Bitcoin Blockchain and Cryptocurrency News Center
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 […]
Bitcoin and select altcoins have broken out of their bullish setups, hinting that further upside could occur through the weekend, the Cointelegraph writes. Payments giant, Square, has become the second listed company after MicroStrategy to buy Bitcoin (BTC). Although Square’s purchase of 4,709 Bitcoin is much smaller than MicroStrategy’s haul of 38,250 Bitcoin, many investors feel that […]
Bitcoin and a few altcoins continue to push against resistance at higher levels, suggesting that the uptrend may resume soon. According to data from CryptoQuant, the total amount of Bitcoin (BTC) held in exchange reserves dropped from 2.8 million BTC in October 2019 to 2.4 million. Analysts believe that this steady decline in reserves means retail […]
As the Cointelegraph announced, Bitcoin and altcoins are facing selling near key resistance levels, but for now the possibility of a sharp fall remains low. The U.S. Federal Reserve recently hinted that it could keep interest rates near zero at least through 2023. The Bank of England went a step ahead and said that it could explore […]
Bitcoin and several altcoins are trying to break out of their respective overhead resistance levels in order to restore bullish momentum, the Cointelegraph writes. Most retail traders find it difficult to go against the herd and buy when the market is down. They generally wait for the price to recover and for improvements in sentiment […]
Although Bitcoin price is range-bound, a few altcoins have started a relief rally which could push them above key resistance levels. The President of the European Central Bank (ECB) Christine Lagarde said that the coronavirus pandemic has acted as a catalyst in boosting the adoption of digital payments in the European Union. Lagarde expects the majority of […]
A dead cat bounce from Bitcoin and altcoins’ critical support levels may attract further selling that could result in lower levels over the next few days. The Nasdaq, S&P500 and Dow all corrected sharply on Sep. 3 and opened today with additional downside, suggesting that traders are rushing to the exit. Bitcoin (BTC) and several […]
Bitcoin and altcoins have bounced off their range lows, but they are likely to encounter resistance at higher levels, the Cointelegraph reported. The U.S. stock market is on track to clock its best August performance since 1984. Meanwhile, Bitcoin (BTC) is attempting a positive close for the month after having declined consecutively in August 2018 and August […]
The bulls are aggressively defending the 20-day EMA in Bitcoin and select altcoins, which could result in the resumption of the uptrend. The coronavirus pandemic has forced people to change several social behavioral habits. Along with maintaining social distance from one another, people are also averse to using notes, coins or cards as they might […]
Bitcoin and Ethereum are likely to consolidate for a few days, leading select altcoins to possibly continue their uptrend, the Cointelegraph reported. This week the S&P 500 made news by notching a new intraday all-time high and recovering 100% of the losses caused by the coronavirus pandemic in mid-March. Despite this, there are signs U.S. […]