Bitcoin has seen some immense volatility throughout the past several days and weeks, with its multiple bids to break through the $10,000 region all proving to be unsuccessful as it continues hovering within the $9,000 region.The price action seen in the time following Bitcoin’s initial break above $10,000 a few weeks ago can largely be…
The Bitcoin halving has now passed, and crypto investors everywhere are gearing up for the next bull market.According to a chartered market technician, a new uptrend forming isn’t just speculation and hype. The analyst claims while it may not happen “overnight” another leg up and a “strong uptrend period” will soon occur in Bitcoin.When Will…
Another week, another round of Crypto Tidbits. Bitcoin has seen quite the tumultuous week,The cryptocurrency started off the week with a bang, collapsing from ~$9,700, the weekly open price, to a low of $8,100, in a dramatic sell-off that liquidated over $200 million worth of long positions on BitMEX and hundreds of millions of more on…
Bitcoin saw a sharp decline today that led it down to lows of $9,200 before it rebounded back into the mid-$9,000 region. This price action made the cryptocurrency vulnerable to seeing further downside in the days and hours ahead.It is important to note that buyer aggressively confronted this dip with buying pressure, confirming that it…
It’s been a day of celebrities mentioning Bitcoin.After J.K. Rowling — the billionaire author of the “Harry Potter” book series asked Crypto Twitter to explain to her what Bitcoin is — Elon Musk joined in on the fun, publicly commenting on the leading cryptocurrency for the fourth time in a matter of months. Elon Musk: I…
Bitcoin has been consolidating in the time following its latest rejection at $10,000. This comes as the crypto’s mid-term market structure shows immense signs of strength, although in the short-term it does appear to be in a precarious position.In spite of this, analysts are now widely flipping long on Bitcoin, citing a price divergence and…
The tight correlation between Bitcoin and the stock market has been deteriorating in recent days. And following the latest price action, the correlation may finally be over and Bitcoin can break free from the shackles of the S&P 500.Bitcoin Correlation With S&P 500 Finally Diverges Thanks to HalvingBitcoin price was trading well above $10,000 in…
In a first for the country, an Australian woman has been charged with illegally operating an unregistered Bitcoin exchange.She further stands accused of using the cryptocurrency “exchange” to launder over 326 BTC transacted since 2017.Australian Woman Accused of Money Laundering Through Illegal Bitcoin ExchangeAn unidentified woman has been charged with what is said to be…
After what seemed like endless hype, the Bitcoin halving came and went this week. And as expected, with the cut in revenue each halving brings, miners have been dropping like flies.Crypto analyst and founder of Quantum Economics, Mati Greenspan noted that the Bitcoin hash rate tanked by as much as 36%, post halving. But, despite…
Bitcoin traded as high as $9,950 and recently started a downside correction against the US Dollar. BTC price is likely to remains well supported above $9,000 and it could continue higher.Bitcoin is currently correcting lower from the $9,950 and $10,000 resistance levels.The price is still trading well above the $9,200 support and the 100 hourly…