Markets

Recently, Live Bitcoin News reported that many members of the crypto community were suspicious of a $1,000 surge incurred by bitcoin, the world’s leading cryptocurrency by market cap. It has now been stated that the surge was no doubt the result of a bitcoin whale moving money between accounts with Bittrex, one of the world’s top cryptocurrency exchanges.Bittrex at the Head of Whale ActivityBitcoin and cryptocurrency whales can have serious effects on the industry. A whale is someone who...

According to a new report, BNB – the official cryptocurrency of digital exchange Binance – is outperforming bitcoin as of late.BNB – The Industry’s Strongest Coin?Bitcoin has been on something of a weak roll over the past few months. Things ultimately took a nasty turn for the currency in late September when Bakkt – the institutional crypto trading platform owned and governed by the Intercontinental Exchange (ICE) – opened its doors to rather lackluster reception. Following 12 months of hype...

The last days saw Bitcoin trading under a tight range of $300, between $7300 and $7600.The good news is that Bitcoin is finally trading above the confluence zone of $7300 – $7400, along with the 4-hour MA-50, which was mentioned here more than once.Besides, the RSI is showing strength due to the negative divergence shown on both the following charts.However, Bitcoin is now facing a critical decision as the coin reaching a mid-term descending trend-line. This can be seen on both the following...

There are many ways in which cryptocurrency trading resembles the traditional ones, but there are just as many differences, as well. That’s why it’s possible to use regular definitions, but they need to be appropriately adjusted and related according to the specifics of cryptocurrencies.Price gaps, for example, are something seen quite regularly within traditional markets, and we can already see them becoming a factor to consider when it comes to Bitcoin price analysis as well.What Are Price...

After in September, Bakkt’s physically-backed Bitcoin futures platform finally started its work, a lot of crypto believers wondered what is next. Well, there is something. The U.S. Securities and Exchange Commission (SEC) recently approved a new investment fund that will invest in Bitcoin futures contracts. The registration statement filed by Stone Ridge Trust VI for the NYDIG Bitcoin Strategy Fund began with its work on Monday after the company, already in October filed Form N-2 with the...

The number of bitcoin addresses with any balance exceeded its January 2018 high. Even though the metric is not perfect, it provides a rough estimate of bitcoin’s adoption rate. The synchronicity in the growth of this metric and the explosion of dormant bitcoin addresses suggests accumulation. Most people only refer to the price of bitcoin to gauge the health of the top cryptocurrency. If there’s a brutal sell-off, critics are quick to assume that the digital asset is dying. A...

Tezos continues to battle the 7-month old descending trend line to climb higher.The cryptocurrency looks ready to surge against Bitcoin as the Stochastic RSI lines up for a bullish crossover.Tezos climbed to the 14th position with a market cap of $935 million.Key Support & Resistance LevelsXTZ/USDSupport:  $1.23, $1.17, $1.12, $1.00.Resistance: $1.34, $1.40, $1.47.XTZ/BTC:Support: 0.0001685 BTC, 0.000158 BTC, 0.000138 BTC, and 0.000127 BTC.Resistance:  0.0001828 BTC, 0.000195 BTC level...

Bitcoin seems to be charging at $7,600 as it marks a slight increase of around 2.1% in the past 24 hours. The cryptocurrency seemed stuck in the same confluence price zone between $7,300 and $7,400 but has managed to break above it, and it now trades at around $7,550.As CryptoPotato reported earlier, an important resistance level to watch for is $7,700, which is where the bullish spike reached out. However, to see a real market reversal, we would have to see Bitcoin closing above $8,000. In...

December 2019 is already here, and it came in kicking. November’s volatility doesn’t seem to end, as, in the past seven days alone, Bitcoin went through a couple of significant swings. The world’s largest cryptocurrency reached a high of around $7,800 in the past week, only to decrease to as low as $7,150 and recover a few days later to where it’s currently trading at around $7,460.On another note, Bitcoin’s network has demonstrated its enhanced capabilities as it processed over $8.9 billion...

This week Bitcoin attempted to halt the previous bearish trend but failed to advance above the resistance at $7,800. The cryptocurrency has lost a total of 21% over the past month after it plummeted beneath the 100-days and 200-days EMAs in November.To break higher, we must see Bitcoin rising above the resistance at $7,800. If the bulls are successful in this, further resistance lies at $8,000 and $8,265. Alternatively, if the sellers bring the price below $7,400 and start to push the market...