Tag Archives: Market Updates

Ignoring all known rules of gravity, Bitcoin has taken for the skies, and it shows absolutely no signs of slowing down. This week the cryptocurrency is up by another 14% and is currently trading just about 6% below its all-time high of around $20,000 reached in December 2017.The week started off fairly calmly, and some were even thinking that there is a correction incoming. This wasn’t the case, as right after the weekend, BTC started moving… up. It breached its former high on Wednesday and...

BitcoinBitcoin went through another powerful 15% price surge this week, which saw the cryptocurrency climbing over $18,000 and reaching as high as $18,800. It was trading at $16,400 last Friday, and it struggled to break this resistance over the weekend.This change on Monday, when Bitcoin started to surge higher. It quickly managed to push above $17,000 and break the resistance at the 2018 High at $17,186. The bull run continued higher throughout the week until resistance was found at around...

After exploding to new yearly highs and displaying extreme volatility levels, Bitcoin has retraced beneath $17,500. Most alternative coins have followed suit, and the market capitalization has fallen below $500 billion.Bitcoins Tanks To $17,500The past several days have only exemplified Bitcoin’s impressive run in Q4 2020. The primary cryptocurrency was struggling beneath $16,000 for a bit before initiating a remarkable leg up that resulted in new records.BTC painted a new yearly high –...

Following the recent roller-coaster that resulted in a few massive four-digit price movements, Bitcoin appears to have calmed north of the $18,000 price tag. The alternative coins also followed the volatility ride but have ultimately lost market dominance against BTC. More interestingly, Bitcoin has managed to reach an all-time high value in terms of its market capitalization, despite the price being lower than back in 2017. Bitcoin Calms After The Storm People use many words...

Bitcoin has overtaken the $16,000 price tag after struggling to remain above it during the weekend. Large-cap altcoins have fallen behind with slight decreases, while the DeFi field sees high volatility once more. Bitcoin Reclaims $16K As reported last Friday, Bitcoin’s impressive performance as of late took the asset towards a fresh yearly high of $16,500. After conquering this significant milestone, however, the primary cryptocurrency slumped. The weekend didn’t produce any...

Although BTC has recovered from the two dips beneath $16,000, so far over the weekend, the asset struggles with decisively reclaiming the coveted price level and the area between $16,000 – $16,250. Larger-cap altcoins have also lost some steam, but DeFi tokens have surged in value. Bitcoin Stalls Around $16K Bitcoin’s impressive performance as of late drove the asset from a low of about $15,100 on November 10th to a new yearly high of $16,500 last Friday. The community began...

After marking a new yearly high of $16,500, BTC now seems to be retracing. The cryptocurrency dropped to as low as $15,750 and recovered to where it’s currently trading at $15,880. Most altcoins are following suit. The Correction Begins? There’s a saying for traders that goes – ‘what goes up, must come down.’ In other words, it’s completely typical and healthy market behavior for prices to correct. This gives buyers the opportunity to consolidate and continue accumulating....

Bitcoin is up by a total of around 5% this week. However, the most interesting part is that it finally broke above the coveted $16,000 mark for the first time since January 2018. This time, however, things are looking a lot more stable. BTC had a few attempts at $16,000 and managed to convincingly break through today. Ironically, it’s Friday the 13th so there goes the myth of bad things happening on this date. At the time of this writing, the price is trading at above $16,200...

Bitcoin marches confidently towards new yearly highs while most alternative coins have failed in pursuit. Consequently, BTC’s dominance over the market has climbed above 65%. Red Dominates The Altcoins On a 24-hour scale, most alternative coins have either decreased in value or remained stagnant. Ethereum initiated a leg up towards $470, but the bears didn’t allow any further increases. In fact, they drove ETH’s price south, and the second-largest cryptocurrency struggles at...

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...