Most major cryptocurrencies are nearing stiff resistance levels, which can result in a few days of consolidation or a minor correction. The institutional investors have maintained their bullish stance on Bitcoin. Though the spot price is yet to hit $10,000, CME Bitcoin futures have already reached the five-figure mark. Additionally, the Bitcoin futures open interest…
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As the sentiment in the Bitcoin and cryptocurrency markets has turned positive, this dip should be viewed as a buying opportunity. The recovery in cryptocurrency prices has ignited interest among institutional investors. In 2019, dedicated crypto funds returned more than 16% according to Eurekahedge while traditional hedge fund strategies returned 10.4% according to Hedge Fund…
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The next few days will decide whether cryptocurrencies will fall in tandem with equity and crude oil due to coronavirus or will they buck the trend. The coronavirus outbreak that started in China has gradually spread to a number of countries across the world. This is creating panic among investors as the death toll continues…
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Bitcoin is en-route to flipping the $7.4K resistance to support and the sharp rebound from key support levels on most major cryptocurrencies is a positive sign. Bitcoin started the new year on a weak note and looked to be losing ground. However, the news of the killing of Iran’s General Qasem Soleimani, in an airstrike…
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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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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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Several short-term buying opportunities might crop up for Bitcoin and other cryptos in the next few days. What are the critical levels to watch out for? South Korea’s central bank plans to recruit additional digital currency experts to build on its existing research into central bank digital currency (CBDC). Along with its own research, the…
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Bitcoin (BTC) and most major cryptocurrencies have entered a consolidation period and a decisive breakout or breakdown from it is now to be expected. As the year comes to an end, the focus will shift to the major events that are expected to influence crypto prices next year. China’s launch of a digital yuan is…
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Here’s a list of the best performing crypto assets — excluding Bitcoin — for 2019. Since the start of 2019, the crypto market has been on the receiving end of an insane amount of financial volatility. For example, in January, the total market capitalization of this burgeoning sector was around $130 billion. However, by July,…
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Bitcoin strong move to $7,600 signals that trend change could be in the making and has also created buying opportunities for select altcoins. Bitcoin is leading the recovery from the front, which is a positive sign. This shows that bulls have used the recent dip to buy. As a result, Bitcoin’s dominance has increased to…
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