Bitcoin falls below $4000

The corrective phase: Bitcoin price falls below $4,000
15 August 2017   2987

Bitcoin price falls below $4,000 losing over 10% in value after reaching a new all-time record high above $4,400. At the time of writing, the price is around $3970.

Bitcoin price chart on coinmarketcap.com Bitcoin price chart on coinmarketcap.com

As the data from the Bitstamp Price Index shows, Bitcoin price reached $4,400 during the early hours of Tuesday around 02:00 AM (GMT). Then, the trading period over the day saw Bitcoin’s value slip back toward $4,200 around 07:00. A sharp drop at 11:00 resulted in Bitcoin price dipping to $3,925.

Data on Bitcoin price from the Bitstamp Price Index Data on Bitcoin price from the Bitstamp Price Index

As Sheba Jafari, Goldman Sachs' chart analyst, claims, Bitcoin is riding a “fifth wave", so this rapid price fall must be the correction phase after which, according to the predictions, the price may drop to about $2,000.

Casa to Launch Lightning Node Mobile App Called Sats

Casa to Launch Sats App With Lightning Network Support
04 July 2019   932

Casa startup, specializing in the creation of secure storage systems for private keys, introduced a mobile bitcoin application Sats App, which makes it easy to manage Lightning-node.

Sats App is positioned as a non-custodial bitcoin wallet "with unique functions." According to Casa CEO Jeremy Welch, the SatsBack reward program will soon be launched, under which users will receive small amounts in BTC. For example, for connecting an application and a Casa Node device to each other, the user will receive 20,000 Satoshi.

Features are focused on increasing adoption of bitcoin and lightning nodes. You will be able to earn bitcoin if you don’t have a Casa node, but you will be able to earn bitcoin faster if you have a node.
 

Jeremy Welch 

CEO, Casa

He also added that the application, available for iOS and Android, is “secure, private and connects via Tor”.

According to CoinDesk, the startup earlier raised $ 3.5 million from Castle Island Ventures, Boost VC and Compound, and several other investors. Currently, a startup staff of 25 people serves users from 60 countries.