Over the past few days, Bitcoin has strongly outperformed altcoins, especially Ethereum and XRP. On Wednesday, when BTC was trading 8% down on the week, both ETH and XRP — the second and third-largest cryptocurrencies by market capitalization, respectively — were down nearly 15% since the weekly open, crushed under the pressure of BTC volatility.Related...Read More
Is the bottom in? Since Bitcoin (BTC) fell precipitously to $6,600 late last month, analysts have been asking if the leading cryptocurrency has finally found a price bottom after a multi-month downturn.Related Reading: Eat My Shorts: Everything You Need To Know About The Bitcoin Bart PatternAnalysts have understandably divided over the question, as the correct answer...Read More
In June, when Bitcoin was soaring above $10,000, nearly every trader and their mother expected the cryptocurrency to continue rocketing higher.Though, one analyst incessantly called for rationality to return to the crypto markets, claiming that this surge above $10,000 was a clear overextension of BTC’s long-term growth curve. He went as far as to say that Bitcoin...Read More
This week has been quite a tumultuous one for the Bitcoin market. As of the time of writing this, the cryptocurrency is effectively flat on the week, posting a slight loss of 1%. But this statistic hides the truth: this week has seen BTC undergo two 10% swings, one to the downside, then another to...Read More
In less than six months’ time, Bitcoin will see an extremely important event. Known as a “halving” or “halvening,” the number of coins issued per block to miners will get cut in half from 12.5 to 6.25, effectively meaning that BTC’s inflation rate will be cut in half in layman’s terms.Related Reading: Don’t Withdraw Bitcoin...Read More
The past three days have been an absolute whirlwind for Bitcoin, with the price of the leading cryptocurrency whipping between $7,150, $6,400, and everywhere in between, seemingly without rhyme or reason.Related Reading: Goldbug Peter Schiff Calls For Bitcoin To Close 2019 at A LossThis latest bout of volatility hasn’t gone unnoticed. Institutions trading cryptocurrencies have...Read More
The Ethereum price was at $130 at the start of the year on January 1st across major crypto exchanges. With 12 days left on the calendar, ETH is now net negative in 2019, which comes in stark contrast to the 70% performance that Bitcoin has seen in 2019.Related Reading: Bitcoin Halving Search Trend is Surging,...Read More
Sorry bulls, bears won’t give you any reprieve. On Tuesday, Bitcoin (BTC) continued to tank, perpetuating a downward trend established on Monday after the cryptocurrency fell from $7,150 to $6,800 in the span of a few minutes. Related Reading: Bitcoin Futures Gap Exists at $11,800; Can Bulls Fill the Gap?As of the time of writing this,...Read More
On Monday, the Bitcoin (BTC) price started to falter. After trading above $7,000 for days on end — a consolidation that forced volatility levels to hit multi-month lows— the cryptocurrency slipped on Monday morning, falling from $7,100 to $6,800 in three five-minute candles, catching many traders with their proverbial pants down.Despite the fact that the...Read More
The Italian cabinet has decided to financially assist Popolare di Bari bank with a 900 million euro-large capital injection. The establishment is the biggest lender in the southern part of the country. According to new reports from Italy, this Sunday, the country’s government decided to approve an emergency decree regarding one of its major lenders,...Read More
Bitcoin (BTC) has just lost the key support of $7,000 after trading above this level for over a week. This marks the first bout of volatility the cryptocurrency market has seen in weeks and, as such, may imply that a larger move in the downward direction may take place in the coming days.Bitcoin Drops Below...Read More
In a recent interview, Dan Morehead revealed his thoughts on bitcoin and its future, including the ability to disrupt at least 50 industries. With 2019 looking to end, bitcoin has been one of the hottest topics this year, as many expect the next decade to be all about digital currency. For the moment, BTC’s price...Read More
Bitcoin hasn’t had the best second half of 2019. In fact, since the end of June, the leading cryptocurrency has collapsed by 50%, now trading at $7,000 after establishing a year-to-date peak at $14,000.This collapse has made many cryptocurrency critics revel. Mark Dow, a prominent hedge fund manager that became famous in the crypto space...Read More
Last week, the one-week Bitcoin chart printed an extremely bullish sign: the golden cross of the 50-week and 100-week simple moving averages, with the former crossing above the latter. (As an aside, a golden cross is when a short-term moving average crosses over a long-term one to imply bulls have control.)While this is a decidedly...Read More
While all eyes have been on Bitcoin as of late, it may be time to pay XRP some heed. A top analyst recently noted that the popular altcoin is on the verge of seeing a bout of strong volatility, with the tug-of-war between both bulls and bears heating up on both sides, creating tighter and...Read More
If you have perused Bitcoin and Crypto Twitter at all over the past few weeks, you’ve likely seen the term “miner capitulation” mentioned again and again.You see, over the past few months, the price of BTC has fallen off a proverbial cliff, tanking from $14,000 to $7,000 in a matter of months. As this has...Read More
Over the past few months, the crypto industry has been awash with news about the PlusToken Bitcoin scam, which allowed scammers to accrue billions worth of digital assets over the course of a year-long operation.For some context, PlusToken was a cryptocurrency “wallet” and storage solution that gave users returns on their deposits and also gave...Read More
Friday, Dec 13 saw phase-one deal of the US-China trade deal. Following this, shares of Apple (AAPL) have increased considerably. The shares rose 1.36% on Friday to an all-time high of $275.30. The new tariffs will be applied from Sunday. Following this, Apple will manage to waive 15% tariff that would have been applied to...Read More
Is the bottom in? Since Bitcoin (BTC) fell precipitously to $6,600 late last month, analysts have been asking if the leading cryptocurrency has finally found a price bottom after a multi-month downturn.Related Reading: Eat My Shorts: Everything You Need To Know About The Bitcoin Bart PatternAnalysts have understandably divided over the question, as the correct answer...Read More
Since Bitcoin (BTC) tapped $6,500 in late-November, analysts have been wondering if the bottom is really in. You see, the leading cryptocurrency bounced by 20% from $6,500, hitting $7,850 just a week after that.Now, the crypto is trading for $7,400 a pop, seemingly trying to establish a market trend for the coming week. While some...Read More
Another week, another round of Crypto Tidbits. Bitcoin saw an effectively flat week, gaining 0.08% over the past seven days according to Coin360.com. Altcoins have posted similar results, or rather, a lack of results, with a majority of cryptocurrencies posting gains or losses of a percent or two.Analysts from Bloomberg and other top industry firms are...Read More
Bitcoin owners have had many things to worry about over the past months. For instance, the price of BTC has tumbled by some 50% since June of this year, falling as low as $6,600 from $14,000. Also, there’s been increasing regulatory scrutiny from some of the world’s most powerful governments and entities due to Facebook’s...Read More
XRP Chart Strong It seems that cryptocurrency bulls are back — at least for now. Over the past 24 hours, Bitcoin has gained 7%, rallying to $8,400 from this weekend’s local low of $7,700. Interestingly, altcoins have managed to keep pace with the market leader, posting similar if not greater gains. XRP, for instance, has...Read More
Last week, Bitcoin (BTC) plunged like a stone in water, falling through the $10,000, $9,800, and $9,500 price supports in rapid succession. But on Monday — Labor day for the U.S. and Canada — the cryptocurrency mounted a strong recovery, surging by 7% on the day.Related Reading: Buy Bitcoin: Legendary Hedge Fund Manager Bashes QE,...Read More
While selling pressure has undoubtedly dissipated, the Bitcoin (BTC) price is still struggling. As of the time of writing this article, the cryptocurrency is trading for $9,550, which is 6.5% lower than BTC was at one week earlier.Related Reading: Prominent Investor Says Bitcoin Has “Failed” As a Safe Haven: BTC Slips 5%But, bulls might get...Read More
As Bitcoin bulls have failed to maintain the momentum seen from April to late-June, fear has started to grip the cryptocurrency market.Related Reading: Bitcoin Price Rallies On Latest Trump Volley, Analysts Expect Further UpsideAnalysts are starting to suspect that BTC has further downside, despite the fact that it has already collapsed 35% from its year-to-date...Read More
Bitcoin has undoubtedly had a stellar 2019 so far. Year to date, the cryptocurrency has gained some 200%, rallying from around $3,500 to $10,000.Related Reading: Bitcoin: Crypto-Like Global Monetary System To Be a Boon For BTCWhile this market’s whales have undoubtedly benefited from this performance, data suggests that a good majority of BTC users are...Read More
Your favorite altcoin may be up 100% year-to-date, but make no mistake, Bitcoin is currently the alpha of the cryptocurrency pack.Related Reading: Bears in Charge as Bitcoin Price at Risk of November 2018 Style DumpSince Bitcoin dominance hit some 32% in early-2018, altcoins have underperformed. Dramatically. In fact, dominance for the leading cryptocurrency now sits...Read More
Just 72 hours ago, Bitcoin investors were bullish. After remaining in the low-$10,000s for a number of days, the cryptocurrency suddenly broke out, moving past key resistances. It even tapped $11,000 after a surge of buying pressure.This surge higher made some analysts bullish, as the reclamation of $10,800 and other key technical levels was a...Read More
Historical Trends Show Bitcoin Might Have Bottomed At $3,100 The Mayer Multiple, a measure conceptualized by diehard Bitcoin investor and evangelist Trace Mayer, seems to be signaling that BTC might have bottomed. As explained by analyst Crypto Kea, the multiple, which weighs the price and 200-day moving average (key support/resistance), recently passed 1.0 after falling...Read More
