Category: Market Update

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Bitcoin Price Suddenly Drops Below $7K, Crypto Market Under $200B

The price of Bitcoin dropped below $7K for the first time in four days as traders brace for a volatile weekend ahead. Bitcoin (BTC) price dropped nearly $200 in minutes on April 10 to slide below $7,000 for the first time in four days. Data from Coin360 and Cointelegraph Markets showed BTC/USD now dropping below…
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Bitcoin Price Breaks $7K But Must Defend it to Avoid $5.2K — Analyst

A fresh breakout by Bitcoin Monday may yet prove temporary as a Cointelegraph Market analyst warns of major downside potential. Bitcoin (BTC) finally retook $7,000 on April 6 after days of posturing culminated in a sudden surge as the new week began. Cryptocurrency market daily overview. Source: Coin360 BTC price exits $6K… again Data from…
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Bitcoin Stays Below $7K as Tone Vays Predicts Price Breakout in April

Lackluster price growth has not impacted overall bullish short-term potential, says Vays, who is eyeing gains this month. Bitcoin (BTC) began the day down 2% on April 4, but one trader remained confident in a bullish scenario unfolding next week. Cryptocurrency market daily overview. Source: Coin360 Vays: I’ll buy BTC at $6,400 Data from Coin360…
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Bitcoin Reaches $6.8K, 7-Day High as US Unemployment Hits 6.6 Million

9% daily gains are encouraging, but the mood among traders remains one of caution, with one analyst arguing that Bitcoin is not “ticking enough boxes.” Bitcoin (BTC) hit its highest level in a week on April 2 as fresh upside followed more misery for the world economy thanks to coronavirus. Cryptocurrency market daily overview. Source:…
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Bitcoin Price Fills $6.6K CME Gap as Technical Metrics Flip Bullish

A brief spurt to $6,600 takes care of the latest Bitcoin futures gap, while a Cointelegraph analyst calls for caution below $6,900 for BTC price. Bitcoin (BTC) delivered few surprises on April 1 as steadier trading conditions prevailed for a third day and volume remained low. Cryptocurrency market daily overview. Source: Coin360 BTC price shoots…
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Bitcoin Price Reclaims $6K as Traders Eye New BTC Futures Gap Above

Selling pressure took BTC/USD below $5,900 as the weekend closed, but strength subsequently reappeared and markets bounced higher. Bitcoin (BTC) swiftly retook $6,000 after losing support on March 30, as analysts eyed a potential for the price to fill a new gap in futures markets. Cryptocurrency market daily overview. Source: Coin360 BTC price gains 3%…
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Bitcoin Price Falls Below $6,000 on Declining Trading Volume

Bitcoin price dropped below $6,000 after traders failed to hold the $6,200 support. For the second time in one week Bitcoin (BTC) price has fallen below $6,000. Today’s pullback below the $6,000 mark comes as the weekly and monthly close approach and its possible that the price could also be influenced by investors fear that…
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Bitcoin Price Drops to $6.1K Shortly After Equities Markets Close Red

Bitcoin ended its lengthy consolidation in the $6.4K-$6.8K range with a swift drop to $6,068, with the weekly and monthly close approaching traders will be keeping a close eye on the price. After trading in the $6,450 to $6,850 range for the past eight days, Bitcoin (BTC) price finally made a larger move, this time…
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Bitcoin Price Holding $6.5K as Media Calls New ‘Bull Market’ in Stocks

A solid rejection of $7,000 earlier this week keeps Bitcoin within the upper $6,000 range but there is a lot to reclaim, say analysts. Bitcoin (BTC) continued to trade near $7,000 on March 27 after traditional markets showed bullish signs and the Dow Jones had its best day in 87 years. Cryptocurrency market daily overview.…
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Bitcoin Price Inches Higher to $6.7K on $2 Trillion Stimulus Agreement

Bitcoin price pushed higher toward $7,000 as U.S. lawmakers agreed on a $2 trillion stimulus package aimed at fixing the damage caused by the Coronavirus pandemic. Bitcoin (BTC) price is continuing to move higher on March 25 alongside U.S. equities markets, which yesterday saw a historic 11%+ rise on news of a potential multi-trillion-dollar economic…
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