Many armchair traders are so focused on the short-term price movement of bitcoin that they forget to look at the big picture. For instance, the widely-followed analyst cryptoamd is expecting the dominant cryptocurrency to dump below $10,000 and then be…
On September 6, more than $1 billion worth of bitcoin was sent from an unknown wallet. The transaction was processed within several hours with a $700 fee. The Token Analyst team traced some of the 94,500 bitcoin to the address of Huobi Global, a major …
Since September 2, within four days, the bitcoin price has recovered from $9,500 to $10,700, rising by well over 10 percent against the U.S. dollar. As bitcoin stabilizes above an important resistance level at $10,000, technical analysts anticipate the…
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
Over the last few weeks, bitcoin has been struggling to stay above $10,000. The bullish steam that pushed the dominant crypto to $13,880 is fading away. Armchair traders are quick to notice the coin’s growing weakness. A pseudonymous trader named Escob…
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 …
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…
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…
Are you holding cryptocurrencies other than bitcoin? If so, you might want to overhaul your portfolio. That’s because an expert in classical charting principles warns that buying altcoins is not a wise investment decision. Not now, not ever. Altcoins Are ‘Lead’ to Bitcoin’s ‘Gold’ Earlier this week, Peter Brandt took to Twitter to remind altcoin […]
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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…
Too many people focus on bitcoin’s wild highs and fluctuating daily price. A better metric to look at is the monthly low points. By tracking the lows, you see the steady accumulation of bitcoin. This is the foundation of the market and it’s getting str…
Dan Tepiero, the founder of DTAP Capital and co-founder of Gold Bullion International said that gold and bitcoin will replace bonds as vehicles of portfolio hedge in the long term. Following the noticeable increase in geopolitical risks caused by the trade dispute between the U.S. and China, a growing number of investors have flocked to […]
The post Goldbug Trumpets Bitcoin as Your Portfolio’s Long-Term Bond Killer appeared first on CCN Markets
Primarily targeting institutional investors, VanEck and SolidX are reportedly selling a “limited version” of a bitcoin exchange-traded fund (ETF) after every bitcoin ETF proposal has been rejected by the Securities and Exchange Commission (SEC) to date…
Bitcoin gained momentum to continue a recent winning streak as the Chinese Yuan dropped to its weakest level in more than a decade. The benchmark cryptoasset accelerated its early morning advance with a 1.14 percent gain, adding up to 12.44 percent since August 30 low of $9,337. The upside move also brought bitcoin’s market capitalization […]
The post Bitcoin Price Breaks $10,000, Supercharged by China’s Soaring Forex Appetite appeared first on CCN Markets
Silver and gold are finally drawing some attention from market participants thanks to a stellar performance from precious metals in August. After several years of sideways price action, commodity bulls may finally be ready to break out the champagne. A…
By CCN Markets: August was a brutal month for investors across the world. Global stock markets shed $3 trillion as a dirty cocktail of recession warnings and trade war escalation rocked the markets. To put that into perspective, $3 trillion is 17 times larger than the entire market capitalization of bitcoin, all wiped out in […]
The post Global Stock Markets’ Aghast August Dumped 17x Bitcoin’s Market Cap appeared first on CCN Markets
By CCN Markets: According to technical analysts and cryptocurrency traders, the bitcoin price is at a critical juncture following its indecisive weekly close and is waiting for confirmation for either a full short term trend breakdown or reversal for B…
By CCN Markets: On this day in 1999, TY inc. abruptly ended the sale of Beanie Babies. It marked the end of a wild toy craze that sent the value of some of these toys soaring and made collectors willing to pay thousands of dollars for a single bear. CNBC author and analyst Joshua Brown […]
The post CNBC Trader Shades Bitcoin With Sarcastic ‘Beanie Baby’ Slam appeared first on CCN Markets
By CCN Markets: Usage of Bitcoin’s Lightning Network underwent a sizeable decline in 2019. According to data from BitcoinVisuals, 23% of Lightning Network payment channels closed down in the past five months alone. Meanwhile, the amount of Bitcoin locked up on the network for use in making payments fell 22% in the same time period. […]
The post Bitcoin’s Lightning Network Is Shriveling Due to Terrible Incentives appeared first on CCN Markets
Bitcoin’s reported $172 billion market cap may be a point of pride for cryptocurrency enthusiasts everywhere, but how accurate is it as a measure of Bitcoin’s worth? Not much. In fact, new data from CoinMetrics suggests the true Bitcoin price amounts t…