Bitcoin is down more than 6% and it trimmed most its gains above $10,000 against the US Dollar. BTC price is currently holding the key uptrend support at $9,300, but it is vulnerable to a larger decline.Bitcoin failed to continue higher and declined sharply below the $10,000 pivot level.The price broke many supports near the…
Just 24 hours ago, Bitcoin had rocketed back above $10,000 for the first time in weeks. It was a move that liquidated over $100 million worth of BitMEX shorts, shocking investors across the industry.At the time, investors were extremely optimistic.Galaxy Digital co-founder and CEO Mike Novogratz shared around the time of the surge that Bitcoin…
According to the latest CoinMetrics report, if Bitcoin’s current growth rate can be maintained, its current daily volume from spot markets would need less than 4 years of growth to exceed the daily volume of all U.S. equities. Latest CoinMetrics Report Analyses Bitcoin’s Fragmented VolumesWith a resurgence of institutional interest in Bitcoin, cryptocurrency analytics company CoinMetrics…
As difficult it may be to believe, you’ve read that headline accurately – altcoins may finally be ready to break out against Bitcoin and bring the battered and beaten asset class more in line with the recovery the number one cryptocurrency has had.The first shot fired came today with the latest Bitcoin price flash crash,…
Just ahead of last night’s daily close, Bitcoin price exploded above $10,000 in a powerful break of the asset’s most important resistance, liquidating overleveraged shorts along the way.But Sunday night’s daily price candle coming to a close also opened a new weekly price candle, which also triggered a TD 9 sell setup. It’s that signal…
After a relatively long stagnation phase, volatility has returned, and Bitcoin has done nothing but shoot up. Several indexes suggested that a price breakout was imminent. But nobody would have thought that the $10,000 resistance level will break so easily.The recent price action sent investors and market participants alike into “greed,” according to the Crypto…
The popular crypto exchange Coinbase has come under scrutiny recently by the greater cryptocurrency community, after widespread frustration over system outages during peak Bitcoin volatility has boiled over.What’s causing the issues and why can’t Coinbase keep up with the meager crypto demand currently, and what does this mean for the next bull market if and…
After coiling under $10,000 for days, Bitcoin saw an explosive breakout on Monday.The cryptocurrency reached a local high of $10,429 during the surge higher, around $1,000 higher than where it had traded at just days earlier. $10,429 is the highest price BTC has traded at since February’s highs.While the price action has undoubtedly been bullish…
Bitcoin has seen some bull-favoring price action throughout the past day, rallying up to highs of $9,600 overnight after buyers absorbed the selling pressure that led it down to lows of $9,300.The cryptocurrency now appears to be well-positioned to see further upside in the days and weeks ahead, as it is currently in the process…
Bitcoin has finally done it. Minutes ago, the asset rocketed past $10,000 for the first time in weeks, reaching as high as $10,250 in a massive surge upward. This was a more than 7% jump from where the cryptocurrency was trading prior to the move.Traders were largely unaware that this move was going to happen.As…