Global markets performed better than non-correlated asset Bitcoin in the third quarter of 2019. The S&P 500 index (SPX) surged 0.68 percent on a quarter-to-date basis. The same period saw the Dow Jones Industrial Average (DJI) delivering 0.17 percent returns while Nasdaq fared between with 1.97 percent gains for its investors. Meanwhile, the Europe-wide Stoxx…
Bitcoin has been involved in some pretty brazen efforts to scam people out of money. However, the latest might just be the most ludicrous. A fake letter, apparently from the desk of a member of the Queen of England’s staff, has been reported. In it, her royal highness appeals to the reader to donate Bitcoin…
After incurring a sharp sell-off last night, Bitcoin’s bulls stepped up to the plate and were able to propel the crypto back into the lower-$8,000 region. This latest bout of volatility further confirms the notion that the upper-$7,000 region is a bastion of support for BTC. Importantly, this price action also allowed the cryptocurrency to…
Bitcoin was the first cryptocurrency to ever be created, and any crypto assets created after it are referred to as altcoins. These altcoins promise to improve upon Bitcoin in a number of ways – from faster transaction speeds to a larger supply and other attributes – and to bring investors gains similar to that of…
Bitcoin prices edged lower on Monday, pressured by a current correction momentum that saw the cryptocurrency plunging by more than 40 percent since June this year. The BTC/USD instrument was trading at $7,863.28 as of 0907 UTC, down 2.34 percent from the open. Around the same time, CME bitcoin futures had slipped by 1.99 percent…
Every time Bitcoin dumps a double digit percentage panic floods the crypto community and the doom merchants start rejoicing. This has happened so many times before and every dump has eventually turned into a sustained rally. Nothing is new this time as previous corrections have shown. Bitcoin Market in 2013 Compared to Now Observing previous…
Last week, volatility finally picked up for the Bitcoin price after a multi-week lull. While many traders embraced this tumultuous price action, it seems that the cryptocurrency market is settling once again, with BTC finding support at $8,000. Related Reading: Gold Fractal Predicted Bitcoin Distribution, Up Next Is Two Years of Sideways Over the past…
After losing its foothold within the lower-$170 region, Ethereum’s recently incurred upwards momentum appears to have faltered, as ETH has now dropped below the $170 level as Bitcoin revisits its key near-term support level at $8,000. Analysts are now expressing mixed sentiments when it comes to ETH, but are generally offering a sentiment that can…
Ethereum (ETH) has posted a strong bounce from its recent lows and has not yet faced any notable rejection after climbing from these lows. This slight upwards momentum has come about as Bitcoin finds increasing stability around the $8,000 region. Analysts are now noting that Ethereum could incur massive upside in the future, although other…
Bitcoin has been able to establish some stability after experiencing massive volatility earlier this week, and it is beginning to look as though the $8,000 region could potentially be a support level that allows BTC to continue climbing higher in the near-term. Importantly, analysts are noting that BTC’s recent stability, in combination with yesterday’s CME…