Tag Archives: Markets

Bitcoin Suddenly Drops 13% as Altcoins Continue to Rise

Bitcoin Suddenly Drops 13% as Altcoins Continue to Rise

Bitcoin has shed much of the weekend’s stellar gains, as relatively cheap alternative cryptocurrencies play catchup with the crypto market leader. At the press-time price of around $29,000, bitcoin (BTC, -5.03%) is down over 13% on a 24-hour basis, according to CoinDesk 20 data. Prices have declined by well over $4,000 in the last two hours, having reached a […]

Bitcoin Hits Record Above $20K as Analysts Remain Confident of Future

Bitcoin Hits Record Above $20K as Analysts Remain Confident of Future

After testing investor patience for three weeks, bitcoin has finally crossed above $20,000 to reach fresh all-time highs. The number one cryptocurrency by market value jumped over the key psychological threshold during the early U.S. trading hours, surpassing the previous peak price of $19,920 recorded on Dec. 1. At the current price of $20,374, bitcoin (BTC, +6.82%) is […]

Bitcoin’s Rising Popularity With Investors Means Gold Will ‘Suffer’: JPMorgan

Bitcoin’s Rising Popularity With Investors Means Gold Will ‘Suffer’: JPMorgan

Gold could lose its shine in the long run due to institutional investors’ increased preference for bitcoin, according to the investment banking giant JPMorgan. “The adoption of bitcoin (BTC, -2.73%) by institutional investors has only begun, while for gold, its adoption by institutional investors is very advanced,” JPMorgan bank’s quantitative strategists and managing director Nikolaos Panigirtzoglou recently noted, according […]

Bitcoin’s Bull Run Is Slowing – Pullback Now Expected

Bitcoin’s Bull Run Is Slowing – Pullback Now Expected

Bitcoin (BTC) could be set for an imminent retracement as the uptrend that had its origins in March’s “Black Thursday” crash now looks to be running out of steam. Singapore-based QCP Capital warned its Telegram subscribers Wednesday that bitcoin was showing signs of “lethargy” as it struggled to capture any new highs. Bitcoin fell below the key […]

Bitcoin Eyes Price Breakout Amid US-Iran Tensions

Bitcoin Eyes Price Breakout Amid US-Iran Tensions

Bitcoin is drawing bids amid heightened geopolitical uncertainty and could soon rise above key resistance at $7,580, confirming a short-term bullish breakout. The top cryptocurrency is currently trading at $7,530, representing a 1 percent gain on a 24-hour basis, according to CoinDesk’s Bitcoin Price Index. Prices are now up nearly 10 percent from lows near $6,850 […]

Bitcoin Halving Could Leave Price at $20K-$50K, Hedge Fund Manager Says

Bitcoin Halving Could Leave Price at $20K-$50K, Hedge Fund Manager Says

Bitcoin’s scheduled mining-reward halving in May 2020 could leave prices for the cryptocurrency in a range between $20,000 and $50,000, according to a new estimate. The projection by Charles Hwang, managing member of the hedge fund Lightning Capital and an adjunct professor at Baruch College, represents a multiple of bitcoin’s current price around $7,500. Hwang […]

Bullish Bitcoin Chart Pattern Still Intact Despite 7% Price Drop

Bullish Bitcoin Chart Pattern Still Intact Despite 7% Price Drop

Bitcoin has pulled back sharply over the last 48 hours, but is holding well above support near $6,850 keeping the short-term bullish bias intact. The top cryptocurrency is currently trading near $7,330, representing a 7.3 percent drop from the high of $7,870 registered on Friday. With the pullback, bitcoin has erased more than 45 percent […]

Cryptocurrency Market Update: More Sideways Inactivity, Altcoins Immobile

Cryptocurrency Market Update: More Sideways Inactivity, Altcoins Immobile

Sideways trading for another day; Stellar and Neo slowly moving up, 0x dropping back. Crypto markets are slowly losing ground as gains made during last week’s Tether induced pump are slowly being eaten away. Market capitalization has retracted slightly from the same time yesterday but is still just above $210 billion at the moment. Bitcoin […]

Cryptocurrency Trading Update: Have Crypto Markets Reached The Bottom?

Cryptocurrency Trading Update: Have Crypto Markets Reached The Bottom?

FOMO Moments Markets are stagnant this Thursday; FunFair and WAX rising, Maker and Monacoin falling. There has been very little market movement over the past 24 hours. The good news is that the movement that has happened has been positive and markets have just crept back above $200 billion total capitalization. Bitcoin is up less […]