Tag Archives: Bitcoin (BTC) Price

Bitcoin’s inability to overcome $60,000 has caused him a massive chunk of its dominance in the past few weeks as the metric is down to a 7-month low well beneath 60%. In contrast, some altcoins have charted impressive gains, including new all-time high records for Ethereum and Polkadot. Polkadot’s ATH Takes it to 4th Place The past several days have been quite bullish for the altcoin market. Ethereum led the charge with several consecutive green daily candles, resulting in...

This week was undoubtedly bullish in the cryptocurrency market. The major coins saw serious increases. The same is true for small-cap cryptocurrencies, as the notion of a booming altcoin season is strengthening. Bitcoin Bitcoin is up by a strong 15.8% this week as the cryptocurrency starts to push back toward the $60,000 level. It found support at the 50-day MA last week, at around $50,200, and started to rebound. Throughout the course of the week, Bitcoin managed to push...

The first quarter of 2021 was no doubt one of the most thrilling in bitcoin history. It started on a high note and closed it with the same vibe. Despite the periodic price drops that BTC experienced, Q1 of 2021 came out the best since Bitcoin’s inception. Historical data shows that Q2 has been even better, raising the question if bitcoin would be heading further north. The Best Q1 Ever The end of March signified the end of the first yearly quarter. Bitcoin ended the quarter...

Bitcoin saw some wild price action today as the cryptocurrency spiked almost 2% to the daily high of $59,815 but immediately dropped 5% in a matter of minutes, from there to reach the daily low of $56,710. It has since recovered, but the bottom line is that the $60K mark got rejected for the third time over the past two weeks. A quick recap: Bitcoin had rebounded from the $43-44k zone at the beginning of March, and reached its current ATH of $61,781 toward the middle of the...

One bitcoin will be able to buy a Lamborghini model by the end of the year and a Bugatti in 2022, said Jesse Powell – the CEO of the veteran US crypto exchange, Kraken. During a recent interview with Bloomberg, he was also bullish on Ethereum, predicting a price tag well above $2,000 due to the upcoming ETH 2.0 release and the large number of projects built on top of it. One BTC for Lambo and Bugatti Kraken’s CEO has been highly-optimistic regarding BTC’s future price...

Bitcoin went through a sudden crash in today’s European morning trading session, losing around $3,000 of its dollar value in less than an hour. As it’s almost always the case, this caused a serious wave of liquidations throughout the entire market, with over $600 million of leveraged positions wiped out. In the past hour, data shows that there are over $600 million liquidations – both long and short. The overwhelming majority of liquidations were long positions, accounting...

The latest report by on-chain analysis provider Glassnode has unraveled more details on Bitcoin spending habits that could suggest that market sentiment is still bullish. Glassnode observed that held coins are beginning to mature, and continued outflows from exchanges demonstrate accumulation is not slowing down. #Bitcoin held above $50k last week as early signs of coin maturation showed up on-chain. This week we analyse– Ageing of coins bought in this bull– Spending...

After a slow weekend where the price more or less remained unchanged, Bitcoin made a move today, giving new bullish targets.There might be a reason for that, according to analysts at CryptoQuant.Bitcoin Price Eyes $60KEarlier today, CryptoPotato reported that Bitcoin’s price appeared stuck around $55K despite the volatility during the weekend.However, being the beginning of a new week, Monday saw positive developments in regards to the price, as BTC soared around $3,500 in a matter of hours,...

A few months after launching Bitcoin custodial services in the US, the nation’s oldest bank, BNY Mellon, has doubled-down on its interest and involvement with the first-ever cryptocurrency. It has published a report attempting to determine bitcoin’s value by comparing BTC with gold and referring to the popular stock-to-flow model.BNY Mellow Evaluates BTCIt wasn’t that long ago that giant banks steered clear from the entire cryptocurrency industry while only making brief and rare comments...

After a calm and stable weekend, Bitcoin starts the new week following exciting news about Visa accepting payments in USDC.Over the past week, BTC recorded its lowest price in 2.5 weeks. This happened on Thursday.However, Bitcoin showed strength, finding support on top of the 50-day moving average line (marked pink as can be seen on the following chart) and maintaining this critical support area (around $51k) on a daily timeframe.Over the following days, the strong momentum continued as...