Bitcoin Blockchain and Cryptocurrency News Center
Bitcoin price continues to lose momentum, signaling the possible start of a deeper correction below $8,200, the Cointelegraph reported. Grayscale Investments has been taking in Bitcoin (BTC) at a frantic pace. In the last week alone, the fund gobbled up 19,879 Bitcoin, which is way over the 7,081 Bitcoin mined during the period, according to crypto […]
As the Cointelegraph announced, a few major cryptocurrencies are close to breaking below their critical support levels, indicating further downside in the next few days. Coronavirus cases are jumping across the world as nations reopen their economies and this raises the risk of a second wave which could slow down the current recovery in major markets. Global debt […]
Most major cryptocurrencies are stuck in a range suggesting a balance between supply and demand, the Cointelegraph reported. Kraken crypto exchange CEO Jesse Powell has said that a large number of both retail and institutional investors have opened accounts with them. This shows that all types of investors are concerned about the current economic condition, hence they […]
Bitcoin sold off as stocks corrected on June 11, but BTC and altcoins are failing to recover even as equities markets move higher. The S&P 500 plunged 5.89% on June 11, its fourth-worst fall this year. This brought back memories of the sharp sell-off seen in March when investors dumped most asset classes as the coronavirus pandemic […]
Institutional investors are showing greater interest in cryptocurrency and this could result in a sharp move within the next few days. About one-third of institutional investors surveyed by Fidelity said they have invested in digital assets. 25% of the survey participants said that they hold Bitcoin (BTC) and 11% confirmed that they hold Ether (ETH). While these […]
Many altcoins are showing significant strength as they approach their 200-day moving averages, this suggests that the sentiment in the sector remains bullish, the research shows. Institutional demand for Bitcoin remains high, even as the price turned down after the block reward halving. Some in the space believe that if institutional and retail demand picks […]
Most major cryptocurrencies have seen strong buying at lower levels, which shows traders remain interested in buying the dips. Although Bitcoin (BTC) has weathered the current crisis and come out on top, Goldman Sachs only focused on the March 12 fall in a presentation to its clients. Using liberally interpreted information, Goldman appears to be discouraging their […]
Several major cryptocurrencies have turned down from their resistance levels, hinting that further downside could occur in the short-term, the Cointelegraph reported. Bitcoin (BTC) has neither run away nor plunged following its halving, which suggests that history might be repeating itself. After the first halving, the top-ranked cryptocurrency on CoinMarketCap moved up only by 7% after a month. After […]
A few major cryptocurrencies are in an uptrend and they could offer buying opportunities in the short-term, the Cointelegraph reported. For some reason, Bitcoin (BTC) analysts never take the middle path. They either project that the price will go to the moon or warn of imminent doom. After surviving and thriving for over a decade and being […]
Most major cryptocurrencies have turned down from their immediate resistance levels, which suggests a minor correction in the next few days, the Cointelegraph writes. While retail traders fret over whether Bitcoin (BTC) will break above $10,000 or not, the institutional players silently continue to build positions. On May 19 major digital asset management fund Grayscale […]