Throughout 2017 and 2018, many altcoin-advocates pointed to Bitcoin’s lack of transactional speed as a reason why it would be usurped by other smaller alternatives. “Speed” naturally became a selling point of many altcoins.That being said, this was not enough to generate any type of investor interest or extreme utilization.One prominent Bitcoin investor is now…
After holding in the low-$9,000s, Bitcoin finally saw a breakout recently.The cryptocurrency liquidated $15 million worth of BitMEX short contracts as it shot as high as $9,800 during Monday’s trading session. This was the highest BTC had traded in 10 days.Bitcoin’s strength came on a swath of positive news.Firstly, while the S&P 500 saw a…
Bitcoin’s price action has been incredibly lackluster in recent times. Its consolidation channel was at risk of breaking yesterday, buy sellers ardently defended against BTC shattering the resistance it has in the upper-$9,000 region.It does appear that the coming three days could be some of the most volatile the benchmark digital asset has seen over…
Whale manipulation did not crash the price in March 2020, asserts Stock-to-Flow creator PlanB.The analyst claimed that the cryptocurrency’s growing correlation with the U.S. benchmark S&P 500 led it lower.He further noted that Bitcoin’s wild downside price actions in November 2019 and December 2019 appeared in the wake of the U.S.-China trade dispute and the…
Bitcoin has come closer to forming a dreaded Wall Street chart pattern: the Death Cross.The bearish technical indicator materializes when an asset’s long-term moving average crosses above its short-term moving average.Its occurrence on Bitcoin daily chart in March 2020 led to a 55 percent price crash.A “death cross” pattern is looking to materialize on Bitcoin’s…
Bitcoin has finally seen some strength after days upon days of consolidating in the low-$9,000s.As reported by NewsBTC, the cryptocurrency saw a sudden breakout on Monday. BTC reached a local high of $9,800, the highest price in one and a half weeks.BTC’s strength was seemingly related to that of the Nasdaq. The leading equities index…
Bitcoin is up more than 3%, and it broke the key $9,500 resistance against the US Dollar. BTC is currently trading in a positive zone, and it could continue to rise towards $10,000.Bitcoin is up over $300, and it broke a few significant hurdles near $9,500.The price traded close to the $9,800 resistance zone, and…
While many in Washington D.C. are hesitant to give Bitcoin their support, a Congressman recently took to Twitter to support this nascent space.Related Reading: Crypto Tidbits: Bitcoin Holds $9k, Ethereum DeFi Gains Traction, Trump Talked BTC in 2018Congressman Throws Weight Behind Bitcoin, Calls It “Sound Money”On June 22nd, the Congressman of Ohio’s eighth district, Warren…
The correlation between Bitcoin and the S&P 500 has proven to be dangerous for the first-ever cryptocurrency. It even helped to drag down the asset during the Black Thursday collapse.The crypto asset’s new bull market on the horizon. Yet the correlation with the stock market is once again nearing all-time high levels and at risk…
New rumors circulating the web suggest that payments processing giant PayPal and subsidiary Venmo are making a major play in crypto.What are the two powerhouses planning and how might it impact the crypto market in the future?PayPal and Venmo To Begin Selling Bitcoin, Launch Crypto WalletIf you can’t beat ’em, join ’em, goes the saying.…