BitcoinAverage Blog

bitcoin price news and analysis

Chart 1

Following a May 10th sell off to $445, Bitcoin retraced up this week, pushing up to $460 from a double bottom low at $445. In the past 30 days, price action has been limited to an upper $471 and $434 lower bound. So far, price has been on an uptrend making higher and higher lows within this range, and looks likely to retest $470; a level that has failed 4 times in the past since November 4, 2015. As of writing this, bitcoin is trading at $455.

Continue reading...

Image 1

Yes, would you use Bitcoin if you knew you would go to prison for a while, as well pay a hefty fine, if you were caught? And this is not about using the cryptocurrency to do illegal stuff like buying recreational drugs or paying a hitman.

The criminal here means simply coming into contact with B...

Continue reading...

Image 1

Who wants to invest in a group of people who have two or three conspiracy theories every week complete with ‘leaked documents’ and theories about how all these outside forces are trying to topple the mighty Bitcoin.”

Continue reading...

Image 1

Airbnb has acquired ChangeCoin. This is one of the biggest Bitcoin news this week. The settlement amount involved in the acquisition has not yet been disclosed.

But what makes it even more interesting are the reports that what informed Airbnb action was not really the business ChangeCoin does or the potential of it growth, but rather the team of Blockchain experts it has put together over time.

Continue reading...

Image 1

‘When people use the Circle product…you don’t see Bitcoins. It’s sort of underneath.’

Those are the words of the serial entrepreneur Jeremy Allaire, who is the Founder, CEO and Chairman of the Board of Directors at Circle.

In this article, the above statement is of great interest to us. But fi...

Continue reading...