Bitcoin (BTC) has managed to extend its gains into the weekend. As of the time of writing this report, the cryptocurrency is trading at $10,850, having flirted with prices a tad higher than $11,000 on Saturday. Related Reading: Visa Invest $40 Million in Crypto Startup, is Mainstream Acceptance Here? According to a growing number of…
Bitcoin (BTC) has managed to claw back some of its losses made in July. After trading below $10,000 for over a week, the cryptocurrency broke out, reclaiming the auspicious five-figure price point as outlined in this NewsBTC report. Since then, the ball has been in the court of bulls, so to speak. As of the…
The doom merchants immediately start rejoicing as soon as Bitcoin begins to dump but in reality this is simply a normal and expected component of the market cycle. At the moment BTC is down just over 30 percent from its 2019 high but it could drop even further. Bitcoin Holds $9,500 There has been very…
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…
With a neutrally closing weekly candle traders and analysts are expecting this week to be a little livelier for Bitcoin. The weekend saw a little action but gains could not be maintained as BTC and altcoins fell back into their channels. No Progress Over $11k For Bitcoin Late Saturday/early Sunday saw BTC rise back to…
For a while now, Bitcoin (BTC) has seemingly moved with rhyme nor reason. Today, the crypto asset is down 7%, falling off of no clear fundamental event. And just four days, it was rallying by over 10%, pushing ever closer to near its year-to-date high of $14,000. Despite the day-to-day volatility, valuation models have begun…
Donald Trump has revealed he is “not a fan” of bitcoin or Facebook’s Libra in his first public comments on cryptocurrency. In a series of tweets, the US president said bitcoin enabled illegal activity and was ”not money”. However, his comments were welcomed by senior figures within the cryptocurrency industry and even appeared to boost its market value.…
Yesterday’s Bitcoin pullback has extended into Friday as further losses are mounting. The selloff has slowed however as BTC searches for its short term bottom and traders seek buying opportunities. The overall trend for the past few weeks however has been sideways. Bitcoin Slides 14% in Two Days From a touch of $13,000 on Wednesday…
Over the past four days, Bitcoin (BTC) has been through it all. After rallying to surpass $13,000 for the second time this year, the cryptocurrency paused, took a breath, then decisively lost steam as bulls failed to maintain momentum. As of the time of writing this, BTC sits at $11,300, down almost 13% in the…
Another big move by Bitcoin has seen the king of crypto break a crucial level of resistance which could result in greater gains this week. There is no denying the momentum at the moment as altcoins continue to get devoured by an increasing BTC market dominance. Bitcoin Breaks $13,000 Looking at the closing candles when…