After correcting towards the $10,400 support, bitcoin price recovered above $11,000 against the US Dollar. The price broke the $11,800 resistance, but it faced a strong resistance near the $12,400 level. There was a break below an ascending channel with support near $11,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).…
The number one and two crypto assets by market capitalisation are currently trading at a large premium across South Korean exchanges. Bitcoin is selling close to $800 more than the rest of the world and Ether at around $20 higher. Normally, when such a premium appears, traders are quick to arbitrage out the price difference.…
All this week, Bitcoin price action has been heating up, bringing traders the most volatility seen since the last bull run. The price of the leading crypto asset by market cap violently bounced back and forth between $10,500 and $13,000 for much of yesterday after it was rejected at overhead resistance at $14,000. These movements…
Space might be the final frontier, but it also might end up being the final showdown between crypto asset Bitcoin and the precious metal and chemical element known as gold. In a wild story that sounds like it was ripped from the pages of science fiction novels, NASA is planning a space mission to an…
Bitcoin has once again been caught in the throes of massive volatility, experiencing a parabolic price surge yesterday before plunging over 20%. This price action has led many investors to quickly flip bearish on BTC, but a bullish response to its latest drop could lead it significantly higher. Analysts are now noting that Bitcoin is…
Bitcoin has been incurring significant volatility over the past few days, which is, in many ways, emblematic of the improving market conditions, as BTC surged from year-to-date lows of below $4,000 to recent highs of nearly $14,000. Now, analysts are noting that the Fed’s recent dovish stance regarding the economy is what sparked the latest…
Believe it or not, China was once the de-facto capital of Bitcoin (BTC). The nation, after all, spawned Bitmain and many early crypto asset investors, presumably due to the culture of risk, speculation, and technological development. Related Reading: China Banned Everything Bitcoin, Video Games Seem To Be Next But, ever since the ban on cryptocurrency…
Goldman Sachs Group is interested in exploring the possibilities of launching a crypto asset like bitcoin, according to the bank’s chief executive officer David Solomon. The prominent investment banker told France’s Les Echos newspaper that Goldman is conducting thorough research on tokenization, the method of digitizing currencies or assets to enable their smooth transfer over…
After setting a new 2019 high near $11,800, bitcoin price declined sharply against the US Dollar. The price declined below the key $13,200 and $12,000 supports to trim most gains. There is a connecting bearish trend line forming with resistance at $11,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…
After incurring a massive influx of buying pressure that sent Bitcoin (BTC) to nearly $14,000 yesterday, the cryptocurrency has plummeted lower and is now struggling to find support in the upper-$10,000 region. This massive volatility has led many investors to question whether or not $13,800 was a long-term top for BTC, but analysts are now…