Bitcoin rose to a four-week high on Thursday, as price surged above $18,000 hours before the upcoming U.S. inflation report. This comes as many expect today’s figures to show a considerable drop in consumer prices. Ethereum also moved higher, climbing above $1,400 in the process. Bitcoin Bitcoin (BTC) surged above $18,000 on Thursday, as markets…
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Bitcoin price extended its increase and surged above $18,000. BTC is gaining pace and might rise towards the $19,000 resistance zone. Bitcoin extended its rise above the $17,500 and $18,000 resistance levels. The price is trading above $18,000 and the 100 hourly simple moving average. There is a key bullish trend line forming with support…
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On-chain data shows that altcoin volume dominance is now at the highest level since January 2021, while Bitcoin’s is at its lowest. Altcoin Dominance By Volume Recently Touched A High Of 64% As pointed out by an analyst in a CryptoQuant post, Bitcoin’s dominance is just at 16% now. The “dominance by volume” is an…
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Data shows Bitcoin has been more stable than gold, DXY, Nasdaq, and S&P 500 recently, here’s what history says could follow next. Bitcoin 5-Day Volatility Has Fallen Below That Of Gold, DXY, Nasdaq, And S&P 500 According to the latest weekly report from Arcane Research, BTC has been more stable than these assets for a…
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Bitcoin raced to a fresh multi-week high on Wednesday, as markets turned their attention to tomorrow’s U.S. inflation rate report. Thursday’s report is expected to show that consumer prices have fallen to 6.5%, down from 7.1% the month prior. Ethereum also rose marginally higher in the day. Bitcoin Bitcoin (BTC) rallied above a key resistance…
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While the Bitcoin halving is not expected until March 13, 2024, according to Coinwarz data, Litecoin investors can already look forward to the traditionally bullish event as soon as this year. According to NiceHash’s estimate, the Litecoin halving will take place in 189 days, on July 19, 2023. The approaching halving has prompted analyst Rekt…
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Bitcoin price extended its increase and traded towards $17,500. BTC is consolidating gains and might aim a move towards the $18,000 resistance. Bitcoin extended its rise above the $17,200 and $17,250 resistance levels. The price is trading above $17,200 and the 100 hourly simple moving average. There is a major bullish trend line forming with…
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Bitcoin whales have now started accumulating BTC once more. This comes at a time when the crypto market is seeing struggling prices marked with low momentum. Now, with these large investors picking up the pace with their investments, there could be more movement on the horizon for bitcoin. Bitcoin Whales Fill Up Their Bags Data…
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A newly-released study published in December 2022 reveals that South Korea’s “kimchi premium,” the divergence in cryptocurrency valuations on Korean exchanges compared to Western trading platforms, is strongly associated with a surge in international remittances to China. Examination of Overseas Remittances to China Uncovers Strong Correlation with South Korea’s ‘Kimchi Premium’ According to a study…
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Thomas Lee, managing partner and head of research at Fundstrat Global Advisors, outlined in a recent CNBC interview why the VIX – a real-time volatility index from the Chicago Board Options Exchange (CBOE) – will become an important indicator for equity markets and possibly Bitcoin in the coming months. VIX was created to quantify market…
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