Bitcoin may have performed extremely well over the past two months, rallying over 100% from the March lows, but analysts say the asset’s rally is far from over.Speaking to Bloomberg on Monday, a leading industry chief executive argued that the price of BTC is still on a trajectory to rally by over 400% by the…
Since the lows that were experienced in March, both Bitcoin and the S&P 500 have been on a steep recovery.The leading cryptocurrency peaked at over 170% from the price of the March lows, while the S&P 500 gained from ~2,150 points to a recent high of 2,950 in dramatic fashion.Assets around the world have been…
American banking giant JP Morgan Chase has accepted two clients involved in the emerging bitcoin sector.U.S. cryptocurrency exchanges Coinbase and Gemini received account approvals after a long wait, according to the Wall Street Journal.The news came just less than 24 hours after Bitcoin underwent a massively hyped “halving” upgrade.JP Morgan Chase will offer its banking…
On Monday, the Bitcoin block reward halving finally came to pass.It was an exciting event celebrated by tens of thousands of cryptocurrency investors, with thousands packing into celebratory live streams, tens of thousands liking halving tweets, and hundreds of thousands hearing about Bitcoin via the news.The halving was so popular that at one point, the…
Bitcoin jumped above the $8,800 and $9,000 resistance levels against the US Dollar. However, BTC is facing a major hurdle at $9,100, above which it could rally sharply.Bitcoin is currently consolidating in a broad range below the $9,000 and $9,100 levels.The main support on the downside is forming near the $8,250 and $8,200 levels.There is…
Bitcoin hasn’t done too well over the past few days.Despite the fact that the block reward halving came to pass just hours ago, the cryptocurrency is actually down since last week’s highs of $10,100, now trading at $8,500. This drop hasn’t stopped optimistic investors from expecting more upside though, with one analyst noting that Bitcoin…
Bitcoin’s highly anticipated mining rewards halving took place earlier today. The benchmark cryptocurrency didn’t see any notable volatility in tandem with the event, and its hash rate has only declined slightly in the hours directly following the block rewards reduction.There’s no question that the mining rewards reduction that comes about as a result of the…
Since our last market update, Bitcoin has continued to plunge lower.The leading cryptocurrency just minutes ago tapped $8,180 for the third time in the past two days. BTC has since bounced off that level, indicating that this level is of some importance, rallying back to $8,450 as of the time of this article’s writing.Bitcoin price…
Tomorrow’s halving helped Bitcoin price make another strong push to $10,000, but the first-ever cryptocurrency failed to breach the key level.However, according to the structure of a massive rising wedge, there may be yet another wave up to nearly $11,000 before a correction and pullback ensue.Started From the Bottom: Bitcoin Forms Rising Wedge After Bounce…
Bitcoin’s block reward halving may be just hours away, two hours away by most estimates, but that hasn’t stopped the price from dumping.The cryptocurrency just slid as low as $8,380 just minutes ago, visiting the levels it was trading at just 24 hours ago.This came after Bitcoin rallied as high as $9,200 on Monday morning,…