Analysts explain where Bitcoin is headed next after it breaks $17,500 and continues to see an explosive uptrend. The price of Bitcoin (BTC) exceeded $17,400 in a strong intraday rally. On Coinbase, BTC even came close to the $17,700 mark, setting a new two-year high. As BTC glides through the multiyear resistance above $17,000, analysts […]
Continue Reading
Bitcoin has resumed its journey toward a new all-time high and the renewed bullish momentum is pulling altcoin prices higher. As Bitcoin (BTC) continues to rally to a new 2020 high above $16,700, traders are pondering whether this is the start of a new bull market. Mike McGlone, a senior commodities strategist at Bloomberg Intelligence, […]
Continue Reading
Bitcoin price may be nearing exhaustion after recording its sixth consecutive weekly green candle. Bitcoin price has been showing significant strength as Bitcoin (BTC) rallied by more than 60% in a matter of six weeks, surging from $10,000 to $16,500 and leaving many investors behind. These investors were waiting for the close of the CME gap […]
Continue Reading
Bitcoin is holding above $16,000 amid mixed feelings about the chances of all-time highs appearing this bull run. Bitcoin (BTC) begins a new week with stocks rising and the U.S. dollar falling — all while trading back above $16,000. What’s next for price action? Cointelegraph takes a look at the factors which could shape how […]
Continue Reading
The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Sunday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much […]
Continue Reading
If Bitcoin consolidates near $16,000 for a few days, traders may shift their attention to altcoins and DeFi tokens. Bitcoin (BTC) has long been touted as digital gold by crypto enthusiasts. Now as the digital asset faces its first economic crisis since its birth, Bitcoin has validated the narrative and outperformed gold by a large […]
Continue Reading
Price and social media sentiment swoon in unison as Yearn Finance formalizes operations budget. After a three-day voting period, this morning members of Yearn Finance’s decentralized governance approved Yearn Improvement Proposal 54 (YIP-54), formalizing an ongoing budget for operational expenses. YIP-54 aims to improve on previous proposals, including YIP-36 and YIP-41, which allowed for expenditures […]
Continue Reading
A Bitcoin whale placed a $100 million short on Nov. 15 after various on-chain data hints at a whale-induced BTC sell-off throughout the past week. A Bitcoin (BTC) whale placed a $100 million short on Bybit, according to the pseudonyms trader CL. It comes after various on-chain data points toward a whale-driven sell-off throughout the […]
Continue Reading
It’s becoming increasingly clear that smart money is starting to take Bitcoin seriously. The year 2020 sucked for pretty much everyone. Unless you’re holding Bitcoin (BTC) that is. The price of Bitcoin is up 125% year-to-date making it once again the best-performing asset just as it has been for the past decade. Strangely enough, the […]
Continue Reading
A few altcoins are trying to start a new up-move even though Bitcoin is struggling to pull above $16,300. Data shows that Bitcoin’s (BTC) current rally is supported by greater participation from retail and institutional investors. The CME Bitcoin futures open interest has moved closer to the previous all-time high, a sign that institutional investors […]
Continue Reading