped the Dow Jones 230 points in premarkets today. The Dow Jones recovered but failed…

Federal Reserve Blames Altcoins for Dragging Down the Bitcoin Price

Federal Reserve Blames Altcoins for Dragging Down the Bitcoin Price

The Federal Reserve Bank of St. Louis has released an article today about Bitcoin. In it, the bank notes that the price of Bitcoin has three potential futures: indefinite, infinite appreciation; zero; or somewhere in between. They believe it will be somewhere in between. The authors, David Andolfatto and Andrew Spewak, conclude that one of…

Newsflash: Bitcoin Price Falls Near $3,750

Newsflash: Bitcoin Price Falls Near $3,750

Bitcoin price retreated below $4,000 for the first time this week to trade near $3,750 during Thursday’s early trading period. The price of bitcoin, the world’s first and foremost cryptocurrency by market value, was trading at $4,036 (Bitstamp) at 07:00 UTC on Thursday before a precipitous fall leading to a drop of nearly $300 in…

Nvidia: Why Low Crypto Mining Demand Didn’t Cause Share Price Woes

Nvidia: Why Low Crypto Mining Demand Didn’t Cause Share Price Woes

TweetShare Several reports over the past week have suggested that the stock price of Nvidia has dropped due to a drop in demand for crypto mining. Fool.com’s report, for instance, read: NVIDIA’s revenue growth is expected to drop into the single digits this quarter. The reason: weak demand for graphics cards. Cryptocurrency mining was a…