Category: Price Watch
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Bitcoin just hopped above $7,000 after 10% correction, convincing analysts of bull case
After a precipitous drop to start the weekend, Bitcoin has begun to mount a strong comeback over the past five hours, with the cryptocurrency rallying to $7,100 just minutes ago after falling as low as $6,750 on Apr. 10. This means that from the local lows, BTC is up over five percent. The Bitcoin easter…
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Ethereum demand is booming, showing ETH could surge after 15% correction
The crypto market has fallen off hard over the past few days. Ethereum sustained a plunge from the weekly highs of $177 to a local low of $152 — a drop of nearly 15 percent — while Bitcoin saw a relatively mild but still notable nine percent correction. Key factors, however, suggest that ETH will…
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Bitcoin is the strongest performing major asset of 2020 and the past decade
There’s no question that 2020 has been a volatile year for Bitcoin, with the relatively small and immature crypto market incurring some significant turbulence alongside that seen by virtually all traditional markets. In spite of this micro-volatility and recent downturn, Bitcoin still remains the best performing major asset of both 2020 and the past decade,…
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Ethereum sees rocketing open interest and futures volume; here’s what this means
Ethereum has found itself caught within a firm and unwavering uptrend throughout the past 48-hours, with Bitcoin’s surge past $7,000 providing ETH with some significant momentum that has allowed it to outperform the aggregated market. This rally has led the cryptocurrency to see a massive surge in futures trading volume and open interest (OI) on…
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Why analysts are bullish after Bitcoin’s just saw an explosive 10% surge to $7,400
Over the past few days, bullish pressure has been building for Bitcoin; all throughout the last two weeks, the cryptocurrency has been forming an uptrend, registering a consistent series of higher lows and higher highs. On Apr. 6, this streak of strength culminated in an ongoing explosion higher for BTC, which just minutes ago forced…
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Analyst: this simple Ethereum structure point towards a quick recovery to $200
The Ethereum price increased by 16 percent on the day against the U.S. dollar. Prior to the rally, analysts anticipated ETH to see a rapid recovery to $200 in the near-term. Josh Olszewicz, cryptocurrency technical analyst, was one of the few who observed an ascending triangle forming at larger time frames of the Ethereum chart.…
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Here’s why Basic Attention Token’s on-chain metrics are exploding as Gemini prepares listing
Gemini announced that it will be listing Basic Attention Token to its retail platform for U.S. cryptocurrency investors. Following the announcement, on-chain went through the roof. Gemini to list Basic Attention Token In a recent blog post, Gemini, a New York-based regulated cryptocurrency exchange, wallet and custodian, revealed that it will be adding Basic Attention…
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Institutional money flooded into Bitcoin before $7,000 rally, data shows
Bitcoin saw a notable price surge late-last week that allowed it to surmount the resistance it was facing at $7,000 and run to highs of $7,300, which is the point at which it lost its momentum and incurred a notable rejection. Although this movement proved to be fleeting, data seems to elucidate an interesting trend,…
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Here’s why this grim monetary trend may be highly bullish for Bitcoin
The events occurring throughout the early-part of 2020 have rattled the global economy, with mounting COVID-19 infection rates and soaring unemployment damaging all major markets – ranging from stocks and commodities to cryptocurrencies like Bitcoin. The actions taken by central banks across the globe – but especially those by the U.S. Federal Reserve – have…
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Analyst: Ethereum is now “Bitcoin’s backbone” and big money is taking notice
There’s no doubt that Ethereum is an integral piece of the crypto market, with the massive amount of Dapps and platforms being built upon its blockchain accounting for important infrastructure within the industry. Ethereum’s importance has only increased in recent times alongside the growing Decentralized Finance (DeFi) trend that has swept through the industry, attracting…