Bitcoin and the aggregated crypto markets have been on the up-and-up as of late, with BTC surging from its year-to-date lows in the $3,000 region to recently established highs of well above $11,000. This upwards momentum has drastically shifted the overall market sentiment and has led most investors to turn incredibly bullish. Although bulls are…
The crypto markets are continuing to grow and develop by leaps and bounds each day, and the latest piece of positive news that elucidates just how rapidly the markets are maturing is the Commodity Futures Trading Commission’s decision to approve LedgerX for offering physically settled Bitcoin futures contracts. The announcement, which was made by the…
A big bullish weekend is usually followed by a red Monday for bitcoin and crypto markets but this has yet to materialize. BTC has continued to climb and is now back at its 2019 and fifteen month high again. Further gains are likely and if Bitcoin can repeat is previous six month’s performance big things…
The total crypto market cap is currently holding the $300.0B and $310.0B support levels. Bitcoin price is up more than 4% and it is trading nicely above the $11,000 resistance level. BCH price is gaining momentum towards the $490 and $500 resistance levels. EOS price is currently above the $7.200 level and it may soon…
The world has been entrenched in a deluge of news surrounding Facebook’s recently announced cryptocurrency initiative, dubbed Libra, which was been met with a wide variety of responses from Bitcoin advocates and analysts alike, ranging from positivity and excitement to extreme negativity. Despite the significant amount of information now available about Libra, analysts are still…
Bitcoin (BTC) prints double-digit gains Central banks could slash interest rates to avert a global recession, boosting risk assets in the short term & safe havens in the long term Perhaps in anticipation of an economic slowdown and central banks intervening by cutting rates, data suggests fund managers are shifting capital to Bitcoin. In the…
This weekend has been nothing short of monumental for Bitcoin. Over the past two days the king of crypto has surged almost 15 percent to its highest price for 15 months. The big question now is will it carry on brushing resistance aside or is a pullback imminent? Over the past 24 hours Bitcoin reached…
Following a massively volatile past few days for Bitcoin and the aggregated crypto markets, BTC has now been able to slow down and find some stability around $10,700 and is forming $10,500 as a level of support. Analysts have long noted that the mid-$11,000 level would be an important region of resistance for Bitcoin to…
Bitcoin (BTC) prints new 2019 highs Eventually, blockchain based platforms will replace legacy bank-based systems Overly, there is a changing view of what Bitcoin is. The entry of Facebook could open doors for Wall Street corporations. Because of this possibility, Steven Eliscu of DMG Blockchain now says blockchain systems will eventually “supplant legacy bank-based systems.”…
There were sharp gains in BTC to USD above the $10,000 level against the US Dollar. The price traded to a new 2019 high above the $11,000 level at $11,234. There is a key bullish trend line forming with support near $10,550 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The…