Tag: BTC price

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Bitcoin price drops to $23K in minutes despite huge new Grayscale buy-in

Grayscale adds 50% of miners’ monthly block reward tally in a single day but price action stays decidedly weak. Bitcoin (BTC) fell by almost $1,000 in under an hour on Dec. 23 as spot markets refused to buy fresh good news from institutional investors. Cryptocurrency market overview from Coin360. BTC price spooked near $24,000 sell…
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BTC price rises 5% after US Congress passes ‘$900 billion ad for Bitcoin’

Daily highs of $23,625 for Bitcoin price show fresh bullish appetite. Bitcoin (BTC) price hit highs above $23,500 on Dec. 22 as Monday’s weakness flipped to see bulls challenge previous levels. BTC price in 5.2% daily gains Data from Cointelegraph Markets, Coin360 and TradingView show BTC/USD returning to positions lost over the weekend, topping out…
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Bitcoin rebounds despite ‘COVID-20’ fears — But is the correction now over?

Fear returns to the markets after a new mutated strain of coronavirus has been reported in the United Kingdom. Bitcoin (BTC) price has been on a tear in recent months, leading to a new all-time high at $24,200. However, BTC saw a correction on Dec. 21 as the equity markets also opened in the red.…
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Bitcoin price drops to $22.4K after weekend all-time highs

BTC dips below an essential level to preserve upside chances with volatility reappearing in Monday trading. Bitcoin (BTC) lost $23,000 support on Dec. 21 as Monday trading saw a long-awaited correction begin to take shape. The move comes as U.S. futures also dropped in pre-market hours by roughly 2.5% on concerns over the new coronavirus…
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Stimulus checks meet BTC all-time highs: 5 things to watch in Bitcoin this week

A vote on $600 payments to Americans combines with bank buybacks as one analyst says that institutional buying could mean the Bitcoin bull run “never stops.” Bitcoin (BTC) surged to a new all-time high over the weekend, but what’s in store as a new week begins? With $24,000 still in play, Cointelegraph takes a look…
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Bitcoin hits 2-week high breaking last big resistance before $20K

Bitcoin hitting its highest level since the start of December reignites the quest to crack $20,000 resistance. Bitcoin (BTC) hit its highest levels in two weeks on Dec. 15 as fresh bullish action took the largest cryptocurrency to near $20,000. Cryptocurrency market overview from Coin360. BTC price highest since Dec. 1 Data from Cointelegraph Markets,…
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Bitcoin price suddenly regains bullish momentum with $20K in sight

The price of Bitcoin has broken through crucial resistance in weekend trading. Bitcoin (BTC) remains in the spotlight after MassMutual became the latest company to allocate $100 million of its portfolio into Bitcoin. This is adding to the impressive buy pressure at the moment, renewing hopes of Bitcoin breaking $20,000 in December.  While a correction…
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Bitcoin price risks losing ‘critical technical level’ as stocks under pressure

Bitcoin faces pullback risk as U.S. stocks begin to drop following a six-week rally. U.S. stocks have started to correct as worries surrounding the pandemic are mounting. Meanwhile, theBitcoin (BTC) price has pulled back below $18,800 on Dec. 8 after struggling to break resistance at $19,500. The daily price chart of Bitcoin (Coinbase). Source: TradingView…
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Bitcoin price can hit $100,000 if BTC replicates post-March gains

Bitcoin price has multiplied by over four times since its March lows and is up 156% year-to-date. The price of Bitcoin (BTC) has quadrupled in the past nine months, which means another similar rally would put $100,000 on the table in the foreseeable future. The 1-day chart of Bitcoin (Coinbase). Source: TradingView.com Dan Tapiero, co-founder…
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New US stimulus, Brexit and $20K: 5 things to watch in Bitcoin this week

A mountain of fresh U.S. debt contrasts with a mountain of institutional cash potentially set to flow into Bitcoin thanks to major FOMO. Bitcoin (BTC) starts another week aiming for $19,500 and beyond as crunch time for Brexit meets mass U.S. money printing. Cointelegraph takes a look at the price factors at stake for Bitcoin…
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