Tag Archives: btcusd

The lack of substantial price movements from Bitcoin during the past 24 hours, while simultaneously altcoins and, DeFi tokens, in particular, rise, means that BTC’s dominance over the market continues to decline to its yearly low.Altcoins And DeFi On The RiseThe altcoin market indicates several impressive gainers throughout the past 24 hours. Above all now stands Ampleforth (AMPL), with a significant increase of over 30% to $4.This surge comes merely weeks after the company announced the...

Unlike Bitcoin’s stability, the altcoins are celebrating in their own party. Bitcoin dominance recently reached its yearly-low areas after dropping below 62.5% over the past few hours.Wild Move Upcoming?From a technical point of view, Bitcoin’s stability period like this usually ends with a wild move. The indicator we mainly use to measure volatility is the Bollinger Bands.Those are the three lines following the price action’s candlesticks on the following daily chart. Whenever the upper and...

Bitcoin prices followed stock markets down on Friday, sliding to an intraday low of $9,050; however, the primary cryptocurrency was able to recover in order to reclaim $9,300 over the past day but failed to break resistance there, sliding again to around $9,200 during most of Saturday.BTC/USD, Bitstamp. Source: TradingViewThe move has kept BTC within its range-bound channel as the consolidation, which began in early May, resumes. Trading volumes and volatility is dwindling, which could signal...

Nearly 90% of cryptocurrency investors worry about what will happen to their funds in case they pass away, a new study revealed. However, less than 25% of participants noted that they organized a comprehensive plan regarding their digital asset will.Cryptocurrency Funds After DeathThe digital asset field differs from traditional finance in various forms. Apart from the decentralized nature which attracts numerous proponents and investors, leaving a detailed will is not as simple.Due to...

One out of four men, alleged in a $722 million Ponzi scheme, has pleaded guilty on his charges before а U.S. District Judge. The Romanian programmer Silviu Catalin Balaci, 35, faces a penalty of prison and a fine for a long-running cryptomining fraud with partners.Defrauding Investors Of More Than $722MBalaci was arrested earlier in Germany in December 2019. The charges against him allege that he participated in a well-maintained conspiracy to commit wire fraud and a conspiracy to offer and...

In a recent interview with Real Vision boss Raoul Pal, Kraken CEO Jesse Powell said some startling things.According to him, Bitcoin’s anonymous creator Satoshi Nakamoto may have foreseen a bigger financial crisis than 2008’s Great Recession.Jesse Powell: ‘Satoshi Saw a Bigger Bubble Coming’The second to last talk of Real Vision’s exclusive ‘The Crypto Gathering Webinar’ saw Bitcoin and crypto exchange Kraken’s CEO Jesse Powell talk about a lot of insightful stuff.However, things took an...

A recent poll revealed that the majority of people are currently HODLing, buying, or selling Bitcoin while only a small 12% of participants say they do not have a BTC position at this time.Interesting Poll ResultsFamous analyst and creator of the Bitcoin SF2 price model, PlanB, conducted a poll on Twitter to find out what crypto enthusiasts are currently doing with Bitcoin. He asked, “you are currently,” while providing four options for participants to choose from.The poll lasted for 24 hours...

Bitcoin remains in its quite familiar range between $9,000 and $9,300 after a 2% increase from yesterday’s low.The most prominent US-based indexes registered similar increases yesterday, confirming the high correlation levels between the two asset groups.Bitcoin And Altcoins RecoverAs reported yesterday, the price for the primary cryptocurrency decreased to $9,050 on some exchanges like Bitstamp. On its way down, Bitcoin broke below the $9,300 level. The significant support at $9,000 confined...

It’s safe to say that July has been relatively dull for Bitcoin when it comes to price action. The major cryptocurrency spent the last week trading in a range between $9,100 and $9,400 without any major fluctuations.It’s also worth noting that legacy markets and Bitcoin’s price remain aggressively correlated. In fact, a lot of analysts on Twitter are now saying that currently, the futures on stock markets are a valuable indicator of where Bitcoin will head next.The most recent example came...

BitcoinBitcoin saw a small 1% increase this week as it continued to trade sideways within the confines of a symmetrical triangle pattern. BTC has been trapped within this triangle since the start of June 2020, and a breakout will dictate the next direction.Looking ahead, if the buyers can rebound from the lower boundary of the triangle and push above the upper boundary, the first level of resistance will be located at $9,815. This is followed by additional resistance at $10,000, $10,226, and...