Category: Price Watch

Market data indicates OKEx whales are expecting Bitcoin to spike past $14k

Bitcoin is spiking higher once again as buyers continue to rush in. According to CryptoSlate market data, the price of Bitcoin currently trades for $13,680, its highest price this year, and a price just shy of 2019’s high at $14,000. Chart of BTC’s price action over the past two weeks. Source: BTCUSD from TradingView.com Analysts…

October 27, 2020
Bitcoin allure has darknet markets jumping to record highs (and scams)

Darknet marketplaces and their operators have been the focus of authorities since the last decade. But the rise of cryptocurrencies has seemingly borne well for such illicit online shops, with a recent CipherTrace report stating they have hit record highs (both number of shops and scams) in the past year. Crypto rise buoys darknet markets…

October 27, 2020
Analyst says retail investors entering Bitcoin market will push prices to $20k

Analysts have argued that much of Bitcoin’s recent upward price action is a byproduct of institutional players entering the fray. Open interest in the CME’s Bitcoin futures market, along with on-chain trends, suggests that a number of large players are the ones accumulating the coins, driving prices higher. An analyst says that once retail investors…

October 27, 2020
Uniswap volumes bump to $2 billion after attack on DeFi project Harvest Finance

Harvest Finance, a decentralized finance (DeFi) project led by an anonymous team, was attacked using a flash loan exploit earlier today leading to millions of dollars worth of FARM tokens stolen by hackers and its prices falling over 60% at press time. “The economic attack was performed through the curve y pool, stretching the price…

October 26, 2020
Bitcoin breaking $14,000 will bring a new “regime” of market dynamics

Bitcoin’s breakout this past week has captured the attention of those within this industry and those outside of it. CNBC and Bloomberg covered these moves to the upside extensively, and JP Morgan amongst other Wall Street investment firms and analysts weighed in on the rally. Analysts say that it isn’t time to be entirely excited…

October 24, 2020
Top DeFi coins Yearn.finance (YFI) and AAVE rip 10% higher as Bitcoin holds $13k

The past seven days have actually been quite mediocre for top coins in the decentralized finance (DeFi) space. Compared to Bitcoin and Ethereum, which both have gained around 15 percent in the past seven days, many DeFi coins have oscillated around a zero percent weekly performance. That’s to say, some DeFi coins are flat over…

October 24, 2020
Synthetix founder calls Bitcoin’s weekly chart the “most bullish thing” he has seen

Bitcoin’s price action over recent weeks and months has undoubtedly been bullish. In the face of macroeconomic turmoil and the worst pandemic in a century, the leading cryptocurrency has shot higher. In the past week alone, the price of one BTC has gained just under $2,000. The cryptocurrency is expected to move even higher in…

October 23, 2020
5 on-chain trends show Bitcoin fundamentals are “incredibly good”

Bitcoin is roaring higher after weeks of consolidation in a $1,000 range between $10,000 and $11,000. The leading cryptocurrency currently trades for $13,000, its highest price year-to-date, save for a quick blip above $13,200 on Wednesday. Underpinning this surge higher is a set of on-chain fundamentals and narrative fundamentals that are set to drive the…

October 22, 2020
PayPal to enable users to buy crypto assets, fueling strong Bitcoin momentum

PayPal, the $236 billion digital payments giant, will allow users to buy and sell crypto assets. The news adds to the strong momentum of Bitcoin (BTC), which has rallied 10% in the last five days. The daily price chart of Bitcoin. Source: BTCUSD on TradingView.com In an interview with Reuters, PayPal president and CEO Dan…

October 21, 2020
Financial analyst expects “fireworks” for Bitcoin in 2021 as macro trends align

Bitcoin has undergone a strong rally over the past few days as buyers have returned to this market. CryptoSlate market data indicates that Bitcoin is currently trading for $12,250, a price just shy of 10 percent higher than it was just a week ago. Chart of BTC’s price action over the past week. Source: BTCUSD…

October 21, 2020