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Bitcoin’s sharp bounce off the intraday lows today indicates a possible move to all-time highs and select altcoins may join the party, the Cointelegraph predicts. Bitcoin (BTC) has made a stellar comeback from its March lows in 2020 and this performance is getting noticed by institutional investors. Recently Rick Rieder, BlackRock’s CIO of fixed income, […]
Traders are accumulating Bitcoin on dips and a break above $11,600 could resume the uptrend to $12,000, the Cointelegraph reported on October, 18. Data from Skew shows Bitcoin’s (BTC) spot volume on LMAX Digital, an exchange that mainly caters to institutions, has overtaken retail-oriented exchanges. This signals that institutional investors could be building up positions […]
While XRP is a topic of conversely for many in the space, the asset is undoubtedly a powerhouse in the industry, with the third-largest market capitalization of all cryptocurrencies. XRP also has an active fanbase on social media platforms. Yet the cryptocurrency, critics suggest, doesn’t have a use case. Former Wall Street trader Tone Vays said […]
Like Bitcoin and other crypto assets, Chainlink (LINK) has been on a remarkable rally since the lows. The leading cryptocurrency this week hit a high of $4.20 — up 170% from the lows of March 12th — per data from Tradingview. LINK has only held above $4.00 for a short period of time. But a prominent analyst […]
The Thursday before last were arguably some of Bitcoin’s worst days ever; the crypto asset saw a 40% loss, which was the second-largest percentage collapse in BTC value in a day, second only to the Mt. Gox meltdown. At the drop’s worst, the cryptocurrency was down 50% in a single 24-hour period, falling from $7,700 […]
Saturday, Nov. 9 — most of the top 20 cryptocurrencies are reporting minor gains on the day at press time, as Bitcoin (BTC) hovers under the $8,800 mark again. Market visualization courtesy of Coin360 Bitcoin price is currently up by 0.27% on the day, trading at around $8,795 at press time, according to Coin360. Looking at its weekly chart, the coin […]
San Francisco based fintech firm Ripple is reportedly working on a number of potential investments and acquisitions following its acquisition of MoneyGram. Meanwhile its native token, XRP, continues to slide in an altcoin avalanche that is starting to gather pace. Ripple Eyeing New Investments According to a report by Yahoo Finance, Ripple boss Brad Garlinghouse has […]
Halving events for cryptocurrencies are commonly referred to as catalysts that typically spark bull movements due to the fundamental strength they contribute to individual cryptocurrencies. Litecoin (LTC) is currently under two days away from its halving event, which has been widely viewed as a bullish event. Despite this, analysts are noting that Litecoin investors may […]
Fundstrat Global Advisors co-founder Tom Lee said that bitcoin (BTC) could easily reach new highs during an interview with CNBC published on June 18. In his comments, Lee said that bitcoin is becoming the reserve currency of the cryptocurrency space, and noted that it has been worth over the $9,000 price level in only 4% of its history. Then, […]
After the strong recovery of the past few weeks, this week saw some profit booking at the highs. However, unlike previous occasions, the dip has been shallow and some buying is visible close to support levels. This shows that the market sentiment is changing from sell on rallies to buy on dips. After the sharp […]