crypto market – 91��ý

Latest Bitcoin Correction: A Bear Surge or Just Another Healthy Correction

T. Okonkwo — Fri, 27 Aug 2021 18:16:00 +0000

A week of euphoria for crypto traders and Bitcoin enthusiasts turned to one of mixed feelings after Bitcoin bulls attempt to go beyond $50k for the first time in over 3 months was met with rejection. With short-term technicals turning bearish, traders are left wondering if this is a healthy correction. Bitcoin lost over $3k ...

Bitcoin Aiming To Pierce Through To $50k Levels But Near-Term Correction Is Likely As Bearish Divergence Is Formed

T. Okonkwo — Fri, 13 Aug 2021 15:08:58 +0000

Bitcoin Bulls have been having a great go in the past few days as its latest upward trend sees Bitcoin taps a three months high this week. Amid regulation controversies from the US government on taxation, the Bulls are shining but bearish divergence is seen to have formed, and short-term correction looms. Having backtested the ...

Crypto Market Sees A $100 Billion Boost In Market Cap As Bitcoin Surges Past $40,000

T. Okonkwo — Fri, 06 Aug 2021 15:47:55 +0000

The start of the week did not go all well for the cryptocurrency powerhouse as Bitcoin dropped from $40k it attained the previous week. Having attained two months high of $42k, Bitcoin dropped to a week’s low of $37,271k on Thursday. With a BTC rally reclaiming the $40k mark, the Crypto market cap has grown ...

Bitcoin May Be Ready For A Show Of Robustness, But Which Direction Will It Break

T. Okonkwo — Fri, 09 Jul 2021 13:44:07 +0000

Having lost 6% of its value in the last 48 hours, Bitcoin is currently trading at around $32,900 region. The fall in value was as a result of decreasing amounts of trading volume. Over the past weeks, the Bulls have appeared weaker having put its buying power into support yet still failing to produce any ...

Bitcoin Market Analysts Divided Over Price Trajectory

T. Okonkwo — Fri, 04 Jun 2021 12:00:10 +0000

Yet another choppy week of price action in the crypto sphere. With Bitcoin down by about 4.7% this week, having tested a resistance at $40,760 last week. Analyst remain divided over short and intermediate term trajectory of the cryptocurrency giant. Bloomberg Analyst: Bitcoin more likely to hit $100K than $20K in 2021 Bloomberg senior commodity ...

A Red Week But Bitcoin Still Bullish

T. Okonkwo — Fri, 23 Apr 2021 16:20:07 +0000

A red week for Bitcoin and the cryptocurrency market. With only a few exceptions, almost every crypto experienced a decline this week. Bitcoin saw a stormy week in which the price dropped by a steep 20% to break beneath $50,000 and reach as low as $47,500 today. Peter Brandt: ‘Laser eyes’ to blame for ...

Bitcoin: Is $70k in Sight?

T. Okonkwo — Fri, 16 Apr 2021 19:38:03 +0000

A week that sees Bitcoin break above the stiff overhead resistance at $61,825.84, indicating the resumption of the uptrend. The sharp rally also completed the breakout from the inverse head and shoulders pattern that has a target objective at $69,540. Bitcoin traded at a record high of $64.5k this week. Will Bitcoin continue an upward ...

Bitcoin Consolidating Recent Gains

T. Okonkwo — Fri, 26 Mar 2021 14:15:16 +0000

Taking about 10% fall in price in the past seven days, the cryptocurrency giant Bitcoin has experienced a fall throughout the week after slipping beneath an ascending trend line around the previous ATH from February at around $58,300, back on Monday. On Saturday March 20th, Bitcoin was rejected trying to break through the $60k resistance ...

Bitcoin Price Analysis: Resistance Stumbling Block For New ATH?

T. Okonkwo — Fri, 19 Mar 2021 23:09:29 +0000

Having touched an all time high of $61k, Bitcoin experienced yet another week of volatility which sees the digital currency giant take a peel back and retracing to week low of around 53k. Most altcoins experienced similar trend however, some performed much better than others. Is Resistance the hurdle to setting a new ATH? ...

Bitcoin’s Next Station $100k?

T. Okonkwo — Fri, 12 Mar 2021 18:53:24 +0000

Along the US goverment’s economic stimulus package and large investors’ crypto buyings, the whole week witnessed a large rebound of Bitcoin from $49k to $57k after its recent correction since February 22. Will Bitcoin go above its all time high anytime soon? Exciting stimulus news makes impact? The crypto giant made gains on Sunday moving ...

Read moreBitcoin’s Next Station $100k?

“The Road To Glory Is Always Bumpy” – While Bitcoin Corrects, Long Term Sentiment Is Still Bullish

T. Okonkwo — Tue, 23 Feb 2021 22:00:07 +0000

The past two days showed a 15% dip to the cryptocurrency king, Bitcoin. This dip has brought about panic as investors fear that further downward trend of the cryptocurrency could lead to more investors liquidating. Bybt reports via their twitter account that there’s been a total of $4.4 billion liquidated in the past 24hours. https://twitter.com/bybt_com/status/1364118435907526656?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1364118435907526656%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fpublish.twitter.com%2F%3Fquery%3Dhttps3A2F2Ftwitter.com2Fbybt_com2Fstatus2F1364118435907526656widget%3DTweet ...

Crypto News Digest April 6-12

Lyubomir Kirilov — Mon, 13 Apr 2020 20:43:32 +0000

Apr. 6 Coinhouse became the first AMF registered crypto company. The Financial Markets Authority (AMF), France's financial regulator, will soon require all firms in France, which provide crypto exchange and custody services, to register with the regulator.

Crypto News Digest March 30 – April 5

Lyubomir Kirilov — Tue, 07 Apr 2020 15:03:18 +0000

Mar. 31 Crypto exchange Binance announced an expansion in the South Korean market with a new crypto-to-crypto exchange, which will be connected with the main platform via the Binance Cloud.

Will Bitcoin’s recovery continue? Investors should be cautious

Dr. Achim Klein — Mon, 06 Apr 2020 14:07:25 +0000

Investors should be cautious during Bitcoin's recovery. Here's why. We analyze the crypto market's recent recovery from a technical view, a sentiment view, and from the news situation. We focus on the big picture and address long-term investors.

Crypto News Week March 23-29

Lyubomir Kirilov — Thu, 02 Apr 2020 16:08:46 +0000

Mar. 23 Two draft bills by the U.S. Democratic party introduced to the House of Representatives suggested a "digital dollar" as means of doing direct transfers to "qualified individuals" as part of a coronavirus stimulus package. A later draft of one of the bills had the "digital dollar" language removed from it and it is expected that the other bill will follow suit soon.

Bitcoin in the Corona Crisis: Why investors should stay on the sidelines.

Dr. Achim Klein — Sun, 22 Mar 2020 14:24:08 +0000

In March 2020 the Corona Crisis pushed to the forefront of public attention in Europe, the US, and the rest of the world. Spurred by worries of an economic breakdown, international stock markets saw a drastic crash of about -40% so far. Usually, the correlation between the stock market and the crypto market is very ...