Tag Archives: btcusd

It’s April, and the Bitcoin price has been hovering around the $28,000 level since Mar 23. That’s a roaring price rally after starting March at the $23,500 handle. Bitcoin started off the new year trading at a measly $17,000. The question for crypto investors and traders now is whether BTC is looking expensive at that price or poised for another leg upward over the next quarter or the remainder of the year. Two Quick Near-Term Price Factors One bullish hint is that the king...

The cryptocurrency market has stalled for the past several days, but all that is expected to change by the middle of the week. This is because of two notable events about to take place – the announcement of the latest CPI data in the United States and the long-anticipated Shanghai/Shapella update for the Ethereum network. CPI Data on the Horizon For the past year or so, the US CPI data has been strongly impacting bitcoin’s price performance, at least for the short term. The...

Bitcoin appears to have hit a ceiling as the price continued to hover below the psychological resistance level of $30,000. This has led some to believe that the rally may soon come to an end since futures OI has been relatively flat throughout the year. But the options market has a different story to tell. Potential Bitcoin Rally? According to the latest chart by Glassnode, the amount of Open Interest in Bitcoin Options contracts has reached $10.3 billion. Its futures...

Bitcoin’s price dip below $28,000 seems to be short-lived as the asset has spiked back above that level and even tapped $28,500 hours ago. The altcoins are also slightly in the green. LDO has recovered some of yesterday’s losses, while STX has soared the most. BTC Returns Above $28K After the massive volatility last Monday, which brought BTC south by over a grand on fake news surrounding Binance’s CEO, the cryptocurrency performed slightly better and calmer in the following...

Bitcoin’s recent upward trend has ceased, and the price has entered a phase of steady consolidation with no clear direction. The cryptocurrency is currently in a crucial zone, and in order to surpass the significant obstacle of the $30K resistance level, there must be an increase in demand and buying power. Technical Analysis By Shayan The Daily Chart Bitcoin has recently reached a critical zone of $30,000, which has proven to be a significant resistance level.. This level...

Bitcoin briefly dipped below $28,000 yesterday but has bounced off and currently sits inches above that line. As it happens quite frequently during the weekends, the trading volumes have declined, and even the more volatile by nature altcoins sit rather silent today. BTC Back Above $28K The start of this week saw some massive price fluctuations. It began with BTC’s price drop to $27,200 on Monday after fake news that Interpol had served Binance CEO CZ with a Red Notice....

The past seven days saw the broader cryptocurrency market cool down a bit, with some of the previous week’s leaders also taking a breather. Namely, Ripple’s XRP was unable to sustain the major gains it posted seven days ago and is lost around 5% throughout this week. It could just be setting itself up for another leg up, though. Let’s dive in. The total cryptocurrency market cap is down about $15 billion in the past seven days, which is indicative of it cooling down. BTC was...

Anthony Scaramucci – the founder of SkyBridge Capital and former White House official – believes “we’re through” the crypto bear market. He also praised bitcoin’s performance over the years, saying it’s the best long-term investment tool.  Time for a Market Surge? In a recent interview for Yahoo Finance, Scaramucci said the prolonged cryptocurrency winter, which saw numerous scandals, collapses, and market decline, could be already behind us. He went further advising...

The past 24 hours saw a few altcoins increase by double digits while Bitcoin remains relatively stagnant around the coveted $28,000 level. That said, BTC’s dominance has increased slightly through the day, suggesting that the altcoin market is underperforming. Ripple’s XRP, on the other hand, is charting mild gains and is currently trading above an important level. Bitcoin Stagnates at $28K It appears that the $28,000 level is presenting considerable challenges for Bitcoin,...

MicroStrategy is unrelenting with its Bitcoin purchases as it recently spend more than $29 million on over 1,000 BTC. MicroStrategy (NASDAQ: MSTR) has continued amassing more Bitcoin and has purchased an additional 1,045 BTC. The business intelligence firm announced it spent $29.3 million on the recent purchase, at an average of $28,016 per Bitcoin. According to a tweet from co-founder and executive chairman Michael Saylor, MicroStrategy’s portfolio now has 140,000 Bitcoins. The company...