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Tether’s USDT Issuance Possibly Led to the Bitcoin Price Surge After March Dip, Data Suggests

Bitcoin (BTC) has recorded a sustained upward momentum over the past couple of months with the digital asset’s price even surpassing the $10,000 level at some point. The virtual currency’s performance continues to defy odds as mainstream financial markets are struggling with the effects of the Covid-19 driven economic crisis. Bitcoin price surge tied to […] дальше »

2020-6-9 22:25


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Bitcoin at Grave Risk of Cratering to $7,400 as it Taps Multi-Month Trendline

Bitcoin is flashing some signs of weakness as it navigates towards the lower boundary of a trading range that has been firmly established over the past couple of weeks The crypto’s current weakness comes after a failed attempt by buyers to propel it towards $10,000 This decline has also led BTC down to a multi-month ascending trendline that has been guiding its price higher If it breaks below this level, analysts warn that it could […] дальше »

2020-6-8 22:00


XRP is Prepping for a Fresh Breakdown Despite Climbing Social Volume

It’s no secret that XRP has been one of the worst performing cryptocurrencies throughout the past couple of years, woefully underperforming both Bitcoin and its USD trading pair. This underperformance may soon extend even further, as analysts are noting that the crypto is on the cusp of seeing another breakdown as it hovers just above... дальше »

2020-6-6 04:00


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Grayscale has Bought More Bitcoin than has Been Mined Since Halving

Institutional interest in Bitcoin is increasing, so much so that major firms are buying up the asset at unprecedented rates. Grayscale has been aggressive on BTC acquisition since the halving. The investment firm has purchased 18,910 bitcoins over the past couple of weeks according to investor Kevin Rooke [@kerooke], who added, “Wall Street wants Bitcoin, […] The post Grayscale has Bought More Bitcoin than has Been Mined Since Halving appeared first on BeInCrypto. дальше »

2020-5-30 17:10


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Ethereum Forms 90% Correlation to Bitcoin; Here’s Why This Is Bearish

Ethereum and Bitcoin have formed a striking 90% correlation to one another throughout the past couple of years This correlation has grown in recent times, despite many altcoins being able to break it It does appear that, in the short-term, this could prove to be dire for ETH, as the benchmark cryptocurrency may soon see a notable decline Ethereum has been generally tracking Bitcoin’s price action in recent times, with altcoins in general struggling to […] дальше »

2020-5-29 23:00


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Bitcoin Hashrate Sinks Deeper Than During March Crash – Will BTC Price Follow?

Bitcoin’s hashrate has been on a steady decline ever since the halving a couple of weeks ago. The network’s computing power has now nosedived further below 100TH/s. The fall is even more astounding given that the hashrate is now at a level lower than the one witnessed following the mid-March crypto market fiasco. Data from […] дальше »

2020-5-27 00:06


Bitcoin’s Falling Hash Rate Could Have Dire Implications for BTC’s Price

Bitcoin’s recent mining rewards halving event didn’t have any sudden impacts on the cryptocurrency’s hash rate, but the impacts of it on miner dynamics are now growing increasingly clear. The benchmark cryptocurrency’s hash rate has been sliding lower throughout the past couple of weeks, signaling that miners are beginning to capitulate. History suggests that hash... дальше »

2020-5-24 01:00


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Coinbase Data Shows Crypto Investors Still Fans of Altcoins Despite Poor Performance

Despite climbing against Bitcoin today, most major altcoins are still trading around their multi-year lows while looking towards their BTC trading pairs This weakness comes as traders flee smaller cryptocurrency’s in favor of Bitcoin, which has been firmly establishing itself as a “safe haven asset” throughout the past couple of months Data from Coinbase, however, indicates that the vast majority of crypto investors on the platform are still interested in investing in altcoins Data from […] дальше »

2020-5-19 21:00


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Bitcoin Halving Hype Could Give Way to Consolidation or Retracement, But what about Altcoins?

Just four days away from halving, we have some interesting next few weeks ahead of us. The world's leading digital asset is already enjoying an uptrend, currently trading above $9,800, breaking off its relation with equities after the correlation between them reached a peak during the past couple of months. This short pump is rolling […] дальше »

2020-5-7 20:58


Bitcoin Just Surged Past $9k: Here’s Why Analysts Think More Upside Is Imminent

After trading below $9,000 ever since the blow-off top on Wednesday, Bitcoin has been subject to a strong recovery over the past couple of days, culminating in a breakout seen this past hour. The cryptocurrency, as of the time of this article’s writing, is trading for $9,150 — more than 9% higher than the post-rally... дальше »

2020-5-3 07:00


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The Dow Jones Slid 1,000 Points Over the Past Few Days: Will Bitcoin Follow Suit?

Bitcoin has expressed a striking correlation to the traditional markets throughout the past several weeks This correlation has shown some tempered signs of breaking throughout the past couple of days due to BTC’s overwhelmingly bullish price performance It remains unclear as to just how long this trend will persist, as some analysts are warning that the stock market could halt the cryptocurrency’s uptrend Bitcoin has seen some incredibly bullish price action throughout the past several […] дальше »

2020-5-3 19:26


Here’s Why Amazon’s 7% Plunge Today Could be a Warning Sign for Bitcoin

The stock market’s striking correlation to Bitcoin throughout the past few months still appears to be holding strong, even despite Bitcoin’s intense rally seen over the past couple of days. It now appears that this correlation could once again prove to be highly negative for the benchmark cryptocurrency, as some major components of the market... дальше »

2020-5-2 02:00


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XRP, XLM, and ADA Win Big as Bitcoin Speculators Turn to Altcoins

Bitcoin has paused around the $7.8K price level. The largest digital coin has since reaching this high began trading sideways. Speculators have as a result begun moving to altcoins. In the last 24 hours, this has been shown with some of the investors’ preferences having made substantial moves upwards. In the last couple of hours, […] дальше »

2020-4-29 16:17


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Bitcoin Could Soon Break its 200-Day MA, Triggering Next Uptrend

Bitcoin has been able to once again push into the upper-$7,000 region after facing multiple rejections here throughout the past few days The cryptocurrency is pushing up against its 200-day moving average – a key trend-determining level A break above this 200-day MA could spark a major upside movement, with some analysts thinking this is imminent After facing multiple harsh rejections within the upper-$7,000 region throughout the past couple of days, Bitcoin has been able […] дальше »

2020-4-28 21:00


Tezos, Hedera Hashgraph ride the market's volatility as Ethereum Classic suffers

The larger cryptocurrency market has registered spurts of gains across the board over the last couple of weeks. With selling pressure in the market continuing to persist in light of Bitcoin's inabilitThe post Tezos, Hedera Hashgraph ride the market's volatility as Ethereum Classic suffers appeared first on AMBCrypto. дальше »

2020-4-23 14:00


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Massive Exchange Outflows Indicate Bitcoin (BTC) Could Be On The Verge Of Racing Into Bull Market

Since the historic crash on March 12, bitcoin (BTC) has been trading sideways over the past couple of days. Data from CryptoQuant showed that BTC whales moved their coins from wallets to major exchanges a few days prior to this crash which could have translated into the big dump. The good news is that the […] дальше »

2020-3-27 13:57