Nvidia Mining Chip Sales Drop 30% in Q4 Amid ‘Post-Crypto Excess’

Nvidia managed to survive declining cryptocurrency mining chip demand to post total full-year revenue of $11.72 billion. The company forecasts an aggressive rebound for the 2020 fiscal year, but Wall Street analysts say such forecasts are overly optimistic given the lack of significant change in the market. Sale of Cryptocurrency Mining Chips Plummet The U.S. […]

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Bitcoin Fundamentals Unchanged For Institutionalization, Says Spencer Bogart

Spencer Bogart of Blockchain Capital believes that all of the promises and potentials associated with Bitcoin remain unchanged despite plummeting by more than 80 percent from its mid-December 2017 all-time high. Bright Future for Bitcoin Speaking recently to CNBC, the Blockchain Capital partner noted that 2018 was in many ways a transition period for the […]

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Bitcoin Price Analysis: BTC Bounces But Bears Still in Control

Bitcoin price just pulled off a nice 10% bounce with the next level of resistance at $3,700. Let’s take a look at what can happen next? Bitcoin Price: Market Overview Bitcoin price 00 dropped to a new yearly low at $3,210 and the overall market cap now rests at $110.6 Billion. Clearly, bears are still running the […]

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Where Will Bitcoin Price Go as It Nears November Lows?

The Bitcoin price was hovering near its lowest levels in 14 months December 6 a fresh downturn continued to take its toll on investors. Another Grim Day For Bitcoin Traders Having lost support at $4000 Tuesday, 00 slipped further towards lows set last month around $3500, reaching $3680 before appearing to claim new support at […]

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‘What a Shocker’ – CME Bitcoin Futures Volume Soars 41%

As investors speculate when Bitcoin will bottom and reverse course, a recently released CME report shows Bitcoin Futures daily trading volume up 41% over Q3. Bitcoin Futures Volume Rises Sharply The bear market is still a reality, but investors are steadily making moves behind the curtain. A new report from the CME  (Chicago Mercantile Exchange) shows that […]

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