Bitcoin price is back above $50,000 after a short-lived correction in the range below the key level. However, since the cryptocurrency has reclaimed the halfway point to $100K, open interest has skyrocketed. The sudden sharp increase in open interest has traders cautious currently. Here’s a closer look at why that’s the case and what could…
Key Bitcoin Takeaways Bitcoin prices jumps back above $52,000 and pushes higher. The gains appear as bond sell-off cools down after a week of turbulence. Greg Waisman, the co-founder of crypto wallet service Mercuryo, suggests BTC/USD could hit $60,000 in the coming sessions. Bitcoin prices rose Wednesday, breaking above $52,000 for the first time in…
Bitcoin price recovered above $48,000, but it failed near $50,000 against the US Dollar. BTC is now holding gains above $47,000 and it is likely to make another attempt to surpass $50,000. Bitcoin is consolidating gains above the $47,000 and $46,500 support levels. The price is now trading well above $47,000 and the 100 hourly…
Bitcoin has barely flinched in the face of the dollar’s best attempt at a rebound in over a year. The greenback is trying to stage a comeback against the top cryptocurrency, which has left the global reserve currency battered and beaten. Although Bitcoin has fended off the advance in USD, if history repeats and the…
Key Bitcoin Takeaways Bitcoin plunged by almost 5.5 percent on Monday after setting up a record high in the previous session. The one-day drop is the largest since February 10, pointing to extended intraday declines as the European session matures. Long-term sentiment remains bullish on growing corporate adoption against the US dollar depreciation. Bitcoin (BTC/USD)…
Bitcoin price remained in a positive zone and it traded to a new all-time high above $58,000 against the US Dollar. BTC is now correcting gains, but it is likely to continue higher towards $60,000. Bitcoin extended its rise above $57,000 and it traded to a new all-time high at $58,350. The price is still…
Bitcoin price gained bullish momentum above $50K and traded to a new all-time high at $57,500 against the US Dollar. BTC remains supported and it is likely eyeing a test of $60,000. Bitcoin climbed above the $50,000 resistance and traded to a new all-time high near USD 57,500. The price is trading nicely above the…
Bitcoin is making headlines left and right on media outlets everywhere, but none more so than CNBC. According to a well respected journalist, during a segment on CNBC it was said that gold would be trading at $3,000 an ounce if it wasn’t for Bitcoin. Here’s why that statement is probably true, and why the…
Bitcoin price started a downside correction from the $52,750 all-time high against the US Dollar. BTC is now approaching a couple of important supports near $50,500. Bitcoin topped near the $52,750 level and started a downside correction. The price is still well above $50,000 and the 100 hourly simple moving average. There is a major…
Bitcoin bulls are not running out of fuel. On Friday, traders once again raised their bids for the world’s leading cryptocurrency, sending its prices to another record peak after Grayscale Investments, a New York-based crypto investment vehicle, added 1,672 BTC to its already-ballooning bitcoin stockpile. The firm now holds 655.44 BTC, worth almost $33.5 billion.…