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Is Bitcoin BTC Price Finally Making a Comeback?



Bitcoin BTC price

New data has shown a sudden and unexpected shift within the crypto market, where the Bitcoin BTC price stopped its free fall and is currently rising once more. The number one currency is experiencing an 8.29% growth at the time of writing, with its current price nearing $4,400.

The new change has confirmed once again just how chaotic Bitcoin can be, and investors are still trying to find a source of this twist. Despite the fact that Bitcoin has had numerous ups and downs in 2018 alone, that it has gone through two serious market crashes, and almost an entire bearish year, it still remains the number one digital currency.

Bitcoin is continuing to dominate the market in terms of value, market cap, rank, age, and several other aspects. In the meantime, investors are asking another important question, which is — how far up can Bitcoin go?

Potential heights of Bitcoin

As stated previously, Bitcoin is the most unstable cryptocurrency around. It started this year with a price of $20,000 and nearing its end, it dropped to $3,700. While many have predicted that BTC will reach its old value of $20,000 or more by the end of the year, this seemed unlikely until today.

Investors and experts alike were now reminded that not a lot is certain when it comes to Bitcoin and that its price can be in free fall, and then shift to an unpredicted surge, all in one day. Considering that the year is nearing its end, and cryptocurrencies’ tendency to rise without any apparent reason in this time of year, it is currently unknown when this surge will stop.

It might be a short-term price correction that follows the selloff and BCH hash war, or it might be a start of a bull run that investors have been hoping for since January. Right now, it is believed that this is the first real price surge since July. Analysts have also stated that constant bouncing shows strong demand for the coin. However, in case it falls once more, the move down will be a very violent one.

However, if the coin manages to hold on to the current trend, there is no way to predict where it may end up. The only thing that is certain in this scenario is that it will step up.

Based on the coin’s history, analysts have set up numerous milestones that its value is expected to hit, whether it goes up or down. The price of $3,700, at which the coin stopped its free fall was one of those milestones. When the price is falling, these prices are expected to soften the fall and try to keep the coin from going any further. When the price is rising, these values are resistances that are to be broken. The latest resistance that BTC managed to break was at $4,150, and the coin exceeded it with ease.

Right now, it is closing the gap between its current price and $4,400, and after that — it is anyone’s guess. However, experts say that considering BTC’s activities in the last two weeks, breaking through these resistances will be a difficult task.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC




The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.

Musk’s Tweets also impacted Dogecoin’s price

Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.

He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.

Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…

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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub ( ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Wisebitcoin Launches Professional-Grade Crypto Exchange



Infrastructure is developing rapidly in the cryptocurrency industry, but the recent launch of the Wisebitcoin cryptocurrency exchange is nonetheless significant in terms of the immediate value it provides to cryptocurrency users. That’s because the exchange has had a beta version available since 2018 while continuing further developments in stealth mode, and already serves over 1.2 million end users with $6+ billion in 24 hour trading volume at the time of its official launch.

In addition to the large user base and deep liquidity, Wisebitcoin also stands out by offering up to 100x leverage to margin traders, with the ability to open a long or short position in their futures market. In the current bullish environment, leverage is a key way that experienced traders increase their exposure and try to profit from volatility.

For example, if a user opened a long position on ETH on January 2nd at a price of $750, they could have greatly multiplied their profits with even a small amount of leverage such as 5x as ETH reached over $1,100 within 48 hours. A simple unleveraged position would have netted $350 in profit, but a 5x position would have netted $1,750 and a 100x leveraged position would have netted an incredible $35,000 in profits from an initial investment of just $750. 

Beyond leverage, Wisebitcoin additionally offers a simple and…

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