Category Archives: bitcoin price

Altcoin House of Sand: Only BTC, LTC and XRP Remain From Five Years Ago

If anyone is in need of a harsh reminder of the precarious nature of the altcoin market, one could do worse than to browse historical cryptocurrency data charts. Of particular note is the severe lack of presence by a vast majority of coins which would have been considered major altcoins just five years ago. Bitcoin, […]

The post Altcoin House of Sand: Only BTC, LTC and XRP Remain From Five Years Ago appeared first on Hacked: Hacking Finance.

U.S. Stocks Rise on China’s Evolving Industrial Blueprint; Cryptos See Modest Progress following Heavy Selling

U.S. stocks rebounded sharply on Wednesday as investors shifted from apprehension to optimism on China trade negotiations. Cryptocurrencies stemmed early-week volatility but failed to muster much of a rally as trade volumes dropped. Relief Rally Wall Street’s major indexes recovered sharply midweek, shifting the balance back in favor of the bulls for the time being. […]

The post U.S. Stocks Rise on China’s Evolving Industrial Blueprint; Cryptos See Modest Progress following Heavy Selling appeared first on Hacked: Hacking Finance.

Bitcoin Life Expectancy: Lindy Effect Suggests BTC Is More Difficult to Kill Than Ever Before

The crypto bear market is showing little signs of letting up. On Tuesday, a fresh wave of selling engulfed bitcoin and altcoins, dragging the market toward fresh yearly lows and thrusting Tether (USDT) in to the top-five by market cap. Against this backdrop, it’s easy to forget that cryptocurrencies like bitcoin have become so resilient […]

The post Bitcoin Life Expectancy: Lindy Effect Suggests BTC Is More Difficult to Kill Than Ever Before appeared first on Hacked: Hacking Finance.

Crypto Markets Turn Red Following Sunday Bounce; Bitmain Closes Israeli Operation

Cryptocurrency prices were back on the defensive Monday, with bitcoin and the major altcoins falling between 3% and 7% through the midday session. The latest bout of turbulence followed a modest relief rally on Sunday that once again proved to be short lived. Market Update The combined value of all coins in circulation reached a […]

The post Crypto Markets Turn Red Following Sunday Bounce; Bitmain Closes Israeli Operation appeared first on Hacked: Hacking Finance.

Bitcoin Price Volatility Returns to Q1 Heights; Downturn Sends Traders to TA?

The price volatility of Bitcoin (BTC) hit a new nine-month high on Sunday, returning to the kind of flux not seen since early March of 2018. This comes barely a month after Bitcoin volatility struck a two-year low on November 11th, when the level of flux in BTC’s market value fell as low as the […]

The post Bitcoin Price Volatility Returns to Q1 Heights; Downturn Sends Traders to TA? appeared first on Hacked: Hacking Finance.

Bitcoin’s Dead Cat Bounce Proves Limited as Price Struggles to Hold $3,400

Bitcoin’s overnight recovery proved limited on Saturday, as the leading digital currency struggled to maintain $3,400 in the wake of yet another 15-month low. BTC/USD Update At the time of writing, the major exchanges were quoting bitcoin’s price between $3,365-$3,385. The cryptocurrency fell within that range on Coinbase, Bitstamp, Bitrex and Gemini, among others. However, […]

The post Bitcoin’s Dead Cat Bounce Proves Limited as Price Struggles to Hold $3,400 appeared first on Hacked: Hacking Finance.

U.S. Stocks Round Out Miserable Week in the Red as Trade Fears Linger; Crypto Crash Intensifies

U.S. stocks extended their losing skid to three days on Friday, as the S&P 500 and Dow turned negative for the year amid trade-related tensions and concerns over global growth. Cryptocurrencies also booked heavy losses, with the total market losing half its value in less than a month. Crippling Losses All of Wall Street’s major […]

The post U.S. Stocks Round Out Miserable Week in the Red as Trade Fears Linger; Crypto Crash Intensifies appeared first on Hacked: Hacking Finance.

Week in Review: Carnage Engulfs Cryptocurrencies and Stocks; Bitcoin Mining Difficulty Plunges 24%

From a risk-on perspective, the global financial markets took a beating this week. Digital assets like bitcoin, EOS and bitcoin cash plunged anew while equity prices slid back into the abyss following a strong end to November. Seasonal influences that normally accompany the holiday season have thus far eluded the market, leaving investors with a […]

The post Week in Review: Carnage Engulfs Cryptocurrencies and Stocks; Bitcoin Mining Difficulty Plunges 24% appeared first on Hacked: Hacking Finance.

Cryptocurrency Market Comes Within $4 Billion of New Yearly Low

Cryptocurrency prices extended their slide on Thursday, as the total market cap came within striking distance of new yearly lows, signaling the continuation of the bottoming process. Market Update The total value of cryptocurrencies reached a low of $119.2 billion on Thursday, falling within a comparable range of last month’s swing low. The crypto market […]

The post Cryptocurrency Market Comes Within $4 Billion of New Yearly Low appeared first on Hacked: Hacking Finance.

Wall Street’s Misery Spreads to Global Stocks; U.S. Futures Recover Slightly in National Day of Mourning

A dramatic selloff of U.S. stocks on Tuesday has quickly spread to Asian and European markets, with global benchmarks reporting steep selloffs amid a self-imposed deadline by the United States and China to resolve their bitter trade dispute. The Nasdaq and New York Stock Exchange were closed on Wednesday as the nation mourned the death […]

The post Wall Street’s Misery Spreads to Global Stocks; U.S. Futures Recover Slightly in National Day of Mourning appeared first on Hacked: Hacking Finance.

U.S. Stocks Plunge Anew as Trade Fears Resurface; Dow Drops 800 Points

U.S. stocks fell hard on Tuesday, as investors began to doubt efforts by the United States and China to resolve their bitter trade dispute. Cryptocurrencies stabilized following back-to-back losses, with bitcoin clawing back toward the psychologically significant $4,000 mark. Wall Street’s Volatile Cycle Continues All three major U.S. benchmarks were hammered, as the volatile cycle […]

The post U.S. Stocks Plunge Anew as Trade Fears Resurface; Dow Drops 800 Points appeared first on Hacked: Hacking Finance.

U.S. Stocks Bounce Back on Trade Optimism; Crypto Meltdown Resumes

Stocks rose sharply on Monday, buoyed by optimism that the U.S. and China were making progress toward a new free trade agreement. Cryptocurrencies headed in the opposite direction, undoing much of last week’s rally as bitcoin fell below $3,900 once again. Benchmarks Rise All of Wall Street’s major indexes opened firmly higher, with the Dow […]

The post U.S. Stocks Bounce Back on Trade Optimism; Crypto Meltdown Resumes appeared first on Hacked: Hacking Finance.

Crypto Downtrend Intensifies as Market Sheds $16 Billion from Last Week’s High

Cryptocurrency prices extended their slide mid-morning, as bitcoin plunged below $3,900 and the major altcoins fell between 4-10%. At the time of writing, the crypto market cap was $11 shy of a new yearly low, a sign that the bears were still very much in control. Crypto Markets Slump The crypto-market downtrend has accelerated in […]

The post Crypto Downtrend Intensifies as Market Sheds $16 Billion from Last Week’s High appeared first on Hacked: Hacking Finance.

Insights Into Bitcoin Futures Contracts: Part 2

This article is the second piece dedicated to explaining bitcoin futures and how they impact the underlying price of BTC. Periods of Validity Bitcoin futures are instruments with a limited maturity date. Each contract has its own maturity date (the date of completion of the transaction), after which the contract is considered invalid. According to […]

The post Insights Into Bitcoin Futures Contracts: Part 2 appeared first on Hacked: Hacking Finance.

Bitcoin Dips Below $4,200 as Crypto Markets Run Into Familiar Resistance

Bitcoin and the broader cryptocurrency market ran into familiar resistance on Sunday, as the bulls failed to inspire new highs during the much lighter weekend trading cycle. Cryptoassets are coming off one of their worst months in history, opening the door to bargain hunters and long-term supports to boost their holdings. Market Update The cryptocurrency […]

The post Bitcoin Dips Below $4,200 as Crypto Markets Run Into Familiar Resistance appeared first on Hacked: Hacking Finance.

U.S. Stocks Rise into G20 Weekend; Crypto Rally Falls Short

U.S. stocks traded in positive territory on Friday, as the high-profile G20 summit got underway in Buenos Aires, Argentina. Cryptocurrencies lost momentum following back-to-back gains, as bitcoin and the major altcoins ran into technical resistance. Benchmarks Rise All of Wall Street’s major indexes saw positive results in the final session of the week. The large-cap […]

The post U.S. Stocks Rise into G20 Weekend; Crypto Rally Falls Short appeared first on Hacked: Hacking Finance.

Week in Review: Have We Reached Crypto Bottom?

The search for an elusive ‘crypto bottom’ may have finally come to an end this week. Between Sunday and Thursday, the combined market cap of all cryptocurrencies witnessed a peak-to-trough swing of $27 billion in favor of the bulls, with bitcoin and the major altcoins engineering double-digit rallies. The recovery engine lost steam on Friday, […]

The post Week in Review: Have We Reached Crypto Bottom? appeared first on Hacked: Hacking Finance.

U.S. Stocks Slide, Trump Cancels Putin Meeting and “Bitcoin” Searches Soar

U.S. stocks overcame a volatile start to finish only slightly lower on Thursday, as markets turned their attention to the upcoming G20 summit in Buenos Aires, Argentina. In cryptocurrency news, Google searches for the term “bitcoin” rose this week to the highest level in eight months, signaling renewed interest in digital assets among casual observers. […]

The post U.S. Stocks Slide, Trump Cancels Putin Meeting and “Bitcoin” Searches Soar appeared first on Hacked: Hacking Finance.

Dow Surges 600 Points on Fed Speak; Cryptocurrency Market Recovers $27 Billion

U.S. stocks surged on Wednesday, with the Dow adding more than 600 points after Federal Reserve Chairman Jerome Powell hinted at more gradual adjustments to monetary policy in the future. Cryptocurrency prices notched big gains, signaling to investors that the worst of the price collapse had ended. Stocks Make a Comeback All of Wall Street’s […]

The post Dow Surges 600 Points on Fed Speak; Cryptocurrency Market Recovers $27 Billion appeared first on Hacked: Hacking Finance.

Goldman Sachs Executive: Cryptocurrency Selloff “Healthy” for the Ecosystem, Custody is the Key to Future Growth

Goldman Sachs Group Inc. has yet to venture into cryptocurrencies, but believes the future of the digital asset class is brighter now that rampant speculation has been weeded out of the market. Justin Schmidt, who heads the bank’s digital asset unit, says the market is healthier today as the focus shifts to institutional-grade service offerings. […]

The post Goldman Sachs Executive: Cryptocurrency Selloff “Healthy” for the Ecosystem, Custody is the Key to Future Growth appeared first on Hacked: Hacking Finance.

Market Rebound Hits Altcoins First; Bitcoin Gets Mixed Messages From SEC

The global crypto market underwent a 6% upswing leading into Tuesday evening, with the majority of the value finding its way to the altcoin market. This looks like just another fluctuation, with the new global high of $126 billion still lower than yesterday’s peak of $131 billion. Meanwhile, U.S Securities and Exchange Commision Chairman, Jim […]

The post Market Rebound Hits Altcoins First; Bitcoin Gets Mixed Messages From SEC appeared first on Hacked: Hacking Finance.

U.S. Stocks Edge Higher Despite Trump Tariff Warning; Crypto Top-Ten Experiences Shake Up

U.S. stocks pulled ahead on Tuesday, as investors shrugged off calls by President Trump for additional tariffs on Chinese goods. Cryptocurrencies faltered after a solid start to the week as bitcoin SV made its debut. Stocks Finish Higher Equities pulled ahead in the final hour of trading, with the S&P 500 Index registering gains of […]

The post U.S. Stocks Edge Higher Despite Trump Tariff Warning; Crypto Top-Ten Experiences Shake Up appeared first on Hacked: Hacking Finance.

After Much Speculation, Nasdaq Set to Launch Bitcoin Futures Market

Nasdaq Inc., the world’s second-largest stock exchange, is planning to launch its very own bitcoin futures product no later than Q1 2019. The announcement serves as a subtle reminder to investors that, despite the recent price collapse, institutional appetite in cryptocurrency is only growing. Nasdaq Joins the Futures Race According to Bloomberg, Nasdaq is currently […]

The post After Much Speculation, Nasdaq Set to Launch Bitcoin Futures Market appeared first on Hacked: Hacking Finance.

Crypto Market Bounces 15%; Litecoin Leads Pack With 18% Price Rebound

The cryptocurrency market recovered 15% leading into Sunday night, rising to $132 billion overall after a brief dip down to $114 billion. Bitcoin dropped to the $3,500 range amid the carnage, while Ethereum dropped to $100 – an eighteen month low for the former king of the alts. The recovery bounce carried those coins to […]

The post Crypto Market Bounces 15%; Litecoin Leads Pack With 18% Price Rebound appeared first on Hacked: Hacking Finance.

As Bitcoin Selloff Intensifies, Overstock CEO Doubles Down on Blockchain

Bitcoin’s month of pain intensified on Sunday, as prices briefly fell below $3,500 for the first time since September 2017. The panic sale hit the market at a time when Lightning Network is registering record capacity and institutional investors are lining up to trade physically-backed bitcoin futures at the beginning of next year. Amid the apparent […]

The post As Bitcoin Selloff Intensifies, Overstock CEO Doubles Down on Blockchain appeared first on Hacked: Hacking Finance.

Crypto Selloff Deepens as Bitcoin Cash Hard Fork Proves More Costly Than Ever Predicted

Cryptocurrencies plunged anew on Saturday, as the majors struggled to establish a firm price floor following consecutive price declines over the past two weeks. Despite a whopping 41% drop over that stretch, a lack of adoption means prices are still searching for a bottom. As it turns out, the bitcoin cash hard fork instigated on […]

The post Crypto Selloff Deepens as Bitcoin Cash Hard Fork Proves More Costly Than Ever Predicted appeared first on Hacked: Hacking Finance.

Week in Review: Crypto Carnage Intensifies; Bitcoin Cash ABC Retains BCH Ticker Symbol

Cryptocurrency prices sold off anew this week, as bitcoin and the altcoin universe crashed to lows not seen since September 2017. The hash war over bitcoin cash continued despite an early lopsided victory for the ABC chain, which retained the BCH ticker symbol on major exchanges. Calvin Ayre, one of the biggest proponents of the […]

The post Week in Review: Crypto Carnage Intensifies; Bitcoin Cash ABC Retains BCH Ticker Symbol appeared first on Hacked: Hacking Finance.

U.S. Stock Futures Follow European Markets Lower on Thanksgiving; Crypto Rally Falls Short

U.S. stock futures declined on Thursday in concert with their European counterparts, as jittery investors steered clear of riskier assets ahead of high-profile trade talks next week between President Trump and Chinese counterpart Xi Jinping. Cryptocurrencies rallied overnight before losing their grip on gains as bitcoin cash continued to invoke fear, uncertainty and doubt. Stocks […]

The post U.S. Stock Futures Follow European Markets Lower on Thanksgiving; Crypto Rally Falls Short appeared first on Hacked: Hacking Finance.

U.S. Stocks Rebound as Tech, Energy Stem Losses; Cryptocurrencies Search for Lifeline

U.S. stocks rose on Wednesday, clawing back from a devastating two-day collapse that pushed the major indexes in to negative territory for the year. Cryptocurrencies traded mostly lower over the 24-hour cycle as bitcoin cash and Stellar saw their market caps converge. Stocks Recover Two of three major indexes reported gains Wednesday, with the large-cap […]

The post U.S. Stocks Rebound as Tech, Energy Stem Losses; Cryptocurrencies Search for Lifeline appeared first on Hacked: Hacking Finance.

Stocks, Cryptos Resume Plunge; ICE Postpones Bakkt Launch Until January 2019

U.S. stocks resumed their selloff on Tuesday, as the tech blowout extended to other segments of the market, pushing the major indexes into negative territory for the year. Cryptocurrencies crashed to fresh 13-month lows, as bitcoin’s elusive search for a bottom continued. 2018 Gains Reversed All of Wall Street’s major indexes closed in negative territory, […]

The post Stocks, Cryptos Resume Plunge; ICE Postpones Bakkt Launch Until January 2019 appeared first on Hacked: Hacking Finance.

The $700 Billion Question

As losses in the crypto universe continue to mount, U.S. regulators are once again asking whether last year’s bull market was artificially inflated. According to Bloomberg, the federal probe is intensifying now that bitcoin’s price floor has been severely breached. Tangled Web As Hacked previously reported, federal prosecutors have uncovered a suspicious relationship between Bitfinex, […]

The post The $700 Billion Question appeared first on Hacked: Hacking Finance.

Crypto Market Cap Plummets $42 Billion Over Six Days as Bitcoin Targets $5,000

A staggering selloff in the cryptocurrency market over the past six days has investors searching for an elusive bottom on major assets like bitcoin, bitcoin cash and Ethereum. However, the breakdown of key technical levels, combined with the complete disregard for fundamentals, suggest the bottoming process has not yet concluded. Crypto Selloff Deepens The combined […]

The post Crypto Market Cap Plummets $42 Billion Over Six Days as Bitcoin Targets $5,000 appeared first on Hacked: Hacking Finance.

XRP Cap Pushes 12% Ahead of Ethereum; Is a Bitcoin Flippening Next?

XRP (XRP) continued to push ahead of Ethereum over the course of the weekend, and has extended its market cap to $20.4 billion – 12% higher than Ethereum. Since the trough of the recent dip on Thursday, November 15th, the XRP price has undergone 19.8% gains. Ethereum has been well and truly ‘flipped’ for the […]

The post XRP Cap Pushes 12% Ahead of Ethereum; Is a Bitcoin Flippening Next? appeared first on Hacked: Hacking Finance.

Bitcoin Sees Biggest Volatility Spike of the Year; Should Long-Term Holders Be Worried?

Bitcoin’s precipitous drop over the past 48 hours has rendered the virtual currency highly susceptible to new bear-market lows. According to one indicator, the sudden and dramatic downshift disrupted a period of calm not seen  disrupted a period of calm not seen in over two years. Bitcoin Volatility Surges In the span of just 24 […]

The post Bitcoin Sees Biggest Volatility Spike of the Year; Should Long-Term Holders Be Worried? appeared first on Hacked: Hacking Finance.