Cryptocurrency exchanges experienced a dramatic rise in stablecoin deposits in the previous 24 hours, instilling hopes that traders will use the dollar-pegged tokens to purchase Bitcoin. Data fetched by blockchain analytics platform, CryptoQuant, showed exchanges’ stablecoins reserves hitting a record high of 5.47 billion after adding $600 million in a day. The spike apprehensively coincided…
Cryptocurrencies rallied Wednesday, led by gains in the Bitcoin and the Ethereum markets as traders pinned hopes on additional stimulus packages in the United States. The cost to purchase one Bitcoin shot past $36,000 while Ethereum’s native token Ether notched a new record high at $1,574. Other large-cap tokens, including Polkadot’s DOT, Litecoin’s LTC, and…
Bitcoin price started a steady increase above $35,000 against the US Dollar. BTC is showing positive signs and it could continue to rise towards the $38,000 barrier. Bitcoin started a decent increase above the key $35,000 resistance zone. The price is now trading above $35,500 and the 100 hourly simple moving average. There was a…
Bitcoin prices climbed for the second day on Tuesday, spurred by increased optimism over the second stimulus package in the United States and a firmer US dollar. Positive risk-on momentum throughout the Asian and the early European session briefly pushed the flagship cryptocurrency to a new week-to-date high of $35,469. It later corrected lower by…
Ever since Bitcoin broke above its peak at $20,000 and roared higher by another $20,000, altcoins have awakened from their long crypto winter slumber. Ethereum set a new all-time high, and now tokens across the market are starting to follow. Further confirmation that an altcoin season is finally upon us, is cemented by searches for…
Bitcoin has seen mixed price action as of late, with bulls and bears largely remaining at odds while the crypto ranges between $30,000 and $40,000 The cryptocurrency has been quite heavy as of late due to the intensity of each of its recent rejections, which has given bears a slight edge However, $30,000 remains a…
Bitcoin prices raced towards $35,000 as European investors woke up to Elon Musk’s latest cryptocurrency endorsement. The BTC/USD exchange rate rose as much as 4.8 percent during the Asian and early European session to hit an intraday high of $34,728. That followed a 2.63 percent jump last week that closed January at a 14.13 percent…
Bitcoin price corrected lower, but it remained well bid above $32,000 against the US Dollar. BTC is currently rising, but it must clear the $34,000 resistance for a steady increase. Bitcoin is slowly gaining momentum above the $33,000 and $33,200 resistance levels. The price is currently trading above the $33,500 level and the 100 hourly…
Bitcoin and crypto Twitter has been ablaze over the past few weeks as Mark Cuban, a billionaire investor, has continued to dabble in the space. Cuban is best known for his role as a Shark on “Shark Tank” and as the owner of the Dallas Mavericks. The American investor recently started to increase his exposure…
Bitcoin has witnessed some massive selling pressure throughout the past day that has erased all the gains that came about as a result of the “Elon Musk” pump a few days ago The selling pressure seen has come from a combination of spot and derivatives, with investors generally going risk-off It remains unclear what the…