Category: Price Watch

Famed technical analyst: Bitcoin risks short-term top or consolidation after big fall

John Bollinger, the famed technical analyst, believes Bitcoin could be heading down for lower. On the day, BTC dropped 4.5% since its peak following the explosive rally of the U.S. stock market. Bitcoin, gold, and other stores of value sharply pulled back after Pfizer reportedly announced a major vaccine milestone. Pfizer said its study on…

November 9, 2020
Nouriel “Dr. Doom” Roubini admits Bitcoin is a “partial” store of value

One of the most staunch critics of Bitcoin over the past few years has been Nouriel “Dr. Doom” Roubini. The New York University professor, known for predicting the 2008 Great Recession, has crusaded against the cryptocurrency market due to its affinity to online crime and scams. Roubini has also branded blockchain “vaporware,” despite many of…

November 8, 2020
ySqueeze: the effort that helped to drive Yearn.finance (YFI) 140% higher in 36 hours

Prior to today, Yearn.finance (YFI) was one of the worst-performing cryptocurrencies of the past two months. It had dropped 80 percent from its all-time high due to a number of bad PR events, coupled with massive short activity from large investors that saw a decline coming in DeFi. The short activity was evident due to…

November 7, 2020
Ethereum 2.0 deposit contract gains $17m in cryptocurrency in just 40 hours

There were some concerns shared in October that Ethereum 2.0 (a.k.a . ETH2 or Serenity) would not launch in 2020. Ethereum Foundation researcher Danny Ryan said in a podcast interview with Bankless that he thought a security audit would push back the launch of the ETH2 by a few weeks. The update was expected to…

November 6, 2020
This Swiss bank is now staking Tezos (XTZ) for its clients

Switzerland-based crypto bank Sygnum has become the world’s first regulated financial entity to launch a staking service for a major cryptocurrency, it announced in a post on Friday. Starting today, users will be able to stake Tezos (XTZ), a blockchain protocol that allows users to build their own decentralized applications atop its network. Sygnum will…

November 6, 2020
Bitcoin breaks $15k for first time since 2017—but this is the biggest hurdle

The price of Bitcoin (BTC) is demonstrating a parabolic uptrend. It has continuously surged past key resistance levels in the past 48 hours. In the near term, however, $16,000 remains the biggest hurdle. This also means that there is no real resistance above $16,000 to the all-time high at $20,000. Based on the strong high…

November 5, 2020
Ethereum price surges past $400 on news of ETH 2.0 contract release

Ethereum’s price ended its stagnation phase today after news broke regarding the deployment of the ETH 2.0 contract address that has been highly anticipated for many months. Before the contract deployment, ETH’s price was stagnant around $380, with it instantly seeing a 10% surge after traders caught wind of the development. Ethereum 2.0 is set…

November 4, 2020
No matter who wins the U.S. election, Bitcoin will likely rally: historical data

It’s been quite a volatile past day for the American public. The presidential election has begun, and while both sides are claiming victory, there is not a clear winner as of the time of this article’s writing. Bitcoin has seen strong reactions to electoral trends, first rallying strongly past $14,000 on expectations of a Biden…

November 4, 2020
History shows presidential elections often mark a turning point for Bitcoin

The presidential elections have long been looked upon as a serious catalyst for economic trends, with potential changes in power often altering the global markets’ course. Many analysts expect Bitcoin’s price also to be influenced by the elections. History does show that elections are turning points for Bitcoin, and they typically work in the benchmark…

November 4, 2020
Analyst: Here’s why Ethereum crashed 4% in a single second yesterday

Ethereum has faced a strong correction over the past few days as Bitcoin has slipped lower. As of this article’s writing, ETH trades for $370, around 7.5 percent below the $400 highs set just 36 hours ago. The cryptocurrency had trouble passing the key $400 resistance despite Bitcoin pushing to new year-to-date highs at $14,100…

November 3, 2020