We have updated our platform to offer Bitcoin Cash (BCH) withdrawals. When you next log into your itBit account, you will be able to see your BCH balance. This balance is equal to the Bitcoin you held in your itBit account at the time of the BCH fork on August 1, 2017.
Since the Bitcoin Cash hard fork, we at itBit have been monitoring the new currency and working diligently to support withdrawals of Bitcoin Cash.
It has been an eventful five weeks for the bitcoin and digital asset markets.
Following the bitcoin halving event on July 9th, the price of bitcoin stabilized in the mid-600 range and remained there through most of July. Then on August 2nd, the massive Bitfinex hack which saw roughly 120,000 XBT...
Bitcoin continued its incredible run last week, surging another roughly 10% to close around $740. The price has now jumped over 65% since late-May.
The bitcoin price rose 20% in May and is now up over 30% in 2016. The price had been rangebound most of the year, leaving volatility at extremely low levels. Big upside volume helped boost the price above key resistance levels in the $470-$475 range and then over the November high of $500. The...
Positive momentum in the bitcoin market continued last week, giving fresh legs to the recent rally. The price rose another 10%, closing the week around $580. The price of bitcoin is now up nearly 30% since May 27th.
Our monthly Bitcoin OTC Market Recap infographics are loaded with key OTC data ranging from trading volumes to spot price analysis. OTC market insights from our Director of Trading, Elizabeth Hamilton, are also provided below.
Last week started off with bearish readings in key indicators and saw the price of bitcoin fall below its 50-week EMA. The indicators turned bullish mid-week and a divergence formed across the 50, 100 and 200 day EMAs. The end result: a nearly 25% increase in price, peaking around a 21-month high...
The bitcoin price failed to rally last week despite key indicators being bullish. When price does not follow indicators, a breakdown is likely and that’s exactly what happened. Bitcoin price dropped below $440, ultimately settling in the low-$440s.
Crypto asset trading involves a high degree of risk. The crypto asset market is new and unproven and may not grow. Currently, there is relatively small use of crypto assets in the retail and commercial marketplace in comparison to relatively large use by speculators, thus contributing to price volatility that could adversely affect an investment in crypto assets. In order to participate in the trading of crypto assets, you should be capable of evaluating the merits and risks of the investment and be able to bear the economic risk of losing your entire investment. No material at this site should be considered as an offer by itBit to sell or solicitation by itBit of any offer to buy bitcoin or other crypto assets.
