Bitcoin price & Altcoin analytics

The fact that the Bitcoin price is moving up so fast surprises cryptocurrency and Blockchain experts. We know that Bitcoin is a promising investment tool, yet the price has doubled in just half a year, from $850 in December up to its latest maximum of $1,750 in May. Could good news like world governments accepting cryptocurrency play a role in the Bitcoin and altcoins price race? Or are we observing another ponzi scheme? Should we expect corrections soon?

The Bitcoin price has already surpassed its historical maximum and confidently goes higher.

On Wednesday, May 3, one of the largest cryptocurrency exchanges, Coinbase, announced that it was adding support for Litecoin.  The Litecoin price reacted immediately with a sharp rise in price from $16 to $21 to surpass a market cap of $1 billion.  

One of the top-5 most valuable digital assets by market cap, Dash, is in another major price uptrend after the announcement that one of the world’s largest cryptocurrency exchanges, Kraken, would support Dash.

Litecoin price has doubled in the last few days, while SegWit adoption could be imminent! CoinIdol investigates what’s in store for both.

March 23, 2017 Bitcoin Unlimited is signaling activation in the last 38.3% of recent blocks. A Worldwide hard fork could take place at any time. Everyone using Bitcoins could be affected.

Bitcoin has one of the highest price variations when compared with other financial assets traded on the forex markets. In the past year, the price of bitcoin has been more stable as compared with the price of oil from the world’s major oil producing nations.

One of the largest Bitcoin mining companies, Bitfury, has turned down bids to buy bitcoin from various investors and Assets Under Management funds. This is seen by many to have been triggered by the surge in Bitcoin’s price from $800 to $900.

Saxo Bank, the online multi-asset trading and investment specialist, has released its annual set of 'Outrageous Predictions' for the year 2017. The predictions for the next year also mention Bitcoin and its probability of seeing huge gains.