The crypto markets have followed Bitcoin’s lead and spiraled downwards over the past day, with many major altcoins facing significant levels of selling pressure that have sent most of them down 5% or more. Today’s drop has led the crypto markets to shed nearly $20 billion from its weekly highs, sending the overall crypto market…
Bitcoin prices accumulate above $5,100 Transparency translating to confidence, Bitcoin on the path to $50,000 The transparent nature and increasing oversight on Bitcoin-related transactions mean it hard to launder money via the network. That’s unlike traditional systems where banks now have to fire employees and shoulder heavy fines after flouting AML and KYC rules. It…
Bottom this, bottom that. At long last, prominent crypto analysts across the board are convinced that Bitcoin (BTC) has finally bottomed in this cycle, and will not see fresh lows for years, if at all. While this may sound like wanton wishless thinking, a strong case has been made for this theory. In fact, the…
Bitcoin price climbed further higher and broke the $5,400 resistance level against the US Dollar. The price traded to a new multi-month high at $5,461 before correcting lower sharply. This week’s followed important ascending channel was breached with support at $5,240 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair…
Bitcoin has been able to continue inching higher after dropping below $5,200 earlier today, and is now approaching $5,300, which appears to be a slight level of resistance for the cryptocurrency. BTC’s upwards ascent has continued to allow many major altcoins to surge, with many cryptos trading up over 2% today. Although Bitcoin’s price is…
The crypto markets appear to have found some stability at their current prices, as many altcoins have been able to continue climbing higher while Bitcoin further solidifies its footing at just under $5,300. The market’s recent price action has been widely viewed as being bullish by analysts and traders alike – many of whom believe…
The CEO and co-founder of blockchain-based identity platform Civic (CVC) has stated that he does not think the crypto bear market is over just yet. Vinny Lingham Tweeted that any upward surges are ultimately unsustainable until Bitcoin price can move independently of the other digital coins. Lingham’s opinions stand in stark contrast to many analysts…
Crypto bulls have been dominating the price action as of late, with many altcoins posting 100% or more gains since they reached their bear market bottoms. It’s caused many traders and analysts to agree that an alt season has been upon us. However, a massive Bitcoin rally halted alt season in its tracks, but it’s…
Cryptocurrency and stock price movements do not correlate with each other, indicated the latest Federal Reserve Economic Data (FRED). The data pitted S&P 500 index performance against the cryptocurrency index managed by US-based Coinbase crypto exchange platform. The results were some interesting shaky lines – often going in the same but mostly in the opposite…
Arithmetic researchers Willy Woo and David Puell might have pulled off methods to realize bitcoin price bottoms. In their latest tweetstorm, the cryptocurrency analysts shared two experiments after analyzing the bitcoin’s price action relationship with a time-value relating to how long an investor held their coins. Woo’s experiment was about finding Cumulative Value-days Destroyed (CVDD),…