Bitcoin is slowly gaining momentum and it broke the $7,000 resistance against the US Dollar. BTC is showing positive signs and it is likely to surge towards $7,500 and $8,200. Bitcoin is up more than 5% from the $6,500 swing low formed this past week. The bulls are gaining momentum above $7,500 and the 100…
DetailsIn the wake of the crash to $3,700, investors thought Bitcoin was on a certain path to fresh macro lows under $3,100. But, this has quickly changed as the cryptocurrency has embarked on a stunning recovery, reaching $7,500 last week on the back of hype regarding the May 2020 block reward halving. Unfortunately, the 100%…
DetailsAnother week, another round of Crypto Tidbits. After falling as low as $6,500 this week, Bitcoin mounted a strong comeback over the past two days, rallying as high as $7,200 as bulls have taken over. Other cryptocurrencies have registered even more impressive gains. This renewed strength comes as the stock market has continued to rally higher…
DetailsNewsBTC articles are now available for reading and discussion on Commun, a newly-launched blockchain-based social network. Those joining the NewsBTC community among three others are granted the starting amount of the community’s internal token on registering on the platform. Commun, a Reddit-like network which launched its mainnet at the end of 2019, serves as a…
DetailsSince 2017’s blow-off top at $20,000, investors have been wondering when Bitcoin would be thrust into its next bout of parabolic growth. After all, crypto investors are used to rounds of rapid growth, then brutal drawdowns. Related Reading: Crypto Tidbits: Bitcoin Loses $7k, Blockchain Layoffs, Ethereum DeFi Explodes But, a key indicator is showing that…
DetailsAfter falling as low as $6,500 this week seemingly due to stock market weakness, Bitcoin has mounted a strong comeback over the past 24 hours, rallying as high as $7,200 as bulls have taken over. Other cryptocurrencies have registered even more impressive gains. $8,000, some analysts say, is next for Bitcoin as the technicals suggest…
DetailsWith Ripple’s XRP actually holding the title of one of the worst-performing crypto-assets of the year thus far, it may be hard to be bullish on it. Despite it being the third-largest cryptocurrency, the recent volatility hasn’t been kind to XRP’s price action, with it underperforming Bitcoin Cash, Litecoin, Monero, Stellar, and many others in…
DetailsDespite the bearish macroeconomic view, Bitcoin has performed extremely well over the past few weeks, rallying from the $3,700 lows to a high of $7,500 just last week. Even after a slight correction, the cryptocurrency remains around 90% higher than it did during the “Black Thursday” crash. But, some analysts are starting to worry that…
DetailsGold, the original store of wealth and safe-haven asset, recently set a new seven-year high as the recession ramps up. But as the high was tapped, profit-taking began and a pullback ensued. However, one long-term trend finding indicator has flipped green on monthly timeframes, potentially carrying gold to a new all-time high and a decade…
DetailsXRP has continuously struggled for the last two years, unable to break free from downtrend resistance and recover any lost gains from the asset’s previous peak. But the altcoin commonly called Ripple has recently reclaimed the downtrend line from all-time high, after a false breakout and subsequent collapse. now that the important level has been…
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