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Is the New Bitcoin Bounce For Real?

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Bitcoin Bounce
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After more than a month of trading in the red, Bitcoin (BTC) seems to have finally experienced a new bounce, starting on December 17th. The new surge came just after the weekend of sideways trading, and Bitcoin has seen a relatively sharp surge which has increased its price by $900 within a few short days.

Now, investors are left wondering whether this bounce is the real deal, or is it something else that it’s making BTC rise so unexpectedly.

How did the surge affect BTC and the market?

As mentioned, the spike up started on December 17th, without any warning, and seemingly without a real reason. As usual, the change in Bitcoin’s own behavior has affected the entire market, and most of the top 100 currencies started trading in the green for the first time in over 30 days.

Many of these coins experienced a much larger surge than Bitcoin itself, such as EOS, which has gone up by over 25% at one point. In comparison, the Bitcoin increase remained in single digits. Even so, the current situation is still better than it was in the previous month, with Bitcoin’s price exceeding $4,000. At the time of writing, Bitcoin’s value is at $4,102, with a 0.65% increase in the last 24 hours.

XRP and Tether (USDT) are currently the only two coins within the top 10 cryptos that are trading in the red, with the rest of them experiencing larger increases. This is especially true within Bitcoin’s ecosystem, where Bitcoin Cash (BCH) is seeing a 30.53% surge, and Bitcoin SV (BSV) growing by over 23%.

Is it real?

The question on every investor’s and trader’s mind right now is whether or not the current growth is real and permanent? The crypto community has been speculating about this ever since the surge started on December 17th. Since then, many were claiming that the current situation is nothing but another attempt at market manipulation.

Some analysts have even speculated that the change is a beginning of a “Bart” pattern, which starts with a price surge, followed by sudden spikes which go both up and down and then resulting in a drop which brings the asset’s price close to the starting point. The pattern was named after the iconic character from The Simpsons, Bart Simpson, as it resembles the shape of the character’s head.

Many argue against this theory, stating that the current increase lasts longer than a typical “Bart” pattern, although it is still possible that the pattern will hold.

For now, Bitcoin’s price is higher than it was in weeks, and the same is true for its market cap, which has exceeded $71 billion. The total crypto market cap has grown as well, currently holding at $135.4 billion. Whether or not the recovery will hold still remains to be seen. For now, however, the increase is giving hope to investors and traders around the world, with many of them being optimistic, and claiming that this might be the start of a bull run that will return Bitcoin’s value to heights experienced earlier in this year.

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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

What is Bitcoin IRA and Which Ones to Consider Using in 2019

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Bitcoin IRA
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As Bitcoin, and cryptocurrencies in general, continue to advance in the world of modern finances, many are finding new use cases for this form of money. Although cryptocurrencies still have limited use cases, many of them are finding new ways to be useful, which will give them an advantage and secure their long-term survival.

Bitcoin, for example, already has numerous use cases, including purchases of goods and services, crypto trading, loans, savings, and more. Another of its use cases includes individual retirement accounts or IRAs. Simply put, this represents an account that individuals can open at a number of financial institutions, and use it to save money for their retirement.

Many choose to open these accounts due to lower taxes, which allow them to save up more. IRA comes in several types, including traditional IRA, rollover IRA, and Roth IRA. Traditional IRA is as simple as it sounds — users simply open an account and start adding money that they can afford to deduct from their income.

Rollover IRA includes “rolling the money over” from the qualified retirement plan to the IRA, while Roth IRA allows users to deposit after-tax money which can then grow completely tax-free

Bitcoin IRAs work pretty much in the same way, except you deposit Bitcoin instead of traditional currencies. While some of the older, traditional IRAs have decided to expand their businesses in…

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Why BlocPal Is the Easiest Way to Accept Cryptocurrency

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The face of the retail industry is always changing.

E-commerce is one of the fastest growing trends worldwide, and for good reasons.

It’s convenient, secure, and is effective at connecting merchants with interested shoppers from across the world.

For this reason, it’s no surprise that online shipping is expected to overtake brick-and-mortar stores globally by 2021, making it the world’s largest medium for retail. As the industry changes, it’s important for retailers to keep up with the latest technology so they’re able to accommodate more customers at once. This is where BlocPal comes in.

BlocPal offers business owners an easier way to process payments

BlocPal understands that not every business owner adapts to technology at the same rate. As such, BlocPal has been designed to optimize transactions for both online and brick-and-mortar companies so that every retailer can enjoy the benefits that come with the world’s first true multi-currency payment solution.

With BlocPal, business owners can enjoy the following benefits:

    • The ability to process payments in fiat (USD and CAD) currency as well as Bitcoin, Bitcoin Cash, Bitcoin SV, Litecoin, and Ethereum. Expect more currencies to be added as BlocPal…
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Bitcoin

Bitcoin Grows Beyond $4,000

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Bitcoin grows beyond $4000
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Bitcoin (BTC) is starting to make waves again, and while they are still small, investors around the world are welcoming the positive development. The number one cryptocurrency has just breached the $4,000 mark, and while this is still five times lower price than it was in early January 2018, it is over $800 higher than in early December 2018.

At the time of writing, Bitcoin price is at $4,048.60, after the coin experienced a 5.53% growth in the last 24 hours. Meanwhile, its market cap sits just above $70.5 billion, while the coin’s daily trading volume is at $5.7 billion.

Bitcoin has had a rough 2018, just like the rest of the crypto market. In fact, the coin is so influential that it usually dictates the market behavior, whether positive or negative. Right now, the rest of the market follows the positive trend, with all of the top 10 cryptocurrencies currently trading in the green, while only a few among the top 100 coins are experiencing minor losses.

The largest gainers among the top 10 cryptos by market cap are Litecoin (LTC) with a 7.64% growth, and Stellar (XLM), which is growing by 7.27%.

Bitcoin’s behavior in the new year has mostly been positive, which is a trend that originally started on December 17th, 2018. After a month and a half of constant losses, which have brought…

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