Bitcoin underwent a mini flash crash on Wednesday as its price fell from $59,400 to nearly $57,000 in just five minutes of trading. Analysts blamed overleveraged long positions for the downside move, with the plunge liquidating about $600 million worth of extended bullish contracts across major futures exchanges. The wipeout followed up with a short…
Bitcoin price extended its upward move above the $59,000 zone against the US Dollar. BTC is showing positive signs and it is likely to accelerate further higher in the near term. Bitcoin is rising steadily and it is likely to break the $60,000 resistance zone. The price is now well above the $57,000 support and…
Peter Brandt is an iconic trader who in the past called the dramatic fall to the Bitcoin bear market bottom, nearly a year ahead of time. Could the commodities trader with decades of experience in all things markets – who has for sure seen a thing or two in his career – now be forewarning…
Today, news broke that PayPal is ready to launch cryptocurrency payments to merchants, allowing its massive userbase of millions to pay with Bitcoin and the other altcoins has offered since the middle of last year. However, like all things related to centralized platforms getting involved in cryptocurrencies, there’s a catch. PayPal To Allow Customers To…
Bitcoin prices rallied in the early London session after Reuters reported that PayPal would launch its crypto checkout services later on Tuesday. The payment giant, which started offering bitcoin custodial and trading services in October last year, will now allow US customers to use their cryptocurrency holdings to pay to PayPal’s millions of merchants worldwide.…
Bitcoin price extended its rise above the $58,000 resistance against the US Dollar. BTC is now correcting gains, with but it is likely to remain well bid near $56,750 and $56,500. Bitcoin gained pace above the $57,500 and $58,000 resistance levels before correcting lower. The price is now well above the $55,000 support and the…
Bitcoin price is struggling to get back above $60,000 currently, but bears thus far have been unable to swat price action away from local highs. The push and pull between the two opposing market forces have resulted in a bearish price pattern potentially forming, that anyone paying attention to cryptocurrency might want a heads up…
Bitcoin prices rose aggressively heading into the European session Monday, breaking above $58,000 as traders pinned their hopes on another all-time high milestone ahead. The benchmark cryptocurrency was changing hands for $58,146 at 10:18 UTC, up 4.25 percent from its intraday open. A record expiry of $6 billion worth of options contracts on Friday helped…
Bitcoin price started a steady increase and tested the $56,500 zone against the US Dollar. BTC is now correcting gains, with many supports near $54,000. Bitcoin traded as high as $56,694 before starting a downside correction. The price is still above the $54,000 support and the 100 hourly simple moving average. There was a break…
Bitcoin price is recovering nicely above $55,000 against the US Dollar. BTC is likely to start a strong increase if there is a daily close above the $57,000 resistance. Bitcoin started a fresh increase above the $55,000 and $55,500 resistance levels. The price is now well above $55,000 and the 100 simple moving average (4-hours).…