Last week, Bitcoin (BTC) plunged like a stone in water, falling through the $10,000, $9,800, and $9,500 price supports in rapid succession. But on Monday — Labor day for the U.S. and Canada — the cryptocurrency mounted a strong recovery, surging by 7% on the day. Related Reading: Buy Bitcoin: Legendary Hedge Fund Manager Bashes…
While selling pressure has undoubtedly dissipated, the Bitcoin (BTC) price is still struggling. As of the time of writing this article, the cryptocurrency is trading for $9,550, which is 6.5% lower than BTC was at one week earlier. Related Reading: Prominent Investor Says Bitcoin Has “Failed” As a Safe Haven: BTC Slips 5% But, bulls…
A tumultuous few weeks for bitcoin may be coming to an end after cryptocurrency markets experienced an exceptionally quiet day of trading. Over the last 24 hours, the price of bitcoin shifted by less than 1 per cent, as stabilising forces also saw ethereum and bitcoin cash move by a similarly fine margin. Bitcoin settled…
As Bitcoin bulls have failed to maintain the momentum seen from April to late-June, fear has started to grip the cryptocurrency market. Related Reading: Bitcoin Price Rallies On Latest Trump Volley, Analysts Expect Further Upside Analysts are starting to suspect that BTC has further downside, despite the fact that it has already collapsed 35% from…
Just 72 hours ago, Bitcoin investors were bullish. After remaining in the low-$10,000s for a number of days, the cryptocurrency suddenly broke out, moving past key resistances. It even tapped $11,000 after a surge of buying pressure. This surge higher made some analysts bullish, as the reclamation of $10,800 and other key technical levels was…
Bitcoin has continued to tear higher. As of the time of writing this, the flagship cryptocurrency is up 5% in the past 24 hours, finding itself trading for $12,500 a piece. Altcoins, interestingly, have not followed suit, perpetuating a trend of non-BTC crypto assets underperforming as Bitcoin sees a strong performance. As seen in the…
Would you look at that — over the past 30 minutes, crypto assets have tanked. In a matter of about ten minutes, most large-cap altcoins, including Ethereum, XRP, and Litecoin, shed approximately 5% on average. The sell-off in the price of Bitcoin was the catalyst in this case, which in and of itself caught many…
Bloody Monday? I think not. In the past hour, Bitcoin (BTC) has spiked, gaining almost 3% within a few minutes’ time. As of the time of writing this, the cryptocurrency sits at $11,900, the highest the asset has traded at in a number of days. Related Reading: New ECB Boss is “Extremely” Pro-Crypto; What Could…
For a while now, investors have been waiting on futures for Ethereum (ETH), the second largest cryptocurrency by market capitalization. These expectations have been stifled though, with regulatory uncertainty and interest concerns about the crypto asset. But, according to a recent report from The Block, the CME Group, one of the world’s largest financial exchanges,…
More people own Bitcoin (BTC) than you may think. In a resurfaced tweet, Tony Hawk, a legendary skater whose name graces countless video game names, claimed to have been HODLing the crypto asset for years now. Related Reading: Double Jeopardy: Bitcoin and Blockchain Featured on TV Game Show Yet Again Responding to a chart that…