A recent transaction backlog observed in Ethereum's network sparked quite a bit of controversy among its community members and cryptocurrency users all around. The currency's developers have long talked about their vision to improve the currency's scaling. Yet, recent events showcased network congestion, transaction backlogs, and the current state of Ethereum's difficulty with spikes in…
A majority of miners have started showing their preference for SegWit2x, a version of Segregated Witness that's deviating from what Core developers envision to be the solution to bitcoin's scaling issue. But what is it and what's leading bitcoin to it? Recent events have led to increased demand for a solution to bitcoin's scaling issue. With…
Somewhat of a paradox with bitcoin's use cases is that as demand grows, certain aspects of it perform worse and worse; something that can happen even when the price rising. An apparent price rally lead bitcoin prices above previous all time highs, for it to keep trading above $2000 levels. Many vital parts of the…
Things are looking a bit rough within bitcoin’s community once again. Current events might not exactly be as divisive as when opposition to Core development was peaking through 2016, but this time big miners are speaking out.
The problem
The community has been in need of a solution for quite some time now. The increase in…
Bitcoin prices are undergoing a rapid change in the market’s sentiment with traders contributing to a dip that pushed bitcoin prices below $2700 levels. This development comes only hours after BTC/USD rates were close to $3000 levels, although amid lower trading volumes. The bearish breakout happens through record breaking trading volumes and selling pressure.
Major Signals…
Bitcoin markets are continuing to showcase that he market sentiment remains somewhat stable in spite of certain tendencies that push the price up and down through trading sessions. Traders are continuing to show some support as breaches have so far been responded with swift recoveries managing to keep prices above $2800 in the longer run.
Major…
Bitcoin markets were hit by a bearish overturn not long after prices peaked above $2800 price levels. The recent bearish wave has pushed bitcoin prices down to $2600 levels is hitting markets under a market sentiment that wasn’t signaling with bearish signals after the peak above $2800 was reached. The extent of the price fall…
Bitcoin markets had several breaches of support through the last trading session, with traders proving unable to hold prices above $2500 in several occasions. In hindsight though, a recent price spike pushed prices above $2500, something that the market appeared ready to welcome with ease. In so far, resistance and selling pressure appear to have…
Bitcoin markets entered another price rise trend through the last trading session, with traders pushing for higher prices through the course of the day. The recent overturn appears to be a result of a more or less collectively acceptable notion that the market’s sentiment is improving as back to back buy orders pushed the price…
Bitcoin markets are continuing to be into a volatility spiral that’s causing prices to swing at both directions rapidly. This is something especially observed within the preceding trading session, after a downward spike causing a price drop down to $2330 levels was followed by a recovery, markets highlighted the potential volatility is showcasing within the…