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Bitcoin price today smashed back above $11,000 and is attempting to hold currently. The incredibly bullish price action following a retest of resistance turned support could have given bulls the confidence to push the crypto asset’s price much higher. But as bullish momentum builds in Bitcoin, altcoins have turned bearish. According to one crypto analyst,…
Bitcoin is surging but the rest of the crypto space isn’t following its lead this time around. Instead, many of the DeFi darlings that led the last bullish impulse, have fallen 10% or more in the last 24 hours. What’s going on with the previously parabolic Chainlink, Yearn.Finance, and Binance Coin? Here’s the good, the…
Bitcoin is currently flashing some notable signs of strength following the bout of weakness seen throughout the past couple of weeks. The cryptocurrency is far outperforming the altcoin market, with both major altcoins like Ethereum and Chainlink – as well as smaller ones – all flashing signs of immense weakness throughout the past several days…
Michael Saylor, the Founder of MicroStrategy, said, so far, he has spent a total of $425 million buying Bitcoin. In a recent tweet, Saylor mentioned his firm had just purchased approximately 17k BTC. Including previous the purchase of 21k tokens, the firm now holds around 38k BTC in total. “On September 14, 2020, MicroStrategy completed…
Bitcoin price extended its rise above the $10,800 resistance against the US Dollar. However, BTC is struggling to clear the all-important $11,000 barrier and it could decline sharply. Bitcoin traded above the $10,700 and $10,800 resistance levels. The price is still trading well below the $11,000 barrier, but above the 100 hourly simple moving average.…
In quite the confusing turn of events, Gene Simmons of Kiss fame is looking into Bitcoin and crypto. On September 15th, Tyler Winklevoss of Gemini tweeted a thread about Bitcoin and the crypto space, commenting on the ongoing state of this nascent industry: “This is why I love #Bitcoin and crypto. It’s permissionless. It’s unbiased.…
Bitcoin’s recent price turbulence has not been emblematic of its underlying strength, as the cryptocurrency’s hash rate has been plowing higher throughout the past several weeks and months, just setting another fresh all-time high. This metric’s growth signals that demand for the Bitcoin network is incredibly high at the moment, despite many of the cryptocurrency’s…
This week, over $5 billion in Tether (USDT) was minted and added to the stablecoin’s circulating supply and market cap. A correlation with newly minted USDT and Bitcoin pumping has sent the crypto community into a tailspin. Today, an automated Twitter account that alerts investors as to when new Tether is minted claimed another $1…
All eyes are on Bitcoin and more specifically if the cryptocurrency is able to hold above both the “meme” downtrend line and the critical level of $10,000. The asset thus far has held strong, confirming both former resistance levels as support. But at the same time, the leading cryptocurrency by market cap may have also…
Bitcoin price is slowly gaining momentum and it broke the $10,700 resistance against the US Dollar. BTC is up 5%, but it is still facing a major resistance near $10,800 and $11,000. Bitcoin is rising and it broke the $10,500 and $10,700 resistance levels. It is now trading well above the $10,580 pivot level and…