Tag Archives: BTCGBP

Volatility is undoubtedly back within the crypto markets. Over the past few hours, Bitcoin gained about $600 and lost them almost immediately. This happens as one of the world’s largest drugmakers, Pfizer, said that its COVID19 vaccine has been positive in over 90% of the trial cases. Bitcoin Pumps and Dumps $600 In Hours The past few weeks have been nothing but exciting for Bitcoin as the cryptocurrency managed to briefly touch $16,000 for the first time in years. Today, it...

Data from the on-chain analytics resource Glassnode indicates that Bitcoin miners have sent sizeable BTC portions to exchanges in the past 24 hours. With the asset price hovering above $15,500, the question remains if they are to cash out profits and possibly drive Bitcoin south. Miners Send BTC To Exchanges Implies A Price Dip? Bitcoin miners are arguably the most vital part of the entire BTC ecosystem. By solving complex computational problems, they process Bitcoin...

A JPMorgan report suggested that some investors, such as family offices, have been allocating more funds into Bitcoin rather than gold in recent months. The analysts from the giant multinational investment bank also noted that the comparison between the two assets could propel a massive price increase for BTC. Bitcoin’s Impressive Developments As Of Late In its latest paper exploring Bitcoin’s price and fundamentals, the JPMorgan analysts listed several reasons why the...

Despite briefly tanking following the results of the US Presidential elections, Bitcoin has reclaimed the $15,000 mark and registered its third-highest weekly close. The altcoins have also recovered yesterday’s losses, and the market cap has jumped back to $440 billion. Bitcoin’s Third-Best Weekly Close Bitcoin peaked at a new yearly high on Friday as the uncertainty of the US elections grew. However, once the results came in, meaning that the 46th US President will be Joseph...

Bitcoin price has eclipsed last year’s high in an explosive rally up to the $16,000 mark. The market sentiment is bullish, and predictions call for higher highs by the end of this year. However, one accomplished trader has raised the bar quite high. He thinks BTC will be worth anything in the $80,000-$90,000 range by June 2021. Bitcoin’s Price At $20,000 Next? Yes, According To The Rising Blue Arc A popular TradingView based chartist ‘MagicPoopCannon’ (MPC) is projecting...

Bitcoin bulls have managed to regain some of the lost ground from the heavy 10% correction that took place between Friday and Saturday, November 6-7. The crash coincided with BTC failing to break above the psychological $16,000 – a level not seen January 8, 2018 – and the heated 2020 US Presidential election drawing to a close. Looking at the following 4-hour chart, we can see that a very subtle divergence on the RSI (red lines) showed the surging uptrend was weakening and...

The official election of Joe Biden as the 46th US President resulted in a sharp nosedive for Bitcoin and the rest of the cryptocurrency market. While BTC dumped to a low of $14,350 at its Saturday’s lowest, the total market cap lost nearly $30 billion at one point yesterday. Biden’s Election Drove BTC Down? The past week has been quite impressive for Bitcoin. The primary cryptocurrency entered the election day on November 3rd at about $13,300. The uncertainty that followed...

The uncertainty seems to have come to an end: Biden is the new president of the United States after winning the decisive electoral votes of Georgia and Pennsylvania. At this moment, Biden has 290 votes out of the 270 needed to win the presidency, while Trump has only 214. And with only 34 votes in dispute, the chapter is practically closed. Biden vs Trump 2020 electionsBitcoin’s Sell The News In Reaction to Biden Winning The new president was quick to change his Twitter bio...

Startups have taken note of the growing interest in cryptocurrencies, seizing the opportunity to position themselves in the market and Crypto ATM manufacturers are expanding more than ever. According to figures from the metrics website Coin ATM Radar, so far in 2020, there has been a growth of more than 80% in the deployment of new crypto ATMs. This is almost 3 times the amount reported at the beginning of 2019. Crypto ATMs Spread All Over The World The world welcomed 2020...

After increased volatility that took Bitcoin to $16,000 and $15,200, the cryptocurrency has calmed and trades around $15,500. The altcoins have surged in the past 24 hours as Ethereum is above $450, while Ripple is north of $0.26. Most impressively, Yearn Finance’s YFI token increased by around 100%. Bitcoin Calms After Record Days The primary cryptocurrency has been marching confidently in the past several days. This led to consecutive yearly records and its highest price...