After falling as low as $8,100 just an hour or two out from the halving, Bitcoin has shot back towards the daily highs. In the 30 minutes since the block reward halving came to pass, the cryptocurrency surged from $8,400 to a high of $8,825 — a bout of growth that amounts to 5%. Bitcoin…
DetailsWith the halving just a few hours away, investors and “hodlers” alike are growing overwhelmingly bullish about what the future holds for Bitcoin. Venture capitalist Tim Draper, for instance, argues that the supply shock could see the flagship cryptocurrency surge towards $250,000. Meanwhile, former hedge fund manager Raoul Pal believes that BTC may skyrocket to…
DetailsThe Bitcoin price rallied enormously in the weeks leading to its third mining reward halving on May 12, 2020. Many analysts believe the cryptocurrency would undergo a deep price pullback after the event, citing historical patterns. But the fractal ignores one crucial factor that led the bitcoin price lower after the second halving. Bitcoin will…
DetailsA brutal capitulation post halving could send the bitcoin price down by more than 30 percent, according to a top executive. Capriole Investments founder Charles Edwards fears that the cryptocurrency’s operational costs would be 70 percent higher than its current price after May 12, 2020. He expects traders to run out of reasons to purchase…
DetailsOKEx Jumpstart, an initiative of OKEx – a leading digital asset exchange and trading platform has announced another token sale project. The upcoming token sale of NDN Link (NDN) is set to go live on May 20, 2020, becoming the 13th project to do so on the platform. Established in January 2019, NDN Link combines…
DetailsJust 72 hours ago, Bitcoin was trading at $10,100, but the cryptocurrency has since sustained a strong drop. This culminated on Saturday evening and Sunday morning, when Bitcoin crashed from the $10,000 highs to $8,100 within the span of a few hours. It was a strong drop that liquidated over $200 million worth of long…
DetailsBitcoin last week climbed above $10,000 after breaking above a long-term Descending Trendline. But the cryptocurrency failed to sustain the upside momentum – and plunged by 20 percent over the weekend session. A top analyst highlighted that Bitcoin is tailing a bullish Nasdaq Composite fractal, envisioning a multi-year upside bias for the cryptocurrency. Bitcoin is…
DetailsRipple declined heavily from well above the $0.2200 resistance against the US Dollar. XRP is currently recovering, but upsides are likely to remain capped near $0.2080 and $0.2100. Ripple is trading in a bearish zone below the $0.2000 pivot level against the US dollar. The price traded as low as $0.1872 and it is currently…
DetailsEthereum is forming a decent support base above $180 against the US Dollar. ETH price is likely to start a strong increase if it breaks the $192 resistance zone. Ethereum started an upside correction from the $180 low and corrected above $185. The price is currently facing a couple of key hurdles near $190 and…
DetailsBitcoin declined heavily from the $10,000 resistance against the US Dollar. BTC is currently correcting higher and it seems like the bulls are likely to push the price back above $9,000. Bitcoin found support above the key $8,200 and $8,000 pivot levels. A low is formed at $8,267 and the price is currently correcting higher.…
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