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Tag Archives: Market Updates

Bitcoin Retests $16K Again: Double Top or New High Soon? (Market Watch)

After breaking the previous yearly high and briefly spiking to $16,000, BTC has retraced slightly and trades beneath that level. Simultaneously, Ethereum surged to a new high since early September, while Chainlink’s impressive weekly performance has taken the asset to the 5th spot in terms of market cap. Bitcoin Sees New YTD High But Retraces BTC has performed quite decisively lately. The asset jumped to a new year-to-date high on Friday of just shy $16,000. Although it...

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Crypto Market Watch: DeFi Tokens Explode As Bitcoin Price Stagnant

During the past 24 hours, Bitcoin tanked to $15,100, but it has recovered since then and trades around $15,400. Most high and mid-cap altcoins have outlined substantial gains and have reduced BTC’s dominance to below 64%. Bitcoin Price Slides But Recovers After peaking at nearly $16,000 last week, Bitcoin has struggled with maintaining such a high price tag. It dropped below $14,300 a few days after, but managed to initiate a false breakout towards $15,800 when news broke...

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Crypto Market Watch: The Bitcoin’s Calm After The Storm

Bitcoin went on a wild ride yesterday when news of a COVID-19 vaccine broke out, but has calmed since then and currently trades at around $15,300. The leading alternative coins have also cooled down as Ethereum sits around $450 and Ripple at $0.25. Bitcoin Calms After Increased Volatility The primary cryptocurrency demonstrated high fluctuations in the past week. It topped at a new yearly high of about $16,000 on Friday but then nosedived a few days later to below $14,300....

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Bitcoin Safely Above $15K After The Highest Weekly Close Since January 2018 (Market Watch)

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...

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Market Watch: Bitcoin Back At $15K As Crypto Markets Lost $30 Billion After Biden’s Win

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...

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Market Watch: YFI Soars 100% As Bitcon Hovers At $15.5K

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...

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Bitcoin Rips To $16K, ATH Soon? The Crypto Weekly Report

This week was wild for Bitcoin. Starting at around $13,500, the cryptocurrency went on to shatter the high set back in 2019 and surge to as much as $16,000 just today. It’s interesting to note that this happens despite the fact that retail investors are yet nowhere to be found, according to data. It appears that the current rally is driven mostly by institutions. All of this takes place while the 2020 US Presidential Elections are still ongoing. Of course, Bitcoin’s path is...

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Crypto Price Analysis & Overview November 6th: Bitcoin, Ethereum, Ripple, Litecoin, and Cardano

Bitcoin Bitcoin saw an extraordinary 15.3% price surge this week which allowed the cryptocurrency to scratch the $16,000 level today. It has since dropped slightly to $15,500 but is still very much bullish. BTC started the week at $13,200. From there it headed higher into the $13,800 resistance but stalled at the weekend. As the election started in the US, BTC started to surge. Initially, it found resistance at $14,190 but this was penetrated yesterday as Bitcoin surged all...

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Market Watch: The Altcoins That Suffered Hardest Despite Bitcoin’s Latest Rally

The cryptocurrency community is buzzing with reports and tweets about the prices. Bitcoin is frequently marking fresh yearly highs. Even the 2019 record of nearly $14,000 was taken down and seems far behind. Just yesterday, the primary cryptocurrency gained about $1,500 of value in 24 hours. As something similar occurred precisely three years ago, before the all-time high of $20,000, it got the community speculating and anticipating a new record. Although most alternative...

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Altcoin Nightmare: Market Cap Down $10 Billion as Bitcoin Dominance Surges

Bitcoin continues to struggle ever since it peaked above $14,100 during the weekend. The situation with alternative coins is even worse, and the total market capitalization has dipped to about $390 billion. Bitcoin’s Struggles Since Its 1,000-Day Peak CryptoPotato reported over the weekend that the primary cryptocurrency spiked to a new 2020 high of about $14,100. The difference between this record and the previous ones registered in October was that it surpassed the 2019’s...

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