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Andrew Schober was almost all-in on cryptocurrency. In 2018, 95 percent of his net wealth was invested in the digital tokens, which he hoped he could sell later to buy a home and support his family. But then disaster struck. Schober had downloaded an app called “Electrum Atom” after clicking a link on Reddit, mistakenly thinking it was a bitcoin wallet. Instead, it was malware that allowed hackers to steal 16.4552 bitcoin when he tried… Source link

Bitcoin (BTC) price is still 4.4% down from its Aug. 23 high at $50,500, leading some traders to question whether the local top marked the end of the recent 34-day long bull run. Even with the current correction, derivatives data and the maneuvers of professional investors are not flashing any bearish signals. Bitcoin price in USD at Coinbase. Source: TradingView On Aug. 24, prominent technical analyst John Bollinger suggested that Bitcoin price could be pushed lower in the short term. A… Source link

MicroStrategy (MSTR) recently doubled down on bitcoin (BTC-US) by once more adding more of the cryptocurrency to its balance sheet. The analytics platform now owns the most bitcoin out of all publicly traded companies.  “Calling it a ‘cloud services company’ doesn’t even feel fully accurate anymore,” Daniel Roberts, editor in chief of Decrypt Media, told Yahoo Finance.  “Obviously some preexisting MicroStrategy shareholders from before Saylor went gaga for bitcoin probably don’t love it, but… Source link

Bitcoin (BTC) could surge to $100,000 or bottom out at $30,000 by Christmas — but one of its best-known analysts is betting on the moon. In a Twitter update on Thursday, PlanB, creator of the stock-to-flow family of BTC price models, cast fresh doubt on a Bitcoin bear move. PlanB focuses on “key” remaining months With BTC/USD trading at $47,000 this week, PlanB has a lot to be confident about. His recent prediction of a minimum monthly close for August exactly matches current prices —… Source link

After a particularly bearish Thursday, it’s been a bullish morning for Bitcoin and the broader crypto market. At the time of writing, Bitcoin, BTC to USD, was up by 1.54% to $47,563.0. A mixed morning saw Bitcoin fall to an early morning low $46,363.0 before making a move. Steering clear of the first major support level at $45,638, Bitcoin rose to a late morning high $47,762.0. In spite of the rebound, however, Bitcoin fell well short of the first major resistance level at $48,713. The Rest of… Source link

Ethereum Ethereum fell by 4.19% on Thursday. Reversing a 1.82% gain from Wednesday, Ethereum ended the day at $3,093.20. A mixed start to the day saw Ethereum rise to an early morning intraday high $3,251.05 before hitting reverse. Falling short of the first major resistance level at $3,292, Ethereum slid to a mid-day intraday low $3,056.00. Ethereum fell through the first major support level at $3,123 before a recovery to $3,140 levels. A bearish end to the day, however, saw Ethereum fall back… Source link

A PayDepot Bitcoin ATM machine is pictured in a shop in Union City, New Jersey, US. Photo: Reuters Cryptocurrencies were broadly higher on Friday but bitcoin remains below the $50,000 (£36,462) mark amid mining difficulties. Bitcoin (BTC-USD) hit a three-month high above $50,000 on Monday. It was up 0.7% on Friday morning but was trading at $47,271. Ethereum (ETH-USD), the second biggest crypto by market cap, ticked up 0.8% to trade at $3,114. Forbes reported that “mining difficulty”, a score… Source link

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The euphoria seen across the cryptocurrency ecosystem over the past couple of weeks was tampered down on Aug. 26 as an early morning attempt by bulls to push the price of Bitcoin to $50,000 was soundly rejected.  Data from Cointelegraph Markets Pro and TradingView shows that following its rejection, the price of Bitcoin slid to a low of $46,457 before bulls managed to regroup and put a halt to the downturn. BTC/USDT 1-day chart. Source: TradingView Here’s what analysts are saying about… Source link

What happened The prices of cryptocurrencies continued their multiday slide Thursday morning as investors weighed recent comments regarding efforts to regulate the industry. Here’s how some of the most recognized assets were trading as of noon EDT: Image source: Getty Images. So what All three assets were still up by more than 50% over the past month, so it shouldn’t concern holders that they are giving back some of those gains. What may be of… Source link