Many wrote off Chinese president Xi Jinping’s recent endorsement of blockchain as non-beneficial for Bitcoin and other cryptocurrencies. But this is quickly proving itself to not be true. For those who missed the memo, a quick interlude. On Friday, Chinese state media outlet Xinhua revealed that China’s leader had called for the adoption of blockchain…
Bitcoin (BTC) bulls have started to push the cryptocurrency markets into the weekly close, which is set to take place around four hours after this article is published. As of the time of writing this, the leading cryptocurrency is trading for $9,700 — up some 10% from Saturday’s low of $8,900. Altcoins have largely followed…
Bitcoin (BTC) has been on a wild ride over the past several days and weeks, as it has been able to post a meteoric rally from its recent lows of $7,300, which may signal that its recent lows are a long-term bottom that will be followed by significantly further gains. One prominent analyst is now…
Bitcoin saw a gargantuan move on Friday and Saturday. Within an 18-odd hour time span, the leading cryptocurrency traded within a $3,300 range and printed a daily gain of 42% at the local peak of $10,500. Related Reading: Bitcoin Trending On Google Next To Call of Duty, Kanye West, and Rudy Giuliani Despite this undeniably…
There was a strong rise in bitcoin price from above $8,000 and $9,000 against the US Dollar. The price even spiked above the $10,000 resistance, but it failed to hold gains and declined. There is a short term bullish trend line forming with support near $9,080 on the 4-hours chart of the BTC/USD pair (data…
Bitcoin (BTC) has been on a record-setting rally over the past 36 hours. In around the span of some 18 hours, the leading cryptocurrency shot higher by some 42%, rallying from $7,300 to $10,500 and liquidating $400 million worth of leveraged BitMEX positions in the process. According to an analysis by macro researcher Alex Kruger,…
Bitcoin has seen an absolute whirlwind of the past 48 hours. As you likely know, the leading cryptocurrency has traded within a massive $3,300 price range as crypto markets have incurred their latest bout of volatility after weeks of lull. At its local peak, Bitcoin was trading for $10,500; now, BTC is changing hands for…
Yesterday, a powerful move in Bitcoin markets has everyone talking, causing a surge in interest in the cryptocurrency. Bitcoin is even trending on Google alongside some massively popular terms such as Call of Duty and Kanye West. With Bitcoin trending on Google next to some popular search terms, and after one of the largest one-day…
The Bitcoin price has seen a crazy past 36 to 48 hours. After tumbling to as low as $7,300 in the middle of this week for seemingly no reason, BTC shot higher on Friday and Saturday, blowing the socks of traders the industry over. In fact, $400 million worth of BitMEX long and short positions…
Over the past few months, Bitcoin (BTC) has been lauded by economists, investors, and commentators as an up-and-coming “safe haven” asset. However, it seems that the cryptocurrency is still at least macro and tangentially correlated with traditional equities. In fact, on the day that U.S. stock indices, namely the S&P 500, approached and effectively tapped its…