Crypto derivatives are now among the most common financial products on any cryptocurrency exchange or trading platform, thanks to increased interest among the trading community. Trading crypto derivatives has its own advantages as it allows users to mitigate volatility-associated risks and hedge against potential losses. There are various derivatives products that include Swaps, Futures, Forwards,…
Bitcoin price extended its rise above the $11,500 resistance against the US Dollar. BTC is correcting lower from $11,700, but it is likely to find support near the 100 hourly SMA. Bitcoin broke the key $11,500 resistance level and traded to a new weekly high at $11,724. The price is currently correcting lower below $11,500,…
Despite Bitcoin’s correlation to the stock market throughout the past several months, the cryptocurrency has been widely garnering adoption as a safe haven asset. Individuals and corporations have been turning to the cryptocurrency to protect against potentially imminent inflation due to rampant USD printing. Most recently, multi-billion-dollar tech giant Square announced that they had acquired…
Bitcoin price had fallen this morning sharply after a weekend rally to start off the new week. But after a sweep of lows around $11,175 this morning, the first-ever cryptocurrency rocketed higher to retest $11,500 where bulls are now attempting to hold strong. Here’s what to expect if Bitcoin price can remain above this key…
Bitcoin price surged above $11,000 and $11,200 against the US Dollar. BTC is now consolidating gains and it seems to be preparing for another rally above $11,500. Bitcoin is showing positive signs and it is trading nicely above the $11,200 support level. The price is facing a short-term resistance at $11,420, but it is above…
Bitcoin gained bullish momentum and rallied above the $11,000 resistance against the US Dollar. BTC is consolidating gains above $11,200 and it could extend its rise to $12,000. Bitcoin started a strong increase after it cleared the $10,950 and $11,000 resistance levels. The price is now trading well above $11,200 and the 100 simple moving…
Bitcoin’s price has been rallying higher throughout the past few days, with this newfound momentum largely stemming from the hype surrounding Square’s recent decision to purchase $50 million worth of BTC. This news was significant and helped boost investor confidence while also catalyzing a strong uptrend. BTC is now up nearly $1,000 from where it…
Bitcoin price blasted back above $11,000 in response to yesterday’s news that the Jack Dorsey-led Square Inc. had purchased 4,709 BTC to add to company reserves. Since the news broke about the payment firm’s innovative corporate investment – a growing trend now – the cryptocurrency has risen 4%, adding an enormous sum in ROI to…
Bitcoin just rocketed above $11,000 following the recent Square news, and DeFi tokens everywhere had a significant bounce. As well as Bitcoin has done, altcoins have outperformed the top crypto asset prompting another intraday fall in dominance. Interestingly, a deeper review of the DXY dollar currency index’s relationship with altcoins has uncovered a bizarre correlation…
As Bitcoin takes out $11,000 and potentially aims higher, renewed talk of the crypto asset’s next potential peak has returned to the market. Analysts do their best to do more than just speculate, backing up theories with fundamental statistics or technical signals to predict future prices. But could it all be based on mathematics that’s…