Bitcoin bounced after Sunday’s steep declines, which had seen the cryptocurrency logging its worst daily performance since September 2019.The bitcoin-to-dollar exchange rate on Tuesday jumped 2.21 percent to establish a new intraday high at circa $8,094. The pair’s rebound, which appeared almost like a “dead cat bounce,” raised hopes for extended bull trend, with prominent…
Bitcoin is currently correcting higher from the $7,638 monthly low against the US Dollar. BTC price could correct higher towards the $8,200 resistance area, where the bears are likely to appear.Bitcoin is showing a few recovery signs above the $7,800 level against the US Dollar.The price is currently forming a rounding pattern, which could lead…
Bitcoin (BTC) and the aggregated cryptocurrency market have been moving in tandem with the global markets throughout the past couple of weeks, which has made the nascent asset class subjected to significant selling pressure.This close correlation has led many analysts and investors to deem the cryptocurrency’s classification as a safe-haven asset as nullified.In spite of…
The crypto market has been caught within an intense bout of volatility over the past several days and weeks, which has been led by Bitcoin’s capitulatory decline from recent highs of $10,500 to lows of $7,700 that were set today.This intense downtrend has led Bitcoin to a critical macro support level that could provide investors…
Bitcoin hasn’t done well in the past two days; since hitting $9,200 on Saturday, the cryptocurrency has plunged as low as $7,600, more than 17% lower than the weekend high, in a move that has liquidated over $200 million worth of BitMEX long positions in the process.The move undoubtedly caught traders off guard, hence the…
The Human Rights Foundation has just announced that it will be accepting Bitcoin donations via BTC Pay Server. Unlike other payment processing services, BTC Pay Server is an entirely open source project than can’t censor transactions.Previously, Bitcoin payment processing companies have been the subject of controversy. With a middleman facilitating transactions, using Bitcoin with such…
The price of bitcoin has crashed dramatically, losing more than 10 per cent of its value in the space of just a few hours. Several other cryptocurrencies also suffered heavy losses, including ether (ethereum), XRP (ripple) and bitcoin cash. The sudden drop comes after months of sustained price growth, which saw the cryptocurrency rise from…
The global markets have entered a full-fledged meltdown, with the major US stock indices all collapsing as Bitcoin (BTC) enters a firm downtrend that has so far led it to plummet into the $7,000 region.This global bearishness comes close on the heels of a bullish start to 2020, but the rapid spread of the lethal…
Bitcoin has long been referred to as digital gold, due to the crypto asset sharing many attributes as the precious metal that’s often used as a safe haven during economic distress.But with a recession looming, and fears mounting by the day amidst a global pandemic and stock market selloff, that digital gold narrative should be…
Bitcoin is down close to 10% and it broke the key $8,000 support against the US Dollar. BTC price is now vulnerable, but the $7,500 support area could spark a decent recovery in the near term.Bitcoin is declining heavily below the $8,200 and $8,000 support levels against the US Dollar.The price broke many key supports,…