Tag: Bitcoin Trading
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BTC to excel market again in 2019
Within minutes, on January 6, the Bitcoin price spiked from $3,830 to $4,030 by around five percent. Bitcoin’s (BTC) bears would be put on the back foot if prices climb past key resistance lined up at $4,140.The leading cryptocurrency jumped to a two-week high of $4,090 earlier today, as expected, ending a weeklong period of low volume consolidation near $3,800.…
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Hong Kong Bitcoin Exchange OKEx to Open SegWit2x Futures Market
Bitcoin exchange OKEx has announced it will join Bitfinex in opening a futures market to enable traders to speculate on the outcome of the SegWit2x hard fork scheduled for November. Notably, the exchange states that it will list the original chain as BTC, regardless of the fork’s outcome. The Hong Kong-based exchange made the announcement…
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What’s Really Behind China’s Crypto Ban?
China’s cryptocurrency ban could be a temporary move to appease international agencies and certain communist party members ahead of the upcoming Communist Party convention, according to Panos Mourdoukoutas, an economics author and professor at LIU Post in New York, writing in Forbes. Mourdoukoutas observed that China’s government and major banks are threatened by bitcoin’s existence. The banking…