Bitcoin price may be trading as much as 40% lower than it was at the start of they year, but the low prices are causing significantly more buy pressure in the cryptocurrency market than the massive early 2020 rally that took the asset to over $10,000.Remembering Bitcoin’s Rally in Early 20202017 was all about Bitcoin’s…
After plunging towards $6,200 after the monthly candle close, Bitcoin has rallied hard, gaining 5% in the past two hours alone ahead of the daily close arriving in approximately 90 minutes. As of the time of writing this article, the cryptocurrency sits at $6,575, just a smidgen shy from $6,600.What are analysts thinking about this…
Since NewsBTC’s last market update, Bitcoin has continued to rip higher, recently hitting $6,750. With this, the cryptocurrency is up nearly 9% from the daily lows around $6,200, and up over 16% from the weekend lows at $5,800.Although not on the same magnitude, many have likened Bitcoin’s recent price action to the 25% surge seen…
Bitcoin price had one of its most volatile months yet, resulting in a massive, $6,000 long “Darth Maul” candle on the three-month price chart.But what does this rare and explosive candlestick pattern typically indicate, and what could this mean for Bitcoin price in the future?First Quarter 2020 in Crypto Closes Out More Volatile Three Months…
Since the monthly close that transpired at the turn of the month (UTC), Bitcoin has tanked, falling 4% from the $6,500 price where it spent most of the past few hours to a low just above $6,250.The move lower began just eight minutes after the monthly candle closed, potentially suggesting that market players were intending…
In just over 120 minutes as of the time of this article’s publishing, Bitcoin’s one-month and three-month candles will close. A number of analysts have remarked that the upcoming close will be crucial for the crypto market’s directionality moving forward.Related Reading: This Key Metric Suggests the Crypto Market’s Downturn Will Be ShortlivedLevels to Watch ForAccording…
After Bitcoin price fell from $10,000 to under $4,000 in one short month, the ultra bearish, panic-induced price action has finally settled into a neutral state.However, if bulls can break above this key level and hold it as support, the price action will flip bullish and likely go on to target $7,800.Neutral Price Action Ready…
In the past 20 minutes, Bitcoin has traded above $6,500, marking a rapid 12% gain from the $5,800 bottom seen on Sunday evening (UTC).Due to this move, the BitMEX funding rate on the Bitcoin (XBT) contract surged by 990%, according to data from Joe McCann, a cryptocurrency trader and AI/cloud specialist at Microsoft. According to…
If you’ve been on Crypto Twitter at all over the past few months, you’ve likely noticed multiple tweets like the one seen below; stablecoin companies, from Tether to Circle and Paxos, are issuing tens of millions of dollars worth of these digital assets day after day.💵 💵 10,000,000 #USDC (10,000,000 USD) minted at USDC TreasuryTx:…
Bitcoin hasn’t done too well over the past few hours. As reported by this outlet previously, the cryptocurrency just tumbled under $6,000 just hours ago, falling under this key psychological level for the first time in a week.Related Reading: Crypto Tidbits: Bitcoin Holds $6,000s, Federal Reserve To Do “QE Infinity,” U.S. Digital Dollar ProposedThe cryptocurrency…