Bitcoin was inching higher on Monday in the UK markets as Pound gave up some part of its last week’s sharp gains. Bitcoin shows upside sentiment as the Pound drops to 1-month low | Image credits: TradingView.com The cryptocurrency surged by 0.76 percent against the sterling as of 1005 UTC to trade at £6,627.90. The…
It comes as no surprise that Facebook is still on the receiving end of regulatory pressure from global economies. The social media giant has done the crypto industry few favors as all eyes are now on stablecoins and the outlook for them is predictably pessimistic. Bitcoin, however, has not been deemed a threat just yet.…
The weekend has been largely lethargic for Bitcoin and crypto markets with little movement out of their trading ranges. A couple of tests of resistance occurred but BTC was beaten back by the bears and quickly retreated to its support level. A breakout will come soon and traders are eyeing entry and exit zones. Bitcoin…
Ethereum and the aggregated crypto markets have been able to incur some tempered bullishness today after facing notable selling pressure over the past couple of days, but analysts are still weary of where ETH and other altcoins will head in the near-term. Importantly, one prominent analyst is noting that Ethereum has failed to break above…
After drifting lower throughout the day yesterday, Bitcoin’s bulls have attempted to push the cryptocurrency higher and have been able to propel BTC’s price above its 20-day EMA for the first time in over a month. Today’s tempered bullishness may help the cryptocurrency climb higher in the near-term, and one prominent analyst is noting that…
Bitcoin has spent the past two weeks consolidating just below the 200 day moving average. So far it has managed to cling to support above $8,000 but a big move could be coming soon so which way will it go next? Bitcoin Trading Range Tightens Another day has seen Bitcoin bounce between $8,300 and $8,400…
Around three weeks back, altcoins suddenly started to rip higher; Ethereum gained 10% in a single day, Litecoin rocketed up by 8%, XRP gained some 20-30% in three days’ time, and so on and so forth. But since then, this odd trend in the crypto market, which has been dominated by Bitcoin for the better…
Analysts and investors alike have long looked towards Bitcoin’s halving as a potential catalyst that could spark the next massive parabolic rally and usher in a new era of growth for BTC and the aggregated crypto markets. It is important to note, however, that one prominent figure within the Bitcoin mining industry is now noting…
After surging from its recent lows of $7,800, Bitcoin has been unable to extend its upwards momentum and has continued trading sideways within the lower-$8,000 region. This bout of consolidation has made it increasingly unclear as to which direction BTC will move next, although its next major movement should provide significant insight into this. One…
Bitcoin is many things to many different people. For some it is a store of wealth, for others it is a hedge against local economic oppression, but for many it is a vehicle to make money. With only 12,000 Bitcoin millionaires in the world it still shows great potential and opportunities to join that elite…