Bitcoin (BTC)

Bitcoin price started a strong increase above the $18,000 and $18,500 resistance levels against the US Dollar.The price traded as high as $19,454 and it settled nicely above the 55 SMA (H4).There is a major bullish trend line forming with support near $18,400 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is currently correcting gains, but dips are likely to be limited below $18,400.Bitcoin price is trading in a nice uptrend above $18,500 against the US Dollar....

Bloomberg’s Mike McGlone has emerged to mention that the price of bitcoin could potentially reach $170,000 come 2022.McGlone Is Always There When Bitcoin SpikesMcGlone is a leading expert when it comes to bitcoin and the price trends its follows. He commented in a recent interview that over the past year, bitcoin has followed a specific pattern of adding a zero to its price following every 12 months. For example, he comments that bitcoin ended 2019 in the $7,000 range. Now, it is trading for...

As of late, everyone appears rather bullish on bitcoin considering the asset just rose past $18,500 – the highest it’s been in roughly three years. While everyone is positive that the currency is likely to keep on shooting up, many people have different reasons for believing this, and for BlackRock’s CIO of fixed income Rick Rieder, the reason is millennials.Millennials Are Why Bitcoin Is Doing so WellMillennials are members of a younger generation that allegedly spent their teen years, or...

No doubt bitcoin has had a rather solid year thus far, but it looks like things may be on the verge of exploding even further. The currency has doubled its price in the last six months and has recently surpassed its market capitalization from 2017.Bitcoin Is Surging Like Never BeforeMany analysts believe the asset could be on the verge of reaching a $1 trillion value. One of these figures is Bloomberg Intelligence senior commodity strategist Mike McGlone, who in an interview said:$20,000...

Bitcoin and XRP are not the only currencies whose price has shown such performance. Other altcoins like Ethereum (ETH), Chainlink (LINK) are on a steady rise as well.This week, Bitcoin (BTC) and XRP (XRP) are under the spotlight of crypto enthusiasts as the price of both currencies has shocked the community. While Bitcoin is on the way to break the $20k level, XRP has managed to soar by nearly 80% to hit $0.79, which is the highest since May 10, 2018.Bitcoin Price to Reach $19,000On November...

President-elect Joe Biden has picked the former US Federal Reserve Chair Janet L. Yellen as the next Treasury secretary.The cryptocurrency community has shown skepticism regarding the potential effects on Bitcoin, as Yellen has historically displayed negativism on BTC.Biden Nominates Yellen For Treasury SecretaryAs firstly reported by The Wall Street Journal, the US president-elect Joe Biden has decided to nominate the former Fed Chairwoman Janet Yellen as the next Treasury secretary.Although...

Bitcoin price has managed to shake off fears of a correction today and is continuing to print new highs. During the start of the European trading session this morning between 08:00 -10:00 (UTC), BTC surged over $700 as a further $20 billion poured into the global crypto market.After hitting the first resistance at $19,100 – as mentioned in our last analysis – bulls are now pushing to overcome the next wall at $19,300 (as of writing these lines). If they’re successful here, Bitcoin’s all-time...

Bitcoin price just surged past the $19,000 mark and is looking to retake the previous all-time high of $20,000. This spike in volatility has caused all BTC markets to experience some serious trading traffic – especially the bitcoin futures market. And how? Well, open interest in the Binance futures market just topped $1.2 billion.Binance Bitcoin Futures Market Register Record Open Interest And Daily VolumesAccording to the crypto market and on-chain analysis firm Glassnode, the bitcoin...

[Featured Contet]Cryptocurrency trading is on the fast track of becoming particularly popular. The industry, in general, is gaining more attention, especially when it comes to institutional interest.In September, CryptoPotato reported that the NASDAQ-listed company MicroStrategy added another portion of BTC to its holding, which currently stands at around $720 million. Reports from various mainstream institutions such as JP Morgan, PwC, Fidelity Investments, and so forth, all hint at the...

Customers would be able to earn 1% on their deposits for 84 days. Currently, deposits of as low as 0.1 BTC and as high as 5 BTC will be allowed.Japanese financial giant SBI Group has announced that it has hit the ground running with crypto lending service starting today.According to the company, this is being done through its subsidiary SBI VC Trade. The company has decided not to charge any fee for account management or annual membership. Also, there would not be any fee on crypto and...