#$7000

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Following Bullish Sentiments: Price of Bitcoin Eyes $7,000, Global Markets Green

New Post has been published on https://masscryptocurrency.com/?p=2454

Following Bullish Sentiments: Price of Bitcoin Eyes $7,000, Global Markets Green

While it may be premature, many are suggesting that a true reversal is finally taking place. As Bitcoin establishes higher lows, and more and more altcoins are seeing huge appreciations, there seems to be evidence to suggest the bears are being driven out. Coupled with abundant, positive news recently, it’s possible that the extended red will soon turn green.

Last week, Bitcoin (BTC) held support at US$ 6,600. More recently, floors were established at $ 6,700, and days later $ 6,800. Today, Bitcoin is holding above the $ 6,900 mark, and is gradually pushing towards a renewed support at $ 7,000. This growth has been seen directly following news that the multi-billionaire Rockefeller family plans to invest in cryptocurrency. Controversial globalist billionaire, George Soros, has also announced his plans to invest in crypto.

Far more exciting than Bitcoin is the price movements of altcoins recently. The global cryptocurrency market capitalization has risen from below US$ 260 billion to above $ 270 billion in the past day, a growth of about 5%. This growth directly follows the news that the European Commission of the EU announces plan to invest  €300 million in blockchain projects as part of its recently launched EU Blockchain Observatory and Forum. Speculators suggest that European-focused Ambrosus (AMB) could be one of the projects largely supported by this initiative. The “supply chain 2.0” is presenting alongside members of EU Parliament and the European Commission later this month.

#Ambrosus BizDev Rado Dragov to speak in #Brussels alongside Henna Virkkunen of the European Parliament (@HennaVirkkunen), Pēteris Zilgalvis of the European Commission (@PZilgalvis) and John Higgins, Chairman of the Global #Digital Foundation (@john_s_higgins) $ AMB #blockchain pic.twitter.com/zGvnjlh8YU

— Ambrosus (@AmbrosusAMB) April 11, 2018

Of the top 100 currencies by market cap, 92 have seen growth in the past 24 hours. 10 of these coins have seen appreciation of over 10%, led by EOS with a 27% growth in the past day. With the exception of one, the coins that have seen loss have only recorded losses of under 4%. The exception is Verge (XVG) which has depreciated by close to 9% since yesterday.

The last major obstacle, many suggest, is the potential for last year’s winners to liquidate cryptocurrency to pay US taxes before April 17. With under a week left, it’s likely that most liquidations have already been made. Furthermore, the adoption of powerhouse investors suggests that now truly is the time when a reversal will finally take place.

Last April marked the precursor to 2017’s massive growth. Global crypto markets quadrupled between the start of April to the first week of June, and, as we know, continued to explode for much of the rest of the year. As was also the case last year, a significant growth in volume is also likely with the start of summer, as many of the college aged crypto enthusiasts become significantly more active during breaks from school. With an increase in volume, a similar increase in price is to be expected.

The Merkle

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Bitcoin Price Watch: Currency Hits $7,000 Mark

New Post has been published on https://masscryptocurrency.com/?p=2403

Bitcoin Price Watch: Currency Hits $7,000 Mark

Bitcoin seems to be on an ascending path. After incurring a $ 300 jump yesterday and trading at roughly $ 6,900, the currency has hit the $ 7,000 point – a welcome move for many hungry enthusiasts.

One of the reasons may be the recent influx of major financial players – some of which had originally turned their backs on cryptocurrency or rejected its notions of legitimacy – who are suddenly becoming more involved. One of these figures is legendary hedge fund manager George Soros. The head of his company Soros Fund Management recently announced that the enterprise had received permission to begin trading cryptocurrencies within the next few months.

This marks a massive change of heart, as Soros has repeatedly referred to bitcoin as mere “speculation,” and dismissed it as a financial trend that was likely to disappear within the next few years. Naturally, his words were hard to take considering his power and status in the financial community.

Now, the legendary Rockefeller family is looking to get in on the crypto action. Venrock, the venture capital firm of the Rockefeller Foundation, has partnered with Brooklyn-based cryptocurrency firm Coinfund. The partnership will ultimately bring Coinfund closer to large companies and assist in its general product growth.

With so many swings happening, one can’t help but wonder if individuals like Warren Buffett – one of bitcoin’s largest opponents – will follow in Soros’ path and seek to make their mark in the crypto arena.

Naturally, this raises questions about where bitcoin will go in the coming weeks. Thus far, it appears that recovery may be on the horizon, but it’s hard to tell for sure if these past two jumps are short-term, or indications of something much larger.

Chief Strategy Officer for NYNJA Marshall Taplits remains bullish regarding the currency’s price:

“Speculation on price is always difficult, but the trend for Bitcoin is clear – up, going to about $ 20,000 USD from zero in 10 years. Each time Bitcoin corrects, the media wrenches. However, anyone who has been watching cryptocurrency since the beginning knows to bet on $ 30,000.”

Taplits is not alone in his sentiment. Daniel Worsley – COO of LocalCoinSwap – acknowledges that the battle for bitcoin and the blockchain is ongoing, and that there will always be enemies working to stand against their respective growth. However, he feels out that for the most part, both entities have managed to sway all attacks, and that he “wouldn’t be surprised” if the currency reaches a price exceeding $ 20,000 by the end of the year.

“Given the amount of negative press which is now priced in and investor expectation of another bull run, it will only take a couple of positive developments to set off the train,” he states with confidence.

On the other hand, some figures, like digital partnerships manager at OTE & COSMOTE Dimitris Ioannides, lean more towards the bearish end of the spectrum. He says that bitcoin is about to face its “biggest battle of all,” as regulators, banks and financial authorities will continue to seek out new laws and limits for cryptocurrency users. He’s also confident bitcoin’s volatility is here to stay – even after its technology has settled and the coin has gone deeper into mainstream status.

The Merkle

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Sentimental of Easter: BTC Resurrects Following Midday Dump, Price of Bitcoin Returns to $7,000

New Post has been published on https://masscryptocurrency.com/?p=2288

Sentimental of Easter: BTC Resurrects Following Midday Dump, Price of Bitcoin Returns to $7,000

With each coming day, the price of Bitcoin edges nearer and nearer to 2018 lows of just above US$ 6,000 achieved in early February. In the last days of March, Bitcoin saw yet another tumble, as the price saw an extended stay below $ 7,000, the longest period of time throughout 2018 spent in the 6k range.

While April Fool’s Day saw a slew of comical and tacky crypto-pranks alike, Bitcoin’s April 1 dip was no joke. After starting out Easter Sunday pegged at US$ 7,000, BTC continually bled, until it fell to a midday low of $ 6,500, a drop of over 7%. While many enthusiast spent the day away from their screens, celebrating the holidays and spreading pranks, those keeping a close eye feared a second dip into the low US$ 6,000s.

Fortunately, Bitcoin saw a complete reversal after the 12 hour bleed, regaining much of the day’s losses in a matter of minutes. Over the course of a half hour, BTC rose from the daily low of $ 6,500 almost $ 400 to just below $ 6,900. After a small dip, Bitcoin spent most of the remainder of the day at $ 6,800, until another recent pump, where BTC jumped over $ 200 from $ 6,800 to $ 7,025. Currently, BTC is trading at exactly US$ 7,000.

Either as a serious observer or to simply convey irony, many individuals compared today’s price movements to Resurrection of Easter. Regardless of one’s beliefs, the sharp reversal from US$ 6,500 at least conveys some level of confidence. Whether through organic appreciation or at the hands of some whale, the bullish sentiments of cryptocurrency, while currently overshadowed by the overwhelming bear market, have not disappeared.

Courtesy of /r/Bitcoin

While it’s very difficult to accurately predict the bottom of a bear market, as thousands have already inaccurately called the bottom on the way down, moments like these are certainly exciting. On the way up to Bitcoin’s all-time high of US$ 20,000, there were several instances where massive dips of thousands of dollars were overcome in a matter of days, if not sooner. Perhaps, these small recoveries can, either in the coming days or hopefully in the near future, spark a more extreme redirection, potentially catapulting Bitcoin back towards the highs of late 2017.

    The Merkle

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Harga Bitcoin Meroket Ke Paras Melebih $7000 Pada Jumaat Pagi

Harga Bitcoin Meroket Ke Paras Melebih $7000 Pada Jumaat Pagi

Matawang crypto bitcoin meroket tinggi sehingga ke paras $ 7000 untuk satu bitcoin pada hari Khamis buat pertama kali.

Harga bitcoin mula mencatat peningkatan yang tinggi sejak akhir beberapa bulan ini. Nilai bitcoin naik dua kali ganda dalam tempoh 7 minggu . Berdasarkan data, wang digital itu berada pada bacaan harga $ 7,248.7 setakat jam 3.50 petang, meningkat sebanyak $ 229.8 atau 3.27%.

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Thief steals wallet with $7,000 from Manhattan subway rider A lucky lower Manhattan subway thief lifted a wallet with a whopping $ 7,000 cash inside, officials said Tuesday, and now cops are asking the public’s help in changing the crook’s fortunes.

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Inside Dolce & Gabbana’s Millennial Cocktail Party in L.A., Mocktails and $7,000 Headphones Rule

Inside Dolce & Gabbana’s Millennial Cocktail Party in L.A., Mocktails and $7,000 Headphones Rule

“One of the biggest misconceptions about [millennials] is that we’re always on our phones and we don’t pay attention,” said Zendaya, who joined Cameron Dallas and Rafferty Law at the soiree.

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How a Sustainable Aquaponics Farm Grows 7000 Heads of Lettuce a Week

How a Sustainable Aquaponics Farm Grows 7000 Heads of Lettuce a Week

John from http://www.growingyourgreens.com/ goes on a field trip to Sustainable Harvesters, one of the largest commercial aquaponic farms in texas. You will discover how they are able to grow 7000 heads of lettuce a week using fish to produce fertilizer for the lettuce. In this episode, John will give you a special tour of this commercial aquaponics farm. First, you will learn how aquaponics is…

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