BTC’s sideways price action has pushed some traders into altcoins, but analysts are confident that the next breakout will push Bitcoin price above $80,000. Bitcoin (BTC) bulls are still hoping for a major breakout but at the moment, bears are applying pressure and keeping the digital asset pinned below $61,000. Data from Cointelegraph Markets Pro…
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BTC, ETH and altcoins saw a slight pullback a day after the Federal Reserve signaled that its monetary policy is subject to cool off soon. The bullish optimism seen earlier in the week was dialed back on Nov. 4 after recent comments from United States Federal Reserve Chairman Jerome Powell confirmed that the central bank…
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Analysts say multiple factors point toward ETH rallying to $5,000 and BTC is not expected to encounter significant resistance until $85,000. The cryptocurrency market is in high spirits on Oct. 29 after bulls managed to lift the price of Bitcoin (BTC) back near the $63,000 support zone and Ether (ETH) has established a new all-time…
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The number of “hodled” and presumably lost Bitcoin tokens continues to surge in sync with the BTC price. A yearlong price rally in the Bitcoin (BTC) market and hopes for more upside moves in the future has prompted traders to hold the token instead of trading it for other assets, Glassnode data shows. The blockchain…
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On Thursday, the crypto asset aggregation portal Coingecko published the firm’s 2021 third-quarter report which shows a number of different findings. According to the study, for the most part, the crypto economy recovered from the market downturn in May as the top 30 market caps grew by 31% in Q3. The report shows that altcoins…
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Rumors of an imminent Bitcoin ETF approval are boosting sentiment and prices across the market, but caution is warranted, as it could turn into a buy-the-rumor, sell-the-news event. On Oct. 14, bulls flexed their muscles and showed their intent to push the price of Bitcoin (BTC) closer to its $65,900 all-time high. One reason for…
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Tesla’s Bitcoin stash is now worth $1 billion more than when Elon Musk approved the purchase in February. Tesla’s bold foray into the Bitcoin (BTC) market has been paying off in 2021 as BTC’s price has been rallying in October to hit over $58,000 on Oct. 14. Tesla currently holds roughly 43,200 BTC, worth roughly $2.5…
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The price of bitcoin continues to climb higher as the crypto asset has captured over 19% in gains during the last seven days. Bitcoin tapped a daily high on Monday reaching $57,678 per unit, jumping 4.4% in the last 24 hours. Bitcoin Outperforms the Pack as Speculators Assume ETF Approval Is Coming It seems crypto…
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BTC price broke out of its multi-month long range, securing a daily close above $50,000 and prompting traders to extend their short-term target to $56,000. The early morning momentum that pushed Bitcoin (BTC) above $50,000 on Oct. 5 continued throughout the day after bulls took control of the market and bid the price of BTC…
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Analysts identify the key levels BTC needs to hold in order to see continuation above $50,000. Bulls flexed their muscles on Oct. 4 and proof of this came as Bitcoin’s (BTC) price rallied within $500 of the $50,000 mark. This move toward the key psychological resistance helped to pull the Crypto Fear & Greed Index…
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