Traders say the price of Bitcoin may drop to the $7,000s after the weekly candle closes below $9,400. A new weekly Bitcoin (BTC) candle opened at $9,327 on June 15, under a crucial resistance level at $9,400. Traders say the price of Bitcoin could fall to the $7,000s in the near term. Critical support levels […]
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Bitcoin is likely to make a decisive move in the next few days and start a trending move that could remain in force for a few weeks. Takeshi Fujimaki, a former adviser to George Soros, has said that Paul Tudor Jones is attempting to capture the big trend. According to Fujimaki, Jones’ recent investment into […]
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Takeshi Fujimaki, a former adviser to George Soros, said it was “not a surprise” to hear Paul Tudor Jones’ bitcoin revelation. When macro investor Paul Tudor Jones, or PTJ, confirmed he was investing in Bitcoin, it sparked an uptick for the whole crypto market. Many crypto traders welcomed his surprise move, noting it was a […]
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Once Ethereum becomes a proof-of-stake blockchain, what will happen to the ETH miners, and what will they do? As Ethereum is finally set to launch its Ethereum 2.0 upgrade later this year, putting an end to a long streak of delays, the network will start moving toward a proof-of-stake model. Consequently, the network will abandon […]
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One month after the Bitcoin halving, several key factors seem to point to a pivotal change in the BTC market and investor behavior. One month has passed since the 2020 Bitcoin (BTC) miner reward halving, and a lot has happened for the predominant cryptocurrency since then. From changes in investor and trader behavior to an […]
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According to Exponential Investments crypto fund managers, Ether is digital tungsten to Bitcoin’s gold. Two crypto fund managers say Ether (ETH) is neither a worthy asset for investors nor a great store of value. According to a report posted June 11 by Steven McClurg and Leah Wald of Exponential Investments, Ether is a “risk-on asset” […]
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Strengthening network fundamentals support the bullish case for Bitcoin price one month after the halving. Cointelegraph Markets’ post-halving Bitcoin (BTC) analysis report takes a deep look at the 2020 halving, its effect on the crypto market and miners, and how it compared to the previous halving events. The three main sections of this report are: […]
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The U.S.’ latest national debt landmark comes as Bitcoin circles $10,000 and puts the cryptocurrency’s digital scarcity back in the spotlight. The United States now has debt equal to a giant 2.65 billion Bitcoin (BTC) — more than 21 times the number of coins that will ever circulate. According to figures by statistics monitor U.S. […]
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According to crypto analyst Willy Woo, a $1 investment in Bitcoin a decade ago would be enough to retire on, while the price of gold has barely moved. An investor who put $1 into Bitcoin a decade ago would have enough money to buy a luxury yacht — but those who invested the same amount […]
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Bitcoin price is stalling under $10,000 while the U.S. stock market nears a record high. The Nasdaq, an index which primarily represents tech stocks like Amazon, Microsoft, and Alphabet, has surpassed 10,000 points to hit a new record high. The move above 10,000 effectively erased all the losses suffered from the coronavirus pandemic, yet, the […]
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