It’s been an impressive past few days for the Bitcoin market. The leading cryptocurrency started the week at around $9,200, but now BTC trades at $9,700 after managing to benefit from a rally in the price of Ethereum. With the recent price action, analysts argue that Bitcoin is primed to see an explosive move higher…
Bitcoin’s price action in the time following its break above its multi-week trading range between $9,100 and $9,300 has been quite positive. The cryptocurrency is now starting to stabilize around $9,600, and buyers are slowly pushing through the key resistance levels that have been suppressing its price action. Despite the current strength, there are still…
Bitcoin is finally moving higher after weeks of boring consolidation. In the past seven days, the asset has rallied around 4.5%. A small performance, sure, but one impressive when considering how stagnant large-cap cryptocurrency market has been over recent memory. From a macro perspective, this recent price action may not seem to be of much…
Another week, another round of Crypto Tidbits. At long last, Bitcoin and other large-cap cryptocurrencies are breaking higher. The market leader, for once, has posted a strong move over the past seven days, moving as high as $9,690. The pivotal $9,700 resistance was rejected — Bitcoin now trades for $9,650 as of this article’s writing. Yet…
While the winnings of a bank heist can be hard to track, it’s a different story for Bitcoin and crypto hacks. Unless hackers use mixing and privacy technologies, the coins they steal from exchanges and individuals can be tracked through the blockchain. This was recently shown to be the case with the BTC stolen from…
It’s been an explosive past week for Bitcoin. After flatlining around $9,200 for weeks, the leading cryptocurrency surged as high as $9,690 on top exchanges during Thursday’s trading session. The cryptocurrency has since been rejected at that high, falling to $9,550 as of this article’s writing. This correction has not been welcomed. But Bitcoin stands…
Bitcoin’s recent price action has been rather lackluster compared to that seen in months and years past. For many weeks, the cryptocurrency was caught within a $200 trading range between $9,100 and $9,300. It has since broken out of this range and is flashing some signs of strength. The recent push higher that led it…
Pundits of cryptocurrencies and Bitcoin supporters alike all agree, that the biggest barrier to adoption is mainstream acceptance. It won’t be until crypto achieves VISA-level penetration that the asset class has a chance to replace cash. But how fast does that happen if VISA themselves fully embrace the emerging asset class? Following the payments giant…
Bitcoin dominance has been plummeting recently letting altcoins have their time in the crypto market spotlight for a change. But as altcoins begin to correct, BTC dominance is signaling that the asset is about to recover from the altcoin market’s rally against it. What does this mean for Bitcoin, and how will certain altcoins withstand…
Bitcoin declined during the Friday trading session after establishing its weekly top at $9,686. The downside correction appeared on rising profit-taking sentiment near $9,700, a historically strong resistance level. Analysts asserted that Bitcoin’s latest move is a sign of its bullish structure breaking, with one envisioning it to fall back towards $9,200. Bitcoin stepped back…