Increasing volume and a breakout above a key trendline have set Bitcoin price back on the path to $14,000. As the weekend approaches, Bitcoin (BTC) price appears set to close out the month with a remarkably strong performance which has many bulls calling for a new all-time high above $20,000 in the near future. Traders […]
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Bitcoin’s consolidation near a key overhead resistance is a sign of strength but the technical structure of most altcoins has weakened. Bitcoin’s (BTC) dominance has risen from about 56% in early September to above 63%. This suggests that the market participants may be rotating their investments out of altcoins to buy Bitcoin. Due to this, […]
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Tim Draper remains bullish on DeFi and Bitcoin but thinks regulation has not caught up with the technology. Two years ago, venture capitalist and noted Bitcoin investor Tim Draper publicly stated that Bitcoin will hit $250,000 by 2022. Yet, as Bitcoin continues to gain interest from investors, Draper revealed to Cointelegraph during an interview that […]
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How does Bitcoin’s positive online sentiment affect the market outlook? Data suggests that holders are suddenly becoming more active. The latest findings by Santiment, published in Cointelegraph Consulting’s biweekly newsletter, show that the Bitcoin Age Consumed experienced a large uptick with the recent price increase — a sign that tokens previously dormant are on the […]
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If Bitcoin can stay above $10,000 by the day of the U.S. elections, history suggests that $100,000 is next. Bitcoin (BTC) has spent nearly 100 days above $10,000 — and if history repeats itself, further price gains could be astronomical. As noted by various social media users this week, as of Oct. 30, Bitcoin was […]
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Only 8.1% of Bitcoin is held on exchanges compared to Ether where almost one-quarter of the supply sits on exchanges. Almost one-quarter of Ethereum’s (ETH) circulating supply is held on cryptocurrency exchanges, according to analytics platform ViewBase. The website shows that 26,768,260 ETH are on exchanges, equating to 23.6% with a value of $10.3 billion. […]
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Despite $40 million in Ethereum options expiring on Friday, multiple indicators favor bulls as ETH 2.0 approaches. In the last few days Bitcoin (BTC) price rallied within a hair of the $14,000 level and Ether (ETH) followed with a similarly strong performance but the altcoin failed to hold above the $400 physiological support. Bitcoin and […]
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$450 million in Bitcoin futures are set to expire on Friday and data shows bullish pro traders are prepared to defend $13K. A total of 62K Bitcoin (BTC) options are set to expire this Friday, and this is equivalent to $830 million in open interest. These massive numbers fail to reflect the fact that 58% […]
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Altcoins took a serious hit as Bitcoin dropped below $13K today, meanwhile, BTC’s macrostructure remains bullish. The equity markets across Europe closed deeply in the red and the U.S. markets are also witnessing intense selling pressure as investors fear a rise in COVID-19 cases could stall the fragile economic recovery. This increasingly negative sentiment has […]
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The price of Bitcoin dipped below $13,000 on Wednesday but despite the 7% drop in 11 hours, the market sentiment remains positive for three key reasons. The price of Bitcoin (BTC) fell below $13,000 on Oct. 28 shortly after hitting $13,850 at the day’s peak. Despite the 7% drop in 11 hours, however, the market […]
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