Cryptocurrency

Bitcoin Price Recovers If you like your investments to be exciting—if at times unnerving—then cryptocurrency is the market for you. While the Bitcoin price soared to new heights in 2018, it came crashing down just as fast in a massive meltdown that had many detractors dolling out "I-told-you-so's"…

Facebook Cryptocurrency In its effort for world dominance, Facebook, Inc. (NASDAQ:FB) is now going to add a new cryptocurrency, Libra, to its company. This means the social media giant is now officially looking to become a world bank of sorts, and that holds huge implications, both for FB…

Bitcoin Price Surge Even the most bearish on Bitcoin (BTC) must have known that it would make some manner of recovery. Following its devastating fall in 2018, Bitcoin is beginning to mount a comeback, more than doubling its value since its lowest point in late 2018. But just…

What You Need to Know About the Bitcoin Price Rise It wasn't that long ago that Bitcoin (BTC) dominated headlines for its massive growth, with many cryptocurrency millionaires being made. The Bitcoin price surged ever upward and many people thought the gravy train would never stop running—until it…

Cryptocurrency News While headline numbers look devastating this week, investors might take some solace in knowing that cryptocurrencies found their bottom at roughly $189.8 billion in market cap—that was the low point. Since then, investors put more than $20.0 billion back into the market. During the rout, Ethereum…

Cryptocurrency News Even though the cryptocurrency news was upbeat in recent days, the market tumbled after the U.S. Securities and Exchange Commission (SEC) rejected calls for a Bitcoin (BTC) exchange-traded fund (ETF). That news came as a blow to investors, many of whom believe the ETF would open…

Cryptocurrency News Although cryptocurrency prices were heating up last week (Bitcoin, especially), regulators poured cold water on the rally by rejecting calls for a Bitcoin exchange-traded fund (ETF). This is the second time that the proposal fell on deaf ears. (More on that below.) Crypto mining ran into…

Cryptocurrency News Cryptocurrencies traded sideways since our last report on cryptos. However, I noticed something interesting when playing around with Yahoo! Finance’s cryptocurrency screener: There are profitable pockets in this market. Incidentally, Yahoo’s screener is far superior to the one on CoinMarketCap, so if you’re looking to compare…

Cryptocurrency News & Market Summary Investors finally saw some light at the end of the tunnel last week, with cryptos soaring across the board. No one quite knows what kicked off the rally—as it could have been any of the stories we discuss below—but the net result was…

Cryptocurrency News This was a bloody week for cryptocurrencies. Everything was covered in red, from Ethereum (ETH) on down to the Basic Attention Token (BAT). Some investors claim it was inevitable. Others say that price manipulation is to blame. We think the answers are more complicated than either…

Another Crypto Hack Derails Recovery Since our last report, hackers broke into yet another cryptocurrency exchange. This time the target was Bithumb, a Korean exchange known for high-flying prices and ultra-active traders. While the hackers made off with approximately $31.5 million in funds, the exchange is working with…

Cryptocurrency News On the whole, cryptocurrency prices are down from our previous report on cryptos, with the market slipping on news of an exchange being hacked and a report about Bitcoin manipulation. However, there have been two bright spots: 1) an official from the U.S. Securities and Exchange…

Ripple vs SWIFT: The War Begins While most criticisms of XRP do nothing to curb my bullish Ripple price forecast, there is one obstacle that nags at my conscience. Its name is SWIFT. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the king of international payments. It…

Trust Is Growing... Before we get to this week’s cryptocurrency news, analysis, and our cryptocurrency price forecast, I want to share an experience from this past week. I was at home watching the NBA playoffs, trying to ignore the commercials, when a strange advertisement caught my eye. It…

Crypto Rally Slows Down As I write this report, cryptocurrency prices are in the middle of a vicious tug of war between the bulls and the bears. And the bears are winning right now. Most, if not all, of our favorite cryptocurrencies trended down over the last seven…

XRP Prices Hang in the Balance Ripple bears like to claim that XRP “serves no purpose” in its technology, but recent success with the "xRapid" software says otherwise. That—plus the continual “Is XRP a security?” debate—drove Ripple prices round and round in circles last week. I see these…

Bitcoin Prices Are Less Independent Than You Think Inside the world of cryptocurrencies, some truths go unquestioned: 1) centralization is terrible, 2) fixed money supplies are great, 3) cryptocurrencies are uncorrelated from stocks. The last “truth” is now in question. Many analysts, myself included, have raised questions about…

Cryptocurrency Rally Holds Strong Rallies are important, but holding a rally is even more important. Thankfully, that’s what cryptocurrencies have done over the last two weeks. Our favorites either stuck close to their previous levels or they exploded to the upside. Siacoin (SC), for example, rose more than…

XRP Prices: Patience Is Warranted 2017 was a great year for investors, where the market environment was characterized by a constant barrage of new all-time highs, low volatility, and a number of high-flying sectors taking center stage. 2018 is turning out to be a whole different beast; a…

Litecoin News Update Remember when hackers broke into the Mt. Gox exchange? That security breach—which took place several years ago and resulted in the loss of billions in Bitcoin—continues to roil cryptocurrency markets to this day. In order to understand the story, you have to know the history.…