Tag Archives: Bitcoin (BTC) Price

Bitcoin continues to recover from the tumble it suffered during the weekend. As of now, the BTC price is up by 3% today, following the 14% devastating crash seen on Sunday. Yesterday, Bitcoin slipped from the $60k price area as it dropped to reach as low as $51,440. There, it found support at the .618 Fib Retracement level and managed to rebound, trading between $54k – $55k during most of the day. By the end of the day, Bitcoin managed to recover to $56,280, where it found...

The CME Bitcoin futures opened for trading on Monday with the largest gap of nearly $5,000 following the adverse price developments during the weekend. The question remains if BTC would spike to close that gap as it has done multiple times in the past. The Largest CME Bitcoin Gap to Date Launched in late 2017, the cash-settled BTC futures platform from the Chicago Mercantile Exchange enables institutional investors to trade bitcoin on a regulated platform. It operates within...

The enhanced volatility in the past day caused nearly $10 billion in liquidations in less than a day as bitcoin, and all altcoins fell hard. Naturally, over 90% of the liquidated amount came from long positions.  CryptoPotato reported earlier today the adverse price developments in the cryptocurrency market. Bitcoin fell by more than $9,000 in hours, Ethereum lost $400, and so on. With most digital assets plummeting by double-digits, the cumulative market cap lost $360...

Another wild weekend in the crypto markets as Bitcoin plummeted by about $9,000 in hours amid rumors suggesting the US Treasury Department would charge several financial organizations for laundering money with cryptocurrencies. The altcoin market is also deep in red with double-digit percentages that evaporated more than $350 billion from the crypto market cap. US Treasury FUD Plummeted BTC? As reported yesterday, the primary cryptocurrency had regained over $2,000 of value...

The Grayscale Bitcoin Trust is on route to surpass the largest gold-tracking ETF in the following few months, suggested Bloomberg’s senior commodity strategist, Mike McGlone. The analyst also outlined the ongoing digitalization phase as the primary reason behind BTC’s success. GBTC on its Way to Surpass SPDR Gold Shares McGlone took it to Twitter to exemplify Bloomberg’s views on the performance of the two largest bitcoin and gold funds in the past year and the projections...

Following yesterday’s freefall in which bitcoin risked dipping below $60,000, the asset has bounced off and recovered about $2,000 of value. Most altcoins have also regained some ground, with some more than others. Apart from the top performer DOGE, Bitcoin Cash has spiked by 25% and has re-entered the top ten. Bitcoin Reclaims $62K After the latest all-time high registered earlier in the week of $65,000, the primary cryptocurrency reversed its price trajectory. Bitcoin...

Jim Cramer, the host of CNBC’s Mad Money, has disposed of half of his bitcoin holdings and used the substantial profits to pay off his mortgage. Although he classified this conversion as “phony money for real money,” the crypto community was quick to criticize his actions. Cramers Pays Off Mortgage with BTC Profits CNBC’s host has a somewhat controversial history with the primary cryptocurrency. He went from calling it an “outlaw currency” back in 2018 to highlighting and...

This week was quite bullish for the entire cryptocurrency market. Bitcoin charted a fresh all-time high and so did a lot of other cryptocurrencies. Altcoin season is booming as the BTC dominance continues to decline. Bitcoin Bitcoin saw a 4.2% price hike this week as the coin currency sits at around $60,500. BTC had surged higher throughout the week and set a new ATH at around $65,000 on Wednesday. Unfortunately, it could not close a daily candle above resistance at $63,766...

After nearing $64,000, bitcoin’s price has plummeted by about $3,000 in a matter of minutes and tested $61,000. Most altcoins have followed along south with the apparent exception of Dogecoin. DOGE has painted a new all-time high at $0.3 after a triple-digit price surge. Bitcoin Falls by $3K The primary cryptocurrency had a mainly bullish week in which it finally overcame $60,000 and went on to register consecutive all-time highs. Following the latest one at just shy of...

Ripple’s CTO, David Schwartz, has been gradually offloading his bitcoin position for years and is currently left with about 2% of his entire stack. During a recent Twitter threat, he outlined the significance of taking profits while blasting the narrative that investors can’t lose money if they don’t sell during a bear market. Ripple’s CTO Remaining BTC Holdings Schwartz took it to Twitter today to explain his views on a famous saying in the investment community indicating...