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Bitcoin Begins August On a Bullish Footing as a Bullish Market Sentiment Solidifies

Bitcoin (BTC) has begun August on a bullish footing as the primary cryptocurrency extends its weekly gains to 15% and favorable conditions. BTC hit $42,600 a few hours ago, its highest point since May 20, although it failed to secure its position above the $42,000 level and currently trades around the $41,400 level. The recent […]

22 hs

Bitcoin Records Massive Crypto Exchange Outflows

According to new data from on-chain analytics platform Glassnode, Bitcoin exchange balances have plummeted to their lowest levels since the bearish market in late 2018. A new report from market analyst Will Clemente shows that two massive outflows occurred over the past 24 hours. He noted that: “Two massive outflows today: one worth 23,530 BTC […]

2 ds

Bitcoin Bulls Lose Momentum as Fear and Greed Index Becomes Neutral

According to new reports, Bitcoin (BTC) has entered neutral levels on the Fear and Greed Index for the first time since May 12. Before now, it remained in a drawn-out phase of either fear or extreme fear. The previous prolonged fear state emanated from the plummeting prices, overall stagnation, and investor indecisiveness seem recently. As […]

3 ds

Investing in the Cryptocurrency Industry Based on Sectoral Divisions: A Complete Guide

With the growing boom in the cryptocurrency industry and the fear of missing out on a trending investment, many investors buy into crypto projects without knowing what they are or do. While cryptocurrencies are trendy and very profitable, it helps to know exactly what it is you are venturing into. In this article, we will […]

5 ds

Bitcoin Regains Bullish Sentiment Amid Tesla’s Q2 Earnings Report

Tesla released its Q2 earnings report yesterday, which showed that the company’s net Bitcoin (BTC) holding has a value of $1.311 billion as of June 30. The electronic vehicle manufacturer did not make any additional BTC purchase, nor did it sell any of its holdings in the second quarter of this year. Meanwhile, the cash […]

6 ds

Bitcoin Rebounds Near $35,000, as Market Sentiment Turns Bullish

It appears that Bitcoin (BTC) bulls have regained control over the market in the past few days, which has pushed the cryptocurrency to an 18-day high near $35,000. At the same time, the altcoin sector has posted an immense recovery, flipping the broader market sentiment to bullish. The benchmark cryptocurrency’s bullish recovery began after it […]

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Ways to trade Bitcoin – Everything you should know

Bitcoin is the biggest cryptocurrency in the world and is among the most popular digital coins among traders. For many, Bitcoin is a great investment option. Released back in 2009, Bitcoin is known for paving the way for other altcoins in the market. Cryptocurrency has seen a huge transformation in recent years. While some still […]

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Bitcoin Surges as Elon Musk Proposes Condition for Reacceptance by Tesla

Bitcoin (BTC) witnessed a massive bullish spike yesterday following confidence-boosting comments from Elon Musk at an event on Wednesday. Musk reiterated his support for the benchmark cryptocurrency at a virtual panel hosted by Crypto Council for Innovation, which also hosted Jack Dorsey and Cathie Wood. Back in May, the Tesla CEO triggered the prevailing bearish […]

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Fidelity Digital Assets Reveals Significant Institutional Crypto Adoption in Coming Years

According to a recent study organized by Fidelity Digital Assets, seven out of ten global institutional investors (70%) will likely purchase cryptocurrency in the future. Meanwhile, 50% of the participants in the survey revealed that they already own cryptocurrencies. Most of the participants asserted that the highly volatile nature of digital assets was not enough […]

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Bitcoin Whales Still Stacking Up Coins Despite Bear Market: Glassnode

Despite the recent crash below the critical $30k level by Bitcoin (BTC), on-chain metrics from Glassnode suggest that whales are still on binge acquisition mode. According to the analytics platform’s weekly report released yesterday, the benchmark cryptocurrency’s reserves on crypto exchanges are on a steady decline despite having turned bearish since its sustained drop below […]

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Author : Michael Fasogbon


Michael Fasogbon is a professional Forex trader and cryptocurrency technical analyst with over five years of trading experience. Years back, he became passionate about blockchain technology and cryptocurrency through his sister and has since been following the market wave.