Bitcoin (BTC) Feels Pressure as IRS Issues Tax Penalty Letters, Congress Debates Regulation

bitcoin

Bitcoin is feeling the pressure lately as U.S. Congress continues its debate regarding crypto regulation and the IRS sends out warning letters to crypto holders. The golden boy of cryptocurrency is down five percent since last week after dropping below $10,000 on the weekend. Analysts are forecasting further losses for the asset as technical indicators suggest a bearish trend forming.…

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Analysts Forecast Bitcoin (BTC) Price Heading for $9k, BitMEX Under Investigation

The price of Bitcoin (BTC) continues to trade in a sideways fashion between $10 and $11k as the recent market volatility subsides. The previous week’s heavy price action saw Bitcoin fall from $13,000 to $9,400 in a matter of days, leaving many investors rattled. Now, however, the volatility – a result of the late June parabolic rally – seems to…

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Bitcoin (BTC) Loses a Month’s Worth of Gains, Falling Back Below $10k as Facebook is Questioned

The spectacular gains that Bitcoin made during the last few days of June have all but been lost as the cryptocurrency crashes back down below $10,000.   Despite the huge losses, Bitcoin remains the only top 10 coin trading in the green over 30 days, still up 3.2 percent since this time last month. Ethereum (ETH), XRP, Bitcoin Cash (BCH),…

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U.S. Treasury Secretary Mnuchin Slams Crypto as “National Security Issue” in Follow Up to Trump Comments

In a statement undoubtedly prompted by U.S. President Trump’s comments last week regarding his stance on cryptocurrencies, U.S. Treasury Secretary Steven Mnuchin has reasserted the president’s claims, calling cryptocurrencies a “national security issue”. In a live broadcast from the White House yesterday, Mnuchin clarified the administrations position on the emerging digital assets industry, repeating the old trope that they facilitate…

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Bitcoin Evolution Scam Changes Name, Now Using Hugh Jackman for Illegal Promotion

hacker concept

Despite being proven to be a scam on numerous occasions over the past few years, Bitcoin Revolution continues to operate, using new celebrities with each and every iteration.   Its newest target is none other than Australian celeb Hugh Jackman, most popular for his portrayal of Wolverine in the X-Men movies. The scam has once again created a new name…

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Morgan Creek’s Mark Yusko Eyes $30,000 as Next Bitcoin (BTC) Target Amidst a Worsening Global Economy

Bitcoin with Dollar Banknote background

In a recent interview with Melissa Lee on CNBC’s ‘Fast Money’, Morgan Creek Chief Investment Office Mark Yusko says he sees $30,000 as the next possible target for Bitcoin.   In a conversation that began focusing largely on the overvaluation of the S&P 500 and potentially dire effects of the imminent U.S. Federal rate cuts, Yusko went on to discuss…

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Despite a Mild Recovery, Bitcoin (BTC) and Ethereum (ETH) Could Still Be Set for Further Losses

After shocking losses over the weekend that wiped out all of last weeks gains, Bitcoin began to show some recovery this week, climbing back up to $12,000 briefly.   Last week, the cryptocurrency charts went parabolic, with Bitcoin and other cryptos making 20 – 30 percent gains in a matter of days. Bitcoin topped out just below $14,000 and then…

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