Bitcoin started 2020 in fine form. The BTC price opened the year at around $7,185 and, at the time of writing, sits just shy of $8,900.With the leading crypto asset posting consistent gains so far this year, a sense of bullishness has returned to the industry. The quadrennial Bitcoin halving and its potential impact on…
The short-term bull market that Bitcoin has been caught within over the past couple of weeks has completely altered the sentiment amongst cryptocurrency investors for the better and has led to a strong sense of vitality amongst BTC bulls.The impacts of this 2020 uptrend have stretched beyond just shifting investor sentiment, as it also appears…
Over the years people have made some pretty spectacular price predictions for Bitcoin and other crypto assets. They range from the rampantly bullish to the suspiciously pessimistic.Do such price forecasts benefit the crypto industry? Do they help to spread awareness about Bitcoin or simply serve as bait for gullible investors?Bitcoin Price Predictions are Harmless Enough,…
The cryptocurrency community is currently exploding with exuberance, as Bitcoin may have broken out from its recent downtrend into a full-blown reversal, and the rest of the crypto space has seen altcoins going on hundred percent rallies reviving talk of a bull run once again.However, there are a number of similarities between the current rally…
Since Bitcoin (BTC) hit $20,000 for the first time in December 2017, analysts have been wondering when the cryptocurrency will break its next big price milestone next. The closest round-number milestone from $20,000 is arguably $40,000 or $50,000.Related Reading: Watch Out, This New Bitcoin Scam Is All Over YoutubeWhile $50,000 is 450% higher than the current…
After two days of crypto market consolidation in the high-$8,000s, Bitcoin (BTC) just broke 3% higher from the $8,700 range equilibrium to tap the key $9,000 psychological and technical resistance on Binance and other top exchanges for the first time in just over two months.Since hitting $9,000, the crypto asset has paused, retracing to $8,950…
Despite successful shows of force from CME Group and Bakkt’s Bitcoin options offerings, the majority of volume still goes through Deribit. This squashes fears that the new offerings would be in direct competition with the European firm, and highlights the fact that non-institutional investors seem to prefer unregulated exchanges.CME Group’s LaunchCME successfully launched Bitcoin options…
Bitcoin has been holding steady around the $8,700 region after facing an influx of selling pressure that forced it to lose its previously held position within the $8,800 region. Data suggests that this selling pressure was quite massive, despite BTC only seeing slight losses.Bull’s ability to absorb the majority of this selling pressure may be…
Bitcoin has begun showing some signs of topping out as the crypto inches lower from its previous consolidation region around $8,800. BTC’s move towards $8,600 has led some analysts to believe that its recent highs of $8,900 will mark a mid-term top.One valuable indicator that often offers significant insight into future trends is now suggesting…
Negative sentiment surrounding the crypto market has done significant damage to Ethereum’s reputation. It’s become a common thread across the crypto community to question Ethereum’s use case, and ask the question “who exactly is building on Ethereum, anyway?”The most frequent response is to point to the altcoin’s biggest backers, The Ethereum Foundation and Consensys. However,…