Bitcoin recorded a strong downwards move on Saturday, which led the cryptocurrency to erase about $2,000 from the month’s high of $10,079. This decline was largely due to a selloff triggered by the 5-digit level ($10,000). However, Bitcoin has since recovered some of the loss. The selloff roused Bitcoin critics who had been quieted all […]
In the past 24 hours, Bitcoin appears to have fallen off a cliff. The cryptocurrency giant fell right after it broke the $10,000 resistance to the $8,100 level, recording more than an 18% drop. The price of BTC dropped drastically, ignoring previously recorded support lines as it approached its new monthly low. According to a […]
Bitcoin has been engulfed in explosive uptrends for a few weeks now. Bulls have helped Bitcoin rally from its recent low of $3,900 which is now at the doorstep of the five-digit region. This “V-shaped” recovery has been due to many technical factors. However, there are some key fundamental drivers also responsible for this remarkable […]
Thanks to the transparency of blockchain technology, the overall sentiment of investors towards a crypto asset can be easily determined and monitored. By analyzing the actions of Bitcoin whales (large Bitcoin holders), one can deduce possible future bullish or bearish price movement. Santiment, a behavioral analytics company, claims that large Bitcoin whales are plotting to […]
The long-awaited Bitcoin halving is set to happen in the next 6 days and the whole industry is on edge to see how this event could impact the price of BTC in the short-term. There are several arguments on whether or not the event will influence the short-term price of Bitcoin. In the long-term, however, […]
The Federal Reserve Bank of America has announced that it is committing to printing more money in the coming weeks. The information was delivered last week by the Fed Chair, Jerome Powell, in a statement explaining the rut the Covid-19 pandemic has placed the United States’ economy. He added that the second quarter data will […]
Since countless players in the crypto market as of now sell Bitcoin Futures contracts, Binance Futures stands apart from the majority with its progressive highlights intended to give the best-exchanging experience to traders. The Binance Futures platform right now underpins an enormous exhibit of demonstrated cryptographic forms of money and empower clients to trade more […]
Trading cryptocurrencies can be quite boring at times, especially when trading volumes becomes very low. Most of the time, lack of interest in trading is caused by insignificant price volatility which could position the market in either a squeeze or a consolidation mode. Recently, Bitcoin trading has suffered a lot of volatility to the downside, […]
Bitcoin’s volume has been trading below $150 billion over the past few days due to liquidation which has stalled price movement below $7300 since Monday. Despite that, BTC dominance has continued to hold 66% of the market share for months. With the market cap statistics, there seems to be a sign of optimism from the […]
