On Wednesday morning, it seemed as though things were about to go south for the Bitcoin market yet again. For those who missed the memo, notable Korean cryptocurrency exchange Upbit revealed that it had been hacked for $50 million worth of Ethereum (ETH), sparking an immediate 2% sell-off that some described as a “black swan”…
If you were around in the crypto markets in 2017, you likely know the altcoin ICON (ICX). Two years ago, this cryptocurrency was literally all the rage, with many calling ICON the “Ethereum of Korea” amongst other optimistic titles. At the time, this made sense. The cryptocurrency had embarked on a parabolic run that made…
Sorry bulls, bears have won this time. As of the time of writing this, the price of Bitcoin (BTC) has just plunged below $8,000 after holding above that level for nearly a week. The cryptocurrency now trades at $7,930, and seemingly looks poised to plunge lower in the coming hours. Below $8,000 😢#bitcoin pic.twitter.com/M7Y4EuSRKY —…
Sorry bulls, the Bitcoin (BTC) ball is in the court of bears yet again. As of the time of writing this article, the leading cryptocurrency’s price has just tumbled to just above $8,000, nearly tapping this key price point in a 5% drop lower. Buyers have started to step in, albeit only marginally, pushing BTC…
As you likely know, Bitcoin (BTC) has been bleeding out over the past few months, drawing down from $14,000 all the way to $8,500, where the cryptocurrency is priced at now. Just a few weeks ago, the asset was trading as low as $7,300. This price action has made many ask: is Bitcoin really in…
Late last month, Bitcoin (BTC) caught traders across the industry with their pants down: in a day’s time, the leading cryptocurrency had pumped by 42%, surging from $7,200 to $10,500 in a jaw-dropping, historical move higher. In fact, that day marked Bitcoin’s fourth-largest daily move… ever, and the largest price jump by percentage since 2011. Related Reading:…
While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals. Related Reading: Blockchain and Crypto: Binance CEO Has High Hopes for the Future A brief aside: A fractal, in the context of technical…
Bitcoin (BTC) is about to see a massive bout of volatility, according to a long-term technical indicator. Sure, the leading cryptocurrency spiked by 42% two weeks back, surging from $7,300 to $10,500 seemingly on the news that China’s President was calling for the formal adoption of blockchain technologies. But, something bigger is purportedly brewing. Related…
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…
As you are likely aware, Bitcoin (BTC) hasn’t done too well over the past two-odd days. Since Friday, the cryptocurrency has shed 6% of its value, tanking from $9,250 to $8,700 in a strong move lower that came after nearly two weeks of bullish consolidation above $9,000. Despite this relatively mild price action, which wasn’t…