Turkish Bitcoin Adoption Ramps Up amid Flagging Economic Recovery

Turkey interest in bitcoin remains robust as the economy struggles to recover from the collapse of the lira from 2018. | Source: Shutterstock By CCN Markets: Turkey likes bitcoin more than any of the other 14 nations polled in a recent survey by Dutch banking group ING. Sixty-two percent of Turks were crypto positive, while 36% said they would be happy to be paid in bitcoin. Meanwhile, Austrians were the most skeptical, with only 13% being pro-crypto. Screenshot of ing.at poll These sentiments make perfect sense given Turkey’s recent economic…

Bitcoin Price Surges 10% in 48 Hours as Bakkt Countdown Begins

The bitcoin price spiked after regulated futures platform Bakkt announced it had received approval to launch in September. | Source: Shutterstock By CCN Markets: Bakkt, a bitcoin futures trading platform operated by ICE, the parent company of the New York Stock Exchange (NYSE), finally received approval from the Commodities and Futures Trading Commission (CFTC) to initiate its long-awaited launch. “Our contracts have already received the green light from the CFTC through the self-certification process and user acceptance testing has begun. With approval by the New York State Department of Financial…

Why the Inverted Yield Curve Failed to Boost Bitcoin’s Price

Wednesday’s yield curve inversion should have been bullish for bitcoin since it’s a major recession indicator, but the BTC price fell. Market observers explain why. | Source: Shutterstock By CCN Markets: The inverted yield curve on Wednesday should have been a catalyst in moving the bitcoin price higher. That’s because it signaled a recession, which tanked the stock market. It was just about a week ago that the bitcoin price rose in the wake of macroeconomics that sank the stock market. Observers cheered that finally the crypto was being seen…

After Monster Crash Bitcoin Flashes Loudest ‘Buy’ Signal in 8 Months

Bitcoin traders are running scared after a brutal 13% price collapse. But smart traders have spotted a lesser-known buy signal. Source: Shutterstock By CCN Markets: Bitcoin plunged below $10,000 on Thursday after a violent three-day selloff. But now is not the time to panic. If history is anything to go by, now might be the best time to accumulate bitcoin. Zoom out to the longer-term charts and BTC is wildly ‘oversold’ according to the RSI indicator, which has accurately pinpointed bitcoin buying opportunities in the past. Last time RSI was…

Samsung Cleverly Embraces Bitcoin as Rival Apple ‘Surpresses’ Crypto

Samsung quietly added support for bitcoin in its blockchain-enabled smartphones. Rival Apple continues to surpress the technology. Source: Shutterstock By CCN Markets: South Korean conglomerate Samsung has added support for Bitcoin to its tenth series of blockchain-enabled smartphones. This was revealed in an update posted on its developer website. With the added support for the flagship cryptocurrency, Bitcoin now joins Ethereum and Klaytn as the other blockchain platforms integrated into the Blockchain Keystore. By adding Bitcoin support to high-end devices, is Samsung taking the war to the iPhone? A Samsung…

Bitcoin ‘Fear Gauge’ Explodes to Most Alarming Level Since 2018

The Bitcoin ‘Fear Gauge’ just spiraled to its worst level since December 2018 – when the BTC price was a paltry $3,200. | Source: Shutterstock. Image Edited by CCN. By CCN Markets: The Bitcoin Fear and Greed Index has crashed to its lowest level in almost a year. The index, which tracks sentiment among investors, hasn’t plumbed these lows since December 2018 when the king of crypto finally found yearly support just above $3,000. The current reading of 11 out of a possible 100 registers as ‘Extreme Fear’ on the…

This Chart Perfectly Shows Bitcoin’s Brutal Dominance over Altcoins

Bitcoin’s dominance over altcoins grows ever stronger. Source: Shutterstock By CCN Markets: Bitcoin raged back into a bull market in 2019, leaving the rest of the cryptocurrency market in the dust.  While bitcoin is up 178 percent this year alone, Ripple (XRP) and Stellar (XLM), are down more than 15 percent. Despite desperate hopes of an ‘altseason’ surge, most altcoins remain stagnant while bitcoin’s dominance has gone from strength to strength, currently sitting at 71 percent according to Messari. One chart, created by on-chain analyst Willy Woo, perfectly captures bitcoin’s…

BTC Value Will Crash 99% for the Same Reason Tumblr’s Just Did

Yahoo just sold Tumblr at a 99% loss. CCN’s bitcoin skeptic thinks the same thing will happen to bitcoin. Source: Shutterstock By CCN Markets: What do Tumblr and bitcoin have in common? Here’s a hint. How many times have we seen a gigantic cash-stuffed company buyout some social media platform for an enormous sum of money, and then have to write the whole thing off? Many times. The Social Media Graveyard MySpace was bought by News Corp. for $580 million and sold for $35 million. Vine was purchased for only…

Bitcoin Price Craters Below $11,000 as Trump Stuns Market

The bitcoin price careened below $11,000 after the Trump administration stunned the market by delaying new tariffs on China. | Source: REUTERS/Leah Millis/Shutterstock; Edited by CCN The bitcoin price slid below the $11,000 mark for the first time in more than a week on Tuesday, as the flagship cryptocurrency’s burgeoning inverse correlation with the S&P 500 came back to bite investors. Bitcoin Price Careens Below $11,000 Bitcoin had entered the day trading sideways in the low $11,000s, where it had more or less languished since the Saturday sell-off that followed…

This Ultra Rare Pokemon Card Is Now Worth More Than a Bitcoin

A set of rare, first-edition Pokemon cards sold for $100,000 at auction, valuing Charizard at $20k – more than a bitcoin. Source: Shutterstock A complete set of first edition Pokemon cards from 1999 just sold at auction for $107,010.  Among the set, as any avid Pokemon fan from the ‘90s will remember, is a shiny Charizard – the most coveted card. At this valuation, the first-edition Charizard alone is worth $20,000, more than a bitcoin. This complete set of first-edition Pokémon cards sold at auction for more than $107,000. 📸…