Bitcoin (BTC) has recorded yet another massive whipsaw, as the price got closer than ever to the highly-coveted $20,000 all-time high across exchanges. However, this rally soon turned into a “bloodbath” for bulls as the price dropped sharply, causing hundreds of millions of dollars to seep out of the cryptocurrency’s market capitalization within a few […]
Despite the recent bullish recovery from the Thanksgiving “massacre” by Bitcoin (BTC), analysts from JPMorgan Chase & Co expect a steep decline for the cryptocurrency soon. The strategist highlighted some factors that could play crucial roles soon for the benchmark cryptocurrency. A recent JPM analysis, led by Nikolaos Panigirtzoglou, noted that the Thanksgiving crash has […]
Bitcoin (BTC) has recorded a decent bullish uptick over the past 48 hours, as bulls aim at getting the bull rally back on track following the recent market-wide selloff. Meanwhile, the next directional trend will be a key determinant considering that the close of the weekly candle is approaching swiftly. The point of closure for […]
Bitcoin (BTC) just underwent a 2018-like selloff after BTC whales sprang up at exchanges to profit on Thanksgiving eve. Data from blockchain analytics firm IntoTheBlock illustrated that whales dumped more than 93,360 BTC (worth around $1.6 billion) across several centralized exchanges after the benchmark cryptocurrency peaked around $19,500 two days ago. According to the analytics […]
Bitcoin (BTC) has suffered an unexpected drop by close to $3,000 over the past few hours. We have compiled a few factors we think precipitated this crash. 1- OKEx resumed facilitating withdrawals today, after an extended period of locking up investors’ funds on the exchange. This halt happened after the founder of the company was […]
Bitcoin (BTC) is now just a few hundred dollars away from reaching a new all-time high, as it continues to maintain its bullish undertone. That said, the closer the benchmark cryptocurrency gets to its $20,000 peak, the more bullish altcoins will react. This week, BTC broke the $19,000 mark for the first time this year […]
Bitcoin (BTC) remains in the business of recording new year-to-date highs, as the cryptocurrency finally crosses the $19,000 benchmark after a slightly-extended waiting period, taking it closer to its $20,000 target. The fresh surge in volatility has triggered immense trading traffic across all BTC markets—especially the Bitcoin futures market. Data from the cryptocurrency market and […]
Bitcoin (BTC) has been on a bullish roll since early October, which has seen the cryptocurrency break several yearly highs. The most recent bull rally took the benchmark cryptocurrency to the edge of $19,000, almost doubling its price in just under two months. Such performance from any asset class attracts investors in their thousands, and […]
Despite the relative quietness of the equity markets, the Bitcoin (BTC) market has been very eventful. The benchmark cryptocurrency has gained more than 70% over the past five weeks, while stock indexes like the S&P 500 have only recorded meager gains in the same period. The price dynamics in BTC against other assets have spurred […]
