Tag Archives: Bitcoin (BTC) Price

Bitcoin surged by a solid $2,500 so far today, gaining almost 5% in value. This allowed the cryptocurrency to break resistance at $56K, surpassing $58K to set a new all-time high.The primary cryptocurrency had been trading within an ascending price channel for the entire month of February. On Friday, Bitcoin had surged by 8.5% as it broke past the previous resistance at $52,365 to smash the upper boundary of the marked price channel, reaching the resistance level at $56,112 (1.414 Fib...

The cryptocurrency market is well-known for its intense price fluctuations, and the past 24 hours provided more proof. With BTC and most altcoins charting double-digit moves in both directions, this resulted in $1.74 billion liquidated on exchanges.The primary cryptocurrency had just painted a new all-time high (at the time) of about $57,600 before a vigorous correction drove the asset down to a low of $54,000 in a matter of minutes yesterday. BTCUSD. Source: TradingViewAs it typically...

Although Bitcoin is performing remarkably well, it is not all praise in the market world.Take Will Hobbs —chief investment officer at Barclays Wealth & Investments— as an example. He is clearly not convinced that Bitcoin is all that its proponents claim.Speaking to Markets Insider, Hobbs said that his company’s investment strategy doesn’t involve taking any positions in Bitcoin for the time being. He asserts that its extreme volatility and poor fundamentals make it unattractive for his...

After the latest price record above $57,500 and a subsequent sharp drop to $54,000, bitcoin has calmed around the $56K price mark (as of now). Most alternative coins have charted declines over the past 24 hours, except for UNI, which painted a new ATH north of $32.Bitcoin Stalls After The Latest ATH Set At $57.5KThe past week was quite positive for the primary cryptocurrency as it recovered from the brief dip to $46,000 decisively. In the following days, the asset gained more than $11,000 of...

Another day brings more breached milestones for the crypto field as the market cap has exploded above $1.7 trillion for a new record. This comes following ATHs for Bitcoin above $56,000, Ethereum (north of $2,000), and numerous other altcoins heading towards uncharted territory as well.Bitcoin Sees Yet Another ATHIt was just earlier this week when the primary cryptocurrency struggled around the $46,000 price tag after a sharp drop. However, the asset rapidly reversed the trend and started...

The ever-active on social media platforms CEO of Tesla and SpaceX has garnered the attention of the crypto community again by updating his Twitter profile with an avatar of Bitcoin. As with previous interactions initiated by Elon Musk, the price of the asset reacted by an immediate sharp increase.Source: Elon Musk’s TwitterMusk is no stranger to publishing compelling and somewhat controversial Twitter posts regarding various industries, and his latest favorite seems to be the crypto...

It’s safe to say that the past 7 days were particularly intense on the cryptocurrency market. The cryptocurrency that expanded the most out of the large-caps is Binance Coin (BNB) as it surged by a whopping 150% in a week.BitcoinBitcoin is up by a strong 14.8% this week as the cryptocurrency continues to set new ATH prices today. Last week, it was battling with the resistance at $48,570, provided by a 1.414 Fib extension level.This level was only penetrated on Tuesday, which allowed Bitcoin...

Bitcoin is up by 2.2% today as the coin increased by $2,300 from today’s low of $50,627 to set a new ATH price at $52,943.Overall, the cryptocurrency has managed to surge by 10% over the past week after breaching the $50,000 level on Wednesday to reach the resistance level at $52,365 (short-term 1.414 Fib extension). BTC has been battling with this resistance over the past 48 hours as it has been unable to close a daily candle above it so far. It will be interesting to see if Bitcoin can make...

JPMorgan Chase & Co strategists have warned that BTC’s price could be in bubble territory as it’s significantly higher than their estimated fair value. Furthermore, the analysts believe that bitcoin, and other cryptocurrencies, have failed to serve as a hedge to equities.JPM’s Swinging BTC OpinionAfter being somewhat positive on BTC for months, claiming that the asset has taken some of gold’s market share because of the skyrocketing demand, JPM has changed its tune on the...

Cryptocurrency trading has continued to thrive in Nigeria despite the ban imposed by its Central Bank. The Central Bank Of Nigeria had earlier issued a circular warning financial institutions against enabling bitcoin transactions. The digital asset currently trades 52% above the global price in Nigeria.Statistics show that bitcoin is currently trading at a 52 percent premium in Nigeria. The premium is as seen on the leading cryptocurrency platform, Luno. While the global price stands north...