Markets

It looks like Bitcoin bulls are preparing to take the BTC price above its all-time high of $20,000. While the BTC market rally has been overwhelming, several Bitcoin proponents thin that there’s a lot more to come in 2021.Today Bitcoin (BTC) continues with its bullish rally further as the world’s largest cryptocurrency is just $1000 short of its all-time high. On Friday, November 20, the BTC price surged closer to $19,000 hitting its new 2020-high of $18,394. This is for the first time in...

Bitcoin continues to solidify its position as a potential tool for hedging one’s wealth, according to most analysts. The world’s number one cryptocurrency by market cap garnered this newfound reputation during the early days of the COVID pandemic, and it doesn’t seem to be letting up anytime soon.Bitcoin Has a Swelling ReputationThe idea has emerged in recent months that bitcoin is somehow safer and more stable, even, than assets like gold, and far stronger than the U.S. dollar, which is...

Ignoring all known rules of gravity, Bitcoin has taken for the skies, and it shows absolutely no signs of slowing down. This week the cryptocurrency is up by another 14% and is currently trading just about 6% below its all-time high of around $20,000 reached in December 2017.The week started off fairly calmly, and some were even thinking that there is a correction incoming. This wasn’t the case, as right after the weekend, BTC started moving… up. It breached its former high on Wednesday and...

BitcoinBitcoin went through another powerful 15% price surge this week, which saw the cryptocurrency climbing over $18,000 and reaching as high as $18,800. It was trading at $16,400 last Friday, and it struggled to break this resistance over the weekend.This change on Monday, when Bitcoin started to surge higher. It quickly managed to push above $17,000 and break the resistance at the 2018 High at $17,186. The bull run continued higher throughout the week until resistance was found at around...

Bitcoin is trading for around $17,800 at the time of writing, though the world’s number one cryptocurrency by market cap had initially spent the early parts of this morning trading above the $18,000 mark, thus suggesting that the currency has the power to rise further.Could Bitcoin Beat Its Old Record?The asset is presently undergoing a slight correction, having lost a few hundred dollars and settling at a lower price, though to be fair, this has happened a few times with the currency....

Bitcoin price continues its parabolic intraweek rally with a surging breakout from the bullish pennant we discussed in yesterday’s analysis. Since the opening of the traditional markets on Monday, BTC has risen by an eye-watering 17%.With the leading crypto asset now holding at around $18,700, it’s only 5% shy from getting back to its all-time high set on December 17, 2017 – 1,069 days ago.Looking at the global crypto picture, a further $21 billion has entered the market in the last 16...

Bitcoin has rallied approximately 124.3% in the past one year and is now up 17.4% and 12.3% in the past two weeks and seven days respectively.30-year-old American rapper Sir Robert Bryson Hall II alias Logic has joined a list of celebrities who have invested in the crypto market, particularly Bitcoin. Logic indicated that he had purchased $6 million worth of Bitcoins last month. The rapper revealed through an Instagram video that he shared yesterday. “My $6 million in Bitcoin last month. F***...

Ethereum price breaking above the $500 level is a confirmation of the long-awaited bull rally.The second-largest digital asset by market capitalization Ethereum has surpassed the $500 level for the first time since July 2018. The price of Ethereum (ETH) was around $502.64 at the time of writing having jumped approximately 6.4% in the past 24 hours according to the metrics provided by CoinGecko.The Ethereum ecosystem is a major project that holds the success of most crypto projects....

It’s an all-around green day in crypto land. Bitcoin price has surged beyond $18,000, closing the gap with its previous all-time high of $20,000. ETH just rocketed past $500 for the first time in two years.But apart from the usual cryptocurrencies, decentralized finance (DeFi) tokens are sitting on gains as a majority of them exploded in valuations over the past couple of days.Top 100 DeFi Coins Register Explosive Weekly GainsA bull market pulls every asset out of the bearish rut. The same is...

A series of significant price jumps have made Bitcoin dominance to escalate steadily over the last six weeks.Brad Garlinghouse reportedly revealed that during Fortune’s “Brainstorm” podcast held on November 19, Bitcoin is not competing with Ripple. He also said that he would continue holding a portion of the most popular cryptocurrency.“I don’t view what Ripple is doing as somehow competitive with Bitcoin. I hold Bitcoin. I want Bitcoin to be successful. […] I do think all boats will rise,”...