Bitcoin Price News, Updates, Analysis & Index | Bitcoin to AUD/USD Analysis

Bitcoin

Bitcoin is a cryptocurrency which has no central authority (such as a government or CEO) and all transactions are published on a public ledger known as a blockchain. Bitcoin was first invented in 2009 by an anonymous founder known as Satoshi Nakamoto.

How Does Bitcoin Work?

The transactions are verified and broadcast to the network every 10 minutes in what is known as a “block”. A block is more simply thought of as a cluster of verified transactions, which when broadcast connect to the previously authorised transactions, and hence form a chain.It was originally described as a peer-to-peer electronic cash but the technology has evolved to be thought of more as a settlement layer or store of value rather than a payment network. Because of these properties many have led the chorus to call Bitcoin both an inflation hedge, and digital gold. Apple co-founder Steve Wozniacki went a step further when he said Bitcoin is better than both physical gold, and the USD.

“Gold gets mined and mined and mined. Maybe there’s a finite amount of gold in the world, but Bitcoin is even more mathematical and regulated and nobody can change mathematics.”
Steve Wozniacki, Apple.

Twitter CEO Jack Dorsey believes Bitcoin will become the single global currency.  Irrespective of this commentary, Bitcoin has remained the dominant cryptocurrency since inception.

Bitcoin Price Updates

Here at Mine Digital, we are not only a Cryptocurrency exchange, we are a central source for all things Digital Assets and Cryptocurrency.

Below you can find our most recent articles/analysis on Bitcoin, it’s current price and future…

Bitcoin
Bitcoin

Here’s the Two-Way!

Markets are getting two-way action after trending for most of 2020. We wonder if gold,bitcoin and maybe USD are bid when the selling stops?

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Bitcoin

Bitcoin at Critical Levels

With Nasdaq weakness overnight, all eyes are on bitcoin trading at critical levels 9600-10,000. Alt-coins were mostly sold across the board.

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Bitcoin Bear
Bitcoin

Digital Assets Hammered

Digital assets have been soundly routed overnight with broad 10-30% falls backing up yesterday’s weakness. The NASDAQ was lower by almost 5%.

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Bitcoin

Bitcoin Moves Markets

With the VIX diverging from S&P500 price action, gold and bitcoin holding up and USD dropping, moves may be imminent in the first half of September.

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Bitcoin

Bitcoin Primed, DeFi Strong

It looks like a promising start to the week in bitcoin and digital assets after the U.S. dollar dropped and gold was bid into the end of last week.

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Bitcoin

危機

Today we try to stop you making rash decisions – giddy from the lofty heights or panicky with the recent asset price weakness.

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Bitcoin

Digital Assets Weak

Digital assets did very little overnight as Bitcoin was weak. Traditional markets were also very quiet in a lull across markets.

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Bitcoin

Bitcoin Re-joins the Party

Bitcoin has been bid overnight after lagging the digital asset markets. Some alts are still catching a bid but Eth may be suppressed moving forward.

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Bitcoin

Buying Spree Continues

Viable digital asset projects are being bid across the board and we identify this as institutional capital, especially tech funds. Bitcoin still muted.

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Bitcoin

Market Regime Change?

Bitcoin and gold were down overnight, potentially providing a lead on a risk-off equities sell. Is it a change in narrative or a speedbump?

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Bitcoin

Alt Szn Now.

It’s been a great run for alt-coins, especially defi with broad interest. We still wait for Bitcoin to make a move, but all action is elsewhere.

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Bitcoin

Gold Bid, Bitcoin Coils

With gold bid strongly and weakness in the U.S. dolllar we are expecting follow-through from bitcoin. The direction of alts may be given by this move.

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Bitcoin

Powell Gives a Thumbs Up

Whatever the markets are doing, the U.S. Fed approves. The Powell speech indicated more of the same and it looks like a program of drawing the U.S. dollar lower without spooking markets.

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Bitcoin

Bitcoin Price Jumps 10+%

Bitcoin has exploded out of its resistance levels, sitting in a veritable no-mans land at present after rallying 10%. Other digital assets are weaker.

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Bitcoin

Bitcoin Pops, Eth Holds

Bitcoin broke through major levels overnight, with all eyes on the asset for a run through $10,500. The move comes against a mild risk-off sentiment.

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Bitcoin

Bags Packed, Send It

Ethereum catches a bid this morning which can only mean one thing for Bitcoin and by proxy, digital assets. Pack your bags, we’re going on a trip.

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Bitcoin

USD Down, Sound Money UP

With the USD having a major break lower overnight, Gold and Bitcoin both broke out higher. We watch for a continuation in Bitcoin.

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Bitcoin

Risk On, Vol Down

Risk was taken on in markets overnight, with equities up and volatility down. Despite bids in tech, digital assets have been softer.

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Bitcoin

Markets Quiet, Watching Eth

Both traditional and digital asset markets have been quieter from late last week and for digital assets, over the weekend, but a couple of standout performers.

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Bitcoin

Risk Trimmed Overnight

With some strange price action emerging in the S&P500, risk has been trimmed overnight after the Chinese stock market took a serious hit.

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Bitcoin

Risk On and On

Global markets have had a new tone the last 2 weeks and we see inflation, risk-on and potential in the short, medium and long-term in digital assets.

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Bitcoin

The Bid is Back

Some digital assets have bounced back strongly overnight, suggesting that the rally in alt-coins is far from over. Bitcoin traded sideways.

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Bitcoin

A Question of Peaking

The S&P500 made a double-top overnight as Tesla trades upto $1800 before turning around. We are watching to see if digital assets keep their correlation to traditional market risk.

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Bitcoin

Tech Still Bid, Bitcoin Ready

Morning Traders, With the exception of Bitcoin which continues to stick to its range, digital assets have been relatively strong over the weekend although quieter

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Bitcoin

Traders Update 10th July

Morning Traders, Bitcoin traded lower overnight with the US Equity index and the rest of the space also cooled off. Bitcoin Bitcoin last traded at

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Bitcoin

Traders Update 9th July

Morning Traders, Digital assets continued to perform strongly overnight, with Chinese tech assets still being bought and the S&P500 up overnight. Bitcoin Bitcoin has been

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Bitcoin

Traders Update 8th July

Morning Traders, Things are starting to play out in markets, with Gold hitting major highs and alt-coins being strong lately. Bitcoin Bitcoin is still on

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Bitcoin

Traders Update 7th July

Morning Traders, We had a strong bid in tech the last 24 hours, with digital assets benefiting. Bitcoin Bitcoin has been bid with tech, but

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Bitcoin

Traders Update 6th July

Morning Traders, Bitcoin has traded sideways over the weekend, but has now spent a significant amount of time outside of the ascending wedge it had

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Bitcoin

Traders Update 3rd July

Morning Traders, Bitcoin There are 2 main questions for Bitcoin right now. One is whether the activities in Hong Kong change things for the asset.

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Bitcoin

Traders Update 1st July

With equities and gold trading together overnight an interesting question is posed to the role of Bitcoin in markets – does it find strength from here or not?

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Bitcoin

Traders Update 26th June

Morning Traders,  Bitcoin validated our framing of the asset in its break lower, moving to form a longer-term triangle in the asset after failing to

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Bitcoin

Traders Update 23rd June

Mine DIgital Traders Update for 23rd June. Ethereum is making digital assets look strong early in the week, also moving with gold.

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Bitcoin

Traders Update June 22

Morning Traders,  Bitcoin has spent the weekend going sideways as volatility has been compressed.  Bitcoin last traded at $9,293 Bitcoin 24 hr high: $9,421 24 hr low: $9,271

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Bitcoin

10,000BTC Pizza

All markets are heavily manipulated Here it is, the 12th edition of The FUD, where I talk about the biggest FUD of the week. I

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Bitcoin

Why Bitcoin Is Money and Will Not Fail

Bitcoin has had detractors from time to time who criticise its ability to be recognised as a true financial asset. Here we take a look at how Bitcoin derives its value and why the asset will not fail.

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