As we have already reported, Bitcoin (BTC) was for sure the best profitable investment in 2019. If we compare it to “more traditional assets” it still seems we are right:• Nasdaq: +33.98 percent• S&P 500: +30.80 percent• Dow Jones: +24.23 percent• Gold: +17.83 percent• Bitcoin: +96.81 percentAlso, the network hash rate once again breached previous records as well. When looking at the data from numerous monitoring resources – it is sure that the hash rate was at its highest on the first...
Read More »2019 Bitcoin Wrap: How Fundamental Factors Dictate Market Sentiment
At the time of writing, BTC/USD was changing hands for $7,230.01, down about 2% in the last 24 hours and not changing since the start of the day. The cryptocurrency of the first choice is closed in the range with a moderate bearish bias before the New Year.Brokers and financial specialists will, in general, leave the space during significant occasions. Accordingly, low, slow action prompts low volumes and low liquidity. While the generally merry season in the business sectors is exhausting,...
Read More »Bitcoin Post-Holiday Consolidation Opens Up New Opportunities for Altcoins
Bitcoin’s market capitalization has grown by 1.4% over the past 24 hours and now stands at $ 197.1 billion. Trading volume also rose to $ 17.2 billion (+ 26.6%). The weakness of the Bitcoin consolidation made it lose a bit of dominance, which now stands at 68.08%.Bitcoin (-0.16%) uninterrupted with growth over the weekend, but with fears among buyers, while Bitcoin SV, Litecoin and Bitcoin Cash has grown by 3.5% over the past 24 hours. Also a solid momentum: Binance Coin (+ 5-15%), Ethereum...
Read More »Peter Schiff is Right in One Thing: Bitcoin Became Uncorrelated Asset
Even though we can say that Bitcoin was one of the assets that grew almost 100% this year, it seems that Euro Pacific Capital CEO Peter Schiff doesn’t agree.In his tweet, Schiff pointed out that that Bitcoin is the only asset class that is not rallying at the moment.Bitcoin is not disappointing those who claim its true value is that it’s a non-correlated asset. Every asset class in the world is rallying into the end of the year except Bitcoin. Not sure what value this actually adds, but at...
Read More »Mike Novogratz Predicts Bitcoin Enters Year 2020 in 12K Price Zone
Novogratz is a fan of making Twitter predictions. This time, he thinks that Donald Trump will lose the Presidential elections. His competitor, according to Novogratz, will have 10 million votes more. One of the subscribers made a bet that this will not happen, placing 1 ETH and Novogratz accepted the deal.However, when it comes to Tom Hanks, Novogratz thinks that no other actors can dive into the Process as precisely as he can. Regarding “A Beautiful Day in the Neighborhood”, he thinks that...
Read More »Bitcoin Boom or Burst: Fresh Wave of Rallies Appears to Be Hitting the Market
Bitcoin has spiked this week, reaching $7,600 on Monday for the first time in almost 14 days, but quickly declined at the upper price level of $7,688.99. This step increased the profit of Bitcoins before the holidays.Investors are encouraged that now Bitcoin is approaching the $8,000 level. And there is an increasing likelihood that traditional non-crypto investors, traditional financial investors, may again begin to look at crypto. This is very important because introducing this new type of...
Read More »Mixed Outlook Looms even as Bitcoin Rally Attempts to Get Closer to $8000
The weekend was positive for Bitcoin with another batch mimicking up during late U.S. trading and early Monday morning in Asia.BTC/USD is currently trading at $7,521 (+ 5.4% on the daily chart). The coin has been recovering since Sunday. During the early Asian hours, the cryptocurrency attempted the area above $7,600.Sentiment among traders and analysts altered back up again as optimism for “a year-end rally” returned to cryptocurrencies.Analysts maintained their range during the sudden...
Read More »Bitcoin Price to Cross $20,000 in 2020, Says Blockchain Capital
It has been two years now that Bitcoin price hit its all-time high of $20,000 in December 2017. Since then it has been a tough ride for Bitcoin investors as the world’s largest cryptocurrency lost 80% of its value in 2018.In April 2019, the crypto market along with Bitcoin revived as the BTC price surged from $3500 levels to go above $13,500. This price surge brought some renewed optimism among crypto enthusiasts. However, Bitcoin has been again moving sideways facing downward pressure since...
Read More »Bitcoin Prices Rise Again Above $7,000
In what seems like an unexpected resurrection, Bitcoin prices have rebounded above the psychological level of $7,000 indicating a resurgence despite waning market sentiments. Many within the crypto space had thought that this was the beginning of the end for Bitcoin prices without realizing that Bitcoin prices will rise again and also that the dip below $7,000 was temporary.This price drop, however, raised concerns among many within the cryptospace as this dip was the lowest since Bitcoin...
Read More »Is Bitcoin Already Oversold after Recording the Recent Plunge?
Today Bitcoin endured another fall, tumbling to the price level at $6,700 and drawing closer to the price level at $6,600.The cryptocurrency of the first choice has arrived at just $6,670.37 today, the most reduced level since late November. Now, the digital money has declined by over half from its 2019 high, as in June on the level at $13,879.21.Bitcoin continued a consistent descending pattern for a considerable length of time, during which time it exchanged to a descending channel.After...
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