Category: Price Watch

What were investors thinking as the Bitcoin price slipped under $30,000?

Bitcoin’s price slipped under $30,000 a few hours ago as selling pressure began to pick up across top exchanges. This came after BTC attempted to push past the $33,000-34,000 resistance region on Monday. The cryptocurrency has since bounced after slipping under $30,000, bottoming in the $29,500 range that Bitcoin bottomed over seven days ago. Chart…

January 27, 2021
Bitcoin drops below $30k with $450 million in futures liquidated—what’s next?

The cryptocurrency market saw over $450 million worth of futures contract positions liquidated in the last 24 hours. In the same period, Bitcoin pulled back by more than 7%, showing weakening momentum. On Binance, the price of Bitcoin dropped to as low as $29,500, retesting a critical support level. Bitcoin price chart. Source: BTCUSD on…

January 27, 2021
Bitcoin breaks out of crucial 4-day range: what happens next?

The price of Bitcoin broke out of its 4-day range, pushing above a critical technical resistance level at $33,800. This upside movement is important because it sets BTC up for a potential retest of the $40,000 resistance area. The price of Bitcoin. Source: BTCUSD on TradingView $37,800 is the big roadblock before $40,000 for Bitcoin…

January 25, 2021
Chainlink (LINK) surges as Grayscale CEO hints at upcoming unknown announcement

Chainlink (LINK) is bumping higher on Sunday and Monday morning as the altcoin market has begun to rip higher. The seventh-largest cryptocurrency is up five percent in the past 24 hours, making it the top-performing altcoin in the top 10 by market capitalization. LINK is currently trading at all-time highs, having broken out of its…

January 25, 2021
Ethereum (ETH) rockets to new all-time high despite apathy in Bitcoin price

Ethereum just rocketed to a new all-time high despite the apathy in the Bitcoin price, which fell toward $30,000 on Sunday morning. The price of ETH is up 15 percent in the past 24 hours, making it one of the top-performing crypto assets in the top 100 by market capitalization, according to CryptoSlate market data.…

January 24, 2021
Tezos (XTZ) price surges following DAO framework announcement and Grayscale rumours

New York-based tech company TQ Tezos has announced Homebase—a new project that allows Tezos (XTZ) users to easily set up and interact with decentralized autonomous organizations (DAOs) to establish a community governance structure. The price of XTZ reacted quite positively to the news, surging by over 20% today on the heels of the announcement—up to…

January 23, 2021
What can invalidate the short-term bear scenario for Bitcoin?

The price of Bitcoin is showing strong momentum as it recovers above $33,000 following a relatively large correction on January 12. The general market sentiment around Bitcoin remains positive. But, there is one major invalidation point for the bearish scenario for BTC. Bitcoin must reclaim $36,000 In the foreseeable future, if BTC wants to reach…

January 22, 2021
Venture investor explains why Ethereum is poised to blow past its $1,450 high

Ethereum has been moving higher after flatlining in the $1,150-1,250 range over the past week. Despite a local drop, the cryptocurrency remains up by over 12 percent in the past day and 25 percent in the past seven days, per market data from CryptoSlate. The cryptocurrency set an all-time high, well at least it did…

January 19, 2021
Bullish? Grayscale bought $500 million worth of Bitcoin in a single day

Grayscale purchased half a billion dollars worth of Bitcoin in the last 24 hours, according to Qiao Wang, an investor at DeFi Alliance. The massive increase in Bitcoin inflows into Grayscale merely a week after they reopened their products to new investors is indicative of high institutional demand for BTC. The 1-hour price chart of…

January 19, 2021
Ethereum daily transaction volume going “parabolic,” ETH price breaks $1400

The daily transaction volume of Ethereum is going “parabolic,” according to researchers. This trend buoys the short to medium-term bull case of ETH, which has been outpacing Bitcoin in the past few days. Ryan Watkins, a researcher at Messari, said: “Ethereum’s daily transaction volume is going parabolic. It now settles $12 billion in transactions daily…

January 19, 2021