Bitcoin Price News

Bitcoin price establishing is an interesting phenomenon and widely differs from the way the price of ordinary money is set. First of all, despite popular belief, Bitcoin does have a cost price. It is set as a combination of expenses on electricity, transaction fees and the installation/purchase of software. However, the price of Bitcoin is not determined by its cost price and is mostly estimated by consumer demand. It causes huge fluctuations in the price of Bitcoin, as Bitcoin has no backing, and traders are largely dependent on the news of Bitcoin’s price, multiplying volatility of the asset. As Bitcoin’s market cap is nearly $159 billion, the price of Bitcoin became an important economical factor, gathering attention from financial institutions of various kinds and stimulated the research of behavioral factors that influence the price of Bitcoin and working on ways of predicting its changes.

Market Update
Volatility which began with a rejection of $10,500 late last week continues, with Bitcoin falling below $9,500 for the first time since Feb. 5.
Bitcoin Price Dips Below $9.5K as Whale Deposits 600 BTC to BitMEX
William Suberg
Markets News
For the first time since 2012, Keiser says he is officially more bullish on Bitcoin and that his previous $100,000 prediction is now not optimistic enough.
Bitcoin Will Surge to $400K — Max Keiser Quadruples BTC Price Forecast
William Suberg
Market Analysis
New data shows a strong correlation between Bitcoin’s price action and that of the top 30 altcoins when they are in a bullish phase.
Does Correlation Between Bitcoin Price and Altcoins Mean Buy the Dips?
Tiago Vidal
Market Analysis
Bitcoin price has crossed the $10K mark seven times this year, which begs the question: is BTC finally ready to flip this key psychological level to support?
Will Bitcoin Price Finally Conquer $10K? Here Are 3 Things to Consider
Keith Wareing
Market Update
Bitcoin price tumbles further only to bounce off a key support area around $9,600 as most altcoins such as ETH and XRP see even bigger losses.
Bitcoin Price Falls to $9.6K Amid Bloody Sunday for XRP, ETH, Altcoins
Allen Scott
Markets News
Bitcoin price suddenly dived below $10K on Saturday leading many to speculate that a well-known Bitfinex whale trader could be the reason for the pullback.
Bitcoin Price Drop Nets Bitfinex 'Whale' $10 Million in 5 Minutes
Horus Hughes
Market Update
Bitcoin has decisively dropped below its landmark $10,000 big-even level after several days of high greed levels.
Uptrend Broken? Bitcoin Tumbles Below $10K as Greed Hits 6-Month High
Benjamin Pirus
Market Analysis
The price of Bitcoin has been showing bullish momentum with the CME BTC futures gap from last year at $11.6K now becoming a target for the bulls.
Bitcoin Price Stabilizing Above $10K With $11.6K Futures Gap in Sight
Michaël van de Poppe

Follow us on Facebook