Gold, oil, and even the US dollar, which have served as a reliable store of value for years, could soon lose that status, according to the Winklevoss twins. According to them, Bitcoin is the value to substitute and when this comes, it could facilitate a surge in its price to $500,000 and beyond. The Major...Read More
Despite Bitcoin’s tumultuous performance following an announcement of the US Federal Reserve regarding its new approach to average inflation targeting, the cryptocurrency has managed to stabilize around $11,400 where it’s currently trading at. Elsewhere, Chainlink and Polkadot are both in red but LINK has returned to the top 5 coins by market cap. Bitcoin Spikes...Read More
In a statement released an hour ago, the Chairman of the US Federal Reserve, Jerome Powell, revealed a serious policy shift aimed at average inflation targeting. As a result, the prices for gold, silver, and Bitcoin pumped collectively immediately after the announcement. However, all three assets have also decreased in a similar manner minutes after...Read More
Bitcoin’s chart looks pretty interesting right now. On the 4-Hour BTC/USD, there is a clear bearish convergence forming between the 50 and 100 EMA lines for the first time since July 22. This typically signals that there’s more downside to come as short-term momentum drops in comparison to the longer-range momentum. However, looking more closely at...Read More
A brief glimpse at the Bitcoin price chart over the past decade clearly shows that we are in what appears to be the early days of the fourth bull market cycle. The asset has experienced multiple boom-and-bust cycles in its brief history, and three can be clearly identified with tops and bottoms. 600 Days Into...Read More
The cryptocurrency market has lost $20 billion from its market capitalization, as the majority of cryptos in the red over the past 24 hours. Bitcoin’s current weekly low is at $11,100, while Ethereum reached the target of $370 as predicted by CryptoPotato. The giant blockchain, Polkadot, is trading around $5.40 after the DOT token was...Read More
Data from popular cryptocurrency monitoring firm reveals that institutional investors had a record-breaking number of leveraged short positions in Bitcoin futures contracts on the Chicago Mercantile Exchange (CME). While this might imply a lot of things, it appears that smart money is leaning toward bearish developments in the market. Of course, there’s always the possibility...Read More
The crypto space is experiencing another red day today as a further $13 billion disappears from the market. This exodus of investment has caused Bitcoin to unravel $300 in the last 4 hours or about $1,200 in the last week. While there are no apparent catalysts for the current decline, Federal Reserve Chairman, Jerome Powell,...Read More
Bitcoin price is attempting to re-enter the bullish ascending triangle pattern that it exited out of last Friday, August 21, when the asset unraveled $500 in 24 hours. This previous key support, which had helped prop up Bitcoin over eight times since July 28, 2020, is now acting as a strong resistance on the 4-hour...Read More
After a relatively calm weekend without any major price developments and following a retest of the $11,400 support on Friday, Bitcoin slowly recovers. It is currently trading around $11,700. Large-cap altcoins follow Bitcoin as ETH getting closer to $400 once again. After Friday’s crush, this is the day of the low-caps altcoins. Contrasting Altcoin Moves...Read More
In its latest report regarding Bitcoin, the leading digital asset management firm Grayscale has outlined the growing HODLing mentality from BTC investors, rather than so-called speculators. The company also asserted that store-of-value investment tools such as BTC are becoming more attractive to institutional investors, which could prompt a massive price surge soon. Bitcoin’s Growing Metrics...Read More
Bitcoin and most large-cap altcoins have recovered from yesterday’s price dives. However, most altcoins are still far from their last week’s all-time highs. Bitcoin Back To $11,600 The largest cryptocurrency by market cap dipped to the $11,400 support following another unsuccessful attempt to reclaim $12,000. The nosedive seemed somewhat steep, and speculations rose that BTC...Read More
Bitcoin futures aggregated open interest hit the $5 billion mark yesterday, but the overall trend seems to be declining. This points to a possibility that BTC derivative traders are quitting the market owing to lackluster price action. Will a gap at the $9700 price level result in a proliferation of short positions? Bitcoin Futures Open...Read More
Most of the cryptocurrency market is in red today. Bitcoin tanked to $11,400 briefly, but large-cap alts are losing more substantial chunks of value, thus helping BTC to reclaim some ground in terms of market domination. Bitcoin Drops Further BTC looked promising yesterday as the asset headed for another face-off with its well-known nemesis at...Read More
Bitcoin’s price had seen a four-day decline of over $1150, while the altcoins suffered even harder. Despite that Bitcoin is currently trading around the consolidation range from a week ago, we cannot ignore this week’s false breakout to $12,500. This turned to be a fake-out, and the bearishness that came out of this is clearly...Read More
This week has been quite the ride on the cryptocurrency markets, and, of course, Bitcoin was in the spotlight, at least for a while. The price started at around $11,700 and stayed there for a few days until Monday when we saw a significant move forward as BTC reached about $12,500. The cryptocurrency community was...Read More
Bitcoin Bitcoin continued its sideways movement this week as it remained around the $11,600 level. However, during the week, the cryptocurrency did push higher as it penetrated above the $12,000 resistance to reach the $12,400 level. Unfortunately, it was unable to sustain these highs as it rolled over to fall beneath $12,000 at the start...Read More
The cryptocurrency market has recovered from some of the losses it registered in the past few days. Bitcoin is up by 1%, while some altcoins are marking impressive double and even triple-digit gains with OMG Network leading the pack. Altcoins With Massive Moves The altcoin market became accustomed to significant fluctuations, and the past 24...Read More
The global crypto market continues to slide today as another $11 billion pours out. This exodus of investment has now kicked Bitcoin outside of the rising channel that it’s been tracking inside of (mostly) for the past 22 days. What was acting as reliable support has now flipped into a strong resistance level and could...Read More
Bitcoin has further declined to $11,750, while most of the larger-cap altcoins continue to bleed out with Ethereum close to testing $400. Lower-cap alts chart some notable performances in both directions. Bitcoin Dips To $11,750 The primary cryptocurrency attracted the community’s attention a few days ago when it reached a new yearly high of over...Read More
Bitcoin’s run above $12,000 was short-lived as the asset has tanked by 4% in the past 24 hours to $11,800. However, BTC’s dominance over the market has increased slightly as most altcoins have plummeted as well. Bitcoin Fails To Stay Above $12K Bitcoin’s latest attempt to conquer $12,000 seemed successful at first glance, unlike the...Read More
Bitcoin’s exciting bull run might be over as quickly as it started after prices failed to close above the $12,400 daily resistance yesterday. Any hopes of a parabolic continuation will now have to be put on hold as bulls recover from the sharp decline. In the last 24 hours, the global crypto market capital has...Read More
There’s never a boring day in the cryptocurrency field and things tend to change in the blink of an eye. Just earlier today, the total market capitalization was sitting comfortably at a 14-month high, and it took less than a few minutes for upwards of $10 billion to be wiped off its sheet. This happened...Read More
Bitcoin bulls have successfully retained its price above the psychological $12,000 level after yesterday’s push.Elsewhere, Chainlink retraced considerably since marking consecutive ATHs, while Yearn.Finance reached a fresh all-time high just a few hours ago. Bitcoin Price Holds $12,000 The primary cryptocurrency attempted to overcome the $12,000 mark a few times this year without any success....Read More
Changpeng Zhao, CEO of the world’s most popular crypto asset exchange, Binance, recently posted the milestone, adding that traffic is even higher than when Bitcoin was at a peak at the end of 2017. We are seeing ATH in terms of system traffic. Higher than Dec 2017. Should be interesting to see what happens next....Read More
Bitcoin has responded to the rising altcoins and just pumped to a new yearly high of over $12,400. By doing this, the primary cryptocurrency has increased its dominance over the market after reaching a new yearly low earlier today. Bitcoin To $12,400 and Beyond? As CryptoPotato reported earlier, Bitcoin stood still at $11,800, while many...Read More
Bitcoin price had been lingering under the $11,900 mark for the past 48 hours, despite another injection of $6 billion entering the global crypto market at that period. In the last hour, however, a sudden surge in buying pressure finally arrived, which assisted in driving prices over the psychological $12,000 resistance for the first time...Read More
The stock-to-flow (S2F) model is the brainchild of crypto analyst going by the twitter handle ‘PlanB.’ It was initially published in March 2019 and examines the relationship between the production of supply and the current stock available, essentially calculating Bitcoin’s value through scarcity. The model has mapped Bitcoin’s price with a high degree of accuracy,...Read More
Bitcoin stays stagnant at around $11,800, as of now, while most large-cap altcoins have calmed down in the past 24 hours. The situation among low-cap alts is radically different. Low-cap Altcoins On The Move Most large-cap alternative coins haven’t shown any significant fluctuations since yesterday. Ethereum is less than 1% down to $425, Ripple (-0.25%)...Read More
After some minor fluctuations from $11,750 to nearly $12,000, Bitcoin lowered its volatility level and trading around $11,900. Is BTC getting ready to conquer $12K? We will see. At the same time, most altcoins continue to be volatile again with some massive gains from EOS, Yearn Finance (YFI), and Kava and another all-time high from...Read More
