Bitcoin Blockchain and Cryptocurrency News Center
Bitcoin price remains in a strong uptrend and this presents a rosy outlook for BTC and many altcoins. The year 2020 was a forgettable one for many reasons including lockdowns and economic restrictions. The shutdowns resulted in the worst economic crisis seen in decades. At the same time, most governments and central banks have responded […]
Even with today’s correction, Bitcoin is still in an uptrend, but most major altcoins have lost momentum and may remain range-bound for the next few days, the Coindesk reported. MicroStrategy CEO Michael Saylor recently tweeted that he purchased another 29,646 Bitcoin (BTC) at an average price of $29,646. With this purchase, the company has deployed […]
Many altcoins are seeing sharp corrections as Bitcoin price struggles to hold $19,000 as support, the Cointelegraph reported December, 4. A few years back, Bitcoin’s (BTC) price was controlled by whales as the crypto market lacked depth and was relatively illiquid. If whales were selling in unison, no one wanted to venture out and buy. […]
Bitcoin’s recent correction is healthy, but several altcoins have lost momentum and could remain range-bound for a few days. Bitcoin’s (BTC) rise above $20,000 will have to wait as the price saw a strong correction which and turned away from reaching a new all-time high. Data suggests that whales decided to book profits when Bitcoin was close […]
Bitcoin remains in an uptrend but is facing signs of exhaustion above $13,200, suggesting that a minor correction could drag altcoins lower, the Cointelegraph predicts. Hot on the heels of Paypal’s crypto adoption, JPMorgan’s Global Markets Strategy division released a report detailing how Bitcoin (BTC) could offer “considerable” upside “if it competes more intensely with […]
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 […]
Besides Bitcoin, several major cryptocurrencies are consolidating close to their overhead resistances and could offer buying opportunities in the short-term, the Cointelegraph reported. The coronavirus pandemic has crippled the United States’ economy, which is staring at its worst recession since the Second World War. To counter this, the U.S. Federal Reserve has pumped trillions of dollars into the economy. […]
Altcoins are currently following Bitcoin price but soon they are likely to decouple and chart their own course. History suggests that Bitcoin (BTC) halvings have led to massive bull runs. After the first halving in November 2012, the top-ranked cryptocurrency on CoinMarketCap surged 10,000% from late 2012 to 2014. The second halving that took place in July 2016 produced […]
After Bitcoin’s rally, several major cryptocurrencies are attempting to resume their up move. Billionaire hedge fund manager Paul Tudor Jones has added Bitcoin (BTC) to his portfolio. In a letter to his clients, Jones said that the top-ranked cryptocurrency on CoinMarketCap was likely to play a similar role to the one that was played by gold in the […]
Most major cryptocurrencies are facing resistance at higher levels, meaning a few days of consolidation could be needed before the rally can resume, the Cointelegraph reported in analysis. The total crypto market capitalization has jumped from about $198 billion on April 22 to over $263 billion on April 30. This 32% rally in roughly eight days shows […]