Tag Archives: Bitcoin (BTC) Price

$7 billion has exited from the global crypto market in the last 12 hours, leaving a vast majority of token projects, including Bitcoin, in the red today.Right now, the total market capital stands at around $330 billion, according to Coingecko data. During the early Asian trading session this morning, there was an exodus of $5 billion in less than an hour, but it’s still uncertain why this drop has occurred.Is this an early sign that bitcoin sentiment is turning bearish?Bitcoin...

Fidelity Digital Assets, the subsidiary of the large American investment company Fidelity Investments, has published a report on Bitcoin highlighting that its benefits have helped BTC to become an “aspirational store of value” for investors.Bitcoin’s Store Of Value FunctionsLaunched in October 2018, Fidelity Digital Assets has become a significant player offering cryptocurrency services for large institutions. While initially operating only in the US, the company announced expanding to Europe...

It is 2020, but for some reason, it feels like 2017 again. Why? It’s the YFI (no, not WiFi). Yearn Finance’s YFI token doesn’t seem to slow down. At all. The ‘absolutely no-value’ token has actually achieved a $4000 valuation and has become the second-highly priced crypto asset after Bitcoin.YFI Becomes the Second Highest Priced CryptocurrencyThey don’t compare the cryptocurrency space to the wild-wild west of finance for nothing. Especially when you have a token like YFI, which theoretically...

Yesterday, Goldman Sachs warned that the US Dollar stands a severe risk of losing its status as the world’s reserve currency. This comes amid rising concerns regarding inflation in the United States. Will this lead to Bitcoin price rallying further in the near future?The Demise of the Dollar’s Dominance is Near: Goldman SachsAs per a Bloomberg article, US-based investment banking giant Goldman Sachs, in a report, has issued a stark warning about the US Dollar. It said that the greenback is in...

After several days of gains, Bitcoin has stalled a bit around the $11,000 mark. Simultaneously, most large-cap altcoins have managed to increase their value against both the US dollar and BTC.Bitcoin At $11,000The past several days were nothing short than impressive for the primary cryptocurrency. Its $2,000 price surge came somewhat surprisingly for some, but BTC reclaimed successfully, firstly $10,000, then the significant $10,500 resistance.Bitcoin also attempted to conquer $11,000 on a...

Both Bitcoin and gold have surged as the US Congress is debating over the further stimulus program to support the economy amid the pandemic. Nevertheless, a major investment bank is recommending the cryptocurrency over the metal. Oppenheimer Analyst Says Now Is the Right Time to Invest in Bitcoin On Tuesday, Bitcoin touched the highest level in about 11 months, which is a big deal considering that it has been moving sideways for the last two months or so. Elsewhere, gold has broken above the...

The most recent Bitcoin price surge may have triggered a serious FOMO wave amongst investors as data displayed the largest inflow of Tether (USDT) towards exchanges in eight months happened yesterday after BTC broke above $10,000 and aimed for $11,000. Tether Into Exchanges To Follow BTC FOMO? Bitcoin’s price finally broke above $10,000 a few days ago. In doing so, the asset attracted a lot of attention from the cryptocurrency community and perhaps investors. According to data provided by...

After Bitcoin’s significant rally to above $10,000, centralized exchanges have seen the largest hourly net flow of BTC in over three months. The question remains if such a vast amount of coins heading towards platforms could unleash a sell-off and, consequently, a price drop. Record BTC Net Flow Towards Exchanges According to data from the monitoring company Glassnode, the net transfer volume from and to centralized exchanges has spiked in the past 24 hours. Bitcoin Net Transfers From/To...

The Intercontinental Exchange (ICE) backed Bakkt has just reported its largest single-day volumes for physically settled monthly Bitcoin futures contracts. On Monday, the figure hit a new record, trouncing the previous one. “Our Bakkt Bitcoin Futures reached a new record high of 11,509 contracts traded today – an increase of 85% from our last record-setting day,” – Bakkt tweeted. Physically-settled contracts are paid out in BTC as opposed to cash-settled ones that get delivered in USD....

Bitcoin bulls appear to be resting right now after ricocheting off a major Fibonacci resistance at $11,390 (yellow Fibonacci levels on the daily chart). This is the first time this level has been testing in almost a year and is one of the major hurdles standing in the way of BTC prices breaking above the psychological $12,000 mark. On the 1-Hour BTC/USD Bitstamp chart, we can see that up-trending momentum has stalled. Could this an early sign of a bearish reversal, or are bulls just...