Tag Archives: Bitcoin (BTC) Price

Bitcoin fell by a sharp 10% today as it lost over $5000 over the past 48 hours. The primary cryptocurrency was trading inside a symmetrical triangle pattern since the market capitulation took place in mid-May when BTC fell by 50% from a high of $59,600 to a low of $30,000 in just nine days. Since then, BTC traded inside the consolidation phase for a total of eighteen days until it broke the lower boundary of the triangle yesterday. This can be clearly seen on the following...

Bitcoin’s consolidation continues as it’s trading exactly where it was a week ago. It had made a push higher toward the end of last week but got heavily rejected by the $38-40k zone, where it met resistance at the upper boundary of a symmetrical triangle pattern (as shown below). From there, BTC headed lower over the weekend, reaching $34,850 on Bitstamp, where it found support at the lower boundary of the same symmetrical triangle pattern. It has since bounced higher and it...

Approximately five months after allocating 2.5% of its portfolio in BTC, Ruffer Investment has sold its entire position at a profit of over $1 billion. The firm cited the declining interest from younger generations as the primary reason for the sale. CryptoPotato reported in late 2020 that the giant asset manager founded in 1994 in the UK had entered the bitcoin field by investing 2.5% of its portfolio. Although some initial reports indicated that the percentage represented...

Although the weekend started on a positive note for bitcoin, it continued with price slumps, and the asset plunged by about $3,000 in hours. The altcoins are also deep in red, with ETH dumping below $2,700 and BNB beneath $400 – the market cap lost another sizeable chunk of value in a day. Bitcoin Struggles at $36K The workweek was actually going well for the primary cryptocurrency as it was gaining traction and even jumped to a six-day high of $39,500. However, the inability...

The latest substantial market crash has turned bitcoin into a “discounted and refreshed” asset, argued researchers from Bloomberg. In their most recent paper, they reasoned that BTC might stay in a range between $30,000 and $40,000 for a while, but its ultimate trajectory by the end of the year is towards $100,000. DIscounted and Refreshed Bitcoin Bitcoin’s price went through a roller-coaster since its all-time high in mid-April at $65,000. The freefall began in May, perhaps...

Bitcoin has bounced off after the latest negative engagement by Elon Musk and has neared $38,000. Most alternative coins have spiked even harder in the past 24 hours, with ETH trading around $2,800 and BNB surging well past $400. Bitcoin Recovers the Latest Elon Musk Dump After the previous weekend in which BTC dumped below $34,000, the asset performed rather well during the workweek. It was gradually increasing for a few consecutive days and even broke above $37,000. The...

Speaking to Anthony Pompliano during the 2021 Bitcoin conference, the Gemini founders, Tyler and Cameron Winklevoss noted that they are still BTC hodlers and pledged to hold at least until the price reaches $500,000. Additionally, they called the US dollar the “ultimately shitcoin.” The Winklevoss twins are among the most famous early BTC adopters, having purchased sizeable amounts in 2012. During the conference, the brothers said they firstly bought when the asset’s price...

With the largest Bitcoin conference to date taking place in Miami, CryptoPotato had the chance to speak with one of the most prominent BTC proponents – Max Keiser. During the interview, the host of the Keiser report talked about the remarkable difference between the first Bitcoin conference in Prague ten years ago, price movements, crypto sentiment, and more. What a Difference Ten Years Can Make Keiser, who has been among the most well-known BTC bulls for over a decade, spoke...

We saw another week of relatively choppy price action as the major cryptocurrencies failed to chart any serious gain. On the opposite – with a few exceptions, most of the coins underwater. Bitcoin Bitcoin is down by a total of 4.7% this week and is trading inside an ascending price channel as it battles to remain above the upper boundary at around $36,600. The cryptocurrency had an interesting week of trading after meeting the resistance at $40,760 (bearish .382 Fib) last...

Bitcoin could be heading towards a significant price boost, at least according to several on-chain features. Miners have ceased disposing of their coins, and so have long-term hodlers. At the same time, the Stablecoin Supply Ratio has dropped substantially lately. Miners and Long-Term Holders Refuse to Sell Apart from being the backbone of the Bitcoin network, miners also have a notable role when it comes down to the price of the underlying asset. As previously reported by...