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Bull Runs, Mining, and Tor Attacks: Bad Crypto News of the Week

Source Node: https://cointelegraph.com/news/bull-runs-mining-and-tor-attacks-bad-crypto-news-of-the-week
Time Stamp: August 15, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Last week, the Bitcoin news was all about lift-off. This week, it’s all about the leveling off. Bitcoin ends the week around $11,400, a fall of about 2.7 percent over the last seven days. That drop included a correction of $700 in one day so the question now is whether the bullish moment has gone or will Bitcoin push on to $15,000? Its first mission will be to break the resistance at $12,000. Bitcoin failed to do that twice in ten days but consolidated after each failure, which some experts believe

Analyst Who Predicted Bitcoin’s 2018 Bottom Expects a Move to $14k

Source Node: https://bitcoinist.com/analyst-predicted-bitcoins-2018-bottom-expects-move-14k/?utm_source=rss&utm_medium=rss&utm_campaign=analyst-predicted-bitcoins-2018-bottom-expects-move-14k
Time Stamp: August 14, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin is stagnating in the high-$11,000s once again despite Ethereum breaking higher. BTC trades at $11,800 as of this article’s writing, meaning the asset remains below the critical $12,000 level. An analyst thinks Bitcoin is poised to move to $14,000 in the near future. The analyst in question is one that has been historically accurate with his price calls. He famously predicted BTC would bottom 2018’s bear trend at $3,200 months before it did. Others think that BTC is primed to move to $14,000, citing technical and fundamental reasonings. Bitcoin

Celebrating The History And Spirit Of Bitcoin Independence Day

Source Node: https://bitcoinmagazine.com/articles/celebrating-the-history-and-spirit-of-bitcoin-independence-day?utm_source=rss&utm_medium=rss&utm_campaign=celebrating-the-history-and-spirit-of-bitcoin-independence-day
Time Stamp: August 6, 2020 11:27 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

This article originally appeared in our Weekly Bits newsletter. If you want our news and analysis before anyone else, make sure you subscribe now! In my view, Bitcoin Independence Day is a holiday that says a lot about the BTC community. Its origins are highly technical and difficult to understand, the “independence” it celebrates refers to the developer community overcoming interests from industrialized miners and, ultimately, it’s a chance for Bitcoiners to reflect on the young history of the technology and engage in debate. To celebrate, Bitcoin Magazine hosted a day