A relatively new economic stimulus intended to promote growth is fast becoming the norm around the world. The proliferation of negative interest rates at central banks in Europe and Japan makes an increasingly strong case for Bitcoin.Negative interest rates are supposed to provide incentives to invest and by extension to encourage economic growth. However, the…
After Bitcoin’s crash early this week, the cryptocurrency has found itself trying to establish a base for the next move.While there are many analysts professing that BTC is “showing weakness” at current, a prominent trader recently gave an in-depth explanation as to why he is buying the asset around the $8,500 to $8,600 level, where…
The past few days haven’t been too kind to Bitcoin, to say the least; the leading cryptocurrency has retraced (some have called it more of a crash) from $10,000 to as low as $8,520 in a dramatic fashion, liquidating millions of dollars worth of BitMEX positions. Despite this, analysts remain optimistic. In fact, one top analyst,…
Bulls can’t seem to catch a break. Bitcoin once again continued to trend lower on Tuesday, falling from $9,550, where it traded at for most of Monday, to prices as low as $9,325 as of the time of this article’s writing. Per data from CoinMarketCap, BTC is now down 3.5% in the past 24 hours.Despite…
After surging as high as $10,000 on Sunday evening, Bitcoin slumped. The cryptocurrency, which has been subject to extreme volatility over the past two weeks, suddenly plunged from $10,000 to $9,700, then continued to drop to a daily low just below $9,500 just hours later.Despite this rapid reversal, there is a silver lining.The Silver Lining…
Despite the brutal retracement the cryptocurrency market saw this week, a top analyst is getting bullish on Litecoin, citing an array of technical factors.While this may not seem relevant to many readers, as many of you may not trade or own the altcoin, LTC’s directionality could have a strong effect on the rest of the…
As Bitcoin has shot higher in the past few hours, so too has Ethereum. The market leader tapping $10,000 was accompanied by ETH passing $275, reaching as high as $278 just minutes ago.While this sudden jump higher, which comes after the altcoin flatlined around $270 for most of Sunday, has yet to be sustained, analysts…
Just minutes ago, Bitcoin tested $10,000. This came after the cryptocurrency had flatlined at $9,900 for most of Sunday, seemingly trying to establish some directionality. Unfortunately, the brief surge to $10,000 failed, with the asset getting rejected right at the key resistance, the second time BTC failed to maintain an uptrend in the past 24…
Over the past few days, Bitcoin has been flagging. Ever since it peaked at $10,300 on Wednesday, it has been mostly downhill, with the leading cryptocurrency falling off a cliff on that very same day to $9,250 in an extremely short period of time.Despite this bearish price action, which has been somewhat negated by a…
Like most other cryptocurrencies, Ethereum hasn’t had the best past few days. The second-largest cryptocurrency fell off a cliff on Wednesday, plunging from a price just shy of $290 to a price as low as $245, per data from TradingView. ETH has since settled above $260, seemingly trying to establish some support before it decides…