Russian court declines stolen Bitcoin repayment request, says it’s not a property

A Russian court has reportedly declined a stolen Bitcoin repayment request because Bitcoin and other cryptocurrencies are not recognized as legal tender. Nearly 100 BTC is likely lost in this case; however, the court approved the victim’s other repayment request, which involved the Russian Rubles. Court declines stolen Bitcoin repayment request As IBTimes reported on […]

Analyst Expects Bitcoin Above $9.5K in Near-Term as Risk-On Sentiment Improves

Bitcoin analyst Edward Morra sees price heading towards $9,575 in the coming sessions. The prediction surfaces after the cryptocurrency failed to close above its short-term resistance level near $9,285. It also appears as global risk-on sentiment improves on positive job reports and vaccine hopes. Bitcoin could close above $9,500 in the coming session even as […]

This Eerie Nasdaq Fractal Predicts Bitcoin Will Rocket to $15,000 in 2020

In May and June, Bitcoin sustained multiple consecutive rejections at $10,000. Every time the cryptocurrency surpassed that level, the rally was quickly stopped by sellers. The chart below from Blockroots founder Josh Rager depicts this trend well. Chart of BTC’s price action over recent months by Josh Rager (@Josh_rager on Twitter). Chart from Bitcoin […]

As Altcoins Rally, Blockstream CEO Says Bitcoin Is the Only Crypto

Even compared to Bitcoin, altcoins have done well for themselves over recent months. As one crypto data analyst observed early last month, BTC has actually underperformed small cap, medium cap, and large cap altcoins. Some argue that this a byproduct of better technology; others say that altcoins were oversold and are seeing a needed relief rally. Despite their outperformance, a prominent industry executive has reminded investors that he thinks there’s only one crypto. And that’s Bitcoin. […]

Analyst Expects Bitcoin Price to Hit $27,000; Here’s Why

Bitcoin may hit $27,000 in the coming sessions, says an analyst. The analogy appeared as the cryptocurrency trends inside a Bullish Pennant structure on its monthly chart. The analyst sees BTC/USD breaking above the technical pattern and aim for an all-time high as its upside target. In the case of Bitcoin, they say “when in doubt, zoom out.” The saying typically ripples across the crypto circles whenever Bitcoin trends downwards or sideways. It points to […]