Following Black Thursday, Bitcoin was on a tear, gaining 50% since that fateful day. BTC was trading at $7.3k, but a rejection at the 50-day moving average, coupled with falling volume, indicated a trend reversal.Bitcoin daily chart with 50-day & 200-day MA and volume. (Source: tradingview.com)Not only that, but the failure to break $7.4k suggested…
Hedge funds with exposure in the Bitcoin market have returned better year-to-date yields than their traditional peers, according to researchers at HFR.A rally in April 2020 lifted crypto hedge fund YTD profits to 13.4 percent, while a wider hedge fund industry suffered losses.Meanwhile, the Embark Group’s Peter Toogood warned that many fund managers are not…
The bitcoin price has slipped by almost 5.5 percent from its yearly high at $8,388 and could be in for a massive downside correction. But that has not deterred a prominent fund manager from projecting a bullish case for the world’s largest cryptocurrency. Brian Kelly, the founder of BKCM, LLC, a New York-based digital currency…
Law and order dominates. Inevitably for policy makers, they are now drafting laws after realizing Bitcoin and cryptocurrencies are here to stay. Regulators in Japan, South Korea and Thailand were the first to pick up early signals but now, the wave is sweeping across Europe. Overly this is good and could help drive Bitcoin and…
Bitcoin traded higher on Tuesday following a severe sell-off that saw its prices plunge by circa $900 at the start of this week.The benchmark cryptocurrency jumped to intraday high of $5,466 from its weekly low, up 23.34 percent as traders hunted for short-term profits. The move upside quickly followed a weak pullback into the European…
Bitcoin’s latest bearish correction is threatening to break below a crucial support level known as the 50-weekly moving average.The cryptocurrency’s two out of three breaks below the said technical floor resulted in more than 50 percent price crash.That puts bitcoin under the risks of falling towards $6,000 in the medium-term.A historically accurate technical indicator is…
Latest Bitcoin News The 2018 bear market has been punishing, and despite falling prices, adoption is picking up. The number of Bitcoin-related transactions is on the rise and even rivaling those of MasterCard. Add that to the increasing number of Bitcoin ATMs, and it couldn’t be better. According to Data Light, Bitcoin teller machines are…
Bitcoin fell to its three-week low as investors’ concerns about the fast-spreading Coronavirus continued to hurt global market sentiment.The benchmark cryptocurrency was trading at $9,081 during the early morning trade in Europe, down by up to 2.41 percent. The move downside extended bitcoin’s weekly losses to 8.87 percent, confirming that its medium-term bullish sentiment took…
Latest Bitcoin News After a damaging fall from Dec 2017 peaks, Bitcoin bulls are well positioned to recover and print above Nov 2018 highs all because of changing sentiments and bullish candlestick formation of the last three days. On the fundamental front, long-term Bitcoin bear and former International Monetary Fund economist, Mark Dow has closed…
After a minor hiccup, the bitcoin price is looking to resume its rally with a 3.37-percent surge this Sunday. The BTC/USD instrument was trading at $5,179, according to price average calculated by CoinMarket.com at 0910 UTC. Earlier on Friday, the pair had corrected lower to test $4,849 as potential support. The area saw buying orders outrunning…