Category: Price Watch
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Economist: Gold shows that Bitcoin could see further upside despite “blowoff top”
Bitcoin bore witness to some intense volatility overnight that rivaled that seen in mid-March. Although the cryptocurrency’s losses were somewhat limited following its intense rejection at $12,000, the speed at which its price declined was jarring. In the aftermath of this movement, bulls have been striving to establish the lower-$11,000 region as support, but the…
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Bitcoin drops $1,500 in 9 minutes causing $1 billion in longs liquidated
The crypto market is not one for the faint-hearted. And in true fashion, Bitcoin and other cryptocurrencies suddenly plunged over 10-15% earlier today before quickly recovering. But the recovery didn’t necessarily bear well for some traders: Close to $1 billion worth of Bitcoin and Ethereum longs were liquidated in the move. A $1,500 drop On…
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Bitcoin’s network activity is at its highest since 2017 as bulls awaken
Bitcoin just set fresh 2020 highs today, close on the heels of it posting its highest monthly candle seen since mid-December of 2017. The robust market structure formed in the time since BTC broke out of its macro consolidation phase isn’t unwarranted, as the recent push higher has been driven by intense fundamental strength. One…
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Bitcoin’s network activity is at its highest since 2017 as bulls awaken
Bitcoin just set fresh 2020 highs today, close on the heels of it posting its highest monthly candle seen since mid-December of 2017. The robust market structure formed in the time since BTC broke out of its macro consolidation phase isn’t unwarranted, as the recent push higher has been driven by intense fundamental strength. One…
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Bitcoin’s short-term skew collapses as CME options volume rockets
Bitcoin’s short-term market dynamic has shifted greatly following the volatility seen overnight. This turbulence caused the benchmark cryptocurrency to rally to highs of $9,700 before posting a slight rejection that led it back down to the lower-$9,000 region. It now appears that options traders are beginning to grow increasingly bullish on the cryptocurrency – a…
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Cardano (ADA) continues showing signs of strength as development activity booms
Cardano (ADA) has been caught within an intense uptrend in recent times, which has allowed it to firmly outperform both Bitcoin and most of its other peers. This intense rally has come about as development activity on the blockchain booms – being an overt sign of fundamental strength that ultimately suggests that the crypto’s mid-term…
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Analyst “surprised” Bitcoin Cash has escaped an attack after 30% hash rate drop, but BCH proponent hits back
Bitcoin Cash (BCH) has suffered a drop in hashrate after its April 8 halving. Despite the network suffering no unwanted consequences, a crypto-analyst thinks it is surprising that the controversial cryptocurrency has not suffered a “large-scale” attack yet. Can it be done? Yassine Elmandjra, a crypto analyst at data-driven investment firm ARK Invest, tweeted on…
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The S&P 500 just broke a critical resistance; here’s what this could mean for Bitcoin
Despite the global economy being virtually frozen, the S&P 500 and all other benchmark stock indices have been able to rally today, smashing through critical technical levels and potentially creating shockwaves that boost Bitcoin. This rally has allowed the S&P 500 to surmount two key moving averages that were previously suppressing its price action, leading…
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This trend amongst Chainlink investors might give the crypto a serious boost
Parabolic uptrends in the crypto market tend to be short-lived and followed by immense selloffs, but Chainlink has been able to buck this trend – being one of the few altcoins that has been able to post steady gains over the past year. It doesn’t appear that this strength will disappear anytime soon either, as…