Tag Archives: Bitcoin (BTC) Price

The bulls are back in town with a solid 15% daily price surge, as BTC reclaims the $40K price area. Only two days ago, after reaching $42K ATH, the primary cryptocurrency dropped by a steep 30% to find support upon the $30K level.The correction was even quicker than the drop as BTC had gained $5,000 only yesterday and closed the daily candle at $37,415 (Bitstamp). Today, Bitcoin’s price continued even higher, recording $40,122 as the daily high as of writing these lines.Bitcoin has initiated...

Recent data indicates that the number of Ethereum coins stored on exchanges has been gradually decreasing in the past year and showcased a massive drop in the past 24 hours alone.This causes speculations if the growing demand for ETH and decreasing liquid supply could skyrocket the asset price.Ethereum Held On Exchanges EvaporatesAccording to the cryptocurrency monitoring resource CryptoQuant, the number of ETH tokens stored on exchanges reached a 12-month high of over 14 million in the...

After Bitcoin price recorded an all-time high last Friday at $42K, the primary cryptocurrency finally went down for the anticipated correction following the enormous 3-month rally.BTC price soared from $10,500 to $42,000 without going through any significant correction. During the previous parabolic bull-run of 2017, there were several corrections of 30% on average.The correction, which started on Sunday, saw a two-day plunge starting from the $41K level down to $30K at its lowest. Yesterday,...

Investing in cryptocurrencies carries risks of its own. Apart from the highly volatile price, investors who store their funds on external wallets (and not exchanges) need to save and protect the information that will enable them to access the assets.In case someone loses their private keys (essentially a password for the wallet), this could spell disaster. Such could be the case with Stefan Thomas and his bitcoins worth more than $240 million.7,002 Bitcoins Could Be Forever LostThe NY Times...

Jeffrey Gundlach, the CEO of DoubleLine Capital and so-called “Bond King,” warned that the primary cryptocurrency could be in a massive bubble. He based his view on BTC’s recent performance that included a parabolic increase and a large crash just yesterday.The Bond King Sees BTC As A BubbleIt’s safe to say that bitcoin initiated a significant bull run in early October when it dabbled with the $10,000 price tag. In the following months, BTC more than quadrupled its value to an all-time high...

Bitcoin dropped by almost $11,000 over the past 48 hours as it fell by 25% to reach yesterday’s low at $30,300. After the huge drop, which can also be seen as another Black Monday, the bulls found support at a rising trend line that extends back to the December lows.Since this support was reached at the closing time for yesterday’s candle, Bitcoin had already recovered over 15% from its low, allowing it to close Monday at $35,455.Today, BTC tried to push higher but faced strong resistance...

After the severe crash that drove BTC to about $30,000, the cryptocurrency has recovered some losses and reclaimed $36,000. Most alternative coins have also bounced off yesterday’s lows as the market cap looks to reconquer the $1 trillion level.Bitcoin Back Above $36KFollowing the highly positive first ten days of the new year, BTC headed for its worst 24-hour correction since the mid-March 2020 liquidity crisis.The primary cryptocurrency sat near its all-time high of $42,000 before the bears...

Although the price of bitcoin has crashed in the past 24 hours with double-digit percetages, the network’s fundamentals remain strong. Recent data indicated that BTC’s mining difficulty and the hash rate had reached new all-time highs.BTC Mining Difficulty And Hash Rate ATHsThe mining difficulty on the BTC network goes through an automatic adjustment every 2,016 blocks (or roughly two weeks). Depending on the number of active miners putting their computational power to work on the blockchain,...

The past couple of days have been very volatile for Bitcoin. Ultimately, though, the volatility played out in favor of the bears.The price lost almost $12,000 of its value and tumbled to an intraday low of around $30,260 on Bitstamp. In fact, the past 6 out 9 four-hour candles are all painted in red. This is a decrease of about 27%.BTC/USD. Source: TradingViewAll of this happened a couple of days after Bitcoin painted a fresh all-time high of around $42,000 on Friday, and it’s worth looking...

The price of Bitcoin took a tumble today after dropping by almost 25% in the past 24-hours alone, and almost 30% from the ATH that was set last Friday at $42K.Over the past 14 hours, Bitcoin dropped by a total of $7,400 after following a breakdown of the marked descending triangle (4-hour chart), which has been predicted in our yesterday’s analysis. Bitcoin dropped severely to $30,700 as the current low, according to Bitsamp.Typically, this type of pullback is necessary after the parabolic...