Tag Archives: Bitcoin (BTC) Price

Bitcoin has failed to sustain its recent bullish run and has dropped to approximately $10,600. Most alternative coins have mimicked BTC’s move, resulting in a $10 billion loss from the total market cap.Bitcoin Fails At $10,800As reported yesterday, Bitcoin had reacted positively on news that US President Donald Trump left the hospital after a few days and returned to the White House. The primary cryptocurrency, copying gains on Wall Street, accelerated in price and peaked at $10,800.However,...

Bitcoin has stayed in a relatively tight range between $10,500 and $10,600.Most large-cap altcoins performed similarly, except for Binance Coin. After a 9% increase for the week, BNB now occupies the 5th spot in terms of total market cap.Bitcoin Remains In A Tight RangeFollowing the recent price declines from Friday and early Saturday, Bitcoin calmed down. Since yesterday, BTC dipped to a low of around $10,500 and jumped towards the intraday high of $10,600.In the past 24 hours, BTC has...

For the past month, BTC’s volatility had decreased compared to the previous months. The primary cryptocurrency had mainly traded inside a $1K range between $10,000 and $11,000. Over the past week, Bitcoin reached the upper boundary of that range at $11K; however, the news coming from BitMEX charged by CFTC, along with President Trump’s hospitalization, sent Bitcoin to $10.4K last Thursday, which marked the weekly lowest price. So far, this weekend had been slightly positive,...

According to a recent poll by the creator of the popular Bitcoin stock-to-flow model, the majority of participants believe that BTC’s price will either hit $55,000 or stay below it by the end of 2021.Backstory: Bitcoin Stock-To-Flow Model(s)A cryptocurrency analyst going by the Twitter handle PlanB revealed the first version of the BTC stock-to-flow model a few years back. He described the stock as the size of existing reserves (or stockpiles) and the flow – the annual supply of bitcoins on...

Bitcoin worth roughly $500,000 was moved to one of Bitfinex’s hot wallets a couple of days back.This might seem like nothing but an ordinary transaction if it wasn’t for the fact that the BTC in question was mined back in May 2010, and it hasn’t been touched since. At the time, Satoshi Nakamoto, Bitcoin’s pseudonymous creator, was still active.50 BTC From Satoshi’s Time on the MoveAn exciting transaction took place a couple of days ago. On October 1st, 2020, someone sent 50 BTC, currently...

Following the recent price decreases after the BitMEX and Donald Trump COVID19 news, Bitcoin has calmed and trades above $10,500. The situation with the altcoins is somewhat different as most continue struggling.Bitcoin Stays Calm After The DropsAs reported yesterday, Bitcoin tumbled from $10,900 to about $10,450 in a matter of hours. The drop came after news broke that the US CFTC charged the owners of the large cryptocurrency derivatives exchange BitMEX for illegally operating the platform...

BitcoinOver the past seven days, Bitcoin dropped by a total of 2% as it currently trades around the $10,500 level. The week was pretty interesting after it rebounded from a 6-month-old rising trend line last week. After bouncing, it continued higher to reach as high as $10,900 at the start of October.Unfortunately, Bitcoin failed to break resistance at a falling trend line, and it rolled over yesterday to drop back into the support at a long-term rising trend line. These two trend lines...

Bitcoin’s price continues to tumble in response to yesterday’s breaking news that the United States Commodity and Futures Commission (CTFC) and the Federal Bureau of Investigation (FBI) have both decided to take legal action against leading Bitcoin derivatives exchange, BitMEX. $18 billion has been wiped out from the global crypto market since the announcement, and over $20.3 million worth of long positions have been liquidated on BitMEX. There’s also talks that the market...

Following a positive Covid-19 test result from one of Donald Trump’s closest aides, the POTUS himself took the test which produced the same result for him and the First Lady. He tweeted the news a couple of hours ago.Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!— Donald J. Trump (@realDonaldTrump) October 2, 2020Global stock markets have already reacted in a heavy slide, and crypto markets...

Bitcoin was riding high around $10,900 before dumping below $10,500 following the controversial BitMEX news from yesterday. Most alts have copied the move downwards, resulting in a $15 billion loss for the market cap.Bitcoin Tumbles On BitMEX NewsAs CryptoPotato reported yesterday, the US Commodity and Futures Trading Commission charged the owners of one of the largest Bitcoin derivatives exchange, BitMEX, for illegally operating the platform and anti-money laundering violations.Being such an...