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Bitcoin rose above US$10,000 on Thursday for the first time in more than two weeks, as investors bought back the digital currency after having fallen 70 percent from its all-time peak hit around mid-December. NEW YORK: Bitcoin rose above US$10,000 on Thursday for the first time in more than two weeks, as investors bought back the digital currency after having fallen 70 percent from its all-time peak hit in mid-December. Bitcoin has been buffeted this year by a series of negative headlines centering around increased scrutiny by global regulators. There has also been the incidence of hacks on exchanges, the...

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10000, bcash, bitcoin, bitcoin cash, btc, bullish, crypto, cryptocurrency, eth, ethereu, ethereum, gain, large, litecoin, market, surges, xrp -

Over the past 24 hours, the cryptocurrency market has recorded large gains, as every major cryptocurrency including bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin recovered in value. Bitcoin and Ethereum Bitcoin demonstrated an 11 percent increase in price, moving closer to the $10,000 mark, which analysts often describe as the psychological threshold for the cryptocurrency. As CCN noted in the past, because the market tends to follow the trend of bitcoin in terms of massive volatility, over the past 24 hours, most cryptocurrencies have followed bitcoin’s upward momentum. Since yesterday, the price of bitcoin rose from $8,840 to $9,900, by...

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10000, 2018, bitcoin, bull, bullish, chinese, crypto, cryptocurrency, happy new year, market, new, price, run, year -

Bitcoin looks set to test the $10,000 mark soon, as per technical analysis, although some investors fear the Lunar New Year may play spoilsport. Ahead of New Year holidays (starting Feb. 15), Chinese and South Koreans often exchange bitcoin for fiat currencies (to fund increased spending), and bitcoin (BTC) tends to drop in the run-up to the event. Boosting such fears this year is bitcoin's (BTC) recent inability to move above $9,000 in a convincing manner. Since Feb. 10, the cryptocurrency has been restricted to a narrow range of $8,000 to $9,000, shows CoinDesk's Bitcoin Price Index (BPI). Still, historical data indicates...

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