Bitcoin hasn’t done well in the past two days; since hitting $9,200 on Saturday, the cryptocurrency has plunged as low as $7,600, more than 17% lower than the weekend high, in a move that has liquidated over $200 million worth of BitMEX long positions in the process.The move undoubtedly caught traders off guard, hence the…
Bitcoin is gawking at extended losses only hours after it established a new yearly high at $10,500.The benchmark cryptocurrency on Thursday plunged by 3.86 percent to circa $10,094, according to US exchange Coinbase. The crash took bitcoin’s spot rate down by more than $400 within just three hours, showing fresh signs of buyers’ exhaustion in…
Bitcoin reached its highest level this year on Wednesday after it breached above its psychological resistance of $10,000.The cryptocurrency settled a fresh year-to-date high of circa $10,483, bringing its net yearly gains up by 46.91 percent. The move uphill came as investors pacified their nerves over the coronavirus epidemic that has killed more than 1,000…
A dollar worth of Bitcoin SV (BSV) purchased at the beginning of 2020 now costs $266. But that has not deterred one analyst to predict a bearish scenario for the fifth-largest cryptocurrency.Alex Saunders, the founder of Australia-based crypto outlet Nugget News, said an outperforming BSV could soon give up all its gains to its top…
A portion of fresh cash liquidity supplied by the global central banks has made its way into the bitcoin market, says Mati Greenspan, the founder of Quantum Economics.The prominent market analyst told BlockTV that the cryptocurrency – more or less – behaved like stocks as it rose from $6,430 to well above $10,000 in just…
Bitcoin’s trademark price volatility is now near its record lows, according to data gathered by Skew.The crypto data analysis portal highlighted that the realized volatility of the BTC/USD pair dropped to 53 percent over the last three months – from 70 percent on a one-year timeframe. It further noted that the dip in bitcoin’s volatility…
The price 0f Bitcoin SV (BSV) on Saturday surged by up to 17 percent in what appears to be a whale-influenced pump.The BSV-to-dollar exchange rate climbed from $288.71 to as high as $343.53 in just four hours. The pair’s move uphill followed days of choppy sideways action and a humongous 300 percent jump before, showing…
Bitcoin may have surged bombastically heading into 2020 but one analyst thinks the cryptocurrency is going to fall back.Options trader Dyme said bitcoin is entering a “perfect bearish setup,” listing three converging negative indicators that hint a deep price retracement in the coming trading sessions. They are Rising Wedge, Bearish Divergence, and Overleveraged Longs.“Everything about…
Bitcoin Cash (BCH) registered a mind-bending price rally on Wednesday as traders moved capital into the altcoin market en masse.The fourth-largest cryptocurrency surged by up to 12.93 percent to establish a new yearly top at $428.80. The move uphill helped BCH’s market cap to swell from $6.87 billion to $7.74 billion, making it the best…
On January 23rd, leading Bitcoin derivatives exchange BitMEX revealed its intent to launch a new financial product for XRP. In a blog post, the company said that this product would be a “Ripple USD quanto swap,” which will allow traders to leverage trade the cryptocurrency with leverage of up to 50x.According to a recent Twitter update…