This week brought a small reprisal for bitcoin price and the broader cryptocurrency market as it witnessed $20 billion added to its total market cap by late Tuesday. This was also reflected by an approximate 10% gain for BTC alone; so what was behind the rise? In somewhat atypical fashion, the week started on a […]
The post Experts Weigh In on This Week’s 10% Bitcoin Price Spike appeared first on CCN Markets
The bitcoin price has stabilized around $10,500 following a spectacular 13 percent rally. As BTC continues to hover around this critical level, here’s where crypto traders believe the dominant asset is headed next. Earlier this week, technical analyst …
Bitcoin (BTC) started this week off in good spirits, citing an impressive rise of around 8%. Interestingly, analysts are attributing some of this action to the close of the Chicago Mercantile Exchange (CME). On Labor Day, September 2, the CME closed up…
The bitcoin bulls have wrestled back control of the BTC price, with the leading cryptocurrency barreling for $11,000 once again. While the positive momentum emerged over the weekend, the optimism is no doubt also being fueled by today’s VanEck development. The New York-based investment management firm plans to launch a bitcoin fund, which is designed […]
The post VanEck’s Quasi Bitcoin ETF Not a Game Changer: Economist appeared first on CCN Markets
By CCN Markets: Bitcoin has been hawked as a safe haven asset for quite some time now, with bulls crediting the rising price of the cryptocurrency in 2019 to macroeconomic uncertainties and geopolitical tensions arising out of the US-China trade war. Recent price action suggests that bitcoin might finally be operating as a real-time macroeconomic […]
The post The Bitcoin Price Just Did Something It’s NEVER Done Before appeared first on CCN Markets
By CCN Markets: The Bitcoin Fear and Greed Index has crashed to its lowest level in almost a year. The index, which tracks sentiment among investors, hasn’t plumbed these lows since December 2018 when the king of crypto finally found yearly support just above $3,000. The current reading of 11 out of a possible 100 […]
The post Bitcoin ‘Fear Gauge’ Explodes to Most Alarming Level Since 2018 appeared first on CCN Markets
When the bitcoin price smashed through $11,000 overnight and set its sights firmly on the $12,000 mark, analysts almost uniformly pointed to China’s stunning decision to defy the Trump administration and devalue the yuan as the catalyst. However, cryptocurrency bulls who proclaimed that bitcoin had demonstrably proven its worth as a safe-haven asset might have […]
The post Bitcoin Price Resurgence Is a ‘Self-Fulfilling Prophecy’: Analyst appeared first on CCN Markets
The bitcoin price regrouped from its vicious weekend sell-off to recover past the $10,000 mark on Wednesday. Bitcoin Price Recovers to Crucial Psychological Level The dominant cryptocurrency had been in an uptrend for most of the day, and at approximat…
The bitcoin price has dropped by more than $600 within three minutes from $10,069 to $9,440 on July 27 in an abrupt pullback. Against the U.S. dollar, at its lowest point on the day, the bitcoin price slipped by well over 7.5 percent to $9,333. Factors…
On June 18, within minutes, the bitcoin price climbed from $9,300 to over $10,500 across major crypto exchanges, triggering the entire market to recover swiftly. Analysts have generally attributed the abrupt surge in the bitcoin price to the occurrence…
The Bitcoin price collapsed below $10,000 on Sunday night in yet another stormy weekend session for the world’s largest cryptocurrency. Bitcoin briefly hit $9909 on Coinbase, marking an 13 percent drop in 24 hours. The fall cements a strong 28 percent …
By CCN Markets: The bitcoin price climbed as high as $8,450 on Friday morning, lifting the flagship cryptocurrency to its highest mark since June 3. The trigger for that rally? Binance. The fallout? A punishing “altcoin winter” that could slaughter alt…
By CCN: China may have cracked down on cryptocurrency companies, but that’s not stopping the local population from pursuing bitcoin as an investment. Economist and trader Alex Kruger did the research and found that there may be some truth to the …
By CCN: According to Alex Krüger, an economist and a global markets analyst, the breakeven cost for efficient bitcoin mining operations currently hovers at around $3,550. The bitcoin mining operational breakeven for efficient mining operations currentl…
Be careful what you wish for. The crypto community continues to beg big investors to get on board with bitcoin, but there could be some unintended – and alarming – side effects. Most notably, bitcoin could be destined to hitch its wagon to …
By CCN.com: After a long and bitter winter, the crypto thaw has arrived and bears have lost their grip on the market. One economist says the bears were sent packing into hibernation as many as three months ago from a technical standpoint, though you wo…
In the last three days, the crypto market added $33 billion to its valuation and the Bitcoin price surged by 18 percent against the U.S. dollar. But, one trader said that a bull run cannot be expected just yet. Alex Krüger, an economist, a trader, and …
On October 3, the price of Tether fell by more than 1 percent, creating a premium on crypto exchanges for traders purchasing major digital assets like Bitcoin with the stablecoin. In an exclusive interview with CCN, respected cryptocurrency trader and …