You can’t teach an old dog new tricks, but apparently, listing an older cryptocurrency on a new exchange can bring back memories of the cryptocurrency bull market that once was.An altcoin being listed on Binance has resulted in nearly a 100% intraday pump – something that hasn’t been seen since crypto prices and exuberance peaked…
Another week, another round of Crypto Tidbits.It’s been a relatively mild week for the Bitcoin market, much unlike previous ones. The cryptocurrency started the week around $9,300 and ended the week right around that level, with BTC changing hands between $8,900 and $9,550 for the past seven days.Each attempt at breaking out of the short-term range…
Ethereum’s utility has seen an explosive rise over the past couple of years. Throughout late-2017 and most of 2018, the blockchain’s utility was primarily rooted in the ICO mania that plagued the cryptocurrency market.This shifted in late-2018, however, as a regulatory crackdown on ICOs across the globe largely put an end to the trend.Throughout 2019,…
A bearish chart formation has appeared on Bitcoin dominance that could lead to another leg down and rebound in altcoin/BTC pairs. However, the 58% level could remain a barrier, keeping a full-blown altcoin season from occurring for quite some time longer.Bitcoin Dominance Forms Bear Flag, Hanging By A Thread On Channel SupportBTC dominance is a…
Bitcoin investors have been growing impatient as the benchmark cryptocurrency continues hovering within the mid-$9,000 region. It has been consolidating here for many weeks, and each attempt to catalyze momentum – in either direction – has been futile.BTC has seen trends like this in years past, and they nearly always resolve in the crypto making…
Bitcoin has been the best performing asset in finance history, rising over a million percent from its early days to current prices. It may come as no surprise then that the first-ever cryptocurrency is currently leading a public poll where respondents believe it’ll also be the “best performing asset of 2020.”Is 2020 The Year The…
Jobless claims in the United States performing worse than initial forecasts expected has caused the Dow and other stock indices to slide pre-market. With Bitcoin‘s uptrend hanging by a thread, how will the first-ever cryptocurrency respond to the negative news and falling equities market?Jobless Claims Worst Than Forecasted Sends Dow Plunging Pre-MarketWhen the pandemic first…
After a strong rise over the last several months, momentum in Bitcoin has been waning, prompting one analyst that has thus far been long BTCUSD, to flip neutral.A break in sideways price action and a return to volatility is expected soon, but which way will the first-ever cryptocurrency head next?Hedge Fund Manager Prepares to Short…
Bitcoin price could hit $18,000 if it continues to maintain its positive correlation with the S&P 500, says mysterious analyst PlanB.The creator of the popular stock-to-flow model highlighted a 95 percent r-squared correlation between the two assets.He added that the global central banks’ unprecedented quantitative easing policy serves as a basis of rallies in both…
Bitcoin could breach above its historic high of $20,000 on rising inflation fears.Russell Napier, the founder of research platform ERIC, warned that inflation could rise above 4 percent next year in developed countries.The unprecedented surge could lead investors to the safety of scarcer assets, thereby benefiting Bitcoin.A veteran strategist’s eerie inflation prediction is setting Bitcoin…