Bitcoin (BTC) is currently in the process of revisiting its recently established 2020 highs of $9,550, with its ongoing upsurge coming close on the heels of yesterday evening’s selloff that led the crypto to dip as low as $9,200.Bull’s ability to post a strong defense of this level suggests that the cryptocurrency could be on…
Bitcoin traded to a new 2020 high at $9,575 and recently corrected lower against the US Dollar. It seems like a head and shoulder pattern is forming, which could drag BTC towards $8,800.After a steady rise, bitcoin price struggled to gain momentum above $9,500 against the US Dollar.The price is currently declining and it could…
Like it or not, XRP hasn’t fared too well over the past few years. Since its blow-off top in January of 2018, during which the cryptocurrency traded above $3.00, the price of XRP has crashed, falling to $0.24 where it is now and as low as $0.17. That represents an over 90% drop from the…
It is February 1 and bitcoin is up by a modest 0.52 percent.The benchmark cryptocurrency left an impressive month behind in January, returning 30.27 percent in profits against an otherwise gloomy global market outlook. The wild move upside marked bitcoin’s best January close in seven years, convincing traders that the gains could grow further heading…
At the start of 2018, everyone thought Bitcoin was going to the moon, so to speak. 2017 saw the price of BTC surge by thousands of percent, boosted by retail inflows which itself was caused by the hype around altcoins like Ethereum.Thus, when Bitcoin began to rapidly tumble in the months that followed January 2018,…
Bitcoin had an amazing past decade by every definition of the word. The price of the cryptocurrency surged by literal millions of percent since its birth in 2009, some of the world’s most important people — Elon Musk included(!) — gave a nod to the cryptocurrency, and the broader industry began a mainstream technological trend.Related…
After facing a constant stream of buying pressure that led Bitcoin’s price to climb as high as $9,550, BTC faced a large influx of overnight selling pressure that sent it reeling down to lows of $9,200 before it found some support.The sharp decline from $9,550 does make this 2020 high look like a local top…
Last year’s most successful investments in the crypto market are strangely lagging behind the year’s top-performing altcoins thus far.Is this a sign of things to come, or are oversold assets simply correcting more powerfully than assets that have had less overall drawdown?Bitcoin and Exchange Tokens Lag Behind Altcoins in 20202019 was the year of the…
It might not be a good idea to purchase bitcoin as an insurance asset against this year’s nailbiting US presidential election.That is according to a new study that doubts bitcoin’s credential as a safe-haven asset against a mounting political uncertainty. Author Tobias Burggraf, a research assistant at WHU Otto Beisheim School of Management, found that the cryptocurrency’s…
Bitcoin has undoubtedly been on a tear over the past 45 or so days. Since hitting $6,400 in December, BTC has surged by almost 50%, hitting a local high of $9,550 on Thursday.According to Mike Novogratz — a Wall Street name who used to be a partner at Goldman Sachs and now heads crypto fund…