Bitcoin’s recent uptrend appears to be far more than just a fleeting relief rally, as data suggests that it has been driven primarily by retail investors as margin traders flee the market due to the mass liquidations resulting from recent volatility. This coincides with an interesting trend seen while looking towards the cryptocurrency’s daily volume,…
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Bitcoin has seen some relatively involatile trading in the time following its recent rejection at $9,500, as the cryptocurrency has been able to stabilize within the upper-$8,000 region. It is important to note that this stability has favored buyers due to the crypto being able to show some tempered signs of bullishness as it pushes…
DetailsThe price action over the past few days has undoubtedly been positive for Bitcoin. Case in point: the cryptocurrency ripped over 20% higher from the mid-$7,000s to a price as high as $9,500 over the course of 48 hours. Prices have since consolidated at $8,800, with BTC finding itself stuck between support around $8,500 and…
DetailsToday is a new month, and that means that last night’s daily close also market the April candle close on Bitcoin monthly price charts. Last night’s close marked the first-ever cryptocurrency’s best April performance since 2013, even easily besting the April 2019 rally that took Bitcoin to over $13,000. Is this a sign that the…
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Chainlink has seen a notable recovery from its daily lows today, as the crypto’s bulls have stepped up and defended against it seeing further underperformance of Bitcoin and other altcoins. This comes as the cryptocurrency sees some notable fundamental developments, including an imminent listing on Gemini as well as the integration of multiple Chainlink oracles…
DetailsThe stock market’s striking correlation to Bitcoin throughout the past few months still appears to be holding strong, even despite Bitcoin’s intense rally seen over the past couple of days. It now appears that this correlation could once again prove to be highly negative for the benchmark cryptocurrency, as some major components of the market…
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In January, Tesla CEO Elon Musk mentioned Bitcoin in an innuendo-filled tweet that went viral on Twitter and within the media in the industry. At the time, the technologist wrote that BTC “is *not* my safe word” in a seeming attempt to rile up the crypto community. On May 1st, Musk continued his attempts to…
DetailsBitcoin appears to have now entered another bout of consolidation as the cryptocurrency attempts to break into the $9,000 region. This comes as buyers struggle to surmount the heavy selling pressure that has laced the upper $8,000 region. It seems as though could be on the cusp of seeing a pullback, as one extremely popular…
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Another week, another round of Crypto Tidbits. Bitcoin has been one of the best-performing assets in financial markets over the past week, managing to rally as high as $9,500 — over 25% higher where it started this week. Altcoins, interestingly, have underperformed the market leader, with Ethereum and XRP both gaining around 10% over the past…
DetailsDespite the roaring recovery in the S&P 500, crypto, and other markets, many facets of the global economy remain in recession. Dozens of millions are unemployed, consumer spending is down, and the global supply chain has come to a screeching halt. With cashflows going negative around the world, meaning firms are at risk of going…
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