The hacking of exchanges and relentless attacks from financial powers have, in the short run, adversely affected the price of Bitcoin.
For example, frequent exposure to hacking will eventually make Bitcoin and other cryptocurrencies immune to such attacks.
Moreover, giant financial actors, including exchanges and big banks, are investing heavily and hiring talent to build Bitcoin trading capabilities.
What do you think are the main factors that will eventually drive Bitcoin’s value higher?
Images courtesy of Shutterstock
The post Factors That Will Push Bitcoin’s Price Higher Are Gathering Steam appeared first on Bitcoinist.com.
Bitcoin appears to be rising as a payment method of choice for spies across the world following a third report that intelligence agents used bitcoin to pay for hacking infrastructure....
The post Ex-NSA Agents Used Bitcoin in Hacking Operations for an Arabian Monarchy appeared first on Trustnodes.
The hacking of exchanges and relentless attacks from financial powers have, in the short run, adversely affected the price of Bitcoin. However, once the news about these adverse effects fades, investors will be able to turn their focus to several bright ongoing developments.
The Bitcoin-silver price ratio highlights the ongoing tug-of-war between digital scarcity and traditional hard assets. While it should not be used in isolation, it provides critical insight into how capital is rotating beneath the surface.
Bitcoin price remains locked in a tight range between $80,000 and $90,000 as liquidity builds on both sides, increasing the likelihood of a sharp breakout once the balance breaks.
XRP price trades near critical $1.80 support as bullish momentum fades, increasing downside risk and raising the possibility of a capitulation move toward lower liquidity zones.