Sentiment among top Bitcoin traders remains mixed after BTC surged 5% to reach the $7,200 resistance level. The sentiment of top traders on the short-term trend of the Bitcoin price remains mixed after BTC surged by more than five percent within less than six hours from $6,840 to $7,200. Some prominent traders believe that the […]
Continue ReadingCould 11 class-action lawsuits filed against major players from the crypto space do damage to the industry, or will they help it mature? Roche Cyrulnik Freedman LLP, working with Selendy & Gay PLLC, filed 11 class-action lawsuits on April 3 in the Southern District of New York against seven token issuers and four of the […]
Continue ReadingCheck out this week’s Bad Crypto News. Bitcoin is still floating comfortably around $7,000 after a week in which it’s risen more than ten percent. Over at Bitcoin.com, the news is not so good. Candor, a site that lists jobs lost to the coronavirus, has reported that Roger Ver is planning to lay off half […]
Continue ReadingData shows Bitcoin’s trading volume increases and decreases most on Saturday and Monday, while returns move similarly amid different price cycles. Recent reporting by Cointelegraph shows that Bitcoin (BTC) spending has retraced since March 9 amid the worsening coronavirus pandemic. Data from blockchain analytics firm Chainalysis also shows that even the amount of Bitcoin spent […]
Continue ReadingMost major cryptocurrencies have turned down from their 50-day moving averages, suggesting that bears are attempting to resume the downtrend. The number of Bitcoin whales holding at least 1,000 BTC has been rising for the past few months, according to a report by Glassnode. The report also highlights that the accumulation continued during the recent […]
Continue ReadingThe first Bitcoin SV halving sees hash rates drop by more than 50% with BSV price failing to get a boost. Bitcoin SV (BSV) has seen its first halving since its creation in late 2018, hours after Bitcoin Cash (BCH) also completed its 50% block reward reduction event. The cryptocurrency first came about as a […]
Continue ReadingAlgorithmic trading strategies use data, statistics and code to automate the process of buying and selling — and this can lead to serious benefits for traders who implement them. Where can I begin algorithmic trading with cryptocurrency? There are many websites that offer a variety of trading algorithms, which you can then connect to the […]
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Analyst PlanB explains that Bitcoin’s price activity did not invalidate the stock-to-flow model after the first futures launched in December 2017. Bitcoin futures do not unfairly impact the price of Bitcoin (BTC), according to the creator of one of the cryptocurrency’s most accurate price models. In a series of tweets on April 7, PlanB, the […]
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After knocking out a key resistance zone, Bitcoin bulls now look to set a higher high above $7,930, which will be a major challenge. Bitcoin (BTC) bulls showed up early Monday morning and took full control of Bitcoin price by sending the price through the $6,900-$7,200 resistance zone to a nearly 4-week high of $7,454. […]
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Bulls take control of the market by breaching $7,300 but as $8,000 approaches what is next for Bitcoin price? Bitcoin (BTC) closed the week up 15.4% at $6,775 and has started the day with a further 6% move to the upside, breaching the $7,000 handle and making highs at $7,300. Looking at performance relative to […]
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