Bitcoin Slumps as SEC Delays SolidX ETF Decision

The selloff in Bitcoin has intensified on Wednesday morning after Tuesday’s SEC announcement of plans to delay a decision on the SolidX Bitcoin ETF. The proposed SolidX Bitcoin ETF would hold bitcoin and seek to track the cryptocurrency’s price. With the delay, the SEC now has until the end of September to make a decision. On … Read more

Bitcoin Hovers at Recent Lows Amid Tax Related Selling

Bitcoin prices fell below $7,000 on Monday ahead of the looming April 17th U.S. tax-filing deadline. Analysts speculate that U.S. households likely owe billions of dollars in capital gains taxes for their cryptocurrency holdings and that investors are selling in order to meet their tax liabilities. Bitcoin prices have fallen more than 27% over the … Read more

Bitcoin Battered Below 7K, Cut in Half for 2018

Bitcoin, the world’s largest cryptocurrency by market capitalization, fell to fresh lows below $7,000 in early trading on Friday, reaching its lowest levels since early February. Bitcoin has now lost approximately 50% of its value in 2018. The move comes after the price of Bitcoin rallied 1,400% in 2017. Regulatory uncertainty has pressured cryptocurrencies in 2018. … Read more

Bitcoin Falls Below 200 SMA to 5 Week Low

Bitcoin Daily Chart Bitcoin hasn’t had a day in which price closed higher since March 5th. On Thursday price is trading below the ‘line in the sand’ 200 period simple moving average on the daily chart, adding to the bearish technical scenario for the cryptocurrency. Bitcoin is now trading at the lowest level in over … Read more

Bitcoin Falls Below $10,000 on SEC Statement

BTCUSD Daily Chart Bitcoin fell sharply on Wednesday after the Securities and Exchange Commission (SEC ) stated that online platforms trading digital assets that are considered securities need to register with the agency. The news pushed Bitcoin below the key psychological $10,000 level, marking a 50% drop from its all time high. Bitcoin is the … Read more