Bitcoin price swiftly dropped by $1,000 as equities markets closed the week in the red but bulls bought the dip and quickly reclaimed $6,000. Today as the closing bell rang at Wall Street, Bitcoin (BTC) price corrected sharply, pulling back below $6,000 less than 24-hours after hitting a 7-day high at $6,900. The $1,000 drop […]
Continue ReadingFollowing last week’s sharp market correction, crypto hedge fund Adaptive Capital announces its closure. Adaptive Capital, a crypto hedge fund, has announced that it will shutter all operations after taking heavy losses during the March 13 crypto market meltdown which saw Bitcoin (BTC) price drop to a 2020 low at $3,775. The fund has now […]
Continue ReadingCurrent price action from top cryptocurrencies suggests that the path of least resistance is to the upside, indicating the market could be in the early stages of a new uptrend. Even after the announcements of massive stimulus by the U.S. Federal Reserve, the ECB, and several other central banks, the equity markets are still struggling […]
Continue ReadingBitcoin’s rejection of coronavirus bear movements sees it near $6,700 as traditional markets, devoid of trust, fall far behind. Bitcoin (BTC) is now turning the ongoing coronavirus disaster into a cause for gains — the cryptocurrency is up 80% in just one week. As the effects of the pandemic on traditional markets intensify, Bitcoin has […]
Continue ReadingBitcoin price rallied to rebound above $6,000 and to the highest level since its 50% record plunge last week amid coronavirus fears. After rallying 21.6% to a new seven-day high at $6,375, Bitcoin (BTC) traders now seem intent on pushing the price higher to $7,200. The digital asset has made an impressive 66% recovery since […]
Continue ReadingXRP price has dropped to a crucial support but a relief rally to $0.33 could be around the corner. Recently, cryptocurrencies and Bitcoin (BTC) have seen a significant drop. Bitcoin was not the only crypto to see a steep fall as other markets have seen one as well, including equities which are down between 30% […]
Continue ReadingBTC/USD shows signs of life as previously bullish technical fundamentals take a battering from last week’s losses. Bitcoin (BTC) is set for a rare difficulty reduction in the coming days as continued price weakness tests its technical fundamentals. Data from monitoring resource Crypto This’ difficulty estimator showed that at present, next Wednesday will see difficulty […]
Continue ReadingBitcoin begins to offset the cautious mood on traditional markets in the wake of a €750 billion pledge from the European Central Bank. Bitcoin (BTC) made unexpected gains on March 19 as another day of coronavirus misery suddenly turned positive for investors. Cryptocurrency market daily overview. Source: Coin360 BTC price reaches six-day high Data from […]
Continue ReadingFor a change, Bitcoin price held steady at $5.3K as equities markets dropped to 2017 levels over continued fears of the Coronavirus and its economic impact. Yesterday was another abysmal day for the S&P 500 and Dow as both markets dropped 5.18% and 6.30%, nearly erasing the entirety of the gains each market accrued since […]
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As equities markets continue to fall, major cryptocurrencies are likely to remain range-bound for the next few days. The unprecedented volatility in the equity markets continues as the traders are trying to assess the economic damage and the remedial measures that have been taken to support the economy. A growing number of developed nations have […]
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