Following a few days of severe price drops, the cryptocurrency market is in a state of recovery today. Bitcoin has surged from $10,300 to nearly $10,800, while Ethereum trades above $340. Bitcoin Bounced Off $10,130 After bottoming at $10,130 a few days ago, the primary cryptocurrency started recovering yesterday and hovered around $10,400. In the...Read More
Bitcoin’s price has just closed underneath the primary channel support (yellow line) on the daily chart for the first time since April 26, 2020 – over 151 days ago. This could spell doom for the leading crypto’s short to mid-term prospects unless significant bullish volume arrives to drive BTC back into the up-trending channel. According...Read More
After reclaiming some ground yesterday, Bitcoin has returned to its recent bearish trend by dropping below $10,300. Most altcoins follow with some notable price dips, resulting in a near $10 billion evaporated from the total market cap. Bitcoin Dips Below $10,300 As reported yesterday, the primary cryptocurrency recovered some of the recent losses and traded...Read More
MicroStrategy’s recent purchase of $425 million worth of Bitcoin rapidly grasped the community’s attention. More specifically, people wonder if, what, or how much was the impact on BTC’s price and different theories emerge frequently. Take-One: MicroStrategy Buys BTC The large NASDAQ-listed company providing business intelligence, mobile software, and cloud-based services purchased its first batch of...Read More
Most of the cryptocurrency market is finally taking a breather after a few consecutive days of price drops. Bitcoin sits just shy of $10,500, but some large-cap altcoins like Ethereum are still displaying issues. Bitcoin Hovers Around $10,500 In the past couple of days, Bitcoin went from a top of $11,150 to a bottom of...Read More
Bitcoin has returned into its former range between the 0.236 Fibonacci level at $10,446 and $10,000 after prices crashed a further 3% yesterday, around 15:00 (UTC+1). This was the level that took over nine days to successfully clear earlier in the month and could keep prices suppressed again if volume remains low. On the 4-hour...Read More
The cryptocurrency market cap lost about $18 billion of value since yesterday. Bitcoin plummeted by nearly $700 to $10,300 at one point, while the altcoins have it worse with some vigorous double-digit drops. Bitcoin Falls Hard Just a few days ago, Bitcoin attempted to overcome the psychological $11,000 level on two occasions. However, the asset...Read More
The price of Bitcoin (BTC) on major exchanges has dropped by approximately 2.9 percent to $10,558.60 over the past 24 hours, as of press time —sparking widespread declines throughout the wider cryptocurrency market. Tokens relating to decentralized finance have seen particularly harsh declines of late, and BTC’s drop in valuation since a failure to push...Read More
Bitcoin’s price is back in decline as $12 billion suddenly evaporated off the crypto market cap. This includes approximately $10 million worth of BitMEX BTC longs, which have already been liquidated due to the sudden breakdown. In the last 4 hours, BTC has tanked over 3% from $10,900 to a low of $10,560 and broken...Read More
Although BTC dipped to $10,750 yesterday, the asset is back near the psychological $11,000 level. Most alts are trading in the red as the entire market cap has lost over $8 billion from yesterday’s peak. BTC Bounced Off $10,750 After two consecutive rejections at above $11,000, Bitcoin headed for a correction yesterday. The primary cryptocurrency...Read More
Bitcoin jumped to a fresh 2-week high above $11,150 but got rejected once again and is down below $11,000. Meanwhile, the value of the 400 UNI tokens airdropped to anyone who used Uniswap before September 1st reached almost $3,500. Bitcoin Paints A New 2-Week High As reported by CryptoPotato yesterday, Bitcoin displayed issues when trying...Read More
Even though the past week was positive for Bitcoin, the recent price action could raise some question marks for the Bulls. After starting the week below $10,500, Bitcoin was able to break above the old tough resistance and reach back to the $11,000 are. However, while Bitcoin gained 5% over the past week, most of...Read More
Bitcoin took another swing at $11,000 but got rejected, and trades just shy of the coveted level. Most alts are retracing slightly, while UNI continues to attract attention, and its price has increased to $7. Bitcoin Stopped At $11K After yesterday’s relatively calm price performance, the primary cryptocurrency initiated another leg up towards $11,000. The...Read More
Bitcoin Bitcoin saw a positive 6% price increase this week as it edges its way toward the $11,000 level. The cryptocurrency was trading within a symmetrical triangle pattern last week after consolidating prior for 10-days. This symmetrical triangle broke over the weekend – providing the first signal that BTC was about to push higher. After...Read More
Most of the cryptocurrency market has been relatively calm in the past 24 hours. Bitcoin trades around $11,000, and Ethereum jumps by 2% to $385. Most of the attention went to Uniswap’s governance token (UNI) that launched yesterday. After listings on the most prominent digital asset exchanges, UNI trades at $5.3. Bitcoin Remains Below $11K...Read More
Bitcoin bulls are recovering after failing their first attempt to break over $11,000. Despite a promising rally over $10,900, the surging momentum was insufficient to overcome the strong selling pressure at the critical psychological level. BTC breaking into the overbought region on the 4H RSI will have also contributed to the downward force bearing on the...Read More
Social mentions about bitcoin have touched an all-time low on Twitter. Also, BTC deposits on major cryptocurrency exchanges are dropping steadily and are at their lowest levels since November 2018. Will these two developments push bitcoin prices higher in the near term? Bitcoin’s Social Sentiment On Twitter At An All-time Low As per crypto market...Read More
Bitcoin surged intraday and topped at a new 2-week high of $11,100 but has retraced below $10,900 since then. Most altcoins recover from the recent losses, with Ethereum rising with 4% to about $380. Bitcoin To $11,100 And Back After trading at about $10,800 yesterday, it seemed that Bitcoin reacted positively to the US Federal...Read More
Bitcoin continues with its steady increase and reached an intraday high of $10,900. On the other hand, most alternative coins are losing substantial chunks of value, and BTC has increased its dominance over the market. BTC Nears $11K The primary cryptocurrency has been performing somewhat positive in the past few days. BTC marked a fresh...Read More
Bitcoin is stealing all of the attention right now in the crypto market, with a 1.6% gain over the past 24 hours while most altcoins have plunged into the red. According to Coinmarketcap data, $8 billion was added to the market today from 10:00 to 13:45 (UTC+1) and then quickly evaporated 4 hours later. The...Read More
Bitcoin buy liquidations on BitMEX surpassed twice the volume of sell liquidations. And with aggregated open interest and daily volumes ticking higher, Bitcoin futures markets are looking bullish. Options markets have not stayed back either on the ‘being bullish’ front.’ Could this mean that traders are going long on BTC? Will the top cryptocurrency make...Read More
Bitcoin’s 3.5% increase led to its highest price level in about 12 days, while also increasing its dominance over the market. The top 10 coins by market cap see more rotations, as some alts have followed BTC’s move upwards. Bitcoin Tops At $10,840 As reported yesterday, the primary cryptocurrency had issues with the resistance at...Read More
Bitcoin’s price has finally broken above the $10,580 range high and is now surging towards the psychological $11,000 mark. The increase appears to have been caused by an influx of $12 billion flooding into the crypto market during the US trading session. This uptick in investment has helped lift the entire market back into the...Read More
After the gains registered during the weekend, most cryptocurrencies are retracing today. Bitcoin declined from its weekly top of $10,560 to $10,350, while Ethereum lost 4.5% of its value to $370. Bitcoin Rejected At $10,560 During the weekend, Bitcoin broke above the resistance at $10,500. BTC topped at $10,560 yesterday, but it couldn’t maintain its...Read More
As of writing these lines, Bitcoin’s price has fallen back down to the $10,300 level in the last few hours, after bears overpowered a second breakout attempt from the current range. Looking at the candles more closely over the 1-hour time frame, it seems like this latest move was orchestrated by whale traders to trick...Read More
Bitcoin has taken another swing at the previous 2020 high of $10,500 and currently trades above it. Ethereum nears $400, while the top 10 tokens see a few rotations, including Polkadot and Binance Coin. DeFi tokens are booming again with Yearn.Finance marking a new all-time high of about $44,000. Bitcoin Progresses Steadily The primary cryptocurrency...Read More
Bitcoin continues to trade in the five-digit territory and even spiked towards $10,400. Binance Coin (BNB) is among the best performing tokens today, while most other larger-cap alts are marking minor gains. Bitcoin Struggles At $10,400 After the unsuccessful attempt to overcome $10,500, Bitcoin dived yesterday and bottomed at about $10,200. However, the bulls interfered...Read More
Bitcoin Bitcoin moved sideways this week as a consolidation pattern appeared in the form of a symmetrical triangle. This triangle is best seen on the hourly charts and is highlighted by the white boundaries. The cryptocurrency dropped by a steep 15% in September from $12,000 to the current $10,260 level. The $10,000 level provided strong...Read More
The last few days have been nothing but sloppy in terms of Bitcoin’s price action. The cryptocurrency dipped below $10,000, recovered, and, most recently, failed to conquer $10,500. According to a popular Bitcoin analyst, there’s an important level that should hold if we are, indeed, in a bull market. This Level Should Hold Bitcoin’s Price...Read More
Most of the cryptocurrency market is retracing on a 24-hour scale despite increasing in value intraday. Bitcoin surged to nearly $10,500 but is back below $10,300, while Ethereum dips to $360. Bitcoin Stopped At $10,500 The positive news for the primary cryptocurrency is that its price remains in the five-digit territory. In fact, Bitcoin even...Read More
