Mastodon

Bitcoin Miners Are Shifting Outside China Amid State Clampdown – Bloomberg


Bloomberg

Bitcoin Miners Are Shifting Outside China Amid State Clampdown
Bloomberg
While the moves are unlikely to have a noticeable effect on bitcoin transaction speeds, they could reshape the cryptocurrency mining industry. Miners have until recently flocked to China because of the country’s inexpensive electricity, local
This could be the beginning of the end of China’s dominance in bitcoin miningQuartz

all 18 news articles »


Bloomberg

Bitcoin Miners Are Shifting Outside China Amid State Clampdown
Bloomberg
While the moves are unlikely to have a noticeable effect on bitcoin transaction speeds, they could reshape the cryptocurrency mining industry. Miners have until recently flocked to China because of the country's inexpensive electricity, local ...
This could be the beginning of the end of China's dominance in bitcoin miningQuartz

all 18 news articles »

Bitcoin Banned By Bank Of America – Why It Will Rise Despite Naysayers – Seeking Alpha


Seeking Alpha

Bitcoin Banned By Bank Of America – Why It Will Rise Despite Naysayers
Seeking Alpha
In this two-article series, we’ll delve into the roller coaster ride for Bitcoin and cryptocurrencies. Each week conflicting reports surface from around the globe stating either that Bitcoin will be the future democratization of the markets or whether
SEC warns bitcoin investors that regulators may not help them recoup losses from criminalsCNBC

all 14 news articles »


Seeking Alpha

Bitcoin Banned By Bank Of America - Why It Will Rise Despite Naysayers
Seeking Alpha
In this two-article series, we'll delve into the roller coaster ride for Bitcoin and cryptocurrencies. Each week conflicting reports surface from around the globe stating either that Bitcoin will be the future democratization of the markets or whether ...
SEC warns bitcoin investors that regulators may not help them recoup losses from criminalsCNBC

all 14 news articles »

This could be the beginning of the end of China’s dominance in bitcoin mining – Quartz


Quartz

This could be the beginning of the end of China’s dominance in bitcoin mining
Quartz
Having shut down the exchanges where cryptocurrencies like bitcoin are traded, the Chinese government is now going after the facilities where such currencies are “mined.” To do so, it’s hitting such operations where it hurts: electricity supply. Fresh
Bitcoin’s cheap energy feast won’t last much longer – GadflyFin24
Bitcoin Miners Are Shifting Outside China Amid State ClampdownBloomberg

all 9 news articles »


Quartz

This could be the beginning of the end of China's dominance in bitcoin mining
Quartz
Having shut down the exchanges where cryptocurrencies like bitcoin are traded, the Chinese government is now going after the facilities where such currencies are “mined.” To do so, it's hitting such operations where it hurts: electricity supply. Fresh ...
Bitcoin's cheap energy feast won't last much longer - GadflyFin24
Bitcoin Miners Are Shifting Outside China Amid State ClampdownBloomberg

all 9 news articles »

Bitcoin Gold Price Technical Analysis – BTG/USD Under Pressure

Key Points Bitcoin gold price struggled to move above the $250-260 resistance and is moving lower against the US Dollar. There is a major bearish trend line forming with resistance at $250 on the hourly chart of BTG/USD (data feed from Bitfinex). There is a decent support forming on the downside around the $220-225 levels. … Continue reading Bitcoin Gold Price Technical Analysis – BTG/USD Under Pressure

The post Bitcoin Gold Price Technical Analysis – BTG/USD Under Pressure appeared first on NewsBTC.

Key Points

  • Bitcoin gold price struggled to move above the $250-260 resistance and is moving lower against the US Dollar.
  • There is a major bearish trend line forming with resistance at $250 on the hourly chart of BTG/USD (data feed from Bitfinex).
  • There is a decent support forming on the downside around the $220-225 levels.

Bitcoin gold price is moving lower toward $220 against the US Dollar. BTG/USD struggled to move above $250 and is currently under pressure.

Bitcoin Gold Price Resistance

There was yet another test of the $260 resistance in bitcoin gold price against the US Dollar. The price once again was not to move above the $250 and $260 resistance levels. A new downside wave was initiated and the price moved below the $240 support. There was also a close below the $235 level and the 100 hourly simple moving average. It seems like the price is under pressure and may continue to struggle to move higher above $250.

On the downside, there is a decent support forming around the $220-225 levels. There were a couple of rejections from $220 and the price may once again find bids near $220. Should there be a break below $220, the price could decline further towards $200. On the upside, an initial resistance is around the 23.6% Fib retracement level of the last decline from the $261 high to $224 low. There is also a major bearish trend line forming with resistance at $250 on the hourly chart of BTG/USD.

Bitcoin Gold Price Technical Analysis BTG USD

An intermediate resistance is around $243 and the 100 hourly simple moving average. Moreover, the 50% Fib retracement level of the last decline from the $261 high to $224 low is at $244. Therefore, it seems like $245 is also an important resistance before $250.

Looking at the technical indicators:

Hourly MACD – The MACD for BTG/USD is currently in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTG/USD is near 40 and is heading south.

Major Support Level – $225

Major Resistance Level – $245

 

Charts courtesy – Trading View, Bitfinex

The post Bitcoin Gold Price Technical Analysis – BTG/USD Under Pressure appeared first on NewsBTC.

Mark Zuckerberg says bitcoin could come to Facebook in the future – The Independent

The IndependentMark Zuckerberg says bitcoin could come to Facebook in the futureThe IndependentThe technology powering bitcoin could help improve Facebook in the future, Mark Zuckerberg has said. As part of a commitment to help fix the site over 2018, …


The Independent

Mark Zuckerberg says bitcoin could come to Facebook in the future
The Independent
The technology powering bitcoin could help improve Facebook in the future, Mark Zuckerberg has said. As part of a commitment to help fix the site over 2018, its founder said that he would look into the use of new technology to stop it being quite so ...
Bitcoin price LIVE: Cryptocurrency flat as Mark Zuckerberg says Bitcoin can fix FacebookExpress.co.uk

all 99 news articles »