After plunging to $6,800 on Friday, Bitcoin (BTC) has been subject to some reprieve; the cryptocurrency now trades at $7,300, up some 8-odd percent from the bottom. While this bounce is somewhat positive for bulls, especially considering the historical importance of the high-$6,000s, a key indicator suggests that there may be more pain to come…
The price of bitcoin and several other major cryptocurrencies have dropped dramatically over the last 24 hours, wiping billions from their value. Bitcoin fell by more than 10 per cent to take its price below $7,400 (£5,700) for the first time since May, with no sign of the current crash slowing down. Ethereum, ripple, bitcoin…
Bears are back, and they’re back with a vengeance. As of the time of writing this, Bitcoin (BTC) is trading at $7,100, having plunged as low as $6,800 — an extremely important long-term price level. The cryptocurrency market is down some 8% in the past 24 hours, and seems poised to tumble lower. With that…
Late last month, Bitcoin (BTC) saw a jaw-dropping trading session, with the cryptocurrency’s price gaining 42% in a 24-hour time frame; this was BTC’s best daily performance in over six years. This move, which brought the asset from $7,300 to $10,500, shocked many, with many seeing the surge as entirely non-sensical. Related Reading: Bitcoin Twitter…
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…
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…
One year ago yesterday (November 14th, 2018), the price of Bitcoin (BTC) began to tank. During that day, the cryptocurrency fell from $6,200 — where it had held for a majority of the summer months — to $5,500, a 12% drop that was the worst daily performance for the asset in over two months. It…
If you’ve been on Crypto Twitter at all, you know of the Bitcoin “HODL” meme. For those living under a rock, here’s a quick explainer: HODL, a misspelling of “hold” first found on the (in)famous BitcoinTalk forum, has become a battle cry for diehard BTC investors, who believe it is irrational to sell the asset.…