Bitcoin price recovered some of the ground lost on the March 12 drop to $3.7K but resistance at $5.5K threatens a drop to $5.2K. Compared to the trading action of earlier this week, Bitcoin’s (BTC) price was relatively muted on Saturday as the digital asset traded between $5,045 and $5,641. Although the digital asset dropped […]
Continue Reading
The decline in Bitcoin CME futures volume led some investors to speculate that institutional investors jumped ship, but what really happened? Over the past two years Bitcoin (BTC) futures trading on CME (Chicago Mercantile Exchange) has grown in importance for institutional investors. However, a popular misconception among traders is to attribute an unwarranted amount of […]
Continue Reading
Traders are keeping their eyes on one key indicator, which remains support after Bitcoin price loses 50% in just one week. The price of Bitcoin (BTC) has seen a destructive week, as the price crashed 52% on one single day this week. One of the most massive crashes witnessed since the existence of Bitcoin. Not […]
Continue Reading
The crypto markets are attempting a relief rally but are struggling to sustain the higher levels. This shows that selling is not over yet. Capitulation occurs when traders are scared. On March 12, most asset classes witnessed a massive selloff with no place to hide. Even gold declined 3.17%, which shows that the traders sold […]
Continue Reading
Following Bitcoin’s flash crash, the world-famous whistleblower, Edward Snowden, is considering buying the dip. Following Bitcoin’s (BTC) flash crash, the world-famous whistleblower, Edward Snowden, is considering buying the dip. In a tweet posted on March 13, Snowden — famous for disclosing top-secret documents that revealed the extent of American and British global surveillance operations — […]
Continue Reading
Not all banks appear to be complying with the Supreme Court’s ruling in favor of providing services to crypto-related firms. Earlier this month, India’s Supreme Court delivered its verdict in a landmark case that promised to usher in a bullish era for cryptocurrency in the country. The Court ruled to overturn a circular from the […]
Continue Reading
With the markets in freefall due to a ‘black swan’ event, veteran trader Peter Brandt believes that the price of Bitcoin could fall a further 80%. Bitcoin dipped below $4000 today, for the first time since the depths of crypto winter — and one veteran market analyst believes it could have even further to fall. […]
Continue Reading
Bitcoin price is down but this BTC “digital gold” is still up nearly 10% year-to-date, unlike traditional markets that are reeling from the coronavirus. Bitcoin (BTC) price took a bullish turn on March 10 as the digital asset surged to $8,150 before encountering resistance, which saw the price temporarily pullback to $7,730. The S&P 500 […]
Continue Reading
The crypto markets have turned down sharply over the weekend and are threatening to wipe out all the gains made in 2020. Crude oil prices plunged about 30% on Monday to the lowest levels seen since Feb. 2016. This triggered a sell-off in global equity markets, which were already reeling under the pressure of a […]
Continue Reading
Most top performers of the past week are struggling to hold onto their intra-week gains. This shows selling at higher levels. The total crypto market capitalization has dropped from about $263 billion on March 7 to under $244 billion at press time. This shows a lack of demand at higher levels. The failure to resume […]
Continue Reading