This week, Bitcoin broke through key overhead resistance at $4,200 and rallied nearly $1,000 in a matter of an hour to over $5,000. The powerful rally may have signaled the end of the bear market that has been plaguing Bitcoin and altcoins for over a year, setting a higher high and capturing the attention of…
After 72 hours of nearly non-stop crypto hype, the market took a proverbial chill pill on Thursday, as buying pressure slightly subsided across the board. As a result of this, Bitcoin (BTC) fell from $5,300 to $4,800 as of the time of writing this, leading to a similar, if not more exaggerated collapse in other…
The best time to accumulate is when prices are low. Even though Bitcoin has had a huge rally this week the digital asset is still 75% down from its all-time high. Looking at previous accumulation periods may offer some insight into the current market situation. 200 Days of Accumulation Last time Bitcoin went through a…
Following the recent crypto market surge that led many cryptocurrencies to skyrocket, the markets have taken a breather and all major cryptocurrencies have dropped today, with Ethereum (ETH) and (XRP) both dropping over 7% as Bitcoin trades down just over 4%. Despite today’s drop, analysts don’t believe that the markets have lost all their momentum,…
Many of its proponents argue that the greatest impact Bitcoin will have on society will be in developing nations. The belief is that the current most popular permissionless and non-government-correlated asset will one day allow for those in emerging markets to access banking-like services to connect the billions around the world lacking them with a…
Following the recent bullish momentum experienced by the entire cryptocurrency markets that was driven by bullish Bitcoin (BTC) price action, the markets have now experienced a somewhat minor pullback that has led most cryptos to drop. Although the markets are currently taking a breather, one widely used indicator may signal that Bitcoin is ready to…
Ever-the-optimist when it comes to crypto, Tom Lee has stated that he thinks a fair price for Bitcoin is $14,000. He bases this opinion on the cost to mine a Bitcoin and what he considers a traditional markup on commodities. The managing partner and head of research at Fundstrat Global Advisors also stated that the…
Bitcoin prices register double digit gains and steady above $5,000 An analytical firm notes a spike in wallet active just before the spike. Heightened cryptocurrency wallet activity could have triggered recent price rally. Analytical firm says that only 10 percent of Bitcoin wallets were inactive in the last two weeks leading up to the price…
On the day Bitcoin price surged over $1,000, it also took the Baidu trend by storm. China’s top internet search engine saw ‘bitcoin’ emerging on the hottest new keyword list. A pointer system on the platform awarded the keyword 9715 points. The trend that came closest to that of bitcoin was almost four times behind at…
Last year, Charlie Lee, the creator of Litecoin, sold all his LTC holdings in a now-infamous move. While the crypto insider attributed this sudden move, which came as Bitcoin (BTC) effectively peaked, to a bid to avoid conflicts of interest, affirming that he believes in the cryptocurrency of his creation, many called for Litecoin to…