Bitcoin has recently been picking up steam, stealing some of the capital and thunder from the DeFi trend and Ethereum. XRP, however, continues to lag behind both top crypto assets and linger sideways. According to the Bitcoin trading pair, however, Ripple could soon rip against the leading cryptocurrency by market cap and catch up against…
According to the researchers at Glassnode, OKEx holds $2.3 billion worth of Bitcoin. The report comes after the exchange temporarily suspended withdrawals on October 16. In a public statement, OKEx said that one of the persons holding a private key to the exchange’s wallet is cooperating with investigators. The statement reads: “One of our private…
Bitcoin (BTC) dropped lower on Thursday, with dimming stimulus hopes and a resurgence in the coronavirus cases in the US and Europe casting doubts over the global economic recovery. The BTC/USD exchange rate established an intraday low at $11,263 as of around 0900 UTC, suggesting that it could correct further lower in the US trading…
Bitcoin price is consolidating in a range below the $11,500 resistance against the US Dollar. BTC could start a substantial decline if it breaks the $11,230 support zone. Bitcoin is struggling to gain traction above the $11,500 and $11,520 resistance levels. The price is currently trading below $10,400 support and the 100 hourly simple moving…
From a fundamental perspective, Bitcoin has never been stronger. The benchmark cryptocurrency has evolved from being a speculative asset to a reserve asset that is being widely adopted by retail investors, funds, institutions, and corporations alike. Its mounting strength in terms of its perception from investors has also taken place concurrently with mounting on-chain bullishness,…
The Bitcoin market cap is hovering at roughly $211 billion currently, but four years earlier, it was a meager $6.8 billion. This figure matches the BTC supply public companies now hold alone, and it could provide the “writing on the wall” regarding what to expect in terms of the asset’s future growth. Bitcoin Matures Into…
Bitcoin price is experiencing a surge of intraday volatility, rocketing $150 in minutes then collapsing more than $250 just moments later. Here’s what is going on in the top-ranked cryptocurrency and what to watch for as price action to develops. Triangle False Breakout Rejects Bulls Back Below Resistance At $11,500 Bitcoin’s notorious volatility is back…
Just a day before Bitcoin breached $11,500, a psychological resistance level, the cryptocurrency painted one of the strongest bullish signals of its eleven-year history as a financial asset. On October 11, BTC/USD formed a leading ‘Golden Cross‘ on its daily chart. The pattern emerges when the pair’s short-term moving average jumps above its long-term moving…
Bitcoin price is still struggling to gain bullish momentum above $11,500 against the US Dollar. BTC could start a major downside correction if it breaks $11,200 and the 100 hourly SMA. Bitcoin is struggling to settle above the $11,500 and $11,520 resistance levels. The price is currently trading just above the $10,400 support and the…
Ethereum, aside from Chainlink, is the best performing cryptocurrency in the top ten by market cap. The top-ranked altcoin has had enjoyed a substantial rebound from bear market lows and surged all throughout 2020 on the heels of the DeFi trend. But despite the greater crypto market recovery, one crypto analyst sees a bearish Elliott…