Hits

Ethereum (ETH) Hits Final Bearish Target, What’s Next?

Ethereum is down more than 8% and it tested the final $155 bearish target against the US Dollar. Bitcoin price is also down around 6% and it traded close to the $7,400 bearish target (as discussed yesterday). There is a short term contracting triangle forming with resistance near $165 on the hourly chart of ETH/USD […]

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BitMEX Daily Volume Hits 2019 Low, ‘Market Officially Lifeless’

BitMEX, the most active futures market, is slowing down as it grinds towards the end of the year. The BTC volume on the exchange has now dropped to the lowest levels in 2019. BitMex Slows Activity to Levels of November 2018 The current BTC volumes resembles the situation of November 2018, when BTC stagnated and […]

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Bitcoin Price Hits $11.6K on Argentinian Crypto Exchange

Argentina’s government is imposing stricter measures to prevent access to foreign exchange reserves. As a result, Bitcoin price on one of the country’s local exchanges is currently trading at a 25 percent premium. Trading Jobs Cut Boosts Bitcoin Price Shifting politics, economic uncertainty, and stricter forex controls have led Argentine banks to eliminate trading desk […]

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Bitcoin Price Hits Five-Week High Above $10,000

Bitcoin’s price jumped above $10,000 in the Asian trading hours, but the breakout into five digits was short-lived.

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Bitcoin Price Hits $12,000 on Kraken Following Order Matching Glitch

Crypto trading service Kraken has revealed the reason for the abnormal Bitcoin price on its platform was due to an order matching bug. Abnormal Bitcoin Price Spread on Kraken On Saturday (September 13, 2019), the XBT/USD trading pair on Kraken experienced a $2,000 takeaway in both directions. 1/3 Yesterday a test of an unreleased advanced […]

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Bitcoin Open Interest Peaks as BTC Dominance Hits Another High

While Bitcoin price action is decidedly sideways, other metrics are posting positive signals. The week is ending with BTC above five figures which is still bullish, and dominance has just tapped another new high. Bitcoin OI Hits a High By definition, open interest is a measure total number of outstanding derivative contracts, such as futures […]

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Strongest-Ever Bitcoin Price Streak Hits Record 81 Days Above $9,000

The bitcoin price has held above $9,000 for a record 81 days, a feat it couldn’t manage even during the monster bull run of 2017. Although BTC remains around 50% below its all-time high, the price is arguably stronger and more resilient than ever as it consolidates around $10,000. As bitcoin trader, known as Mr […]

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Bitcoin Price Hits $9,800 as Major Cryptocurrencies Trade Sideways

Bitcoin’s price is nearing $9,800 after a relatively stable day as other major coins trade sideways. Sunday, Sept. 30 — Markets are trading sideways today, with gains and losses among the top five cryptocurrencies not exceeding 4%. Market visualization. Source: Coin360 The Bitcoin (BTC) price has spiked slightly after trading close to $9,600 for most […]

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Altcoin Season on the Horizon? Bitcoin Dominance Hits Historical Reversal Point

Despite the drawdown in the price of Bitcoin — which some analysts say would result in a change of tides for altcoins — BTC dominance continues to tick higher. As of the time of writing this, the key market metric is approaching 70% for the first time in years, implying that once again, almost all […]

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Bitcoin Need Accentuated as Negative-Yielding Debt Hits $17 Trillion

If you told economists twenty years ago about Bitcoin (BTC) and negative-yielding debt, they would be shocked. In the 1990s or even the 2000s, decentralized digital money and a bond that made your money disappear with time would have seemed abstract — quite abstract.  Now, however, these two financial trends, which came to fruition mostly over the […]

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Bitcoin Hashrate Hits Record 83.5 TH/s While Price Trades Sideways

Bitcoin’s blockchain produced new historic records this week as the cryptocurrency’s technical health increasingly contradicts its lower price.  Bitcoin Hashrate Hits 83 Quintillion As data from monitoring resource and wallet provider Blockchain.com confirms, it was Bitcoin’s 00 hashrate leading the charge, hitting 83.5 quintillion hashes per second on August 29. That number is BTC’s best […]

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Gold Price Hits New Six Year High, But Fake Bars May Benefit Bitcoin

With political and economic tensions escalating, investments in safe haven assets such as gold are on the rise. The commodity has often been compared to Bitcoin, but a recent outbreak of fake bars clearly illustrates the glaring differences in the two asset classes. Gold Prices Hit 2019 High The sentiment driving gold prices this year […]

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Venezuela Bitcoin Trading Hits New Highs Amid US Embargo

U.S. President Donald Trump has just imposed a total economic embargo against Venezuela. As a result, Bitcoin price is currently trading at almost a $1000 premium in VES on P2P trading platform, Localbitcoins, and trading volumes have skyrocketed to record-breaking highs. In Venezuela, Bitcoin Trading Activity Reaches All-Time Highs President Trump is sharply increasing economic […]

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Bitcoin Price Hits $11.5K Target: BTC Up 8%, Dips Well Supported

Bitcoin price rallied more than 8% and climbed towards $11,500 against the US Dollar. The price traded as high as $11,646 and it is currently correcting gains. There is a key bullish trend line forming with support near $10,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is trading […]

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Bitcoin Price Consolidates as Hash Rate Hits ATH

Bitcoin price spent the weekend consolidating as the action has all gone sideways for the time being. There was another dip down below $11,000 yesterday but BTC recovered back as it heads towards resistance once again. Bitcoin Price Trading Sideways An intraday high of $11,730 was touched a few hours ago but BTC could not […]

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Bitcoin Price Hits $76,000 on Zimbabwe LocalBitcoins

Bitcoin is trading at an eye-watering 600% premium in Zimbabwe, as the country’s oppressive monetary policy drives local investors towards the decentralized ‘safe haven’ cryptocurrency.   BTC Price Hits $76,000 On LocalBitcoins As various media outlets reported in recent days, a full ban on foreign currency in Zimbabwe has triggered a giant premium for Bitcoin, which […]

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BitMEX Hits $1 Trillion Annual Trading as Bitcoin Futures Explodes

BitMEX, a bitcoin derivatives exchange, has surpassed $1 trillion in annual trading volume, according to a tweet by founder Arthur Hayes. It comes as bitcoin futures trading volumes explode to record highs on the Chicago Mercantile Exchange (CME) platform. Demand for bitcoin derivatives, which allow users to open up long and short positions on bitcoin’s […]

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Bitcoin [BTC] Recovery Hits Pause Above $12,000: Bullish Flag Pattern Break Impends

Investors interest was at its peak with Bitcoin forming a new yearly high at $13,878. Bitcoin is poised for an upward move in the coming sessions on Friday. Bitcoin’s break above $10,000 is said to have been fueled by the groundbreaking announcement of Facebook’s cryptocurrency Libra. Many including the CEO of Galaxy Digital Holdings Mike […]

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Bitcoin Lightning Network Hits $11M Capacity; Updates

Bitcoin’s scaling solution, the Lightning Network, is currently sitting at a capacity of around $11M. More interestingly, though, there are major updates underway already. Eltoo Coming to Lightning Network A user going by the name of u/almkglor has taken to Reddit to discuss some of the upcoming updates on Bitcoin’s scaling solution, the Lightning Network. […]

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Surprising Google Data Hits at Tantalizing Bitcoin Moonshot

By CCN Markets: Since early 2019, search engine interest for the keyword “bitcoin” has nearly doubled, according to data from Google Trends. However, with consumer interest still down nearly 90 percent from its all-time high, there’s a strong possibility the crypto boom has more room to run. Google: Bitcoin Searches Still Down 88% from 2017 […]

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Bitcoin Hits $9,800: These Indicators Suggest Crypto May Surge Even Faster

Just weeks ago, certain analysts were calling that Bitcoin (BTC) was topping. These crypto investors used terms like “strong correction” and “bearish retracement” to describe Awhat they expected to come to fruition. While they were partially right, in that BTC fell to $7,450 from $9,100 in a week’s time, what followed was shocking, catching traders […]

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Bitcoin Hits Resistance But Long Term Technical Indicator Flips Green

Total crypto market capitalization is back at its 2019 high as Bitcoin maintains gains and grinds slowly higher. There is a lot of resistance approaching, however, and analysts are starting to wonder when the next altseason will start to kick in. Bitcoin Grinds Higher BTC has been slowly grinding higher over the past 24 hours, […]

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If Bitcoin Hits This Key Level, It’s Going to Make a Run for $40K: Tom Lee

By CCN Markets: The bitcoin price might have slipped below $8,000 for now, but it could be headed much higher in the near future. Fundstrat Global Advisors Co-Founder Thomas Lee is willing to put it on the line for bitcoin once again, making an aggressive short-term prediction on where the cryptocurrency could be trading if […]

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