Market Update: Bitcoin crosses $3,700. Are we headed for $4000?

2019-2-18 10:42

The market has been kind of slow since Bitcoin (BTC) price came up from under $3,400 to over $3,600. It even tasted a slight decline several times, mostly gaining enough to counter the slide. However today it has made a significant move above $3,700 and seems to be approaching the next big figure, $3,800.

This is quite a significant stride considering the market has been in a bit of a stale mode since the last time Bitcoin hit $4,000 at the beginning of the year. The price and indeed the entire market has been down since then with no sign of hope for its recovery. However, it seems something may be happening soon.

Not only Bitcoin but Ethereum (ETH) and the other top cryptocurrencies have followed suit. ETH is now trading at $138 at the time of writing with a gain of over 11% according to Coin Market Cap. XRP is at $0.3 and as a matter of fact, all top ten cryptocurrencies are in the green this morning.

Speaking of market capitalization, Bitcoin has just reached $65 billion and is very close to reaching $66 probably before the end of the day. ETH is on $14 billion significantly ahead of XRP which is at $12 billion although it’s close to $13 billion.

This sudden surge may have to do with the recent participation of institutions in the industry. Several institutions have invested in cryptocurrencies including two pension funds in the U.S among other private organizations. The challenge facing the industry’s growth has been a lack of participation from institutional investors who are starting to enter the market despite the lack of ETFs at this time.

Binance CEO Changpeng Zhao had earlier said the industry does not require an ETF to flourish. Could he be right? Bakkt, the institution friendly trading platform that is expected to save the industry, is to be launched at an unspecified time and Bitcoin ETF proposals are still waiting in line.

Although there are signs one of them will be approved soon, it seems to be taking longer than expected. Is the market beginning to grow on its own without the help of ETFs and Bakkt?

The post Market Update: Bitcoin crosses $3,700. Are we headed for $4000? appeared first on ZyCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 69591.25 (+0.63%)
Объем 24H $45.714b
Изменеия 24h: 2.51 %, 7d: -4.22 %
Cегодня L: $69039.59 - H: $69591.25
Капитализация $1376.391b Rank 1
Цена в час новости $ 3748.79 (1756.37%)

700 market bitcoin 4000 headed update crosses

Источник: zycrypto.com

700 market → Результатов: 80


Newsflash: Amazon Leads Massive $700 Million Funding Round in Tesla Competitor Rivian

Elon Musk and Tesla had better watch out because tech conglomerate Amazon just led a massive $700 million funding round in electric vehicle competitor Rivian. Amazon Leads Major Funding Round in EV Startup Rivian The Michigan-based Rivian has sought to carve out a segment of the burgeoning electric vehicle market by focusing its efforts on building pickup trucks and SUVs.

2019-2-15 17:36


Фото:

Bitcoin Price Surges 11% Hitting The $3,700 Target

Bitcoin price surged 11% after being led by Litecoin’s impressive 30% move earlier in the day. The cryptocurrency market is also up 10% as a whole at the time of writing. Bitcoin Price: 1 Day Chart As Bitcoinist reported on Monday, we were expecting a volatile week and as Friday came it did not disappoint, with Bitcoin price blasting out of its descending wedge, through resistance at $3500 and hitting the $3700 target, which we Read More The post Bitcoin Price Surges 11% Hitting The $3,700 Target appeared first on Bitcoinist.com.

2019-2-8 21:00


Фото:

Markets Update: BCH and BTC Consolidate, ETH Regains Second Spot

BCH and BTC markets have begun the year with consolidation, with BCH bouncing between $150 and $175 and BTC trading within a $3,500 to $4,000 range on Bitstamp, and $3,700 to $4,300 on Bitfinex. In other market news, a bullish start to the year has seen ETH reclaim its position as the second largest cryptocurrency […] The post Markets Update: BCH and BTC Consolidate, ETH Regains Second Spot appeared first on Bitcoin News.

2019-1-4 17:30


Фото:

Bitcoin Price Analysis: Bear Pennant Breakout Puts $1,700 Price in Sight

Another week, another low. Bitcoin’s market has been bleeding relentlessly for weeks and now, after falling 50% in value in just one month, the market has managed to break south of a major bearish consolidation pattern called a bear pennant:Figure 1: BTC-USD, 4-Hour Candles, Bear Pennant BreakoutThis is a massive bear pennant with a staggering $2,000 measured move.

2018-12-12 01:52


Фото:

Bitcoin Price Analysis: Will Bitcoin Bite Back?

Now that the Bitcoin Cash hard fork is complete, will Bitcoin bounce back from a $1,200 loss? Market Overview Yesterday’s 8% move from $5,188 to $5,700 was nice but does the King of Cryptocurrencies have any other cards up its sleeve? At the moment bull volume is nearly non-existent and as the weekend approaches it could taper even further so barring some positive breaking news, bitcoin (BTC) seems set to trade in the current range Read More The post Bitcoin Price Analysis: Will Bitcoin Bite Back? appeared first on Bitcoinist.com.

2018-11-17 07:00


Дарквеб-дилер “OxyMonster” оштрафован на $700 000 в криптовалюте

36-летний Гал Валлериус, также известный как OxyMonster, приговорен американским окружным судом к 20 годам тюремного заключения за организацию наркоторговческой дарквеб-площадки Dream Market и отмывание денег.

2018-10-22 12:27


дальше еще 31 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru