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US Presidential Election Unlikely to Alter Bitcoin’s Path: Analyst


Crypto analyst George McDonaugh says that the U.S. presidential election is unlikely to change the bitcoin price’s upward trajectory. He draws on a number of fundamental and technical factors to illustrate his point. For example, McDonaugh argues that the recent surge in the price of bitcoin...

Bitcoin Resumes Rally Above USD 13,400, Altcoins Gaining Traction


Bitcoin price remained well bid above the USD 13,000 pivot level and started a fresh increase. BTC broke the USD 13,300 resistance and traded to a new monthly high above USD 13,450. It is currently (13:00 UTC) consolidating gains and it might continue higher. Also, there was a strong recovery...

Bitcoin and Altcoins Likely To Resume Rally


After a strong rally towards USD 13,250, bitcoin price started a short-term downside correction. However, BTC remained well bid above the USD 12,700 zone. The price is currently (13:00 UTC) rising and it might accelerate gains once it settles above the USD 13,000 resistance. Similarly, most major...

Price Increase Drives 98% of Bitcoin Holders Into a State of Profit


The price of bitcoin jumped significantly on Wednesday after the payment processor Paypal announced cryptocurrency support. The jump in value has pushed a large number of bitcoin holders into a state of profit, according to Glassnode “percent of UTXOs in profit” statistics. Based on...

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