For months, Bitcoin stole the show when it came to crypto, sucking the capital out of the altcoin market. Shortly after the top cryptocurrency started its pullback, profits began to flow back into altcoins that have since been soaring over the last month. BTC dominance shows how down to the wire the fight between Bitcoin…
Bitcoin price is barely holding onto support at $30,000 and it could soon be lost for some time to come, if a pattern that has cut the cryptocurrency down to size confirms. The pattern itself has proven dangerous for Bitcoin in the past, and appears to be in the process of breaking down now. Here’s…
Bitcoin has been facing some immense selling pressure today that has caused its price to plunge below $30,000 This was previously strong support for the crypto, and it is now testing the support it has at its multi-week lows of $29,000 Where the market trends next will likely depend largely on whether or not buyers…
MicroStrategy CEO Michael Saylor says institutional interest in Bitcoin is snowballing. He predicts the coming year will see a flood of companies follow MicroStrategy’s lead to acquiring Bitcoin as a treasury strategy. More interestingly, Saylor claims contact with at least a hundred private companies that have already implemented this strategy. However, given the lack of…
Bitcoin extended its pullback from its weekly high of $32,960 on Wednesday as the market’s focus shifted on the Federal Open Market Committee’s first meeting of 2021. The flagship cryptocurrency dropped to an intraday low of $30,818, down about 5.5 percent from its opening rate. The appetite for riskier safe-havens weakened against a stronger US…
Bitcoin price is stuck in a range below the $33,500 and $33,800 resistance levels against the US Dollar. BTC is likely to continue lower unless it clears the $33,800 resistance. Bitcoin retested the $31,000 zone and managed to stay in a range. The price is currently facing resistance near $32,800 and the 100 hourly simple…
Last night on the Monday night live airing of the popular TV game show Wheel of Fortune, a contestant named Jeremy Kerbel introduced viewers to DeFi for the first time, while in the same breath mentioning Bitcoin and cryptocurrencies as a whole. Jeremy Kerbel is a managing director at OSL and the founder of Kerve…
Bitcoin’s appears to be caught within a firm bear trend, with the cryptocurrency being wholly unable to see any sustained rebounds Each rally over the past week has been firmly rejected, with BTC rallying to highs of $34,500 yesterday before facing a rejection that sent it down towards $30,000 today Where the entire market trends…
Bitcoin bulls should brace for a bearish impact as three of the leading on-chain indicators unanimously warn about potential sell-offs in the spot market ahead. CryptoQuant, a South Korea-based blockchain analysis firm, highlighted the latest readings on their proprietary metrics, one of which studies large BTC outflows from miners’ wallets and the other over-the-counter BTC…
A piece of excerpt allegedly taken from a JPMorgan & Chase’s report is warning its clients about a potential “liquidity shock” in the Bitcoin market. The extract praises the cryptocurrency industry for improving its on-screen liquidity better than traditional asset classes on a relative basis. Nevertheless, it simultaneously warns about how most such liquidity provisions…