Tag Archives: btcusd

Green is the predominant color in the cryptocurrency markets, with some massive gains across the leading cryptos. Bitcoin marked a new yearly high of above $11,700, while Ethereum exceeded above the $350 level.Bitcoin Rejoice At A New Yearly HighBitcoin’s first days in July were rather dull as it traded sideways in a tight range. It appears, however, that the primary cryptocurrency doesn’t want to repeat this dullness in August. During the past three days, BTC headed upwards from about...

Today is the first day of August, and this means that a few hours ago, the monthly candle of July closed.A surprising fact is that only once in its history, Bitcoin had recorded a monthly close higher than yesterday’s – and that was during December 2017 – the peak of the bubble.After two months of dull price action, while Bitcoin was mostly traded at around $9200, there came the breakout. And what a breakout it was.Looking at the following weekly chart, we can clearly see that the current...

This week was nothing short of exciting in the cryptocurrency markets. Bitcoin definitely woke up from its slumber and made a few aggressive moves upwards. Altcoins felt the pain as most of them decreased in value as the king of crypto took its toll. In seven short days, Bitcoin went from around $9,600 to $11,400, charting gains upwards of just shy of 20%. Earlier on Monday, the cryptocurrency catalyzed its performance, jumping from $9,800 to $11,200. After that, it...

BitcoinBitcoin saw a massive 17.7% price surge over the past week. During the past fortnight, Bitcoin managed to break above a symmetrical triangle pattern as it started to push higher to reach $9,815 by the start of this week.Bitcoin then went on to explode above $10,000 as it reached as high as $11,400 on some exchanges. The coin has struggled to break this resistance over the past 4-days and must overcome it for the bullish run to continue.Looking ahead, if the bulls can break resistance...

The latest data suggests that Bitcoin’s recent bullish stint has excited large scale investors. Whales have been accumulating copious amounts of BTC in anticipation of a larger rally. Also, there’s an almost 38 percent increment in Bitcoin addresses holding more than $1 million worth of BTC.Bitcoin Hodler Net Position Change Remains PositiveData from on-chain analysis and crypto market insights provider, Glassnode suggests that Bitcoin’s recent rally hasn’t induced much of a selling reaction...

After the infamous Twitter hack in mid-July, the social media giant has published a new update on its investigation, informing that the perpetrators successfully targeted a small number of employees through a phone spear-phishing attack.Phishing Attack Caused The Twitter HackFollowing the blatant attack on its network, Twitter has been quite transparent in its investigations, at least according to the regular updates the company shares. In the latest one, the social media platform outlined...

China has no reservation against ‘Bitcoin activities as virtual commodities,’ the Beijing Arbitration Commission (BAC) said in a report today. The report also added that the country’s laws and regulations ‘do not prohibit’ private possession and legal circulation of BTC.Bitcoin Is Not A Currency, But A ‘Virtual Commodity’Today local non-profit arbitration organization, the Beijing Arbitration Commission, pointed out in a report that Bitcoin cannot be used as a currency. It is not a legal...

Bitcoin has remained calm in the past 24 hours, with minor gains towards $11,100. Unlike the primary currency, the altcoin market has seen impressive gains, including yesterday’s birthday project – Ethereum and Chainlink.Although the US economy suffered its worst quarter since the Second World War in terms of GDP results, Wall Street is breaking records, especially in the technology field.Bitcoin: Back to Stability?The primary cryptocurrency remained relatively stable in the past 24 hours....

$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...