Bitcoin price is down 7.8% in the last 24 hours on Friday afternoon GMT. The 50 Simple Moving Average is now acting as the immediate resistance level. The price is, however, lacking a catalyst to sustain it above the pivotal $7,000. The industry’s top analyst Tom Lee, has released his new review of Bitcoin. He says that Bitcoin will come out of the descending channel to hit $25,000 by the end of this year. He further tells the investors to hold on to their Bitcoin in order realize good profits.

To combat fears of a trade war, put your money in bitcoin, said hedge-fund manager and bitcoin bull Brian Kelly. "[Bitcoin] is the new gold," Kelly said Friday on CNBC's "Fast Money." "In this environment," Kelly said of fears of a potential trade war, "I want to own those things that are deflationary and fixed supply in an inflationary environment. And look at what bitcoin has done the last couple of days."

The price of bitcoin continues to crash today with sellers forcing the price down below the cost to mine in many countries. The global average cost to mine a bitcoin is $4,758 according to the Elite Fixtures report that was published on Market Watch in May 2018. The price of bitcoin is $4,481 (at the time of …

BCash supporters claim that BCash is Bitcoin, which it clearly isn’t. BCash is a fork of Bitcoin and the Bitcoin network of nodes and miners, exchanges and merchants and the rest of the ecosystem has continued intact. Clearly BCash is not Bitcoin, but would like to be. There is a not-so-subtle campaign underway to achieve that goal...

The Bitcoin wallet provided by Bitcoin.com is defaulting to Bitcoin clone Bitcoin Cash (BCH) instead of Bitcoin (BTC). Users sending Bitcoins to a BCH address could potentially lose their coins. The controversy was brought to light on a posting on Reddit’s /r/Bitcoin, where one user claimed that the Bitcoin.com wallet defaulting to a BCH wallet is a “scam”. The move is certainly confusing, as the Bitcoin.com wallet which defaults to Bitcoin Cash is called a Bitcoin wallet and not a Bitcoin Cash wallet.