After touching a multi-month high above $51,000, bitcoin has retraced slightly and currently stands around the coveted $50,000 mark. Most altcoins have also stalled on a 24-hour scale, except for Polygon, which has surged by roughly 20% in a day. Bitcoin Stands Around $50K Ever since the primary cryptocurrency recovered from its dip to $46,300 at the start of the month, the bulls have had control over the market. They pushed the asset to and beyond $50,000, as reported...
Read More »Bitcoin Price to Hit $100,000 by End of 2021: Chainalysis CEO
The CEO of blockchain forensics firm Chainalysis is optimistic that the bitcoin price will rise above $100,000 before the end of 2021. $100k by December 2021 In a Bloomberg interview on Thursday (September 3rd, 2021), Michael Gronager, who is also the co-founder of cryptocurrency exchange Kraken, asserted that bitcoin and the cryptocurrency market, in general, are still in a bull run state. Earlier in August, Kraken CEO Jesse Powell noted that the market was still in the...
Read More »Survey: Every Sixth Australian Owns Crypto as Bitcoin Maintains Popularity Crown
According to a recent research, 17% of Aussies have some cryptocurrency holdings. Bitcoin is still the most popular digital asset while Ethereum and Dogecoin ranked respectively second and third. What is The Crypto Trend in Australia? Finder’s Consumer Sentiment Tracker – a nationally representative survey of 1,000 Australians conducted by Qualtrics – revealed that one in six locals had entered the digital asset market. Most hodlers answered they purchased cryptocurrency...
Read More »Bitcoin is Superior to Gold According to 77% of Russian Investors: Survey
According to a recent survey, around three-quarters of Russian investors consider cryptocurrencies a better investment tool than gold. Less than 9% opined that the precious metal is superior, while 14% believe “familiar national currencies” are the best choice. Russians Prefer Crypto Than Gold The residents of the largest country by landmass seem to have a high opinion on digital assets. A recent research conducted by Russia’s Association of Forex Dealers (AFD) revealed that...
Read More »Multi-Month Highs: Bitcoin Reached $51K as ETH Touched $4K (Market Watch)
The Bitcoin bulls continued to push the cryptocurrency north in the past 24 hours, resulting in a multi-month high of just over $51,000. Most altcoins also performed well in the same timeframe, with ETH touching $4,000 for the first time since mid-May. Bitcoin Tapped $51K September didn’t start all that well for bitcoin as the asset fell to a multi-day low of $46,300 on Wednesday. However, this is where the situation quickly changed. The primary cryptocurrency started rising...
Read More »Bitcoin Back Above $50k, Altcoins Surging Double-Digits: The Weekly Crypto Recap
This week saw Bitcoin’s price surging past $50,000 on a few occasions, while altcoins have been charting double-digit gains all along. Let’s start with BTC. The primary cryptocurrency is up about 7% over the past seven days, and it’s currently sitting above the coveted $50K mark. However, it took it a few attempts to go there, and we need to see today’s daily candle close above it for further validation of the bullish continuation. Towards last weekend, Bitcoin attempted to...
Read More »BTC Facing $50k Again, Will This Attempt Finally Succeed? (Bitcoin Price Analysis)
BTC made an intraday push above the critical $50k level yesterday, reaching a high of $50.3k, but struggled to hold onto gains before dropping back below $50k. $50k is a technical and psychological level of resistance with a moderate amount of BTC moved on-chain, meaning it will take multiple attempts for the bulls to successfully make a close above it. Near term, as long as Bitcoin remains above the lows at $46.3k, continues to make higher lows, and tests $50k, we can expect...
Read More »Bitcoin Retests the Critical $50K Level, Is It Close to Breaking Out? (BTC Price Analysis)
BTC is starting off the month of September on a positive note gaining 7.9% from yesterday’s lows and with today’s attempt in retesting $50k for a potential breakout. The cryptocurrency appears to be completing the 10-day long consolidation after topping out at $50.5k on August 23rd, 2021. Leading up to the current attempt to break out, BTC tested key support at the 21-day MA, 21-day EMA, and nearly the 200-day moving average. Continuing accumulation and falling aggregate spot...
Read More »Twitter Supposedly Looking to Adopt Bitcoin Lightning Network for Tipping Service
Code within a recent Twitter beta suggests that the company is integrating a Bitcoin payment option for its new “Tip Jar” feature with the help of the lightning network. Tipping With Bitcoin Though Bitcoin tips are not yet available to beta users, code reveals that it could soon be implemented as a payment option alongside Cash App, Bandcamp, Patreon, Venmo, and PayPal. For the unfamiliar, users of the network will be guided through a Bitcoin tutorial, including details about...
Read More »Bitcoin Price Analysis: BTC Makes 2nd Consecutive Green Monthly Close, Time For Next Major Move?
BTC finished August on a positive note, printing the second consecutive monthly candle higher, completing an increase of 13.6%. This is quite notable for the largest cryptocurrency as the 2018 bear market never saw 2 strong consecutive monthly closes higher. Chart by TradingViewBitcoin’s Near-Term Consolidation BTC continues the near-term consolidation after finding resistance at $50k. So far, bitcoin’s price has held the green zone of support between $48.1k to $46k, where...
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