Over the past few months, analysts have been questioning if Bitcoin (BTC) really is in a bull market. Just two weeks ago, the leading cryptocurrency was down nearly 50% from its year-to-date peak of $14,000 — something that many took as a signal that Bitcoin was back in a bear market phase. But, a key…
All eyes may be on Bitcoin (BTC), but an analyst is suggesting that it may be time to pay Ethereum (ETH) some heed. The second-largest cryptocurrency has struggled alongside BTC as of late, falling by a similar amount to the market leader. Like Bitcoin, ETH is stagnating, though technical indicators suggest impending volatility for the…
On Friday, the Bitcoin (BTC) market took a turn for the worst. The leading cryptocurrency, as reported by this outlet, tanked from $9,250 to $8,700 in a number of hours, with bulls running out of steam. While the bearish pressure has stopped, with Bitcoin finding some support at $8,850 as the short-term downtrend has ended,…
For the longest time, Bitcoin investors have been shooting for the moon, calling for the BTC price to hit lofty price points, like $50,000 and $100,000. The cryptocurrency has the potential to usurp traditional power schema, after all. But, Peter Schiff, a leading gold investor, doesn’t think such appreciation will take place. Related Reading: ‘Discount Bitcoin…
A financial forecasting tool that predicts bitcoin market cap would hit a trillion-dollar valuation is misleading, according to cryptocurrency analyst Alex Krüger. The noted economist called Bitcoin’s Stock-to-Flow Model (S2F) “massively overhyped” as he criticized it for not assessing certain crucial parameters. In retrospective, S2F is a ratio of a commodity’s stock (the units in…
For the first time in days, even over a week, Bitcoin (BTC) has started to show signs of a short-term trend forming. As of the time of writing this article, the leading cryptocurrency is at $9,400, up some 2% in the past 24 hours. Earlier today, the BTC price reached as high as $9,550 on some exchanges,…
The bitcoin price climbed by more than 40 percent after China’s President Xi Jinping endorsed blockchain technology in his speech on October 25. Global outlets were quick to correlate the two events, stating that investors [probably] increased their holdings in bitcoin, hoping that the Chinese people would also do the same by taking cues from…
Late last month, Bitcoin (BTC) suddenly exploded higher. In under 24 hours, the leading cryptocurrency shot from $7,300 to $10,600 in a now-historic pump that caught countless traders slacking. This move was decisively bullish, as it was, after all, the fourth-largest daily move in Bitcoin’s history, and the largest daily move in over seven years.…
Ethereum (ETH) hasn’t done too hot over recent months. Ever since Bitcoin (BTC) started rallying earlier this year, altcoins across the board have suffered, falling against the market leader. However, ETH is purportedly in the thick of a buy zone. Simultaneously, a number of analysts have claimed that the second-largest cryptocurrency is ready to head…
As Bitcoin (BTC) has entered a launchpad-like state, finding itself in a lull as sentiment is beginning to trend positive again, institutions have started to accrue long positions of the cryptocurrency. This may imply that the crypto market is about to see its next leg higher. Related Reading: Crypto Tidbits: Bitcoin Stuck In $9,000s, Starbucks…