Tag Archives: BTC

Altcoins Could See a Relief Rally as Long as Bitcoin Price Remains Steady in Near-Term

Altcoins Could See a Relief Rally as Long as Bitcoin Price Remains Steady in Near-Term

Bitcoin and most altcoins have been incurring tremendous volatility as of late, which has been primarily driven by BTC’s extended period of consolidation in the lower five-figure price region, where it has been trading at for the past month. Now, one prominent analyst is noting that many altcoins that have faced severe technical damage from […]

Bitcoin Is Shaky But BTC Indispensable In Investment Portfolios

Bitcoin Is Shaky But BTC Indispensable In Investment Portfolios

Despite skepticism, Bitcoin and cryptocurrencies are increasingly becoming part of investment portfolios. That’s notwithstanding their wild price fluctuations. At the time of writing, BTC is up 14.6 percent week-to-date. Bitcoin Price Analysis Fundamentals There are diverse opinions as far as what Bitcoin is. Generally, there is a consensus that BTC is first a medium of exchange and […]

Bitcoin Rally May Have Been Caused by a Tether Pump, Not Facebook’s Libra

Bitcoin Rally May Have Been Caused by a Tether Pump, Not Facebook’s Libra

While many believed Facebook’s entry into the cryptocurrency market sparked renewed interest in cryptoassets and drove Bitcoin to an 18-month high this month, Tether may also have had a significant impact in the rally. It is true that the latest price surge coincided with Facebook’s announcement that it was to lauch a new cryptocurrency called Libra. News […]

Bitcoin Drops Below $12K After Biggest Daily Price Move Since January 2018

Bitcoin Drops Below $12K After Biggest Daily Price Move Since January 2018

Bitcoin is witnessing a technical correction a day after printing the biggest one-day trading range since January 2018. The leading cryptocurrency by market value is currently trading at $11,780, representing a 15 percent drop from the 17-month high of $13,880 hit on Wednesday. The double-digit pullback has come after a near 90-degree price rise from […]

Bitcoin Price Surge Might Partially Be Attributed to Potentially Lower U.S. Interest Rates

Bitcoin Price Surge Might Partially Be Attributed to Potentially Lower U.S. Interest Rates

On June 19, 2019, the Federal Reserve, the central banking system of the U.S., confirmed that it would be maintaining the current benchmark for U.S. interest rates – which falls within the 2.25-2.5% range. According to crypto research analysts, the Fed’s recent decision regarding the U.S. monetary policy may have indirectly affected the Bitcoin (BTC) price. As Bitcoinist reported, financial analysts […]

Bitcoin Price Could Reach $100,000 Says Recognized Crypto Analyst

Bitcoin Price Could Reach $100,000 Says Recognized Crypto Analyst

The recognized crypto analyst and chartist, Peter Brandt, wrote a tweet in which he shows that Bitcoin could eventually reach $100,000. He commented that the most popular virtual currency is currently experiencing its fourth parabolic phase that dates back to 2010. Bitcoin has recently surpassed $10,000. Bitcoin Could Reach $100,000 According to Peter Brandt, Bitcoin is currently […]

Bitcoin (BTC) Price Analysis: Breaks Winning Streak but Tom Lee Sees BTC at New Highs

Bitcoin (BTC) Price Analysis: Breaks Winning Streak but Tom Lee Sees BTC at New Highs

BTC/USD, the most popular trading pair closed the trading on Tuesday breaking the 11-months daily win. Bitcoin’s price posted losses of 2.87% yesterday after Bitcoin had recorded between 2-5% increase for the last six days before yesterday. The six-day winning streak elevated BTC from the region above $8,100 to level around $9,480. Experts have connected […]