Bitcoin (BTC) managed to gain some bullish momentum today as it erased all its losses from yesterday’s slump. Analysts are now suggesting that the benchmark cryptocurrency could see a strong bullish comeback soon thanks to the bounce seen from the $11,130 (yesterday’s low) after it dipped on the back of the Fed-induced volatility. This is […]
It can be said that a great deal of Bitcoin’s (BTC) short-term market bid now depends heavily on the outcome of the impending Jackson Hole Symposium later this week. The cryptocurrency has been weakening ahead of the event and has plunged by about 3.5% at the close of the London session on Tuesday, after recording […]
This week has been a roller coaster for the cryptocurrency market, with Bitcoin (BTC) being in the spotlight. Bitcoin started the week off around $11,700 and maintained that price tag for a while before heavy volatility was pumped in on Monday, causing the benchmark cryptocurrency to reach a high of $12,475. The cryptocurrency community went […]
Bitcoin got some attention a few days ago after it reached a 2020 high of $12,475. That leg up seemed pretty solid as Bitcoin seemed to stay above $12,000 longer than it had any time this year. However, bears later swung into action, sending the cryptocurrency down by about $1,000 over a few days. The […]
Bitcoin (BTC) and the rest of the cryptocurrency market have been swept by intense volatility in today’s session, with the benchmark cryptocurrency plunging below the key $12k support. This drop saw BTC drop as far as $11,600 before bulls stepped in to prevent further declines. Many analysts believe that this sharp decline has disrupted Bitcoin’s […]
Bitcoin’s (BTC) sensational bull rally has just hit a major obstacle after it failed to claim the $12,400 resistance. Prior expectations for a parabolic continuation has now been put aside as bulls recover from the brutal decline. The cryptocurrency market has shed about $13 billion from yesterday’s peak of $387 billion over the past 24 […]
Before now, Bitcoin has been idling under the $11,900 mark, despite the fresh influx of $6 billion into the global crypto space in the past few days. In the past few hours, however, a sharp boost in buying pressure surfaced, which took Bitcoin to the long-awaited $12k since August 11. This was a level that […]
Bitcoin has performed exquisitely well over the past few weeks. Since July, the benchmark cryptocurrency has grown by about 30% against the US dollar, performing better than most other macro assets. For some days now, Bitcoin, Etheruem, and Ripple have exerted dominance over the weakening US dollar. BTC continues to hold its gains above the […]
Bitcoin has, once again, reached the upper-11k region. This region has been a major roadblock for the cryptocurrency for close to 3 weeks now. BTC has been in a consolidation phase between $11,200 and $12,000 for the said amount of weeks. Analysts are trying to connect recent events like the sharp decline in exchanges’ BTC […]
