Leading Bitcoin higher, global stock markets saw an extremely strong performance on Monday. As covered by NewsBTC, the Shanghai Composite index and the FTSE China A50 index both set new all-time highs on a 6% surge. The S&P 500 followed suit with its own gain, rallying 1.5% from last week’s close to Monday’s close. Bitcoin…
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One particular “practically worthless” crypto asset is going viral on TikTok. Users are attempting to pump the price of the altcoin to $1 or more, through the power of the social media app. The altcoin’s hashtag has already amassed nearly 3 million views and counting, aiming to reach the platform’s over 800 million users. The…
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After the block reward halving, many analysts in the Bitcoin space expected a “death spiral.” The term is one created by a professor who, in 2018 speculated that BTC could fall to $0 due to a collapse in miners. A “death spiral,” per the journalist, takes place when Bitcoin miners leave the network, resulting in…
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Switching Bitcoin price charts from one type to another gives a clear as day look at what appears to be a full-blown breakout into a bull market. Better yet, the price action also shows a retest of downtrend resistance turned support, which could act as a launchpad for the cryptocurrency. Understanding Technical Analysis, Trend Lines,…
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Bitcoin futures have seen a rising premium over spot BTC in recent months, which seems to indicate that traders are bullish on the benchmark cryptocurrency. This premium is particularly clear while looking towards the CME – which seems to indicate that professional traders and institutions are particularly bullish on BTC at the present moment. This…
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Although Bitcoin still can’t break above $10,000, nor can Ethereum overtake $250, Chainlink continues to set new record high after high. Even today, the crypto asset keeps raising the stakes on its all-time high. But as new highs are set, the price action has not only triggered but perfected a sell setup on monthly timeframes.…
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It’s no secret that XRP has been one of the worst-performing major altcoins within the crypto market. It has faced intense losses in recent months and years, with its investor base being unable to catalyze any significant rebound. This has caused it to lag behind all its peers, significantly underperforming both Bitcoin and nearly all…
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Chainlink blockchain’s native asset LINK hit an all-time high Tuesday. The crypto topped at $5.76 on Binance exchange, up by about 4,164 percent from its first day of trading. Its gains appeared as a part of a market-wide upside move but received unique bullish cues from its mention in China’s Blockchain Service Network project. LINK…
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Bitcoin has remained caught firmly within the throes of its long-held consolidation phase in the lower-$9,000 region. It is now expressing some signs of weakness due to its inability to surmount the slight resistance that sits around $9,300, but it remains unclear as to whether or not sellers are strong enough to catalyze a downtrend…
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Following this year’s block rewards reduction event in mid-May, the flagship cryptocurrency entered a consolidation period without providing any clear signs of where it is headed next. Since then, its price has mostly traded between the $8,900 support level and the $10,000 resistance. Throughout this time, Bitcoin has failed to close below or above these…
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