The last few days have been quite dramatic in the cryptocurrency industry, for Bitcoin to Cardano.On Monday, Bitcoin sliced through the $10,000 resistance level for the first time since the beginning of the year.Following the upswing, some of the most prominent analysts in the industry affirmed that the increasing rift between the U.S. and China…
As of June 1st, Ethereum was up 25% in the past week alone. But right on cue, the cryptocurrency market saw a harsh correction on Tuesday morning that wiped out the gains seen on Monday.Bitcoin crashed $1,500 in three minutes on BitMEX, while other cryptocurrencies such as ETH experienced losses in their own markets. This…
Just 24 hours ago, Bitcoin had rocketed back above $10,000 for the first time in weeks. It was a move that liquidated over $100 million worth of BitMEX shorts, shocking investors across the industry.At the time, investors were extremely optimistic.Galaxy Digital co-founder and CEO Mike Novogratz shared around the time of the surge that Bitcoin…
After a relatively long stagnation phase, volatility has returned, and Bitcoin has done nothing but shoot up. Several indexes suggested that a price breakout was imminent. But nobody would have thought that the $10,000 resistance level will break so easily.The recent price action sent investors and market participants alike into “greed,” according to the Crypto…
After coiling under $10,000 for days, Bitcoin saw an explosive breakout on Monday.The cryptocurrency reached a local high of $10,429 during the surge higher, around $1,000 higher than where it had traded at just days earlier. $10,429 is the highest price BTC has traded at since February’s highs.While the price action has undoubtedly been bullish…
Bitcoin has finally done it. Minutes ago, the asset rocketed past $10,000 for the first time in weeks, reaching as high as $10,250 in a massive surge upward. This was a more than 7% jump from where the cryptocurrency was trading prior to the move.Traders were largely unaware that this move was going to happen.As…
Update (3 hours after the close): Bitcoin has closed the May candle above the crucial $9,360 level, managing to take $9,450. Analysts say this is “incredibly significant for bulls” and may show that there is more upside in the works.This is an assertion that can be corroborated by other market factors.For instance, blockchain data startup…
After plunging last week, the Bitcoin market has mounted a hefty recovery over the past week. The leading crypto asset traded as high as $9,700 on Saturday evening — just a few percentage points shy of the monthly high.Ethereum has fared even better, with the asset pushing 10% higher within a 24-hour time period this…
After days of stagnation and consolidation, Bitcoin started to mount a strong comeback earlier this week.The leading cryptocurrency now trades for $9,650 — the highest price in over a week and more than 13% higher than the ~$8,550 lows seen during a retracement earlier this month.But Bitcoin remains below a crucial region of resistance that…
The past few days have seen Bitcoin recover strongly from the weekly lows of $8,600.As of the time of this article’s writing, the flagship cryptocurrency sits at $9,400, just over $200 shy of the weekly high of $9,650.It’s a strong rally that has convinced many traders of the bull case, but one prominent analyst suggests…