Bitcoin’s rally back to $19,000 could improve market sentiment and push select altcoins higher this week. December is proving to be another blockbuster month for Bitcoin as the flow of institutional investors injecting funds into Bitcoin continues to increase. Business intelligence firm MicroStrategy announced that it had raised $650 million worth of convertible bonds at […]
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The market-wide correction looks set to continue as Bitcoin and most major altcoins are facing selling at higher levels. Bitcoin (BTC) price has been gradually giving up ground for the past few days and that has a few investors afraid that a sharp correction or a bear market similar to the one in 2018 could […]
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The downside of Bitcoin is limited in the short term as BTC attempts to recover from a steep pullback. Throughout the past few days, the sell-side pressure from all sides has intensified. Bitcoin miners have sold their holdings at a scale unseen for over three years. On top of this, the inflow of whale-associated BTC […]
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Traders are taking note of Nexo, Elrond and Blockstack as tokens offering real-world use cases rally higher. The ideas of privacy and decentralization have always been the heart of the crypto community. Therefore, when Blockstack announced that it would transition from being a security token to a utility token by launching its new Stacks Blockchain […]
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A swift recovery from Bitcoin and altcoins are signals that BTC may have bottomed at $17,650. Bitcoin’s (BTC) sharp correction to $17,650 came as no surprise to investors and many expected the digital asset to fall as low as $16,000. Thus, the quick recovery back to $18,600 is intriguing and it bolsters the popular belief […]
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Bulls swooped in to buy Ethereum as it dropped to a critical support level and now they’ve set their sights on $590. Bitcoin’s Dec.8 breakdown to $17,650 weighed heavily on most altcoins and Ether was not spared from the carnage. Daily cryptocurrency market performance. Source: Coin360 As the price of Bitcoin (BTC) dropped precariously close […]
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Bitcoin and several altcoins have recovered sharply from their intraday lows, a signal that there is healthy demand at lower levels. in a recent Reddit “Ask Me Anything” session, billionaire Ray Dalio warned investors that the current astronomical pace of money printing is unlikely to stop in the near future and holding wealth in cash could […]
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As Bitcoin’s impressive run continues, it would not be surprising to see crypto FOMO reach institutional investors as well. With the crypto sector currently riding a wave of bullish sentiment, as demonstrated by Bitcoin (BTC) passing its all-time high value of $19,892 at the start of the month, causal as well as institutional investors all […]
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As Bitcoin dropped below $18,000, major altcoins including XRP and DeFi tokens fell by 10% to 30%. The price of several big-name alternative cryptocurrencies fell especially hard following a Bitcoin (BTC) pullback to $17,650 on Dec. 9. Namely, XRP and top decentralized finance (DeFi) tokens, YFI and AAVE, dropped by as much as 10% to 20% in […]
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Bitcoin price ended its consolidation phase by closing below $18,300 but will traders buy the dip? After spending the last few days trading in a tightening range, Bitcoin (BTC) price dropped from its pennant structure and closed below the 20-day moving average ($18,600). Crypto market daily price chart. Source: Coin360 Since topping out at $19,888 […]
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