Category: Market Update

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Crypto Carnage: Bitcoin Price Slides to $6.6K, XRP Falls Below $0.20

A lack of support that began at the start of the week translated into more serious losses on Tuesday, with cryptocurrencies shedding significant value. Bitcoin (BTC) fell further below $7,000 on Dec. 17 after a loss of support the previous day caused bears to strengthen their grip on the market. Cryptocurrency market daily overview. Source:…
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Bitcoin Price Clips $7.1K Futures ‘Gap’ as Bearish Warnings Persist

The weekend’s choppy price action saw brief respite on Monday as Bitcoin continued its habit of “filling” a void left at Friday’s futures close. Bitcoin (BTC) rose above $7,100 on Dec. 16 to just hit a fresh “gap” in futures markets, continuing a trend that has captured analysts. Cryptocurrency market daily overview. Source: Coin360 Bitcoin…
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Bitcoin Price Drops Under $7K, But Longs Soar After $6.8K Bounce

Bitcoin price again drops below $7K bouncing off $6,800 support while the number of longs on Bitfinex has interestingly increased to the hope of the bulls. Bitcoin (BTC) price dropped below the $7,040 support, which kicked off a swift 3% decline to $6,800 on Dec. 16.  The sharp pullback is likely no surprise to traders…
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Bitcoin Price Must Hit $7.3K to Avoid Bearish Bollinger Band ‘Squeeze’

The inventor of Bollinger Bands warns his price instrument shows Bitcoin and other cryptocurrencies are facing an imminent return to volatile conditions. Bitcoin (BTC) briefly fell back below $7,200 on Dec. 14 as bearish sentiment continued to pervade cryptocurrency markets. Cryptocurrency market daily overview. Source: Coin360 Bollinger: Bitcoin preparing for next breakout Data from Coin360…
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Bitcoin Whale ‘Defends’ $7.2K Price With 800 BTC to Win $0.01 in DOGE

A bizarre wager between two major Bitcoin traders turns sour after it emerged one allegedly tried to prop up BTC/USD to guarantee a win. Bitcoin (BTC) price may have spiked throughout the global market on Dec. 12 due to the actions of a single bagholder — trying to win a $10,000 Dogecoin (DOGE) bet. In…
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Bitcoin Briefly Breaks Above $7,500 After SEC Approves BTC Fund

Crypto markets have continued to rebound after a sharp sell-off on Dec. 4, with Bitcoin briefly reclaiming $7,500. Friday, Dec. 6 — crypto markets have continued to rebound after a sharp sell-off on Dec. 4, with Bitcoin (BTC) briefly reclaiming $7,500. The bullish momentum is observed across all the top 20 cryptocurrencies by market capitalization,…
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Market Mostly Trades Sideways as Bitcoin Price Hovers Around $7,300

Bitcoin price hovers around the $7,300 mark as the cryptocurrency markets remain sluggish. Tuesday Dec. 3 — Most cryptocurrencies continue trading sideways, including Bitcoin (BTC) which has not been able to find higher trading levels in the past few days. Cryptocurrency market daily overview. Source: Coin360 Bitcoin started the day at $7,344, at which point…
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Bitcoin Price Retests $7.3K as Analyst Eyes New Bullish Futures ‘Gap’

A vacuum between futures’ weekly closing price and current BTC/USD levels could take Bitcoin as much as $600 higher next week, an analyst suggests. Bitcoin (BTC) fell back towards support at the $7,250-$7,300 level on Dec. 1 after its latest sudden uptick began to fizzle overnight.  Cryptocurrency market daily overview. Source: Coin360 Futures gap incoming…
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Bitcoin Price Retains $7.5K After Bullish Breakout Upends Bear Market

Having traded as low as $6,500 in recent days, Bitcoin delivered a conspicuous blow to bears, retaining higher levels after climbing $700 in hours. Bitcoin (BTC) stayed around $7,500 on Nov. 27 after a surprise bullish reversal took markets $700 higher the previous day. Cryptocurrency market daily overview. Source: Coin360 Bitcoin clings to surprise gains…
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Crypto Markets Are Turning Green, Bitcoin Recovers Above $7,500

Cryptocurrency markets are trading in the green, with Bitcoin’s price recovering above the $7,500 price mark. Wednesday, Nov. 27 — Crypto markets continue to improve, with Bitcoin (BTC) showing signs of recovery as it finds its way back above the $7,500 price mark. Cryptocurrency market daily overview. Source: Coin360 Bitcoin started the day at $7,190, at…
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