Bitcoin has seen some immense selling pressure today that has led it down to its key support at $9,000. The crypto is now flashing some signs of growing weakness as it continues struggling to post any decisive bounce at this level. This has led analysts to note that the cryptocurrency’s selling pressure is “back in…
DetailsDespite the ongoing retracement in the prices of Bitcoin, Ethereum, and other top cryptocurrencies, investors remain highly optimistic about this market. ETH, especially, has benefited from traders, with data from leading crypto exchange Bitfinex indicating that there are more long positions open for Ethereum than ever before. “What. Is. Happening. 2.2% of all ETH in…
DetailsIt has been a rough day for the benchmark cryptocurrency. After flashing some signs of weakness, Bitcoin briefly dipped below $9,000 earlier today before incurring enough buying pressure to propel it back above this level. This decline led BTC down towards its 200-day moving average, which has so far been defended by bulls. The 200-day…
DetailsEthereum reacted to the downside after it failed to clear the $215 resistance against the US Dollar. ETH price is currently showing bearish signs and it could decline to $200 or $192. Ethereum is slowly moving lower and now trading well below the $215 resistance. The price is struggling to stay above $210 and the…
DetailsAfter holding in the high-$9,000s for days on end, Bitcoin recently exhibited some weakness uncharacteristic to the recent uptrend. The cryptocurrency fell from the $9,800 support level to $9,100 in a move that liquidated $40 million, with BTC plunging on fears of Satoshi Nakamoto liquidating his coins. Bitcoin price chart from TradingView.com. Chart shows the cryptocurrency’s…
DetailsHedge funds with exposure in the Bitcoin market have returned better year-to-date yields than their traditional peers, according to researchers at HFR. A rally in April 2020 lifted crypto hedge fund YTD profits to 13.4 percent, while a wider hedge fund industry suffered losses. Meanwhile, the Embark Group’s Peter Toogood warned that many fund managers…
DetailsBitcoin failed to climb above the $9,950 and $10,000 resistance levels against the US Dollar. BTC price is currently plunging and it is now vulnerable to more losses below $9,400. Bitcoin is down more than 3% from the weekly high and it is now showing bearish signs. The price is trading well below the $9,600…
DetailsThis morning, a 50 BTC transaction with a UTXO from February 2009 was made, sending the Bitcoin community into a storm of speculation. Was it Satoshi who was moving the coins, or someone close to the original, mysterious creator of the first-ever cryptocurrency? The discussion has brought back discussion as to who Satoshi actually could…
DetailsSo-called “Crypto Twitter” was set ablaze today by an unusual 50 Bitcoin transaction made by a Satoshi-era wallet from 2009 that has been dormant for over a decade. News of this initially led many to speculate that this could be the cryptocurrency’s elusive founder – Satoshi Nakamoto –moving his holdings, but later data suggests that…
DetailsThe global Coronavirus pandemic has had far reaching political and economic effects, leading to widespread money printing that will eventually catalyze immense inflation. So far, Bitcoin has been a beneficiary from this ongoing economic turbulence. There now appears to be a strong case for the idea that the US Dollar will cede its global dominance…
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