The research added that around 14% of the total supply is currently held in accumulation addresses. The findings by on-chain analytics firm Glassnode report that there has been a steady up trend in Bitcoin accumulation since the beginning of 2019. The chart overlays price action and the two do not appear to be correlated as...Read More
Despite a promising start to the week, the bullish Bitcoin traders have struggled to maintain momentum. In the last few hours, bears have successfully overcome the intra-week support (white line), which was helping to keep BTC in an uptrend, and are now threatening to drive prices back towards the 0.5 Fibonacci level at $11,150. Looking...Read More
Financial strategists at JP Morgan have projected a bleak outlook for bitcoin prices in the short term. According to them, the cryptocurrency has a higher price and is trending at 13 percent over its ‘intrinsic value.’ They based their analysis on ‘positioning indicators’ derived from bets made by traders in the futures markets. But does...Read More
After spiking to a new monthly high of about $11,700, Bitcoin has retraced slightly in the past 24 hours and sits at $11,400. Most altcoins have followed suit by charting minor losses. Bitcoin Drops To $11,400 As CryptoPotato reported yesterday, Bitcoin was heading upwards and reached a new 5-week high above $11,720. In the following...Read More
Popular bitcoin commentator Lark Davis, who goes by the name of ‘TheCryptoLark” on Twitter, just shared a BTC trend chart that has ‘bullish’ written all over it. Lark says that the top cryptocurrency is on the cusp of crossing the 50-day moving average, and every time it happened in the past, BTC rallied 42 percent...Read More
In a suddenly galvanizing rally, Bitcoin’s price shot to the $11,700 mark last night. Open interest has soared and is now at a 1-month high. Bitcoin traders are opening long positions and this trend was pointed by Willy Woo as well. At $4.3 Billion, Bitcoin Futures Open Interest Tops 1 Month High Also, a noticeable...Read More
Bitcoin has continued with its recent impressive performance to a new monthly high of about $11,700. Some altcoins have followed BTC on the way up. Ethereum has increased to $385, while BNB has returned to the 5th spot. Bitcoin Spikes To A New Monthly High In the past 24 hours, the primary cryptocurrency seemed to...Read More
Crypto traders are excited, especially after Bitcoin’s price boost following Square’s millionaire investment in the world’s first cryptocurrency. Bitcoin managed to survive a bearish September above 10K, maintaining its long-term bullish trend. Since the market crash in March, Bitcoin hasn’t lost its momentum, and after an initial recovery – driven in part by the need...Read More
The odds of Joe Biden winning the upcoming Presidential election and significant progress being made on the coronavirus vaccine front are unnaturally high, as per Goldman Sachs. Also, what is extremely possible is the US Dollar’s drastic drop to its 2018 lows because of these two probable events, according to the global banking giant. Will...Read More
Bitcoin price is soaring right now as the US legacy market opens up to begin the new week. Just hours ago, the leading cryptocurrency had completed a bearish Bart Simpson pattern after crashing down to $11,175 following an extended period of sideways chop. It was looking as though the asset was about to head down...Read More
Bitcoins worth more than $11 million was moved in a single transaction yesterday, October 11th. Data from on-chain analytics providers reveals that the huge amount has been sitting idle for the past 10 years as this was the first time it was moved. Another Stack of Satoshi-era BTC Transferred Yesterday It appears that the transactions...Read More
Plenty of speculations are already out there regarding the new all-time high that Bitcoin might hit throughout its new bullish cycle. One of them is particularly positive, using the historical performance of BTC during the last major bull run as a reference. Bitcoin to $400K in Next Bull Run According to a popular industry expert...Read More
Following yesterday’s slight retraces within the cryptocurrency market, most coins have charted green once more. Bitcoin has jumped to about $11,400, Ethereum nears $375, and further volatility comes from lower-cap altcoins. Bitcoin Stands Solid Above $11k As CryptoPotato reported a few days ago, Bitcoin broke above $11,000 after weeks of struggling beneath that level. Since...Read More
The hype of the crypto markets after Square announced a $50 million investment in Bitcoin catapulted the token above the psychological barrier of $11k, sparking a general optimism among BTC bulls… But the bears are also rubbing their hands as they wait for a price correction. According to data from the Bitcoin metrics company, Santiment,...Read More
Following yesterday’s surge to about $11,500, Bitcoin has retraced slightly and trades at about $11,350. Most altcoins have also calmed after charting two consecutive days of gains. Bitcoin Steady Above $11K As reported yesterday, the primary cryptocurrency initiated an impressive leg up. Bitcoin went from about $10,900 to its new monthly high of nearly $11,500...Read More
Bitcoin took a break from trading during the month of September, with relatively low volatility. As shown on the following 4-hour chart, the marked symmetrical triangle was basically the story of September: Started with a massive dump and a slow consolidation, since then, around $10,600. As can be seen below, Thursday signaled a breakout –...Read More
After trading below $11,000 for weeks, Bitcoin finally broke above that psychological level with a 5% increase in the past 24 hours. The altcoins have come along for the ride, and the market cap has jumped by nearly $20 billion since yesterday. Bitcoin Breaks Above $11,000 Bitcoin was steadily increasing in the past few days...Read More
As a part of an active Bitcoin and cryptocurrency education/awareness campaign, 350 members of the Spanish parliament (read deputies of Congress) have received a euro worth of BTC. This move mirrors the ‘Crypto for Congress Educational Initiative’ launched by the Washington-based Chamber of Digital Commerce to acquaint Members of the United States Congress with blockchain...Read More
Bitcoin Bitcoin saw a 5.6% price increase over the past seven days as it finally breaks above the $11,000. The cryptocurrency was trading within a symmetrical triangle pattern since mid-September and struggled to break above this consolidation until yesterday. BTC was trading at the 100-days EMA last Friday as it rebounded from here and started...Read More
Bitcoin’s hashrate, or computing horsepower, has hit its highest ever level indicating that the network has never been in better shape in terms of security. Hashrate High The new milestone of 170 exahashes per second was noted by on-chain analytics provider Glassnode which added that it is a 40% increase since the halving in May....Read More
Following yesterday’s announcement that Square has purchased $50 million worth of Bitcoin, the asset has reacted with a significant price jump to $10,900. Most altcoins have followed suit and the cryptocurrency market cap has increased by $12 billion. Bitcoin To $10,900 Due To Square? Bitcoin was in a bit of a pickle in the past...Read More
Bitcoin’s price has managed to climb $300 today and break bullish out of a 19-day consolidation pattern (white dashed lines). This is pretty surprising considering the recent Kucoin hack, BitMEX investigation from the CFTC, and the potential for a second wave of lockdowns worldwide. In just 6 hours, $12 billion flooded back into the crypto...Read More
Noted on-chain market analyst Willy Woo is of the opinion that Bitcoin’s network fundamentals including blockchain data and infrastructural metrics are going pretty strong. But the BTC market has still not caught up on this ‘moon-like’ action. Willy believes it will, only next year. Bitcoin On-chain Data And Metrics From Infrastructure Players are in ‘Moon...Read More
Bitcoin has charted minor gains in the past 24 hours by following Wall Street once again. Most large-cap altcoins have remained calm with Ethereum hovering around $340 and Ripple trading at $0.245. Bitcoin Steadily Follows US Stocks The primary cryptocurrency headed south yesterday and dipped to $10,525. Although Bitcoin started recovering rather rapidly, it dropped...Read More
Bitcoin has had a slow last few weeks, that’s for sure. It appears that the cryptocurrency is trading within a narrow range, unable to swing convincingly in either direction. This is reflected in its historic volatility, which has been falling quite a bit. In fact, it’s currently at a point where, usually, a huge move...Read More
Bitcoin price appears to be tracking in another classic whale manipulation pattern right now, after yesterday’s sharp $200 crash during the US trading session. The details of this pattern have already been covered extensively in a previous analysis, but for those of you not familiar, it essentially represents a strategy employed by large BTC traders...Read More
Bitcoin has failed to sustain its recent bullish run and has dropped to approximately $10,600. Most alternative coins have mimicked BTC’s move, resulting in a $10 billion loss from the total market cap. Bitcoin Fails At $10,800 As reported yesterday, Bitcoin had reacted positively on news that US President Donald Trump left the hospital after...Read More
On the back of remarkably fast recovery from the virus which has taken over 210,000 American lives, President Donald Trump abruptly ended talks with Speaker Nancy Pelosi and Democratic leaders over new economic aid packages. All three major U.S. stock indexes lost solid gains from earlier in the day and fell into negative territory after...Read More
The world’s first cryptocurrency, Bitcoin, could have a $100,000 price tag 5 years from now, Bloomberg senior commodity strategist, Mike McGlone said. BTC has an illustrious history of adding more zeros to its value since 2011. This trend could continue well into the future. Also, the first cryptocurrency could attain a $14,000 price by the...Read More
Over the past 24 hours, Bitcoin has continued to rise in value gradually and now sits above $10,750. The price increase follows impressive gains registered on Wall Street during yesterday’s trading session, after news that US President Trump has returned to the White House. Bitcoin Follows Stocks Up As CryptoPotato reported yesterday, Bitcoin touched $10,750...Read More
