Category: Bitcoin

Bitcoin Cash eyes USD 1000

Bitcoin cash price surged USD 1091 in the past 24 hours and was trading at $850 at the time of this post. The market cap of Bitcoin Cash briefly crossed $18 Billion. The price has been up more than 70% from its price of $543 just 24 hours ago. Most of the volumes are being driven from the Korean market and the overall volumes are up by almost 300 percent. The crypto has been on the run since 3 days now and was trading at $ 300 just a week ago. Bitcoin cash has been establishing a stable base and...

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Bitcoin Cash price Explodes.. Up 88 percent

Bitcoin cash prices surged above $550 today to become the 3rd largest crypto currency by market cap after Bitcoin and Ethereum, pulling Ripple down to 4th spot. Everyone who had got a Bitcoin Cash token (or in simple words everyone who held a Bitcoin) at the time of hard fork on 1 August 2017, stands to gain from the development. Bitcoin Cash was trading at $300 till yesterday and is currently trading at a whooping 88 percent gain at around $ 565. At present, the bitcoin cash market cap is $9.3 billion. Have a look at the chart (From...

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Goldman Sachs’ prediction on Bitcoin Price

Goldman Sachs’ chart analyst, Sheba Jafari, published a report on Bitcoin on Sunday. The report stated that Bitcoin could reach $4,827 (INR 3,10,000 aprox) , i.e. about $500 more than the record high of $4,300. (Read our report on this). Bitcoin price has been on the run since a week which has been triggered by various factors. Our detailed report on the factors contributing to the rally is available here. As per the report, once Bitcoin hits that level, Jafari estimates it could drop as far as $2,221. That will be a correction of around 60% from the high price....

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Bitcoin Rally Continues – 5 Reasons

Bitcoin rally seems to be never ending. It has crossed USD 4200 on most global exchanges and is trading at INR 300,000 in India. This is an all time high. But what is driving the rally? Though we have covered most parts of this in our last few posts, I thought it will be good to lost the reasons at one place. So here are the top 5 reasons – 1. Wall Street is interested in Bitcoin Stock markets have been correcting globally and several stock experts have been advocating investment into Bitcoins on news channels since a month...

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Bitcoin surges past $4,000, on all time high

Bitcoin surges to an all time high. It traded for $4,000 in the last few hours, and is currently trading for INR 275,000 on Indian exchanges. The total gains this year have been mammoth for investors and Bitcoin is now trading at 3 times the price at which it was trading in January 2017. Bitcoin has been at the center of Media attention in the past few months which has contributed significantly to the increase in popularity of the crytocoin. Several new players have entered the markets and the investor base has widened significantly. In addition, the number of...

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