Another week, another round of Crypto Tidbits. If you look at the below chart, it may seem like Bitcoin had a subdued week in terms of price action; however, the past few days for this budding market has been filled with ups and downs, like the surge to $10,600, then the subsequent strong retracement to $9,700…
At long last, after weeks upon weeks of increasing prices, Bitcoin saw a strong correction on Saturday. Per previous reports from NewsBTC, Saturday morning saw the price of the leading cryptocurrency tank from $10,400 to a low of $9,700 (on some exchanges), a drop of nearly 7% in a few hours’ time.Despite this brutal crash,…
Bitcoin bulls were surprised to wake up to a massive early-morning drop that sent the cryptocurrency reeling down to lows of $9,700, which is where BTC was able to find some support that helped it climb higher.It is important to note that this bearish price action may have invalidated the crypto’s midterm uptrend, due to…
Bitcoin has already had an explosive start to 2020, but the rocket ship is only just getting started with the cryptocurrency’s halving just “around the corner.”According to historical data, Bitcoin could rise to as high as $18,000 ahead of the halving, and with the probability of a new all-time high rising by the month, any…
Bitcoin whales holding about 100-1,000 units of the cryptocurrency have started accumulating more of it, says crypto trading platform Kraken.In a report published Friday, the US exchange noted a stagnant growth in the number of whale addresses effectively from January 3, 2020. The month saw 10-100 BTC holders increasing their exposure to bitcoin. Nevertheless, people…
The US Marshals Service is preparing to auction around 4,000 of seized BTC (+$40 million). Previous sales have coincided with an aggressive down wick on Bitcoin price charts.The sale will take place on February 18. There may, therefore, be an opportunity coming up to get exposure to Bitcoin cheap next week, even if you didn’t…
Since the middle of December, Bitcoin has been on an absolute tear higher, rallying from $6,400 to $10,550 earlier this week, per data from TradingView. This marks a surge of over 60%, meaning that the cryptocurrency outpaced a majority of other multi-billion-dollar assets save for Ethereum, XRP, and Tesla.This strong surge comes shortly after cryptocurrency…
The crypto market has been caught within a firm uptrend throughout the past six weeks, with its cumulative rally being fueled by steady gains seen by Bitcoin, coupled with parabolic gains seen by many major altcoins.Examples of this can be seen while looking at major cryptocurrencies like Tezos and Ethereum, which have both seen massive…
Could the coronavirus be helping to drive the current price rally in Bitcoin? The CEO of InvestorsHub.com certainly thinks so.Clem Chambers makes the case that the virus’s outbreak has made safe haven assets more desirable. For him, Bitcoin trumps gold thanks to its portability and convertibility.Is Virus Behind BTC’s 2020 Gains?The notion of Bitcoin as…
XRP, the native crypto token of the Ripple protocol, was one of the worst-performing altcoins of the last year due to a powerful bear trend the asset just couldn’t break free from.But that 680-day bear trend was just broken, suggesting that a ripple-effect could trigger an epic recovery rally in XRP in the days ahead.XRP…