Bitcoin is likely going to tackle $34,500 today or tomorrow, Michaël van de Poppe says, opening up the road to $36,000 or more. Bitcoin (BTC) touched $34,000 on July 24 after the latest resistance flip held to propel the market higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin battles $34,000 Data from Cointelegraph Markets […]
The second-largest cryptocurrency sells off in line with Bitcoin as traders assess the latest U.S. inflation data. Ether (ETH) perhaps had the most bullish outlook entering the July session, with a key technical update dubbed EIP-1559, promising to make its native token ETH scarcer through the network’s first-ever burning mechanism. But so far into the […]
Another slight decline sees Bitcoin at a crossroads as sellers erode a major exchange buy wall. Bitcoin (BTC) broke through $38,000 support on June 18 but a reversal at solid support already has traders seeking fresh upside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin buy wall sees big test Data from Cointelegraph Markets Pro […]
A stunning BTC price surge accompanies concerns over the United States Federal Reserve’s “institutional credibility.” Bitcoin (BTC) passed $40,000 on June 14 as a consolidation period snapped to unleash a solid breakout. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price breaks out past $40,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 3% […]
With inflation in the U.S. hitting its highest mark since the 2008 financial crisis, Bitcoin is serving as a critical lifeline. The consumer price index (CPI), a measure of the price of consumer goods and services, increased by an annual rate of 5% last month, hitting its highest mark since August 2008, according to the […]
Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link. Top Stories This Week Bill to make Bitcoin legal tender passes in El Salvador […]
Wild price fluctuations are likely in the top two cryptocurrencies as both record a dramatic spike in their 30-day realized volatility charts. The current cryptocurrency market scenario is only for traders who have an extremely high appetite for risks. But for the faint of heart, analysts advise patience and caution ahead. The outlook stands tall […]
The price of Bitcoin dips below $40k, triggering bearish sentiment. BTC is now down 40% from its highs, making this in line with the worst drops of 2017. Currently, Bitcoin is holding the 200-day moving average, having wicked below it briefly during the early hours. Source: BTCUSD on TradingView.com William Clemente III noted that Bitcoin […]
Yesterday’s Twitter feud between business tycoon Elon Musk and the crypto community had far-reaching consequences that went beyond the constant verbal sparring on the popular social media site. For the crypto market, it was a disaster. Liquidation Galore In The Crypto Market According to data from ByBit, a total of $2.4 billion worth of longs […]
The start of a new Bitcoin difficulty adjustment window brought a major increase and a new Taproot signaling period with 63% green blocks. Bitcoin mining difficulty hit an all-time high after increasing by 21.5% today, according to data from Glassnode. It was the largest single-day percentage increase in a difficulty adjustment in almost seven years. […]
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Vitalik Buterin’s crypto holdings have doubled since January 2021 to surge above $1 billion. Vitalik Buterin, a co-founder of the world’s most popular smart contract platform, the Ethereum blockchain, has officially become a crypto billionaire. Buterin’s public Ether address, which he described as his main wallet back in 2018, has hit $1 billion on its […]
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Bitcoin’s long-to-short ratio has dropped to a five-month low, but bears are not taking the bait, suggesting bulls are still in control of BTC price. Margin trading allows an investor to borrow money or cryptocurrency to leverage their trading position and increase its size or the expected return. For example, borrowing Tether (USDT) will allow […]
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Bitcoin may be en route to retest underlying support levels but the record $22.5 billion open interest on BTC futures shows bulls expect the uptrend to continue. Bitcoin (BTC) price has rallied 22.5% in March, but as the price moved up, some buyers began to use excessive leverage, according to derivatives data. Meanwhile, futures open […]
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Bitcoin price finally pushed through a tough resistance cluster to secure a new all-time high at $60,000. Bitcoin (BTC) hit $60,000 for the first time on March 13 as the long-awaited continuation of the BTC price bull run got underway. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC records another landmark price level Data from […]
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Bitcoin reaches $51,000 as the U.S. Senate greenlights $1,400 “stimmy” checks for Americans. The price of Bitcoin (BTC) reached over $51,000 on March 7 after the U.S. Senate passed the anticipated $1.9 trillion stimulus bill, which is roughly two times larger than the market capitalization of BTC. United States’ President Joe Biden said that the […]
In January 2021, Bloomberg Analyst Mike McGlone predicted that the price of bitcoin would hit $50,000 at some point this year. At the time, the value of the leading crypto asset was merely hovering above $30,000, and the $50,000 mark felt a very long way off. Less than a full month later and the cryptocurrency […]
The weekly mining revenue of global bitcoin miners hit a new all-time-high of $354.4 million last week. Analysts say the new record is partly due to the surge in the price of the digital currency coupled with the skyrocketing network fees, according to reports on February 15, 2021. Weekly Bitcoin Mining Revenue Surpasses 2017 Highs […]