Bitcoin’s price spike, which briefly exceeded $44,500 Tuesday afternoon, is now easing. BTC has retreated to roughly $43,912 on Wednesday, but is still up nearly $10,000 in the last five days and is on the verge of reclaiming January levels. Bitcoin price rose more than 5% Monday as markets processed new developments in Russia’s invasion…
With the price of Bitcoin climbing again, it’s not surprising that other cryptocurrencies are jumping too. As an investment vehicle and possible way around sanctions in Russia or elsewhere-this could be very interesting. This week, the cryptocurrency has been on an unstoppable rise, with prices climbing 8% in NY trading hours and over 20% in…
Bitcoin spiked to test the $45,000 resistance against the US Dollar. BTC is consolidating gains and might correct lower towards $43,000 in the near term. Bitcoin extended increase and traded close to the $45,000 resistance zone. The price is trading above $44,000 and the 100 hourly simple moving average. There is a key contracting triangle…
Bitcoin recorded its largest single-day pump in a year as the Russian ruble tanked 20% in its value against the dollar amidst worldwide economic sanctions imposed in the country after their attack on Ukraine. Sanctions Pump Bitcoin The most influential countries in the world have imposed penalties on Russia aiming for its economic collapse to…
Bitcoin has surprised the market with its recent surge. The digital asset which has been struggling below $40,000 for the past week made a break for it with an incredible rally that saw its peak above $44,000. It took the market by surprise and no doubt the traders as liquidations have been the order of…
On-chain data suggests Bitcoin buyers who entered at the top may have already capitulated. Last time such a trend happened was back in July 2021, following which a new bull rally occurred. Lackluster Bitcoin Sell-Off Recently May Suggest Top Buyers Have Already Capitulated As per the latest weekly report from Glassnode, there hasn’t been any…
Bitcoin has been rallying during the past 24-hours as the situation in Ukraine turns for the worst. The Russian Federation continues its attack on the Ukrainian territory. As the conflict ranges on, other macro factors playing against Bitcoin could be mitigated, at least, for the short term. Related Reading | Russia Can’t Rely On Crypto…
Bitcoin has broken above $44,000 once again. After a couple of weeks of low momentum, bitcoin has been able to begin another recovery trend that has seen it add over $4,000 to its price in the last day. Its landing point has been above $43,000, finding its footing at this level, which has put it…
According to figures from Coinbase and Coindesk, cryptocurrency values have risen nearly as swiftly as they fell, with some analysts referring to Bitcoin’s capacity to act as a safe haven asset during times of global turmoil. The cryptocurrency market cap reached $1.7 trillion today, indicating that the broader crypto industry has rebounded nicely. Bitcoin is…
The China bitcoin mining ban that took place mid-last year was no doubt a heavy blow to the space. It saw the hash rate from the region which was once termed the mining capital of the world crumble to almost zero as miners had to shut down their operations. The reason for this from the…