Bitcoin price has nearly doubled in price after the historic collapse that occurred in mid-March took the asset back to under $4,000 at the low.The first-ever cryptocurrency has reclaimed a critically important level that in the past has acted as a launchpad for a record-breaking, over 40% rally in under 48 hours. Is Bitcoin price…
Ethereum continues to struggle amidst the current vicious and volatile market environment caused by the coronavirus outbreak and recession on the horizon.But following a historic market collapse that wiped out nearly all of the asset’s gains thus far this year, Ethereum may finally be ready for a violent reversal after a pair of dragonfly doji…
The aggregated crypto market saw a notable rally today that was led by Bitcoin’s surge past the heavy resistance it was facing at $7,000. This allowed altcoins like Tezos to gain some independent momentum, with XTZ significantly outperforming BTC.This momentum seen by Tezos may be just be a hint of what’s coming in the days…
Bitcoin price recently plummeted to under $4,000, bouncing off what may believe is the absolute “floor” for the first-ever cryptocurrency.However, according to data from a top crypto industry analyst, the price floor of Bitcoin could jump to as much as $7,000 to $8,000 immediately after the halving takes place this coming May. But what exactly…
Bitcoin saw a sharp overnight rally that allowed it to surge past the resistance that it was previously facing around $7,000, with the crypto appearing to find some stability within this region – something that has not been seen since its capitulatory decline to $3,800 on March 12th.Analysts are now noting that this latest movement…
The US stocks benchmark S&P 500 could fall by as much as 40 percent as the Coronavirus pandemic spreads further, according to Scott Minerd of Guggenheim Investments. If the chief investment officer is correct, then crypto tokens like bitcoin could also plunge massively heading further into this year.An Uncanny CorrelationThe global crypto market lately fell and recovered…
“Has the crypto market bottomed?” is the question that has been on the minds of Bitcoin traders over the past weeks; after March 12th’s capitulation event, traders have been divided over this question.Despite the uncertainty, Willy Woo, a prominent on-chain crypto analyst, recently weighed in on this pressing debate, writing that two fundamental metrics are…
Bitcoin’s sideways trading that was first sparked by its rejection at $7,300 has extended through today, with the cryptocurrency firmly caught within the upper-$6,000 region as its bulls and bears both reach a firm impasse.In the near-term, analysts are noting that the cryptocurrency could be on the “edge of glory” if it is able to…
Following Bitcoin’s recent rejection at $7,300, the benchmark cryptocurrency has once again established another bout of sideways trading within the upper-$6,000 region, with bulls and bears reaching an impasse as its near-term trend grows increasingly unclear.Analysts are now noting, however, that from a macro perspective Bitcoin remains firmly bearish as long as it is trading…
Another week, another round of Crypto Tidbits. Over the past week, Bitcoin has performed rather well, rallying from $6,100 to $6,800 as of the time of this article’s writing, a few percent shy of the multi-week high of $7,200. Altcoins followed the market leader, posting similar gains.Bitcoin remains below the key resistance around $7,000, which some…