For the umpteenth weekend in a row, the cryptocurrency market has rallied. On Sunday morning, Bitcoin (BTC) shot up by some 3%, with the asset breaking past a short-term resistance level. Despite this occurrence, which most analysts see as a signal that the ball is clearly in the bulls’ court, there have been some that…
There was a sharp decline in bitcoin price after it spiked above the $9,000 level against the US Dollar. The price declined below the $8,600 support and tested the key $8,000 support area. There was a break below a major bullish trend line with support near $8,540 on the 4-hours chart of the BTC/USD pair…
Despite facing some instability earlier this week, Bitcoin has been able to post a decent recovery from its recent lows and appears to be consolidating before it makes another large price movement. Analysts are now noting that Bitcoin has posted its best monthly close since 2017, which may support the notion that BTC is currently…
Another week, another round of Crypto Tidbits. Bitcoin (BTC) has seen a crazy week of price action. On Sunday, just after we published our last edition of this weekly update, BTC shot up to $8,800, breaking out of a triangle formation that had bulls’ downfall for the better part of three weeks. While the bullish…
The S&P 500 stock market has delivered its worst May performance in seven years after falling 6.6 percent. And Mark Yusko of Mogan Creek Capital believes that it is about head further lower this year. The chief executive officer and one of the world’s most renowned fund managers told CNBC that S&P has been in…
The amount of bitcoin deposited with UK-based asset brokerage company eToro is rising dramatically. The firm’s chief market analyst, Mati Greenspan, said on Wednesday that they witnessed a 13 percent surge in bitcoin holdings at their proprietary custodianship. The deposits jumped particularly between May 4 and May 18, the period which saw bitcoin price appreciating…
For the time being, Bitcoin (BTC) has stabilized, finding itself trading in no man’s land around $8,500 over the past day. If the cryptocurrency begins to make a move on $8,700, however, analysts are sure that things will start to heat up once again, giving BTC the momentum to push higher in yet another massive…
Bitcoin price declined heavily and tested the $8,000 support area against the US Dollar. The price recovered nicely and traded above the $8,300 and $8,450 resistance levels. There is a rising channel forming with support near $8,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is facing a solid…
The Chief Information Security Officer at Coinbase, Philip Martin, has revealed that the firm has enabled its Coinbase and Coinbase Pro accounts to support securing Bitcoin and other crypto assets using U2F Security Keys – a safer, and somewhat ironclad alternative to SMS-based two-factor protection of accounts. With SIM-based hacks picking up in pace and…
The aggregated crypto markets have been incurring significant amounts of downwards pressure over the past couple of days as a result of Bitcoin’s inability to climb past $9,000. This has led Ethereum to face considerable selling pressure that has led its price to drop significantly from its recent highs. Despite this latest drop, it is…