Another week, another round of Crypto Tidbits. At long last, Bitcoin and other large-cap cryptocurrencies are breaking higher. The market leader, for once, has posted a strong move over the past seven days, moving as high as $9,690. The pivotal $9,700 resistance was rejected — Bitcoin now trades for $9,650 as of this article’s writing. Yet…
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Bitcoin is finally moving higher after weeks of boring consolidation. In the past seven days, the asset has rallied around 4.5%. A small performance, sure, but one impressive when considering how stagnant large-cap cryptocurrency market has been over recent memory. From a macro perspective, this recent price action may not seem to be of much…
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Bitcoin rally has paused ahead of the “Big Tech” earnings report next week. Despite logging a massive growth in the second quarter, a veteran analyst sees Apple, Amazon, Alphabet, Microsoft, Facebook, and Netflix at overbought valuations. He expects a minor stock pullback in the Big Tech shares, which makes 18 percent of the US stock…
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Another week, another round of Crypto Tidbits. It’s been another boring week for Bitcoin. This may sound like a broken record at this point, but it’s true. As the chart below shows, the leading cryptocurrency has again been stuck in the low-$9,000s for days on end, failing to react to news events and technicals. Chart of…
DetailsBitcoin’s price has been stagnant for the past few months, but this hasn’t stopped institutions from pouring money into the benchmark digital asset. According to a new report from Grayscale, the company has been seeing massive institutional inflows into its BTC Trust, averaging at $43.8 million per week throughout the first half of 2020. Surprisingly,…
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Despite volatility in global stock markets, Bitcoin has remained relatively stagnant over recent days. Case in point: FTX’s BVOL token, which tracks volatility, is reaching all-time lows. Further corroborating this, the Bitcoin Bollinger Bands are at lows not seen since November 2018, just days before the 50% crash to the $3,000s. Yet technicals show that…
DetailsIt’s been a crazy past few days on Twitter for the Bitcoin and crypto industry. The accounts of Elon Musk, Joe Biden, Kanye West, and other prominent celebrities and names/entites in the cryptocurrency space were hacked to promote a scam involving Bitcoin. For those that don’t remember, the hackers posted tweets from these high-level accounts…
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Stellar (XLM) has been caught within the throes of an intense uptrend throughout the past few days, and the cryptocurrency’s momentum isn’t showing any signs of slowing down. This has allowed it to significantly outperform XRP – which is widely considered to be one of its main competitors. Analysts are now noting that this ongoing…
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Bitcoin is at a critical junction. A breakout into a new bull market here backs up the stock-to-flow theory and other halving and supply-driven expectations. Others believe in lengthening cycles between each major peak as adoption takes place and volatility decreases. However, the lengthening cycle theory coming true would essentially put an end to just…
DetailsThis week, the popular social platform Twitter was hacked to promote a scam where $120,000 in Bitcoin was stolen. Similar crypto scams have run rampant on the platform for some time. The ongoing issue highlights how social media has transformed from a place to post selfies, into an online community that is used to transfer…
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