Bitcoin price dropped below $7K, leading traders to look for a bounce at the $6.8K support. Today, Bitcoin (BTC) price abruptly dropped below the $7,100 support, declining 3.35% to rest near $6,900. For the past few days, Bitcoin price traded between $7,300 and $7,100, testing the $7,100 and $7,050 support multiple times. Therefore, for many…
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2020 has started on a subdued note but traders are anticipating an increase in activity that could lead to a strong directional move in the next few days. 2019 was an eventful year for Bitcoin. In the first six months, it rallied about 310%, from a low of $3,355 on Jan. 29 to a high…
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A calm start to 2020 may end in a shake-up next month, commentators suggest, but huge progress is needed to match the most bullish Bitcoin price forecasts. Bitcoin (BTC) traded broadly sideways on the first day of the 2020s as consensus swirled ever stronger around a Q1 breakout. Cryptocurrency market daily overview. Source: Coin360 BTC…
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Ripple’s XRP token had a dismal 2019, losing half its value in USD and two-thirds of its value against Bitcoin, but will 2020 finally break the downtrend? Bitcoin (BTC) price has seen a significant increase in 2019 (by more than 100%), while altcoins are actually down significantly from the beginning of the year. Moreover, most…
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While Bitcoin price has been suggesting that the bottom has been found, there’s a good chance that a revisit of the $6,000s will occur in the near future. Bitcoin (BTC) closed the week at $7,385, which represented a 1.71% reduction in valuation. The lows for the week were some 4.5% lower at $7,053. But a…
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BitMEX’s insurance fund now holds nearly 0.2% of all Bitcoin in circulation after growing 61% in 2019, but what exactly is it for? The BitMEX Insurance Fund has added nearly 13,000 BTC in 2019, reaching a total of just over 33,491 BTC as of Dec. 30. This is equivalent to 0.19% of the total Bitcoin…
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Binance’s crypto exchange for United States-based users, Binance.US, has opened iOS beta testing of its application to all users. Binance’s crypto exchange for United States-based users, Binance.US, has opened beta testing of its iOS application to all users. The exchange announced the news in a Dec. 30 tweet, revealing the successful private beta test and…
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Looking deeper into Foin price movements and the project’s operations, Cointelegraph discovered a number of red flags for investors’ consideration. On Dec. 15, news broke that cryptocurrency payments firm and wallet provider FoPay had acquired Estonia-based digital currency trading platform AliExchange for 1 million of its native Foin (FOIN) tokens. If one were to go…
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The completion of the most recent brief relief rally means traders need to be extra alert as several altcoins are now facing selling pressure. As 2019 comes to an end, traders will closely analyze the events scheduled for 2020 that might boost cryptocurrency prices. One of the most talked-about and watched events would be the…
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Bitcoin price could experience a relief rally as high as $9K before a bear trend resumes with the beginning of the new year. Bitcoin price (BTC) has been in a sidewards range for several weeks now, with some people on team bear calling for fresh lows in the region of $3,000 while the bulls have…
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