Although the cryptocurrency markets have found some levels of support and stability around their current prices, many investors and analysts alike are looking towards future events that could potentially lead to a Bitcoin (BTC) price surge. Now, analysts are speculating that anticipation for Bitcoin’s upcoming “halving” event could lead its price to surge. Analyst: Bitcoin…
Fundstrat Global Advisors co-founder Tom Lee appeared on Fox News earlier today to talk to talk about traditional markets and cryptocurrency. It was not long before his famous “$25,000 by the end of 2018” Bitcoin price prediction was brought into question. Lee blamed the proliferation of the ICO fund-raising technique for the inaccuracy in his…
Bitcoin price stagnant in a $300 range Charles Hoskinson says crypto will retest 2017 peaks in 11 years Transactional volumes low, average 12k thus consolidation According to Hoskinson, the crypto market is far from mature. In that case, he expects assets like Bitcoin to retest 2017 highs in the next 11 years. Even so, there…
Another day, another price prediction. They are coming thick and fast at the moment as analysts and industry observers scramble to predict where the bottom will be. Some are more optimistic than others, but it is to be expected that JP Morgan is firmly on the pessimistic side of the fence. JP Morgan Predicts More…
Bitcoin price traded higher and broke the $3,550 resistance level against the US Dollar. There is a connecting bullish trend line formed with support at $3,545 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is showing positive signs above the $3,545 level, but it must break the $3,585 resistance.…
The past year has been long and difficult for everyone involved in the cryptocurrency industry, and the markets are now reaching a point that will mark the longest ever Bitcoin (BTC) price correction in the cryptocurrency’s wild, albeit brief, history. For investors who have been riding the markets ever since Bitcoin hit nearly $20,000 in…
The much anticipated Bakkt platform by the Intercontinental Exchange has today announced further details about its Bitcoin Futures product that was due to launch today. The forthcoming exchange platform will be offering physically delivered daily futures contracts with an aim to bring greater regulatory oversight to Bitcoin price discovery. The contracts will be traded in…
Bitcoin (BTC) has had a relatively volatile week within a tight trading range between approximately $3,500 and $3,650. Yesterday, news broke that Cboe was withdrawing the highly-anticipated VanEck/SolidX Bitcoin ETF application due to the ongoing US government shutdown, which has barely impacted the markets. Bitcoin’s ability to maintain around $3,600 signals that investors were not…
The crypto market may be in the midst of a mundane, multi-month lull, but the Bitcoin news cycle has begun to pick up steam. Save for the withdrawal of VanEck’s Bitcoin exchange-traded fund (ETF) application, this sector’s upstarts made strong fundamental steps forward. A former Wall Street investor began his search for $250 million for…
Crypto’s worst nightmares came to life on Wednesday, as the U.S. Securities and Exchange Commission (SEC) revealed that the long-awaited Bitcoin (BTC) exchange-traded fund (ETF) from VanEck had lost steam. Interestingly, however, the value of cryptocurrencies barely budged. This simple bout of nonaction sparked a newfound influx of bullish sentiment, in spite of the ostensibly bearish…