Bitcoin Price Eyes Comeback as 250 Million New Tethers Enter Circulation

Cryptocurrency startup Tether issued $250 million in new tokens on Monday, sparking speculation that a bitcoin price rally could be inbound. Blockchain data indicates that Tether, the creator of cryptocurrency “stablecoin” USDT (colloquially called tether), issued 250 million new tokens this morning, June 25. USDT, which is pegged to USD at a 1-to-1 ratio, serves …

Bithumb Hack Prevents Corrective Cryptocurrency Rally, Market Drops

South Korea’s biggest cryptocurrency exchange Bithumb experienced a hacking attack that led to a $30 million loss on June 20, leading the cryptocurrency market to drop by $6 billion within hours. Major cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Bitcoin Cash, which successfully picked up some momentum throughout June 17 to 19, ended their corrective …

Wall Street’s ‘Crypto King’ Says Regulatory Clarity Is Bullish for Bitcoin

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Bart Smith, who was crowned “Wall Street’s Crypto King” by CNBC, is optimistic that institutional investors will start pouring money into the cryptocurrency market once more regulatory clarity is provided. Smith heads the digital asset group at Pennsylvania-based investment firm Susquehanna International Group, which first …

Rebound to $7,800 Could Confirm Short-Term Rally For Bitcoin

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. The bitcoin price has increased from $7,300 to $7,600 over the past 24 hours, sparking optimism regarding the short-term growth of bitcoin. A break to $7,800 could confirm a short-term rally for bitcoin while a drop below the $7,500 mark could lead …

No Evidence Whales are Manipulating Bitcoin Price: Prominent Trader

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Peter Brandt, a prominent trader and respected technical analyst, believes there is no solid evidence to back up claims that whales and large-scale investors have been manipulating the bitcoin price or the wider cryptocurrency market. Not Futures Market Earlier this week, after …

Bitcoin, Ethereum Prices Drop 3% in Sluggish Crypto Market: Factors and Trends

Join our community of 10 000 traders on Hacked.com for just $39 per month. Over the past 24 hours, the valuation of the cryptocurrency market has dropped from $390 to $373 billion, by more than $17 billion. The bitcoin price dipped below $8,300 and the value of Ether, the native cryptocurrency of the Ethereum network, …

Fundstrat’s Bitcoin Price Rally Prediction Fell Flat: Tom Lee Explains Why

Join our community of 10 000 traders on Hacked.com for just $39 per month. Fundstrat Global Advisers is a finance market strategy firm well-known for making bullish predictions on cryptocurrency prices. Co-founder Thomas Lee posted the group’s predictions that the bitcoin price would reach up to $64,000 by the end of 2019, citing the future …