Altcoins could also see a strong buying interest and may run up vertically if Bitcoin rallies above $30,000. Bitcoin (BTC) rallied from an intraday low at $17,573.29 on Dec. 11 to an intraday high at $29,310.19 on Dec. 31, a 66.78% rally in a short span. This shows strong demand from traders at every higher […]
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The price of Bitcoin has achieved another new all-time high but it is struggling to break past $30,000. The price of Bitcoin (BTC) has reached a new all-time high above $29,400 across major exchanges on Jan. 1. In other words, BTC is just 2% away from reaching the psychological resistance level at $30,000. Breaking $30,000 […]
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Paolo Ardoino says Tether hasn’t done anything to warrant any additional investigations from the SEC. Paolo Ardoino, the outspoken chief technology officer of Bitfinex, took to Twitter this week to dispel concerns that Tether could be the next target of the United States Securities and Exchange Commission. In response to a tweet from CryptoQuant CEO […]
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Bitcoin price continues to chase after $30,000 but continued rejections below the key level are negatively impacting altcoin prices. On-chain data suggests that high-net-worth individuals continued to buy Bitcoin (BTC) after Christmas. Analysts at Santiment said that smaller traders sold about $647 million worth of Bitcoin and this sum may have been bought up by […]
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Major exchanges scramble to disassociate themselves with XRP as Ripple tries to regain control of the narrative. Cryptocurrency exchange Bittrex announced on Dec. 29 that it will be removing all XRP markets starting from Jan. 15, 2021. Trading pairs affected are BTC/XRP, ETH/XRP, USDT/XRP and USD/XRP. The announcement comes just days after fellow exchange Coinbase […]
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Positive news, active communities and a shift toward DeFi appear to be the catalysts responsible for the rallies seen in Zilliqa, Terra (LUNA), and VeChain. During a bull market, negative news is quickly digested and the collateral damage is often limited. Therefore, even as XRP price dumped aggressively due to the uncertainty regarding the outcome of the […]
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Bitcoin is taking a breather after the recent rally while altcoins are attempting to play catch up. Several central banks have resorted to unprecedented monetary expansion and aggressive rate cuts to support their respective economies badgered by the coronavirus pandemic. Record liquidity has resulted in sharp rallies in the S&P 500, gold, and Bitcoin (BTC), […]
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Crypto exchange Binance has announced the launch of “European-style” Bitcoin options contracts on its trading platform. Crypto exchange giant Binance is set to expand its cryptocurrency trading catalog with the launch of a European-style Bitcoin (BTC) options contract. Announced on Dec. 28, the launch follows a successful testnet trial carried out back in November. The […]
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If Bitcoin seeing a minor correction or consolidation in the next few days could benefit select altcoins. The supply and demand equation determines the price of an asset. In the past few months, the uptick in institutional demand for Bitcoin (BTC) has resulted in a strong bull run. This uptrend may continue until demand exceeds […]
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Bitcoin price achieved a new all-time high at $25,945 following a large short squeeze in the futures market. The price of Bitcoin (BTC) has reached a new all-time high of $25,945 on Binance on Dec. 26 merely a day after it achieved its previous record high on Christmas day. BTC/USDT 1-hour price chart (Binance). Source: […]
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