Bitcoin price has grown over 40% since the asset’s halving this past May. The market braced for the miner “death spiral” caused by the sudden doubling of the cost of producing each BTC, but it never arrived. Now data is showing that rising Bitcoin fees might have been responsible, at least in part, for avoiding…
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On Monday, Bitcoin underwent a notable breakout. The asset surged from the $11,800 baseline it was trading at to a daily high just shy of $12,500 in the span of hours. The move brought BTC above the pivotal $12,000 region, which acted as resistance at the highs of three separate rallies over the past two…
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While the focus of crypto investors has been on Bitcoin and Ethereum over recent days, Litecoin’s recent price performance has come into the public spotlight. From last week’s lows of approximately $55, the asset has surged just over 20% to $67 as of this article’s writing. The embattled Bitcoin fork has suffered from a multi-year…
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Ripple is up over 5% and it revisited the $0.3250 resistance zone against the US Dollar. XRP price is correcting gains, but it is likely to surge further above $0.3300. Ripple gained bullish momentum and climbed above the $0.3200 resistance against the US dollar. The price traded to a new weekly high near the $0.3280…
DetailsLeading cryptocurrency Bitcoin is cementing its position as a mainstream macro asset. As cryptocurrency was advertised on TV screens nationwide last week, and in the pages of the Financial Times, the bitcoin adoption rush has intensified. Day trading social media mogul Dave Portnoy is dabbling in cryptocurrency, and MicroStrategy, a listed company with over $1…
DetailsSimon Peters, market analyst: Bitcoin teases us at $12,000 Suffice it to say, it was a busy week, with mixed performance in equity markets and odd – but not unpromising – movements for bitcoin. The FTSE All-Share index and the STOXX600 both recorded steady rises, while the S&P500, which started the week at 3,352, took…
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Litecoin started a steady increase above the $50.00 and $60.00 resistance levels against the US Dollar. The price traded as high as $68.92 and it is currently correcting gains. There is a crucial bullish trend line forming with support near $65.20 on the 4-hours chart of the LTC/USD pair (data feed from Kraken). A clear…
DetailsMany Bitcoin skeptics have been turned into bulls as the asset continues to press higher despite a harrowing macroeconomic backdrop and other risks. There remain many critics of the leading cryptocurrency, though. One of these critics, hedge fund manager Mark Dow, doubled down on his skepticism in a recent tweet published after the rally past…
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Bitcoin price gained nearly 5% and it tested the $12,500 resistance against the US Dollar. BTC is currently correcting gains, but technicals suggest more upsides above $12,500. Bitcoin broke the main $12,000 resistance area to start a strong upward move. The price traded close to the $12,500 resistance and it is currently correcting gains. There…
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Bitcoin price has just today set a new high for 2020 and is showing no signs of slowing down. However, as greed reaches extreme levels and ROI is stacking across the board, could the cryptocurrency see a surprise correction? According to a chart that first debuted around Black Thursday, this latest high will result in…
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