Bitcoin has finally seen some strength after days upon days of consolidating in the low-$9,000s.As reported by NewsBTC, the cryptocurrency saw a sudden breakout on Monday. BTC reached a local high of $9,800, the highest price in one and a half weeks.BTC’s strength was seemingly related to that of the Nasdaq. The leading equities index…
Bitcoin is up more than 3%, and it broke the key $9,500 resistance against the US Dollar. BTC is currently trading in a positive zone, and it could continue to rise towards $10,000.Bitcoin is up over $300, and it broke a few significant hurdles near $9,500.The price traded close to the $9,800 resistance zone, and…
While many in Washington D.C. are hesitant to give Bitcoin their support, a Congressman recently took to Twitter to support this nascent space.Related Reading: Crypto Tidbits: Bitcoin Holds $9k, Ethereum DeFi Gains Traction, Trump Talked BTC in 2018Congressman Throws Weight Behind Bitcoin, Calls It “Sound Money”On June 22nd, the Congressman of Ohio’s eighth district, Warren…
The correlation between Bitcoin and the S&P 500 has proven to be dangerous for the first-ever cryptocurrency. It even helped to drag down the asset during the Black Thursday collapse.The crypto asset’s new bull market on the horizon. Yet the correlation with the stock market is once again nearing all-time high levels and at risk…
New rumors circulating the web suggest that payments processing giant PayPal and subsidiary Venmo are making a major play in crypto.What are the two powerhouses planning and how might it impact the crypto market in the future?PayPal and Venmo To Begin Selling Bitcoin, Launch Crypto WalletIf you can’t beat ’em, join ’em, goes the saying.…
After stalling in the low-$9,000s for a series of days, Bitcoin has finally shown some strength. Over the past six hours, the cryptocurrency has shot higher from $9,400 to a local high of $9,650 on margin exchanges.BTC’s rally comes shortly after a ~$12 million block of sell orders on Binance was “pulled.” This reduced the…
Bitcoin is trading nicely above the $9,300 and $9,220 support levels against the US Dollar. BTC is likely to continue higher towards $9,500 and $9,800 as long as it is above $9,220.Bitcoin is forming a strong support base above the $9,220 support zone.The price is currently trading above the $9,300 level and the 100 hourly…
Bitcoin could be coiling up to make a massive bear-favoring movement in the days and weeks ahead.This weakness could mark a resolution to the multi-week trading range that it has been caught within, potentially causing investors to see intense losses in the weeks ahead as some analysts set downside targets within the $7,000 region.There are…
For the umpteenth day in a row, Bitcoin has stalled in the low-$9,000s. Bulls and bears have found themselves at an impasse, with neither side forming a trend as there is also indecision in the equity market.Bears may soon take the high ground as a trader has noted that Bitcoin is approaching a multi-million-dollar sell…
Bitcoin’s consolidation over the past few weeks hasn’t been seen as bullish by everyone. Case in point: institutional traders on the CME are currently net short on BTC futures.Yet, a trader says that those shorting have “terrible odds” of making money.Related Reading: Ethereum Could Soon “Rally Hard” as DeFi Hits Escape Velocity: Fund ManagerBitcoin Is Historically…