Bitcoin and select altcoins have broken out of their bullish setups, hinting that further upside could occur through the weekend. Payments giant, Square, has become the second listed company after MicroStrategy to buy Bitcoin (BTC). Although Square’s purchase of 4,709 Bitcoin is much smaller than MicroStrategy’s haul of 38,250 Bitcoin, many investors feel that this […]
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Bitcoin and altcoins could remain range-bound for a few days as traders search for triggers that will start the next trending move. Crypto prices may be in a rut but that doesn’t mean product development and acquisitions cease to occur. This week Japanese financial firm SBI Holdings acquired a 100% stake in TaoTao cryptocurrency exchange. […]
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Traders are attempting to kickstart a new trending move in Bitcoin and altcoins by attacking overhead resistance levels. A recent report by ARK Investment Management LLC presents a strongly bullish case for Bitcoin’s (BTC) future value. The group projects that Bitcoin’s network capitalization will rise to $1-$5 trillion over the next five to ten years. […]
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Bitcoin could consolidate for a few more days but select altcoins have formed reversal patterns that may lead to a trending move. Investors are concerned about the stability of the cryptocurrency market after it was faced with a flurry of adverse news in the past few days. Fortunately, the markets have matured to the extent […]
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Ethereum price corrected 16% in 4 days, led by these three key factors. The crypto market saw a significant correction today and Ether (ETH) price did not escape the carnage. In the last 24 hours, the top altcoin recorded a 12% drop as the price fell to $331. In the same period, Bitcoin (BTC) price […]
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Bitcoin and altcoins could consolidate in a tight range for a few days before making the next decisive move. Corrections are healthy for the strength of an uptrend because they shake out the excess exuberance and provide an opportunity to the traders who missed the bus earlier to make an entry at lower levels. About […]
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A dead cat bounce from Bitcoin and altcoins’ critical support levels may attract further selling that could result in lower levels over the next few days. The Nasdaq, S&P500 and Dow all corrected sharply on Sep. 3 and opened today with additional downside, suggesting that traders are rushing to the exit. Bitcoin (BTC) and several […]
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Bitcoin, gold, and the S&P 500 all sharply dropped today, causing traders to fear BTC is on the verge of a trend reversal. The price of Bitcoin (BTC), the S&P 500 index, and gold all fell simultaneously on Sept. 3. The sentiment around the markets remains cautiously negative after the drop. Two factors likely triggered […]
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If the bearish patterns on Bitcoin and altcoins complete the current correction could see prices drop to new lows. The U.S. stock market continues to hit new all-time highs while gold, which acts as a safe haven asset has retreated from it’s all-time highs. This suggests that there sentiment is to own risky assets. Meanwhile, […]
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The strong recovery in Bitcoin and altcoins from their weekend lows suggests that the traders are aggressively buying each dip. August 2 the total crypto market capitalization dropped from about $359 billion to $310 billion within a few minutes of Bitcoin (BTC) price surging above the $12K mark. A fall of such magnitude usually drives […]
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