Bitcoin’s intense uptrend throughout the past week led its price to highs of $11,400 before it lost some momentum and declined slightly. This latest uptrend has made it so that BTC is less than 45% below its all-time highs. It now appears that the benchmark cryptocurrency is poised to see some further upside, as its…
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Bitcoin is pushing higher after correcting as low as $10,600 on Tuesday. As of the time of this article’s writing, the asset trades for $11,200 — a price point nearly 20% higher than that seen seven days ago and one 3% higher in the past 24 hours. Analysts believe that this small rally is a…
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Ahead of the United States’ second round of economic stimulus, gold and Bitcoin exploded as the dollar fell. According to financial analysts, after setting a new record the gold rally may be peaking, leaving room for the cryptocurrency market to catch up to precious metals. Here are five important factors why Bitcoin will outperform gold…
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Demand for the Bitcoin network is beginning to take off, with the crypto’s ongoing price rise being the likely suspect behind this sudden uptick. This has resulted in the cryptocurrency seeing a massive spike in its transaction fees, which have nearly reached the yearly highs that were set just after the mining rewards halving event…
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Bitcoin has now entered a consolidation phase as it hovers above the $11,000 level. Buyers’ ability to establish this price level as support appears to be an overtly bullish sign for the benchmark digital asset. Over the past two days, BTC’s mid-term outlook has been growing increasingly bright. Yesterday, bears sent the crypto down to…
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Bitcoin price this week broke up from consolidation and surged over 15% to $11,400 at the high. On one specific timeframe, the recent push through resistance has triggered a signal that the uptrend may be exhausted and therefore coming to an end. However, in the past, the cryptocurrency kept on climbing by as much as…
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As the decentralized finance sector explodes in value, a recent Messari report indicates that the so-called DeFi boom is likely to continue. Researcher Ryan Watkins wrote that a capital shift from “useless” cryptocurrency projects might help the DeFi tokens boom. Most of these dead projects are listed among the top-30 cryptocurrencies, stated Mr. Watkins. Some…
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After five years of development, Cardano will launch the Shelley mainnet today at 21:45 UTC. The weekend saw a frenzy of activity from developers, IOHK, who were busy performing last-minute checks and tests to ensure a smooth transition from the Byron chain. “The current Cardano Byron mainnet will become the Cardano Shelley mainnet on Wednesday…
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Bitcoin risks plunging back towards $6,000 purely based on a historical technical setup. The analogy appears after switching a BTC/USD chart from normal to a more precise logarithmic scale. It shows that the cryptocurrency has not precisely broken above its long-term descending trendline resistance. There is an extreme possibility that Bitcoin plunges towards $6,000 in…
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Bitcoin cash price rallied over 8% and it broke the $250 and $260 resistance levels against the US Dollar. BCH is likely to continue higher above the $300 barrier. Bitcoin cash price is gaining momentum above the $260 pivot level against the US Dollar. The price traded close to the $300 level and it is…
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