Tag Archives: Wall Street

Bitcoin has failed to sustain its recent bullish run and has dropped to approximately $10,600. Most alternative coins have mimicked BTC’s move, resulting in a $10 billion loss from the total market cap.Bitcoin Fails At $10,800As reported yesterday, Bitcoin had reacted positively on news that US President Donald Trump left the hospital after a few days and returned to the White House. The primary cryptocurrency, copying gains on Wall Street, accelerated in price and peaked at $10,800.However,...

Bitcoin has stayed in a relatively tight range between $10,500 and $10,600.Most large-cap altcoins performed similarly, except for Binance Coin. After a 9% increase for the week, BNB now occupies the 5th spot in terms of total market cap.Bitcoin Remains In A Tight RangeFollowing the recent price declines from Friday and early Saturday, Bitcoin calmed down. Since yesterday, BTC dipped to a low of around $10,500 and jumped towards the intraday high of $10,600.In the past 24 hours, BTC has...

Following the recent price decreases after the BitMEX and Donald Trump COVID19 news, Bitcoin has calmed and trades above $10,500. The situation with the altcoins is somewhat different as most continue struggling.Bitcoin Stays Calm After The DropsAs reported yesterday, Bitcoin tumbled from $10,900 to about $10,450 in a matter of hours. The drop came after news broke that the US CFTC charged the owners of the large cryptocurrency derivatives exchange BitMEX for illegally operating the platform...

In a recent tweet, the popular Bitcoin proponent and permabull Mike Novogratz explained the reasons for which he got into it.He also said that if BTC’s price reached $100,000, he would donate most of his profits to charity.Mike Novogratz and Why He Got into Crypto and BitcoinOne of the things that make the cryptocurrency field so interesting is the different intent of the people in it. Some are in for the gains, some are in for the technology, while others base their merits on concepts, far...

Bitcoin has followed Wednesday’s increases on Wall Street and has risen to about $10,400. Most altcoins are also in green, as the total market cap sees a $22 billion addition over the past day.Ethereum, Polkadot, and Chainlink surge by approximately 10%, while DeFi tokens lead the way with the most gains, as YFI touches the 3 BTC mark once again.ETH Above $370The altcoin market sustained some severe losses in the past week. Nevertheless, they are displaying signs of recovery today, with green...

After a few days of declines, Bitcoin has regained some value and is hovering around $10,500. Most altcoins are also recovering, with the total market gap increasing by $10 billion from yesterday’s bottom.Bitcoin Bounces Off $10KThe bears dominated the cryptocurrency field in the past few days. Bitcoin dipped below $10,000 on two occasions just days after exceeding $12,000. Since the second drop, though, BTC has displayed signs of recovery and is currently trading around $10,500.From a...

The events of the past seven days took a turn for the worst throughout the entire cryptocurrency market. Bitcoin started the week trading at around $11,500 and managed to advance to a peak of around $12,050 a few days later.And that’s when it went downhill.In less than two days, BTC lost around $1,500 of its value, bringing the price down to its current level of $10,500. However, the primary cryptocurrency spiked to a low of $9,875 on Binance before recovering, taking all large-cap altcoins...

In a statement released an hour ago, the Chairman of the US Federal Reserve, Jerome Powell, revealed a serious policy shift aimed at average inflation targeting.As a result, the prices for gold, silver, and Bitcoin pumped collectively immediately after the announcement. However, all three assets have also decreased in a similar manner minutes after that.US Federal Reserve Taps the Standard 2% Inflation TargetIn his latest statement, the Chairman of the Federal Reserve of the United States,...

Seven US-based giant companies, namely Facebook Inc, Apple Inc, Amazon.com Inc, Microsoft Corp, Alphabet Inc, Tesla Inc, and Salesforce.com Inc, gained nearly $300 billion in total market cap during yesterday’s trading session on Wall Street.This only goes to show how small the digital asset field is compared to the giants, as their one-day combined gains represent almost the entire crypto market cap.$282B Gained In A Day By 7 US CompaniesGreen dominated most tech-oriented stocks on Wall...

Bitcoin has remained calm in the past 24 hours, with minor gains towards $11,100. Unlike the primary currency, the altcoin market has seen impressive gains, including yesterday’s birthday project – Ethereum and Chainlink.Although the US economy suffered its worst quarter since the Second World War in terms of GDP results, Wall Street is breaking records, especially in the technology field.Bitcoin: Back to Stability?The primary cryptocurrency remained relatively stable in the past 24 hours....