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Market Outlook: Golden Cross Invalidated, Andreessen Horowitz Predicts ‘Fourth Crypto Cycle’
24.5.2020
The price of bitcoin and a number of other popular cryptocurrencies have been collectively holding a market valuation of around $255 billion. The fiat value of these cryptocurrencies has slipped downwards during the last four days. Despite the weekly losses of around 3-6%, many digital currency...
Why All Eyes Should Be on the $9,000 Bitcoin Price Level This Week
24.5.2020
A sideways week for Bitcoin will not come as a surprise but BTC is still poised for a big move soon as it hobbles inside a tightening range
Bitcoin Price: Why Today’s Weekly Close Is Crucial to Avoid $8,000s
24.5.2020
Bitcoin price needs to secure a weekly close above $9,300 to avoid dropping below the ascending channel to revisit lows below $8,800
Bitcoin Price Ping Pong Within Tighter Range Hinting at $8.5K Next
23.5.2020
Bitcoin price looks shaky after dropping below $9.3K support but still remains in a general uptrend since March even if another pullback occurs
Wild Weekend for Bitcoin Price? US Lockdown Loosens on Memorial Day
23.5.2020
Bitcoin’s recovery to $10,000 is currently hindered by resistance at the 20-MA and with a holiday weekend coming up traders brace for volatility
Bitcoin Price Bulls Have Only One Objective Before Next Week Starts
22.5.2020
#Bitcoin price momentum stalls with the latest dip below $9K but here’s what can ignite a new bull market cycle
Bitcoin Traders Now Eye $6-7Ks After 4 Failed Attempts to Break $10K
22.5.2020
The price of Bitcoin is set to test lower levels as support after numerous attempts to break $10,000 have failed
Bitcoin Futures, Options, and Open Interest: Crypto Derivatives Break Records After the Halving
22.5.2020
Since the market rout on March 12, otherwise known as ‘Black Thursday,’ bitcoin futures and options contracts have seen significant demand. On May 14, CME Group saw the total number of outstanding derivatives contracts (open interest) touch a high of $142 million. Four days later,...
Market Wrap: Traders ‘Buy the Dip’ as Bitcoin Hovers at $9,000
21.5.2020
Bitcoin fell for a second day as sentiment grew bearish, though some traders say they’ll buy the dip
Bitcoin Use on Darknet Markets Jumps 65% to Over $400 Million in First Quarter
21.5.2020
Bitcoin transactions on darknet markets jumped 65% in value during the first quarter to $411 million, according to research by a blockchain analytics firm. The amount of bitcoin sent from darknet entities to mixers also grew rapidly as exchanges with verification requirements became less popular...
Market Wrap: Bitcoin Rebounds to $9,500 After Scary Sell-off
20.5.2020
Downward bitcoin prices could impact stakeholders more than ever before, including derivatives traders and miners
Bitcoin Price Drops 5% After Rejecting at Key $9,900 Resistance
20.5.2020
Bitcoin price dropped nearly 5% after rejecting at a key resistance level again, is it a buy the dip opportunity?
Bitcoin Just Painted a ‘Golden Cross’ But Is $10,500 Now Achievable?
20.5.2020
The recent golden cross between key moving averages has Bitcoin traders wondering if a strong upside move to $10,500 is in the making
Bitcoin Sentiment on Twitter Reaches Its Highest Level in 3 Years, Says Data Firm The Tie
20.5.2020
Positive investor sentiment about bitcoin (BTC) on Twitter has reached record levels – its highest in three years – triggered by the cryptocurrency’s supply cut earlier this month, data shows. According to crypto data company The Tie, the 30-day average daily sentiment score is...
Retail Investors Branch to Altcoins: ‘60% of Coinbase Customers Start With Bitcoin, Only 24% Stick Exclusively’
20.5.2020
On May 13, the San Francisco-based cryptocurrency exchange, Coinbase published a report that shows digital currency investors are investing in alternative cryptocurrencies despite bitcoin’s 67% market dominance. Data from Coinbase shows that customers with at least five crypto purchases...
Bitcoin Options Market Data Shows Mere 9% Chance BTC Reaches $20K in 2020
19.5.2020
Activity in the Bitcoin options market shows BTC has a 9% chance of reaching $20,000 by the end of 2020
Market Wrap: Here’s Why Ether’s Price Has Jumped 65% So Far This Year
19.5.2020
Ether is outperforming bitcoin in 2020 but has lower liquidity and different technical dynamics than the world’s largest cryptocurrency
Covid-19 Economy Fuels Faith in Crypto: Trust In Bitcoin Over Banks Increased 3X Since 2017
19.5.2020
The market research organization, The Tokenist, recently published a report called “Comparing Public Bitcoin Adoption Rates in 2020 vs 2017.” The study’s findings give a comprehensive look at the cryptocurrency ecosystem between 2017 and now. The researchers’ survey shows...
Bitcoin Price Stuck Sideways But Another $10K Retest May Trap Bears
19.5.2020
Bitcoin volatility and volumes are cooling off post-halving while a break in either direction could open the door to new market cycles
Market Wrap: Bitcoin Stuck in High $9K Range as Stocks Soar on Powell Comments
18.5.2020
Bitcoin treaded water in the high $9,000 range Monday as stocks rallied and traders wondered when the cryptocurrency would break five digits again