Bitcoin Blockchain and Cryptocurrency News Center
Bitcoin and most altcoins could be gearing up for a few days of range-bound action as bulls buy on dips and bears sell on rallies. Bitcoin’s (BTC) failure to rise above the critical $40,000 to $42,000 resistance zone is keeping crypto traders on tenterhooks. Some analysts view the sharp rebound from $31,000 level as a […]
Each breakout from Bitcoin and altcoins is being met by selling near the 20-day moving average, a signal that the market could be in for more downside. Earlier this week billionaire investor Carl Icahn’s told Bloomberg that he is considering entering crypto in a big way but this hardly made any difference to crypto prices. This is […]
Dip-buyers catalyzed a strong relief rally in Bitcoin and altcoins but decreasing volumes and overhead resistance suggest the market is losing momentum. A strong bull market tends to attract speculators and newbie traders who hop on to the rally with an aim to get rich quickly. In their eagerness to earn huge profits, traders throw […]
The current relief rally in Bitcoin and altcoins could be a sign that the market is reaching a bottoming phase. The sentiment in the crypto sector is extremely bearish. On May 23, several altcoins dipped below the May 19 panic low, suggesting that traders continue to sell at every opportunity. However, Bitcoin (BTC) did not […]
Retail traders capitulated as Bitcoin and Ether dropped to multi-month lows and technical indicators suggest the markets could remain volatile over the next few days. Bitcoin’s (BTC) massive bloodbath on May 19 resulted in panic selling across the board. Several major altcoins nose dived between 25% to 50% during the day. The extent of the […]
As the Cointelegraph reported, Bitcoin is showing signs of topping out but many altcoins remain strong, a signal that the decoupling between the two is likely to continue for a few more days. The Crypto Fear and Greed Index has dipped to levels not seen since April 2020, indicating that traders are nervous about Tesla backtracking on accepting Bitcoin […]
Bitcoin remains on slippery ground and the completion of a bearish candlestick pattern signals that further downside is possible for BTC and altcoins. Tesla CEO Elon Musk tweeted on May 13 that the company will stop accepting Bitcoin (BTC) payments for its vehicle purchases, citing “rapidly increasing use of fossil fuels for Bitcoin mining and […]
Altcoins continue to rally higher and Bitcoin’s repeat tests of the $58,000 level signal that bulls are building momentum. Goldman Sachs has started offering its clients access to Bitcoin (BTC) trading through non-deliverable forwards, according to Bloomberg Law. Max Minton, Goldman’s Asia-Pacific head of digital assets, said that “institutional demand continues to grow significantly in this space.” Even […]
Bitcoin is trying to stage a comeback in order to catch up with the spectacular price action seen in Ethereum and other altcoins. Dogecoin (DOGE) skyrocketed above $0.69 today and flipped XRP to become the fourth largest cryptocurrency with a market capitalization of over $88 billion at its highest point. Galaxy Digital recently released a […]
After days of range-bound action, Bitcoin and many altcoins made a strong comeback today, indicating buying at lower levels. The recent weakness in Bitcoin (BTC) price did not see any panic selling by investors, suggesting the sentiment in the crypto sector remains bullish. After Ether’s (ETH) strong run in the past few days, Bitcoin played […]