Bitcoin price pulled back in the early trading session Tuesday after logging a strong opening for the weekend a day before. The corrective action appeared as the rising number of COVID cases in the US prompted the Federal Reserve to make a stark warning. The central bank said the trajectory of the US’s economic recovery…
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Bitcoin dominance has been caught in a descending channel since May when it reached 69%. At present, BTC represents 64.9% of the total cryptocurrency market cap, a 10-week low. Bitcoin dominance year to date. (Source: tradingview.com) The end of last month saw the start of a sharp down leg, which has had the effect of…
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Bitcoin SV, the controversial blockchain token promoted by Craig Wright, has surged by 21 percent in just two days. The wild price rally surfaced as Bitcoin, the leading cryptocurrency token, jumped above $9,300 after a week of rangebound action. Nevertheless, the extent of Bitcoin SV’s rise surprised, given the move had no solid catalysts backing…
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Ethereum is struggling to clear the $230 resistance level against the US Dollar. ETH price is showing positive signs and it seems like a close above the 100 SMA (H4) could trigger a fresh rally. ETH price is slowly moving higher towards the $230 resistance against the US Dollar. A close above the 100 simple…
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Bitcoin is still holding the $9,000 support zone against the US Dollar. BTC is now approaching a crucial juncture and it could either rally above $9,200 or start a sharp decline below $9,000. Bitcoin is trading below a couple of important hurdles near $9,200 and $9,220. The price seems to be forming a strong support…
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Bitcoin and the stock market have formed a close correlation in recent weeks, but this is now showing some signs of breaking as BTC trades sideways while most equities begin picking up some momentum. The stock market has been seeing an intense recovery, and its momentum appears to be picking up once again as many…
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Bitcoin has seen some of the most boring price action it has witnessed in over a year. After ranging between $9,000 and $10,000 for over two months, the cryptocurrency has now narrowed its trading range to between $9,000 and $9,300, with BTC primarily just hovering around $9,100. The benchmark digital asset is showing few signs…
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Bitcoin’s price action has quickly become unbearable for many traders. As NewsBTC has reported extensively over recent days, the crypto market has come to an absolute standstill. In the past week, the cryptocurrency has traded in a right 5.5% range, with bulls and bears not even attempting to break out of the consolidation. Stepping back,…
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There’s been much debate over recent weeks over the work of Bitcoin analyst “PlanB” and his Stock to Flow (S2F) model. Some have argued that his work is valid while others aren’t so sure. On July 3rd, the analyst put the community to a vote, asking whether or not they believe in the model. The…
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All across the United States, American Bitcoin investors are stepping away from their trading desks to celebrate. In addition to celebrating the country’s independence, they can also celebrate the on average 268% ROI Bitcoin brings from holiday to holiday. Will the next 365 days in crypto market price action lead to even more financial independence…
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