Bitcoin and the aggregated crypto markets have been facing increased volatility as of late, and following a sharp move towards $11,000 yesterday, BTC has been unable to garner any significant buying pressure and has been drifting lower. Analysts are now noting that Bitcoin’s bears are ramping up the selling pressure, which could result in a…
Despite the fact that Bitcoin is the leading crypto, altcoins — the blanket term given to cryptocurrencies that aren’t BTC — were all the rage in late-2017 and early-2018. In fact, over the course of the bull run from 2016 to early-2018, Bitcoin dominance fell from over 90% to 33% at the bottom. This so-called…
Bitcoin and the entire cryptocurrency markets have incurred a severe bout of volatility over the past several weeks and months, which has primarily been in favor of the cryptocurrency’s bulls. Lately, Silver has also been incurring some positive price action, and one analyst believes that this has largely been driven by investors increasingly viewing Bitcoin…
At long last, Bitcoin (BTC) has entered the mainstream discourse. Despite it still trading $9,000 shy of its $20,000 all-time high, established in late-2017 on the back of retail hype, the cryptocurrency has become a trendy topic. So trendy, in fact, that American leader Donald Trump decided to comment on Bitcoin and its ilk in…
It was recently revealed that the US Commodity Futures and Trade Commission was beginning a month long investigation of the BitMEX crypto exchange over its high leverage Bitcoin trading options and the legality of allowing US citizens to access the platform. Bitcoin Trading Down on BitMEX Bloomberg originally broke the story that the US exchange…
There was a solid upside correction initiated from the $9,100 swing low against the US Dollar. The price gained traction after it broke the key $10,000 resistance area and traded towards $11,250. There was a break above a major bearish trend line with resistance at $10,400 on the 4-hours chart of the BTC/USD pair (data…
In the coming week, Bakkt is expected to test-launch its Bitcoin (BTC) futures product. While many have begun to doubt its viability as a medium for institutional adoption, especially due to the countless delays it faced, this may not be the case. Related Reading: BitMEX May Be the First Target of the U.S.; Which Crypto…
Another week, another round of Crypto Tidbits. As is seemingly the norm, Bitcoin saw a tumultuous week, trading from everywhere from $9,100 to around $11,000. Per the time of writing this article, the dust has somewhat settled, with BTC around the $10,500 region for at least the past 18 hours. Cryptocurrency prices are lower than…
Bitcoin (BTC) consolidating below $11,200 Iranians turning to Bitcoin Despite deliberate attacks from politicians, Bitcoin as an innovation is an “unstoppable force”. Fearing the unknown, they are unknowingly marketing BTC as an alternative. For now, BTC is steady, but bears are firmly in control. Bitcoin Price Analysis Fundamentals Cryptocurrency investors and traders are in the…
Bitcoin price rallied recently above the $10,000 and $10,200 resistance levels against the US Dollar. The price climbed towards the $10,800 resistance and recently started consolidating gains. There is a contracting triangle forming with resistance near $10,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could accelerate towards $11,000…