Category: Price Watch
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“Rocket fuel”: Why this prominent investor is still eyeing a $100,000 Bitcoin price
[youtube https://www.youtube.com/watch?v=XNy8V_Vt2kg&w=560&h=349] With global markets crashing and the broader economy on the verge of another great recession, it’s hard to visualize Bitcoin rallying, especially since it collapsed by 50 percent in a single 24-hour period in mid-March. But top investors still see upside for the cryptocurrency, with one analyst eyeing a $100,000 Bitcoin price, which…
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Bitcoin “scamwick” creates trail of destruction; leads to $50m in liquidations
After rallying from the lower-$6,000 region earlier today, Bitcoin bulls stepped up and propelled the benchmark cryptocurrency up to highs of $7,300 in what ultimately proved to be a fleeting movement. The rejection from this level has led BTC to reel back into the upper-$6,000 region, with this movement leading a significant amount of open…
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Bitcoin just hit $7,000: 3 factors that could be behind this explosive move
Bitcoin has shaken off a worsening coronavirus outbreak and record jobless claims in the U.S., rallying past $7,000 just minutes ago as of the time of writing this article, reaching a local high of $7,200. With the recent surge higher, BTC is up 24 percent from the weekend lows of $5,800. Although many have embraced…
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Data shows 65% of the market is longing Bitcoin, but this key reason could spoil the rally
The overwhelming majority of traders in the crypto market are currently longing Bitcoin, data shows. While some technical indicators point toward a rally to the $8,200 resistance area, the large amount of longs leave the market vulnerable for a potential squeeze. On both Binance Futures and BitMEX, the funding rate of the Bitcoin futures contract…
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Beware of false narratives: stock-to-flow and halving not bullish for Bitcoin, claims report
2020 has been a turbulent year for Bitcoin and the aggregated cryptocurrency market, with bulls having firm control over the benchmark digital asset throughout all of January and most of February, before losing their strength to sellers in March. This heightened volatility has occurred against a backdrop of bearishness within the global economy, which –…
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Q2 historically generated large gains for Bitcoin, but this time may be different
[youtube https://www.youtube.com/watch?v=kZjjFmAp2gc&w=560&h=349] Historically, the Bitcoin price has tended to increase in the second quarter of every year. In the past six years, with the exception of 2018, BTC’s price has increased by 80 percent on average from April to June. However, 2018 was an odd year out during which the Bitcoin price dropped by 8…
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The crypto market’s early-March meltdown revealed something super bullish for Bitcoin
March 12th is a day that will live in infamy for the crypto markets, with investors watching Bitcoin lead the entire market in an unprecedented downwards movement that led some altcoins to decline as much as 50 percent or more in a matter of mere hours. The downwards tailwind that catalyzed this decline was created…
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Charles Hoskinson: It will be easier to issue and maintain digital assets on Cardano (ADA) than Ethereum
Charles Hoskinson, the CEO of IOHK, said that the huge amount of time, effort, and money spent has resulted in a unique product on the market that’s set to fulfill even the highest expectations. It will be easier to issue and maintain digital assets on Cardano than it currently is on Ethereum, Hoskinson said. IOHK,…
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BitMEX open interest is showing signs of rebounding; here’s what this could mean for Bitcoin
Bitcoin’s price action seen throughout the past several days has been rather lackluster, with the benchmark cryptocurrency seeing some choppy trading that has led it to establish a wide range between $5,800 and $6,800. Interestingly, BitMEX’s open interest has risen in tandem with this turbulence – a sign that traders are growing more interested in…